Stock Buybacks Beat Capital Spending for Many Big Companies

Some finance chiefs say they have plenty of money to invest in their businesses, but shortages in the equipment and people needed for new projects are limiting how much they can take on, leaving excess cash for buying back stock.

East Asia’s Economies Face Slowing Growth and Rising Inequality, World Bank Warns

Most countries in East Asia and the Pacific face major setbacks...

Activision Blizzard Agrees to Pay $18 Million to Settle EEOC Probe

The Equal Employment Opportunity Commission had been examining allegations of gender-based...

Ford Fortifies EV Bet With Four New U.S. Factories

The auto giant plans to spend $7 billion to build two...

Walter Scott Jr., Business Partner of Warren Buffett, Dies at Age 90

The longtime CEO of what is now Kiewit Corp., a builder...