The Department of Justice announced last week that it would end its reliance on for-profit prisons run by companies such as Corrections Corporation of America and Geo Group. The decision followed an internal study, which found that private prisons tended to be less safe and poorly administered, and provided limited long-term savings for the federal government. Shares of CCA ...

  Bloomberg Saudi Arabian stocks led gains across Gulf equities as an advance in the price of oil helped offset investor caution over the timing of U.S. interest-rate increases. Saudi Arabia’s Tadawul All Share Index rose 1.6 percent, its first increase in six days and biggest climb since April 25. Qatar’s QE Index added 0.6 percent. The Bloomberg GCC 200 ...

  Bloomberg Caution rippled through emerging markets on Friday as traders weighed the impact on risk assets from comments by Federal Reserve policy makers about the timing of an interest-rate increase in the U.S. Assets from developing-nation currencies to global stocks gyrated after Fed Chair Janet Yellen spoke to central bankers and economists in Jackson Hole, Wyoming. While she didn’t ...