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NYT > Business Day

Last Build Date: Thu, 23 Nov 2017 10:06:56 GMT

Copyright: Copyright 2017 The New York Times Company

Millennials’ Lust for Makeup Is the Lipstick on Retail’s Pig

Thu, 23 Nov 2017 01:32:43 GMT

An Ulta Beauty store in Chicago. Young consumers are driving a boom in cosmetics as makeup companies have embraced a growing army of beauty video bloggers to reach their target audience.Young shoppers influenced by videos and social media are spending their money on eye shadow and lipstick, and brands like Ulta and Sephora are thriving.

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‘Junk’ Mines the Milken Era for Truths That Resonate Now

Thu, 23 Nov 2017 10:00:23 GMT

Steven Pasquale, foreground, starring as Robert Merkin in “Junk,” a play by Ayad Akhtar, at the Vivian Beaumont Theater in Lincoln Center. Merkin is a character inspired by the 1980s junk bond trader Michael Milken.Ayad Akhtar’s play portrays the financial excesses of the 1980s — part of what he calls “a collapse of a collective vision” of America — in ways that evoke unsettling new thoughts.

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At UEFA, Mounting Concern About A.C. Milan’s Murky Finances

Wed, 22 Nov 2017 20:15:26 GMT

Milan's chief executive, Marco Fassone, with the team's coach, Vincenzo Montella, and the team director David Han Li before a match on Saturday. Milan is trying to persuade European soccer's governing body, UEFA, to grant it a waiver from so-called financial fair play rules.UEFA will decide early next month whether A.C. Milan, a seven-time European champion, has the financial resources to re-enter its continental championships should it play its way back in.

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China Busts a $3 Billion Underground Bank as It Tightens Its Grip on Money

Thu, 23 Nov 2017 10:01:47 GMT

China has strict currency restrictions that set a $50,000 limit on the money its citizens can move out of the country in a year.The police detained seven people thought to have helped thousands of Chinese circumvent government limits on how much money they can move from the country.

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Retailers’ Recipe for the Holidays: Big Sales; Fewer Seasonal Workers

Thu, 23 Nov 2017 00:32:53 GMT

Melanie Colon recently took a temporary job at a Target store in Queens for the holiday shopping season. “For me,” she said, “it’s about getting back into the work force.”Except for Amazon, most major retailers have scaled back plans for hiring temporary employees during the year’s biggest shopping season, and Walmart is adding almost none.

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Grand Buildings Help Keep Macy’s Afloat

Thu, 23 Nov 2017 05:18:57 GMT

The flagship Macy's store, on New York’s Herald Square, in the early 1900s.The company’s real estate is now worth more than its market value.

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Rollback of Net Neutrality Has Small Businesses Worried

Thu, 23 Nov 2017 01:20:02 GMT

David Callicott runs a small company, GoodLight Natural Candles, in San Francisco. “For such an analog product, we’re heavily reliant on the digital world and the internet for our day-to-day operations,” he said. “The internet, the speed of it, our entire business revolves around that.”Small companies, which have increasingly turned to the internet, worry that a pay-for-play system online could price them out of doing business.

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Fed Remains on Track to Raise Interest Rates Next Month

Wed, 22 Nov 2017 20:33:28 GMT

Job seekers at an Amazon jobs fair in Robbinsville, N.J. The labor market remains strong, a factor most Federal Reserve policy makers think will drive up prices and justify a gradual increase in interest rates.Federal Reserve officials remain united in confusion about why inflation is weak but divided about the consequences.

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Tech Fix: How to Buy a Great TV This Black Friday

Wed, 22 Nov 2017 22:32:53 GMT

Consumers should keep in mind that lighting in a showroom will probably differ from conditions at home.Black Friday tends to be when prices for great TVs drop to their lowest. But there are pitfalls, so we put together a playbook for how to snag the best TV for you.

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Tech We’re Using: How to Cover Rocket Blastoffs With an iPhone

Wed, 22 Nov 2017 15:36:13 GMT

Kenneth Chang, a New York Times reporter who covers space, in the World Trade Center Transportation Hub. He prefers the smaller iPhone SE to the new iPhone X.Space shuttle launches were Earth-rattling when seen in person. Now rocket launches can be covered through an iPhone, says Kenneth Chang, who covers space for The Times.

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Were You a Victim of Russian Propaganda? Facebook Will Help You Find Out

Thu, 23 Nov 2017 00:33:10 GMT

Facebook is trying to assuage critics who said it did not do enough to stop Russian propaganda from spreading on its platform ahead of the 2016 presidential election.Facebook said it was planning to roll out a new tool so you can figure out whether the page or account you followed or liked was run by Russian agents.

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Inside the Race for the Top Job on Wall Street

Wed, 22 Nov 2017 21:09:39 GMT

GOLDMAN - David and Harvey of Sachs NYTCREDIT: Guerin Blask for The New York TimesHarvey Schwartz and David Solomon are vying to run Goldman Sachs. One is a smooth-talking deejay. The other is a publicity-shy black belt in karate.

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Real Estate Agents Mobilize to Shield Homeowners on Tax Plan

Thu, 23 Nov 2017 03:35:46 GMT

A neighborhood in Westwood in northern New Jersey, a state where many homeowners depend on the federal deduction for property taxes.Some economists say the Republican bills, by curbing or eliminating key deductions, could hurt property values, raise mortgage rates and reduce sales.

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Trump Organization Will Exit From Its Struggling SoHo Hotel in New York

Wed, 22 Nov 2017 22:27:29 GMT

The Trump SoHo, a luxury condominium-hotel in Lower Manhattan that has turned into an albatross for the Trump Organization.A restaurant has closed and room rates have been slashed at the Trump SoHo, which has had trouble attracting guests. The president’s company has negotiated a departure.

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Breakingviews: Emerson’s Bid for Rockwell Has a Big Flaw

Wed, 22 Nov 2017 23:12:17 GMT

Emerson Electric’s stock has not performed as well as Rockwell Automation’s.Emerson Electric is unlikely to prevail in its attempt to acquire Rockwell Automation as long as it’s paying partly in stock.

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How to Make Sense of the U.S. Case Against AT&T-Time Warner

Wed, 22 Nov 2017 22:33:21 GMT

The assistant attorney general for the antitrust division, Makan Delrahim, at the United States Department of Justice in Washington.The Justice Department’s suit to block the AT&T and Time Warner merger was a stark departure from decades of leniency toward similar tie-ups.

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George Avakian, Record Producer and Talent Scout, Dies at 98

Wed, 22 Nov 2017 21:46:48 GMT

George Avakian with Louis Armstrong and W.C. Handy, center, in an undated photograph. Mr. Avakian helped popularize the long-playing record and organized the first jazz reissue series, preserving the recorded legacies of Armstrong and other pioneers.Mr. Avakian was a longtime force in the recording industry, helping the careers of Miles Davis, Dave Brubeck, Keith Jarrett and the comedian Bob Newhart.

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The Culture Is Changing, With Feminist Cheese

Wed, 22 Nov 2017 22:19:51 GMT

Erin Bligh and her goats after a morning milking at Dancing Goats Dairy in Newbury, Mass.All across America, cheese making is a great way to trot away from the male herd.

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Economic View: Laptops Are Great. But Not During a Lecture or a Meeting.

Wed, 22 Nov 2017 17:58:27 GMT

A growing body of evidence shows that college students generally learn less when they use computers or tablets during lectures. That is probably true in workplace meetings, too.

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The Mishaps and Milestones of the Macy’s Thanksgiving Day Parade Balloons

Thu, 23 Nov 2017 00:32:46 GMT

Snoopy, seen in 1999, has appeared in the Macy’s Thanksgiving Day Parade 39 times — more than any other character.A hippopotamus sailed over the ocean. A giant cat caused a plane to plummet. Here’s a look at the curious history of the famous balloons.

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G’night Forever, Little Edie! Grey Gardens Is Empty at Last.

Wed, 22 Nov 2017 23:33:21 GMT

Buyers carrying their items down the stairs for purchase.“No extra charge for the cat pee!” said an organizer. But, yes, pricing was a challenge: How to put a monetary value on provenance this rich?

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U.K. Finance Minister Seeks to Placate Angry Young Voters

Wed, 22 Nov 2017 17:34:57 GMT

Philip Hammond on Wednesday at 11 Downing Street, the traditional address of Britain’s chancellor of the Exchequer, before presenting his budget blueprint to Parliament.With Brexit looming large, more-affordable housing featured prominently as Philip Hammond presented his budget to Parliament.

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Giving Thanks, but Not for Turkey-Powered Energy

Wed, 22 Nov 2017 15:21:20 GMT

Turkeys on a farm near Sauk Centre, Minn. “Turkey litter is a good fuel,” said Steve Olson, executive director of the Minnesota Turkey Growers Association. “It’s a valuable resource.”A Minnesota utility wants to shut down a biofuel plant that runs on turkey droppings and wood. Loggers and truckers are suing to save it.

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Entrepreneurship: As ‘Ban the Box’ Spreads, Private Employers Still Have Questions

Thu, 23 Nov 2017 03:36:24 GMT

Dave’s Killer Bread, an Oregon company, formed a foundation that works with government agencies, nonprofit groups and businesses to encourage the hiring of workers who have criminal records.Businesses eager to give former criminals a chance wonder if new job-application laws go far enough. Others worry about liability, hiring delays and more room for racial bias.

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Unearthed Raymond Chandler Story Rebukes U.S. Health Care System

Wed, 22 Nov 2017 22:18:24 GMT

Raymond Chandler, the crime novelist, in 1946. One of his short stories, “It’s All Right — He Only Died,” was recently discovered and published by Strand Magazine, a literary quarterly.You won’t find Philip Marlowe in the crime novelist’s short story “It’s All Right — He’s Dead.” But it explores themes still relevant 60 years after Chandler’s death.

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DealBook Briefing: Nelson Peltz’s Trian Pushes Back as P.&G. Reviews Vote

Thu, 23 Nov 2017 05:00:54 GMT

Nelson Peltz of Trian Fund Management. The investment fund objected to Procter & Gamble’s review of a shareholder vote in which Mr. Peltz narrowly won a seat on the company’s board.Trian Fund Management accused Procter & Gamble of wasting shareholder money contesting a tally that showed Mr. Peltz narrowly winning a board seat.

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State of the Art: Twitter, It’s Time to End Your Anything-Goes Paradise

Thu, 23 Nov 2017 00:07:25 GMT

Twitter should scrap a founding principle — everyone gains equal footing and any behavior is tolerated — and create a new system that rewards positive contributions.

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Skin Deep: His Eye Makeup Is Way Better Than Yours

Wed, 22 Nov 2017 10:00:16 GMT

Jack Bennett (@makeuupbyjack) has more than 300,000 followers. He’s 10.How teenage boys and young men wearing makeup are affecting beauty norms.

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The Getaway: Not Your Typical Cruise Ship

Wed, 22 Nov 2017 10:00:01 GMT

Paddle-boarding in Bora Bora, on a Haumana cruise.New vessels aim for new passengers who are adventurous, design-savvy and, in some cases, younger.

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Washington Has Delivered a Tangled Message on AT&T’s Power

Wed, 22 Nov 2017 16:28:41 GMT

Loosening rules on internet providers would let big companies charge more for their services. But a suit to block a merger signals a tougher stance against big business.

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Fox News to Bolster Its Conservative Lineup With Mark Levin

Wed, 22 Nov 2017 00:40:24 GMT

Mark Levin is an influential figure in conservative circles whose radio show is syndicated on more than 300 stations.Mr. Levin, one of the country’s most prominent right-wing radio hosts, will host a weekly show on Sundays starting in February.

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Will Justice Department’s Lawsuit Derail Deal-Making Boom?

Wed, 22 Nov 2017 00:27:59 GMT

AT&T’s headquarters in Dallas. The company is bidding to take over Time Warner in a year that so far is the third best for mergers worldwide over the past decade.Investment bankers are nervous that the effort to block AT&T’s takeover of Time Warner will cool a hot market for mergers and acquisitions.

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Warning Signs About Another Giant Bitcoin Exchange

Wed, 22 Nov 2017 19:03:13 GMT

Phil Potter is the chief strategy officer of Bitfinex, an unregulated virtual currency exchange. Its size and impact worry even advocates of virtual currencies.On some days, Bitfinex claims to be doing more trades than some stock exchanges. But it has lost millions in two hackings and has no government oversight.

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Breakingviews: Trump Administration Scrambles Its Media Signals

Tue, 21 Nov 2017 23:45:23 GMT

The Justice Department argues that if AT&T acquires Time Warner, which owns HBO, a popular series like “Game of Thrones” could be used to hurt other content distributors.Moves by the Justice Department to block AT&T’s merger with Time Warner and by the F.C.C. to dismantle net neutrality rules make for a blurry regulatory picture.

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Female Investors Express Interest in Weinstein Company

Wed, 22 Nov 2017 16:30:23 GMT

Maria Contreras-Sweet, who led the Small Business Administration under President Barack Obama, is leading an investor group. She has proposed renaming the Weinstein Company and removing Bob Weinstein as chairman.Neither of two investor groups is close to a deal, but their interest shows the factors beyond mere business considerations the embattled studio must address.

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Breakingviews: Ditching ‘Too Big to Fail’ Tag Only Solves Some Problems

Tue, 21 Nov 2017 22:48:49 GMT

Zions Bancorp chief executive Harris Simmons in 2011. Lawmakers have proposed allowing midsize banks like his to be freed of the restrictions placed on institutions that are deemed too big to fail.Zions Bancorp is lobbying watchdogs to nix its too-big status. The change may trim costs and let the bank return more capital. But it won’t improve loan demand.

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Uber Hid 2016 Breach, Paying Hackers to Delete Stolen Data

Wed, 22 Nov 2017 06:55:09 GMT

Uber’s headquarters in San Francisco. The ride-hailing company said information on driver and rider names, emails and telephone numbers had been compromised in a data breach.The company said hackers had stolen 57 million accounts and that the breach was kept secret. In the aftermath, it fired its top security executive.

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Net Neutrality Repeal: What Could Happen and How It Could Affect You

Tue, 21 Nov 2017 23:01:41 GMT

Major telecommunication and broadband companies including Comcast have argued that the internet should not be subject to utility-style government regulation. They say that reduces their incentives to invest and improve service. But supporters of net neutrality rules say repeal will give internet providers too much power.For you and me, the Federal Communications Commission’s plan to repeal net neutrality rules can be boiled down to two questions: What might happen? And who do you trust?

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Meg Whitman to Step Down as Hewlett Packard Enterprise C.E.O.

Wed, 22 Nov 2017 01:38:02 GMT

As Hewlett Packard Enterprise’s chief executive, Meg Whitman cut costs and made partnership deals in an effort to compete with larger rivals.After building eBay into an internet giant, Ms. Whitman took over Hewlett-Packard and split the Silicon Valley icon in two, with mixed results.

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Greece, Looking to Move Past Bailouts, Unveils Ambitious Budget

Tue, 21 Nov 2017 21:56:05 GMT

The country is trying to wean itself off the international assistance that it has relied on in recent years, and is projecting strong economic growth for next year.

John Lasseter, a Pixar Founder, Takes Leave After ‘Missteps’

Wed, 22 Nov 2017 01:41:48 GMT

John Lasseter is the force behind Disney franchises like “Toy Story,” “Cars” and “Frozen.”Mr. Lasseter, who oversees all films made by Pixar and Walt Disney Animation Studios, said he would step away from the company for six months.

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U.S. Bribery Case Sheds Light on Mysterious Chinese Company

Wed, 22 Nov 2017 03:07:11 GMT

President Milos Zeman of the Czech Republic, right, in Shanghai in September 2015 for the signing of agreements between companies from his country and the Chinese conglomerate CEFC.A Justice Department complaint alleges that a vast private Chinese conglomerate used commercial and diplomatic channels to bribe African officials and win contracts.

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Soho House, but Make It Enlightened

Tue, 21 Nov 2017 21:46:27 GMT

A big room of their own.Instead of alcohol and coffee, the Assemblage offers elixirs and tea infusions. Laptops meet meditation cushions and shamanic healing rituals.

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Recent Commercial Real Estate Transactions

Tue, 21 Nov 2017 19:22:58 GMT

A 600-square-foot storefront is available at 149 Avenue C in the East Village.Recent commercial real estate transactions in New York.

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Charlie Rose Fired by CBS and PBS After Harassment Allegations

Tue, 21 Nov 2017 20:14:21 GMT

Charlie Rose, a host of “CBS This Morning” and a “60 Minutes” correspondent, was fired by CBS a day after women accused him of sexual misconduct.David Rhodes, the president of CBS News, noted allegations of “extremely disturbing and intolerable behavior.” Bloomberg also cut ties with the host.

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The Sweet Spot: When the Cable Guy’s a Gal, Some People’s Wires Get Crossed

Tue, 21 Nov 2017 17:04:10 GMT

A reader who loves the days when she’s a force for gender normalization in tech, but hates the on-the-job hazard of sexist assumptions and behaviors.

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Iranian Hacker Charged in HBO Hacking That Included ‘Game of Thrones’ Script

Wed, 22 Nov 2017 05:01:42 GMT

The hacker released the script of an episode of “Game of Thrones” that had not yet been broadcast and also gained access to financial documents, cast and crew contact lists and other emails, the authorities said.A hacker stole 1.5 terabytes of data and leaked several episodes of HBO’s shows while demanding $6 million in Bitcoin, according to U.S. authorities.

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