Department stores have been under some pressure to split off their e-commerce operations. It’s an idea that should be left on the shelf. Macy’s Inc has felt the push from activist investor Jana Partners LLC, but says it won’t spin off its e-commerce business. A demerger at Kohl’s Corp is off the agenda because the company is more focused on ...

Bank stocks have tumbled more than most since Russia’s unprovoked invasion of Ukraine — and not just in Europe. Shares in big US banks have also fallen about twice as much as the S&P 500 in percentage terms in the past month. Investors aren’t just worried about loans into Russia and Ukraine: Direct exposures look manageable for even the handful ...

  An immensely brave Ukrainian army, aided by civilians equipped with Molotov cocktails and small arms, is vastly outmatched by Russian armed forces. Nato countries are trying to help by providing more weapons: rifles and machine guns from the Czechs, missile-launchers from the Dutch, antitank missiles from the Estonians, munitions and more antitank weapons from the United States. Even Germany, ...