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Reckitt Benckiser is crying over $6.5bn of spilled milk

When Laxman Narasimhan cut the full-year outlook for Reckitt Benckiser Group Plc in October, the company’s new chief executive officer threw in everything but the kitchen sink. Last week, he said the operating margin would be much lower in the future and announcing a 5 billion-pound ($6.5 billion) writedown to the value of the Mead Johnson baby-formula business, which Reckitt ...

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Trump must do more to stem fallout from virus

Both the Federal Reserve and the White House are considering emergency measures to combat the economic fallout from the coronavirus. These are the right responses, but they don’t go far enough. To be clear, the coronavirus is first and foremost a public-health threat. The full resources of the federal government should be marshalled against it. At the same time, the ...

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Don’t blame capitalism for shrinking airline legroom

A viral video of a man punching the back of a women’s reclined airline seat got Delta Air Lines Chief Executive Officer Ed Bastian’s attention. But he made things worse, when he asked flyers to be polite and check with the passengers behind them before hitting the recline button. This angered many people who have watched seats shrink over the ...

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