Who lost Lehman Brothers? Could it have been saved? As we approach the 10th anniversary of Lehman’s collapse (September 15), these questions won’t go away. The Lehman bankruptcy is portrayed as the pivotal event that converted severe — but familiar — disruptions in financial markets into a full-blown panic. Nothing like it had occurred in the United States since the ...

September in the European corporate debt market is often a time of much rejoicing. The dearth of activity in August is replaced by a flood of issuance, tightening spreads, and a general feeling that bonds are back. Not this time. This August has been particularly miserable, and almost all of the factors that made it that way have every reason ...

With its blistering pace of comparable sales growth in the second quarter, Walmart Inc. threw down the retail gauntlet when it reported earnings last week. Target Corp answered with some impressive results of its own. The big-box retailer reported that comparable sales increased 6.5 percent in the second quarter over a year earlier, its biggest growth on this measure in ...