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home : ny times rss feeds : business January 16, 2018

Workplace Raids Signal Shifting Tactics in Immigration Fight
The Trump administration says its actions show the price of employing workers illegally, a message being felt keenly among the workers themselves.... More >>

G.E. to Take $6.2 Billion Charge Tied to Finance Unit’s Insurance Reserves
The charge is primarily related to long-term care insurance reinsured as part of the GE Capital unit’s legacy insurance portfolio.... More >>

Oil Briefly Reaches $70 as Buoyant Global Economy Bolsters Demand
Tensions in Iran, record-breaking cold weather in the United States and a year of production cuts have contributed to higher prices, and they could go higher still.... More >>

DealBook: BlackRock’s Message: Contribute to Society, or Risk Losing Our Support
Laurence Fink, the chief executive of BlackRock, the $6 trillion investment firm, plans to tell C.E.O.s in a letter that businesses must serve a social purpose.... More >>

Democrats Add Momentum to G.O.P. Push to Loosen Banking Rules
The Senate is poised to approve significant changes to the post-crisis financial law. Some moderate Democrats are supporting the effort, even as their progressive colleagues warn that it’s too risky.... More >>

Chinese Carmaker May Use Fiat Chrysler for Foothold in United States
GAC Motor said it planned to bring an S.U.V. to the United States in 2019. It may use Fiat Chrysler dealerships hungry for new models.... More >>

A Look Behind the Scenes at the Detroit Auto Show
The cars get all the attention, but it takes a lot of muscle to make one of the world’s biggest car shows happen.... More >>

Airbus A380, Once the Future of Aviation, May Cease Production
The world’s largest passenger aircraft may no longer be manufactured if its only major customer, Emirates, does not order any more.... More >>

Dow Jones Industrial Average Crosses 26,000 Points
U.S. stocks climbed in morning trading Tuesday, sending the Dow Jones industrial average past the 26,000-point mark for the first time. Technology, health care and financial stocks accounted for much of the market's gains. Energy companies were the biggest laggard. Investors were sizing up the late... More >>

Citigroup Takes a $22 Billion Tax Hit, but Sees Higher Profits Ahead
Citigroup reported a one-time charge of $22 billion on Tuesday to adjust for the new tax law, but said it expected earnings to rise in the future.... More >>

A Wall Street Giant Makes a $75 Million Bet on Academic Philosophy
Bill Miller, the legendary value investor (and former philosophy student), has given the largest gift ever to a philosophy department, at Johns Hopkins University.... More >>

DealBook Briefing: BlackRock’s Larry Fink Goes Social Activist
The head of the investment giant wants corporate America to focus on social good as well as profits, and has $6 trillion worth of negotiating leverage.... More >>

BP to Take $1.7 Billion Charge Over Deepwater Horizon Spill
The oil giant said that it anticipated cash payments related to the 2010 disaster would be about $3 billion in 2018, up from an earlier estimate.... More >>

Huge Oil Spill Spreads in East China Sea, Stirring Environmental Fears
The disaster could be the worst oil spill in decades, and Greenpeace calls it a threat to “an important spawning ground” for fish and several whale species.... More >>

Raine Takes a Stake in ‘Planet of the Apps’ Creator
The investment in Propagate, which created the first original series for Apple and Twitter, is a bet on new content for a changing media landscape.... More >>

Greece Adopts New Austerity Measures to Placate Creditors
The measures were demanded by international creditors and included cuts to benefits for large families and restrictions on trade unions.... More >>

Tech Tip: Keeping Up With the Meltdown and Spectre Bugs
Companies have rushed to create patches for Meltdown and Spectre — two new major security vulnerabilities — but not everything has gone smoothly.... More >>

Collapse of U.K. Construction Giant Rattles the Government
The contractor, Carillion, worked hand in glove with the government, raising questions about the outsourcing of public services to private companies.... More >>

‘The Greatest Showman’ Soundtrack Repeats at No. 1
The album got a boost from the Golden Globes, where the film won an award for best original song. Ed Sheeran’s “÷” holds at No. 2.... More >>

The Delicate Dance of a Progressive C.E.O. in the Trump Era
J. Clifford Hudson is a Democrat who values diversity at his company, Sonic Drive-In. But he knows that some of his franchise owners and their customers may not share his views.... More >>

Victoria Beckham Draws Uproar Over Superthin Model in Ad Campaign
The fashion designer and former Spice Girl came under fire for the glossy image of a waiflike Lithuanian model in an advertisement for her eyewear line.... More >>

Unbuttoned: Airbrushing Meets the #MeToo Movement. Guess Who Wins.
CVS, the pharmaceutical giant, bans airbrushing of models.... More >>

Philippines Shuts Down News Site Critical of Rodrigo Duterte
The outlet, Rappler, known for confronting the president, was said to have broken ownership rules, but industry groups saw an attack on press freedom.... More >>

The Guardian, Britain’s Left-Wing News Power, Goes Tabloid
The British newspaper won a Pulitzer in 2014 and aggressively expanded overseas. But it has had to cut costs as it tries to stem heavy losses.... More >>

Indonesian Stock Exchange Balcony Collapses, Injuring Scores
The authorities in Jakarta are trying to determine the extent of the injuries after the balcony collapsed at midday, sending people fleeing.... More >>

The Week Ahead: More Bank Earnings, China’s Growth and Sundance Without Weinstein
Four big banks announce fourth-quarter results, an economic giant may be shifting gears and a film festival proceeds without one of its most active shoppers.... More >>

Graydon Carter, Ex-Editor of Vanity Fair, Invests in an App
The music producer Quincy Jones and the mogul Ron Meyer join Mr. Carter, who is now on ‘garden leave,’ in investing in an Instagram-style app called Zig.... More >>

‘Jumanji’ Tops Box Office for a Second Week
The sequel starring Kevin Hart and Dwayne Johnson has now made $283 million domestically, while “The Commuter” saw disappointing totals.... More >>

Detroit Auto Show May Be Celebrating an Era About to End
Three years of record sales mask signs that harder times lie ahead: bigger incentives, more fleet purchases and higher used-car values.... More >>

Big Bets on A.I. Open a New Frontier for Chip Start-Ups, Too
Forty-five young companies are building processors just for artificial intelligence. At least five have raised more than $100 million from investors.... More >>

Advertising: Don’t Listen to Washington, Tourist Organizations Try Telling Foreigners
Persuading travelers to visit the United States didn’t used to be difficult, but things have gotten more complicated. Could marketing help roll out a welcome mat?... More >>

Trump Escalates a Dispute With The Wall Street Journal Over a Quotation
The president said he did not say “I probably have a very good relationship” with the North Korean leader, claiming he said “I’d.” It was difficult to tell from audio clips whether the complaint had merit.... More >>

Plane Skids Off Runway in Turkey: ‘It’s a Miracle We Escaped’
No one was injured, officials said, after the Pegasus Airlines flight “had a runway excursion incident” and its nose ended up feet from the Black Sea.... More >>

Hope Fades for Missing Crew Members as Iranian Oil Tanker Sinks
Iranian state TV said the vessel that had collided with another in the East China Sea and that had been burning for more than week left “no hope” for those onboard.... More >>

In Some Countries, Facebook’s Fiddling Has Magnified Fake News
Last fall, the online giant altered what people in six nations see. Established news sites said their web traffic declined, adding that more bogus stories were shared instead.... More >>

False Missile Warning in Hawaii Adds to Scrutiny of Emergency Alert System
An errant cellphone alert about an incoming ballistic missile set off a panic and prompted calls for major improvements to America’s approach to disaster notification.... More >>

H&M Closes Stores in South Africa Amid Protests Over ‘Monkey’ Shirt
Outrage over a photograph of a black child modeling a sweatshirt with the words “coolest monkey in the jungle” led to protests in several cities.... More >>

Mark Wahlberg and Agency Will Donate $2 Million to Time’s Up After Outcry Over Pay
The donation will be made in the name of Michelle Williams, Mr. Wahlberg’s co-star in the movie “All the Money in the World,” after an outcry about pay discrepancy in reshoots for the film.... More >>

Keith Jackson, Voice of College Football, Dies at 89
Mr. Jackson was synonymous with Saturday college football for millions of fans through five decades.... More >>

Condé Nast Crafts Rules to Protect Models From Harassment
The publishing giant is creating a code of conduct for photo shoots, reflecting a new reality in the fashion industry.... More >>

Buying a Piece of Bob Marley’s Song Catalog, and His Enduring Legacy
Primary Wave, a boutique New York company that aggressively markets “icons and legends”, bought the rights to Marley’s songs in a $50 million deal.... More >>

As Labor Pool Shrinks, Prison Time Is Less of a Hiring Hurdle
A shortage of candidates is providing opportunities to people long shunned by employers and is forcing recruiters to consider new approaches to hiring.... More >>

Is the Stock Market Too Quiet for Its Own Good?
After another strong year, some fear that the rare calm that has descended raises the odds that share prices will descend.... More >>

The Marriage Ended. The Company Thrived.
How Brad Black and Susan Griffin-Black built EO Products into an all-natural skin care juggernaut despite getting a divorce along the way.... More >>

Uranium Miners Pushed Hard for a Comeback. They Got Their Wish.
Hundreds of mining claims fall neatly outside the new boundaries of Bears Ears National Monument, and a Navajo town scarred by uranium is bracing for new woes.... More >>

Chrysler Pacifica Minivans in Recall Over Engine Stalling
The action, affecting 154,000 vehicles from the 2017 model year, was announced after owners filed safety complaints or shared concerns through social media.... More >>

Breakingviews: The New Facebook’s Long-Term Benefit to the Bottom Line
Mark Zuckerberg’s return to focusing more on the welfare of users may limit short-run profits but should improve sustainability.... More >>



Editor, John C. DePrez Jr.; Executive Editor, Carol Rogers; Publishers: IBRC and IAR


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