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Just say no to Yes Bank’s rabbit hole of bad loans

Oh no, Yes Bank. You don’t get to spin a yarn about the wonderful quarter you’ve had. You don’t get to fill page after page of your earnings presentation with arrows pointing up, up and up. The bragging about how you are the world’s second-most-social brand (whatever that means) can also wait. There’s only one question for you to answer. ...

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For Amazon’s Jeff Bezos, philanthropy is ‘saved for later’

Amazon.com Inc. founder Jeff Bezos may have surpassed Microsoft Corp. co-founder Bill Gates to be the richest person in the world, but there’s one title he isn’t likely to claim: world’s most generous. Even with more than $90 billion to his name, Bezos has yet to make a major philanthropic mark, but with the new mantle of the world’s richest, ...

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US stocks pare gains, small caps turn negative on tax details

Bloomberg US stocks pared gains and small caps turned negative as the prospects for tax reform remain dimmed by political wrangling in Congress. The latest evidence that the global economy is on firm footing earlier boosted equities around the world and lifted the dollar. The Russell 2000 Index slumped on speculation that failure to cut taxes would hit small companies ...

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