Industries

Fancl Aims to Expand Cosmetics Sales in China to Half Its Revenue by 2015 Fancl Corp., a Japanese cosmetics maker, said it expects to earn about 10 percent of its sales in China this fiscal year and use the market as a base to expand exports to half of its revenue within three to five years.

Coca-Cola Fourth-Quarter Profit Rises 55% as Sales Gain in India, China Coca-Cola Co., the world’s largest soft-drink maker, said fourth-quarter profit gained 55 percent as volume sales grew in China and India. The shares rose the most in more than five months.

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Oil Falls After Industry Report Shows Bigger-Than-Expected Supply Increase Oil fell in New York after an industry report showed crude and gasoline stockpiles in the U.S. increased last week, indicating demand from the largest energy consuming country may be weak.

India to Complete Building First Oil Storage Tank by Middle of Next Year India will complete building its first crude oil storage terminal by the middle of next year as it seeks to insulate the country against price fluctuations and ensure fuel supplies.

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Commonwealth Bank Forecasts Stronger Demand for Loans After Record Profit Commonwealth Bank of Australia, the nation’s biggest lender, forecast strengthening demand for loans and fewer bad debts after posting record profit in its fiscal first half as the financial crisis abates.

Temasek Said to Start Multibillion Investment Company With Its Own Money Temasek Holdings Pte, Singapore’s state investment firm, is setting up a wholly owned multibillion dollar investment company with its own money, three people with knowledge of the matter said.

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Gilead's Quad Pill for AIDS May Overtake Atripla Sales, COO Milligan Says Gilead Sciences Inc., the world’s biggest maker of AIDS medicines, will begin three final-stage tests in 2010 for a four-drug combination pill against HIV that has the potential to generate $4 billion a year by 2014.

Amgen's Denosumab Helps Bones of Prostate Cancer Patients More Than Rival Amgen Inc.’s experimental drug denosumab reduced the rate of fractures in patients with prostate cancer, a use that may help the drug gain a broad market as a bone-strengthening treatment.

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MetLife Said to Weigh Using $8 Billion of Stock to Fund AIG Alico Buyout MetLife Inc. may use stock to pay for more than half of the planned $15 billion purchase of an American International Group Inc. life insurance unit, said three people with knowledge of the matter.

Paulson Tells Buffett U.S. to Get `Every Penny' of Bailout Back from Banks Former Treasury Secretary Henry Paulson, responding to a question from billionaire Warren Buffett, said the U.S. government will be repaid in full for the funds it put into the country’s lenders.

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`Blind Pools' Lose Appeal as Ziman, Callahan Plan Real Estate IPO Comeback Richard Ziman and Timothy Callahan want to raise money in the equity market after selling their real estate companies for a combined $12 billion before the property crash. Investors may balk at bankrolling their return.

Terreno IPO Prices on Third Attempt After Size of Offering Reduced by 42% Terreno Realty Corp., the first U.S. company to postpone an initial public offering this year, raised $175 million in its third attempt after chopping the amount it sought by 42 percent.

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Micron to Buy Numonyx for $1.27 Billion, Bolstering Its Flash-Memory Chips Micron Technology Inc., the biggest U.S. producer of computer memory, agreed to buy Numonyx Holdings BV for about $1.27 billion, bolstering its flash-chip business.

Disney Profit Tops Analysts' Estimates on TV Gains, Stablizing Parks Unit Walt Disney Co., the world’s biggest media company, reported fiscal first-quarter profit that beat analysts’ estimates as TV revenue rose and theme-park results stabilized.

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Toyota Plant Workers Join Washington Lobbying Push Bigger Than Chrysler's Alesia Murdoch has spent 11 years building transmissions at the Toyota Motor Corp. plant in Buffalo, West Virginia. Yesterday, she got a new job: Lobbyist.

American Airlines Preserves `Asian Strategy' as JAL Opts to Keep Alliance AMR Corp.’s American Airlines preserved the Asian portion of its global network by fending off Delta Air Lines Inc.’s bid to pry Japan Airlines Corp. out of the Oneworld alliance.

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