Bloomberg SpaceX slashed the size of the leveraged loan it sought by $500 million, according to people with knowledge of the matter, the latest twist in a saga that had already seen Elon Musk’s closest ally on Wall Street balk at the terms of the deal. Space Exploration Technologies Corp reduced the loan to $250 million despite having enough investors ...

In economic terms, Americans have a lot to be thankful for this year. Unemployment is at record lows, more people are actually working (as opposed to dropping out of the workforce), and wage growth is improving for workers on the low end of the scale. Other countries, when recovering after a big financial crisis, have suffered though a “lost decade” ...

A corporate battle at Telecom Italia SpA shows why it’s tough to be an investor in Italy these days. The government is interfering with a private company to get hold of its most prized asset: the country’s phone and broadband network. The opposition tacitly supports the plan. Italy is playing fast and loose with property rights and no one seems ...