Hartford Financial Services Group Inc., the insurer focusing on property-casualty coverage, rose as Reuters reported that Apollo Global Management LLC and J.C. Flowers & Co. may bid for unit that sold annuities in Japan.
Kinder Morgan Inc. is preparing to start talks on selling off parts of El Paso Corp.’s oil and gas exploration and production unit in case the pipeline operator can’t find a buyer for the whole division, said people with knowledge of the matter.
Pershing Square Capital Management LP, the $11 billion activist hedge-fund firm run by Bill Ackman, posted a 7.9 percent net gain in its main strategy in October, according to a performance update obtained by Bloomberg News.
Beam Inc. was sued over its proposed $16 billion takeover by Suntory Holdings Ltd. by an investor who said the transaction is being driven by the company’s largest shareholder, hedge-fund manager Bill Ackman.