US equities could tumble 10 percent if legislation disappoints, says Blackstone’s Studzinski

U.S. equity markets could tumble by up to 10 percent if investor hopes for corporation-friendly reform fail to translate into legislation, according to Blackstone Group Vice Chairman John Studzinski. The veteran financier, who joined Blackstone in 2006, advised...

Why Amazon’s explanation for shutting down Diapers.com and Quidsi stunned employees

Last week, Amazon announced it was shutting down Diapers.com and the rest of the Quidsi subsidiary, claiming it hadn’t been able to turn the business profitable. But that narrative doesn’t exactly mesh with what was said at an all-hands meeting just a few...