Deals wrap: Cutting assets to pay for slick

July 12, 2010

BP CEO Tony Hayward testifies about the BP oil spill in the Gulf of Mexico at the House Energy and Commerce Committee on Capitol Hill in Washington, June 17, 2010.  REUTERS/Larry DowningBP is looking to sell assets to help pay for the oil spill in the Gulf of Mexico. A source says BP is in talks with U.S. oil and gas company Apache Corp. The Sunday Times reported that the talks involved $12 billion in assets. View article

Aon, the world’s largest insurance brokerage, said it will acquire human-resource service company Hewitt Associates for about $4.9 billion in cash and stock to beef up its consulting business. The Aon-Hewitt deal is the second major deal in the consultancy space in a year. View article

If you are feeling bullish, then you’re in agreement Warren Buffett, Ken Fisher, Leon Cooperman and John Paulson. The WSJ takes a look at what these four market heavyweights are buying. View WSJ article

Turns out Carl Icahn’s son, Brett Icahn, has played a large role in the hostile takeover attempt for Lions Gate Entertainment. View WSJ article More coverage

Need cash? Check out this early-stage tech investor ecosystem graphic, with email addresses of those who have the cash. View peHUB article

Post Your Comment

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see