Now that Toshiba Corp. has chosen the preferred buyer for its chip unit, Japan Inc. needs to watch exactly what the new owner will do with the business. No doubt partnering with influential local names strengthened the hand of Bain Capital Private Equity LP in beating out rivals such as Western Digital Corp., Broadcom Corp. and Foxconn Technology Group. Any …

The House is working on the military budget for 2018, and the Pentagon is not pleased. Not only does the plan fall short of the “historic” boost in spending promised by President Donald Trump, but the proposal doesn’t even include one of the military’s own suggestions for saving money. There’s a reason for that: The Pentagon’s proposal — a new …

Europe’s latest move against Google — a record $2.7 billion (2.4 billion euro) fine for anti-competitive behaviour — is understandable but ill-advised. For the sake of a questionable theory, it risks causing an escalating quarrel. The European Commission accused Google of putting sites that compare prices for goods and services at an unfair disadvantage on its search pages. Years of …