LONDON - Fees earned for investment banking services rose 7 percent in 2014, representing a seven-year high, as bankers handled the greatest value of mergers and acquisitions (M&A) since 2007.
LONDON/HONG KONG - Bankers responsible for floating companies and selling new shares into the market will enjoy a well-earned rest this Christmas after their busiest year since 2007, having notched up business worth almost $865 billion in the last 12 months.
WASHINGTON - Raytheon Co has won a contract valued at $491 million to continue production of its Advanced Medium Range Air to Air Missiles (AMRAAM) for the U.S. Air Force, the Pentagon announced Monday.
- Goldman Sachs Group Inc has sold its controversial metals warehousing business to Swiss private equity group Reuben Brothers, the Wall Street bank said on Monday.
- Procter & Gamble Co said it would sell its soap brands Camay and Zest to Unilever Plc for an undisclosed amount to focus on its faster-growing brands.
MOSCOW - The ambitions of Kremlin-controlled oil champion Rosneft to boost its global reach have been reined in by U.S. authorities, which torpedoed its acquisition of a Morgan Stanley oil trading business.
FRANKFURT - Germany's Gerry Weber has agreed to buy fashion group Hallhuber and announced on Monday plans to return to the menswear market as part of its expansion strategy.
- Carlyle Group LP and Warburg Pincus LLC said they would buy DBRS Ltd, the world's fourth-largest credit rating agency, in partnership with a consortium of Canadian investors including the firm's founder.
PARIS - CNP Assurances said on Monday it was selling to Barclays Bank its 50 percent stake in CNP Barclays Vida Y Pensiones (CNP BVP), for 453 million euros ($555 million) including a special dividend.
WASHINGTON - Eli Lilly and Co has won approval to buy Novartis AG's animal health unit on condition that it divests its Sentinel line of products for treating heartworm in dogs, the Federal Trade Commission said on Monday.
Regardless what voters decide in the November elections, there will be a major changing of the guard next year in the U.S. Congress as result of a number of key retirements.