Baidu's Reinvention Leaves Investors Searching for Profits

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Baidu is investing heavily in new services to keep pace with rivals, eating up profits in the process.

Rental Demand Supplies Home-Building Opportunity

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A tight market is pushing rents higher, but new supply is on the way.

Pfizer's Dollar Dilemma Adds Pressure for Deal Making

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Pfizer’s strong results were undermined by currency effects—which also raise pressure to do a deal.

Some Investors Bet on Puerto Rico Hotels

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Puerto Rico’s worsening debt crisis has whet the appetite of a small but devoted group of distressed investors, including hedge-fund manager John Paulson, who are buying hotel properties.

Don't Check Out of Marriott

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Ahead of the Tape: Like surging Airbnb, Marriott International has an enviable asset-light approach to lodging.

Hedge Fund's Assets Fall by 95%

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London-based bond-trader Mako Investment Managers was a star performer in 2008, but assets under management of its flagship Pelagus Capital Fund have fallen 95% since the end of 2012.

Lew Says No Federal Bailout for Puerto Rico

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Treasury Secretary Jacob Lew said the Obama administration isn’t contemplating a federal bailout for Puerto Rico as the island territory faces a cash crunch.

Allergan's Healthy Price May Come With Side Effects

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While investors are excited about Allergan’s pursuit of more deals, they have to hope it doesn’t bite off more than it can chew.

Home-Price Growth Remained Solid in May

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Home prices made solid gains in May, according to a report released Tuesday, as the housing market increasingly appears to be regaining strength after a long, uneven recovery.

BP Still Needs to Drill Business for Cash

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BP has been active in cutting in response to the lower oil price environment. Its mixed success just reflects the challenge for the oil and gas sector.

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