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home : ny times rss feeds : business April 23, 2018

Public Servants Are Losing Their Foothold in the Middle Class
Even as private employers have rebounded from the recession, the public sector’s ranks have withered, and pay and benefits have lagged.... More >>

Zelle, the Banks’ Answer to Venmo, Proves Vulnerable to Fraud
The personal payment platform Zelle is flourishing. But so are fraudsters, who are exploiting weaknesses in the banks’ security.... More >>

Tariff Dodgers Stand to Profit Off U.S.-China Trade Dispute
Chinese brokers send goods around the world to disguise their origin and escape penalties. Tougher trade rules may end up only helping them.... More >>

Overseer Faults Volkswagen’s Reform Efforts Since Emissions Scandal
Larry Thompson, a former U.S. deputy attorney general, said the carmaker had not held wrongdoers accountable or been serious enough about change.... More >>

A Former Top Wall Street Regulator Turns to the Blockchain
Gary Gensler, who once led the Commodity Futures Trading Commission, has joined M.I.T., where he is warning about potential problems for virtual currencies.... More >>

Prominent Exit From Ad Industry Sets Off Questions About Future
The resignation of WPP’s Martin Sorrell shocked the industry and also highlighted the question of what‘s next for advertising companies in a dynamic era.... More >>

With a Glance Backward, Brooks Brothers Looks to the Future
The reinvention of the 200-year-old American brand by its brash Italian owner, Claudio Del Vecchio, has meant staying true to its past.... More >>

In Message to Trump, Europe and Mexico Announce Trade Pact
The update of an existing pact will lift trade in dairy, digital goods and other products, and sends a message that some of America’s trading partners are moving on.... More >>

Is Facebook’s Campbell Brown a Force to Be Reckoned With? Or Is She Fake News?
As Facebook’s head of news partnerships, Ms. Brown, a former CNN and NBC anchor, is emerging as a surprisingly adept negotiator for her publishing vision at the social network.... More >>

Economic View: How the Loss of Union Power Has Hurt American Manufacturing
The nation’s union leaders once had the president’s ear through seats in the cabinet as secretaries of labor. And then they stopped getting that job.... More >>

Edward Lampert Offers to Buy Kenmore From Sears: DealBook Briefing
ESL Investments, Mr. Lampert’s fund and the Sears’s biggest shareholder, called on the retailer to sell the Kenmore brand and the chain’s home improvement business.... More >>

Your Money: Seeking Your College Application Essays About Money
Each year, The New York Times publishes a handful of undergraduate application essays about work, money and social class. Now, we’re seeking this year’s batch.... More >>

Wall Street Edges Higher as Earnings Optimism Eases Bond Worries
Wall Street edged higher on Monday, led by technology stocks, as optimism about strength of the earnings season helped ease concerns on rising U.S. Treasury yields.... More >>

Craft Distillers, Facing Lower Taxes, Invest in Themselves
A little-publicized amendment in the new tax law shows the growing political clout of American spirits producers, particularly the smaller ones.... More >>

Hawaiian Food Is Flourishing … in Utah?
The restaurant chain Mo’ Bettahs has found success appealing to Utah’s dominant religious group: Mormons, who have long had ties to Polynesia.... More >>

Banker Finds He Has ‘Even More Enemies Than I Thought’
Accused of bribery, Ilmars Rimsevics, Latvia’s widely disliked central banker, seems headed for a fall, along with one of the nation’s largest banks.... More >>

Professor Apologizes for Helping Cambridge Analytica Harvest Facebook Data
Aleksandr Kogan, the academic who helped harvest tens of millions of Facebook profiles in 2014, said he “never heard a word” of objection from the social media giant.... More >>

The Week Ahead: Tech Companies Report Earnings and Economic Growth Data Is Released
Detroit automakers are also reporting results, while President Trump will discuss trade with French and German leaders but skip the White House Correspondents’ dinner.... More >>

Korean Air Heiresses, One Known for ‘Nut Rage,’ Lose Their Jobs
The conglomerate removed the two sisters after they were accused of abusing employees, and the family is vilified in South Korea.... More >>

Cannabis Flowers Are Legal in Italy. You Just Can’t Eat or Smoke Them.
The new cannabis product has created a booming but unregulated economy in Italy. Is it a bubble waiting to be burst?... More >>

Scott Pruitt Before the E.P.A.: Fancy Homes, a Shell Company and Friends With Money
The E.P.A. chief is under scrutiny for high spending and interactions with lobbyists. Many of the pitfalls he has encountered in Washington have echoes in his past.... More >>

Tesla Factory Safety Under Scrutiny After Worker Is Injured
Days after a news report focused on conditions at the plant, a California agency said it was investigating an episode that left a millwright’s jaw broken.... More >>

F.A.A. Orders Closer Engine Inspections After Southwest Airlines Failure
The agency’s order recommends ultrasonic inspections be performed in the next 20 days on fan blades with the most use.... More >>

Global Health: Ethicists Call for More Scrutiny of ‘Human-Challenge’ Trials
A vaccine study in which subjects are to be deliberately infected with Zika is on pause after ethicists said it had “insufficient value.”... More >>

Electric Scooters Are Causing Havoc. This Man Is Shrugging It Off.
Travis VanderZanden, chief executive of electric scooter start-up Bird, is unperturbed by how San Francisco and other cities are in an uproar over the dockless vehicles.... More >>

Entrepreneurship: Making Her Own Way, Nearly 100 Years Later
Simone Reggie, owner of Simone’s Market in New Orleans, is a rising star on the city’s food scene, following a family tradition.... More >>

Modi May Pay the Price as India’s A.T.M.s Run Out of Cash Again
The shortage, caused by government policies, poses a challenge for Prime Minister Narendra Modi, who was also responsible for India’s last cash crisis.... More >>

U.S. Investigating AT&T and Verizon Over Wireless Collusion Claim
Complaints to the Justice Department allege that the companies and a standards group worked together to restrict eSIM technology, a cardless way to easily switch carriers.... More >>

What Happened to Matthew Mellon
A proud father. A brilliant friend. Lucky in love. Inherited wealth. And an opioid addict, dead at 54.... More >>

Carolyn Jacobson, Champion of Women’s Union Rights, Dies at 67
She helped place equal rights and health and social issues of particular concern to women workers on the agenda of organized labor.... More >>

The Workologist: What to Do When Your Old Boss Won’t Let Go
A worker escapes a bad supervisor by changing departments — but the old boss is still holding on tight. What is to be done?... More >>

Vocations: Her Start in the Air Force Led to a Surprising Place
A luxury hotel sales executive started her career in the military, where her wartime job would be to plot possible nuclear, biological and chemical fallout.... More >>

Your Money Adviser: For Workers Without Retirement Savings, State-Run I.R.A.s Can Pay Off
A Pew study found that people could use the money in their state accounts to delay taking Social Security benefits. That would lead to higher federal payments.... More >>

Wealth Matters: An E.R. That Treats You Like a V.I.P.
Concierge emergency rooms offer faster treatment and personal care to those who can afford it. Some will even walk your dog.... More >>

Wells Fargo Pays $1 Billion to Federal Regulators
The fines against the bank settle investigations into its lending practices. They are the biggest bank penalties imposed under the Trump administration.... More >>

Party City Offers Ramadan Decorations, a First for a Big U.S. Retailer
With Ramadan, the holiest month in Islam, on the way, many Muslims see the items as a welcome addition to their festivities.... More >>

Bits: Kevin’s Week in Tech: Jeff Bezos Reminds Tech Who’s Boss
Amazon’s chief executive sent out his annual shareholder letter this week. Our tech columnist recounts what stood out from it.... More >>

Sale at Heathrow Terminal 1. Everything Must Go.
The entire contents of the aged building, which opened in the 1960s, will be up for auction before it’s torn down to make way for Terminal 2’s expansion.... More >>

Trump Criticizes OPEC, Calling Oil Prices ‘Artificially’ High
The president’s remarks came with gasoline prices at their highest point in three years after an effort by the oil cartel and Russia to restrain output.... More >>

Why Trump Lashed Out at OPEC: DealBook Briefing
The president’s attack on OPEC reflects concern that the oil production caps may mean more costs for U.S. consumers and erode their tax savings.... More >>

Sketch Guy: Fake Experts Abound. Here’s How to Find (and Be) a Real One.
Real experts wait, listen and notice patterns. Fake ones raise their hands and start talking. Lots of people know the difference. Many more should.... More >>

Barclays Chief Executive Staley Fined Over Whistle-Blower Scandal
The bank said that it will continue to stand by its leader, as it struggled to set aside years of lackluster results and management turmoil.... More >>

Why You Should Hire a Financial Planner, Even if You’re Not Rich
Now that tax time has passed, give yourself a financial fresh start and get some help to make the right money moves for next year.... More >>

On Southwest 1380, Confusion and Distraction as Oxygen Masks Dropped
Photographs taken on the plane, whose engine exploded, show panicked passengers with the masks around their mouths but not their noses.... More >>

Engine on Southwest Jet Not the Only One to Develop Cracks
Jet engines from three different manufacturers have developed problems, which has prompted questions about their design, operation and inspection.... More >>

As Engine Failed, F.A.A. Was Considering Rules That Might Have Made a Difference
A 2016 engine failure set airlines and regulators on a path to more stringent testing. But the process wasn’t completed before an apparently similar failure left a woman dead.... More >>

AT&T Chief Attacks Lawsuit to Block Time Warner Merger
Randall Stephenson, AT&T’s chief executive, defended his deal to buy Time Warner and said a combined company would be no different than those that already exist in Silicon Valley.... More >>



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


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