Bloomberg Volvo AB, the world’s second-largest truckmaker, will set aside 7 billion kronor ($780 million) to address a faulty emissions-control component that’s worn out more quickly than expected. The charge will eat into operating income in the just-finished fourth quarter, while the drag on cash-flow will impact the coming years, the Gothenburg, Sweden-based manufacturer said in a statement issued after ...

In one of contemporary history’s intriguing caroms, European politics just now is a story of how one decision by a pastor’s dutiful daughter has made life miserable for a vicar’s dutiful daughter. Two of the world’s most important conservative parties are involved in an unintended tutorial on a cardinal tenet of conservatism, the law of unintended consequences, which is that ...

New General Electric Co. CEO Larry Culp could help himself out by accelerating asset sales. Shares of the troubled industrial conglomerate climbed in late trading on January 4 after Bloomberg News reported Apollo Global Management was considering a bid for the company’s GE Capital Aviation Services jet-leasing business. A deal, if one were to happen, would underscore Culp’s willingness to ...