A tiny subsection in the UK takeover code has shot from the margins to the center. The Takeover Panel prompted more controversy over an arcane rule and its application to the battle for Sky Plc. The rule book’s so-called chain principle determines what happens if a bidder takes control of a publicly traded company by buying a firm that owns ...

Corporations are easy to hate. They are big, they are impersonal, and they operate by profit-driven rules that can sometimes seem cruel. When corporations are accused of wrongdoing by a community led by a plucky plaintiffs lawyer, there is a natural tendency to believe the latter over the former. Chevron Corp, which is ranked 13th on the Fortune 500 and ...

Bloomberg It was supposed to be the best of times for the biggest US banks: Rising interest rates and corporate tax cuts would boost profitability and spur lending, while deregulation lowered costs. The optimism didn’t last. Loan books probably expanded only slightly last quarter while revenue failed to match the acceleration posted in the first three months of the year, ...