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.
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.
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 on Monday reported its loss widened in the most recent quarter, though revenue slid less than expected.
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.
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 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 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 announced plans to buy Yahoo for $4.83 billion in cash, ending a drawn-out auction process for the beleaguered internet company.
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.