Brent crude oil jumped the most in history in the previous session after attacks on Saudi's oil industry disrupted the kingdom's production.Marketsread more
Damage to the top OPEC producer's oil facilities ignited fears of supply disruption around the world and has sent crude prices soaring.Energyread more
The second-largest investor in Kraft Heinz Company discloses that it has again trimmed its stake in the food company.Marketsread more
Elliott Management may not see John Stankey as a future leader at AT&T, but bailing on him before he executes his integration plan has the potential for disaster.Technologyread more
Tension between the real estate start-up WeWork and SoftBank was not a central issue in the decision to delay an initial public offering, sources tell CNBC's David FaberThe Faber Reportread more
The service will debut in April with pricing to be announced closer to the launch data, NBCUniversal says.Technologyread more
A sharp drop in mortgage rates in August was clearly behind the confidence in September. The survey came with warning signs, however. Mortgage rates shot back up at the start...Real Estateread more
U.S. manufacturing output increased more than expected in August, boosted by a surge in machinery and primary metals production.Economyread more
The risk of a global recession is at its highest since August 2009, according to a survey of fund managers.Marketsread more
Chipotle rewards members will get the first chance to order carne asada.Restaurantsread more
Apple isn't trying to blow our minds with groundbreaking new features on the iPhone 11, but is making lots of little improvements each year, this year focusing on cameras and...Technologyread more
* Kone could sell assets to PE partner -source
* Bidders can express interest by mid-month -sources
* Thyssenkrupp shares jump 6.2% (Adds details from sources, share reaction)
FRANKFURT/DUESSELDORF, Germany, Sept 5 (Reuters) - Finland's Kone is considering teaming up with a private equity partner to pull off a bid for Thyssenkrupp's elevator business, three people familiar with the matter said.
Kone has long been interested in Elevator Technology (ET), by far Thyssenkrupp's most profitable division, and has been exploring options for a deal with the help of Bank of America , sources told Reuters in May.
The Finnish company could mitigate antitrust risks by potentially selling assets to the partner, one of the people said.
Kone declined to comment.
No final decision has been made and Kone could still decide to submit an offer on its own, the people said.
Thyssenkrupp has said that it could sell or list its elevator division, and analysts say Kone would be a good strategic fit for the unit.
Shares in Thyssenkrupp, which will be kicked out of Germany's benchmark index later this month following a sharp fall in the group's market value, extended gains and were up 6.2% at 1518 GMT on news Kone was considering a bid with a partner.
Due to its large overlap with ET, a bid by Kone is likely to raise antitrust issues and would require substantial remedies to get approval, the sources said, adding that teaming up with private equity players would be a way to sidestep concerns.
Sources told Reuters on Wednesday that KKR, CVC , Bain and EQT were among those who received a letter from Thyssenkrupp asking them to express their interest in ET by the middle of the month. (Reporting by Edward Taylor, Christoph Steitz, Tom Kaeckenhoff and Arno Schuetze; Editing by Riham Alkousaa and Susan Fenton)