PE HUB First Read

Willis Group and Towers Watson to merge in a deal that values the combined company at $18 billon

Puerto Rico wants to be able to declare bankruptcy.

Golfer Phil Mickelson is connected to $2.75 million money laundering case, says report.

Microsoft to exit display ad business with AOL deal

GE set to sell Europe private equity unit to SMBC for over $2 billion

Amazon takes Prime Now outside the U.S., opens one-hour delivery in London.

Uber bonds term sheet reveals $470 million in operating losses.

EU agrees to end roaming charges, announces net neutrality rules.

Obama to propose expanding overtime for millions

Americans, want a free college education? Move to Germany.

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ZM Capital sells Cast & Crew to Silver Lake.

CalPERS goes big on medium.

Shunning the late-stage froth

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