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NYT > Business Day

Last Build Date: Fri, 15 Dec 2017 03:35:27 GMT

Copyright: Copyright 2017 The New York Times Company

China’s HNA Keeps Striking Foreign Deals as Banks Wince and Investors Flee

Fri, 15 Dec 2017 01:01:04 GMT

Adam Tan, chief executive of HNA Group, sought to calm investor fears at a media event in Beijing in November. “We will not invest in anything the government does not support,” Mr. Tan said.Executives at the deeply indebted conglomerate say it still enjoys support from lenders, even as bond prices fall and regulators raise questions.

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F.C.C. Repeals Net Neutrality Rules

Fri, 15 Dec 2017 00:59:27 GMT

Ajit Pai, the F.C.C. chairman, said the rollback of the net neutrality rules would eventually help consumers because broadband providers like AT&T and Comcast could offer people a wider variety of service options.In a 3-to-2 vote along party lines, the agency scrapped Obama-era rules meant to protect an open internet.

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Why Net Neutrality Was Repealed and How It Affects You

Thu, 14 Dec 2017 21:47:59 GMT

The Federal Communications Commission voted Thursday to repeal Obama-era net neutrality rules. Here’s what you need to know.

The Streaming Landscape After Disney’s Deal

Fri, 15 Dec 2017 01:32:55 GMT

Netflix has been able to attract subscriptions thanks to original programming like “Stranger Things.”Netflix is the clear leader in the streaming wars, but Disney’s deal with 21st Century Fox changes things. Here’s a look at the various streaming services.

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A.G. Sulzberger, 37, to Take Over as New York Times Publisher

Fri, 15 Dec 2017 03:24:54 GMT

Arthur Sulzberger Jr., the current publisher of The New York Times, and his son, Arthur Gregg Sulzberger, who will assume the job on Jan. 1.An author of the ‘innovation report’ will follow in the footsteps of his father, Arthur Sulzberger Jr., who served as publisher for 25 years.

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Common Sense: The Disney-Fox Deal Has Friends in High Places

Thu, 14 Dec 2017 23:20:52 GMT

Rupert Murdoch, executive chairman of 21st Century Fox, embraces President Trump at an event in New York City in May. Each has described the other as “my good friend.”The Justice Department moved to block AT&T’s attempted acquisition of Time Warner. So why would it approve this $52.4 billion megadeal?

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Disney Makes $52.4 Billion Deal for 21st Century Fox in Big Bet on Streaming

Fri, 15 Dec 2017 00:53:35 GMT

Disney’s chief executive, Robert A. Iger, is steering the company into streaming services to compete with Netflix, Apple, Amazon and Facebook.The acquisition of most of Rupert Murdoch’s entertainment empire makes Disney a true competitor to services like Netflix and Amazon.

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Rupert Murdoch Is Having His King Lear Moment

Thu, 14 Dec 2017 22:49:39 GMT

Rupert Murdoch built his empire by following the motto “buy, buy, buy.” Now he has broken it apart to sell significant pieces to The Walt Disney Company.As he prepares to sell off much of 21st Century Fox, the 86-year-old magnate is testing the ties that bind the family-run fief.

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What Disney Is Getting From Fox

Thu, 14 Dec 2017 12:45:40 GMT

Fox holds the distribution rights to the first “Star Wars” movie (now “Episode IV — A New Hope”) starring Mark Hamill, Carrie Fisher and Harrison Ford.Benefits include overseas assets, a television hit factory, popular film franchises, regional sports networks and a more diverse pool of executives.

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Labor Board Reverses Ruling That Helped Workers Fight Chains

Fri, 15 Dec 2017 02:36:52 GMT

The National Labor Relations Board reversed a ruling that gave unions more leverage to challenge the labor practices at fast-food chains and other franchise operations.Newly under Republican control, the National Labor Relations Board changed the standard for holding a company responsible for a franchisee’s practices.

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Ford Chooses a Detroit Base to Take On Silicon Valley

Thu, 14 Dec 2017 21:31:58 GMT

A rendering of the renovated Detroit garment factory where Ford will base a team working on electric and self-driving cars.The automaker, long absent from the city proper, will create a hub there for work on self-driving and electric cars.

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Wheels: Lamborghini’s Urus Is the Luxury S.U.V. Party’s Most Flamboyant Guest

Thu, 14 Dec 2017 18:15:00 GMT

“This is our ticket to the future,” Mitja Borkert, Lamborghini’s head of design, said of the Urus, which can go nearly 190 miles per hour.The Italian sports car company’s previous S.U.V. predated Porsche’s Cayenne. Its second follows in the Porsche’s footsteps as a beefed-up sports car.

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Teva Pharmaceuticals to Cut 25% of Jobs in Huge Reshaping

Thu, 14 Dec 2017 19:18:07 GMT

A Teva factory in Hungary. The company, the world’s largest maker of generic drugs, plans to close or sell a significant number of manufacturing plants in the United States, Europe, Israel and other markets.The world’s biggest maker of generic drugs has been squeezed by increased competition and lower prices and is saddled with a large amount of debt.

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Murdoch Speaks on the Fox-Disney Merger

Thu, 14 Dec 2017 22:39:06 GMT

Disney's deal to buy most of 21st Century Fox's assets started with an informal chat at Rupert Murdoch's winery.

Breakingviews: Disney’s Fox Deal May Force European Telecoms to Retreat

Thu, 14 Dec 2017 22:15:00 GMT

Under The Walt Disney Company’s deal for 21st Century Fox, Disney would get a stake in the European pay-TV group Sky.With pay-TV group Sky soon to be owned by Disney, some European telecoms may need to scale back their ambitions for producing content.

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Stuart Evey, a Founding Force at ESPN, Is Dead at 84

Fri, 15 Dec 2017 00:32:50 GMT

Mr. Evey in 2004. “There’s absolutely no way Getty would have gone into ESPN without me,” he said.Mr. Evey persuaded his bosses at Getty Oil to invest in the start-up sports network and then helped manage it as it took wing.

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‘Curb Your Enthusiasm’ Will Return for Season 10

Thu, 14 Dec 2017 20:38:25 GMT

Larry David, left, and Lin-Manuel Miranda in “Curb Your Enthusiasm.” The show has been renewed for a tenth season.Larry David’s cringe humor sitcom, which returned this fall after a long hiatus, will begin production on a new season in the spring.

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Breakingviews: Disney Deal Should Erase the Murdoch Discount

Thu, 14 Dec 2017 19:56:15 GMT

The Walt Disney Company’s acquisition of a large portion of Fox is a historic deal for Rupert Murdoch.Disney’s acquisition of a large portion of 21st Century Fox is a historic deal for Rupert Murdoch — and it should erase the discount afflicting his long-suffering shareholders.

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‘Are You Normal?’ Putin Asks U.S. Congress in Annual News Gathering

Thu, 14 Dec 2017 21:08:21 GMT

President Vladimir V. Putin of Russia at the start of his annual news conference in Moscow.As much circus as news conference, the event provided the Russian president with a platform to bolster his campaign and to attack the United States.

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Morgan Spurlock: ‘I Am Part of the Problem’

Fri, 15 Dec 2017 01:20:28 GMT

Morgan Spurlock at the Critics’ Choice Documentary Awards last year. Mr. Spurlock admitted to sexual misconduct and stated that he was “part of the problem.”The filmmaker stepped down from his production company Thursday, after he wrote that he had engaged in sexual misconduct dating to his college days.

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Trump Congratulated Murdoch on the Disney Deal: DealBook Briefing

Thu, 14 Dec 2017 20:36:25 GMT

Sarah Huckabee Sanders at today’s White House news briefing.While the Trump administration has moved to block one media deal, the president offered support to another — and said that it would be a “great thing” for jobs.

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Europe’s Central Bank, Lagging Behind Counterparts, Faces Eventful 2018

Thu, 14 Dec 2017 19:35:33 GMT

Mario Draghi, the president of the European Central Bank, was scheduled to attend the central bank’s final meeting of 2017 on Thursday. The bank has kept its interest rate at zero as the Federal Reserve and the Bank of England have raised their rates.With the central banks of the United States and Britain raising rates, the E.C.B. turns its attention to the year ahead and how fast it should roll back stimulus.

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Tavis Smiley Responds to PBS Suspension of Talk Show After Misconduct Allegations

Thu, 14 Dec 2017 05:38:07 GMT

Tavis Smiley, whose nightly talk show was pulled by PBS, its distributor.The network said it had indefinitely suspended distribution of Mr. Smiley’s nightly program after an investigation found “credible allegations” of inappropriate behavior against him.

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Trump’s E.P.A. Chemical Safety Nominee Withdraws

Thu, 14 Dec 2017 02:12:15 GMT

Michael L. Dourson, President Trump’s nominee to oversee the Environmental Protection Agency’s chemical safety division, at his Senate confirmation hearing in October. In recent weeks, two Republican senators came forward to say they would not support him.The nominee, Michael L. Dourson, had faced criticism on several fronts for his ties to the chemical industry.

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AT&T Agrees to Contract, and Union Backs Time Warner Deal

Thu, 14 Dec 2017 15:26:58 GMT

Workers on strike outside an AT&T store in New York in May. A contract deal with the company would increase pay and job protections.Under the accord, if ratified, 20,000 wireless employees would get better pay and job protection, and the company would bring work back from overseas.

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Netflix Executive Loses Job After Comment on Danny Masterson Rape Allegations

Thu, 14 Dec 2017 00:39:25 GMT

Netflix says it has written the actor Danny Masterson out of the comedy “The Ranch” as the Los Angeles police investigate sexual assault claims against him that date to the 2000s. He has denied the allegations.The executive, Andy Yeatman, unwittingly told a woman who had accused the actor of rape that the company didn’t believe the accusers.

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Joe Biden Comforts Meghan McCain in Heartfelt Exchange on ‘The View’

Thu, 14 Dec 2017 00:24:04 GMT

Senator John McCain, Republican of Arizona, with his daughter Meghan McCain in August. He announced in July that he had glioblastoma, a particularly aggressive type of brain cancer.“One of the things that gave Beau courage, my word, was John,” Mr. Biden told a tearful Ms. McCain. Her father, John McCain, has the same form of cancer that killed his son Beau.

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Anthony Scaduto, an Early Biographer of Dylan, Dies at 85

Thu, 14 Dec 2017 00:17:14 GMT

Anthony Scaduto in 1974. As an author, his subjects included the mobster Lucky Luciano and Mick Jagger as well as Bob Dylan and Bruno Hauptmann.Mr. Scaduto, a journalist with a long tenure at The New York Post, also wrote a book challenging the verdict in the kidnapping of the Lindbergh baby.

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Uber Under Criminal Investigation, Justice Dept. Confirms in Letter to Court

Thu, 14 Dec 2017 01:07:20 GMT

Anthony Levandowski, a former Waymo employee, is accused of stealing trade secrets on driverless cars.A document made public in court on Wednesday is a first acknowledgment by federal authorities of a criminal investigation into the ride-hailing company.

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Republican Tax Bill Overhauls Rules Many Were Counting On

Wed, 13 Dec 2017 23:37:28 GMT

A graduation ceremony at Juilliard in New York. That the bills proposed eliminating or scaling back certain provisions, including tax-free tuition waivers for graduate students, showed the peril of making decisions based on the tax code.The tax bills moving through Congress could penalize individuals for financial decisions they made based on longstanding law, affecting the financial situations of millions.

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Breakingviews: A Fox Deal Would Test Disney

Wed, 13 Dec 2017 22:51:02 GMT

Bob Iger has pulled off other surprising deals, but an acquisition of some of Rupert Murdoch’s media empire is in a different league.

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Vancouver Man Who Promised Riches to Investors Committed Fraud, Panel Says

Wed, 13 Dec 2017 22:37:54 GMT

Paul Se Hui Oei last year with his wife, Loretta Lai, at a Lamborghini dealership in Vancouver.The British Columbia Securities Commission said Paul Se Hui Oei, a prominent immigration consultant, swindled millions of dollars from investors.

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Critical Shopper: Why You Should Love Secondhand Fashion Now

Thu, 14 Dec 2017 23:56:09 GMT

Hermès cuffs at the RealReal consignment boutique in SoHo.The RealReal, the luxury consignment site, has opened its first store.

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Is Christmas a Religious Holiday? A Growing Number of Americans Say No

Thu, 14 Dec 2017 09:50:51 GMT

President Trump and his wife, Melania, at the lighting of the National Christmas Tree near the White House in November.The Pew Research Center said that while most Americans still celebrate Christmas, few of them care that religious elements seem to receive less attention than in the past.

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Walmart Will Let Its 1.4 Million Workers Take Their Pay Before Payday

Thu, 14 Dec 2017 17:58:30 GMT

A Walmart fulfillment center in Bethlehem, Pa. The company is offering payday advances — not loans — through an app called Even. Some critics of the retailer’s labor practices say it should raise wages instead.The retailer is giving its employees early access to part of their paychecks, but some critics of the company say it points to a need to raise wages.

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How the Fed Rate Increase Affects Your Mortgage, Car Loan and Credit Card Bill

Thu, 14 Dec 2017 01:46:46 GMT

Interest rates on credit card debt are expected to increase as a result of Federal Reserve’s action.The fifth increase in the Federal Reserve benchmark interest rate since the financial crisis will have a ripple effect on all types of consumer borrowing.

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Website Helps Movie and TV Fans Keep Track of Hollywood’s ‘Rotten Apples’

Wed, 13 Dec 2017 19:35:38 GMT

A screenshot of the website Rotten Apples after searching for the 1994 film “Pulp Fiction.” The site aims to help users quickly discover which films or television shows are linked to those facing sexual misconduct allegations.Rotten Apples, a new searchable database, aims to help users quickly discover which films or television shows are linked to those facing sexual misconduct allegations.

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The Year in Stuff

Wed, 13 Dec 2017 18:27:39 GMT

The anti-Trump resistance found its emblem in a modest hat. What a long, strange year it has been. Here are the pieces that defined it: what we wore, we carried, wanted, feared and waited for.

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Republican Tax Bill in Final Sprint Across Finish Line

Thu, 14 Dec 2017 17:29:31 GMT

President Trump said at the White House on Wednesday, “We want to give you, the American people, a giant tax cut for Christmas.”House and Senate negotiators reached an agreement on a final bill, and are on track to send it to President Trump by Christmas.

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Tech We’re Using: Busting the Myths About A.I. Invading Our Lives

Thu, 14 Dec 2017 00:32:57 GMT

Cade Metz, a technology reporter, at his desk in San Francisco. While enormous gains have been made in artificial intelligence, there is still a long way to go, he said.Cade Metz, a technology reporter for The Times, assesses the pitfalls of A.I. and the possibilities that Skynet will rule us.

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Arrests of Reuters Reporters in Myanmar Add to Fears About Press Freedom

Thu, 14 Dec 2017 04:27:15 GMT

The journalists Wa Lone, left, and Kyaw Soe Oo at the Reuters office in Yangon, Myanmar, on Monday. The two could face up to 14 years in prison.The two journalists, accused of trying to obtain official documents illegally, could face up to 14 years in prison.

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Tech Tip: 2017’s Best Technology Tips and Tricks: You Asked, We Answered

Wed, 13 Dec 2017 15:49:31 GMT

Readers of The Times’s personal technology section had lots of questions. Here we highlight the most compelling — in terms of their connection to current events or in reader response.

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China Names and Shames Tech Tycoon With Debt Blacklist

Wed, 13 Dec 2017 13:55:08 GMT

Jia Yueting in San Francisco in 2016.The ambitious head of an embattled tech company is the latest casualty of China’s efforts to rein in irresponsible borrowing through public humiliation.

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DealBook Briefing: Disney Deal Expected to Value Fox at Around $40 a Share

Wed, 13 Dec 2017 23:44:03 GMT

If Disney buys Rupert Murdoch’s entertainment empire it would control a movie library that includes popular series like “X-Men,” starring Jennifer Lawrence.Disney’s deal to buy film, television and international businesses from Rupert Murdoch’s Twenty-First Century Fox will value the latter at over $75 billion.

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Google, Looking to Tiptoe Back Into China, Announces A.I. Center

Wed, 13 Dec 2017 20:21:35 GMT

Sundar Pichai, the chief executive of Google, speaking at the World Internet Conference in Wuzhen, China, this month. His company has been looking for ways to re-enter the Chinese market.The move also nods to the country’s growing strengths in artificial intelligence, and is the latest A.I. effort set up by a Western tech company in the country.

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