Fear has taken control in the bidding war for German lighting group Osram Licht AG. A raised bid of 4 billion euros from AMS AG is well above what the target’s shareholders appeared happy to accept and what rival bidders had put on the table. Osram shareholders win. For AMS’s investors and staff, the risks have substantially increased. The sweetener ...

Private bankers have been gripped by their very own thriller this week, complete with Credit Suisse Group AG spying on a departing executive, an alleged car chase and a bust-up. Managing money for the rich isn’t what it used to be. Prosecutors are probing the incident and Switzerland’s second-largest bank is conducting its own inquiry to determine who among the ...

Bloomberg US stocks fell, while Treasuries rose after a key gauge of manufacturing posted the weakest reading since the end of the last recession. Gold turned higher along with the yen. The S&P 500 declined for the third time in four sessions, erasing an earlier advance more than 0.5 percent, after the Institute for Supply Management’s factory index slipped to ...