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The surprising roots of Malaysia’s rage

  It didn’t take long for Malaysia to retaliate against North Korea for barring its citizens from leaving the country on Tuesday. Within hours, a security cordon had surrounded North Korea’s Malaysian embassy to prevent diplomatic staff from leaving. The response may not be legal under international law, but it’s certainly understandable. North Korea is not only accused of sponsoring ...

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Retail bankruptcies don’t always help rivals

  A competitor’s loss doesn’t always translate into a win. Dick’s Sporting Goods Inc. said that sales at established stores rose 5 percent in the most recent quarter from the year before as it picked up retail locations from now-defunct sporting goods competitors such as Sports Authority and Golfsmith. But the company also warned sales and earnings growth would slow ...

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Note to Snap: Being profitable at IPO matters

  Snap, the parent company of Snapchat, has had its oversubscribed initial public offering and a big first-day pop. But if recent tech IPO history is any indication, longer-term investors are headed for a big disappointment. I’ve written before why I think Snap’s not worth its valuation ($23.8 billion at the IPO price of $17, $28.3 billion at the time ...

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