Industries

Retail

Hershey Authorizes Cadbury Bid to Challenge Kraft Hostile Offer, FT Says Hershey Co. authorized a bid for Cadbury Plc to be drawn up after the matter was debated internally, the Financial Times reported, citing a person familiar with the matter.

Kraft Full-Year Earnings Beat Forecast, Meet Analysts' Average Estimate Kraft Foods Inc. said full-year earnings beat its forecast and reiterated that the company can deliver “top-tier performance” with or without a takeover of U.K. chocolate maker Cadbury Plc.

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Energy

Oil Trades Below $80 After Falling on Gain in U.S. Crude, Fuel Stockpiles Oil traded near $80 a barrel in New York after declining on a government report showed that supplies of crude and fuels increased as demand dropped in the U.S., the world’s biggest energy consumer.

Total Says Strike by Refinery Workers in France Has No Significant Impact Total SA, Europe’s biggest oil refiner, said a strike by workers in France hasn’t had a “significant” impact on operations.

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Finance

Blankfein Response on Firm's Role in Crisis `Troublesome,' Angelides Says Lloyd Blankfein, the head of Goldman Sachs Group Inc., failed to own up to his firm’s role in selling mortgage securities that helped trigger the global credit crisis, said the chairman of the panel investigating the financial meltdown.

Bank of America Said to Cut Cash Portion of Bonuses to 15% Amid Criticism Bank of America Corp., the biggest U.S. lender, plans to cut the cash component of investment bankers’ bonuses to about 15 percent as politicians seek to rein in the payouts, four people familiar with matter said.

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Health Care

Genzyme Investor Whitworth Suggests Sale of Some of Drugmaker's Businesses Genzyme Corp., the world’s largest maker of genetic disease drugs, should sell businesses that don’t focus in that area, said Ralph Whitworth, the head of Relational Investors LLC.

Obama Seeks to Resolve U.S. Lawmakers' Differences Over Health Care Bills President Barack Obama moved to resolve differences over final health-care legislation between the House and Senate by hosting more than five hours of White House talks with top congressional Democrats.

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Insurance

Haiti Prime Minister Says `Well Over' 100,000 May Be Dead After Earthquake Haitian Prime Minister Jean-Max Bellerive said “well over” 100,000 people may have died in yesterday’s earthquake, as the United Nations and relief groups rushed aid to the Western Hemisphere’s poorest country.

Citigroup's Haitian Headquarters Collapses, Bank Seeks Fate of 44 Workers Citigroup Inc., the U.S. bank that operates in more than 100 countries, said its headquarters in the Haitian capital of Port-au-Prince collapsed in yesterday’s earthquake, injuring its top executive in the nation.

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Real Estate

Stuyvesant Town Lenders Said to Consider Foreclosure After Missed Payment Stuyvesant Town and Peter Cooper Village debt holders demanded payment from Tishman Speyer Properties LP and BlackRock Inc. within 10 days, a step toward foreclosing for New York’s largest apartment complex, said two people familiar with the matter.

Colonial Freezes $785 Million Mortgage Fund on Signs of Potential Default Colonial First State, Australia’s biggest asset manager, froze an A$850 million ($785 million) mortgage income fund to withdrawals after signs some of the commercial property loans may sour.

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Technology

China's Censorship Policy May Force Google to Shutter Local Search Engine China is unlikely to allow Google Inc. to provide uncensored Internet search results, potentially forcing the company to close its operations in the country, two people familiar with the matter said.

Google May Trade Nexus One Sales for Free Speech in Standoff With China Google Inc.’s decision to stop censoring search-engine results in China and potentially shut down its local Web site may prevent it from selling its new mobile phone in the world’s largest market.

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Transportation

Mulally Turns Rock Star at Auto Show as Ford's Comeback Takes Center Stage Ford Motor Co. Chief Executive Officer Alan Mulally, whose company gained market share in the U.S. last year while his domestic rivals went bankrupt, is the toast of the North American International Auto Show this week.

Wilbur Ross Calls for New U.S. `Cash-for-Clunkers' Program to Spur Economy Wilbur Ross Jr., the billionaire investor whose holdings include auto suppliers, said the U.S. government should introduce “tomorrow” another car-buying incentive program to stimulate the economy and create jobs.

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