It is a truth (almost) universally acknowledged these days that an investor in want of a good fortune needs to be in possession of an index-tracking fund rather than an active manager. UBS AG, though, disagrees — at least in Europe. The Swiss bank’s analysts, led by Michael Werner, who covers the fund management industry from London, crunched the numbers …

As of early fall, it was clearer than ever that production problems meant Apple Inc. wouldn’t have enough iPhone Xs in time for the holidays. The challenge was how to make the sophisticated phone—with advanced features such as facial recognition—in large enough numbers. As Wall Street analysts and fan blogs watched for signs that the company would stumble, Apple came …

Bloomberg One of Sony Corp.’s most promising bets on the future is hiding in plain sight. Inside the electronics maker’s Atsugi Technology Center, a research campus located an hour outside Tokyo, engineers and researchers are developing sensors that can detect people and objects by calculating how long it takes for light to reflect off surfaces. With plans to go into …