Industries

Wal-Mart Considers First Hong Kong Yuan Bond Sale, Asia Chief Price Says Wal-Mart Stores Inc., the world’s largest retailer, is considering selling yuan bonds in Hong Kong as China opens its markets, according to Asia Chief Executive Officer Scott Price.

Nike Rises After Third-Quarter Profit More Than Doubles, Topping Estimates Nike Inc., the world’s largest maker of athletic shoes, jumped to its highest level in more than 27 years in U.S. trading after reporting third-quarter profit that more than doubled and exceeded analysts’ estimates.

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Oil Falls for a Second Day on Declining U.S. Fuel Demand, Stronger Dollar Crude oil dropped for a second day in New York amid concern fuel demand in the U.S., the world’s biggest energy consumer, was slipping and as a firmer dollar damped the investment appeal of commodities.

Deutsche Hires Mitsubishi Executive Yamaguchi to Boost Tokyo Commodities Deutsche Bank AG, Germany’s biggest bank, hired the president of Mitsubishi Corp.’s fuel-trading unit, Kenichiro Yamaguchi, to meet growing demand from Japanese power utilities for hedging commodities against price swings.

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Dai-ichi Pricing at Premium to T&D, Discount to Sony in 2010's Biggest IPO Dai-ichi Mutual Life Insurance Co.’s initial public offering, the biggest in Japan since 1998, will value the company’s shares right between its two largest competitors.

RBS Cuts Loans to Clean Energy Companies in Snub to Brown's Green Goal Royal Bank of Scotland Group Plc, historically the biggest commercial lender for renewable energy projects, has scaled back loans to the industry since the U.K. government bailed out the company in 2008.

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Teva Gets `Last Ticket' to German Generic-Drug Market With Ratiopharm Deal A lack of options for achieving growth goals outside the U.S. spurred Teva Pharmaceutical Industries Ltd. to outbid Pfizer Inc. for Ratiopharm GmbH.

Supporters of Glaxo's Avandia Had Financial Ties to Drugmaker, Study Says Most scientists who published articles supporting GlaxoSmithKline Plc’s diabetes drug Avandia after it was linked to heart disease in 2007 had financial ties to the company, according to a Mayo Clinic report.

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Health Bill to Cost $940 Billion, Cut Deficit Over a Decade, Democrats Say Democrats got a boost in their effort to enact the most sweeping U.S. health-care legislation in four decades when congressional budget experts said the $940 billion bill would cut the federal deficit.

Republicans Lose Attempt to Force Up-or-Down Vote on Health Care Overhaul U.S. House Democrats defeated an effort by Republicans to force an up-or-down vote on a Senate health-care overhaul bill amid criticism Democrats are trying to avoid a politically tough ballot.

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Starwood-Led Group to Invest Up to $905 Million in Extended Stay Debt Deal Starwood Capital Group is leading investment partners pledging as much as $905 million to bring Extended Stay Hotels Inc. out of bankruptcy, a deal that would trump a previous offer led by Centerbridge Partners LP.

General Growth Plans to Submit a New Reorganization Proposal, Lawyer Says General Growth Properties Inc. will submit by next week a new proposal to reorganize its holding company that would give it more than $6 billion in cash and another $250 million to back a rights offering. It also won permission to reorganize five property-owning units.

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Google May Shut Down Chinese Unit on April 10, China Business News Reports Google Inc. may pull out of China on April 10, China Business News reported today, citing an unidentified Chinese sales agent for the company.

Samsung Aims for Higher Profit, `Double-Digit' Revenue Growth This Year Samsung Electronics Co., Asia’s biggest maker of chips, flat screens and mobile phones, said it aims to post higher operating profit this year than in 2009.

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Toyota Seeks ABC News Retraction of `Irresponsible' Report on Acceleration Toyota Motor Corp. asked U.S. broadcaster ABC News to retract and apologize for an “irresponsible” report aired last month suggesting electronics as the cause of sudden acceleration in its cars.

Ford's Mulally Cites Volvo Progress as Geely's Li Sees `Very Tough' Talks Ford Motor Co. Chief Executive Officer Alan Mulally said talks to sell the automaker’s Volvo unit to Zhejiang Geely Holding Group Co. are proceeding, while the chairman of the Chinese company raised doubts about a deal.

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