Hamish Maxwell, who steered Philip Morris Cos. in its 1985 purchase of General Foods Corp. and 1988 takeover of Kraft Inc., milestones in transforming the tobacco company into a consumer products conglomerate, has died. He was 87.
Mohamed El-Erian, the former chief executive officer of Pacific Investment Management Co. whose exit spurred a leadership shakeup at the fund firm, plans to write a book about the rise and potential fall of central banks, according to a person familiar with the matter.
Cambridge University, the 800-year- old alma mater of Isaac Newton and Stephen Hawking, sold its first bonds, tapping investor demand that let Portugal Telecom SGPS SA issue its first benchmark notes since 2011.
University of Cambridge students plan to protest a debating club appearance tonight by Dominique Strauss-Kahn, the former head of the International Monetary Fund who resigned last year after being accused of sexual assault.