P&G's McDonald Stakes Growth on Selling Closer Shaves Than a Mumbai Barber Procter & Gamble Co.’s Bob McDonald is going undercover in Latin America next week.

Berkowitz Gets `Long Leash' at Fairholme Fund to Pursue General Growth Bid Bruce Berkowitz’s bid to help take mall owner General Growth Properties Inc. out of bankruptcy isn’t the first time the manager of the $11.2 billion Fairholme Fund has strayed from conventional mutual-fund investing.

Nomura Said to Hire Puritz of Deutsche Bank as Convertibles Chief for U.S. Nomura Holdings Inc., Japan’s biggest brokerage, hired David Puritz, head of U.S. convertible bond trading at Deutsche Bank AG, to run the business in New York, two people familiar with the situation said.