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This shipbuilder’s fortunes turn around

A recovery in demand for new bulk carriers has helped Singapore’s worst-performing stock in 2016 become its best this year. Yangzijiang Shipbuilding Holdings Ltd., which specializes in dry-bulk carriers, has rallied 83 percent in 2017 to lead the benchmark Straits Times Index. The Chinese shipbuilding firm has made a comeback after it won 13 contracts worth $318 million in the ...

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Why are they pouring big money into malls?

If you are one of those people who thinks America’s retail industry is doing just fine, well, there are three possibilities: You’ve been living under a rock; you think Amazon refers to a South American river; or you’re a real estate developer. As everything from once-mighty department stores to niche clothing chains announce plans to shutter hundreds of locations, and ...

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This town was left to die, and suddenly economists care

Suppose a bunch of economists were to show up in the Virginia town of South Boston to preach the benefits of free trade. How would local people react? In an old, red-brick tobacco warehouse near the Dan River, W.W. “Ted” Bennett Jr. ponders the question. The former state delegate looks over his shoulder, squints a bit, then says with southern ...

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