Industries

Google China Pullout Would Be Permanent, `Burn Bridges,' Ex-Executive Says Google Inc. would probably be unable to return to China should it withdraw from the market instead of abiding by the country’s censorship laws, a former executive at the company said.

Icahn Offers to Buy All Lions Gate Shares After Movie Studio Rejected Bid Carl Icahn began a $574 million hostile offer to buy Lions Gate Entertainment Corp. after the film studio rejected his efforts to increase his stake to as much as 30 percent.

MORE 

Crude Oil Futures Drop the Most in Three Weeks as Dollar Gains Versus Euro Crude oil tumbled the most in three weeks as the dollar strengthened against the euro, curbing the appeal of commodities as an alternative investment.

Oil India, Indian Oil Said to Make Rejected $600 Million Gulfsands Offer Oil India Ltd. and Indian Oil Corp. jointly made the bid for Gulfsands Petroleum Plc that the U.K. company with assets in Syria and the Gulf of Mexico rejected yesterday, three people familiar with the matter said.

MORE 

Bernanke Says Large Bank Bailouts `Unconscionable,' Must Not Occur Again Federal Reserve Chairman Ben S. Bernanke said government bailouts of large financial firms are “unconscionable” and must be ended as part of a regulatory overhaul following the worst financial crisis since the 1930s.

Cameron Plans Bank Tax to Recoup Bailout Cost If Conservatives Win in U.K. U.K. Conservative Party leader David Cameron said he will impose a tax on banks if he wins this year’s election, as both main parties battle to convince voters they’re determined to prevent a future banking crisis.

MORE 

Democrats Are 6 Votes Short as They Move Toward Showdown Over Health Care U.S. House Democrats, who cleared a big hurdle in their effort to overhaul the health-care system by producing compromise legislation, are picking up fresh support for a showdown vote this weekend.

Obama Attacks Insurers, Lobbies for Support as House Moves to Health Vote President Barack Obama appealed for last-minute support as he and House leaders lobbied for about a half-dozen more votes to push a $940 billion overhaul of the U.S. health-care system through to passage.

MORE 

AIG Chief Benmosche's Salary Remains $7 Million This Year, Feinberg Says American International Group Inc. Chief Executive Officer Robert Benmosche, the highest-paid executive at the bailed-out insurer, will get a $7 million salary again this year, said paymaster Kenneth Feinberg.

Bernanke Asked by Congress About Friedman's Goldman Sachs Stock Purchase A House committee requested that Federal Reserve Chairman Ben S. Bernanke turn over documents related to Stephen Friedman’s purchase of Goldman Sachs Group Inc. shares while he was on the boards of both the Wall Street firm and the Federal Reserve Bank of New York.

MORE 

Allianz, Corio May Acquire Italy's Biggest Shopping Mall for $582 Million Allianz SE and Corio NV are in talks to acquire Italy’s largest shopping center for about 430 million euros ($582 million), according to three people with knowledge of the transaction.

California `Full Speed Ahead' on Build America Sales After Florida Delay California, the largest U.S. issuer of municipal debt, is pursuing its next sale of Build America Bonds, even as Florida suspended its offerings on concern that the Internal Revenue Service may block interest-cost subsidies.

MORE 

Bharti Airtel Board Said to Approve $9 Billion Bid for Zain Africa Assets Bharti Airtel Ltd., the Indian phone company planning a $9 billion purchase of Zain’s African wireless assets, intends to make a formal offer next week, after Bharti’s board today approved the bid, according to two people with knowledge of the negotiations.

Kabel Deutschland Raises $1 Billion in Germany's Biggest IPO for Two Years Kabel Deutschland Holding AG raised almost 760 million euros ($1 billion) selling shares near the low end of its price range in Germany’s biggest initial public offering in more than two years.

MORE 

British Airways Flight Attendants Strike in Bid to Halt Pay, Staffing Cuts British Airways Plc’s 12,000 cabin crew began a three-day strike to force Chief Executive Officer Willie Walsh to drop cuts to pay and staffing levels.

`Disingenuous' UPS Seeks to Change Strike-Limit Law It Backed, FedEx Says FedEx Corp. chief Fred Smith said United Parcel Service Inc. is being “disingenuous” in trying to remove FedEx workers from a strike-limiting labor law that the companies considered backing jointly almost a decade ago.

MORE