Bloomberg Glencore Plc tumbled the most in two years after US authorities demanded documents relating to possible corruption and money laundering. The world’s biggest commodity trader said on Tuesday that it’s been subpoenaed by the US Department of Justice to hand over documents related to the Foreign Corrupt Practices Act and US money laundering statutes. The documents relate to the ...

Bloomberg Interpublic Group of Cos, one of the world’s largest advertising companies, agreed to acquire Acxiom Corp.’s mark- eting-services unit for $2.3 billion, gaining tools to help clients sift through data to reach potential customers. Acxiom expects to receive $1.7 billion in net proceeds, according to a statement. The company plans to repay debt, buy back stock and reinvest in ...

Bloomberg Allianz SE plans to buy back as much as 1 billion euros ($1.16 billion) of its shares amid an abundance of capital and returns crimped by low interest rates. Europe’s biggest insurer will buy back as much as 41.5 million shares July 4 to Sept. 30 and cancel all repurchased shares, the company said in a statement. The buyback ...