Bloomberg Goldman Sachs Group Inc asset managers cut borrowing for two energy funds, which saw their top holdings fall by one-third in two days amid “unprecedented” volatility in commodity prices, resulting in a “material impact” on their net asset value. The bank has decided to “effectively eliminate the net leverage” of its MLP Income Opportunities Fund and MLP and Energy ...

Bloomberg Foresight Energy LP filed for bankruptcy protection after it was unable to turn a profit on coal mining anymore as power generators switched to cleaner and cheaper fuels. The company, founded by the late billionaire Christopher Cline, is among a wave of US miners to file for Chapter 11 in recent years, including Murray Energy Corp, which owns a ...

Bloomberg Aon Plc agreed to buy Willis Towers Watson Plc in an almost $30 billion, all-stock transaction announced a year after previous takeover talks fell apart. Under the terms of the agreement, Willis Towers Watson shareholders will receive 1.08 Aon shares for each of their shares, with existing Aon investors owning about 63% of the company once the deal is ...