With the bankruptcy this week of Westinghouse Electric Co., the future of big nuclear power plants in the US isn’t looking good at all. But maybe, just maybe, there is hope for something smaller. Westinghouse, which was acquired by Japan’s Toshiba Corp. in 2006, has been building the only nuclear power plants currently under construction in the US: two ...

  BlackRock shook the world of active management when it announced that it had fired five of its 53 stock pickers. BlackRock will also move $6 billion of the $201 billion invested in traditional active management to quant strategies. The announcement may not sound earth-shattering, but it augurs a larger trend: Traditional active management is dying, but perhaps not for ...

  Airlines operate in such a brutally competitive market that it’s sometimes tempting to view them as an undifferentiated group. The most richly valued of the big three US carriers, United Continental Holdings Inc., trades on a forward price-earnings ratio of 9.8; the cheapest, Delta Air Lines Inc., is on 8.7. The clustering is even tighter in China, where Beijing-based ...