Bloomberg PSA Group and General Motors Co. are set to announce on Monday the purchase of the Opel brand by the French company, creating the region’s second-largest automaker and allowing GM to exit the European market, according to people familiar with the matter. The two carmakers, which sent an invitation for a joint press conference in Paris on Monday, …

  Being the fastest-growing large economy in the world is India’s destiny, and even the most poorly conceived economic policy imaginable can’t stop destiny. At least, that is, if you believe the government’s statisticians, who said on Tuesday that India’s GDP grew at 7% in the very quarter that the government withdrew high-value currency notes from circulation. Is India becoming …

  When making a decision such as whether to hire, insure or lend to someone, is more data better? Actually, when it comes to fairness, the opposite is often true. Consider a recent Harvard Business Review experiment, which involved sending 316 fake applications to the largest U.S. law firms. All the applicants were among the top 1 percent of students …