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NYT > Business Day

Last Build Date: Mon, 22 Jan 2018 12:59:29 GMT

Copyright: Copyright 2018 The New York Times Company

There Is Nothing Virtual About Bitcoin’s Energy Appetite

Sun, 21 Jan 2018 22:32:28 GMT

An employee at a Bitmain facility in Inner Mongolia, one of the biggest Bitcoin farms in the world.Creating a single token requires as much electricity as two years’ worth of consumption by an average American home. Some enthusiasts believe that’s a problem.

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Richemont, Doubling Down on Online Luxury, May Buy Yoox Net-a-Porter

Mon, 22 Jan 2018 11:51:43 GMT

A Cartier stand at a watchmaking exhibition in Geneva this month. Richemont, the Swiss conglomerate that owns Cartier, also controls other luxury brands, including IWC and Montblanc.The surprise $3.4 billion offer from the Swiss conglomerate came nearly three years after Yoox and Net-a-Porter merged in an all-share deal.

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Sundance, Steeped in Weinstein Mystique, Enters a New Era

Mon, 22 Jan 2018 00:32:49 GMT

The lawyer Gloria Allred, after speaking at a rally over the weekend at the Sundance Film Festival.Harvey Weinstein helped put the Sundance Film Festival on the map. But organizers say this year’s slate, which puts women front and center, shows the festival has moved on.

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After #OscarsSoWhite, Hispanics Seek Their Hollywood Moment

Mon, 22 Jan 2018 03:45:47 GMT

“When will our exclusion matter?” asked Alex Nogales, president of the National Hispanic Media Coalition, a watchdog organization.The last time a Hispanic actor was nominated for an Academy Award was 2012 and, according to a study, only 3 percent of speaking characters in films are Latino.

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Advertising: As Facebook Changes Its Feed, Advertisers See Video Ambitions

Mon, 22 Jan 2018 04:16:21 GMT

Facebook said this month that it was changing what people see in News Feed to make the content more “meaningful.”The changes the social network recently made to its news feed has some advertisers thinking there will be opportunities for growth in video.

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Inside Amazon Go, a Store of the Future

Sun, 21 Jan 2018 15:00:40 GMT

A row of gates guards the entrance to Amazon Go.The technology inside Amazon’s new convenience store, opening Monday in downtown Seattle, enables a shopping experience like no other — including no checkout lines.

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DealBook Briefing: What Will Trump Do in Davos, if He Comes?

Mon, 22 Jan 2018 12:21:29 GMT

He is a populist president, but if he attends the World Economic Forum (a big if, given the government shutdown), will he provoke division or stress unity?

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Sanofi, Facing Threat from Generics, Moves to Buy Hemophilia Drug Maker

Mon, 22 Jan 2018 12:43:58 GMT

Sanofi’s offer would involve paying $105 in cash for each share of Bioverativ, a 64 percent premium on the target company’s closing price on Friday.The $11.6 billion deal for Bioverativ would bolster the French pharmaceutical giant’s portfolio as it faces falling sales for its diabetes drug, Lantus.

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Nicolle Wallace’s Road From the White House to 30 Rock

Sat, 20 Jan 2018 10:00:30 GMT

Nicolle Wallace on the set of “Deadline: White House,” a daily news program on MSNBC where President Trump is her frequent on-air foil.How a former aide to George W. Bush and campaign strategist for John McCain’s 2008 presidential run has became a somewhat unlikely TV star at MSNBC.

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T. Boone Pickens, a Texas-Size Businessman, Calls It Quits

Sat, 20 Jan 2018 12:00:26 GMT

A cantankerous self-made tycoon, Mr. Pickens shook up the oil business, promoted the concept of shareholder value and evangelized for renewable energy.

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Hedi Slimane Taking the Reins at Céline

Sun, 21 Jan 2018 13:40:27 GMT

Hedi Slimane is joining Céline as its artistic, creative and image director.The designer, who reinvigorated Yves Saint Laurent with a hard rock look, now will be directing a brand that has emphasized clothes for working women.

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News Analysis: Populism Is Waning, Which Is Reason to Party in Davos

Mon, 22 Jan 2018 10:00:25 GMT

The World Economic Forum, a gathering of global leaders, begins on Tuesday in Davos, Switzerland. The last time the leaders convened for this meeting, they found themselves in an uncustomary position: in the cross hairs of a global insurrection.As the World Economic Forum convenes in Davos, the powerful are feeling optimistic because of waning worries about populism and global economic growth.

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Nations Seek the Elusive Cure for Cyberattacks

Sun, 21 Jan 2018 11:00:14 GMT

Workers in May at South Korea’s Internet and Security Agency in Seoul watched electronic boards monitoring possible ransomware cyberattacks.Securing the world from these types of attacks will be on the agenda when many of the world’s top leaders gather at the World Economic Forum in Davos this week.

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World Economic Forum: With Davos Approaching, the Global Economy Is Surging, but Growth Could Stall

Sat, 20 Jan 2018 11:00:23 GMT

Outside a Tokyo department store. The Japanese economy is expected to slow this year.A robust and ‘synchronized’ recovery has been slow in coming, and some fear growth will peak next year.

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Nafta Talks Resume and Trump Plans to Speak at Davos Economic Forum

Mon, 22 Jan 2018 02:00:01 GMT

Mexico and Canada are expected to offer their own proposals in the Nafta talks. The government will estimate U.S. economic growth in the fourth quarter.

John Coleman, Co-Founder of the Weather Channel, Dies at 83

Sun, 21 Jan 2018 23:07:43 GMT

John Coleman, right, a founder of the Weather Channel, in 1981 with his co-founder, Frank Batten, publisher of The Virginian-Pilot of Norfolk,Va., and chairman of Landmark Communications.The first weather forecaster on “Good Morning America,” Mr. Coleman started the Weather Channel in 1981, but was forced out after a year.

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‘Greatest Showman’ Becomes a Sleeper Hit as Disrespected Films Flourish

Sun, 21 Jan 2018 18:21:07 GMT

Hugh Jackman stars in “The Greatest Showman,” which has overcome a soft start to become a rare sleeper hit.Movies dismissed by most of Hollywood are dominating the box office, including “Jumanji: Welcome to the Jungle,” which was No. 1 for a third week.

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Peterborough Journal: This City Once Made Much of What Canada Bought. But No More.

Sun, 21 Jan 2018 22:32:57 GMT

The Quaker Oats plant in Peterborough, Ontario. One of the larger and older manufacturing plants still in operation, the factory is an icon in the heart of in the city.With the closing of plants like a 126-year-old G.E. factory, many in Peterborough, Ontario, scoff at the idea that Nafta benefits only Canada and Mexico.

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World Economic Forum: At Davos, Pioneering Women Are Chosen to Lead Again

Sun, 21 Jan 2018 11:00:15 GMT

The seven chairwomen of the World Economic Forum are pushing boundaries around the globe.

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Isabelle Kocher Breaks the Corporate Mold

Sun, 21 Jan 2018 11:00:14 GMT

Isabelle Kocher, chief executive of Engie, one of Europe’s biggest power companies, is one of the seven chairwomen of this year’s World Economic Forum in Davos, Switzerland.The chief executive of the French company Engie is one of the seven chairwomen leading the World Economic Forum this year.

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Resolving Who Owns What Land Lies at Heart of Zimbabwe’s Future

Sat, 20 Jan 2018 21:51:31 GMT

An abandoned homestead in Mazowe, Zimbabwe, in November. Villagers were harassed by the police for years because Grace Mugabe wanted their land.Even as villagers in land coveted by Grace Mugabe celebrated the end of an era, determining who has title to farms is a critical step in Zimbabwe’s development and democratization.

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How Corruption and Cronyism in Banking Fueled Iran’s Protests

Mon, 22 Jan 2018 07:48:32 GMT

Exchange rates posted on a store window on Thursday in Tehran's financial district.Thousands lost their savings in the collapse of shady banks, part of a broader economic system plagued by insider dealing, mismanagement and inefficiency.

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The Longer It Lasts, the More a Shutdown Could Hurt the Economy

Sat, 20 Jan 2018 20:59:21 GMT

A room for Senate appropriations remained empty on Saturday during the shutdown.The early days of the federal government shutdown won’t slow the American economy much, but that could change if the impasse drags out.

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Yes, People Really Are Eating Tide Pods. No, It’s Not Safe.

Sat, 20 Jan 2018 16:26:48 GMT

Poison control centers last year received 10,570 reports of children 5 or younger being exposed to laundry detergent packets.An improbable and dangerous idea promoted on the internet has become a cause for genuine concern, the authorities said.

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Retiring: There’s Community and Consensus. But It’s No Commune.

Sat, 20 Jan 2018 12:00:26 GMT

The Pioneer Valley Cohousing Community in Amherst, Mass., is multigenerational, but some cohousing developments are mostly or exclusively occupied by senior residents.A small movement with an ungainly name, cohousing, is appealing to more people of retirement age — and younger — who no longer want to be isolated.

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Keeping Alaïa Alive: A Designer Died, but His Brand Did Not

Sat, 20 Jan 2018 11:00:02 GMT

Azzedine Alaïa, by Lord Snowdon, 1990. “He didn’t want money or glory, but he wanted his work and the work of designers he admired to be available to the next generation,” Carla Sozzani said of Mr. Alaïa.Two months after Azzedine Alaïa’s death, his company plots a course for the future.

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Herbert Schmertz, Innovative Public-Relations Man, Dies at 87

Sat, 20 Jan 2018 01:44:29 GMT

Herbert Schmertz at a presidential campaign event for Robert F. Kennedy, speaking at rear, in 1968.Mr. Schmertz promoted “advertorials” for Mobil Oil during the 1970s oil shortages and was instrumental in arranging its sponsorship of PBS programs.

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Joe Frank, Spinner of Strange Radio Tales, Is Dead at 79

Sat, 20 Jan 2018 05:16:12 GMT

Joe Frank, whose radio monologues brought listeners to strange new places, in an undated photograph.Delivered in a measured baritone, Mr. Frank’s monologues trod the line between fact and fiction and brought listeners into unusual territory.

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Breakingviews: Trump’s Win on Tax Cuts Could End Up a Rare One

Sat, 20 Jan 2018 00:28:12 GMT

Members of Congress sparred on Friday over proposals to authorize stopgap funding until mid-February.Slashing corporate taxes last month was a Republican success. But the wrangling over a shutdown is indicative of the partisan deadlock to come.

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Christine Beshar, Trailblazing Lawyer, Dies at 88

Fri, 19 Jan 2018 23:59:06 GMT

Christine Beshar, the first woman to become a partner at Cravath, Swaine & Moore, in her office in 1973.She was one of the first female partners at a Wall Street law firm and, in another first, persuaded it to provide on-site emergency child-care.

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Delta Air Lines Tightens Rules for Service and Support Animals

Mon, 22 Jan 2018 04:16:47 GMT

A service dog on a United Airlines plane at Newark Liberty International Airport during a training exercise last year. Delta Air Lines said on Friday it would soon require more documentation for such animals.The carrier will require more preflight documentation as a surge in animals used to aid disabled travelers and offer emotional support has raised safety concerns.

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Bank of America Executive Departs After Misconduct Claim

Fri, 19 Jan 2018 22:54:44 GMT

Omeed Malik, who last week left his job as a managing director at Bank of America, in 2010.The executive, Omeed Malik, was accused of inappropriate sexual conduct with a young woman, according to people briefed on the bank’s investigation.

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The 747 Had a Great Run. But Farewell Doesn’t Mean the End.

Fri, 19 Jan 2018 22:59:53 GMT

The final Boeing 747 flight by any commercial United States airline took to the sky recently, with some tears and farewells. But a new life for the plane beckons.

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Airliners Have Become China’s Newest Means of Pressuring Taiwan

Fri, 19 Jan 2018 21:55:26 GMT

A simulated scramble at Taiwan’s Chiayi Air Force Base in October. China has opened a new route for its airliners in the tense Taiwan Strait that separates China and Taiwan.China has opened a new air route for civilian airliners through the tense Taiwan Strait, at a time when it is also sending bombers and warships near Taiwan.

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Facebook to Let Users Rank Credibility of News

Fri, 19 Jan 2018 23:54:30 GMT

Facebook has been trying to counter charges that not enough is being done to stamp out fake news and disinformation on the social media platform.Facebook said it planned to prioritize high-quality news on its site by allowing its users to rank news sources that they see as the most credible and trustworthy.

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Yesterday In Styles: Remembering That Moment We All Became a ‘Brand’

Fri, 19 Jan 2018 20:56:31 GMT

Jane Pratt, then the editor of Jane, at her office in Manhattan in 1997.How the internet, the self-help industry and the changing nature of celebrity gave rise to the era of “Me, Inc.” in the 1990s.

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Welcome to the Neighborhood: America’s Sports Stadiums Are Moving Downtown

Fri, 19 Jan 2018 22:51:23 GMT

The Golden 1 Center in Sacramento, Calif., home to the N.B.A. Kings, has played a key role in the redevelopment of that city’s downtown.New sports arenas are altering the financial formula for building these behemoths by surrounding themselves with apartments, bars and office towers — not parking lots.

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Street Scene: Why Private Equity Isn’t Cheering the Tax Overhaul

Fri, 19 Jan 2018 20:08:59 GMT

Stephen A. Schwarzman, the chief executive of the Blackstone Group, speaking with President Trump at a meeting with business leaders.The tax overhaul could force private equity firms to change the way they do deals for the first time since the industry got revved up in the 1980s.

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Union Is Formed at Los Angeles Times and Publisher Put on Leave

Sat, 20 Jan 2018 14:05:21 GMT

The Los Angeles Times building. Employees at the newspaper have voted to unionize, reversing more than a century of anti-union sentiment.By a 248-44 vote, newsroom employees defied an anti-union campaign by Tronc management. Later, Ross Levinsohn went on a leave of absence following harassment allegations.

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Wealth Matters: As Big Firms Exit Broker Pact, Investors Are Uneasy

Sat, 20 Jan 2018 16:06:20 GMT

Dennis J. Concilla, a partner in the securities law practice at Carlile Patchen & Murphy, who was involved in the creation of the broker protocol.An alliance over broker recruitment rules is falling apart as wealth management firms threaten legal action to stop departing advisers from taking clients with them.

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Your Money Adviser: Most States Don’t Require Specific Financial Literacy Classes

Fri, 19 Jan 2018 18:58:29 GMT

A new report gave only Alabama, Missouri, Tennessee, Utah and Virginia an A for their efforts. There’s a debate on how best to teach the subject.

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Are Felons Fit to Be Lawyers? Increasingly, the Answer Is Yes

Fri, 19 Jan 2018 20:17:19 GMT

Tarra Simmons, who graduated from law school with honors, ran into a roadblock when she tried to become a licensed lawyer. Her problem: She was a former felon.State licensing boards appear to be more willing than in the past to find that felons have been rehabilitated and should be eligible to practice law.

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Drilling Off Florida Is Still on the Table, Interior Official Says

Fri, 19 Jan 2018 22:24:06 GMT

Ryan Zinke, Secretary of the Interior, in Colorado in July. He announced on Twitter this month that he was “removing Florida from consideration for any new oil and gas platforms.”A surprise statement on Friday undercut last week’s announcement that Florida had been granted an exemption from President Trump’s offshore-drilling plan.

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The Humble Ascent of Oat Milk

Fri, 19 Jan 2018 17:15:04 GMT

See ya, soy! Au revoir, almond! Baristas are pouring a Swedish import that has quietly taken over the nation’s coffee scene.

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My Workout: How Chris Cuomo Looks Buff Without Bodybuilding

Fri, 19 Jan 2018 17:07:07 GMT

Chris Cuomo working out at EVF Performance CrossFit in Manhattan.The host of “New Day” on CNN keeps a tight schedule to balance his work, life and being the parent of three young children.

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Vocations: Curating Band-Aids, Both Modern and Vintage

Fri, 19 Jan 2018 16:02:17 GMT

Margaret Gurowitz, the chief historian for Johnson and Johnson, arranging a display case in the company’s museum in New Brunswick, N.J.As chief historian for Johnson & Johnson, Margaret Gurowitz organizes and maintains its museums, physical and virtual.

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Economic View: Online Courses Are Harming the Students Who Need the Most Help

Fri, 19 Jan 2018 15:21:00 GMT

Online education helps school districts that need to save money make do with fewer teachers. But there is mounting evidence that struggling students suffer.

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Are A.D.M. and Glencore About to Square Off for Bunge? DealBook Briefing

Fri, 19 Jan 2018 22:31:50 GMT

Archer Daniels has approached Bunge about a potential takeover, setting up a possible bidding war with Glencore.

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