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home : ny times rss feeds : global business December 11, 2016

Rex Tillerson, Exxon Chief, Is Expected to Be Pick for Secretary of State
Mr. Tillerson’s extensive deal-making around the world has engendered close ties with a number of world leaders, including President Vladimir V. Putin of Russia.... More >>

Bottom Line Nation: How the Twinkie Made the Superrich Even Richer
Behind the financial maneuvering at Hostess, an investigation by The New York Times found a blueprint for how private equity executives have amassed some of the greatest fortunes of the modern era.... More >>

Bottom Line Nation: Just How Much Do the Top Private Equity Earners Make?
In an Equilar-New York Times study, the chieftains of publicly traded private equity firms topped the pay ranks, even outranking tech and media moguls.... More >>

The Rich History of Twinkies
In 1848, Robert B. Ward founded a small bakery on Broome Street in Manhattan. His family would go on to create a baking empire that sold a cream-filled, yellow sponge cake around the world. Below is a look at key moments in the history of Hostess.... More >>

An ‘Apprentice’ Role for Trump Opens Door Wide for Questions
Aides to the president-elect defended his right to profit from the NBC reality show, even as ally Newt Gingrich called the president-elect’s involvement “weird.”... More >>

Goldman Sachs to Extend Its Reach in Trump Administration
With the expected naming of Gary Cohn to head the National Economic Council, Donald J. Trump’s economic policy will be shaped chiefly by veterans of the Wall Street firm.... More >>

Wary Drug Makers Move to Fend Off Further Attacks Under Donald Trump
Even before the president-elect vowed “to bring down drug prices,” many companies began taking a pre-emptive approach on pricing.... More >>

‘Restaurant Recession’ From Health Care Act? Little Evidence
Sales and employment are on the rise in the restaurant industry, undercutting claims by the Trump pick for Labor that the law has undermined the industry.... More >>

Wall Street Is Europe’s Landlord. And Tenants Are Fighting Back.
Huge profits and dubious tax strategies have made investment firms in America the object of frustration and anger, as many Europeans face eviction and fear becoming homeless.... More >>

Russia and Others Join OPEC in Rare, Coordinated Push to Cut Oil Output
An agreement on Saturday between the Organization of the Petroleum Exporting Countries and other big producers like Russia is meant to lift prices.... More >>

Trump’s Honeymoon Begins: Confidence in the Economy Is Booming
Much of the swelling confidence may come from one political party, but consumers, business leaders and Wall Street show a lot of excitement.... More >>

Accusations of Fraud at Wells Fargo Spread to Sham Insurance Policies
Three whistle-blowers have filed a wrongful termination suit against the insurer Prudential, saying they were fired for trying to draw attention to dishonest conduct at Wells Fargo.... More >>

Gun Control Advocates Find a Deep-Pocketed Ally in Big Law
Offering free legal services to the gun control groups, law firms say they are hoping to match the resources, coordination and power of the gun lobby.... More >>

Facebook Reports New Issues With Ad-Counting Tools
The social network, which has dealt with similar issues in recent months, is fixing three of its ad-measurement devices after inaccuracies were found.... More >>

Russian Hackers Acted to Aid Trump in Election, U.S. Says
Officials have “high confidence” in their conclusion partly because of another finding: Russia hacked Republican Party computers but did not release the information.... More >>

21st Century Fox Reaches Preliminary Deal to Buy Sky
The takeover bid came five years after its predecessor company, News Corporation, abandoned a bid to buy the British satellite television operator.... More >>

Donald Trump, in Louisiana, Says He Will End Energy Regulations
Campaigning for G.O.P. candidates in a state dependent on the fossil fuel industry, Mr. Trump also called for the construction of more oil refineries.... More >>

No People in Sight Yet, but South Bronx Gets Ready for Development
New York City goes ahead with a $194 million plan to fix up infrastructure on the Bronx side of the Harlem River in anticipation of people and businesses coming with future development.... More >>

Calls Aren’t Allowed on Planes, but Regulators Consider a Warning Anyway
The Transportation Department has proposed that passengers be warned if an airline allows voice calls over in-flight Wi-Fi, which most carriers now forbid.... More >>

Fair Game: When a Business Faltered, Small Investors Stood Their Ground
A case involving Breitburn Energy Partners could offer a lesson for individual investors who are being run over by the company.... More >>

Your Money: With Uber and Lyft Nearby, Rental Cars May Be Ripe for a Comeuppance
Lagging customer service and a host of inconveniences give travelers a long list of reasons to avoid car rental companies altogether.... More >>

Economic View: What Would It Take to Replace the Pay Working-Class Americans Have Lost?
Poor and working-class Americans have fallen behind the rest of the country. A tweak of the tax system could help them, but it wouldn’t be cheap.... More >>

Fundamentally: How to Play the Trump Stock Market Rally
Shares of several big banks have surged since election night, but some investors see bigger opportunity in the international markets.... More >>

Corner Office: Max Levchin of Affirm: Seeking the Endurance Athletes of Business
Mr. Levchin’s upbringing in Ukraine while it was part of the Soviet Union had a profound effect on how he approaches leadership.... More >>

Bits: Farhad’s and Mike’s Week in Tech: Why Facebook Can’t Count
Facebook has had to issue several corrections about traffic numbers it gives to advertisers. Will marketers rebel?... More >>

Workspace: Selling Yachts in an Office That Rises and Falls With the Tides
Tucker Fallon, a yacht broker, keeps pieces of nautical history in his office, which is on a houseboat in Fort Lauderdale, Fla.... More >>

The Workologist: Where’s the Spot on the Survey That Says, ‘We Told You So’?
Workers were candid when asked to describe problems in their department on an annual survey. Nothing changed, and now they wonder how much to rock the boat this year.... More >>

Vocations: A Treehouse Builder Who’s Having a Ball in the Branches
Joe Davino, of Tree Top Builders, says he appreciates having a construction job where he can climb maples and oaks and work suspended from ropes.... More >>

Wealth Matters: Combine Long-Term Care With Life Insurance? Do the Numbers First
New hybrid policies are less expensive than traditional long-term care insurance, but know your needs and ask some tough questions before deciding.... More >>

Retiring: Telling Their Life Stories, Older Adults Find Peace in Looking Back
Some take life-story writing classes, while others hire “personal historians” to record oral histories or to produce videos that combine interviews, home movies and family photos.... More >>

Iowa Exports Soybeans to China, So Why Not a Whole Farm?
A proposed “model farm” in China has highlighted its leader’s long relationship with Iowa and Gov. Terry Branstad, Donald J. Trump’s choice for ambassador.... More >>

How Big Banks Are Putting Rain Forests in Peril
Global lenders, sometimes flouting their own policies, have financed projects in Indonesia and elsewhere that destroy ecosystems and contribute to climate change.... More >>

From Michael Lewis, a Portrait of the Men Who Shaped ‘Moneyball’
The best-selling author studied the work of two psychologists and chronicled their unusual partnership of ideas in the book “The Undoing Project.”... More >>

Fair Game: Trump Treasury May Mean Independence for Fannie and Freddie
By suggesting that the companies would be freed from government control, Steven Mnuchin backed an approach that would benefit small lenders and borrowers.... More >>

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

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