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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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Twitter numbers paint grim profitability picture

For all the buzz the San Francisco company has created as the preferred platform for U.S. President Donald Trump and other high-profile figures, Twitter has lost more than $1.5 billion cumulatively since it went public in late 2013. Fourth-quarter revenue of $717 million was well

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Twitter numbers paint grim profitability picture