Bloomberg A year of profit stagnation has left the S&P 500 Index’s price-earnings ratio flirting with some of its highest readings since the Internet bubble. Judged against bonds, though, stocks remain stubbornly cheap. Plotting the index’s per-share earnings against the yield on the 10-year Treasury note, a technique sometimes referred to as the Fed Model, shows the S&P 500 ...

  Bloomberg Williams Cos. said Energy Transfer Equity LP is breaching a merger agreement “through a pattern of delay and obstruction” and asked a court in Delaware to prevent the pipeline operator from terminating the deal. Energy Transfer — which offered $43.50 a share, or $37.7 billion, for rival Williams in September — said May 5 that the multibillion-dollar takeover ...

  SANTO DOMINGO / AP Dominicans faced a dizzying array of choices on Sunday in one of the most complex ballots in recent history, with eight candidates for president, all 222 members of Congress up for re-election and thousands of people vying for local offices around the country. For many voters it amounts to a referendum on whether to let President ...