To any Japanese men who feel disappointed about missing out on chocolates from their female colleagues today: Take heart, it’s probably a good sign for the nation’s long-term economic health. While Valentine’s Day is marked by romantic gestures in many countries, custom in Japan dictates that women buy chocolates and then share them around with […]
Pain-pill giant Purdue Pharma LP will stop promoting its opioid drugs to doctors, a retreat after years of criticism that the company’s aggressive sales efforts helped lay the foundation of the U.S. addiction crisis. The company told employees this week that it would cut its sales force by more than half, to 200 workers. It […]
Four decades ago, a group of conservative academics known as the Chicago School revolutionized legal and economic thinking about antitrust in the U.S. Their view, which held that competition policy should focus on business efficiency and consumer benefits, ushered in a more hands-off approach to mergers and monopolies that’s lasted ever since. Today, with mounting […]
Long before allegations of serial sexual harassment against billionaire Steve Wynn reverberated from Las Vegas to Washington and Asia, the board of casino operator Wynn Resorts Ltd. had come under fire for weak corporate governance and deference to its founder and chairman. The board, which oversees an $18.5 billion company with casinos in Las Vegas and […]
Reckitt Benckiser Group Plc are the only companies to have submitted non-binding bids for Sanofi, Switzerland’s Johnson & Johnson were among companies to consider and then decide against bidding for the business, the people said. The deadline for non-binding offers for the business, which makes well-known brands including the pain reliever Advil, ChapStick lip balm […]
There’s a low-slung glass and brick building in Stamford, Conn., steps from Long Island Sound, that once housed one of the most successful hedge funds ever. Inside, the halls are still adorned with works by Jeff Koons and Jasper Johns. The trading room—where phones blink instead of ring—is still kept at 69F to keep traders […]
Donald Trump says his corporate tax cuts are setting off a domino effect that will finally end the long, lean years for American wage-earners. And there are a handful of very public commitments to increase pay — from Wal-Mart to AT&T — that seemingly back that up. But a tale out of another giant company, […]
Aside from snow, sharing is the most abundant commodity in the Swiss ski village of Davos every January. Coordination, collaboration, and joint commitment are the watchwords of the annual meeting of the World Economic Forum. This year’s theme, in line with Davos tradition, is “Creating a Shared Future in a Fractured World.” Can there be […]
After a disastrous 2017, General Electric Co. kicked off this year with the best start on the Dow Jones Industrial Average. The question is whether the gains will last. With no major developments specific to the company, the shares probably got a boost from investors anticipating a Note: Chart includes top and bottom 2018 YTD […]
Some brokerage firms are concerned that the tax overhaul could lead to upheaval, pushing their employees to set up their own shops or switch firms to lower their tax bills. At the heart of the issue is how the business is organized. Some brokers set up partnerships, while others work as independent contractors affiliated with […]
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