Chinese firm pulls $14B offer for Starwood hotels

Perhaps China is a more disciplined buyer than previously believed. Beijing-based Anbang Insurance on Thursday backed out of its twice-sweetened offer of $14 billion for the 1,200-property Starwood Hotels just as it appeared poised to win it. Anbang appeared to have beaten back a challenge from the 4,000-property Marriott International -- but surprised Wall Street...