Obama Nominates Pritzker, Froman for Cabinet Posts

May 2 (Bloomberg) -- President Barack Obama speaks about his nominations of Hyatt Hotels Corp. heiress and philanthropist Penny Pritzker for secretary of commerce and Michael Froman, currently the deputy national security adviser for international economics, as U.S. trade representative. (Source: Bloomberg)
Ace to Buy Chubb for $28.3B
40:58 - It’s the biggest acquisition in the insurance industry since 2008. Ace has agreed to buy its rival Chubb for $28.3B. The deal is just the latest move in a recent acquisition spree for Ace. Bloomberg’s Nejra Cehic reports on “Countdown.” (Source: Bloomberg)
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