Wednesday afternoon with money manager Ye Fei, whose flagship Yi Tian Ya Li fund was up 388% for the year when the Shanghai Composite Index peaked June 12.
ACE agreed to buy fellow property-and-casualty insurer Chubb in a cash-and-stock deal valued at $28.3 billion, the largest-ever deal between two companies in the insurance industry.
The Olympics Mountains northwest of Seattle recorded the lowest snowfall since records there began in 1948, and the dire situation is hurting farmers, wildlife and businesses across the state.
Puerto Rico’s economic problems stem in some part from how the U.S. commonwealth has to operate under the same minimum-wage rules as the more prosperous 50 states.
Greg Ip: The Greek crisis has laid bare the flawed economic foundation of the euro, but the political appeal of the common currency may be its salvation.
The chief executives of government-controlled mortgage-finance firms Fannie Mae and Freddie Mac will get multimillion-dollar paydays thanks to a massive raise approved by the companies’ regulator.
In Europe, UPS and DHL are investing in hubs and warehouses, and FedEx is seeking approval for its acquisition of TNT as they jockey to take advantage of opportunities presented by the euro’s weakness.
America’s startup-investing frenzy has reached the shopping mall, as mall operators including Simon Property and Westfield begin putting money into young companies with retail innovations.