Many laggards are arguably takeover proof because they are seen as vital to national interest or because block holders such as family foundations or estates obstruct change. I just finished teaching a ...

Over the past two years, investors have been taken on quite the roller-coaster ride. The expectation from investors is that these indexes should act as an accurate barometer of stock market health.

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of ...