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Filtration equipment manufacturer Pall Corp. says it has agreed to sell certain operations and equipment used in blood transfusions to health care company Haemonetics Corp. for $550 million.

The deal announced Sunday calls for Haemonetics to receive blood collection, filtration and processing systems and equipment, along with manufacturing facilities in California, Mexico and Italy from Pall.

Some of Pall’s assets in Puerto Rico are also included.

About 1,300 Pall employees will be transferred to Haemonetics as part of the deal payday loans guaranteed no fax.

Pall expects to record an after-tax gain of $230 million to $240 million, or $1.95 a share to $2.04 a share on the sale.

The deal is expected to close at the start of Pall’s 2013 fiscal year. The current fiscal year ends July 30.

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Oil prices hovered above $104 a barrel Wednesday in Asia after a report showed U.S. crude supplies jumped more than expected for a fourth week, suggesting demand remains weak.

Benchmark oil for May delivery was up 17 cents to $104.37 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose $1.27 to settle at $104.20 in New York on Tuesday.

Brent crude for June delivery was down 34 cents at $118.44 per barrel in London.

The American Petroleum Institute said late Tuesday that crude inventories rose 3.4 million barrels last week while analysts surveyed by Platts, the energy information arm of McGraw-Hill Cos., had predicted an increase of 400,000 barrels.

Inventories of gasoline fell 2.6 million barrels last week while distillates tumbled 2.4 million barrels, the API said.

The Energy Department’s Energy Information Administration reports its weekly supply data later Wednesday.

Crude has traded above $100 most of this year as an improving U.S. economy has bolstered investor confidence. However, crude demand has remained tepid.

“We look for a sizable U.S. crude supply surplus during the coming months to take some steam out of crude strength,” energy trader and consultant Ritterbusch and Associates said in a report guaranteed fast personal loans. “We still see fresh lows to below the $100 mark by next week.”

On Tuesday, President Barack Obama urged Congress to give oil market regulators more muscle to deter price manipulation by speculators amid rising gasoline prices.

Obama called on Congress to strengthen federal supervision of oil markets, increase penalties for market manipulation and empower regulators to increase the amount of money energy traders are required to put behind their transactions.

“Although President Obama’s comments on oil price regulation will occupy much headline space, it shouldn’t have much impact on oil pricing over the near term,” Ritterbusch said.

In other energy trading, heating oil was down 0.1 cents at $3.13 per gallon and gasoline futures slid 0.5 cents at $3.17 per gallon. Natural gas rose 0.2 cents at $1.95 per 1,000 cubic feet.

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Six world powers and Iran are meeting in an attempt to find common ground over concerns that Tehran’s nuclear program could be used to make weapons.

Iran insists it has no such ambitions, but the international community fears it could use its uranium enrichment program not only to make reactor fuel but also the fissile core of nuclear weapons.

After years of futile meetings, both sides have expressed optimism that enough progress could be achieved this time for a second round of talks business card.

The six _ the United States, Russia, China, Britain, France and Germany _ hope Iran will commit to at least discussing their concerns over its enrichment program on Saturday. That is something Tehran has refused to do during the most recent meetings.

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China watchers got a mixed view over the weekend of the country’s all-important manufacturing sector.

China’s government reported that manufacturing expanded in March, while a closely-watched private report said factories struggled with poor demand for their products.

The National Bureau of Statistics said Sunday that its official index of purchasing managers’ sentiment rose to 53.1 in March from 51 in February. Any reading above 50 indicates expansion in the sector.

The March report marked the fourth consecutive monthly increase and the index’s highest reading in a year.

At the same time, banking company HSBC issued a report that showed factory output fell in March for the fourth time in five months.

"Factory output was reduced largely in response to lackluster demand from domestic and external markets," the HSBC report said on line pay day loans.

The contrasting reports follow a pattern of recent months, as the two indexes have diverged.

Investors and analysts have been concerned that China’s extraordinary growth may be slowing too quickly.

Chinese Premier Wen Jiabao rattled investors recently when he said that China’s new gross domestic product growth forecast for 2012 is 7.5%, down from an earlier prediction of 8%.

A "hard landing" by China could ripple throughout the world. Troubles in Europe, the largest market for China’s goods, have intensified fears about a China slowdown.

Of course, China’s growth far exceeds what many developed countries are experiencing. China’s GDP rose 9.2% last year, while the U.S. economy grew 1.7%.  

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Payrolls in the U.S. probably increased by more than 200,000 workers in March for a fourth consecutive month as companies became more optimistic about the outlook for growth, economists said before a report this week.

Employment rose by 205,000 after climbing by 227,000 in February, according to the median projection of 54 economists surveyed by Bloomberg News. The last time hiring advanced at a similar pace and period was in late 1999-early 2000. The jobless rate probably held at a three-year low of 8.3 percent.

The pickup in hiring has boosted consumer confidence to a four-year high, raising the odds that gains in household spending, which accounts for 70 percent of the economy, can be sustained. The improvement in the job market may also help Americans weather the rising cost of gasoline, which Federal Reserve Chairman Ben S. Bernanke said posed a risk to growth.

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Futures traders are pricing in the biggest increase in U.S. equity hedging costs since 2010 after the Standard & Poor

Canada’s prime minister heads to China next week where he’ll discuss Canada’s vast oil reserves in a visit that’s being viewed as an “open warning” to the United States, which rejected a pipeline from Canada to Texas.

Prime Minister Stephen Harper will be in Beijing and two other cities for bilateral meetings with top Chinese officials, including President Hu Jintao and Premier Wen Jiabao, from Feb. 8-11.

Andrew MacDougall, Harper’s spokesman, said Friday it is “absolutely in Canada’s interests” to move the country’s resources to China.

Five Cabinet ministers, including the ministers of natural resources, trade and foreign affairs will make the trip with Harper.

Harper is determined to build a pipeline to Canada’s Pacific Coast after U.S. President Barack Obama rejected the Keystone XL pipeline that would have taken oil from Alberta to refineries in Texas.

Ninety-seven percent of Canadian oil exports now go to the U.S and Harper is eager to diversify. Canada is increasingly looking to China, thinking America doesn’t want a big-stake share in what environmentalists call “dirty oil,” which they say increases greenhouse gas emissions.

Canada has the world’s third-largest oil reserves after Saudi Arabia and Venezuela: more than 170 billion barrels. Daily production of 1.5 million barrels from the oil sands is expected to increase to 3.7 million by 2025, which the oil industry sees as a pressing reason to build the pipelines.

Harper told Obama he was “profoundly disappointed” that he rejected the Keystone XL pipeline. The pipeline has become a hot topic in the U.S. presidential election. Republican presidential candidates Newt Gingrich and Mitt Romney have both promised to approve the pipeline.

After Obama first delayed a decision on the Keystone pipeline in November, Harper told the Chinese president at the Pacific Rim summit in Hawaii that Canada would like to sell more oil to China, and the Canadian prime minister filled in Obama on what he said instant credit report.

Wenran Jiang, an energy expert and professor at the University of Alberta, said Canada is using China as leverage.

He said Harper’s visit is an explicit warning to the U.S.

“It’s a not a subtle warning. It’s an open warning,” Jiang said. “Harper has said Keystone was a wake-up call.”

Jiang said Washington will be paying attention to the trip but he said a number of factors make U.S. officials less worried than a few years ago when China’s intentions in Canada’s oil sector weren’t as clear as they are now.

Jiang said U.S. officials no longer fear that the Chinese are investing in Canada to lock up the supply and ship it back to China. But Jiang said that doesn’t prevent Republicans like Gingrich and Romney from raising fears that the U.S. is losing energy security.

David Goldwyn, a former energy official in the Obama administration, has said he sees no threat from Chinese inroads into Canada because there is more than enough oil for all concerned.

China’s growing economy is hungry for Canadian oil. Chinese state-owned companies have invested more than $16 billion in Canadian energy in the past two years. State-controlled Sinopec has a stake in Enbridge’s proposed Pacific pipeline, and if it is built, Chinese investment in Alberta oil sands is sure to boom.

Zhang Junsai, China’s ambassador to Canada, has said Harper’s visit will help forge a “win-win” natural resource partnership with Canada to help his country’s expanding economy meet its voracious energy needs.

Forty Canadian business leaders will accompany Harper on the trip.

Relations between the countries have improved since Harper’s first visit in 2009 when Premier Wen publicly chided Harper for taking so long to visit China. Harper has since changed Canada’s hardline stance on human rights.

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