Governments, seemingly eager to supply their critics with ammunition, constantly validate historian Robert Conquest: The behaviour of any bureaucratic organisation can best be understood by assuming that it is controlled by a secret cabal of its enemies. Consider North Carolina’s intervention in the medical-devices market. Born in India, Dr Gajendra Singh is an American citizen and a surgeon in Winston-Salem ...

Whenever Amazon. com Inc eyes expansion into a new industry, the stalwarts of that space shudder. A Reuters report that the e-commerce giant has been talking to insurers about introducing a price comparison website in the UK was no different. Incumbents Moneysupermarket.com Group Plc and GoCompare.com Group Plc fell as much as 4.7 percent and 10 percent respectively. But for ...

A number of hedge fund firms have a hot product. It’s not their hedge funds. Och-Ziff Capital Management’s investors withdrew $418 million from its hedge funds in the second quarter. Total inflow of assets under management, however, were $1.2 billion, its largest increase in assets in four years. The firm’s hot product: Collateralised loan obligations — a derivative debt investment ...