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NYT > Business Day

Last Build Date: Fri, 30 Sep 2016 14:52:27 GMT

Copyright: Copyright 2016 The New York Times Company

U.S. Paid Insurers Funds Meant for Treasury, Auditors Say

Thu, 29 Sep 2016 23:55:51 GMT

A health insurance fair last November in California, on the first day of open enrollment for the Affordable Care Act.Federal auditors ruled that the Obama administration had violated the law by paying insurers more than allowed under the Affordable Care Act in an effort to hold down insurance premiums.

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Coachella Classic: A Festival for Rock Giants and Their Aging Fans

Wed, 28 Sep 2016 22:49:57 GMT

Preparations for Desert Trip in Indio, Calif., where the Coachella festival is also held.Desert Trip will feature the likes of Bob Dylan, the Rolling Stones and Neil Young, tickets top out at $1,600 and it may never be staged again.

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Wall St. Rises on Consumer Stock Gains

Fri, 30 Sep 2016 14:06:23 GMT

Bank stocks were also doing well a day after slumping over new worries about Deutsche Bank, Germany’s biggest lender.

Deutsche Bank C.E.O. Seeks to Reassure Staff Amid Stock Sell-Off

Fri, 30 Sep 2016 10:49:54 GMT

“Rumors are causing significant swings in our stock price,” John Cryan, the chief executive of Deutsche Bank, said on Friday. “It is our task now to prevent distorted perception from further interrupting our daily business.”John Cryan said that the company had “strong fundamentals” and was subject to “speculation” in the market.

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Wells Fargo’s Reaction to Scandal Fails to Satisfy Angry Lawmakers

Thu, 29 Sep 2016 23:08:24 GMT

John Stumpf, chief executive of Wells Fargo, testified before the House Financial Services Committee on Thursday regarding the bank’s unauthorized customer accounts.John Stumpf, the bank’s leader, told lawmakers the sham accounts were an ethical lapse limited to the 5,300 low-level employees, who were fired.

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Leaderless and Underfunded, N.J. Transit Had Troubles Well Before Fatal Crash

Fri, 30 Sep 2016 00:19:09 GMT

Gov. Chris Christie of New Jersey and Gov. Andrew M. Cuomo of New York spoke at Hoboken Terminal on Thursday, after a train crash killed one person and injured more than 100 others.The agency has been operating without an executive director for nearly a year and has not explained how it will close a $45 million gap in its budget.

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Brands to Ad Agencies: Diversify or Else

Fri, 30 Sep 2016 13:02:10 GMT

The white-male-dominated culture of advertising agencies, as depicted in the TV show “Mad Men,” is still a problem, and some brands are looking for change.Concerned that agencies’ largely white and male leadership is hindering efforts to connect with American consumers, some companies threaten to walk.

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Och-Ziff to Pay Over $400 Million in Bribery Settlement

Fri, 30 Sep 2016 00:20:06 GMT

Daniel S. Och, chief executive officer of Och-Ziff Capital Management Group.OZ Africa Management, a unit of the hedge fund, pleaded guilty to bribing officials in Libya, Chad, Niger, Guinea and the Democratic Republic of Congo.

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In Letter, Redstones Urge Viacom and CBS to Explore Merger

Thu, 29 Sep 2016 20:58:51 GMT

Sumner Redstone with his daughter, Shari Redstone, in 2012.The media mogul Sumner Redstone and his daughter, Shari Redstone, are suggesting an all-stock transaction that would leave them firmly in control.

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Harvard Hires New Endowment Manager From Columbia

Fri, 30 Sep 2016 02:19:48 GMT

The appointment of N.P. Narvekar, who has overseen the impressive growth of Columbia’s endowment, follows several years of lagging returns for Harvard’s investments.

Antigraft Law Stirs Up Wariness Over South Koreans Bearing Gifts

Thu, 29 Sep 2016 13:18:42 GMT

Dining in Seoul. A new law has more South Koreans splitting the check, bucking tradition.The measure, which affects public servants, journalists and teachers, will alter a country where meals, cash and other gifts have long been central to doing business.

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Ex-A.I.G. Chief Parries Inquiries on Offshore Reinsurer in Fraud Trial

Thu, 29 Sep 2016 22:17:16 GMT

The state contends Capco was a sham used to convert into investment losses $163 million in auto insurance losses, duping investors.

U.S. Will Require Its Contractors to Provide Paid Sick Leave

Thu, 29 Sep 2016 12:46:11 GMT

Paola Angel recalls that before New York City’s paid sick leave law took effect, she had to choose between earning a day’s pay and staying home with a sick child.The rule, which is estimated to directly affect more than 1.1 million people, will enable workers to accrue up to seven days for medical care for themselves or relatives.

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Microsoft Reorganizes Its Research Efforts Around A.I.

Thu, 29 Sep 2016 21:28:26 GMT

The company will combine its vaunted research group with the unit focused on products that use artificial intelligence, like Bing and Cortana.

IBM to Acquire Promontory, a Financial Consulting Firm

Thu, 29 Sep 2016 15:33:21 GMT

The Watson immersion room at IBM’s headquarters. IBM said that acquiring Promontory would mesh with its own offerings, including its Watson platform.IBM said that Promontory, which advises banks on regulatory matters, would mesh with its own offerings, including its Watson artificial intelligence platform.

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Qualcomm Is Said to Be in Talks to Buy NXP Semiconductors

Thu, 29 Sep 2016 21:36:17 GMT

A merger of the two companies would be the latest consolidation in the chip-making industry and could be valued at over $30 billion.

Salesforce Is Said to Question Microsoft-LinkedIn Deal in Europe

Thu, 29 Sep 2016 22:37:56 GMT

From left, Marc Benioff, chairman and chief executive of, and Satya Nadella, chief executive of Microsoft.Salesforce, a San Francisco tech company, is said to have questioned whether Microsoft’s takeover of LinkedIn might hinder consumer choice and access to data.

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Law on Disparaging Trademarks Gets Supreme Court Review

Thu, 29 Sep 2016 17:51:57 GMT

Members of a band called the Slants say their goal is to adopt and reform a disparaging term about Asians.The case involves an Asian-American dance-rock band called the Slants, but it also has implications for the Washington Redskins.

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R.B.S. to Rename Investment Bank as It Walls Off Retail Units

Fri, 30 Sep 2016 09:12:06 GMT

The lender plans to group the majority of its British and Western European retail banking operations in a separate entity by the end of 2018.

I.P.O. Values Cloud Company Nutanix at $2.18 Billion

Fri, 30 Sep 2016 00:41:49 GMT

The offering values the seven-year-old company slightly higher than its last funding round in the private markets.

F.C.C. Delays Vote on Cable Set-Top Boxes

Thu, 29 Sep 2016 18:39:33 GMT

Super Bowl 50 between the Denver Broncos and the Carolina Panthers. Consumers now have to rent cable boxes to watch television from cable operators, though alternatives exist.The plan is intended to free consumers from renting the boxes, which cost them $231 a year on average.

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In Venice, Duty-Free Shopping Takes on a Whole New Look

Fri, 30 Sep 2016 11:27:09 GMT

The historic Fondaco dei Tedeschi along the Grand Canal has been remodeled as a lifestyle department store, operated by the duty-free retailer DFS.

Common Sense: Keep the Tax Returns, Trump; Just Give Us a Few Figures

Thu, 29 Sep 2016 18:03:17 GMT

Donald J. Trump spoke at the Polish National Alliance in Chicago on Thursday.Mr. Trump’s adjusted gross income and actual federal taxes paid for the past five years are numbers that any taxpayer can understand.

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Economic View: Debate Night Message: The Markets Are Afraid of Donald Trump

Fri, 30 Sep 2016 14:01:09 GMT

An analysis of financial markets during the debate last Monday suggests stocks would lose 10 to 12 percent of their value if Donald Trump won the election.

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China Manipulates Its Currency, but Not in the Way Trump Claims

Fri, 30 Sep 2016 11:37:32 GMT

Chinese bank notes on a counter in Beijing in March.Various forces are trying to push down the value of the Chinese currency. But Beijing — in a reversal of previous policies — is trying to shore it up.

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Sinosphere: U.S. Lawmakers Urge Greater Scrutiny of Chinese Corporate Purchases

Fri, 30 Sep 2016 07:44:03 GMT

Wang Jianlin, chairman of the Wanda Group, hopes to buy at least a 50 percent stake in one of the “Big Six” Hollywood studios.Sixteen members of Congress are raising questions over the foreign acquisition of American movie theaters and studios.

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Wealth Matters: How Rich Couples Who Aren’t Pitt and Jolie Manage Their Divorces

Fri, 30 Sep 2016 14:51:24 GMT

Angelina Jolie and Brad Pitt with their family in 2011.Financial advisers and lawyers say the easiest negotiations usually involve joint parenting pacts and solid prenuptial agreements.

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How to Pick the Best Credit Card, Based on Rewards

Fri, 30 Sep 2016 13:51:46 GMT

More than a third of Americans haven’t changed their credit card in a decade. But now may be a good time to consider the options.A guide to some of the most recommended cards and the online comparison tools to help you choose.

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Offshore Wind Farms See Promise in Platforms That Float

Thu, 29 Sep 2016 23:25:26 GMT

A 1/52-scale model of a floating wind turbine sits in a wind and wave simulator inside the facility of the Advanced Structures and Composites Center at the University of Maine in Orono.Engineers look to floating platforms to enable wind turbines to move into deeper waters farther from the coast.

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Maine’s ‘Clean’ Medical Marijuana: ‘Organic’ in Disguise

Wed, 28 Sep 2016 16:56:53 GMT

Erica and Jack Haywood, of Love Grown. Love Grown marijuana is labeled Certified Clean Cannabis by Maine Organic Farmers and Gardeners Association.As growers and enterprises see more competition, a new labeling program may help them stay competitive. Just don’t call it “organic.”

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State of the Art: A High-Stakes Bet: Turning Google Assistant Into a ‘Star Trek’ Computer

Wed, 28 Sep 2016 15:49:56 GMT

Google’s new assistant will be incorporated in new products like Google Home, an Amazon Echo-like talking computer.Google is threatened by the decline of web search, so it’s making a bold bet on what comes next: an all-knowing digital helper.

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For Some Newspapers, Endorsing Clinton Means Losing Subscribers

Wed, 28 Sep 2016 23:23:09 GMT

Hillary Clinton at a campaign rally at Wake Technical Community College in Raleigh, N.C., on Tuesday.The Arizona Republic on Tuesday joined several other publications that had broken long traditions of backing Republicans for president.

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More Wealth, More Jobs, but Not for Everyone: What Fuels the Backlash on Trade

Thu, 29 Sep 2016 13:28:05 GMT

Cathy Marsh, a former employee of the steel mill in Granite City, Ill., organized donated food for laid-off workers this month.Trade is under attack in much of the world, because economists failed to anticipate the accompanying joblessness, and governments failed to help.

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Corner Office: Cindy Whitehead: No Nickname? Just Leave That to Me

Fri, 30 Sep 2016 11:30:13 GMT

Cindy Whitehead is chief executive of the Pink Ceiling.The leader of a company that advises women in business builds staff unity by giving her employees nicknames based on the stories they tell over time.

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Virtual Reality’s Possibilities Lure Video Game Developers

Thu, 29 Sep 2016 13:32:38 GMT

Playing Superhypercube at a party in Austin, Tex., where Kokoromi, a virtual reality production team, tested the game.Phil Fish quit video games in 2014 after developing the hit game Fez; now he is part of a team that created a game for the coming Sony PlayStation VR.

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Tech Tip: Take a Picture Quickly in iOS 10

Thu, 29 Sep 2016 16:34:21 GMT

Among other things, Apple’s latest redesign of its mobile operating system changes the lock screen’s shortcut to the iPhone’s camera app.

How Do You Make Turbo Engines More Efficient? Just Add Water

Thu, 29 Sep 2016 23:13:59 GMT

BMW is using a version of Bosch’s WaterBoost technology in its high-performance M4 GTS. BMW officials said they liked the results.Water injection technology is well-known, but has not caught on in consumer autos. Bosch is betting that environmental regulations will help it go mainstream.

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Driven: Video Review: With Genesis, Hyundai Brings a New Luxury Brand to Town

Thu, 29 Sep 2016 15:21:31 GMT

The Genesis has been Hyundai’s upmarket sedan. Now the name has become the automaker’s luxury brand, spiffing up that car and adding the flagship G90.

Mary Weber Novak, Top California Vintner, Dies at 84

Thu, 29 Sep 2016 18:54:14 GMT

Mary Weber Novak at her home in 2006.Ms. Novak took over Spottswoode, her family’s vineyard, and turned it into a top producer of cabernet sauvignon and sauvignon blanc.

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Feature: How Donald Trump Set Off a Civil War Within the Right-Wing Media

Thu, 29 Sep 2016 09:00:04 GMT

Since the candidate clinched the nomination, the green room has become a chilly place.

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Fair Game: Your Mutual Fund Has Your Proxy, Like It or Not

Wed, 28 Sep 2016 18:27:02 GMT

If you invest with a large fund manager, chances are good that your objections to common corporate practices are not getting through.

Phone Makers Could Cut Off Drivers. So Why Don’t They?

Sat, 24 Sep 2016 15:07:13 GMT

Apple and digital giants have developed potentially lifesaving technology to block texting while driving, but it’s still not being deployed.

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In Australia, China’s Appetite Shifts From Rocks to Real Estate

Sat, 24 Sep 2016 09:00:41 GMT

Fragmenting rock by blasting in the Iron Valley iron ore mine in Western Australia.China’s breakneck growth fueled an iron ore boom in Western Australia. Now, Chinese investors are fleeing a cooling economy by investing in Australian homes.

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