Apr 30, 2008

Grain-processing giant Archer-Daniels-Midland yesterday reported a 42% year-to-year increase in quarterly profit,

John McCain rejected calls by his Democratic opponents for universal health coverage, instead offering a market-based solution with an approach similar to a proposal put forth by President Bush last year.

Credit Suisse said Tuesday that it has hired Norman Y. Mineta, the former Transportation secretary, as a senior adviser for infrastructure and transportation projects and deals.

The drop in private equity fees is much steeper. Fees from advising and providing the loans for buyout deals have fallen a whopping 74 percent from last year. While all the top banks have seen private equity fees drop by at least 70 percent, some have gotten hit especially hard.

So far this year, the amount of investment-banking fees generated from all deals worldwide — both strategic and private equity transactions — has fallen 40 percent, according to Dealogic’s calculations. The number of deals has declined only 19 percent, though, suggesting that the deals are getting smaller and so don’t throw off the same volume of fees as the larger ones.