Bloomberg Alphabet Inc. named broadband executive Gregory McCray to lead its Access subsidiary as the company tries to develop a new strategy for the internet-communications business. With the appointment, the Access unit, which includes the high-speed Fiber internet service, is getting slimmer. Several hundred employees are moving over to Alphabet’s main Google business, according to a person familiar with ...

  Bloomberg Serbia needs to stop subsidizing unprofitable state companies to lock in progress the largest former Yugoslav republic has made in cutting the budget, staunching one of the largest drains on state coffers, the local head of the International Monetary Fund said. “Fiscal costs from loss-making state-owned enterprises need to be plugged,” said Sebastian Sosa in an Belgrade interview ...

  Economists are increasingly turning their attention to the problem of monopoly. This doesn’t mean literal monopoly, like when one utility company provides all the power in a city. It refers to market concentration in general — when an industry goes from having 20 players to having only 10, or when the four biggest companies in an industry start taking ...