Sparkling in the sunlight that inspired 19th-century romantic painters of the Hudson River School, Sing Sing prison’s razor wire, through which inmates can see the flowing river, is almost pretty. Almost. Rain or shine, however, a fog of regret permeates any maximum-security prison. But 37 men — almost all minorities; mostly African Americans — recently received celebratory attention. It was …

Four decades ago, two University of Rochester professors came up with a definitive theory for that “awesome social invention” known as a publicly held company. The firm, they said, was but a series of contractual agreements between the owners and their agents—the managers. And there the matter rested. Until a 20-F filing at the US Securities Exchange Commission by Bangalore-based …

The headlines liken it to a “raid” or a “power grab.” But the European Union’s threat to repatriate euro clearing away from London is starting to look like a headache nobody actually wants to see happen. Which, all told, is probably a good thing. EU Commissioner Valdis Dombrovskis recently unveiled the legal framework of how the bloc plans to supervise …