Japan’s Big Leak: Where Will the Money Go?

The Bank of Japan's massive new bid for inflation will create growth but to its chagrin much of it may well be concentrated in financial markets and outside of Japan. So long as Japanese consumers ...

Lloyd’s Posts $4.5 Billion Profit for 2012

Lloyd's reported an overall profit of $4.517 billion for 2012, making the $800 million loss in 2011, the costliest year on record for natural catastrophes, a fading memory. Controlled growth in 2012 ...

CEOs Get Merger Bonus When Selling Firms Cheaply

In about one in every four deals, the CEO of an acquired firm is awarded a merger bonus. Also, target shareholders receive inferior premiums when their firms are sold, while their CEOs received a ...