If you thought the fight between Italy and the European Commission was over, think again. Brussels produced its latest batch of forecasts for EU countries. For Rome, they paint an ugly picture. Italy is expected to grow by a meager 0.1% this year, the slowest pace in the bloc. Meanwhile, its budget deficit is forecast to reach 2.5% of gross ...

General Electric Co.’s attempts at a revival are starting to bear fruit – not necessarily in its cash flow, but in its culture and in the hearts and minds of shareholders who’ve had to slog with the industrial giant through some of the worst years in its history. They are ready to believe again. GE hosted its annual meeting in ...

For Reliance Industries Ltd., buying Hamelys is a dream come true. The group hasn’t said much about its plans for the British toy store. Nor has Asia’s richest man, Mukesh Ambani, who controls Reliance. Whatever global aspirations they may have, achieving them won’t be straightforward. For buyers of British trophy retail assets, hopes of catapulting them to international domination don’t ...