Industries

Kamps Said to Plan IPO to Raise as Much as $678 Million to Fund Expansion Heiner Kamps Beteiligungsgesellschaft mbH, the owner of Europe’s biggest seafood restaurant chain, plans to raise as much as 500 million euros ($678 million) in an initial public offering to finance expansion, according to two people familiar with the process.

Kroger Fourth-Quarter Profit Declines as Health-Care, Labor Expenses Rise Kroger Co., the largest U.S. grocery-store chain, projected full-year earnings lower than analysts estimated and said fourth-quarter profit fell 27 percent as health-care and labor costs advanced.

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Oil Declines for the First Time in Three Days as Dollar Gains Versus Euro Crude oil declined for the first time in three days as the dollar gained against the euro, reducing the appeal of commodities as an alternative investment.

Chevron to Sell Pembroke Refinery in U.K., Cut 2,000 Jobs Through 2011 Chevron Corp., the second-largest U.S. energy company, plans to sell its only remaining European refinery, cut 2,000 jobs and shed assets in the Caribbean and Central America to stanch losses from its fuel-making business.

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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.

Eaton Vance Dumps Dirt Bonds Worth 30 Cents on Dollar as Districts Default Thomas Metzold, Eaton Vance Corp.’s co-head of municipals, sold all his defaulted bonds of Tison’s Landing, an unfinished housing development in Jacksonville, Florida, as the debt fell to a third of face value last year.

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OSI Bid Likely to Increase as Hungry Astellas Covets Cancer Drug Revenues OSI Pharmaceuticals Inc.’s status as one of the few U.S. biotechnology companies with income from an approved cancer drug likely will drive up the price Tokyo-based Astellas Pharma Inc. must pay to acquire it.

Sanofi-Aventis, Merck to Combine Animal Health Units to Form Global Leader Sanofi-Aventis SA and Merck & Co. will combine their veterinary medicine units to create the world’s largest animal health business with combined sales of more than $5 billion and 14,000 employees.

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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.

Obama, Sebelius Take Aim at Insurers in Bid to Sway Public on Health Plan President Barack Obama and his top health official are stepping up attacks on the nation’s insurers in an effort to sway public opinion and persuade lawmakers to back U.S. health-care legislation.

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General Growth Backers Add $3.9 Billion to Boost Brookfield's Revival Plan General Growth Properties Inc. said its biggest debt and equity holders offered to jointly invest $3.93 billion in the company, bolstering a plan with Brookfield Asset Management Inc. to bring the mall owner out of bankruptcy.

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.

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Verizon Wireless to Show NFL Games on Handsets as Part of Four-Year Deal Verizon Wireless won an agreement to show live National Football League games on its mobile phones, expanding its video offerings to lure smartphone customers away from rivals.

Cisco Introduces Faster Router That Accelerates Video Downloads from Web Cisco Systems Inc., the world’s biggest network-equipment maker, will start selling a router that it says will accelerate the speed of data and video downloads on the Internet.

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EADS Says U.S. Air Force Tanker-Bid Retreat Final, Won't Seek New Partner European Aeronautics, Defense & Space Co. Chief Executive Officer Louis Gallois said his decision to abandon the $35 billion U.S. Air Force Tanker bid is final, as some European politicians suspected local favoritism.

Morgan Stanley Said to Hire Credit Suisse's Pearson for Europe Car Reports Morgan Stanley has hired Credit Suisse’s Stuart Pearson to head its European automobile equity research team in London, according to two people familiar with the situation.

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