Rupert Murdoch’s 21st Century Fox Inc. agreed to sell its pay-TV businesses in Italy and Germany for more than $9 billion, gaining funds it could use to raise an $80 billion takeover bid for Time Warner Inc.
West Texas Intermediate crude erased a 1 percent decline to trade near $102 a barrel on the New York Mercantile Exchange. Brent advanced.
Sanofi’s $8.5 billion portfolio of older, off-patent drugs has drawn interest from private-equity firms KKR & Co., Blackstone Group and TPG Capital, people with knowledge of the matter said.
Jeff Bezos is testing the patience of investors after Amazon.com Inc. missed analysts’ estimates for a second straight quarter, sending the shares tumbling 11 percent.
An Air Algerie MD-83 carrying 116 people crashed in Mali as it flew to Algiers from Burkina Faso, leaving no survivors and marking the third major civil-aviation disaster in the space of a week.
Aon Plc, the world’s second-largest insurance broker by market value, fell the most since April after revenue missed estimates as reinsurance sales declined.
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