Bloomberg ValueAct Capital Management, the activist fund run by Jeffrey Ubben, plans to return $1.25 billion to investors in May because of concerns that company valuations are expensive. San Francisco-based ValueAct, which manages more than $16 billion, explained its decision to return capital in a letter last week to investors that was viewed by Bloomberg News. It said that ...

  One of the most common debates I hear about India is whether British colonialism has been good or bad for the country’s economic prospects. Defenders of British rule often cite the construction of the railroads, or the spread of the English language, but as time passes the evidence mounts that India would have been much better off on its ...

  Another one bites the dust. German-listed Dialog Semiconductor Plc lost one-third of its market value at one point after analysts at Bankhaus Lampe KG claimed there was “strong evidence” that Apple Inc. was working on making its own power management chips for the iPhone. Dialog replied that it knew of “no business reason” for the share price movement. But ...