Industries

SABMiller's China Venture Will Pursue Acquisitions, Boost Brewery Capacity SABMiller Plc and its Chinese partner, which make the country’s best-selling beer, will pursue acquisitions and increase production capacity to boost growth in the world’s most populous nation.

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.

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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 $600 Million Bid That Gulfsands Spurned 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 last week, three people familiar with the matter said.

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Bernanke Says Large Bank Bailouts `Unconscionable,' Must Not Occur Again Federal Reserve Chairman Ben S. Bernanke said government bailouts of big financial companies 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.

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Obama Rallies U.S. House Democrats as Leaders Predict Health-Care Victory President Barack Obama pressed House Democrats to give final approval to health-care legislation he called “the toughest insurance reforms in history” as party leaders predicted they would have the votes to pass the sweeping overhaul today.

Lobbying Groups Target Undecideds in Final Hours of Health-Overhaul Debate Groups on both sides of the health- care debate took to the airwaves, the phones and the streets to try to woo a small number of lawmakers in advance of tomorrow’s landmark vote in the U.S. House.

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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.

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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.

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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 this week, after Bharti’s board yesterday 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.

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British Airways Cabin-Crew Strike Enters Second Day Over Pay, Job Dispute British Airways Plc entered the second day of a strike by 12,000 cabin crew attempting to force Chief Executive Officer Willie Walsh to drop cuts to pay and staffing levels after saying it made a “good start” at operating on the first day.

`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.

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