Germany's Merck Cautious After Deal Spree

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Germany’s Merck forecasts little or no improvement in earnings this year, with stiff competition for its blockbuster multiple-sclerosis treatment and higher research spending likely to offset the impact of recent acquisitions.

Hedge Funds Failing to Meet Expectations

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A survey from Deutsche Bank’s Global Prime Finance unit showed two-thirds of responding investors said hedge funds they invested in didn’t produce the returns they had been targeting last year.

China's Kaisa Proposes Onshore-Debt Restructuring

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Troubled Chinese property developer Kaisa Group Holdings is seeking to restructure 47.97 billion yuan ($7.65 billion) of onshore debt by extending payment terms and reducing interest payments.

Microsoft Plays Phone Waiting Game

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Microsoft has a new fix-it plan for the company’s smartphone business: Wait a little longer.

Google Confirms Wireless Service Plans

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Google plans to launch a small-scale U.S. wireless service.

The Race to Advertise on Alibaba's Marketplaces

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Paid advertising is one way for vendors on Alibaba’s e-commerce platforms to grab customers’ attention. But the competition to land the coveted ad slots is fierce.

Glencore Returns to Profit

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Glencore returned to profitability last year despite a sharp downturn in the commodities it mines and trades.

NXP Semiconductor Bets $12 Billion on Smarter Cars

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NXP Semiconductor stepped on the gas in the race to supply chips to make smarter cars by agreeing to buy Freescale Semiconductor for nearly $12 billion.

Russian Investors Launch New Energy Empire

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Russian investors led by billionaire Mikhail Fridman launched L1 Energy from a purchase of RWE Dea’s assets and threatened legal action if the U.K. tries to block the British part of the deal.

Wynn Resorts Seeks to Block Elaine Wynn From Board

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Wynn Resorts is seeking to block Elaine Wynn—a major shareholder, longtime director and the ex-wife of company Chairman Steve Wynn—from its board.

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