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PT Medco Energi Internasional, Indonesia's largest publicly traded oil producer, plans to raise US$100 million from selling a stake in its overseas unit to selected investors before an initial public offering. Medco will invite five private-equity firms to buy shares at the end of January, President Director Hilmi Panigoro told Bloomberg News. The pricing of the IPO, which is postponed to the fourth quarter of next year from the first, will determine the size of the stakes that the investors will get, he said. "We want to be able to do some work first to increase the valuations of the global unit before the IPO," Panigoro said in the interview in Jakarta. UBS AG is helping to sell the stakes to equity firms and the public. Indonesian oil companies are expanding outside southeast Asia's biggest crude producer to boost reserves as the country's most accessible deposits become depleted. Overseas fields will help Medco meet its target of expanding output by 15 percent a

NEW YORK - As the "open enrollment" season begins at most companies, workers need to re-evaluate their health insurance plans and other benefit offerings to determine which best satisfy their needs.

As the "open enrollment" season begins at most companies, workers need to reevaluate their health insurance plans and other benefit offerings to determine which best satisfy their needs. But studies indicate that many people allot a half-hour or less to the task, and then simply renew last year's selections without weighing the changes in their benefits or in their lives, according to Bill Mullaney, president of MetLife's institutional business. That's a problem because employees are being asked to take more responsibility for selecting -- and funding -- their benefit programs at a time the

As the "open enrollment" season begins at most companies, workers need to re-evaluate their health insurance plans and other benefit offerings to determine which best satisfy their needs.