Bloomberg Walt Disney Co. Chief Executive Officer Bob Iger got $36.3 million in compensation in 2017 as the company announced plans to acquire a majority of 21st Century Fox Inc. His pay will probably more than double in fiscal 2018. Iger, 66, received a $15.2 million cash bonus tied to results including segment operating income and return on invested capital, ...

Bloomberg Porsche SE’s board was ordered by a German court to answer critical shareholder questions about what management at Volkswagen AG and the carmaker’s majority investor knew about the diesel scandal and whether any evidence was destroyed. The holding company’s board must answer five questions originally asked at its 2016 annual shareholders meeting, a Stuttgart court said in two rulings ...

Bloomberg President Donald Trump has handed European allies an ultimatum to revamp the nuclear deal with Iran, something they have no intention of doing, posing a potential new conflict with other world leaders. “This is a last chance,” Trump vowed in a statement announcing that he’d waived economic sanctions tied to the 2015 accord a final time: “No one should ...

Bloomberg President Donald Trump’s decision to forgo a visit to London to open a new US embassy kindled doubts about his justification for staying away — even from his own nation’s diplomats. Trump asserted on Twitter that he “canceled” his trip to the UK next month because he didn’t like the deal under which the embassy was moved. He blamed ...

Bloomberg The US Air Force is going ahead with two long-planned flight tests of intercontinental ballistic missiles next month despite efforts to damp tensions over North Korea’s nuclear ambitions and encourage fragile talks with South Korea. Test launches of American missiles — without the nuclear warheads they can deliver — would be unlikely to cause much of a stir under ...

Bloomberg Chancellor Angela Merkel reached a preliminary accord with the Social Democrats to end Germany’s political gridlock, moving closer to a fourth term and defying domestic critics who say her time is running out. The next hurdles are a key vote by her reluctant SPD partners later this month and then finalising the deal in another round of talks. After ...

Bloomberg Zimbabwe’s main opposition party, the Movement for Democratic Change, is in a quandary over whether its long-serving leader and founder Morgan Tsvangirai, who’s undergoing treatment for colon cancer, should retire before this year’s elections. While Tsvangirai, 65, has appeared increasingly frail, he remains the party’s most-popular official and his absence from the ballot could undermine its campaign. The MDC ...

The record of economists, including those at the Federal Reserve, over the past half century has been discouraging. The two greatest blunders are well-known: policies that fed double-digit inflation in the 1970s, reaching a peak of 13.5 percent in 1980; and the more recent failure to prevent the 2008-09 financial crisis and Great Recession, sending unemployment to 10 percent. Unfortunately, ...

It’s been almost a month since Wall Street took a step towards adopting Bitcoin as its own with the launch of cash-settled futures contracts. The results haven’t been stellar. Promoted as ‘Gold 2.0,’ Bitcoin hasn’t quite worked out that way: Its price in dollars has fallen by about 20% from a mid-December high, while its volatility climbed to its highest ...

JPMorgan Chase & Co., it appears, is outgrowing its bank. The nation’s largest bank by assets reported better-than-expected fourth-quarter results. It also crossed a big annual revenue milestone — re-entering the 12-figure club for the first time since 2010. It reported $104 billion for 2017 on an adjusted basis. However, at the same time that JPMorgan is more behemoth than ...