Hostess, unions agree to mediation

Hostess Brands Inc agreed in court on Monday to enter private mediation with its lenders and leaders of a striking union to try to avert the liquidation of the maker of Twinkies snack cakes and Wonder Bread.

Hostess, its lenders and the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union agreed to mediation at the urging of Bankruptcy Judge Robert Drain of the Southern District of New York, who advised against a more expensive, public hearing regarding the company's liquidation.

"My desire to do this is prompted primarily by the potential loss of over 18,000 jobs as well as my belief that there is a possibility to resolve this matter," Drain said.

The 82-year-old Hostess was seeking permission to liquidate its business, claiming that its operations have been crippled by a bakers strike and that winding down is the best way to preserve its dwindling cash. Hostess suspended operations at all of its 33 plants across the United States last week as it moved to start selling assets.

Heather Lennox, a lawyer for Hostess, said it would be hard for Hostess to recover from the damage it sustained due to the strike even if an agreement was forthcoming. Yet following the hearing, Hostess Chief Executive Officer Gregory Rayburn told reporters that there was always a chance Hostess could be saved.

"I think we have to see what unfolds," Rayburn said. "My impression is that the judge wants to understand the parties' positions and some of their logic, but it doesn't change our financial position.

"I'm happy to have the help," he added, referring to Drain's mediation following a breakdown of communication between Hostess and the union. "Maybe the judge will help. But can I handicap how it's going to go? No way."

A lawyer for Hostess' creditors' committee declined to comment.

The court-sanctioned mediation could make both sides more willing to give, said Nick Kalm, a communications consultant specializing in labor relations.

"It makes it much more likely that the company will put forward something that is less draconian... and the union will take it. The union realizes they are out of options," said Kalm.

BEHIND CLOSED DOORS

The BCTGM called the strike on November 9 after Hostess sought and won court approval to impose wage and benefit cuts.

Unlike other unions representing workers at Hostess, the BCTGM did not contest Hostess's action -- which allowed it to reject a collective bargaining agreement and impose its offer.

Given the fact that the union did not fight Hostess's motion in court, Judge Drain said it was "somewhat unusual to say the least, and perhaps illogical" that the union would then strike against it.

"Its an odd approach," Drain said. "Before thousands of people are put out of work it would seem to me worthwhile for both the union and the debtors to explore why that happened."

Drain also questioned whether the union had held discussions with competitors or potential suitors about a shiftover of jobs, saying the union's response to Monday's motion implied that it sees "meaningful sales available out there beyond the piecemeal sales that this motion contemplates."

A lawyer for the union did not immediately return a phone call seeking comment on whether such discussions had taken place.

BUYERS MAY EMERGE

Analysts have said Hostess' brands, which also include Nature's Pride, Dolly Madison and Drakes, are expected to draw interest from rivals including Flowers Foods, Pepperidge Farm owner Campbell Soup Co and Mexico's Grupo Bimbo.

Brian Boyle, a food industry investment banker at D.A. Davidson & Co, said it was hard to gauge the value of the Hostess assets, given that there are a lot of plants that are old and inefficient.

"The other wild card is whether you're going to see different buyers emerge for different segments of the business. So Flowers Foods, for instance, might want the cake segment and Bimbo could want the bread piece. So it comes down to 'are the parts greater than the whole?'," Boyle said. "In either case, significant labor and benefits concessions will be required."

Private equity firm Metropolous & Co said on Friday it was interested in pursuing the company, and on Monday, Fortune reported that Sun Capital Partners was interested. Sun Capital did not return a call seeking comment.

The company did have a potential white knight at one point, according to Hostess. Last spring, an outside equity investor had made a viable proposal that would help the company reorganize, it said, but the Teamsters union refused to agree to changes to the pension program and the outside investor walked away.

The company spent the summer and fall negotiating with all of the 12 unions trying to find a common path to reorganization, and did gain certain agreements with the Teamsters and many of the other unions, though not the BCTGM. At the same time the company started putting together a liquidation plan.

Read More..

Father, daughter killed in Wisconsin plane crash

Members of the Burlington Police Department guard the scene of a plane crash in Burlington Wis. (Armando L. Sanchez, Chicago Tribune / November 18, 2012)

Staff report and WGN-TV

8:33 a.m. CST, November 19, 2012

An Antioch man and his 14-year-old daughter were killed when their plane crashed as it approached a small airport just north of the Wisconsin-Illinois border, according to police and relatives.

The victims were identified by the family as Todd Parfitt, who just turned 50, and Nicole Parfitt, 14.

A single-engine Grumman plane registered to Parfitt crashed about 1:25 p.m. Sunday as it approached the airport in Burlington, Wis., about 20 miles north of the state line, officials said. Both victims were thrown from the plane, they said.

“The preliminary information is that it crashed while attempting to land,” said Lynn Lunsford, a spokesman for the Federal Aviation Administration.

Lunsford said the Burlington airport has no control tower, and the pilot was not in contact with air traffic controllers when the plane went down in a cornfield.

The Walworth County Sheriff’s Department said it would release more information later this morning.

chicagobreaking@tribune.com

Twitter: @ChicagoBreaking

Read More..

Cisco to buy cloud-networking start-up Meraki for $1.2 billion

(Reuters) - Networking equipment company Cisco Systems Inc said it will buy privately held cloud networking company Meraki for $1.2 billion in cash as part of its cloud and networking strategy.

Cisco said the acquisition of Meraki, which was founded in 2006 by members of MIT's Laboratory for Computer Science, is expected to close in the second quarter of Cisco's 2013 fiscal year and is subject to regulatory approval.

Cisco's second quarter runs until the end of January.

Meraki - funded by Sequoia Capital and Google Inc - offers Wi-Fi technology, switching, security and mobile device management from the cloud with a focus on mid-sized businesses.

"This is a very logical move for Cisco," said ZK research analyst Zeus Kerravala.

He said the deal will allow Cisco to offer alternative solutions to traditional Wi-Fi deployment models like smaller competitors, such as Aruba Networks and Ruckus Wireless, which debuted on Friday.

"Cisco didn't really have anything to counter that before," Kerravala noted.

Meraki's Chief Executive Sanjit Biswas said in a letter to employees posted on the company website that Cisco had approached the company several weeks ago.

The company's founders had at first rejected the offer in favor of continuing Meraki's strategy aimed at an initial public listing.

"After several weeks of consideration, we decided late last week that joining Cisco was the right path for Meraki," Biswas said.

He also said that Meraki had achieved a $100 million bookings run rate, grown to 330 employees and had a positive cash flow.

(Reporting by Nicola Leske, editing by Gary Crosse)

Read More..

Ravens top Steelers 13-10, control AFC North race

PITTSBURGH (AP) — Terrell Suggs isn't ready to declare the race for the AFC North title over.

Besides, even if it were after the Baltimore Ravens' 13-10 victory over the Steelers on Sunday night, the veteran linebacker knows Pittsburgh still has the upper hand in the rivals' ultimate litmus test.

"They got it where it counts," Suggs said. "That's all that really matters is championships. These little independent battles is good for morale but until we catch them in the ring race ... we'll take the win but we've still got to catch them in that component of the rivalry."

The Ravens (8-2) took a significant step in that direction by shutting down the Steelers (6-4) and backup quarterback Byron Leftwich. The veteran completed 18 of 39 passes for 201 yards in place of injured starter Ben Roethlisberger. Leftwich ran for a score but also threw a drive-killing interception and was sacked three times.

"We went out there and we tried to make plays," Leftwich said. "Some went our way, some didn't. And it just wasn't enough."

The rematch comes in Baltimore in two weeks.

"It's like halftime," Baltimore coach John Harbaugh said. "It's like we won the first half and the second half is coming up."

The Steelers certainly hope it goes a little better than the first.

Pittsburgh was a clock chewing, drive extending machine under Roethlisberger. There were considerably more fits and starts with Leftwich under center. The Steelers converted just 5 of 17 (29 percent) of third downs, well below their season average or 49 percent.

"We never found a rhythm," Leftwich said.

The Ravens weren't much better. Joe Flacco completed 20 of 32 passes for 164 yards. Running back Ray Rice managed just 40 yards on 20 carries, forcing the Ravens to rely on an old standby make the difference.

Typically, that's not a problem. But this is not a typical year in Baltimore.

The defense came in ranked 27th in the league in yards allowed and is missing spiritual leader Ray Lewis, who is on the injured reserve-return list with a triceps injury.

The emotional linebacker made the trip anyway, giving his teammates a lift in the locker room.

"We haven't been playing the best the past couple weeks, or the whole season, some people say," said Baltimore cornerback Corey Graham, who intercepted Leftwich in the third quarter. "We've just got to find a way to get wins and that's what we were able to do today."

The Steelers hosted a number of franchise greats, including Hall-of-Famers Lynn Swann, John Stallworth and Joe Greene.

Their presence was appreciated, though it did little to make up for the absence of safety Troy Polamalu — out again with a right calf injury — or Roethlisberger, the franchise's current standard bearer.

Roethlisberger offered to do everything he could to help Leftwich win his first game as a starter in more than six years and insisted all week the offense wouldn't change.

For a fleeting moment, Roethlisberger appeared to be right.

Leftwich went deep on the game's first snap trying to hit Mike Wallace, drawing a pass interference penalty on Baltimore's Cary Williams. Two plays later Leftwich — who joked all week about his lack of speed — bought time in the pocket, rolled to his right and made for the sideline.

Rather than slide or duck out of bounds, the 250-pound Leftwich got a block and raced — in a manner of speaking — 31 yards for a touchdown to give the Steelers a 7-0 lead. Roethlisberger lifted his good arm in the air in celebration after the longest run of Leftwich's career, and the play seemed to give Pittsburgh a sense of confidence.

It didn't last. At least, not on offense.

The Steelers' second possession ended with a Wallace fumble that Ed Reed returned to the Pittsburgh 14. Baltimore managed only a field goal, but it seemed to bring the Steelers back to earth.

If that didn't, Jones did.

The explosive return man drifted under a Drew Butler punt late in the first half, sprinted up the field, cut to the right and zipped untouched to the end zone for his third return touchdown of the season to give Baltimore a 10-7 lead.

"They were trying to set up the outside wall, but I saw nothing but open field to the right so I thought, 'Why not go this way?'" Jones said.

Baltimore moved in front 13-7 in the third quarter on Justin Tucker's second field goal, more than enough to help the Ravens take a major step toward their second straight division title.

"They talked about how it was going to be a physical game, how it was going to come down to the end and it lived up to it," Graham said. "It was definitely a great experience. I look forward to it in a couple weeks."

NOTES: Baltimore TE Dennis Pitta left the game with a concussion in the first quarter and did not return ... Pittsburgh RB Isaac Redman also left with a concussion and did not return ... Pittsburgh RB Rashard Mendenhall had 33 yards in his first game in a month ... The Steelers travel to Cleveland next week while the Ravens play in San Diego.

___

Follow Will Graves at www.twitter.com/WillGravesAP

___

Online: http://pro32.ap.org/poll and http://twitter.com/AP_NFL

Read More..

EU drug regulator OKs Novartis' meningitis B shot

LONDON (AP) — Europe's top drug regulator has recommended approval for the first vaccine against meningitis B, made by Novartis AG.

There are five types of bacterial meningitis. While vaccines exist to protect against the other four, none has previously been licensed for type B meningitis. In Europe, type B is the most common, causing 3,000 to 5,000 cases every year.

Meningitis mainly affects infants and children. It kills about 8 percent of patients and leaves others with lifelong consequences such as brain damage.

In a statement on Friday, Andrin Oswald of Novartis said he is "proud of the major advance" the company has made in developing its vaccine Bexsero. It is aimed at children over two months of age, and Novartis is hoping countries will include the shot among the routine ones for childhood diseases such as measles.

Novartis said the immunization has had side effects such as fever and redness at the injection site.

Recommendations from the European Medicines Agency are usually adopted by the European Commission. Novartis also is seeking to test the vaccine in the U.S.

Read More..

Justin Bieber gets love at American Music Awards

Justin Bieber may be Canadian, but he was the all-American boy at Sunday night's American Music Awards.

The pop singer dominated the awards show, winning three trophies, including artist of the year. His mom joined him onstage as he collected the award, beating out Rihanna, Maroon 5, Katy Perry and Drake.

"I wanted to thank you for always believing in me," Bieber said, looking to his mom.

The 18-year-old also won the honor in 2010. He said it's "hard growing up with everyone watching me" and asked that people continue to believe in him.

But the teenager who brought his mom as a date also got in some grinding with Nicki Minaj — who shared the stage with him and took home two awards — and a kiss on the neck from presenter Jenny McCarthy.

"Wow. I feel violated right now," he said, laughing.

"I did grab his butt," McCarthy said backstage. "I couldn't help it. He was just so delicious. So little. I wanted to tear his head off and eat it."

Another collaboration was the night's most colorful performance: Korean rapper PSY and MC Hammer. Hammer joined the buzzed-about pop star for his viral hit "Gangnam Style." PSY rocked traditional "Hammer" pants as they danced to his jam and to Hammer's "Too Legit to Quit."

Minaj, who wore three different wigs and four outfits throughout the night, repeated her AMAs wins from last year, picking up trophies for favorite rap/hip-hop artist and album for "Pink Friday: Roman Reloaded." She was in an all-white get-up, including fur coat and pink hair when she performed her new song "Freedom." The scene was ghostly and snowy, as a choir — also in white — joined her onstage. One background singer stole the performance, belting semi-high notes as Minaj looked on.

Usher kicked off the three-hour ABC-televised show with green laser lights beaming onstage as he performed a medley of songs, including "Numb," ''Climax" and "Can't Stop, Won't Stop," which featured a smoky floor and a number of backup dancers, as Usher jammed in all black, with the exception of his red shoes. He won favorite soul/R&B male artist.

His protege Bieber won favorite pop/rock male artist in the first award handed out and gave a shout-out to those who didn't think he would last on the music scene.

"I want to say this is for all the haters who thought I was just here for one or two years. I feel like I'm going to be here for a very long time," he said.

He also won favorite pop/rock album for his platinum-selling third album, "Believe." He gave a stripped down, acoustic performance of "As Long As You Love Me," then transitioned to the dance-heavy "Beauty and a Beat," where Minaj joined him onstage, grinding with the teen for a few seconds.

Swift won her fifth consecutive award for favorite country female artist.

"This is unreal. I want to thank the fans. You guys are the ones who voted on this," she said.

Swift gave a masquerade-themed performance of the pop song "I Knew You Were Trouble." She sang onstage in a light dress while dancers wore mostly black. But then she changed into a red corset and black skirt, matching their dark mood. She even danced and sang on the floor as lights flickered throughout the performance.

Dick Clark, who created the AMAs, was remembered by Ryan Seacrest and an upbeat performance by Stevie Wonder.

"What a producer he was," said Seacrest, as Wonder sang his hits, including "My Cherie Amour."

Carly Rae Jepsen, who performed early in the night, won favorite new artist.

"I am floored. Wow," she said, thanking Bieber and his manager, Scooter Braun.

Party girl Ke$ha was glammed up on the red carpet, rocking long, flowy blonde hair and a light pink dress. She switched to her normal attire when she performed her hit single "Die Young." It was tribal, with shirtless dancers in skin-tight pants, silver hair and skeleton-painted faces, who also played the drums. Ke$ha was pants-less, rocking knee-high boots and rolling on the floor as she finished up the song.

Minaj and Christina Aguilera were blonde bombshells, too: Minaj's hair was busy and full of volume and she sported a neon strapless gown to accept her first award. Aguilera wore a blonde bob in a purple dress that matched her eyeshadow.

Aguilera performed a medley of material from her new album and joined Pitbull onstage.

Kelly Clarkson also hit the stage, making a nod to her "American Idol" roots with a number on her dress and three judges looking on as she sang "Miss Independent." Then she went into "Since U Been Gone," ''Stronger" and "Catch My Breath."

Fellow "Idol" winner Carrie Underwood won best favorite country album and performed, hitting the right notes while singing "Two Black Cadillacs." She talked about singing competition shows backstage.

"These people that go on these shows are so talented, you know? And I would love to see if so many of the other artists that are out there today would go back and try out for these shows, because they might get their behinds kicked by some of the contestants," she said.

Luke Bryan won favorite country male artist and Lady Antebellum favorite country group.

American Music Awards nominees were selected based on sales and airplay, and fans chose the winners by voting online. At this award show, even the stars were fans: Pink said on the red carpet that she'd like to collaborate with Lauryn Hill. Cyndi Lauper said her musical playlist includes Pink and Minaj. Boy band The Wanted said they were excited to see PSY and Colbie Caillat wanted to watch No Doubt.

"What makes the American Music Awards special is the fans choose the winning artists," said Chester Bennington of Linkin Park, who won favorite alternative rock artist and performed "Burn It Down," as Brandy sang along and Gwen Stefani, Usher and Phillip Phillips bobbed their heads.

David Guetta won the show's first-ever electronic dance music award. Non-televised awards went to Katy Perry for pop/rock female artist, Beyonce for soul/R&B female artist, Adele for adult contemporary artist and Shakira for Latin artist.

Along with Rihanna, Minaj was the top nominee with four nominations.

___

ABC is owned by The Walt Disney Co.

___

AP Entertainment Writer Sandy Cohen contributed to this report from Los Angeles.

___

Follow Mesfin Fekadu on Twitter at http://twitter.com/MusicMesfin

Read More..

Investors rush in to rent out foreclosures

The foreclosed home on Kenmore Street in Aurora was an outdated, unkempt eyesore until crews arrived this fall, performing thousands of dollars of work to make it attractive and modern, inside and out.

But it wasn't until workers walked across the street to ask for some water that neighbors Mario Cervantes and Oralia Balderas-Cervantes learned that a corporation, not a consumer, had bought the house, intending to turn it into a rental property. Despite being landlords themselves, the couple aren't sure they like the idea.

"If it's going to be a company that is watching out for the community, yes," Cervantes said. "If it's going to be a company that is watching out for themselves, no."

Added Balderas-Cervantes: "I'd rather see a homeowner. A lot of renters don't care. It's like renting a car versus buying a car. It's different."

Similar scenarios and concerns are unfolding across Chicago and in other markets hard-hit by the housing crisis. Well-capitalized, out-of-town private equity funds are scouring neighborhoods, paying cash for distressed single-family homes and renting them out. The opportunities are plentiful, enabling investment groups to profit from low home prices, rising rents and an increase in the number of potential renters.

The transactions are returning vacant properties to active use. But they also are stoking fears among neighbors and municipalities about the long-term effect of large, private investors — including many that are operating under the radar — in their communities.

"This scares the hell out of me," said Ed Jacob, executive director of Neighborhood Housing Services of Chicago Inc. "In this rush to say this is a new asset class, are we creating the next community development problem?

"You talk to them and it's all about neighborhood recovery. They all have the narrative down."

In April, housing research firm CoreLogic named the Chicago area one of the better housing markets for institutional investor funds. It cited the area's large number of foreclosures, which will increase the number of vacant homes, and the estimated rental income relative to the low cost of acquisition.

The general strategy of the companies is the same: buy low, make the necessary upgrades, fill them with tenants and then sell the homes in three to seven years. With companies and analysts anticipating projected returns of at least 8 percent, there also is talk of creating publicly traded real estate investment trusts.

"What this reminds me of is the dot-com boom," said Rick Sharga, executive vice president of Carrington Mortgage Holdings LLC, a California firm whose asset management arm is actively looking in the Chicago market. "That's what this feels like. Every investor in America wants to buy foreclosures and turn them into rentals."

Two statistics increasing that appetite are the homeownership rate and rental rates. Foreclosures, tight lending conditions and wary consumers have pushed down the nation's homeownership rate to 65.5 percent at the end of September, according to census data. Meanwhile, the percentage of vacant rental units has been on a steady decline since 2010 as more people opt for leases rather than mortgages.

Tighter inventories are pushing up rents. As of October, annualized rents in Chicago were up 7.7 percent, more than the national increase of 5.1 percent, online real estate site Trulia found.

But investors aren't flocking to all neighborhoods equally. Most want homes in desirable neighborhoods with strong area employment. They also look at the strength of local rules protecting landlords in disputes with tenants.

After vetting the tenant and securing a lease, property managers say they routinely drive by the homes and sometimes schedule inside inspections to protect their investment.

Weighing risks, rewards

It remains to be seen whether their expectations will be met. One problem with the business model is there's no performance track record to speak of. And as housing prices slowly recover, acquisition costs also will increase and cut into returns.

There also isn't any history on property management firms tasked with overseeing so many scattered-site rental properties. Any well-publicized mistakes involving poorly maintained properties or wronged tenants could taint investors' reputations.

That's one reason why big-name players are likely to avoid buying in neighborhoods where they fear a greater chance of eviction proceedings occurring.

"You make one mistake in those properties and you'll be toast," Sharga said.

Read More..

1 dead, 4 hurt in Dan Ryan crash that closes some lanes

Emergency vehicles at the scene of a fatal collision on the Dan Ryan Expressway. (Stacey Wescott, Chicago Tribune / November 18, 2012)

Staff report

9:02 a.m. CST, November 18, 2012

Illinois State Police have closed the inbound express lanes on the Dan Ryan Expressway from 51st Street after a fatal collision this morning.

Local lanes remain open.

The accident occurred on the expressway near 26th Street at about 4:30 a.m., Chicago Fire Department spokesman Kevin MacGregor said.

One person was pronounced dead on arrival, and fire officials transported four people to area hospitals in critical condition, MacGregor said.

All of the injured had to be extricated from their vehicles, MacGregor said.

Two of those injured were taken to John H. Stroger, Jr. Hospital of Cook County, and two were taken to Northwestern Memorial, MacGregor said.

Check back for more information.

chicagobreaking@tribune.com

Twitter: @ChicagoBreaking

Read More..

Exclusive: Facebook offering e-retailers sales tracking tool

SAN FRANCISCO (Reuters) - Facebook Inc wants more credit for making online cash registers ring.

Facebook will begin rolling out on Friday a new tool which will allow online retailers to track purchases by members of the social network who have viewed their ads.

The tool is the latest of the new advertising features Facebook is offering to convince marketers that steering advertising dollars to the company will deliver a payoff.

Facebook, with roughly 1 billion users, has faced a tough reception on Wall Street amid concerns about its slowing revenue growth.

"Measuring ad effectiveness and outcomes is absolutely crucial to all types of businesses and marketers," said David Baser, a product manager for Facebook's ads business who said the "conversion measurement" tool has been a top customer request for a long time.

The sales information that advertisers receive is anonymous, said Baser. "You would see the number of people who bought shoes," he said, using the example of an online shoe retailer. But marketers would not be able to get information that could identify the people, he added.

The conversion tool is specifically designed for so-called direct response marketers, such as online retailers and travel websites that advertise with the goal of drumming up immediate sales rather than for longer-term brand-building.

Such advertisers have long flocked to Google Inc's Web search engine, which can deliver ads to consumers at the exact moment they're looking for information on a particular product.

But some analysts say there is room for Facebook to make inroads if it can demonstrate results.

"The path to purchase" is not as direct on Facebook as it is on Google's search engine, said Debra Aho Williamson, an analyst with research firm eMarketer. But she said that providing information about customer sales conversion should help Facebook make a stronger case to online retailers.

"It lets marketers track the impact of a Facebook ad hours or days or even a week beyond when someone might have viewed the ad," said Williamson. "That allows marketers to understand the impact of the Facebook ad on the ultimate purchase."

Marketers will also have the option to aim their ads at segments of Facebook's audience with similar attributes to consumers that have responded well to a particular ad in the past, Baser said.

Online retailer Fab.com, which has tested Facebook's new service, was able to reduce its cost per new customer acquisition by 39 percent when it served ads to consumers deemed most likely to convert, Facebook said. Facebook defines a conversion as anything from a completed sale, to a consumer taking another desired action on a website, such as registering for a newsletter.

NEW OPPORTUNITIES

Shares of Facebook, which were priced at $38 a share in its May initial public offering, closed Thursday's regular session at $22.17.

In recent months, Facebook has introduced a variety of new advertising capabilities and moved to broaden its appeal to various groups of advertisers.

Chief Operating Officer Sheryl Sandberg said in October that Facebook saw multi-billion revenue opportunities in each of four groups of advertisers: brand marketers, local businesses, app developers and direct response marketers.

Facebook does not disclose how much of its ad revenue, which totaled $1.09 billion in the third quarter, comes from each type of advertiser. Pivotal Research Group analyst Brian Wieser estimates that brand marketers and local businesses account for the bulk of Facebook's current advertising revenue.

Earlier this year, Facebook introduced a similar conversion measurement service for big brand advertisers, such as auto manufacturers, partnering with data mining firm Datalogix to help connect the dots between consumer spending at brick-and-mortar and Facebook ads.

And Facebook has rolled out new marketing tools for local businesses such as restaurants and coffee shops, including a revamped online coupon service and simplified advertising capabilities known as promoted posts.

The new conversion measurement tool is launching in testing mode, but will be fully available by the end of the month, Facebook said.

(Reporting By Alexei Oreskovic; editing by Carol Bishopric)

Read More..

A night of upsets and Irish, Tide rise in football

Coming into Saturday, Oregon and Kansas State had the inside track to college football's national championship and the Southeastern Conference's run of six straight BCS titles was in jeopardy.

Then No. 2 K-State got thumped 52-24 by unranked Baylor and top-ranked Oregon fell in overtime to No. 14 Stanford, 17-14.

Now the SEC is alive and well.

And how's this for a possible national title game: Alabama vs. Notre Dame.

A week after Alabama lost to Texas A&M, more upsets re-opened door for the fourth-ranked Crimson Tide, which shut out lower-division Western Carolina 49-0 on Saturday.

Georgia has a title shot, too. And so does Florida.

But the happiest of all about the Ducks and Wildcats going down had to be Notre Dame and its fans.

The Fighting Irish were third in the BCS standings and the AP Top 25, behind K-State and Oregon entering the weekend. Notre Dame was staring at what must have felt unthinkable for the storied program: Finishing unbeaten and not even getting a chance to play for the BCS championship.

The Irish took care of running their record to 11-0 with a 38-0 shutout at home against Wake Forest.

Then everything fell into place.

Oregon (10-1), the highest scoring team in the country at 55 points per games, couldn't shake free of Stanford's tough defense. The Cardinal tied it late on a juggling TD catch that was called incomplete on the field and overturned to a catch by replay.

In OT, Oregon missed a field goal and Stanford made one. The Ducks were done.

"It hurts and as I told them, you'd like to have some words that would take the pain out of it, but there aren't," Ducks coach Chip Kelly said. "We'll feel bad for a little bit of time and we'll bounce back from it."

Kansas State's first loss of the season was far more decisive. Collin Klein and the Wildcats (10-1) lost 52-24 at Baylor, and there went Kansas State's BCS title hopes and Klein's status as Heisman Trophy front-runner. He was picked off three times.

It was the first time since Dec. 1, 2007, that the Nos. 1 and 2 teams in the AP Top 25 lost on the same day. That year, Missouri and West Virginia were the upset victims, giving Ohio State and LSU a chance to play for the national title. The Tigers won the second of the SEC's six straight.

When the latest BCS standings and AP rankings come out Sunday Notre Dame almost certainly will be No. 1.

Alabama, fourth in the BCS last week, will most likely be in second place this week, followed by SEC rivals Georgia and Florida.

Notre Dame coach Brian Kelly won't need to go on television with Oprah Winfrey, as he said he would earlier this week, to plead his team's case for playing in the BCS title game. Just beat rival Southern California next week at the Los Angeles Coliseum and book the plane tickets to Miami, where the BCS national title game will be played Jan. 7.

USC, the preseason No. 1 team, lost again on Saturday, 38-28 to UCLA, to fall to 7-4. And Trojans star quarterback Matt Barkley was knocked out of Saturday's game by a hard hit. No word yet on whether he'll play next week, but if he doesn't Notre Dame's path gets even smoother.

As for the SEC, it's pretty simple.

Alabama (10-1) and Georgia (10-1) have already sealed up spots in the conference title game on Dec. 1, but both have games still to play.

The Tide plays hapless rival Auburn next week. The Bulldogs face Georgia Tech. If they both win, the SEC title game again becomes a de facto national semifinal, with the winner likely advancing to Miami, trying to extend win the league's seventh straight national crown.

Sprinkle in a Georgia Tech win and the Bulldogs beating Alabama in the SEC title game, and No. 7 Florida (10-1) could be the SEC's representative, though the Gators have to play at No. 10 Florida State (10-1).

The Seminoles aren't out of the race yet either, especially if USC shocks Notre Dame. Though if that happens, just about any team with only one loss will be making claim to be in the big game, even Oregon and Kansas State if they can win their conferences.

Or consider this.

USC beats Notre Dame, Florida beats Florida State, and either Georgia or Alabama finishes 12-1. Add it up and it could be an all-SEC championship game for the second straight year.

Or there could be split national championship. Undefeated Ohio State is No. 6 in the AP Top 25 but ineligible to win the BCS title because it is NCAA-banned from playing in a bowl game.

If all the other contenders falter, Ohio State could be the lone unbeaten left standing and lay claim to the AP title.

Sounds crazy, but after Saturday night, nothing seems far-fetched.

___

AP Sports Writer Anne M. Peterson in Eugene, Ore., contributed.

___

Follow AP Sports Writer Ralph D. Russo at www.Twitter.com/ralphdrussoap

Read More..