A turn in the market has eroded the sharp rally at the start of the year, as investors have fretted about recent signals suggesting a resurgence in inflation. Stocks slumped Friday on their way to their worst week of the year, as investors balked at fresh government data that added to a flurry of signals …
Ms. Dubuc is leaving the media company, which is exploring a sale of some or all of the business, after nearly five years there. Nancy Dubuc, the chief executive of Vice Media, who attempted to improve the company’s culture and steady its finances after taking over nearly five years ago, is stepping down, she said …
A faulty wire connection caused some air fryers to overheat and catch fire, causing at least 10 minor injuries. Cosori is voluntarily recalling more than two million of its air fryers after a fault was discovered that created fire and burn hazards, the U.S. Consumer Product Safety and Commission announced on Thursday. The commission said …
Cosori Recalls 2 Million Air Fryers After Reports of Fire and Burn Risk Read More »
A faulty wire connection caused some air fryers to overheat and catch fire, causing at least 10 minor injuries. Cosori is voluntarily recalling more than two million of its air fryers after a fault was discovered that created fire and burn hazards, the U.S. Consumer Product Safety and Commission announced on Thursday. The commission said …
Cosori Recalls 2 Million Air Fryers After Reports of Fire and Burn Risk Read More »
The financier, who died at 78 years old, was known for prominent takeovers of Snapple and Warner Music. Tom Lee in 2008. He was known for corporate takeovers, including those of Snapple and Warner Music.Phil McCarten/Reuters Tom Lee is dead at 78 Thomas H. Lee, a pioneer in the trillion-dollar business of private equity, has …
Remembering Thomas H. Lee, a Veteran of Private Equity Read More »
Students traveling for spring break may take comfort in knowing that the industry’s completion factor was about 98 percent between mid-February and mid-April last year. Scott Kirby, the C.E.O. of United Airlines, thinks completion factor may also be used to shape industry predictions. On an earnings call last month, he chastised analysts for not paying …
Students traveling for spring break may take comfort in knowing that the industry’s completion factor was about 98 percent between mid-February and mid-April last year. Scott Kirby, the C.E.O. of United Airlines, thinks completion factor may also be used to shape industry predictions. On an earnings call last month, he chastised analysts for not paying …
Worries about gas and oil supplies have greatly eased. But reverberations from the war in Ukraine continue to cloud longer-term forecasts. Within months of Russia’s invasion of Ukraine last year, there was near panic in Europe over energy supplies. Mainstay flows of natural gas through pipelines from Russia were dwindling to a relative trickle, pushing …
The financier, who called himself Tomcat, was an early buyout enthusiast. Thomas H. Lee, a private-equity investor famed for orchestrating the takeover of Snapple in the 1990s, has died, a family spokesman said on Thursday. The billionaire Mr. Lee, 78, founded his namesake Boston firm in 1974, far ahead of the heyday of so-called leveraged …
Thomas Lee, Private Equity Pioneer, Is Dead at 78 Read More »
She oversaw the Tiffany girls, a group of glass cutters and artisans who created elaborate, colorful lamps that are still in demand. This article is part of Overlooked, a series of obituaries about remarkable people whose deaths, beginning in 1851, went unreported in The Times. Though there are existing photographs of Clara Driscoll, no one …
Overlooked No More: Clara Driscoll, Designer of Visions in Glass for Tiffany Read More »
After barring Starbucks from firing any U.S.-based worker over labor activity, a federal judge said he had erred and limited the action to one store. It was the most sweeping intervention by a court in the 18-month campaign to unionize Starbucks: Last week, a federal judge in Michigan issued an order blocking Starbucks from firing …
Judge Scales Back Ruling Against Starbucks in Union Fight Read More »
After barring Starbucks from firing any U.S.-based worker over labor activity, a federal judge said he had erred and limited the action to one store. It was the most sweeping intervention by a court in the 18-month campaign to unionize Starbucks: Last week, a federal judge in Michigan issued an order blocking Starbucks from firing …
Judge Scales Back Ruling Against Starbucks in Union Fight Read More »
Plant-based beverage makers hailed the agency’s decision but objected to the recommendation for labels to specify the nutritional differences with cow’s milk. Oat, soy and almond drinks can keep the word milk in their names, the Food and Drug Administration proposed this week, in an effort to end a long-running battle between the powerful dairy …
Soy, Oat and Almond Drinks Can Be Called Milk, FDA Says Read More »
Prosecutors accused FTX founder Sam Bankman-Fried and two unnamed people of making unlawful campaign donations using customers’ money. Federal prosecutors on Thursday added new details to a charge filed in December about Sam Bankman-Fried’s campaign donations, accusing him and two uncharged former executives of FTX, the collapsed cryptocurrency exchange, of using tens of millions of …
New Details Shed Light on FTX’s Campaign Contributions Read More »
Mr. Watson had founded the troubled digital-media start-up Ozy, which unraveled after The New York Times examined its business practices. Carlos Watson, the founder of the troubled digital start-up Ozy Media, was arrested on Thursday and charged with fraud by federal investigators, punctuating one of the more precipitous falls in the annals of online journalism. …
Ozy Media’s Carlos Watson Arrested on Fraud Charges Read More »
President Biden tapped the former Mastercard chief executive to run an organization that found itself mired in controversy after comments by the current president about climate change. BENGALURU, India — The Biden administration nominated Ajay Banga, the former longtime chief executive of Mastercard, to be the next president of the World Bank, a selection that …
Even as a young girl, Elizabeth R. Koch was keenly aware of her family’s extreme wealth. “My beloved parents, they were paranoid about raising spoiled pieces of — you know — and so I heard about it a lot, and I could see how other people responded to us,” she said. “I sensed it everywhere,” …
The European Commission takes aim at the popular Chinese-owned app, citing “cybersecurity threats.” Citing security concerns, the European Commission on Thursday banned its staff from using TikTok, the Chinese-owned social media platform, a move that underscores increasing tensions between the West and China. The rule would apply to the Commission’s official devices as well as …
E.U. Officials Ban TikTok From Employees’ Phones Read More »
A wave of Chinese tech companies are announcing their own A.I.-powered chatbots — but face hurdles imposed by their own government. Baidu plans to roll out its ChatGPT-style technology next month.Aly Song/Reuters China’s stuttering A.I. ambitions The hottest story in technology right now is the rise of ChatGPT, and the race among tech giants like …
A wave of Chinese tech companies are announcing their own A.I.-powered chatbots — but face hurdles imposed by their own government. Baidu plans to roll out its ChatGPT-style technology next month.Aly Song/Reuters China’s stuttering A.I. ambitions The hottest story in technology right now is the rise of ChatGPT, and the race among tech giants like …
China is undertaking a far-reaching overhaul of its health care system as its cities reel from the financial pressure of three years of strict Covid policies. Almost everyone in China has had at least some health insurance since new policies were introduced a decade ago. Now China has begun pursuing a second wave of changes. …
How Health Insurance Works in China, and How It’s Changing Read More »
BENGALURU, India — Treasury Secretary Janet L. Yellen said on Thursday that the United States would redouble its efforts to marshal global support to help Ukraine fend off Russia one year into its invasion, saying that more must be done to inflict pain on Moscow. She spoke as top policymakers from around the world gathered …
Yellen Calls for More Ukraine Support as G20 Finance Ministers Gather Read More »
It was exactly a year ago, and the Ukrainian pet food maker Kormotech had concluded its annual meeting. The mood was buoyant. Business was booming, the factory was running 24/7, and sales were projected to grow by double digits. “We had a beautiful budget,” Rostyslav Vovk, the company’s chief executive and founder, recalled almost dreamily. …
How One Ukrainian Company Survived, and Thrived, Through a Year of War Read More »
The National Labor Relations Board said severance pacts requiring confidentiality and nondisparagement violated a law on collective worker activity. The National Labor Relations Board has ruled that it is generally illegal for companies to offer severance agreements that prohibit workers from making potentially disparaging statements about the employer or from disclosing details of the agreement. …
Labor Board Curbs Gag Rules in Severance Agreements Read More »
The maker of electric luxury sedans said it made more than 7,000 cars in 2022, achieving a scaled-down target. Lucid Motors said on Wednesday that it increased production of its luxury electric sedans by more than 50 percent in the fourth quarter, as better supplies of parts and materials allowed the company to slightly exceed …
Lucid Motors Steps Up Production as Supply Chain Problems Ease Read More »
The maker of electric luxury sedans said it made more than 7,000 cars in 2022, achieving a scaled-down target. Lucid Motors said on Wednesday that it increased production of its luxury electric sedans by more than 50 percent in the fourth quarter, as better supplies of parts and materials allowed the company to slightly exceed …
Lucid Motors Steps Up Production as Supply Chain Problems Ease Read More »
Of 61 British companies that participated in a pilot program, 56 said they would continue. Both employers and employees reported benefits. The pandemic changed how (and where) many people work. It has also given momentum to the question of whether the five-day week is standard because it’s best — or whether it’s just the way …
Of 61 British companies that participated in a pilot program, 56 said they would continue. Both employers and employees reported benefits. The pandemic changed how (and where) many people work. It has also given momentum to the question of whether the five-day week is standard because it’s best — or whether it’s just the way …
Federal Reserve officials thought they needed to do more to cool the economy even before a series of strong data releases in recent weeks. Federal Reserve officials believed that they needed to do more to slow the economy and wrestle painfully rapid inflation back under control as of their meeting early this month, minutes from …
Fed Minutes Showed Policymakers Were Still Intent on Easing Inflation Read More »
The nonprofit media organization, which has a staff of about 1,100 people, said the layoffs were required because of a slowdown in advertising and a drop in corporate sponsorships. NPR will lay off 10 percent of its staff to make up for a $30 million gap in its budget, the company’s chief executive said on …
A number of Republican lawmakers have taken money from the companies they vilified. But some of the party’s presidential hopefuls are still on the attack. Vivek Ramaswamy has gone from professional E.S.G. critic to presidential candidate.Anthony Anex/EPA, via Shutterstock The case for fighting E.S.G. gets messy Many Republicans have made railing against the environmental, social …
Republican Bashing of E.S.G. Gets More Complicated Read More »
The Bipartisan Policy Center said the nation could run out of cash this summer or early fall if Congress did not raise the debt limit. WASHINGTON — The United States faces a default sometime this summer or early fall if Congress does not raise or suspend the debt ceiling, a Washington think tank warned on …
U.S. Could Default on Debt as Early as Summer, New Estimate Says Read More »
The National Park Service has started closing orphaned wells using money provided under legislation signed by President Biden. A century after oil barons scoured Texas for prime plots from which to extract black gold, another boom is underway: the plugging of thousands of abandoned oil wells. It’s an oil rush in reverse, spurred by the …
Pay and Plug: Federal Funds Spur Cleanup of Lost Oil Wells Read More »
We want to hear about the virtual connections you relied on in the early months of the pandemic and what they’re like now. In the early days of the pandemic, digital tools transformed the way people connected to friends, loved ones, even the arts. There were Zoom happy hours with old roommates, Houseparty game nights …
Do You Miss Your Zoom Friends? Tell Us About It. Read More »
A Texas entrepreneur, he co-founded the media giant Clear Channel, owned pro sports teams and created more than 400 businesses in a variety of industries. Red McCombs, a former Texas used car dealer who became a billionaire entrepreneur by venturing into an array of successful businesses, including the media giant Clear Channel Communications and several …
Red McCombs, Car Salesman Turned Media Mogul, Dies at 95 Read More »
Shareholders’ lawyers challenged the board’s contention that Elon Musk’s record-setting compensation was deserved and an effective tool of motivation. A lawsuit challenging the pay package that made Elon Musk the world’s wealthiest human, at least for a while, moved a step closer to conclusion on Tuesday as lawyers for aggrieved Tesla shareholders and for the …
Judge Hears Final Arguments in Suit Over Musk’s Tesla Pay Read More »
E-commerce is more prevalent than ever, and goods today are often rented or resold. We want to hear about your experiences with the companies offering these services. The way people shop has changed in recent years. Some have signed up for subscriptions. Others have gotten rid of them. Some have tried selling their used stuff …
The return, after an agreement that brought a raise in pay for the lowest earners at the publisher, represented a victory to many of the more than 250 workers involved. Unionized HarperCollins workers returned to work on Tuesday, in many cases opening their inboxes and corresponding with their supervisors for the first time since walking …
Unionized HarperCollins Employees Are Back to Work After a 3-Month Strike Read More »
The carrier said it had changed its booking system to make it easier for families traveling with children under 12 to sit together. United Airlines will now let children under 12 sit next to an adult in their travel group at no additional cost, the company said on Monday. The move follows a push by …
United Airlines Eases Family Seating After Call to Cut Fees Read More »
The retail giant reported strong results for the holiday shopping season, but said that the coming year would be tougher. Walmart on Tuesday reported strong sales and profits last quarter but said that times would be tougher this year, a warning that consumers were starting to pull back as they felt the squeeze from relentlessly …
Walmart Warns That Shoppers Are Feeling Squeeze of Higher Prices Read More »