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Exclusive: Blackstone to acquire Aon’s benefits outsourcing for $4.8 billion – sources

Private equity firm Blackstone Group LP has agreed to acquire insurance broker Aon Plc's employee benefits outsourcing business for around $4.8 billion, people familiar with the matter said on Thursday. It also allows Aon to exit a mature, capital-intensive outsourcing business, allowing it to invest in growth areas beyond its core insurance brokerage operations, such as cyber security and health insurance.

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Exclusive: Blackstone to acquire Aon’s benefits outsourcing for $4.8 billion – sources

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Bank Hapoalim warns on profits due to U.S. tax probe

Bank Hapoalim , Israel's largest bank, said on Thursday it would make a further provision estimated at $70 million for settling a U.S. tax evasion investigation which could have “a significant impact” on its third-quarter results. The…

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Bank Hapoalim warns on profits due to U.S. tax probe

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Exclusive: Twitter to conclude sale deliberations this month – sources

Twitter Inc has told potential acquirers it is seeking to conclude negotiations about selling itself by the time it reports third-quarter earnings on Oct. 27, according to people familiar with

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Exclusive: Twitter to conclude sale deliberations this month – sources

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Sycamore Partners, liquidators bid on bankrupt U.S. teen retailer Aeropostale

Bankrupt U.S. teen retailer Aeropostale Inc received bids this week for its business from private equity firm Sycamore Partners, as well as liquidators, firms that wind down businesses, according to people familiar with the matter. Investment firm Versa Capital Management LLC did not submit a bid for

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Sycamore Partners, liquidators bid on bankrupt U.S. teen retailer Aeropostale

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Hershey Trust reaches in-principle reform agreement

It could also offer the clarity needed for Mondelez International Inc to make a new approach to acquire Hershey. The $12 billion trust, set up by company founder Milton Hershey over a century ago to fund and run a school for underprivileged children, must approve any sale of the company. It rejected a $23 billion cash-and-stock offer for Hershey by Mondelez, the maker of Oreo and Cadbury chocolate, last month.

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Hershey Trust reaches in-principle reform agreement

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Fiat Chrysler recalling 410,000 vehicles

Fiat Chrysler Automobiles NV said on Friday it is recalling nearly 410,000 vehicles worldwide because of a defect that can lead to a loss of propulsion. The automaker said it will update software and replace wire harnesses to address the electronic issue that appears in a small number of vehicles. The recall includes 2015 model Chrysler 200 midsize sedans, Ram

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Fiat Chrysler recalling 410,000 vehicles

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Verizon emerges as front-runner in Yahoo auction: sources

Yahoo Inc is focusing on U.S. telecommunications company Verizon Communications Inc as the buyer of its core business after reviewing final bids that it received this week, people familiar with the matter said on Friday. A deal would boost Verizon's AOL internet business, which the company acquired last year for $4.4 billion, by giving it access to Yahoo's advertising technology tools, as well other assets such as search, mail, messenger and real estate. The sale would…

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Verizon emerges as front-runner in Yahoo auction: sources

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Exclusive: Sanofi to unveil challenge to Medivation’s board – sources

France's Sanofi SA is preparing to name candidates it will put forward to replace the entire board of U.S. cancer drug company Medivation Inc as early as Wednesday, according to people familiar with the matter. Sanofi has threatened to oust the board after Medivation rejected its unsolicited $9.3 billion acquisition offer late last month, taking advantage of a so-called 'written consent' rule that gives Medivation shareholders the…

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Exclusive: Sanofi to unveil challenge to Medivation’s board – sources

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Google faces record 3 billion euro EU antitrust fine: Telegraph

Google faces a record antitrust fine of around 3 billion euros ($3.4 billion) from the European Commission in the coming weeks, British newspaper The Sunday Telegraph said. The European Union has accused Google of promoting its shopping service in Internet searches at the expense of rival services in a case that has dragged on since late 2010. Several people familiar with the matter told Reuters last month they believed that after three failed attempts at a…

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Google faces record 3 billion euro EU antitrust fine: Telegraph

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Exclusive: Verizon set to make Yahoo’s bidder short list – sources

Verizon Communications Inc was set on Tuesday to advance to the second stage of bidding for Yahoo Inc's core assets, as the U.S. internet company went through offers to put together a short list, people familiar with the matter said. Verizon submitted its offer with advice from investment banks Guggenheim Partners LLC, LionTree

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Exclusive: Verizon set to make Yahoo’s bidder short list – sources

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