Industries

German Exports Unexpectedly Slumped in January, Erasing December's Jump German exports unexpectedly slumped in January, erasing December’s jump and ending a four-month streak of gains.

Greek Financial Crisis Is `Over,' Rest of Euro Region Is Safe, Prodi Says The worst of Greece’s financial crisis is over and other European nations won’t follow in its path, said former European Commission President Romano Prodi.

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Crude Oil Trades Little Changed, Paring Loss as Dollar Gives Up Advance Oil pared a loss of as much as 0.5 percent and traded little changed after the dollar gave up some of its gains against the euro.

China's Crude Oil Purchases Jump, Becomes Net Fuels Importer in February China, the world’s fastest-growing major economy, turned a net importer of fuel in February after exporting more oil products than it bought for two months as demand from factories rose and exports of goods surged.

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Apollo Said to Triple Property Assets With Buy of Citigroup Investing Unit Apollo Management LP agreed to buy Citigroup Inc.’s real estate investment unit in a move that will more than triple the value of the private-equity firm’s property assets, a person with knowledge of the deal said yesterday.

AIG's `Money in the Door' Asset Sales Reap $3.2 Billion for Bondholders American International Group Inc. bondholders reaped at least $3.2 billion after the bailed-out company announced deals to sell its two largest non-U.S. life insurance divisions for $51 billion.

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Abbott to Buy Facet for $27 a Share, 54% More Than Biogen's Rejected Offer Abbott Laboratories, maker of the arthritis medicine Humira, succeeded in its bid for Facet Biotech Corp. by offering 54 percent more than Biogen Idec Inc. in its rejected takeover effort.

J&J Pushed Drug's Sale to Elderly After U.S. Warned of False Safety Claims Johnson & Johnson made plans to reach $302 million in geriatric sales for its antipsychotic Risperdal just months after federal regulators said the company falsely claimed the drug was safe and effective with the elderly, according to internal documents.

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AIG Climbs on Speculation Bailed-Out U.S. Insurer May Divest More Assets American International Group Inc., the insurer rescued by the U.S., climbed for a fourth day, jumping 17 percent, on speculation the firm may sell more assets after announcing deals to divest two units for $51 billion.

MetLife Chief Henrikson Eclipses Benmosche After Vow Not to Waste Crisis MetLife Inc. Chief Executive Officer Robert Henrikson, who vowed not to waste the financial crisis, will control a larger overseas life insurance operation than his old boss after agreeing to pay $15.5 billion for a unit of American International Group Inc.

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Apollo Said to Triple Property Assets With Buy of Citigroup Investing Unit Apollo Management LP agreed to buy Citigroup Inc.’s real estate investment unit in a move that will more than triple the value of the private-equity firm’s property assets, a person with knowledge of the deal said yesterday.

China's Property Prices Surge Most in 23 Months, Highlight Bubble Risk China’s property prices rose at the fastest pace in 23 months in February, adding urgency to the government’s efforts to rein in speculation and increase the stock of affordable housing.

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China Mobile Agrees to Buy 20% of Pudong Development Bank for $5.8 Billion China Mobile Ltd., the world’s biggest phone company by market value, agreed to buy 20 percent of Shanghai Pudong Development Bank Co. for 39.8 billion yuan ($5.8 billion) to expand its electronic payment business.

Fujitsu Investors Renew Calls for More Information Over Nozoe Controversy Fujitsu Ltd. drew renewed calls from investors to shed more light on the departure of former President Kuniaki Nozoe after the Tokyo Stock Exchange ended a probe into the conflicting reasons given by the company.

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British Airways-American Airlines-Iberia Alliance Concessions Tested by EU British Airways Plc, AMR Corp.’s American Airlines and Iberia Lineas Aereas de Espana SA offered to give up takeoff and landing slots in the U.S and U.K. to win approval for their proposed trans-Atlantic alliance, the European Commission said today.

Toyota's `Bargains' May Boost U.S. Sales 30% in March, Edmunds.com Says Toyota Motor Corp., battling a two- month slide in U.S. sales amid recalls of millions of vehicles, may rebound this month after introducing an incentive campaign, Edmunds.com said.

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