PE HUB First Read

Honeywell pays $5.1 billion for German-based Elster.

BP reports second quarter loss at $6 billion as oil spill settlement takes toll.

Gaddafi’s son is sentenced to death by Libyan court.

Visa invests in Stripe at $5 billion valuation and strikes commercial deal, too.

Didi Kuaidi, Uber’s biggest rival In China, launches personal chauffeur service.

Amazon launches Prime Music streaming service in the U.K., first market outside the U.S.

Florida family finds $1 million of sunken Spanish treasure.

Snake bites kill 45,000 Indians every year—and that number won’t come down anytime soon.

Police raid Chinese factory that was churning out fake iPhones.

Trump gets $21 million for NYC Penthouse, 40 percent off list.

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New Mountain Capital reaps more than 65 percent IRR on SNL Financial sale.

NJ approves $300 mln separate account tagged for distressed assets; to pay just 17% carry.

Fund performance: Diversity fails to pay off for NYC portfolio.

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