Wade past the shadows of the Carlos Ghosn debacle and a picture emerges of a car business that was already in deep trouble. Nissan Motor Co.’s operating profit dropped around 14 percent in the first nine months, margins shrank, and net income tanked 45 percent from a year earlier, the Japanese carmaker said. The company also booked a 9.2 billion-yen ...

President Trump has nominated David Malpass, a senior Treasury official and former Wall Street economist, to succeed Jim Yong Kim as next leader of the World Bank. Rather than rubber-stamp the US nomination, as the bank’s other member governments are generally inclined to do, they should ask whether Malpass is the best available candidate — and, even more important, start ...

Bloomberg Just as New Yorkers were absorbing Amazon.com Inc.’s decision to abandon a new office hub after tangling over $3 billion in tax breaks, General Electric Co. was beating a retreat in Boston, canceling plans to build an office tower and promising to return $87 million in government incentives. In Wisconsin, Taiwanese manufacturer Foxconn was backing away from promises it ...