Merger And Acquisition Activity Hits Record High in 2015: Report

Global mergers and acquisitions reached an all-time high of $4.304 trillion in 2015, beating an earlier record of $4.296 trillion in 2007, with about a month to spare, the Wall Street Journal reported, citing data by financial services firm Dealogic. Cheap debt and investor pressure to outrun a slowing economy pushed companies' decisions to consolidate in the year, according to the Journal.