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To heck with profits!

We’ve been here before: one of those portentous moments when corporate America promises to be more socially “responsible.” These episodes are, it seems, a permanent feature of modern capitalism. Just this week, the Business Roundtable, a group representing the leaders of major corporations, issued a “statement on the purpose of a corporation” that was widely hailed as rejecting the notion ...

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India stimulus plan falls short on vision

India is belatedly acknowledging that something’s gone wrong with what was once billed as the world’s fastest-growing economy. That’s the good news. The bad news is that New Delhi still doesn’t have a cohesive strategy to reverse the slowdown. Finance Minister Nirmala Sitharaman did offer a stimulus package. The highlight was the rollback of a tax surcharge on overseas investors ...

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The Amazon effect helps Kohl’s Corp help itself

Look at some of the headline numbers in Kohl’s Corp.’s second-quarter earnings report, and you’d surmise that things are pretty grim for the department-store chain. Look at the text of the press release, though, and you’ll find bread crumbs of information that suggest it is turning the corner on its near-term problems. Kohl’s comparable sales fell 2.9 percent from a ...

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