And now for a major test of the well-oiled retailing machine that is Walmart Inc. The big-box giant announced that Greg Foran, the CEO of its US division — which makes up the bulk of its sales and operating income — is leaving to become CEO at Air New Zealand Ltd. He will be replaced by John Furner, who has ...

The finance community in the UK has a conflicted relationship with Libor, the reference interest rates for everything from mortgages to car loans to corporate debt. This makes it likely that the benchmarks will survive beyond their planned termination date. The current plan is for Libor to wink out of existence by the end of 2021. Changes in the wholesale ...

Attempts to accelerate the shakeup of German banking haven’t had much success in the past year. First, talks to combine two state-owned regional lenders fell apart; then Deutsche Bank AG and Commerzbank AG tried but (for good reason) were unable to find a way to make a merger work. Now a third combination is on the table. This time too, ...