Mergers and Acquisitions

China's Tencent Buys 5% Stake in Tesla

Tesla gained a potential key ally in China after the country's most valuable company, Tencent, bought a 5% stake in the electric-vehicle maker.

Neiman Marcus Says It Is Exploring Options, Including a Sale

Luxury fashion retailer Neiman Marcus Group Ltd LLC said on Tuesday that it was exploring strategic alternatives, including changes to its capital structure or a sale of the company, as it seeks relief from its swelling debt pile.