Group Abandons Bid to Buy Out Baidu Video Unit

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A consortium led by Baidu’s chief executive dropped its $2.3 billion bid to buy out the search company’s video-streaming operation after investors criticized it as a sweetheart deal.

How Asia's Rich Are Hurting the Big Banks of Switzerland and Beyond

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A big drop in trading activity has hit results at Julius Baer and U.S. banks like Goldman Sachs in a bad sign for Credit Suisse.

Terror Weighs on Europe's Travel Industry

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A cascade of terrorist incidents is driving away tourists at the height of Europe’s summer rush, casting a pall over hotel chains, airlines and luxury retailers.

Sprint's Loss Widens

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Sprint on Monday reported its loss widened in the most recent quarter, though revenue slid less than expected.

'Pokémon Go' Surged by Building Community

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Columnist Christopher Mims writes that “Pokémon Go” became a monster hit by connecting people playing the game, even though it isn’t explicitly about bringing people together.

Best-Paid CEOs Lag in Results, Study Says

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The best-paid CEOs tend to run some of the worst-performing companies and vice versa, even when pay and performance are measured over the course of many years, according to a new study.

AMC, Carmike Agree to Sweetened Takeover Deal

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AMC Entertainment and Carmike Cinemas said they had agreed to a sweetened takeover deal at more than $800 million, after a vote to approve the deal was twice postponed.

LVMH Sells Donna Karan to G-III for $650 Million

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LVMH agreed to sell Donna Karan International to apparel company G-III for $650 million including debt—an unusual retreat for the French luxury giant from a major brand it tried for years to revive.

Verizon to Buy Yahoo's Web Assets for $4.83 Billion

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Verizon announced plans to buy Yahoo for $4.83 billion in cash, ending a drawn-out auction process for the beleaguered internet company.

Booze Makers Court Consumers With 'Healthier' Drinks

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From nonalcoholic martinis to cocktails frothed with chickpea brine, drink purveyors are hustling to satisfy consumers’ growing desire for what they see as healthier quaffs.

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