China steps up effort to diversify FX reserves

BEIJING (Reuters) - China has set up a new unit to help diversify its $3.31 trillion holdings of official reserves, the country's currency regulator said on Monday.The State Administration of Foreign Exchange (SAFE) said the SAFE Co-Financing office had been created to explore new investment options that preserve and increase the value of the world's largest currency reserve stockpile."In recent...

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U.S. economy to grow 2.5 percent this year: Fed's Evans

HONG KONG (Reuters) - The U.S. economy is expected to grow by 2.5 percent in 2013, improving to 3.5 percent growth in 2014, top Fed official Charles Evans said on Monday.Evans also forecast the U.S. unemployment rate would be 7.4 percent this year, easing to about 7 percent in 2014."One good indicator of labor market improvement would be if we saw payroll employment increase by 200,000 each month...

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Chicago-area RTA: United running 'sham' business

CHICAGO (AP) — A transportation agency plans to file a lawsuit Monday alleging that United Airlines is falsely claiming to buy huge amounts of jet fuel out of a small, rural Illinois office that doesn't even have a computer to avoid paying tens of millions of dollars in taxes in Chicago, where the purchases are allegedly being made.The Regional Transportation Authority alleges United Aviation Fuels...

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More than 400 Million Devices Are Connected in U.S. Homes, According to The NPD Group

There are 425 million devices connected to the Internet in U.S. homes, according to a new Connected Intelligence report from global information company, The NPD Group.Port Washington, New York (PRWEB) January 02, 2013There are 425 million devices connected to the Internet in U.S. homes, according to a new Connected Intelligence report from global information company, The NPD Group. The Connected...

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NewsWatch Features Creatoverse, a Sandbox App that Fosters Your Creativity, on AppWatch

NewsWatch, a nationwide television show, recently aired a news segment about “Creatorverse”, a new tablet app by Linden Lab. The segment aired as part of “AppWatch”, a weekly review of the top apps in the marketplace.Washington, DC (PRWEB) January 02, 2013NewsWatch, a nationwide television show, recently aired a news segment about “Creatorverse”, a new iPad app by Linden Lab. The segment aired as...

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Adapting To An Evolving U.S. Economy: Charitable Giving And “The Fiscal Cliff”

Avrum D. Lapin to join the founder of EJewishPhilanthropy.com to host a seminar for nonprofit leaders that fundraise in the United States and IsraelJerusalem, Israel (PRWEB) January 02, 2013Avrum D. Lapin, Director and Senior Partner of the Philadelphia fundraising firm The EHL Consulting Group, will join Dan Brown, the founder of popular philanthropy blog EJewishPhilanthropy.com, to host a seminar...

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Mobile Device Accessory Manufacturer New Trent Announces CES Products and Distribution

Established supplier of mobile power accessories, hard-shell cases and tablet keyboards to meet marketplace demand through new distribution alliances.Fremont, CA (PRWEB) December 31, 2012New Trent, a trusted manufacturer of battery technology for leading electronics products, has announced its presence at CES (Consumer Electronics Show) in Las Vegas in it's plan for expansion of its mobile accessory...

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Start the New Year With a Clear Mind and Body by Eliminating Clutter From the Home

And Make Some Extra Money Selling Those Unwanted Things on eBid.netMiami, FL (PRWEB) December 31, 2012The positive physical and psychological effects of clearing clutter from your life have been well-documented. Benefits include creating a focused mind, finding extra time in the day to exercise, reducing accidents - and earning some extra cash selling unnecessary clutter online. One of the best options...

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ListedBy’s Stephan Piscano Perspective Featured In REI Voice Magazine’s 2013 Market Predictions

Feature projects outlook from ten prominent U.S. city, state and national real estate industry leaders and city executives.Napa, CA (PRWEB) December 31, 2012ListedBy (http://www.ListedBy.com), the first free online real estate marketplace and social network with live bidding public real estate auctions and ‘Best Offer’ functionality today announced that its CEO and Founder Stephan Piscano’s outlook...

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Congressional Dairy Fix Would Still Raise Milk Prices

Dairy Manufacturers and Consumer Groups Oppose New ProgramWASHINGTON, Dec. 31, 2012 /PRNewswire-USNewswire/ -- The International Dairy Foods Association (IDFA) stated today that the legislation proposed by Congressional Agriculture Committee leaders would still cause a problem in the marketplace because it includes a controversial new program designed to limit the milk supply. That proposal, championed...

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Astrology Secrets Revealed: New Online Website PsychicTarot.us Reveals Astrology Advice for $5

Astrology has been a cornerstone of every known civilization, and PsychicTarot.us has announced the release of their new online marketplace for readers and clients. The new system allows readers to list their readings and sell to a global market.Santa Barbara, CA (PRWEB) December 31, 2012To further enhance the options for site users, the metaphysical market place PsychicTarot.us has added Astrology...

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Muni tax break under threat from bipartisan scrutiny in congress

 The tax break that U.S. states, cities and counties get on the bonds they issue is in growing jeopardy now that Republicans, in addition to Democrats, are considering limits on the exemption.As part of the "fiscal cliff" negotiations to raise more federal government tax revenue, Republican lawmakers have joined Democrats in reevaluating the costly tax break, said Republican congressional aides...

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Boehner plan would bring top U.S. income tax rate to 39.6 percent: source

 House of Representatives Speaker John Boehner's latest "fiscal cliff" proposal to President Barack Obama would see the top income tax rates rise to 39.6 percent from 35 percent for those with net incomes above $1 million a year, according to a source familiar with the talks.The source, who asked not to be identified, emphasized that the income tax rate increase would be in exchange for "significant...

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House Republicans eye limited fiscal cliff bill

With time running short before a Dec. 31 deadline, House of Representatives Speaker John Boehner will begin work on legislation that simply would extend current low income tax rates for all families with incomes below $1 million a year, according to an aide.Negotiations will continue with the White House on a broader tax and spending deal, the Boehner aide said.Boehner is presenting the plan to rank-and-file...

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Senator Reid rejects Boehner "fiscal cliff" backup plan

- House Speaker John Boehner's backup plan that would simply extend low income tax rates for households with incomes below $1 million a year "cannot pass both houses of Congress," Senate Majority Leader Harry Reid said on Tuesday.Reid, a Democrat, said Boehner instead should focus on reaching a broad deficit-reduction deal with President Barack Obama. "Now is the time to show leadership, not kick...

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White House defends offer as 'good faith effort'

 The White House is defending President Barack Obama's proposal to set a higher threshold for tax increases than what he vowed to do during his presidential campaign. The White House says Obama has moved halfway to meet House Speaker John Boehner on a "fiscal cliff" deal that raises $1.2 trillion in tax revenue, down from the $1.6 trillion Obama had initially requested.White House spokesman Jay...

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Analysis: In ICE-NYSE deal, one CEO steps back, the other rises

(Reuters) - Duncan Niederauer, the chief executive of New York Stock Exchange operator NYSE Euronext, once boldly proclaimed that his company could not be acquired.Last year, even when Niederauer was prepared to sell his company to Deutsche Boerse, he insisted that he be chief executive of the combined company. The deal ended up being quashed by German regulators.But with the agreement by IntercontinentalExchange...

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Stocks fall sharply after Republicans cancel vote

NEW YORK (AP) -- Stocks are opening sharply lower on Wall Street.The big drop comes after House Republicans called off a vote on tax rates. That left federal budget talks in disarray 10 days before sweeping tax increases and government spending cuts take effect.The Dow Jones industrial average is down 116 points at 13,195. The Standard & Poor's 500 index is off 13 points at 1,430. And the Nasdaq...

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RIM shares fall at the open after earnings

TORONTO (Reuters) - Research In Motion Ltd fell in early trading on Friday following the BlackBerry maker's Thursday earnings announcement, when the company outlined plans to change the way it charges for services.RIM, pushing to revive its fortunes with the launch of its new BlackBerry 10 devices next month, surprised investors when it said it plans to alter its service revenue model, a move that...

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Stocks open sharply lower after GOP cancels vote

NEW YORK (AP) — Stocks opened sharply lower Friday on Wall Street after House Republicans called off a vote on tax rates and left federal budget talks in disarray 10 days before sweeping tax increases and government spending cuts take effect.The Dow Jones industrial average fell 140 points to 13,171 in the opening minutes of trading, a decline of 1 percent. The Standard & Poor's 500 index fell...

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