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NYT > Business Day

Last Build Date: Wed, 18 Jan 2017 14:07:17 GMT

Copyright: Copyright 2017 The New York Times Company

Deal Professor: Sears Clings to Catalog Thinking in an Online World

Tue, 17 Jan 2017 21:52:27 GMT

Since 2011, Sears Holdings has shut more than 150 of its big Sears stores and over 350 Kmart stores, and it has just announced the closing of another 150 stores. Sears, as well as other longtime retailers, are struggling because of the Amazon juggernaut.

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By Announcing New Jobs, Corporations Help Themselves Too

Wed, 18 Jan 2017 01:17:36 GMT

Mary T. Barra, the chief executive of General Motors, at a news conference in Detroit in December. The company said on Tuesday that new investments would add or retain a combination of 1,500 jobs at plants it did not identify.In promoting plans to add jobs, some of which have long been in the works, companies help position themselves favorably with the Trump administration.

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Commerce Pick Wilbur Ross to Divest at Least 80 Holdings

Wed, 18 Jan 2017 01:58:29 GMT

Wilbur L. Ross, a billionaire investor whom President-elect Donald J. Trump chose for commerce secretary, reached a divestiture agreement posted on Tuesday by the Federal Office of Government Ethics.Mr. Ross, a billionaire, is likely to face questions at his confirmation hearing Wednesday about his career buying and remaking troubled companies.

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Run-Up Since Election Slows as Investors Consider Risks

Wed, 18 Jan 2017 00:45:41 GMT

A trader at the New York Stock Exchange. The bouts of euphoria that followed Election Day have been tempered lately.Investors are concerned about a dollar that has gained too much in value, the potential for trade wars and whether Donald J. Trump can keep his promise to cut taxes.

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Hey, Mike Tyson. I Can Beat You Blindfolded.

Wed, 18 Jan 2017 10:00:25 GMT

Jacob Criminski playing Pokémon Blue while blindfolded. He said he used the sounds of hitting walls to orient himself, and timed direction changes to certain beats of the game’s soundtrack in specific locations.Speed-runners are rushing through classic video games, like Mike Tyson’s Punch-Out!!, without the benefit of sight, and to the delight of others.

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U.S.-Trained Official May Shape China’s Response to Trump on Trade

Wed, 18 Jan 2017 05:01:02 GMT

Liu He in Beijing in 2010. As the top economic adviser to China’s president, Xi Jinping, Mr. Liu has sought to make China’s growth less reliant on rising debt and public spending.Liu He, the top economic adviser to President Xi Jinping, has argued for more open markets. But his agenda could be overwhelmed by fears of fallout from a trade war.

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Land Rush in Permian Basin, Where Oil Is Stacked Like a Layer Cake

Wed, 18 Jan 2017 00:11:04 GMT

More oil rigs are going up in the Permian Basin, which straddles Texas and New Mexico.Exxon Mobil is the latest company to acquire a major parcel in the fields of West Texas and New Mexico as shale drilling promises a new bounty.

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Mark Zuckerberg, in Suit, Testifies in Oculus Intellectual Property Trial

Wed, 18 Jan 2017 01:40:21 GMT

Mark Zuckerberg spoke in October at an Oculus developers conference in San Jose, Calif., while wearing a virtual reality headset.Oculus, a virtual reality company acquired by Facebook, is accused of stealing elements of the technology that went into its headsets.

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News Analysis: In Era of Trump, China’s President Champions Economic Globalization

Tue, 17 Jan 2017 19:08:13 GMT

President Xi Jinping of China speaking at the World Economic Forum on Tuesday. He used his moment to mount a defense of economic globalization.Before the World Economic Forum in Davos, Xi Jinping spurned protectionism while implicitly rebuking Donald J. Trump, president-elect of the United States.

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Deutsche Bank and Justice Dept. Complete Deal on Mortgage Crisis

Tue, 17 Jan 2017 23:36:47 GMT

In addition to a civil penalty, Deutsche Bank’s settlement with the Justice Department calls for it to provide $4.1 billion in consumer relief.The institution will pay a penalty of $3.1 billion and provide $4.1 billion in consumer relief to homeowners, borrowers and communities.

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Trump Aide Scaramucci Sells Investment Business to Chinese Consortium

Tue, 17 Jan 2017 22:38:57 GMT

Anthony Scaramucci, a member of the Trump transition team, confirmed on Tuesday that he will join the administration as public liaison and intergovernmental affairs adviser.A consortium led by RON Transatlantic and HNA Capital of China is buying SkyBridge Capital.

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4 Quotes From Theresa May’s Speech and What They Mean

Tue, 17 Jan 2017 16:04:16 GMT

Prime Minister Theresa May of Britain outlined plans on leaving the European Union in a speech in London on Tuesday.The prime minister’s remarks on exiting the European Union were her first public outline of how Britain plans to leave the bloc.

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New York Times Study Calls for Rapid Change in Newsroom

Tue, 17 Jan 2017 15:00:12 GMT

Dean Baquet, the executive editor of The New York Times, asked a group of seven journalists to conduct a review of the newsroom and determine a blueprint for its path forward.Among the broad recommendations of an internal report are increasing training and hiring for digital roles and reducing the layers of editing.

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Samsung Chief Questioned Privately in Arrest Warrant Hearing

Wed, 18 Jan 2017 06:18:28 GMT

A South Korean judge questioned Samsung Group leader Jay Y. Lee to decide whether he should be arrested over a possible role in a corruption scandal.

British American Tobacco to Take Over Reynolds American in $49 Billion Deal

Tue, 17 Jan 2017 09:50:29 GMT

Packs of cigarettes at the British American Tobacco factory in Bayreuth, Germany. A deal with Reynolds American would create the world’s largest publicly traded tobacco business, based on net sales.The transaction would create the world’s largest publicly traded tobacco business, with brands that include Camel, Lucky Strike, Newport and Pall Mall.

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Qualcomm Accused of Anticompetitive Practices by F.T.C.

Wed, 18 Jan 2017 00:11:20 GMT

The trade commission said Qualcomm used its dominant position as a supplier of phone chips to impose “onerous” supply and licensing terms.

State of the Art: Clearing Out the App Stores: Government Censorship Made Easier

Wed, 18 Jan 2017 10:00:25 GMT

App stores backed by giant corporations have created choke points for the internet, which governments are now exploiting.

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Economic Scene: On Climate Change, Even States in Forefront Are Falling Short

Tue, 17 Jan 2017 23:54:17 GMT

Gov. Andrew M. Cuomo of New York this month announced plans to close the Indian Point nuclear power plant north of New York City by 2021. When that happens, the state will lose almost one-quarter of its zero-carbon energy.States like California and New York have been leaders in curbing carbon emissions from energy. But to achieve their goals, both may need to embrace nuclear power.

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DealBook: What to Make of the ‘Davos Class’ in the Trump Era

Mon, 16 Jan 2017 12:48:48 GMT

Doris Leuthard, the federal president of Switzerland, faced President Xi Jinping of China at the beginning of a two-day state visit before he headed to Davos to address the World Economic Forum.The globalist elite gather in Switzerland to grapple with the world’s great challenges, but their relevance is in question in a time of Brexit and Trump.

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Invisible Hand: Presidents Have Less Power Over the Economy Than You Might Think

Tue, 17 Jan 2017 13:49:48 GMT

President-elect Donald J. Trump at a Carrier plant in Indianapolis last month. Presidents can certainly influence the economy, but they can’t control it.We associate presidents with eras — and eras with strong or weak economies. But the reality is more complicated.

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Sinosphere: U.S. Ambassadors in Asia Make Final Plea for Dead Trans-Pacific Trade Pact

Tue, 17 Jan 2017 08:42:48 GMT

Customers lining up outside an Apple store in Tokyo. The Trans-Pacific Partnership would have set new terms and standards for trade for the United States and 11 other Pacific Rim nations, including Japan.Max Baucus, the ambassador to China, and five others told Congress in an open letter that the United States should not cede its position in Asia-Pacific trade to China.

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Trump Attacks BMW and Mercedes, but Auto Industry Is a Complex Target

Mon, 16 Jan 2017 16:46:56 GMT

A BMW at the New York International Auto Show in 2016. After praising German manufacturing prowess in an interview with Bild, President-elect Donald J. Trump threatened to impose a 35 percent tariff on every car that BMW imported to the United States.The globalized trade in vehicles, in which Detroit owns European brands and German cars come from Alabama, could make it hard to raise barriers.

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Saulx-les-Chartreux Journal: Life on the Farm Draws Some French Tired of Urban Rat Race

Tue, 17 Jan 2017 15:58:48 GMT

Guilain Vergé, left, and Elisabeth Lavarde worked at a farm near Saulx-les-Chartreux, outside Paris, on Dec. 6, 2016.In towns like Saulx-les-Chartreux, small-scale farming is driven by a thriving market for organic food.

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Square Feet: How Indianapolis, Long Known as a Manufacturing Center, Is Luring Tech Talent

Tue, 17 Jan 2017 17:19:41 GMT

Ashley Zegiestowsky, who majored in computer sciences at Butler University, now works at BidPal in Indianapolis.The Indiana capital is making up for diminished manufacturing by supporting new technology, and workers are won over by low costs and great amenities.

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Recent Commercial Real Estate Transactions

Tue, 17 Jan 2017 18:22:49 GMT

A private investor bought the 1912 six-story building at 547 West 157th Street in Manhattan.Recent commercial real estate transactions in New York City.

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Grass-Fed Beef, Sold One Cow at a Time

Tue, 17 Jan 2017 17:30:20 GMT

Becky Harlow Weed at the Harlow Cattle Company in Spanaway, Wash. She sells nearly three-quarters of the approximately 52 grass-fed cattle she slaughters every year to Crowd Cow, rather than to individuals or upscale butcher shops.New start-ups are buying meat from small farms and dividing it into manageable cuts.

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Tech Tip: Joining the Windows Testing Team

Tue, 17 Jan 2017 16:40:43 GMT

You don’t have to be a developer to get a sneak peek at unfinished versions of Windows, but make sure you have the hardware to spare.

State Senate Takes Aim at Plastic Bag Fee in New York City

Wed, 18 Jan 2017 00:14:13 GMT

Two supporters of the 5-cent plastic bag fee, Councilman Brad Lander, a Democrat from Brooklyn, and Oliver Hardwood, who wore a costume made of hundreds of plastic bags, in Brooklyn on Tuesday.The G.O.P.-controlled chamber passed a bill to kill the 5-cent charge, which is scheduled to take effect in February and is backed by Mayor Bill de Blasio.

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Cuomo Takes a New Approach in Unveiling His 2017 State Budget Proposal

Wed, 18 Jan 2017 03:35:50 GMT

Gov. Andrew M. Cuomo presented the details of his proposed $152.3 billion budget to lawmakers in Albany on Tuesday.Instead of giving a traditional address to the State Legislature, the governor held a series of closed-door meetings with legislators on his $152 billion plan.

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Jerry Seinfeld Takes ‘Comedians in Cars’ to Netflix

Tue, 17 Jan 2017 22:35:46 GMT

Amy Schumer and Jerry Seinfeld in “Comedians in Cars Getting Coffee.”Mr. Seinfeld also signed a production deal with the streaming service, which includes performing two stand-up specials and developing other content.

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Opinion: Big Sugar’s Secret Ally? Nutritionists

Fri, 13 Jan 2017 08:21:23 GMT

The scientific consensus that all calories are equally fattening is outdated and dangerous.

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Op-Ed Columnist: Do Markets Work in Health Care?

Fri, 13 Jan 2017 08:21:01 GMT

A woman applying for health insurance through the Affordable Care Act.There’s psychology as well as economics in a consumer-based system.

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