Bloomberg Western Digital Corp. said it will move forward with arbitration to get a say over Toshiba Corp.’s sale of its chip unit after the Japanese company agreed to provide notice before closing. The companies announced they’d reached an agreement providing for two weeks’ advance notice. The two manufacturers, which are in a joint venture to produce memory chips, submitted …

In January 1988, in Ronald Reagan’s final State of the Union address, he noisily dropped on a table next to the podium in the House chamber three recent continuing resolutions, each more than a thousand pages long. Each was evidence of Congress’ disregard of the 1974 Budget Act. Reagan fumed: “…budget deadlines delayed or missed completely, monstrous continuing resolutions that …

When Moody’s Investors Service polled market participants in Hong Kong recently, 70% picked India’s banking system as the most vulnerable among seven countries in South and Southeast Asia. I wonder what remaining 30% were smoking. As another earnings season rolls on, the weaknesses of Indian lenders are once again obvious. What’s not as apparent, though, is an quadrifurcation of Indian …