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.

U.S. Stocks Advance on Anniversary of S&P 500 Index's 2009 Bear-Market Low 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.

Citigroup Plans $2 Billion TruPS Sale After Repaying U.S.: Credit Markets Citigroup Inc., seeking to bolster capital after repaying bailout funds to the Treasury, is selling trust preferred securities as rising investor demand drives borrowing costs to near the lowest in almost five years.

Bank Capital Rules Should Limit Use of Credit-Default Swaps, Gensler Says Regulators should restrict banks’ use of credit-default swaps to prevent their capital requirements from falling to the “dangerously low levels” reached during the financial crisis, Commodity Futures Trading Commission Chairman Gary Gensler said.

Hedge Funds Return 0.5% in February as Stocks Recover, U.S. Rates Stay Low Hedge funds returned 0.5 percent in February, led by North American managers, as global stock markets rose on signs of recovery in corporate earnings and U.S. interest rates are likely to remain low, Eurekahedge Pte said.

Abbott to Buy Facet for $450 Million to Add Experimental Cancer Medicines Abbott Laboratories, maker of the arthritis drug Humira, agreed to buy Facet Biotech Corp. for $27 a share in cash, for a net $450 million, adding experimental medicines in cancer and immunology.

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.

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'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.

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.

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.

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.