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NYT > Business Day

Last Build Date: Fri, 24 Mar 2017 22:27:22 GMT

Copyright: Copyright 2017 The New York Times Company

In Major Defeat for Trump, Push to Repeal Health Law Fails

Fri, 24 Mar 2017 21:15:30 GMT

House Speaker Paul D. Ryan walked in the Capitol on Friday after a vote on the rules for debating the American Health Care Act, the bill to replace the Affordable Care Act known as Obamacare.House Republican leaders withdrew legislation to repeal the Affordable Care Act from the House floor before it could be defeated, a loss for President Trump.

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Wealth Matters: For Those Who Have It All, Charitable Wedding Registries

Fri, 24 Mar 2017 16:50:35 GMT

James Nero and Lindsay McKay with their dogs, Sansa and Wolfgang, in the Venice neighborhood of Los Angeles. The couple, who will marry in September, are asking that guests donate to a no-kill animal shelter.Rather than request sheets and china, some engaged couples are asking for contributions to their favorite cause.

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Wall Street Dips in Dramatic Session as Health Bill Pulled

Fri, 24 Mar 2017 20:36:28 GMT

A dramatic session on Wall Street ended with stocks slightly lower on Friday as they pared losses in late-afternoon trading after Republicans pulled their bill to overhaul the U.S. healthcare system.

California Upholds Emissions Standards, Setting Up Face-Off With Trump

Fri, 24 Mar 2017 21:02:25 GMT

Traffic in Los Angeles in December. California is authorized to enact its own stricter emissions rules under a Clean Air Act waiver.The backing of rules adopted in the Obama administration is one of the most direct moves so far to blunt President Trump’s effort to roll back regulations.

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U.S., in Reversal, Issues Permit for Keystone Oil Pipeline

Fri, 24 Mar 2017 20:51:19 GMT

The decision by the Trump administration revives a contentious project, opposed by environmentalists, to transport oil from Canada to the Gulf Coast.

China’s New Limits on Money Outflows Hit a Would-Be Paradise

Fri, 24 Mar 2017 18:31:05 GMT

A model of the Forest City development is displayed at the Country Garden property showroom in Johor Bahru, Malaysia.Based in Malaysia, Forest City promises clean air and beaches, but China’s efforts to keep money at home leave some buyers struggling to pay what they owe.

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SeaWorld Stake, Long Held by Blackstone, Is Sold to Chinese Firm

Fri, 24 Mar 2017 20:19:02 GMT

SeaWorld in Orlando, Fla., last year. Blackstone took SeaWorld public in 2013, but the public offering was made in the aftermath of the searing documentary “Blackfish.”Blackstone sold its remaining shares in SeaWorld to Zhonghong for $449 million, ending its ownership of the troubled theme park.

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Congress Moves to Strike Internet Privacy Rules From Obama Era

Fri, 24 Mar 2017 02:18:13 GMT

The Senate vote on Thursday foreshadowed a broader rollback of tech and telecom policies that have drawn the ire of conservatives and companies such as AT&T and Verizon.The Senate voted to overturn regulations that required telecom companies to ask permission before tracking users’ behavior, beginning a repeal of Obama-era regulations.

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YouTube Advertiser Exodus Highlights Perils of Online Ads

Fri, 24 Mar 2017 00:45:25 GMT

German students took a workshop in January on how to become a “rock star” user on YouTube.A web giant promises to tighten its safeguards to avoid pairing ads with offensive content, but advertisers are not convinced.

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A Rogue Trader Blames the System, but Not All Are Persuaded

Fri, 24 Mar 2017 18:21:26 GMT

The former UBS trader Kweko M. Adoboli in 2012. “I don’t want some kid to go through what I went through,” he said in a talk this week.Kweku M. Adoboli, a former UBS trader who served a prison term for fraud, now tells audiences that investment banks need robust controls. Some see it as a ploy.

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Cornell Law to Start Program on Roosevelt Island

Fri, 24 Mar 2017 16:00:16 GMT

The Bloomberg Center at Cornell University’s new Cornell Tech campus on Roosevelt Island in New York City.Law students will be able to study issues like privacy and cybersecurity at the new New York campus.

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Banks and Tech Firms Battle Over Something Akin to Gold: Your Data

Fri, 24 Mar 2017 18:21:06 GMT

William Harris, the founder of Personal Capital, said the problems with getting access to data from banks had grown worse over the last year.Big banks are pushing for new agreements on the customer data they share with technology start-ups like Mint and Betterment.

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Citing Confidentiality, British Court Blocks Reuters Article on Hedge Fund

Fri, 24 Mar 2017 16:20:52 GMT

A High Court judge in London issued an injunction blocking the publication of the report about Brevan Howard Asset Management.

Fake Sleuths: Web Gets It Wrong on London Attacker

Fri, 24 Mar 2017 04:23:45 GMT

Abu Izzadeen being escorted by Hungarian police officers in 2015. He was falsely accused online of being the assailant in a terrorist attack in London on Wednesday.On the dark side of digital platforms like Facebook, Twitter and Wikipedia, individuals’ misconceptions and outright falsehoods can overrun basic facts.

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Survey Says: Americans Agree on Paid Leave, but Not on Who Should Pay

Thu, 23 Mar 2017 16:10:23 GMT

Ivanka Trump at a luncheon at the White House for International Women’s Day. She is pushing for a paid parental leave policy, for which there is bipartisan support but disagreement about the details.Pew surveys also show people disagree on whether it should be mandatory or optional.

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Fair Game: Shareholder Proxies Could Be the New Regulators

Fri, 24 Mar 2017 19:27:27 GMT

The Exxon Mobil refinery in Torrance, Calif. The topic of climate change and its effects will again appear on shareholder proxies this year at companies like Exxon Mobil.With a new administration relaxing oversight, the prospect of curbing executive pay or forcing climate change accountability may fall to investors.

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Lens Blog: Robots Have Existential Crises, Too

Wed, 22 Mar 2017 17:34:29 GMT

Valkyrie, a humanoid built by NASA, undergoing testing before its first mission: to establish a base station in advance of NASA’s projected first landing of human astronauts on Mars.Max Aguilera-Hellweg’s new book, “Humanoid,” is a deep dive into the world of robots and artificial intelligence, and an extension of his own inquiry into the nature of life and consciousness.

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Economic View: What Comes Next for Obamacare? The Case for Medicare for All

Fri, 24 Mar 2017 12:00:02 GMT

Paul Ryan, the House Speaker, at a news conference this month. His bill to repeal and replace the Affordable Care Act has drawn criticism from the right and the left.The pains of losing the Affordable Care Act would generate a gigantic backlash. But universal access to Medicare would change that.

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Retiring: When Others Die, Tontine Investors Win

Fri, 24 Mar 2017 19:30:26 GMT

Has the time come to revive an investment vehicle that flourished in the 17th century as a way to pool money?

The Haggler: A Pitch for Eyeglasses That Sounds Eerily Familiar

Fri, 24 Mar 2017 19:32:45 GMT

Mystery surrounds an online eyewear retailer whose customers report unnerving experiences over the phone.

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How to Log Off of Facebook Forever, With All Its Perks and Pitfalls

Fri, 24 Mar 2017 09:21:00 GMT

Quitting your social media accounts is not always foolproof. And while it can lead to more free time, it can also cut you off from your loved ones. And it may look suspicious to a potential employer.Closing your social media accounts can help protect your privacy, but it can also mean cutting yourself off from friends, family and opportunity.

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Corner Office: David Cancel on Hiring Employees Who Can Teach Him

Fri, 24 Mar 2017 11:00:01 GMT

David Cancel, C.E.O. of Drift, a sales communication platform, says that in job interviews, he’s “looking for passion and thinking about what the progression might be for this person.”The C.E.O. of Drift, a sales communications platform, says that whether you’re an intern or an executive, he needs to feel he can learn something from you.

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In Debt: A New Twist in iHeartMedia’s Debt Struggles

Fri, 24 Mar 2017 18:45:42 GMT

Justin Timberlake, right, accepting the song of the year award at the 2017 iHeartRadio Music Awards in Inglewood, Calif.The latest exchange offer to the radio and billboard company’s creditors seems to be another attempt by private equity owners to salvage their interest.

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On Work: At a Therapeutic Ranch, No Payday Until Later

Fri, 24 Mar 2017 19:38:00 GMT

As a troubled teenager, he wondered: Why are my parents paying a big bill for me to perform hard labor?

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Common Sense: Pages From Trump’s Tax Returns Raise a Decade’s Worth of Questions

Thu, 23 Mar 2017 15:54:13 GMT

President Trump returning to Washington on Monday after a weekend at his Mar-a-Lago resort in Florida. Even without releasing his tax returns, he has made a powerful case for a tax code overhaul.Filings from 1995 and 2005, incomplete as they are, offer tantalizing clues about how the Trumps might have minimized their liability over several years.

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Vocations: Providing a Haven for the Homeless

Fri, 24 Mar 2017 19:44:23 GMT

Olga Bas offers assistance to troubled L.G.B.T. youth, many of whom are estranged from their families.A counselor in New York offers assistance to troubled L.G.B.T. youth, many of whom are estranged from their families.

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Gershon Kekst, Leader in Wall St. Public Relations, Dies at 82

Fri, 24 Mar 2017 19:39:40 GMT

Gershon Kekst in 1983. He pioneered a public relations niche that has become a huge industry in its own right, with dozens of competitors now vying to advise on mergers and financial crises.For more than five decades in public relations, Mr. Kekst forged relationships with business moguls and the bankers and lawyers who advised them on takeovers.

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