Wall Street Prepares for Big Corporate Profits

Optimism blooms in earnings season After closing the books in the second quarter, executives have the most positive view ever of their company’s profits. Data from FactSet. And this could be a good sign that profitability growth will continue even after the expected recovery from the pandemic economic collapse. Companies started reporting second-quarter earnings this …

Tom Reich, Who Made Big Deals for Baseball Stars, Dies at 82

After the 1979 season, Mr. Reich persuaded the Astros’ general manager, Tal Smith, to give Richard a new five-year contract with a base salary of $200,000 (about $722,000 in today’s money) plus incentives. But weeks later, another leading agent, Dick Moss, hires Astros owner John McMullen to join California Angels’ future Hall of Famer and …