U.S.

AIG Leads Gains in Rescued Firms on Speculation It Will Divest More Assets American International Group Inc. surged, leading gains by financial companies bailed out by the U.S. government, on speculation the insurer will sell more assets after raising $51 billion through deals.

Stocks in U.S. Advance on Anniversary of 2009 Bear-Market Low for S&P 500 U.S. stocks rose on the anniversary of the 2009 bear-market low for the Standard & Poor’s 500 Index amid speculation the economy will continue to recover from the worst contraction since the Great Depression.

Fannie Mae Mortgage-Bond Spreads Trade at Lowest on Record: Credit Markets Yields on Fannie Mae and Freddie Mac mortgage securities that guide U.S. home-loan rates fell to the lowest relative to Treasuries on record, even as the scheduled end of Federal Reserve purchases approaches.

SEC Economist Overdahl Leaving Regulator Amid Protests on Short-Sale Rules The U.S. Securities and Exchange Commission’s top economist is leaving the agency after Chairman Mary Schapiro merged his office with another and passed short- selling rules that hedge funds said ignored financial analysis.

Cisco Introduces $90,000 Router That Accelerates Video Downloads From Web Cisco Systems Inc., seeking to boost sales to phone carriers, introduced an Internet router that will let Web users download movies, songs and data faster to computers and mobile devices.

Tanker `Soap Opera' May Not End With Northrop Pass, Boeing's Albaugh Says Northrop Grumman Corp.’s decision to forgo bidding on the U.S. Air Force’s $35 billion refueling tanker program, leaving Boeing Co. without a competitor, may not mark the end of a nearly decade-long quest to replace the military’s existing fleet, a Boeing executive said.

Latin America

Colombia's Proteccion to Invest $1.3 Billion in Private Equity After Rally Proteccion SA, Colombia’s second- biggest pension fund, plans to invest 2.4 trillion pesos ($1.3 billion) in private equity in the next two years after reaching the government-set limit on stocks.

Sell Brazil Bonds Ahead of Election, Buy Mexico Debt, Bank of America Says Bank of America Corp. recommended selling Brazil’s debt before October’s presidential election and buying Mexican dollar-denominated bonds on the outlook for a U.S. economic recovery and oil revenue.

Telefonica, Vivendi, Oi Should Seek Integration in Brazil, Bernstein Says Telefonica SA, Vivendi SA and Tele Norte Leste Participacoes SA should each seek to integrate their fixed-line operations in Brazil with a local mobile-phone company, Bernstein Research said in report today.

Brazil's CSN May Spin Off Five Units to Boost Value, CEO Steinbruch Says Cia. Siderurgica Nacional SA, Brazil’s third-largest steelmaker, said it may spin off its mining, steel, energy, logistics and cement businesses. Shares rose to the highest in 20 months.

Mexico's February Consumer Prices Climb 0.58%, Topping Analysts' Forecasts Mexico’s consumer prices rose more than economists forecast in February as costs increased for housing, local phone service and onions.

Brazil Stocks Rally to Highest Since January as Steelmakers, Builders Gain Brazilian stocks rallied to the highest since January after Banco Bradesco SA said iron ore prices may almost double this year and homebuilders rallied on the outlook for higher sales.

Exclusive

Exxon Lowers Investment Bar, Buys Projects Previously Deemed Too Piddling Exxon Mobil Corp., BP Plc and Total SA are investing in assets that previously weren’t worth their time or money after oil-rich nations reduced access to reserves and exploration drilling faltered.

`Cinderella' Wine Valley Razed by Chile Quake Signals Bankrupt Vineyards Chile’s strongest earthquake in 50 years may bankrupt smaller winemakers after vines collapsed, casks broke apart and millions of liters were spilled, a former Goldman Sachs Group Inc. banker-turned-winemaker said.

City of London Developers to Start Skyscrapers as Rents End Two-Year Drop Brookfield Asset Management Inc., owner of a stake in the U.K.’s tallest building, is about to start constructing an even higher tower in the City of London.

Cadillac Plays Down GM Ties to Avoid Bankruptcy Stigma, Craft Own Identity Cadillac, the luxury brand General Motors Co. acquired in 1909, is distancing itself from the Detroit-based automaker to avoid the stigma of the parent company’s $50 billion U.S.-backed bankruptcy last year.

Pound's Slide to Help U.K. Outpace Euro Economies, Goldman's Nielsen Says The pound’s drop last week to a 10- month low may help the U.K. economy grow faster than the region sharing the euro, which is hobbled by budget deficits and aging populations, according to Goldman Sachs Group Inc.

Gates $44 million Ethanol Loss Before Rebound Means More Profit for Valero Ethanol, the commodity that cost Bill Gates more than $44 million the last time prices collapsed, is poised to rally as much as 20 percent as the fastest drop since 2008 spurs demand.