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NYT > Business Day

Last Build Date: Sat, 20 May 2017 20:27:20 GMT

Copyright: Copyright 2017 The New York Times Company

Trump Rules: How Rollbacks at Scott Pruitt’s E.P.A. Are a Boon to Oil and Gas

Sat, 20 May 2017 16:37:02 GMT

Devon Energy’s Beaver Creek gas plant outside Riverton, Wyo. The company was prepared to install sophisticated equipment to reduce emissions of hazardous air pollution. Since Scott Pruitt assumed the helm of the Environmental Protection Agency, the company has pulled back from its proposals.The new E.P.A. administrator has a long, helpful history with Devon Energy, going back to his days as attorney general of Oklahoma.

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In Tumult of Trump, Jon Corzine Seeks a Wall Street Comeback

Thu, 18 May 2017 19:31:54 GMT

Jon S. Corzine in his office in Manhattan. He plans to open a hedge fund tailored to the unpredictable swings of the Trump administration.After a number of setbacks, the former New Jersey governor and Goldman Sachs executive is planning his next act: a hedge fund built for the Trump era.

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Saudi Arabia to Invest $20 Billion in Infrastructure, Mostly in U.S.

Sat, 20 May 2017 19:24:03 GMT

The investment company Blackstone says the Saudi sovereign wealth fund has committed the money to a fund that could spend up to $100 billion on infrastructure.

‘The Internet Is Broken’: @ev Is Trying to Salvage It

Sat, 20 May 2017 09:00:38 GMT

“I thought once everybody could speak freely and exchange information and ideas, the world is automatically going to be a better place,” Evan Williams says. “I was wrong about that.”The Twitter co-founder, Evan Williams, reflects on what the social media service has wrought on society and how he is trying to change things with Medium, the publishing site.

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UnitedHealth Overbilled Medicare by Billions, U.S. Says in Suit

Sat, 20 May 2017 00:39:53 GMT

Benjamin Poehling, a former finance director for UnitedHealthcare Medicare and Retirement, filed a whistle-blower lawsuit that the Justice Department has joined.The Justice Department said adjustments to patients’ charts were made to reap greater payments, but the company said it broke no rules.

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Education Dept. Keeps Obama Plan to Streamline Loan System

Sat, 20 May 2017 00:10:02 GMT

Under plans being considered by the Education Department, students at colleges and universities such as Columbia University in New York will see changes to how their federal student loans are managed.The department, led by Education Secretary Betsy DeVos, will carry out an Obama-era plan to streamline the federal system for administering $1.3 trillion in student loans.

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Steven Cohen Makes a Comeback at Premier Hedge Fund Conference

Fri, 19 May 2017 17:31:29 GMT

Barred from managing outside money until next year, the billionaire schmoozed with hedge fund titans, politicians and potential investors.

TV in the Age of Trump: Musicals, Murders and the Military

Sat, 20 May 2017 00:18:31 GMT

David Boreanaz, left, in “SEAL Team,” a CBS drama that will follow the professional and personal lives of SEAL members as they train and carry out missions. CBS executives think the show has the best chance of being a hit among their new programs.Network executives are rolling out several shows with a strong military presence, while also focusing on true-crime sagas involving the Menendez brothers and Gianni Versace.

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AT&T Workers Start 3-Day Strike in Contract Impasse

Fri, 19 May 2017 19:32:06 GMT

An AT&T Wireless store on Delancey Street in Manhattan. Just over half of the workers on strike work for the company’s wireless business.A walkout affecting over 35,000 employees backed protests that call-center jobs were being sent overseas and retail work diverted to nonunion stores.

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Fiat Chrysler to Modify 100,000 Vehicles After Accusations of Emissions Cheating

Fri, 19 May 2017 16:44:29 GMT

Fiat Chrysler cars at the North American International Auto Show in Detroit in January.The company said it would issue a software update for the vehicles as part of efforts to reach a settlement with United States regulators.

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Victims Call Hackers’ Bluff as Ransomware Deadline Nears

Sat, 20 May 2017 16:10:06 GMT

Monitoring the spread of ransomware cyberattacks at the Korea Internet and Security Agency in Seoul, South Korea, on Monday. Many of those affected by the virus said they would not or could not pay the ransom.Some affected users are standing defiant or pleading poverty, resulting in a far smaller ransom take than expected.

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Uber Threatens to Fire Star Engineer in Legal Battle Over Driverless Cars

Fri, 19 May 2017 15:58:34 GMT

A self-driving Uber car in Pittsburgh last year. Uber has been accused by Waymo of conspiring with a former Google engineer to steal trade secrets from Google.The company’s top lawyer ordered Anthony Levandowski to comply in a lawsuit brought by Waymo, a self-driving car business, or face “adverse employment action.”

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Meet the People Facing Trump’s Budget Cuts

Fri, 19 May 2017 09:11:23 GMT

Ruben Gonzalez with his daughter Roxanne and his wife, Lucia Rodriguez, on a weekly trip for bottled water.The Community Development Block Grant has been criticized as inefficient. We explored the impact the program has had on American families.

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At Fox News, Another Prominent Host Is Fired, and Another Week of Tough Headlines

Sat, 20 May 2017 01:10:10 GMT

Bob Beckel, second from left, with other hosts of “The Five” on Fox News. The network fired Mr. Beckel on Friday for making a racially insensitive remark to a black co-worker.The dismissal of Bob Beckel, a host of “The Five,” is the latest setback for a network coping with a harassment and bias scandal and the death of its founder.

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Common Sense: Washington Post, Breaking News, Is Also Breaking New Ground

Fri, 19 May 2017 11:00:26 GMT

The newsroom of The Washington Post. Recent scoops about the administration have further enhanced what the news organization says is a highly successful strategy for impactful, profitable journalism in a digital age.As with Watergate, the paper’s scoops about the administration are helping shape the national conversation. They are also driving its digital success.

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Fair Game: Dubious Corporate Practices Get a Rubber Stamp From Big Investors

Fri, 19 May 2017 21:20:21 GMT

Last year BlackRock and Vanguard voted their clients’ shares in support of Alcoa’s board and Klaus Kleinfeld, then its chief executive.Arconic, the industrial materials company that spun off Alcoa, has been treated with kid gloves by big asset managers. Thursday’s annual meeting could change things.

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Bits: Farhad’s and Mike’s Week in Tech: Caring About Tech News

Sat, 20 May 2017 13:00:02 GMT

The new Apple headquarters in Cupertino, Calif.In a tide of breaking news, why pay attention to the tech industry?

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Your Money: Do Not Drain Your 401(k), or Let a Former Employer Do It

Fri, 19 May 2017 09:00:24 GMT

Cashing out a retirement plan when switching jobs is generally bad — and risky. Better to roll it over yourself into an individual retirement account.

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Retiring: Baby Boomers Look to Senior Concierge Services to Raise Income

Fri, 19 May 2017 19:52:15 GMT

Philip Lewis, 94, taking on Jill Kaplan, 63, in a game of Scrabble.The concierges help their customers complete the relatively mundane activities of everyday life, a way for the semi- and fully retired to continue to work.

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Economic View: How Tales of ‘Flippers’ Led to a Housing Bubble

Thu, 18 May 2017 11:00:24 GMT

The boom and bust cycle in the housing market had terrible consequences. Yet unless we fully understand its causes, we may end up repeating it.

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Strategies: In the Stock Market, International Is Actually First

Fri, 19 May 2017 17:03:04 GMT

Global stocks have been pulling ahead, despite the Trump administration’s America First slogan.The Trump administration’s slogan is “America First,” but in the stock market, companies with big international operations are outperforming.

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Preoccupations: When Power Makes Leaders More Sensitive

Fri, 19 May 2017 16:32:00 GMT

Control doesn’t always corrupt. With cultivation, it can make leaders more compassionate.

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Wealth Matters: How the Wealthy Talk to Their Children About Money

Fri, 19 May 2017 16:27:39 GMT

Vicki and Ron Weiner have talked with their two daughters about the wealth they will inherit. “The thought of being left all of this money is outside of their frame of reference,’' Mr. Weiner said.Some children don’t want to hear about it, and others want to know more than their parents would like to divulge.

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Vocations: The Zen of Dying

Fri, 19 May 2017 16:51:54 GMT

A nurse at the Zen Hospice Project tries to offer a higher level of quality and attention, helping dying people live fully right up to the end.

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Your Money Adviser: Steer Clear of This ‘Bad Idea’: Cash Advances on Credit Cards

Fri, 19 May 2017 16:19:03 GMT

Cash advances come with high interest rates and are difficult to pay off, so it’s best to look for other options to cover an unexpected expense.

How to Woo Chinese Investors: With Visa Offers and the Trump Name

Fri, 19 May 2017 09:00:26 GMT

The site of One Journal Square, a luxury apartment project the Kushner family is building in Jersey City.To lure money from China, the Kushner family business tapped a specialist that has faced legal fights and another that played up its political ties.

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Corner Office: Lisa Su on the Art of Setting Ambitious Goals

Fri, 19 May 2017 11:00:02 GMT

The chief executive of AMD says that teams are often capable of achieving more than they believe they can.

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James Donovan Backs Out as Nominee for No. 2 Treasury Job

Fri, 19 May 2017 23:11:04 GMT

James Donovan, a Goldman Sachs executive, is withdrawing from consideration to be deputy Treasury Secretary.The longtime banking and investment management executive at Goldman Sachs says he wants to focus on his family.

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Mediator: Roger Ailes: The Man Who Mined a Divided America

Fri, 19 May 2017 00:51:26 GMT

Roger Ailes had an appreciation of the power of television, a sense of theatricality and a deep resentment of the “New York-Hollywood elitists.”The Fox News creator made a fortune creating a cultural safe space for Americans pining for the way things were.

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