Last Build Date: Sat, 10 Dec 2016 04:27:14 GMTCopyright: Copyright 2016 The New York Times Company
Sat, 10 Dec 2016 01:48:17 GMT“When we started peeling back the onion, everywhere we looked, it stunk,” said Darron Smith, one of the plaintiffs in a wrongful termination suit against Prudential.Three whistle-blowers have filed a wrongful termination suit against the insurer Prudential, saying they were fired for trying to draw attention to dishonest conduct at Wells Fargo.
Sat, 10 Dec 2016 02:48:50 GMTArnold Schwarzenegger appeared at a news conference about “The New Celebrity Apprentice,” the reality show that he will host and that counts the president-elect among its executive producers.Aides to the president-elect defended his right to profit from the NBC reality show, even as ally Newt Gingrich called the president-elect’s involvement “weird.”
Fri, 09 Dec 2016 22:38:57 GMTNovo Nordisk’s insulin production plant in Chartres, France.Even before the president-elect vowed “to bring down drug prices,” many companies began taking a pre-emptive approach on pricing.
Sat, 10 Dec 2016 00:15:16 GMTEmployees at a Sweetgreen outlet in Berkeley, Calif., a chain where business is said to be “incredibly strong.”Sales and employment are on the rise across the restaurant industry, undercutting claims that the Affordable Care Act has undermined the industry.
Sat, 10 Dec 2016 02:16:13 GMTRex W. Tillerson, the chief executive of Exxon Mobil, has extensive experience working with foreign leaders, which can come under scrutiny during a Senate confirmation hearing.Rex W. Tillerson’s strong ties with Russia could come under scrutiny during a Senate confirmation hearing.
Fri, 09 Dec 2016 23:45:24 GMTGary D. Cohn, the president of Goldman Sachs, is expected to be named director of the National Economic Council, which oversees economic policy in the White House.With the expected naming of Gary Cohn to head the National Economic Council, Donald J. Trump’s economic policy will be shaped chiefly by veterans of the Wall Street firm.
Sat, 10 Dec 2016 01:23:28 GMTShoppers at a Black Friday sale at a jewelry store in Austin, Tex. Consumer confidence levels have jumped to a two-year high.Much of the swelling confidence may come from one political party, but consumers, business leaders and Wall Street show a lot of excitement.
Sat, 10 Dec 2016 00:58:20 GMTDuring the first half of 2016, marketers spent $5.7 billion on Facebook advertising in the United States, according to estimates from the Interactive Advertising Bureau.The social network, which has dealt with similar issues in recent months, is fixing three of its ad-measurement devices after inaccuracies were found.
Fri, 09 Dec 2016 23:26:03 GMTMembers of the United Mine Workers of America passed by Senator Sherrod Brown of Ohio on their way to the Senate visitors’ gallery on Friday.Democrats’ willingness to take the nation to the brink of a government shutdown indicated a willingness to compete on the issues with President-elect Donald J. Trump.
Sat, 10 Dec 2016 04:00:12 GMTPresident Obama giving a speech at MacDill Air Force Base in Tampa, Fla., on Tuesday.American intelligence agencies are said to believe that the Russians sought to promote the election of Donald J. Trump.
Fri, 09 Dec 2016 21:42:57 GMTRupert Murdoch, the executive chairman of 21st Century Fox, which made a bid for the portion of Sky, the British satellite television giant, that it did not already own.The takeover bid came five years after its predecessor company, News Corporation, abandoned a bid to buy the British satellite television operator.
Sat, 10 Dec 2016 03:01:54 GMTPresident-elect Donald J. Trump spoke Friday at a rally for Republican candidates in Baton Rouge, La., a state heavily dependent on the oil and gas industry.Campaigning for G.O.P. candidates in a state dependent on the fossil fuel industry, Mr. Trump also called for the construction of more oil refineries.
Fri, 09 Dec 2016 23:43:12 GMTAs part of its long-term proposal for developing the neighborhood on the South Bronx side of the Harlem River, the city is planning a new intersection at 144th Street and Exterior Street.New York City goes ahead with a $194 million plan to fix up infrastructure on the Bronx side of the Harlem River in anticipation of people and businesses coming with future development.
Fri, 09 Dec 2016 21:20:37 GMTA passenger checking her cellphone before a flight in Boston.The Transportation Department has proposed that passengers be warned if an airline allows voice calls over in-flight Wi-Fi, which most carriers now forbid.
Fri, 09 Dec 2016 23:18:28 GMTA former Cantor Fitzgerald trader has been indicted on charges that he defrauded investors by lying about the price of mortgage bond transactions he handled for them after the financial crisis, U.S. prosecutors said on Friday.
Sat, 10 Dec 2016 00:57:40 GMTA California judge rejected pimping charges Friday against the operators of a major international website advertising escort services that the state attorney general has called the "world's top online brothel," citing federal free speech laws.
Fri, 09 Dec 2016 21:21:30 GMTThe U.S. Department of Transportation on Friday said it will press the auto industry to accelerate the pace of replacements for defective Takata Corp air bag inflators and signaled a likely widening of the industry's largest ever recall.
Fri, 09 Dec 2016 20:42:28 GMTU.S. apparel retailer J. Crew Group Inc is taking steps to negotiate with its creditors about cutting the value of its approximately $2 billion debt load, as its struggles with falling sales, people familiar with the matter said on Friday.
Fri, 09 Dec 2016 01:00:05 GMTAccording to the indictment, the employees, including the C.E.O., offered bribes to doctors to get them to prescribe more of the company’s product, Subsys.
Fri, 09 Dec 2016 01:23:47 GMTLining up for a lottery to buy discounted tickets to the popular Broadway show “Hamilton.”The Better Online Ticket Sales, or BOTS, Act, which takes aim at computer programs that circumvent ticketing websites’ security measures, will now go to President Obama.
Fri, 09 Dec 2016 21:53:02 GMTMuhtar Kent, chief executive of Coca-Cola. The drink maker said on Friday that Mr. Kent would step down from the top job next year.Coca-Cola’s chief executive, Muhtar Kent, will leave that role next year and be succeeded by James Quincey, the chief operating officer.
Fri, 09 Dec 2016 21:30:35 GMTMajor U.S. stock indexes powered to another day of fresh record highs on Friday, with the S&P 500 ending the week up 3 percent, as investors bid up shares in sectors that have lagged in the month-long rally since Donald Trump's presidential election.
Thu, 08 Dec 2016 14:18:43 GMTSatya Nadella, chief of Microsoft, at a shareholders meeting in Bellevue, Wash., last month. He has made a series of smaller deals that have shown positive results.The technology giant has not had a great track record with the companies it acquires. The hope is that it has learned from its mistakes.
Fri, 09 Dec 2016 16:30:22 GMTAndrew J. Ceresney, director of enforcement for the Securities and Exchange Commission. “I think in many ways, we have taken an already strong enforcement program and made it stronger,” he said in an interview.Andrew Ceresney announced plans to leave agency after three years as Wall Street’s regulators continue to wind down their tenures.
Fri, 09 Dec 2016 16:17:11 GMTPassengers at Los Angeles International Airport waiting for Uber drivers, an alternative to cabs and rental cars.Lagging customer service and a host of inconveniences give travelers a long list of reasons to avoid car rental companies altogether.
Fri, 09 Dec 2016 17:08:45 GMT“Management is trying to steal the company from the equity holders,” said John Myrick, a Breitburn holder who works in television post production in Los Angeles. “We know there’s value there.”A case involving Breitburn Energy Partners could offer a lesson for individual investors who are being run over by the company.
Fri, 09 Dec 2016 15:02:55 GMTPoor and working-class Americans have fallen behind the rest of the country. A tweak of the tax system could help them, but it wouldn’t be cheap.
Fri, 09 Dec 2016 08:07:49 GMTXi Jinping, then the vice president of China, visiting the farm of Rick and Martha Kimberley near Maxwell, Iowa, in 2012. The property inspired plans to build a “model farm” in northern China.A proposed “model farm” in China has highlighted its leader’s long relationship with Iowa and Gov. Terry Branstad, Donald J. Trump’s choice for ambassador.
Fri, 09 Dec 2016 13:40:47 GMTLinda Aikey, 62, of Burke, Va., was worried about the implications of long-term care and wanted a way to pay for it.New hybrid policies are less expensive than traditional long-term care insurance, but know your needs and ask some tough questions before deciding.
Fri, 09 Dec 2016 19:04:19 GMTIsabella Bick started writing stories about her life about seven years ago as part of a program called Guided Autobiography. Some of her stories involve the pain of being a refugee when she was a young girl.Some take life-story writing classes, while others hire “personal historians” to record oral histories or to produce videos that combine interviews, home movies and family photos.
Fri, 09 Dec 2016 23:08:14 GMTSince the Nov. 8 election, emerging market shares such as the Chinese internet giant Tencent have fallen, while a broad range of shares in the American market have gained.Shares of several big banks have surged since election night, but some investors see bigger opportunity in the international markets.
Fri, 09 Dec 2016 12:00:25 GMTMax Levchin, chief executive of Affirm.Mr. Levchin’s upbringing in Ukraine while it was part of the Soviet Union had a profound effect on how he approaches leadership.
Fri, 09 Dec 2016 15:33:21 GMTWorkers were candid when asked to describe problems in their department on an annual survey. Nothing changed, and now they wonder how much to rock the boat this year.
Fri, 09 Dec 2016 17:08:54 GMTThe companies promoted the loans as essentially risk-free, federal regulators said. But borrowers can lose their homes through foreclosure if they fail to make necessary payments.
Fri, 09 Dec 2016 16:22:51 GMTJoe Davino at a job site in Lansdale, Pa., last month.Joe Davino, of Tree Top Builders, says he appreciates having a construction job where he can climb maples and oaks and work suspended from ropes.
Sun, 04 Dec 2016 13:52:28 GMTYoung orphaned orangutans on a climbing expedition with their keeper at International Animal Rescue’s orangutan school in West Kalimantan, Indonesia.Global lenders, sometimes flouting their own policies, have financed projects in Indonesia and elsewhere that destroy ecosystems and contribute to climate change.
Sat, 03 Dec 2016 16:21:47 GMTMichael Lewis, author of the best seller “Moneyball,” chronicles an unusual partnership of ideas in his forthcoming book, “The Undoing Project.”The best-selling author studied the work of two psychologists and chronicled their unusual partnership of ideas in the book “The Undoing Project.”
Fri, 02 Dec 2016 20:31:26 GMTThe headquarters of Fannie Mae in Washington. Fannie Mae and Freddie Mac have been under federal government control for more than eight years.By suggesting that the companies would be freed from government control, Steven Mnuchin backed an approach that would benefit small lenders and borrowers.