Baidu is investing heavily in new services to keep pace with rivals, eating up profits in the process.
A tight market is pushing rents higher, but new supply is on the way.
Pfizer’s strong results were undermined by currency effects—which also raise pressure to do a deal.
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.
Ahead of the Tape: Like surging Airbnb, Marriott International has an enviable asset-light approach to lodging.
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.
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.
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 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 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.