Last Build Date: Wed, 18 Jan 2017 14:07:17 GMTCopyright: Copyright 2017 The New York Times Company
Tue, 17 Jan 2017 21:52:27 GMTSince 2011, Sears Holdings has shut more than 150 of its big Sears stores and over 350 Kmart stores, and it has just announced the closing of another 150 stores. Sears, as well as other longtime retailers, are struggling because of the Amazon juggernaut.
Wed, 18 Jan 2017 01:17:36 GMTMary T. Barra, the chief executive of General Motors, at a news conference in Detroit in December. The company said on Tuesday that new investments would add or retain a combination of 1,500 jobs at plants it did not identify.In promoting plans to add jobs, some of which have long been in the works, companies help position themselves favorably with the Trump administration.
Wed, 18 Jan 2017 01:58:29 GMTWilbur L. Ross, a billionaire investor whom President-elect Donald J. Trump chose for commerce secretary, reached a divestiture agreement posted on Tuesday by the Federal Office of Government Ethics.Mr. Ross, a billionaire, is likely to face questions at his confirmation hearing Wednesday about his career buying and remaking troubled companies.
Wed, 18 Jan 2017 00:45:41 GMTA trader at the New York Stock Exchange. The bouts of euphoria that followed Election Day have been tempered lately.Investors are concerned about a dollar that has gained too much in value, the potential for trade wars and whether Donald J. Trump can keep his promise to cut taxes.
Wed, 18 Jan 2017 10:00:25 GMTJacob Criminski playing Pokémon Blue while blindfolded. He said he used the sounds of hitting walls to orient himself, and timed direction changes to certain beats of the game’s soundtrack in specific locations.Speed-runners are rushing through classic video games, like Mike Tyson’s Punch-Out!!, without the benefit of sight, and to the delight of others.
Wed, 18 Jan 2017 05:01:02 GMTLiu He in Beijing in 2010. As the top economic adviser to China’s president, Xi Jinping, Mr. Liu has sought to make China’s growth less reliant on rising debt and public spending.Liu He, the top economic adviser to President Xi Jinping, has argued for more open markets. But his agenda could be overwhelmed by fears of fallout from a trade war.
Wed, 18 Jan 2017 00:11:04 GMTMore oil rigs are going up in the Permian Basin, which straddles Texas and New Mexico.Exxon Mobil is the latest company to acquire a major parcel in the fields of West Texas and New Mexico as shale drilling promises a new bounty.
Wed, 18 Jan 2017 01:40:21 GMTMark Zuckerberg spoke in October at an Oculus developers conference in San Jose, Calif., while wearing a virtual reality headset.Oculus, a virtual reality company acquired by Facebook, is accused of stealing elements of the technology that went into its headsets.
Tue, 17 Jan 2017 19:08:13 GMTPresident Xi Jinping of China speaking at the World Economic Forum on Tuesday. He used his moment to mount a defense of economic globalization.Before the World Economic Forum in Davos, Xi Jinping spurned protectionism while implicitly rebuking Donald J. Trump, president-elect of the United States.
Tue, 17 Jan 2017 23:36:47 GMTIn addition to a civil penalty, Deutsche Bank’s settlement with the Justice Department calls for it to provide $4.1 billion in consumer relief.The institution will pay a penalty of $3.1 billion and provide $4.1 billion in consumer relief to homeowners, borrowers and communities.
Tue, 17 Jan 2017 22:38:57 GMTAnthony Scaramucci, a member of the Trump transition team, confirmed on Tuesday that he will join the administration as public liaison and intergovernmental affairs adviser.A consortium led by RON Transatlantic and HNA Capital of China is buying SkyBridge Capital.
Tue, 17 Jan 2017 16:04:16 GMTPrime Minister Theresa May of Britain outlined plans on leaving the European Union in a speech in London on Tuesday.The prime minister’s remarks on exiting the European Union were her first public outline of how Britain plans to leave the bloc.
Tue, 17 Jan 2017 15:00:12 GMTDean Baquet, the executive editor of The New York Times, asked a group of seven journalists to conduct a review of the newsroom and determine a blueprint for its path forward.Among the broad recommendations of an internal report are increasing training and hiring for digital roles and reducing the layers of editing.
Wed, 18 Jan 2017 06:18:28 GMTA South Korean judge questioned Samsung Group leader Jay Y. Lee to decide whether he should be arrested over a possible role in a corruption scandal.
Tue, 17 Jan 2017 09:50:29 GMTPacks of cigarettes at the British American Tobacco factory in Bayreuth, Germany. A deal with Reynolds American would create the world’s largest publicly traded tobacco business, based on net sales.The transaction would create the world’s largest publicly traded tobacco business, with brands that include Camel, Lucky Strike, Newport and Pall Mall.
Wed, 18 Jan 2017 00:11:20 GMTThe trade commission said Qualcomm used its dominant position as a supplier of phone chips to impose “onerous” supply and licensing terms.
Wed, 18 Jan 2017 10:00:25 GMTApp stores backed by giant corporations have created choke points for the internet, which governments are now exploiting.
Tue, 17 Jan 2017 23:54:17 GMTGov. Andrew M. Cuomo of New York this month announced plans to close the Indian Point nuclear power plant north of New York City by 2021. When that happens, the state will lose almost one-quarter of its zero-carbon energy.States like California and New York have been leaders in curbing carbon emissions from energy. But to achieve their goals, both may need to embrace nuclear power.
Mon, 16 Jan 2017 12:48:48 GMTDoris Leuthard, the federal president of Switzerland, faced President Xi Jinping of China at the beginning of a two-day state visit before he headed to Davos to address the World Economic Forum.The globalist elite gather in Switzerland to grapple with the world’s great challenges, but their relevance is in question in a time of Brexit and Trump.
Tue, 17 Jan 2017 13:49:48 GMTPresident-elect Donald J. Trump at a Carrier plant in Indianapolis last month. Presidents can certainly influence the economy, but they can’t control it.We associate presidents with eras — and eras with strong or weak economies. But the reality is more complicated.
Tue, 17 Jan 2017 08:42:48 GMTCustomers lining up outside an Apple store in Tokyo. The Trans-Pacific Partnership would have set new terms and standards for trade for the United States and 11 other Pacific Rim nations, including Japan.Max Baucus, the ambassador to China, and five others told Congress in an open letter that the United States should not cede its position in Asia-Pacific trade to China.
Mon, 16 Jan 2017 16:46:56 GMTA BMW at the New York International Auto Show in 2016. After praising German manufacturing prowess in an interview with Bild, President-elect Donald J. Trump threatened to impose a 35 percent tariff on every car that BMW imported to the United States.The globalized trade in vehicles, in which Detroit owns European brands and German cars come from Alabama, could make it hard to raise barriers.
Tue, 17 Jan 2017 15:58:48 GMTGuilain Vergé, left, and Elisabeth Lavarde worked at a farm near Saulx-les-Chartreux, outside Paris, on Dec. 6, 2016.In towns like Saulx-les-Chartreux, small-scale farming is driven by a thriving market for organic food.
Tue, 17 Jan 2017 17:19:41 GMTAshley Zegiestowsky, who majored in computer sciences at Butler University, now works at BidPal in Indianapolis.The Indiana capital is making up for diminished manufacturing by supporting new technology, and workers are won over by low costs and great amenities.
Tue, 17 Jan 2017 18:22:49 GMTA private investor bought the 1912 six-story building at 547 West 157th Street in Manhattan.Recent commercial real estate transactions in New York City.
Tue, 17 Jan 2017 17:30:20 GMTBecky Harlow Weed at the Harlow Cattle Company in Spanaway, Wash. She sells nearly three-quarters of the approximately 52 grass-fed cattle she slaughters every year to Crowd Cow, rather than to individuals or upscale butcher shops.New start-ups are buying meat from small farms and dividing it into manageable cuts.
Tue, 17 Jan 2017 16:40:43 GMTYou don’t have to be a developer to get a sneak peek at unfinished versions of Windows, but make sure you have the hardware to spare.
Wed, 18 Jan 2017 00:14:13 GMTTwo supporters of the 5-cent plastic bag fee, Councilman Brad Lander, a Democrat from Brooklyn, and Oliver Hardwood, who wore a costume made of hundreds of plastic bags, in Brooklyn on Tuesday.The G.O.P.-controlled chamber passed a bill to kill the 5-cent charge, which is scheduled to take effect in February and is backed by Mayor Bill de Blasio.
Wed, 18 Jan 2017 03:35:50 GMTGov. Andrew M. Cuomo presented the details of his proposed $152.3 billion budget to lawmakers in Albany on Tuesday.Instead of giving a traditional address to the State Legislature, the governor held a series of closed-door meetings with legislators on his $152 billion plan.
Tue, 17 Jan 2017 22:35:46 GMTAmy Schumer and Jerry Seinfeld in “Comedians in Cars Getting Coffee.”Mr. Seinfeld also signed a production deal with the streaming service, which includes performing two stand-up specials and developing other content.
Fri, 13 Jan 2017 08:21:23 GMTThe scientific consensus that all calories are equally fattening is outdated and dangerous.
Fri, 13 Jan 2017 08:21:01 GMTA woman applying for health insurance through the Affordable Care Act.There’s psychology as well as economics in a consumer-based system.