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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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.

Ineos Shuts Unit at French Refinery, Plans Work at U.K. Grangemouth Plant Ineos Group Holdings Plc, the U.K.’s biggest chemicals company, halted a diesel unit at its Lavera oil refinery in France for maintenance and plans work on two processors at its U.K. plant.

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Dodd to Offer Financial-Rules Bill in Sign Talks With Republicans Failing Senate Banking Committee Chairman Christopher Dodd said he will release his version of legislation to overhaul financial rules, signaling that talks on a compromise with Republican Bob Corker have collapsed.

Goldman Sachs Internal Hedge Fund Head Flamand Said to Leave to Start Firm Pierre-Henri Flamand, the head of Goldman Sachs Group Inc.’s largest internal hedge fund, is retiring from the world’s most profitable securities firm to start a hedge fund, according to three people with knowledge of his plans.

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Congressional Leaders Agree on Language for Obama's Health-Care Overhaul U.S. House and Senate leaders have agreed on legislative language to implement President Barack Obama’s proposed changes to the Senate’s health-care measure, House Democratic Whip James Clyburn told reporters.

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 Loans That Fueled U.S. Consumer Spending Make `Modest' Rebound 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.

Foreclosures in U.S. Rise at Slowest Pace in Four Years on Modifications 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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Drugstore.com CEO Lepore Sees Takeovers After `Permanent' Consumer Shift Drugstore.com Inc. Chief Executive Officer Dawn Lepore said she will pursue acquisitions to boost growth in the company’s main businesses of vitamins, vision and beauty products.

Elle Publisher Lagardere Falls Most in 10 Months After Media Profit Slides Lagardere SCA, the publisher of Elle magazine and the “Twilight” series of vampire-themed novels, fell the most in a year after reporting 2009 profit that missed analysts’ predictions.

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Chrysler in Hibernation Means Marchionne May Have to Wait on Fiat Spinoff Fiat SpA, the Italian carmaker that helped Chrysler Group LLC emerge from bankruptcy, may wait to turn around the U.S. business before deciding on a share sale or spinoff for its automotive division.

Airline-Loss Estimate Cut 50% to $2.8 Billion as Industry Sees Travel Gain Airlines worldwide will lose a collective $2.8 billion in 2010, half the previous forecast, as emerging markets lead a rebound in traffic, the International Air Transport Association said.

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