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Brooke Burke, Carson Kressley and Molly Sims host a red carpet-themed online viewing party presented by I Can’t Believe It’s Not Butter!®

NEW YORK, Feb. 22, 2012 /PRNewswire/ – In celebration of Hollywood‘s biggest night, Toast to the Red Carpet LIVE!, a first-of-its-kind 90-minute web show allowing movie fans to experience all of the glitz and glamour of the red carpet at home, will stream live online on Sunday, February 26 on UsWeekly (www.usmagazine.com) and the I Can’t Believe It’s Not Butter!® Facebook page (facebook.com/icantbelieveitsnotbutterUSA).

Presented by I Can’t Believe It’s Not Butter!®, Toast to the Red Carpet LIVE! will feature a star-studded roundtable of celebrity panelists, including beauty expert Brooke Burke, fashion expert Carson Kressley and model and actress Molly Sims, dishing on celebrity style and up-to-the-minute coverage from the red carpet. Culinary and entertaining expert Katie Lee will be on hand to showcase delicious recipes inspired by her favorite best picture nominees.

“As a brand, I Can’t Believe It’s Not Butter! consistently seeks new and innovative ways to reach consumers and Toast to the Red Carpet LIVE! allows us to give movie fans exclusive content they will not be able to find elsewhere,” said Barry Sands, Senior Brand Manager, Premium Brands at Unilever.

Produced by Digital Broadcasting Group (DBG) in collaboration with Mindshare Entertainment, Toast to the Red Carpet LIVE! broadcasts live online on Sunday, February 26 starting at 3:00pm PST. Viewers can tune in to watch all the action on UsMagazine.com, the I Can’t Believe It’s Not Butter!® Facebook page and select websites within DBG’s digital portfolio.

About Unilever North America
Unilever is one of the world’s leading suppliers of fast moving consumer goods with strong operations in more than 100 countries and sales in 180.  With products that are used over two billion times a day around the world, we work to create a better future every day and help people feel good, look good and get more out of life with brands and services that are good for them and good for others.  In the United States and Canada the portfolio includes brand icons such as: Axe, Becel, Ben Jerry’s, Bertolli, Breyers, Caress, Consort For Men, Country Crock, Degree, Dove personal care products, fds, Good Humor, Hellmann’s, I Can’t Believe It’s Not Butter!, Just for Me!, Klondike, Knorr, Lever 2000, Lipton, Motions, Nexxus, Noxzema, Pond’s, Popsicle, Promise,

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In every company it is usually common and realistically cannot be avoided for most of managers to have different types of subordinates under their supervision, they are: Read the rest of this entry »

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ATHENS |
Wed Feb 22, 2012 9:51am EST

ATHENS (Reuters) – Fitch cut Greece’s long-term ratings on Wednesday to its lowest rating above a default, becoming the first ratings agency to make the widely expected downgrade after the country announced a bond exchange plan to ease its massive debt burden.

It said Greece would be designated as having technically defaulted after the bond exchange is formalized, but the new bonds would be give and new rating.

All three big ratings agencies — Fitch, Moody’s and Standard Poor’s — downgraded Greece in July when an initial debt swap plan was unveiled and have warned that losses for private creditors would trigger a temporary default.

As expected, Fitch said it was downgrading Greece to “C” from “CCC,” and would follow up with further downgrade to a “restricted default” when the bond swap is completed.

It will then reassess the country’s ratings when new bonds are issued as part of the debt exchange.

“It would come out to a low, speculative grade rating,” Fitch analyst Paul Rawkins told Reuters on the ratings after the reassessment, noting that rating would factor in the country’s economic prospects and new debt profile.

He added that the current process of downgrades was largely procedural, following the path laid out by the agency in June. Ratings, which give an estimate of the capacity of a creditor to repay its debt, usually serve as a guide to investors.

Euro zone finance ministers agreed a 130-billion euro rescue plan for Greece on Tuesday to avert a messy default, including a bond swap to shave 100 billion euros off Greece’s debt burden.

Bondholders will take losses of 53.5 percent on the nominal value of their Greek bonds as part of the swap, with actual losses put at around 74 percent in real terms.

The European Central Bank fas agreed to a complex plan to ensure Greek bonds can still be used as collateral in its lending operations whilst in the process of being swapped.

Greece will take a loan from the European Financial Stability Facility (EFSF) which will come in the form of EFSF bonds. Those bonds will passed to ECB and put into a special account incase there are any losses on collateral during the short window of the bond swap.

(Reporting by Deepa Babington and Harry Papachristou. Editing by Jeremy Gaunt)

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By Chuck Mikolajczak

NEW YORK |
Wed Feb 22, 2012 11:03am EST

NEW YORK (Reuters) – Stocks were little changed on Wednesday as an encouraging U.S. housing report offset soft euro zone data, while the SP 500 struggled to break through a high not seen since last May.

The benchmark SP is up 8.3 percent for the year and more than 20 percent from October lows. But the index has been unable to convincingly pierce the 1,360 level, a high hit May 3 and a key resistance point that could spark further gains if broken.

U.S. home resales surged to a 1-1/2 year high in January and supply fell to its lowest in nearly seven years, the National Association of Realtors said, pointing to a nascent housing recovery.

European shares fell for a second straight session as recession concerns increased after data showed the euro zone’s service sector unexpectedly shrank and amid residual worries about Greece despite its success in getting a bailout. The FTSEurofirst 300 .FTEU3 index of top European shares was down 0.8 percent.

“On the one hand Greece looks like maybe it is finally sort of taken care of temporarily, U.S. economic data has been pretty good, there hasn’t been any real bad news out there, so there is no real motivation to sell,” said Uri Landesman, president of investment firm Platinum Partners in New York.

“But on the other hand, everybody is kind of thinking ’1,080 to 1,360 is a hell of a run.’”

The Dow Jones industrial average .DJI was down 15.48 points, or 0.12 percent, at 12,950.21. The Standard Poor’s 500 Index .SPX slipped 2.60 points, or 0.19 percent, at 1,359.61. The Nasdaq Composite Index .IXIC was off 7.63 points, or 0.26 percent, at 2,940.94.

Dell Inc (DELL.O) slumped 6.1 percent to $17.10 and was one of the biggest drags on the SP. The world’s No. 3 personal computer maker forecast revenue below expectations late Tuesday. The NYSEArca computer hardware index .HWI lost 1 percent.

Toll Brothers Inc (TOL.N) dropped 3.8 percent to $22.81 after the luxury homebuilder swung to a quarterly loss as fewer deliveries and more contract cancellations hurt revenue.

Garmin Ltd (GRMN.O) jumped 10.7 percent to $49.48 after reporting a better-than-expected profit as revenue from personal navigation devices rose and demand for outdoor and fitness products jumped.

TJX Cos Inc (TJX.N) lost 1.7 percent to $34.63 after the off-price retailer reported higher quarterly profit.

Fellow computer maker Hewlett-Packard Co (HPQ.N) is set to report earnings later Wednesday. The market expects a profit

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