Ralph Bahna, a former Trans World Airlines and Cunard executive who expanded business travelers’ options as founder of Club Quarters hotels and chairman of Priceline.com Inc., the “name your own price” website, has died. He was 71.
Jamie Dimon, who built JPMorgan Chase & Co. into the world’s biggest investment bank, said threats to its dominance may come from Beijing, Silicon Valley and a San Francisco-based rival with a stage-coach logo.
The top 10 dealmakers at publicly traded private-equity firms took home at least $1.7 billion in dividends in 2013 as they seized on rallying stock markets to sell stakes in everything from a Chinese insurer to a U.S. theme-park operator to a French floormaker.
The United Auto Workers’ failure to organize employees at an assembly plant in Tennessee operated by Germany’s Volkswagen AG underscores how the union’s members are building a smaller share of vehicles made in the U.S.
Former SAC Capital Advisors LP fund manager Mathew Martoma was portrayed by his lawyer as the victim of a “rush to judgment” by prosecutors looking to use him to bring insider-trading charges against his former boss, Steven A. Cohen.