Industries

P&G Chief Bob McDonald Pins Growth on Closer Shave Than a Mumbai Barber Procter & Gamble Co.’s Bob McDonald is going undercover in Latin America next week.

Food Recalls From Salmonella May Rise to 10,000 in Industry 'Wake-Up Call' Salmonella contamination at a Nevada food-flavoring plant may trigger the recall of as many as 10,000 products, according to a Consumers Union scientist.

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Crude Oil Trades Little Changed as Dollar Weakens, Equity Indexes Recover Oil traded little changed as the dollar gave up gains against the euro, boosting crude’s appeal to investors, and European equities markets erased losses.

BP to Pay $7 Billion for Devon's Assets in Gulf of Mexico, Brazil, Caspian BP Plc will pay Devon Energy Corp. $7 billion for assets in Brazil, the Gulf of Mexico and Azerbaijan, adding fields that may extend its production lead over Exxon Mobil Corp.

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Fed Shoulders AIG Japan Mortgage Losses to Ease Sale of Alico to MetLife The Federal Reserve Bank of New York and American International Group Inc. agreed to shoulder as much as $450 million in losses tied to the insurer’s Japan real estate bets as part of the sale of a division to MetLife Inc.

HSBC Private Bank Says Data Were Stolen on 15,000 Accounts in Switzerland HSBC Holdings Plc’s Swiss private bank said a former employee stole details on 15,000 existing accounts, as banking secrecy comes under growing pressure from nations keen to crack down on tax evasion.

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Obama Vows to Curb Waste, `Massive' Insurer Subsidies to Fund Health Bill President Barack Obama made his case for an overhaul of the U.S. medical system to Missouri voters, emphasizing his efforts to curb waste and fraud in government health programs.

Personalized Genetic-Based Medicine Spurred by Medco's Cost-Saving Tests Medco Health Solutions Inc., the second-biggest U.S. manager of drug benefits, is encouraging doctors to use genetic tests to determine whether drugs will work for particular patients -- saving money and reducing harm caused when prescriptions are wrong.

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Fed Shoulders AIG Japan Mortgage Losses to Ease Sale of Alico to MetLife The Federal Reserve Bank of New York and American International Group Inc. agreed to shoulder as much as $450 million in losses tied to the insurer’s Japan real estate bets as part of the sale of a division to MetLife Inc.

Hannover Re Resumes Dividends After Fourth-Quarter Profit Beats Estimates Hannover Re, Germany’s second- biggest reinsurer, plans to resume dividend payments after it reported a surge in fourth-quarter profit, helped by a rebound in investment income.

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Home Equity Lending That Fueled U.S. Consumer Spending Starts to Recover John Hale’s four-bedroom house near Seattle is worth about $2 million and is 90 percent paid for. It still took him nine months to find a bank that would give him a $250,000 home equity line of credit.

U.S. Foreclosure Filings Climb at Slowest Pace in Four Years in February U.S. foreclosure filings rose at the slowest pace in four years in February as the government sought to reduce record bank seizures, RealtyTrac Inc. said.

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FTC Said to Ask Google Rivals for Statement on AdMob, May Signal Challenge U.S. regulators are seeking sworn declarations from Google Inc. competitors and advertisers as part of their probe of the Internet company’s bid to buy AdMob Inc., indicating the government may challenge the deal, said people with direct knowledge of the matter.

Global Box-Office Sales Rose to a Record $29.9 Billion in 2009, MPAA Says Global box-office sales increased 7.6 percent to a record $29.9 billion last year, helped by 3-D movies and “Transformers: Revenge of the Fallen.”

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IATA Cuts Airline-Industry Loss Estimate by Half to $2.8 Billion on Travel Airlines worldwide will lose a collective $2.8 billion this year, half the previous forecast, as emerging markets lead a rebound in traffic, the International Air Transport Association said today.

BMW to Maintain Dividend as Full-Year Net Income Falls Less Than Estimated Bayerische Motoren Werke AG, the largest manufacturer of luxury cars, reported a smaller-than- expected decline in full-year profit and maintained its dividend to signal a recovery in the high-end market.

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