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New York-based Merrill Lynch & Co. said it reorganized its investment banking unit to help build its roster of corporate clients and speed decision-making. The biggest U.S. securities firm in terms of brokers created seven business and four regional groups within investment banking and set up an operating committee to oversee business in the U.S., the firm’s biggest market. . . . Reynolds Metals Co. will break itself into pieces and either sell its consumer packaging and aluminum can businesses to another company or trade their stocks as separate from the parent firm, according to Reynolds Chairman Jeremiah J. Sheehan. . . . Brazil overtook India as the world’s largest sugar producer this year as Indian farmers switched to other crops and Brazil lifted excise taxes on exports, according to the July Sugar Review. . . . A seat on the New York Stock Exchange sold for $1.35 million, a $175,000 increase from the last sale on July 1. . . . A federal bankruptcy judge in Newark, N.J., saved Kiwi International Air Lines from going out of business by approving its sale to company formed by Baltimore surgeon Charles C. Edwards for about $16.5 million.