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NYT > Business Day

Last Build Date: Thu, 29 Jun 2017 00:27:19 GMT

Copyright: Copyright 2017 The New York Times Company

State of the Art: Amazon’s Vision of Computing’s Future: An Information Appliance

Wed, 28 Jun 2017 09:00:25 GMT

Amazon’s new Echo Show smart speaker, which comes with a touch screen, represents the model for a new kind of communal, household computer.

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Mystery of Motive for a Ransomware Attack: Money, Mayhem or a Message?

Thu, 29 Jun 2017 00:26:34 GMT

A laptop screen in Geldrop, Netherlands, displayed a ransom message on Tuesday after it was infected during a worldwide cyberattack.The latest strike, which affected computers from Ukraine to the United States, has intensified worries that such events will become everyday dangers.

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Global Ransomware Attack: What We Know and Don’t Know

Wed, 28 Jun 2017 13:37:12 GMT

A screenshot of what appeared to be the ransomware affecting systems worldwide on Tuesday. The Ukrainian government posted the shot to its official Facebook page.Researchers said the attack had originated in Ukraine, but then spread to at least 64 countries.

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US Stock Market Makes Biggest Gain in 2 Months

Wed, 28 Jun 2017 21:00:48 GMT

The U.S. stock market notched its biggest gain in two months Wednesday, bouncing back from losses a day earlier.

A New Kind of Tech Job Emphasizes Skills, Not a College Degree

Wed, 28 Jun 2017 04:05:13 GMT

Sean Bridges, 25, a cybersecurity analyst for IBM in Rocket Center, W.Va. “I got one big break,” he said. “That’s what I needed.”Programs promoting a skills-based labor market are gaining momentum and changing the way people are hired and trained for tech and other jobs.

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Staples Is Said to Agree to $6.5 Billion Buyout

Wed, 28 Jun 2017 20:29:39 GMT

The retailer Staples is said to have agreed to sell itself to a private equity firm, Sycamore Partners.The private equity firm Sycamore Partners is looking to add the office supply chain to its portfolio of retailers.

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Big Banks Set to Pay Out Largest Dividends in a Decade

Wed, 28 Jun 2017 20:36:10 GMT

The Federal Reserve is requiring Capital One to resubmit its new capital plan.Passing grades on the Fed’s stress tests illustrate how the banking system has sufficiently rebuilt its capital levels since the 2008 financial crisis.

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A Costly Retraction for CNN and an Opening for Trump

Wed, 28 Jun 2017 00:48:28 GMT

Anthony Scaramucci, a close ally of President Trump, disputed a CNN story about himself.The ferocious response on Tuesday to a breakdown in editorial procedures was a reminder of the network’s unique role as a nemesis for the president.

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China Releases Activists Scrutinizing Ivanka Trump Shoe Factory

Wed, 28 Jun 2017 13:47:49 GMT

The activist Hua Haifeng, center, with his son, after he was released from a detention center in southeastern China.Their release on bail means the three men have been thrust into China’s labyrinthine criminal justice system, rather than having been quietly detained for a few days.

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Blue Apron Slashes Share Price for Its I.P.O.

Thu, 29 Jun 2017 00:16:09 GMT

The model of Blue Apron, a meal delivery service, is meant to cater to Americans’ growing desire to cook at home and their appetite for convenient home delivery services.The meal delivery company reduced the expected price for its market debut by about a third from the range it disclosed just last week.

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ABC Settles With Meat Producer in ‘Pink Slime’ Defamation Case

Wed, 28 Jun 2017 16:17:02 GMT

Plant workers producing lean, finely textured beef — also known as “pink slime” — at a Beef Products Inc. facility in South Sioux City, Neb., in 2012.The network did not apologize or retract its reports, which questioned the safety of a common meat product.

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Toshiba Misses Its Deadline for a Deal for Its Microchip Unit

Wed, 28 Jun 2017 06:59:17 GMT

Toshiba shareholders arriving on Wednesday in Chiba, Japan, for an annual meeting. The company is selling a still-undisclosed portion of its valuable microchip business to raise cash.The company’s admission that it had not completed a deal with its chosen buyers came as a rival bidder, Western Digital, said it had submitted a new offer.

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Nestlé, Under Pressure, Plans Buyback and Perhaps Acquisitions

Tue, 27 Jun 2017 22:53:07 GMT

A Nestlé plant in Michigan produces bottled water. The company emphasized on Tuesday that it was prepared to spend to bolster the fast-growing parts of its business.The Swiss food giant, which said its plans to buy back up to $21 billion of its shares were not prompted by Third Point’s suggestions, also said it could pursue acquisitions.

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Sarah Palin Sues New York Times, Claiming Editorial Defamed Her

Wed, 28 Jun 2017 02:28:14 GMT

Sarah Palin at an event last year in Ames, Iowa.Ms. Palin contends that The Times “violated the law and its own policies” when it linked her in an editorial to a mass shooting in January 2011.

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Google Fined Record $2.7 Billion in E.U. Antitrust Ruling

Tue, 27 Jun 2017 13:03:23 GMT

Margrethe Vestager, the European Union antitrust chief, in Brussels on Tuesday. In addition to the Google case, she has previously demanded that Apple pay $14.5 billion in back taxes in Ireland, opened an investigation into Amazon’s tax practices in Europe and raised concerns about Facebook’s dominance over people’s digital data.The search giant must change how it provides some of its services to comply with the competition decision in Europe.

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E.P.A. Moves to Rescind Contested Water Pollution Regulation

Tue, 27 Jun 2017 23:51:13 GMT

The Trump administration has moved to rescind a rule that would have extended existing pollution protections for large bodies of water — such as the Puget Sound in Washington — to include rivers, tributaries and wetlands.Environmentalists strongly supported the rule, which was a key conservation initiative of the Obama administration. But landowners and developers have bitterly opposed it.

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Joshua Newman, a Fitness Entrepreneur, Sentenced to 41 Months in Prison

Tue, 27 Jun 2017 22:08:45 GMT

A CrossFit gym in Manhattan. Mr. Newman was a founder of a CrossFit center there and later created a website for another fitness program, Composite Fitness.Newman, a Yale graduate who left a trail of unpaid debts to investors, had pleaded guilty to wire fraud.

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Trump Interrupts Call to Compliment Female Reporter’s ‘Nice Smile’

Wed, 28 Jun 2017 17:01:38 GMT

Caitriona Perry, the Washington correspondent for Ireland’s RTE News, in the Oval Office with President Trump.Mr. Trump, speaking to the Irish prime minister, said of the reporter, “She has a nice smile on her face so I bet she treats you well.”

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Samsung Joins Ranks of Foreign Firms Adding Jobs in the U.S.

Wed, 28 Jun 2017 22:27:50 GMT

Samsung plans to invest $380 million and hire over 950 workers for a new manufacturing plant for home appliances in South Carolina.The South Korean company said it had considered opening an appliance plant for about three years, but the factory may help it stay on President Trump’s good side.

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Oscars Voting Pool Expands, With Female and Minority Membership Expected to Rise

Wed, 28 Jun 2017 22:00:33 GMT

Naomie Harris in “Moonlight.” She has been invited to join the Academy of Motion Picture Arts and Sciences.The Academy of Motion Picture Arts and Sciences is expanding to a record 8,427 people; if all accept, female and minority membership would rise.

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Entrepreneurship: So Your Dog Works as a Model? Don’t Quit Your Day Job

Wed, 28 Jun 2017 20:32:57 GMT

Benny Hana, Amy Peller’s labradoodle, has appeared in two ad campaigns and a calendar for his breed. “I get to tell people I officially live with a male model,” she said.People whose pets appear in advertising campaigns or other media don’t tend to make a lot of money, but they do get bragging rights.

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Robocalypse Now? Central Bankers Argue Whether Automation Will Kill Jobs

Wed, 28 Jun 2017 20:01:18 GMT

Employees of the German online retailer Zalando preparing customer orders for shipping in Erfurt, Germany. Zalando has invested heavily in hubs like the one in Erfurt and increased automation.At a high-level gathering in Portugal, one of the main topics of debate was whether artificial intelligence could permanently eliminate huge numbers of jobs.

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Tech Fix: Alexa, What Happens if the Echo Has a Screen? You Get This Review

Mon, 26 Jun 2017 16:01:26 GMT

The $230 Echo Show on a bedside table.Amazon’s newest Echo smart speaker has a touch screen. Our reviewer asked whether that made the gadget much different from a smartphone or a tablet.

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News Analysis: As Uber Stumbles, Lyft Sees an Opening, and Bites Its Tongue

Wed, 28 Jun 2017 00:01:24 GMT

John Zimmer, the co-founder and president of Lyft, said of the recent troubles of Uber, “There’s nothing to celebrate in this situation.”It has been a rough, scandal-filled year for Uber. But don’t expect John Zimmer, Lyft’s president, to gloat about his competitor’s misfortunes.

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Economic Scene: When Cutting Access to Health Care, There’s a Price to Pay

Tue, 27 Jun 2017 13:39:51 GMT

One study found that insurance status, more than any other demographic or economic factor, determines the timeliness and quality of health care.In measure after measure of well-being in rich nations, Americans are among the worst off, with costs to the economy and to individuals.

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Turmoil Continues at Pandora Media as Its Chief Executive Resigns

Tue, 27 Jun 2017 23:10:28 GMT

Tim Westergren, a founder of Pandora, is leaving the company 15 months after he took over as chief executive.Tim Westergren, a co-founder of the internet radio pioneer, is leaving as the struggling company as it accepts a $480 million investment from Sirius XM.

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Education Disrupted: How Silicon Valley Pushed Coding Into American Classrooms

Tue, 27 Jun 2017 09:00:36 GMT

Hadi Partovi, co-founder of, a tech-backed nonprofit, is pressing schools to teach computer science. But are tech firms swaying education to serve their own interests?

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New Perk: A Day Off to Take Care of Your Financial Health

Tue, 27 Jun 2017 19:04:08 GMT

CEO Bill Rogers, chief executive of SunTrust Banks, speaks to employees learning to be trainers for an employee financial wellness program.Is financial wellness the employee benefit of the future? SunTrust Banks thinks so, and it wants to expand its personal finance checkup program.

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Critical Shopper: Shopping Without Instagram: It’s Full of Surprises

Tue, 27 Jun 2017 04:00:18 GMT

The clothes at Samuji, on Prince Street in NoLIta, are “roomy.”Ulla Johnson and Samuji, new in NoLIta, reward the accidental shopper.

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What’s at Stake in the Discussions Between Comcast, Charter and Sprint

Tue, 27 Jun 2017 20:45:35 GMT

Masayoshi Son, the chairman of Sprint’s board and the head of Softbank.Companies are looking to merge tech, TV and mobile forces. If a deal takes place, consumers could see more bundles, which could be a good for fans of package deals.

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Advertising on the French Riviera: The Internet Come to Life

Tue, 27 Jun 2017 20:03:44 GMT

The Cannes Lions festival attracts big brands, the top players in technology and boldface names. Our reporter, a first-time attendee, found plenty to observe.

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Square Feet: Putting Delaware’s Protected Coast Back to Work

Tue, 27 Jun 2017 19:30:31 GMT

Remains of a former steel works plant in Claymont, Del. The State Senate is considering a bill that would reopen former industrial sites near the coast like this one for redevelopment.Officials are considering changing a 1971 law protecting coastal areas in hopes that reopening 14 sites to industrial development will create jobs.

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