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Last Build Date: Wed, 20 Sep 2017 20:35:13 GMT

Copyright: Copyright 2017 The New York Times Company

Confident Fed Sets Stage for December Rate Hike

Wed, 20 Sep 2017 18:07:17 GMT

The Federal Reserve noted the impact of three recent hurricanes, including one that was striking Puerto Rico on Wednesday, but said the storms would weigh on the economy only briefly.The Federal Reserve said a trio of punishing hurricanes were unlikely to reduce the pace of economic growth, and it continued to dismantle its stimulus programs.

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Before Wisconsin, Foxconn Vowed Big Spending in Brazil. Few Jobs Have Come.

Wed, 20 Sep 2017 04:01:15 GMT

A Foxconn-owned building in the state of São Paulo, Brazil, in 2012. The company’s plans to build one of the world’s biggest manufacturing hubs in Brazil have stalled.The Taiwanese company’s manufacturing model has not translated easily to other countries, where it faces different social, political and labor conditions.

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Amazon ‘Reviewing’ Its Website After It Suggested Bomb-Making Items

Wed, 20 Sep 2017 17:31:47 GMT

A British TV station said Amazon’s website was prompting customers to buy all the ingredients to make a bomb.A British television news report said that the online retailer’s algorithms were automatically offering items that could be used to create an explosive device.

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Europe Renews Offensive on Silicon Valley With Tax Reforms

Wed, 20 Sep 2017 17:49:23 GMT

Google’s offices, center, in Dublin last year. European Commission officials are investigating Google for allegedly abusing its dominant market position.A new set of proposals presented by officials in Brussels seek to tax technology companies differently, but risk being seen as an effort to target American tech giants.

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Tata Steel and ThyssenKrupp Agree to Create European Steel Giant

Wed, 20 Sep 2017 14:41:24 GMT

A steel worker at a ThyssenKrupp plant in Duisburg, Germany. Under the deal, the company’s German operations could work with Tata Steel’s plant in the Netherlands. The new venture would be based in Amsterdam.The two companies hope a joint venture would be better equipped to tackle chronic problems in the sector. But the deal faces major obstacles.

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Tech Fix: Apple Watch Series 3 Excels, Even if You Don’t Need Cellular

Wed, 20 Sep 2017 19:13:43 GMT

Jeff Williams, Apple’s chief operating officer, presenting features of the new Apple Watch at a company event last week. Cellular connectivity with the smartwatches is likely a luxury that most people probably will not need.Date night without your iPhone? That’s now doable with the new cellular Apple Watch, which for the first time can be untethered from your smartphone. Here’s our review.

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Senate Republicans Embrace Plan for $1.5 Trillion Tax Cut

Wed, 20 Sep 2017 07:00:13 GMT

Senator Bob Corker, Republican of Tennessee, who considers himself a strict deficit hawk, said, “I’m going to want to believe in my heart that we’re going to be lessening deficits, not increasing.”Senate Republicans, abandoning a key fiscal doctrine, agreed to move ahead on a budget that would add to the federal deficit in order to pave the way for a $1.5 trillion tax cut.

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Economic Scene: Unemployment Is So 2009: Labor Shortage Gives Workers an Edge

Wed, 20 Sep 2017 00:32:50 GMT

A worker monitoring an embroidery sewing machine at a mattress factory in New Jersey.Earnings are rising at a pace not seen in almost two decades. Will it be enough to draw more people off the bench and into the job market?

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US Stock Indexes Waver Following Fed Announcement

Wed, 20 Sep 2017 19:45:53 GMT

U.S. stocks are wavering between small gains and losses Wednesday afternoon as investors size up the Federal Reserve's latest economic and interest rate policy update.

Toshiba Reaches Tentative Deal to Sell Microchip Unit

Wed, 20 Sep 2017 16:19:16 GMT

Toshiba’s semiconductor unit is the world’s second-largest producer of NAND flash memory.The board of the Japanese conglomerate is close to an agreement with a group of investors led by Bain Capital, although details must still be finalized.

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As the Clintons Step Back From Global Stage, Bloomberg Steps Up

Tue, 19 Sep 2017 22:20:54 GMT

Last year, Bill and Hillary Clinton announced the end of their signature Clinton Global Initiative conference held during the annual meeting of the United Nations General Assembly.In a symbolic passing of the guard, Mr. Clinton will be the first speaker Wednesday at the Bloomberg Global Business Forum.

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Executive’s Sexist Rant at Kathy Griffin Prompts Backlash

Tue, 19 Sep 2017 23:54:03 GMT

Jeffrey Mezger, the chief executive of KB Home, one of the largest homebuilders in the country.Jeffrey Mezger, the C.E.O. of KB Home, used a crude reference to the female anatomy to refer to the comedian during a dispute over a noise complaint.

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Rolling Stone Faces Revived Lawsuit Over Campus Rape Article

Tue, 19 Sep 2017 18:04:39 GMT

Nicole Eramo, a former associate dean at the University of Virginia, leaving court last year with her lawyer Tom Clare. Ms. Eramo won a $3 million jury award in her lawsuit against Rolling Stone over its discredited article but later reached a settlement with the magazine.An appeals court ruled that a defamation lawsuit involving two members of a fraternity at the center of a discredited article should go back to district court.

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Harvard Endowment Reports ‘Disappointing’ 8.1 Percent Return

Tue, 19 Sep 2017 22:40:31 GMT

Harvard Business School’s Baker Library. The university’s endowment has experienced turnover in recent years.The endowment’s new chief, N.P. Narvekar, said the university’s $37.1 billion fund had problems that would “require time to overcome.”

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Tech We’re Using: Avoiding Cameras While Training the Lens on Food

Wed, 20 Sep 2017 20:25:03 GMT

Pete Wells, The New York Times’s restaurant critic, at a Brooklyn restaurant this month.Pete Wells, The Times’s restaurant critic, discussed how he avoids cameras to protect his identity and how technology has transformed the dining scene.

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If You Shame Them, Will They Pay?

Wed, 20 Sep 2017 19:25:14 GMT

Zoila Darton, left, and Angela Carrasco, who designed the T-shirt they are wearing and later saw one whose style was very close to it on the website of Forever 21.Forever 21 was selling a T-shirt that looked very similar to an indie designer’s. And it’s not the first time the store has come under fire.

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Lillian Ross, Acclaimed Reporter for The New Yorker, Dies at 99

Wed, 20 Sep 2017 19:28:35 GMT

Lillian Ross in 1998.One of her rules of journalism was, “Do not call attention to yourself.” Yet she did just that in a memoir about her long affair with her celebrated editor.

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San Francisco Chefs Serve Up a Message About Climate Change

Wed, 20 Sep 2017 16:34:42 GMT

Karen Leibowitz and Anthony Myint (left), and their new co-chef, Michael Andreatta, at the Perennial, their environmentally friendly restaurant in San Francisco.Karen Leibowitz and Anthony Myint, who started Mission Street Food, have new ideas for the Perennial, their restaurant that promotes sustainability.

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Morning Agenda: Masayoshi Son Warns of the Singularity

Wed, 20 Sep 2017 15:29:14 GMT

Masayoshi Son, the chief executive of SoftBank, spoke at the Mobile World Congress in Barcelona, Spain, in February.The SoftBank founder laid out his predictions for how artificial intelligence will change the world — and how his giant Vision Fund fits into that.

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Building a Better Coral Reef

Wed, 20 Sep 2017 09:00:34 GMT

Neal Cantin collected coral samples from Rib Reef, a section of the Great Barrier Reef off Queensland, Australia.As reefs die off, researchers want to breed the world’s hardiest corals in labs and return them to the sea to multiply. The effort raises scientific and ethical questions.

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At Italian Vogue, a New Beginning

Wed, 20 Sep 2017 03:59:23 GMT

Emanuele Farneti, editor of Italian Vogue, is about as different from his predecessor as possible: in gender and generation, and from a different professional background.When Emanuele Farneti was named editor, the fashion world was shocked. Now he is the host of the biggest party of Milan Fashion Week.

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As Economy Grows, Fed Set to Shrink Bond Holdings

Tue, 19 Sep 2017 22:43:25 GMT

Janet L. Yellen, chairwoman of the Federal Reserve, ends a four-year term in early February. President Trump has not announced whether he will nominate her for a second term.The Federal Reserve is expected to announce on Wednesday it will begin to reduce its bond holdings, signaling confidence in the economy’s health.

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International Tourism to the U.S. Declined in Early 2017

Tue, 19 Sep 2017 17:26:53 GMT

John F. Kennedy Airport in New York. International visitors to the United States declined by close to 700,000 in the first quarter of 2017 compared to the previous year.The figures, released by the U.S. Department of Commerce, included a 10.1 percent drop in European travelers compared to the same period last year.

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Chemical Industry Ally Faces Critics in Bid for Top E.P.A. Post

Wed, 20 Sep 2017 00:08:52 GMT

Michael L. Dourson, nominated by President Trump to oversee the Environmental Protection Agency’s chemical safety programs, was on Capitol Hill last week. Mr. Dourson has spent years helping companies fight restrictions on the use of potentially toxic chemicals in consumer goods.Michael L. Dourson, who has long run a premier firm for the chemical industry, is set for a confirmation hearing before a Senate panel.

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Recent Commercial Real Estate Transactions

Tue, 19 Sep 2017 16:25:16 GMT

A private investor has bought this 11-story tower with 23 vacant apartments for $25 million in Downtown Flushing, Queens.A $25 million apartment tower in Flushing, Queens, was among the recent transactions in New York.

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Square Feet: A Decaying Waterfront in Washington Returns to Life

Wed, 20 Sep 2017 19:13:12 GMT

New slips and a new clubhouse for the venerable Capital Yacht Club are just a few of the features of the waterfront development in Washington called the Wharf.The revitalization of the Wharf follows a pattern in other cities that have transformed industrial and commercial riverfronts into prime destinations.

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Fox Presses for Arbitration or Dismissal in Suit Over Seth Rich Article

Tue, 19 Sep 2017 18:12:43 GMT

The Fox News building in Midtown Manhattan. The company says the plaintiff in the suit, Rod Wheeler, a private detective and Fox contributor, is contractually obligated to arbitrate any disputes.The lawsuit, which makes allegations of defamation and racial discrimination, was filed by a private detective at the center of the article. Fox News says it is “without merit.”

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In Geneva, ‘Dirty Money’ of Another Kind — Flushed Down the Toilet

Tue, 19 Sep 2017 18:28:26 GMT

The European Central Bank plans to phase out the 500-euro note in an effort to curb money laundering and financing of terrorist acts.Prosecutors in the Swiss city are investigating the disposal of about $120,000 in high-denomination bank notes.

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In Grenfell Inquiry, U.K. Weighs 2 Types of Manslaughter Charge

Tue, 19 Sep 2017 13:53:12 GMT

The burned-out shell of Grenfell Tower in London in July. Under British law, an organization — such as a company, a government department or a police force — can be taken to court on charges of causing death through “a gross breach of a relevant duty of care.”The investigation into the London high-rise fire may test laws under which organizations can be prosecuted for deaths. Individual charges are also being considered.

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This German Village Is a Town Based on Time

Tue, 19 Sep 2017 11:29:42 GMT

In the village of Glashütte, Germany, the economy is totally dependent on watchmaking.Brands like A. Lange & Söhne and Nomos are emblematic of the renaissance in fine watchmaking that has taken place in Glashütte.

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An Online Sale Site Caters to Independent Watchmakers

Tue, 19 Sep 2017 11:20:15 GMT

A Place Vendôme model from Czapek & Cie is listed on, Czapek & Cie and De Witt are among the artisanal brands showcased on the new website.

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Richemont Opens an Innovation Lab in Switzerland

Tue, 19 Sep 2017 11:18:36 GMT

The luxury giant Richemont has opened a research and innovation center in Microcity, a think tank and laboratory site in Switzerland.The luxury giant intends for research to benefit its watch and jewelry companies as well as other brands.

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State of the Art: The iPhone 8: A Worthy Refinement Before the Next Generation

Tue, 19 Sep 2017 18:53:49 GMT

The iPhone 8, left, and the 8 Plus both have processors that are significantly faster than the iPhone 7’s.Apple’s new iPhone 8 and 8 Plus have a ring of familiarity. But the phones may feel like a solid upgrade from older models because of their new processor.

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Morning Agenda: Retailers (Not Named Amazon) Continue to Struggle

Tue, 19 Sep 2017 10:32:03 GMT

Toys “R” Us faced a $400 million debt payment next year.The bankruptcy filing by Toys “R” Us shows just how much pain store operators are feeling — and highlighted that more suffering is in store.

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Toys ‘R’ Us Files for Bankruptcy, Crippled by Competition and Debt

Tue, 19 Sep 2017 19:19:48 GMT

Toys “R” Us said it would continue to operate its stores “as usual” during bankruptcy proceedings.The toy store chain will get $3 billion in financing to continue paying employees and suppliers as it deals with Chapter 11.

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DealBook: Fixing the ‘Brain Damage’ Caused by the I.P.O. Process

Tue, 19 Sep 2017 00:22:23 GMT

Eric Ries, an entrepreneur in San Francisco, is leading efforts to start a new Long-Term Stock Exchange, which has backing from venture-capital investors like Marc Andreessen, Reid Hoffman and Steve Case.Entrepreneurs are exploring new ways to list companies on exchanges — and placate stock-holding Silicon Valley employees — while avoiding the pitfalls of initial public offerings.

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Push for Nafta Overhaul May Fall Short, U.S. Negotiator Says

Mon, 18 Sep 2017 23:55:00 GMT

From left, Chrystia Freeland, Canada’s foreign minister, Ildefonso Guajardo Villarreal, Mexico’s economy secretary, and Robert Lighthizer, the United States trade representative, held the second round of negotiations on the North American Free Trade Agreement in Mexico City this month.A tight timeline and ambitious goals leave the Trump administration with a narrow path to success in talks on the North American Free Trade Agreement.

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Prosecutors Open Criminal Investigation Into Equifax Breach

Mon, 18 Sep 2017 22:57:19 GMT

A federal prosecutor in Atlanta said his office and the F.B.I. would investigate the data breach at Equifax.Federal prosecutors and the F.B.I. are investigating a cyberattack that potentially exposed personal data on 143 million Americans.

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And This Year, the Emmy Goes to … Politics

Tue, 19 Sep 2017 14:17:29 GMT

Julia Louis-Dreyfus of “Veep” was among the many winners who mocked President Trump on stage.From “Saturday Night Live” to “The Handmaid’s Tale,” shows with a political — and anti-Trump — viewpoint ruled the day at the Emmy Awards.

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Woman Says Fox News Banned Her After She Accused Charles Payne of Rape

Tue, 19 Sep 2017 01:20:13 GMT

Scottie Nell Hughes filed a lawsuit on Monday alleging that Fox News blacklisted her after she told the network she had been raped by a Fox Business anchor. The political commentator Scottie Nell Hughes said her allegation that Mr. Payne, an anchor on the network, had sexually assaulted her led to her being blacklisted as a guest.

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Student Loan Creditor, Fined for ‘False’ Lawsuits, Must Halt Collections

Mon, 18 Sep 2017 22:50:26 GMT

The National Collegiate Student Loan Trusts, which holds $12 billion in private student loans, agreed to pay nearly $19 million in penalties and borrower refunds.Under a federal settlement, the National Collegiate Student Loan Trusts will refund millions to borrowers and temporarily suspend debt collections.

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The Shift: Best Buy’s Secrets for Thriving in the Amazon Age

Mon, 18 Sep 2017 22:18:14 GMT

A Best Buy store in Manhattan. The company has expanded customer service efforts, including starting an adviser program, which offers customers free in-home consultations about what products to buy and how to install them.Hubert Joly, Best Buy’s chief executive, has reshaped nearly every aspect of the business. He explains the playbook behind the company’s success.

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Laura Ingraham Will Host 10 O’Clock Show as Part of Fox News Shuffle

Mon, 18 Sep 2017 22:04:55 GMT

Laura Ingraham at Trump Tower in Manhattan in December.Ms. Ingraham will host “The Ingraham Angle” weeknights starting Oct. 30 as part of a prime-time shake-up that moves Sean Hannity to 9 p.m.

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U.S. Governors at U.N. Assembly: ‘You Have Allies’ on Climate Change

Mon, 18 Sep 2017 22:59:07 GMT

Gov. Jerry Brown of California at a conference on electric vehicles in Beijing in June. He is one of several United States governors pledging to work with world leaders on climate change, whatever the federal government decides to do.As world leaders gather at the United Nations for the world body’s annual General Assembly, a group of American state governors is taking an increasingly high-profile role on climate change.

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Book News: Will Bill O’Reilly’s Latest ‘Killing’ Book Climb the Charts?

Tue, 19 Sep 2017 01:32:37 GMT

Bill O’Reilly on his Fox News show in 2015. “Killing England: The Brutal Struggle for American Independence,” is the first release in Mr. O’Reilly’s popular history series since Fox fired him.The disgraced TV host is still churning out history books, but without his perch at Fox, can he sell them?

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Itineraries: Those On-Time Flight Numbers? They’re Expected to Decline Next Year

Mon, 18 Sep 2017 19:34:11 GMT

Many major airlines like Delta have partnerships with regional carriers. The on-time data for most of these smaller airlines is not included in the government’s monthly statistics.Starting next year, the government will begin counting flights operated by the big airlines’ regional partners — flights more prone to delays.

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G.M. Workers Strike in Canada as Mexico Jobs Raise Tension

Mon, 18 Sep 2017 19:03:36 GMT

Strikers at the General Motors plant in Ingersoll, Ontario, on Monday.About 2,750 union workers at an Ontario factory staged the nation’s first walkout at an auto assembly plant in 21 years as an impasse was declared in talks.

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