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home : ny times rss feeds : business January 18, 2018

One Goldman Takeover That Failed: The Trump White House
Gone: Dina Powell, Steve Bannon and Anthony Scaramucci. Going: Gary Cohn. Some reputations remain intact.... More >>

Two Federal Reserve Openings Provide One Chance to Counter Trump
The Fed is likely to get a new chairman next month, but there are still two job openings just below that post. President Trump controls one. Opponents see the other as an opportunity.... More >>

Wheels: When Detroit Muscle Powered a Breakthrough in Heart Surgery
In 1952, a team of doctors from Harper Hospital and employees from General Motors engineered a mechanical pump that helped pave the way for modern open-heart surgery.... More >>

IBM Ends 22-Quarter Streak of Falling Revenue
The gain was modest — revenue rose by 4 percent — but the company’s fourth-quarter report is a sign that IBM’s finances are stabilizing.... More >>

Amazon Chooses 20 Finalists for Second Headquarters
The list released Thursday leaned toward cities in the Midwest and on the East Coast, and away from the tech-saturated hubs of the West Coast.... More >>

Where Amazon May Build Its New Headquarters
The e-commerce giant announced a short list of places that could become home to its second headquarters. The process has garnered the kind of enthusiasm normally reserved for bids to host the Olympics.... More >>

Consumer Watchdog’s Latest Budget Request: $0
The Consumer Financial Protection Bureau’s acting director is paying operations costs from its reserves this quarter, his latest move to curb the agency.... More >>

Emirates Offers A380 a Lifeline, Signing $16 Billion Deal With Airbus
The European manufacturer had said it might end production of the world’s largest passenger aircraft, but the new order secures the plane’s immediate future.... More >>

Fed Up With Drug Companies, Hospitals Decide to Start Their Own
A group of large hospital systems plans to create a nonprofit generic drug company to battle shortages and high prices.... More >>

HuffPost, Breaking From Its Roots, Ends Unpaid Contributions
The site was an early example of amateur journalism online, but it will dissolve its self-publishing platform in an attempt to minimize unverified stories.... More >>

China’s Economic Growth Looks Strong. Maybe Too Strong.
The country reported higher annual growth, but implausibly smooth numbers prompt experts to look for other ways to assess the world’s No. 2 economy.... More >>

Who’s Still in Amazon’s HQ2 Contest: DealBook Briefing
New York, Boston and Dallas are still vying to host Amazon’s second headquarters. But Detroit is out of the running.... More >>

Trump Hands Out ‘Fake News Awards,’ Sans the Red Carpet
President Trump made good on his promise to honor the media’s “most corrupt & biased,” delivering his awards in a blog post.... More >>

US Indexes Are Weighed Down by Industrials, Energy Stocks
Losses among Boeing, General Electric and other big industrial companies weighed on U.S. stocks Thursday, pulling the market below the record highs it set the day before.... More >>

Why Toronto Made ‘the Playoffs’ for Amazon’s Headquarters
Toronto is the only non-American city on Amazon’s list. Its mayor credited Canada’s open approach to immigration and strong support for education.... More >>

William Bain Jr., Business Consultant and Romney Mentor, Dies at 80
He made Bain & Company, in Boston, a fierce competitor to some of the country’s leading firms. Mitt Romney was one of his most significant hires.... More >>

Breakingviews: Amazon HQ2 Choices Are Disappointingly Undisruptive
Hundreds of cities hoped Amazon would think outside the box in picking its second headquarters. A desire for talent and a welcoming environment led it to the usual spots.... More >>

Breakingviews: Link Between Underwriting and Trading Is Put to the Test
Investment banks say underwriting for companies brings in more trading revenue and vice versa. Goldman’s performance suggests that’s not always the case.... More >>

Young Women Are Using A.D.H.D. Drugs in Greater Numbers, C.D.C. Reports
Since 2003, the percentage of women filling prescriptions for drugs like Ritalin has increased nearly fivefold in some age groups.... More >>

Lebanese Intelligence Turned Targets’ Android Phones Into Spy Devices, Researchers Say
For more than six years, Lebanon’s intelligence agency spied on targets’ Android mobile devices and desktop computers using decoy apps and other methods, researchers said Thursday.... More >>

Two Big Brewers Try to Cash In on an I.P.A. Craze
Samuel Adams and Sierra Nevada are producing versions of the hoppy, hazy New England ales that are all the rage. But they run some risks.... More >>

Warming, Water Crisis, Then Unrest: How Iran Fits an Alarming Pattern
A water crisis — whether caused by nature, human mismanagement, or both — can be an early warning signal of conflict ahead. Iran is the latest example.... More >>

After the Apologies, Restaurants Struggle to Change
Four employers accused of sexual harassment have stepped away from their empires. But for the companies, the hard part is what happens next.... More >>

Are You Ready to (Dress Like You) Rock?
How the fastest growing designer in men’s wear built a big business in no time flat by selling his customers on a dream: That they, too, could shred.... More >>

Six Are Laid Off at Saveur Magazine, Including Its Editor
As the publishing company Bonnier cuts 17 percent of its American employees, the staff of a long-running food magazine shrinks.... More >>

Assistant to Goldman Sachs Executive Stole and Sold His Rare Wines, U.S. Says
Prize bottles of wine valued at more than $1.2 million were surreptitiously sold, prosecutors said.... More >>

IBM May Finally Stop Shrinking. But Is It a Turnaround?
For five and half years IBM has reported a steady erosion of revenue, a losing streak that analysts predict will end on Thursday.... More >>

‘Fire and Fury’ May Be Coming to a Screen Near You
Endeavor Content has acquired the rights to Michael Wolff’s No. 1 best-selling book. But no TV network or film studio is attached to the project.... More >>

TEST RUN: Want to Relax in a Nice Hotel for 15 Minutes? An App Can Make That Happen
Recharge lets you rent a room by the minute at luxury properties. We put it to the test.... More >>

Facebook to Take Broader Look at Possible Russian Role in Brexit Vote
The company said its previous investigation had been too narrow, centering on accounts already identified by American intelligence agencies.... More >>

Apple, Capitalizing on New Tax Law, Plans to Bring Billions in Cash Back to U.S.
Less than four weeks after President Trump signed a new tax bill, Apple plans to repatriate the vast majority of its $252 billion in cash held abroad.... More >>

Beyoncé Is Bonkers for This Woman’s Lace Jewelry
Monika Knutsson salvages delicate heirloom material, plunges pieces of it into silver or gold, and sells the results to an eager clientele.... More >>

Weeks After Matt Lauer Is Ousted, ‘Today’ Changes Show’s Top Producer
Don Nash, the show’s executive producer since 2012, will be succeeded by Libby Leist, a veteran producer with deep ties to Washington.... More >>

9 Points to Guide Your Investments in 2018
Stocks have risen for so long and with such steadiness that Wall Street is becoming nervous. What’s an investor to do? For insight, check out our quarterly report on investing.... More >>

He Leaked a Photo of Rick Perry Hugging a Coal Executive. Then He Lost His Job.
An Energy Department photographer says he was fired for exposing the coal industry’s influence with the Energy secretary.... More >>

Tech We’re Using: How Technology Is (and Isn’t) Changing Our Reading Habits
Alexandra Alter, who covers books for The Times, discussed the limits to how tech has transformed the industry.... More >>

Meet Your Art Twin: A 400-Year-Old With an Oily Complexion
Art museum selfies are getting more personal as visitors seek their doppelgängers in paintings and sculptures. A new feature in a Google app has made the trend explode.... More >>

Goldman Sachs Once Looked Invincible. Now It’s Losing Money.
The bank reported its first quarterly loss since 2011, because of a one-time hit from the tax law and plunging revenue from trading bonds and other products.... More >>

Google Sells A.I. for Building A.I. (Novices Welcome)
With a new cloud-computing service, businesses can build their own artificial intelligence algorithms, even if they have little experience with the technology.... More >>

Carillion Collapse Could Lead to Thousands of Job Losses in U.K.
The company’s demise leaves a vast web of subcontractors unsure what to expect. The government says Carillion’s public-sector work will continue.... More >>

Apple’s Big Plans: DealBook Briefing
The iPhone maker plans to make a $350 billion contribution to the American economy over the next five years as it capitalizes on the new tax law.... More >>

State of the Art: It’s Time for Apple to Build a Less Addictive iPhone
Apple gave us the modern smartphone. Now, it can create a new take on the device by encouraging us to use it more deliberately — and a lot less.... More >>

On the Runway: Alexander Wang Is Leaving New York Fashion Week
He is the latest in a string of high-profile New York designers to depart the official schedule. Here’s why you should care.... More >>

Citing ‘Inexcusable’ Treatment, Advisers Quit National Parks Panel
The majority of members of the National Parks System Advisory Board have jointly resigned in protest of Trump administration policies.... More >>

The Awl and The Hairpin, Eccentric Showcases for Writers, Are Shutting Down
The Awl’s publisher said “a steady decline in direct sales” was to blame. For years, the websites featured intelligent writing on eclectic subjects.... More >>

Breakingviews: Why Breaking Up General Electric May Be Hard to Do
A fresh $6.2 billion post-tax charge provides another reason for the conglomerate to consider a breakup. But the value of G.E.’s businesses may make it hard to do.... More >>

At Retail Trade Show, Technology Is the Star
The National Retail Federation expo resembles the electronics trade show CES, fixating on artificial intelligence, big data and automation.... More >>

Poll Finds Upturn in Sentiment on Tax Overhaul and Economy
The finding could be good news for Republicans looking to the midterm elections, but less comfort for President Trump, who was given little credit.... More >>



Editor, John C. DePrez Jr.; Executive Editor, Carol Rogers; Publishers: IBRC and IAR


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