SURIGAO / AP A powerful nighttime earthquake in the southern Philippines killed at least six people and injured more than 120, with officials combing through cracked buildings and nearby towns on Saturday to check on the damage and other possible casualties. The magnitude 6.7 quake roused residents from their sleep late Friday in Surigao del Norte province, forcing hundreds …

  JAKARTA / AP Up to 40,000 people were caught in severe flooding following days of torrential rain in central Indonesia, where the death toll from landslides on Bali resort island rose to 13, officials said on Saturday. Indonesia’s Disaster Mitigation Agency said that incessant rains in the past five days caused rivers on Sumbawa Island to break their banks …

  You’ve heard the criticism. Too many American corporate managers are addicted to “short-termism.” They postpone investments and other costs, sacrificing future performance for present profitability. Either they’re pressured by “activist investors” or want to inflate the value of their stock options. If true, it could help explain the economy’s lackluster performance. Now, a new study asserts that it is …