Industries

San Miguel Plans $1 Billion in Asset Sales to Finance Expansion, Ang Says San Miguel Corp., the Philippines’ biggest food and drinks maker, plans to raise $1 billion selling stakes in its food, packaging and liquor businesses to fund growth and acquisitions.

Fast Retailing May Make More Sales Overseas in Four Years, Chairman Says Fast Retailing Co., Asia’s biggest clothing retailer, expects overseas sales to overtake domestic revenue in as soon as four years, driven by expansion of its Uniqlo stores in China and South Korea.

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Crude Oil Trades Near $82 in New York, OPEC Signals It Won't Boost Output Crude oil was little changed near $82 a barrel after gaining on the dollar’s decline and as OPEC ministers indicated they would refrain from raising production.

Oil Is Poised to Break Resistance, Test $90 a Barrel: Technical Analysis Crude oil may head toward $90 a barrel if it breaks a resistance level at $82, according to a technical analysis by Auerbach Grayson, a brokerage in New York.

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`Pink Slip Party' Host Has $2.2 Million Payday as Tokyo Bankers Find Jobs Soichiro “Swimmy” Minami parlayed a get-together for laid-off bankers into a $2.2 million paycheck in less than a year.

Hartford Financial Will Sell Stock, Debt to Repay $3.4 Billion of TARP Aid Hartford Financial Services Group Inc., the bailed-out insurer that hired a new chief executive officer last year, plans to sell shares and debt to raise funds to repay its $3.4 billion U.S. rescue.

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Cancer Cost More Than Doubled in 40-Year War as Deaths Declined 16 Percent The rising cost of cancer research and care, which helped reduce death rates by 16 percent over 40 years, is straining the U.S. health system and needs to be restrained, commentators said in a special edition of the Journal of the American Medical Association.

Lilly Says Thieves Stole $75 Million in Drugs From Connecticut Warehouse Eli Lilly & Co. said drugs valued at $75 million were stolen early March 14 after thieves cut a hole in the roof of a Connecticut warehouse, rappelled in and disabled the security system.

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Korea Life Insurance Rises on Debut After $1.6 Billion Initial Share Sale Korea Life Insurance Co. surged as much as 11 percent on its first day of trading in Seoul after pricing the nation’s biggest initial public offering in four years at 25 percent below the top of its planned price range.

Insurers' 2010 Natural-Disaster Costs May Hit $110 Billion, Swiss Re Says Natural disasters may cost insurers as much as $110 billion worldwide in 2010, five times more than last year when the U.S. escaped hurricane damage, Swiss Reinsurance Co. said.

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Simon Property Said to Plan Revised Bid for Bankrupt Rival General Growth Simon Property Group Inc., the largest U.S. mall owner, is preparing a revised bid for its biggest rival, General Growth Properties Inc., to be presented within a week, according to a person with knowledge of the plan.

Luxury Hotels Boost Room Rates on Rising Demand for Butlers, Ocean Views Julian Saipe is finally taking his family on the dream vacation he put off amid last year’s recession. Apparently, so are plenty of other people.

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Google China Fate May Be Decided This Month as Web Licenses Up for Review Google Inc.’s fate in China may be decided this month as Internet-service licenses come up for renewal amid growing speculation that a censorship dispute with the government will drive the U.S. company from the country.

Tiger Woods's Return to Masters Golf May Attract Record Audience for CBS Tiger Woods’s return to golf for the Masters Tournament in April may attract record viewership to the CBS telecast, according to a media analyst.

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Toyota's Premium Pricing Power Evaporates in China After Gas Pedal Recall Drivers in China are no longer in a hurry to own Toyota Motor Corp.’s cars.

Qantas's Jetstar Expects Lower Costs as Demand, New Routes Boost Traffic Jetstar, Qantas Airways Ltd.’s budget airline unit, expects to further reduce costs as rising Asian travel demand and new routes boost traffic.

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