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Prada Out-Styled by Gucci, Dior in Returns to Investors

Prada SpA, which is scheduled to report results Friday, has delivered lower returns to investors this year than its largest luxury-goods rivals amid declining revenue and margins. Shares of the Hong Kong-traded Italian fashion house gained 5 percent in 2017, well below a Bloomberg gauge of apparel, shoe and leather-goods companies that includes

Why Yale Owns a Forest

In New Hampshire’s Great North Woods, a wilderness of unspoiled lakes and waterfalls just south of Canada, Rick Samson is monitoring a piece of Yale’s $25 billion endowment.From a mud-splattered pickup, Samson, a 71-year-old Coos County commissioner wearing sunglasses, shorts, and a moose T-shirt, watches with disapproval as a pincer

An Activist Investors Latest Tactic: Playing Nice

As Nelson Peltz, founder of Trian Fund Management, angles for a seat on Procter & Gamble Co.’s board, he’s pledging to back social, environmental, and governance issues in ways that may appeal to the consumer-products giant’s institutional investors.Weeks after disclosing its stake in P&G in February, Trian updated its website

Ubers Problems Go Way Beyond Its CEO

Is this the beginning of a new Uber? On Sunday, the ride-hailing startup decided on a new chief executive officer. His name is Dara Khosrowshahi, and he’s known for turning around Expedia Inc., the online travel agent. Khosrowshahi is also the only Uber CEO candidate whose name nobody on the company’s sieve-like board

Would You Let Trump Run Your Company?

In Washington, people struggling to come to terms with figures from the corporate world, luring Rex Tillerson from Exxon Mobil Corp. to run the State Department and a string of Wall Streeters. The stock market initially boomed. Trump’s message to business has been simple: Finally you have an executive in

Australia Pitches Trump on a Plan to Fix Americas Roads and Bridges

Among his many campaign promises, Donald Trump pledged to fix America’s crumbling roads and bridges with finance new construction without incurring new debt. In 2014 the Australian government budgeted A$5 billion ($3.9 billion) over five years to provide incentives to state governments to sell or lease public assets and invest

From the FBI to NASA, Here Are Trumps Research Cuts

The deep cuts to scientific research in President Trump’s first budget request met resistance from Congress. But federal research spending is already slowing. In the first seven months of 2017 the value of R&D contracts awarded by federal agencies fell 16 percent from the same period last year, according to

Russia Braces for Permanent Sanctions From the U.S.

Andrey Kostin, a former Soviet diplomat in London who runs Russia’s second-largest bank, was jubilant when Donald Trump was elected last year. “We may soon see U.S. financial sanctions eased or even lifted,” he said at the time. Now, he’s changed his tune as his state-run VTB Group, like other targeted

How Wells Fargos Troubles Went From Bad to Worse

disclosed yet another snafu, this time over insurance for auto loans, and it’s been accused of malfeasance related to mortgage lending and consumer-overdraft fees. It also faces discrimination complaints and fraud allegations related to shareholder losses. Investors aren’t happy.1. What are the new allegations against Wells Fargo? America’s third-largest lender has

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