Posts

Showing posts from December, 2024

Xi Jinping, China’s Leader, Nods to Economic Challenges

In a New Year’s address, Xi Jinping made a rare acknowledgment of the flagging economy while reiterating the government’s growth targets. source https://www.nytimes.com/2024/12/31/business/xi-jinping-china-economy.html

The 2024 Good Tech Awards

In a year of continued A.I. progress, “founder mode” drama and a Trump election win, a few tech projects stood out for their clear benefits to humanity. source https://www.nytimes.com/2024/12/30/technology/good-tech-awards.html

Inside the Y2K Crisis That Never Was, 25 Years Later

Planes didn’t fall from the sky on Jan. 1, 2000. A technology reporter who wrote a front-page article early that morning reflects on a crisis that never was. source https://www.nytimes.com/2024/12/31/insider/y2k-crisis.html

How to Score an Upgrade to First Class on Your Next Flight

Airlines are offering more ways than ever to get a taste of the champagne skies, but how do you get past the curtain, and when is it worth the cost? Here are some tips. source https://www.nytimes.com/2024/12/31/travel/first-class-upgrade-flights-tips.html

Migrant Chinese Muslims in NYC Say They Now Fear Trump

At a shelter in the Flushing area of New York, Hui Muslims who fled oppression in China are concerned about the president-elect’s vows to tighten asylum policy. source https://www.nytimes.com/2024/12/31/business/china-hui-muslims-immigrants-trump.html

China Hacked Treasury Dept. in ‘Major Incident,’ U.S. Says

The department notified lawmakers of the breach, which it said was linked to a state-sponsored actor in China. source https://www.nytimes.com/2024/12/30/us/politics/china-hack-treasury.html

Lebanon’s Economy Reels From Israel-Hezbollah War

The conflict between Israel and Hezbollah may be suspended, but the damage is immense. “We came out of this war with nothing,” one man said. source https://www.nytimes.com/2024/12/30/world/middleeast/lebanon-economy-hezbollah-israel-war.html

Jimmy Carter Was Right About Materialism but, Alas, Wrong About Us

“Too many of us now tend to worship self-indulgence and consumption,” he said in his 1979 “Crisis of Confidence” speech. If only we had listened. source https://www.nytimes.com/2024/12/29/your-money/jimmy-carter-legacy-materialism.html

Video of South Korea Plane Crash Offers Clues to Cause, but No Immediate Answers

The cause of the crash probably won’t be determined for months, with investigators expected to focus on a wide range of issues. source https://www.nytimes.com/2024/12/29/world/asia/plane-crash-video-south-korea.html

How TSMC’s Arizona Chip Plant Seeded a Tiny Taipei in the Desert

Taiwan Semiconductor Manufacturing Company, a global tech giant, brought thousands of workers from Asia to the Phoenix suburbs for jobs at a plant that the Biden administration helped fund. source https://www.nytimes.com/2024/12/29/business/tsmc-phoenix-taiwan.html

Behind the Dismantling of Hezbollah: Decades of Israeli Intelligence

A Times investigation shows how extensively Israel penetrated the Lebanese militia, closely tracking the group’s commanders and culminating in the assassination of its leader, Hassan Nasrallah. source https://www.nytimes.com/2024/12/29/world/middleeast/israel-hezbollah-nasrallah-assassination-intelligence.html

Trump Weighs In on Immigrant Visa Debate but Offers Little Clarity

He said in an interview that he had used the visas for skilled workers “many times.” But he has mainly used visas for unskilled workers like housekeepers. source https://www.nytimes.com/2024/12/28/business/trump-immigration-h1b-visa.html

How Donald Trump Went From Calling for a TikTok Ban to Backing Off

In 2020, he moved to ban the Chinese-owned app. Now, he is opposing the Biden administration’s effort to do just that. source https://www.nytimes.com/2024/12/28/us/politics/trump-tik-tok-ban.html

Blue Origin Is Ready to Launch New Glenn Rocket After Critical Test

The company, owned by the Amazon founder Jeff Bezos, also received approval from the Federal Aviation Administration to launch the vehicle to orbit. source https://www.nytimes.com/2024/12/27/science/new-glenn-blue-origin.html

Greg Gumbel, Who Called N.F.L. and N.C.A.A. Games, Dies at 78

The sportscaster combined play-by-play excitement with a knack for precision in his decades as a sports broadcaster calling N.F.L. and N.C.A.A. games for CBS. source https://www.nytimes.com/2024/12/27/business/media/greg-gumbel-dead.html

Yellen Issues Debt Limit Warning to Congress

The Treasury secretary urged Congress to protect the full faith and credit of the United States by raising the debt limit. source https://www.nytimes.com/2024/12/27/business/economy/yellen-debt-limit-warning-congress.html

Trump Backers, Including Elon Musk, Clash With Far Right Over Immigrant Workers and H-1B Visas

A fierce dispute erupted in the president-elect’s camp between immigration hard-liners and tech industry leaders including Elon Musk. source https://www.nytimes.com/2024/12/27/technology/trump-musk-immigration-h1b-visa.html

Wall St. Is Minting Easy Money From Risky Loans. What Could Go Wrong?

Everyone from Jamie Dimon to the International Monetary Fund is ringing alarms about the shadowy world of private credit. But the money keeps rolling in. source https://www.nytimes.com/2024/12/27/business/wall-st-private-credit-money.html

N.F.L. Christmas Games on Netflix Break Streaming Records, With Beyoncé’s Help

The two games had more than 24 million viewers on average in the United States, Netflix said. Viewership peaked when Beyoncé performed. source https://www.nytimes.com/2024/12/26/us/netflix-christmas-nfl-ratings-beyonce.html

Richard Parsons, Serial Fixer of Media and Finance Giants, Dies at 76

Mr. Parsons’s lengthy résumé is a catalog of corporate emergencies at Time Warner, Citigroup and the Los Angeles Clippers. source https://www.nytimes.com/2024/12/26/business/media/richard-parsons-dead.html

Why Taiwan’s Foxconn, an iPhone Supplier, Is Investing in Texas and Thailand

The Apple supplier has spent millions in the United States, India and Mexico over the past two years to lessen its dependence on China. source https://www.nytimes.com/2024/12/26/business/foxconn-apple-texas-expansion.html

Japan Airlines Cyber Attack Causes Flight Delays

The airline also temporarily stopped selling tickets for flights departing Thursday, but said that there was no impact on flight safety. source https://www.nytimes.com/2024/12/25/business/japan-airlines-cyber-attack.html

New Mexico’s Governor Was A Liberal Hero. Then She Got Blunt about Crime.

Gov. Michelle Lujan Grisham has clashed with her own party over how to tackle the nexus of addiction, mental illness and violence in New Mexico. source https://www.nytimes.com/2024/12/25/business/new-mexico-michelle-grisham-crime.html

Trump’s Plans to Scrap Climate Policies Has Unnerved Green Energy Investors

President-elect Donald J. Trump is expected to roll back many of the rules and subsidies that have attracted billions of dollars from the private sector to renewable energy and electric vehicles. source https://www.nytimes.com/2024/12/25/business/energy-environment/trump-clean-energy-finance.html

An A.I. Boom Makes Electricians Flock to Central Washington

The rural region is changing fast as electricians from around the country plug the tech industry’s new, giant data centers into its ample power supply. source https://www.nytimes.com/2024/12/25/technology/ai-data-centers-electricians.html

Spending Fight Shows Limits of Trump Power to Change Fiscal Path

Efforts to cut government spending and eliminate waste are dwarfed by the rising costs of the social safety net programs and interest expenses. source https://www.nytimes.com/2024/12/24/business/trump-musk-ramaswamy-doge-government-spending.html

Why Mergers of Carmakers Like Honda and Nissan Often Falter

The Japanese companies are considering joining forces to survive in a rapidly changing auto industry, but auto history is filled with troubled and failed marriages. source https://www.nytimes.com/2024/12/24/business/honda-nissan-auto-merger-deals.html

More Starbucks Store Workers Will Join Strike for Final Day

The walkout began Friday at stores in the Los Angeles, Seattle and Chicago areas and will end on Tuesday. source https://www.nytimes.com/2024/12/23/business/starbucks-strike.html

National Security Committee Forgoes Decision on U.S. Steel Acquisition

The Committee on Foreign Investment in the United States kicked a decision over the merger with Japan’s Nippon Steel to President Biden, who is expected to block the deal. source https://www.nytimes.com/2024/12/23/business/us-steel-nippon-biden-cfius.html

I.R.S. to Send Out Unclaimed Tax Credit to One Million Taxpayers

Some Americans who qualified for a pandemic-era tax credit but did not claim it will get up to $1,400 in their account within the next month. source https://www.nytimes.com/2024/12/23/business/irs-stimulus-check-payments.html

How to Pack Formal Clothing

Make sure your dresses and suits arrive in tip-top shape with these packing tips from the pros. source https://www.nytimes.com/2024/12/23/travel/how-to-pack-formal-clothing.html

Honda and Nissan Unveil Merger Talks as Global Competition Bears Down

Japan’s second- and third-largest automakers hope the deal can help them catch up with Tesla and China’s BYD in electric vehicles and advanced software. source https://www.nytimes.com/2024/12/23/business/honda-nissan-merger-talks.html

Germany Searches for Motives in Christmas Market Attack

The authorities said they were struggling to understand the motives behind ramming a car into a Christmas market in the eastern city of Magdeburg, which left a 9-year-old boy among the five dead. source https://www.nytimes.com/2024/12/22/world/europe/germany-christmas-market-attack.html

‘Sonic’ Beats ‘Mufasa: The Lion King’ at the Box Office

“Mufasa: The Lion King” sputtered in second place at theaters in the United States and Canada. “Sonic the Hedgehog 3” was No. 1. source https://www.nytimes.com/2024/12/22/business/sonic-mufasa-lion-king-box-office.html

Why Is It So Hard to Make a Robot Chef?

Restaurants are experimenting with automation. But in the kitchen, human labor is hard to replace. source https://www.nytimes.com/2024/12/22/business/restaurant-robots.html

We Gave Workplace Advice. Readers Shared What They’d Do Instead.

Some readers have their own opinions about the workplace advice that this columnist doled out over the past six months. source https://www.nytimes.com/2024/12/22/business/work-advice-reader-feedback.html

Trump Appoints ‘The Apprentice’ Producer as Special Envoy to Britain

Mark Burnett and President-elect Donald J. Trump had a long and successful collaboration that made Mr. Trump a household name. source https://www.nytimes.com/2024/12/21/us/politics/mark-burnett-special-envoy.html

Iran’s Energy Crisis Hits ‘Dire’ Point as Industries Are Forced to Shut Down

Although Iran has one of the biggest supplies of natural gas and crude oil in the world, it finds itself in a full blown energy emergency, coming just as it also suffers major geopolitical setbacks. source https://www.nytimes.com/2024/12/21/world/middleeast/iran-economy-energy-crisis.html

Biden to Withdraw Unfinished Student Debt Proposals for 38 Million Borrowers

The decision to withdraw the regulations was a tacit acknowledgment that they would go nowhere under the Trump administration. source https://www.nytimes.com/2024/12/20/us/politics/biden-withdraw-student-debt-proposals.html

OpenAI Unveils o3 System That Reasons Through Math, Science Problems

The artificial intelligence start-up said the new system, OpenAI o3, outperformed leading A.I. technologies on tests that rate skills in math, science, coding and logic. source https://www.nytimes.com/2024/12/20/technology/openai-new-ai-math-science.html

Rupert Murdoch’s Appeal to Alter Family Trust Faces Uphill Battle

Mr. Murdoch’s appeal over whether he can consolidate his son Lachlan’s power over his media empire is due just before Christmas. source https://www.nytimes.com/2024/12/19/business/media/rupert-murdochs-appeal-to-alter-family-trust-faces-uphill-battle.html

William J. Hennessy Jr., Sketch Artist of Courtroom Drama, Dies at 67

His lively drawings of historic Supreme Court arguments, impeachment trials and murder cases gave the public a peek into venues where cameras were banned. source https://www.nytimes.com/2024/12/19/business/media/william-j-hennessy-jr-dead.html

What Are ‘Healthy’ Foods? New Rules for Labeling Are Issued.

The Food and Drug Administration released final rules on labeling foods as “healthy,” tightening limits for sugar, sodium and saturated fat. source https://www.nytimes.com/2024/12/19/health/fda-healthy-foods-label.html

Stocks Plunge as Fed Forecasts Fewer Rate Cuts Next Year

The Federal Reserve cut rates for a third time this year, but investors shuddered at revised forecasts suggesting only two cuts in 2025. source https://www.nytimes.com/2024/12/18/business/stock-market-fed-rate-cut-forecast.html

California Declares an Emergency Over Bird Flu

Officials have discovered the virus in 645 herds, more than in any other state so far. source https://www.nytimes.com/2024/12/18/health/bird-flu-emergency-california.html

Under Pressure, Hyundai Supplier Ends Alabama Prison Labor Contract

The supplier fired dozens of prisoners after some of them said they felt they had no choice but to take those jobs. source https://www.nytimes.com/2024/12/18/business/hyundai-supplier-alabama-prison-labor.html

Matilda Djerf Apologizes Amid Claims of Workplace Toxicity

The popular Swedish influencer began a fashion brand in 2019. Some employees say working there wasn’t as great as it looked on social media. source https://www.nytimes.com/2024/12/17/style/matilda-djerf-apology.html

With Sports Gambling Surging, Federal Regulation Is Discussed

With the industry’s popularity on the rise, the Senate Judiciary Committee held a hearing to discuss its effect on athletes, the public and the integrity of games. source https://www.nytimes.com/2024/12/17/business/sports-betting-federal-regulation.html

Elon Musk and SpaceX Face Federal Reviews After Violations of Security Reporting Rules

Federal agencies have opened at least three reviews into whether the company and its leader complied with disclosure protocols intended to protect state secrets, people with knowledge of the matter said. source https://www.nytimes.com/2024/12/17/technology/elon-musk-spacex-national-security-reporting.html

British Agencies Criticized Over Sewage in Public Waterways

The condemnation by a watchdog comes as England’s largest water company asks for an emergency loan and the nation wrestles with water pollution. source https://www.nytimes.com/2024/12/17/business/britain-sewage-thames-water-spills.html

‘LIfe-Changing’ Psychedelic, for When Life Is Ending

People are turning to psilocybin, ketamine and other treatments for palliative care. source https://www.nytimes.com/2024/12/17/health/psychedelic-medicine-palliative-care-end-of-life.html

Carlos Watson, Ozy Media Co-Founder, Is Sentenced to Almost 10 Years in Prison

A federal jury in July found Mr. Watson, who started the digital media company in 2013, guilty of trying to defraud investors and lenders. source https://www.nytimes.com/2024/12/16/business/media/carlos-watson-ozy-media-sentenced.html

Isak Andic, Founder of Mango Fashion Chain, Dies at 71

Mr. Andic got his start by selling T-shirts in Barcelona in the mid-1980s. He died in a fall during a hike. source https://www.nytimes.com/2024/12/14/fashion/isak-andic-dead.html

Amazon Disregarded Internal Warnings on Injuries, Senate Investigation Claims

A staff report by the Senate labor committee, led by Bernie Sanders, uncovered evidence of internal concern about high injury rates at the e-commerce giant. source https://www.nytimes.com/2024/12/16/business/economy/amazon-warehouse-injuries.html

Jerome Powell and the Fed Head for Another Collision with Trump

Rates may not come down as much or as quickly as had been expected, just as Trump — a self-declared “low-rate guy” — returns to the White House. source https://www.nytimes.com/2024/12/16/business/economy/trump-powell-fed.html

Automakers Thrived in the Pandemic. Many Are Now Struggling.

Changing technology, political turmoil and competition from China are cutting into profits and forcing carmakers to cut jobs and close factories. source https://www.nytimes.com/2024/12/15/business/automakers-trouble.html

ABC to Pay $15 Million to Settle a Defamation Suit Brought by Trump

The outcome of the lawsuit marks an unusual victory for President-elect Donald J. Trump in his ongoing legal campaign against national news organizations. source https://www.nytimes.com/2024/12/14/business/media/trump-abc-settlement.html

Isak Andic, Founder of Mango Fashion Chain, Dies at 71

Mr. Andic got his start by selling T-shirts in Barcelona in the mid-1980s. He died in a fall during a hike. source https://www.nytimes.com/2024/12/14/obituaries/isak-andic-dead.html

ABC to Pay $15 Million to Settle a Defamation Suit Brought by Trump

The outcome of the lawsuit marks an unusual victory for President-elect Donald J. Trump in his ongoing legal campaign against national news organizations. source https://www.nytimes.com/2024/12/14/us/politics/trump-abc-settlement.html

Judge Says Former ByteDance Executive Lied in Suit Against Company

A judge said this week that a former executive at ByteDance seemed to have fabricated evidence and submitted false statements in a high-profile 2023 lawsuit against the company. source https://www.nytimes.com/2024/12/13/business/bytedance-executive-lawsuit-tiktok.html

Bill Belichick’s Arrival in North Carolina Inspires Clothing Trends

With shirts playing off Chapel Hill’s name and cutoff hoodies, a college town immediately embraced the arrival of Bill Belichick in North Carolina. source https://www.nytimes.com/2024/12/13/style/bill-belichick-north-carolina.html

Elon Musk’s Playbook for DOGE Has a Precedent: X

Mr. Musk is wielding his X account to single out federal employees and agencies for cuts. He has used this method before. source https://www.nytimes.com/2024/12/13/technology/elon-musk-doge-x.html

Avant Gardner, Troubled Brooklyn Venue, Promises Security Changes in Major Renovation

The planned overhaul comes more than a year after two patrons who left the mega-club were found dead nearby. source https://www.nytimes.com/2024/12/13/nyregion/brooklyn-avant-gardner-security.html

Stanley Recalls More Than 2 Million Travel Mugs Over Burn Hazard

Stanley, which also makes trendy tumblers that are wildly popular on social media, urged consumers to contact them for replacement lids. source https://www.nytimes.com/2024/12/12/business/stanley-recall-mugs.html

Los Angeles Times Owner Wades Deeper Into Opinion Section

Dr. Patrick Soon-Shiong’s public comments and actions, including recently blocking an editorial weighing in on President-elect Trump’s cabinet picks, have concerned many staff members. source https://www.nytimes.com/2024/12/12/business/media/la-times-patrick-soon-shiong.html

F.A.A. Administrator Will Resign Before Trump Takes Office

Mike Whitaker, who runs the Federal Aviation Administration, is leaving the leadership position after serving only one year of a five-year term. source https://www.nytimes.com/2024/12/12/us/politics/faa-administrator-resigns.html

DealBook Summit: For Athletes, the How of Branding

A task force at the DealBook Summit discussed how from college to pro sports, becoming a brand is a challenge. source https://www.nytimes.com/2024/12/11/business/dealbook/athletes-brands-careers.html

DealBook Summit: Seismic Political Shifts Will Continue

A lively DealBook Summit task force agreed on little except that the electorate is restless. source https://www.nytimes.com/2024/12/11/business/dealbook/election-task-force.html

DealBook Summit: Women Need More Help to Rise in the Workplace

A DealBook Summit panel said a lack of helpful policies was hindering female advancement, while freezing eggs to postpone motherhood did not always work out. source https://www.nytimes.com/2024/12/11/business/dealbook/women-workplace-advancement.html

DealBook Summit: Technologists on Smarter-Than-Humans Technology

Most members of a DealBook Summit panel described immense benefits from artificial intelligence and saw its risks as manageable. source https://www.nytimes.com/2024/12/11/business/dealbook/technology-artificial-general-intelligence.html

Federal Judge Blocks $25 Billion Kroger-Albertsons Grocery Merger

The Federal Trade Commission notched a victory in its efforts against the supermarket merger, which it sought to block over concerns about harm to shoppers and workers. source https://www.nytimes.com/2024/12/10/business/kroger-albertsons-merger-ftc.html

Eric Trump Promises the ‘Most Pro-Crypto President’ in History

Speaking at a Middle East conference, President-elect Donald J. Trump’s son said his family had embraced cryptocurrency because some banks stopped doing business with them after Jan. 6. source https://www.nytimes.com/2024/12/10/us/politics/eric-trump-cryptocurrency-conference.html

U.S. Data Agency Blames Old Tech and Other Failures for Missteps

The Bureau of Labor Statistics, which tracks jobs and inflation, issued a report on what caused embarrassing episodes in which data was released improperly. source https://www.nytimes.com/2024/12/10/business/economy/bls-data-report.html

Wall Street’s Titans Can’t Wait for Trump 2.0

The financial world sees plenty of opportunity in the return of President-elect Donald J. Trump. For now, Wall Streeters are looking past the risks. source https://www.nytimes.com/2024/12/10/business/wall-street-trump.html

Trump’s Perfume Line Hits the Market With Jill Biden Photo

Everything around President-elect Donald J. Trump has become something to monetize, including a moment of comity with Jill Biden at Notre-Dame over the weekend. source https://www.nytimes.com/2024/12/09/us/politics/trump-perfumes-sneakers-licensing.html

Google Makes New Quantum Computing Breakthrough

Google unveiled an experimental machine capable of tasks that a traditional supercomputer could not master in 10 septillion years. (That’s older than the universe.) source https://www.nytimes.com/2024/12/09/technology/google-quantum-computing.html

Rupert Murdoch Fails in Bid to Change Family Trust

A Nevada commissioner ruled resoundingly against Mr. Murdoch, who was trying to give full control of his empire to his son Lachlan and lock in Fox News’s right-wing editorial slant. source https://www.nytimes.com/2024/12/09/business/media/rupert-lachlan-murdoch-family-trust.html

TikTok Asks Court to Temporarily Pause Ban As It Looks to Supreme Court or Trump to Weigh In

The company is requesting a pause on a law that requires the app to be sold or face a ban in the United States by mid-January, aiming to buy time for the Supreme Court or the incoming Trump administration to rescue it. source https://www.nytimes.com/2024/12/09/business/tiktok-temporary-pause-ban-supreme-court-trump.html

Britain’s Flawed Jobs Reports Leave Economists ‘Second-Guessing’

Officials are grappling with an incomplete picture of Britain’s labor market as the national statistics agency strains to improve data quality. source https://www.nytimes.com/2024/12/09/business/britain-jobs-data.html

Commerce Dept. Is on the Front Lines of China Policy

The department has confronted the challenge of China by restricting key exports, a policy that is likely to continue in the Trump administration. source https://www.nytimes.com/2024/12/08/us/politics/commerce-dept-is-on-the-front-lines-of-china-policy.html

Trump Says He Does Not Have Plans to Replace Jerome Powell as Fed Chair

Donald J. Trump, the president-elect, said he doesn’t “see it” when asked if he would try to oust the head of America’s central bank. source https://www.nytimes.com/2024/12/08/us/politics/trump-federal-reserve-jerome-powell.html

Bill Clinton on the Election, D.E.I. and One of His Regrets

The former president spoke with Andrew Ross Sorkin at the DealBook Summit. source https://www.nytimes.com/2024/12/08/business/dealbook/bill-clinton-dealbook.html

Inside the Four-Day Workweek Experiment

A British group is pushing for more companies to offer their workers shorter hours. Here’s what it looks like for two companies willing to test it out. source https://www.nytimes.com/2024/12/08/business/four-day-work-week-uk.html

Must I Share My Story?

A reader asks whether she needs to let her new colleagues, most of whom work remotely, know that she is undergoing chemotherapy treatments. source https://www.nytimes.com/2024/12/08/business/bad-manager-work-advice.html

Ruby Slippers From ‘Wizard of Oz’ Sell for $28 Million at Auction

The slippers worn by Judy Garland in “The Wizard of Oz” were stolen from the museum that bears her name in 2005 before investigators recovered them in 2018. source https://www.nytimes.com/2024/12/07/us/wizard-oz-garland-ruby-slippers-auction.html

TikTok Creators React to Legal Ruling on U.S. Ban

The social media service was flooded with videos on Friday after a panel of judges upheld a law that could shutter the app in the United States. source https://www.nytimes.com/2024/12/06/style/tiktok-ban-reactions.html

The Silicon Valley Billionaires Steering Trump’s Transition

The involvement of wealthy investors has made this presidential transition one of the most potentially conflict-ridden in modern history. source https://www.nytimes.com/2024/12/06/us/politics/trump-elon-musk-silicon-valley.html

A Second Trump Term Is Set to Scramble Trade Alliances

Europe’s new pact with South America, its largest deal to date, could be a sign of how countries will diversify trade relationships as Donald Trump threatens tariffs. source https://www.nytimes.com/2024/12/06/us/politics/trump-trade-alliances.html

Cash App Wades Into the Exclusive World of Presale Concert Tickets

Legacy credit cards and banks aren’t the only banking options to come with perks for premium access to events anymore. source https://www.nytimes.com/2024/12/06/business/kendrick-lamar-sza-tour-cash-app.html

McKinsey to Pay $122 Million to Settle South Africa Bribery Case

The global consultancy was accused of bribing foreign government officials. A former senior partner pleaded guilty to a conspiracy charge. source https://www.nytimes.com/2024/12/05/world/africa/mckinsey-bribery-case-south-africa.html

‘Delay, Deny, Defend’: United Has Faced Scrutiny Over Denying Claims

The company has been accused of using algorithms to deny treatments and refusing coverage of nursing care to stroke patients. source https://www.nytimes.com/2024/12/05/nyregion/delay-deny-defend-united-health-care-insurance-claims.html

Lance Morrow, 85, Award-Winning Essayist for Time Magazine, Is Dead

His voice carried weight on the influential back page and as the writer of many “Man of the Year” cover articles. As a memoirist he chronicled his heart attacks. source https://www.nytimes.com/2024/12/05/business/media/lance-morrow-dead.html

Federal Judge Rejects Boeing’s Guilty Plea Related to 737 Max Crashes

The agreement, opposed by some victims’ families, would have required the aviation company to pay a fine of up to $487 million and invest in additional safety measures. source https://www.nytimes.com/2024/12/05/us/politics/boeing-max-guilty-plea-rejected.html

FIFA Secures $1 Billion Broadcast Deal With DAZN for Club World Cup

An agreement with the London-based streaming company DAZN came just a day before the draw for the inaugural event and after other networks balked at FIFA’s demands. source https://www.nytimes.com/2024/12/04/business/fifa-dazn-club-world-cup.html

BlackRock Acquires HPS, a Major Lender of Private Credit

The world’s largest investor is buying HPS, a major provider of private credit, for $12 billion. source https://www.nytimes.com/2024/12/03/business/blackrock-hbs-private-credit.html

McDonald’s E Coli Outbreak Declared Over

Federal health agencies closed their investigations into the bacterial outbreak that sickened 104 people and was linked to onions on the fast-food chain’s signature Quarter Pounders. source https://www.nytimes.com/2024/12/03/health/ecoli-mcdonalds-onions.html

Black Friday and Cyber Monday Shopping Exceeds Industry Estimates

An estimated 197 million people shopped from Black Friday to Cyber Monday, the National Retail Federation said, fewer than last year but surpassing the group’s expectations. source https://www.nytimes.com/2024/12/03/business/black-friday-cyber-monday-shopping.html

The Woman Behind Ballerina Farm, Hannah Neeleman, Makes Her Own Path

Her picture-perfect life as a Mormon farm wife has made Hannah Neeleman a social media star and a cultural lightning rod. source https://www.nytimes.com/2024/12/03/dining/ballerina-farm-hannah-neeleman.html

Elon Musk’s $50 Billion Tesla Pay Can’t Be Reinstated, Delaware Judge Rules

The judge said she would not reverse her decision to strike down the compensation package after Tesla shareholders approved Mr. Musk’s pay a second time. source https://www.nytimes.com/2024/12/02/business/elon-musk-tesla-pay-ruling.html

G.M. Will Sell Stake in EV Battery Plant to LG

LG Energy Solution will now solely own a factory in Michigan that it had planned to operate through a joint venture with General Motors. source https://www.nytimes.com/2024/12/02/business/gm-ev-batteries-lg.html

Jason Laks Named President of Broadway League

The Broadway League, an industry trade organization, named Jason Laks as its new president. “I think our mission has to be more than to make it 2019 again,” Laks said. source https://www.nytimes.com/2024/12/02/theater/broadway-league-jason-laks.html

Will Trump’s Dollar Diplomacy Roil Global Trade?

The President-elect is demanding the so-called BRICS countries pledge fealty to the greenback, or risk a new wave of tariffs. source https://www.nytimes.com/2024/12/02/business/dealbook/trump-dollar-diplomacy.html

How to Choose an All-Inclusive Resort

The number of all-inclusives has risen dramatically in recent years, with efforts to improve food and beverage quality and increase activities and amenities. source https://www.nytimes.com/2024/12/02/travel/inclusive-resort-guide.html

C.E.O. of Stellantis, Owner of Chrysler and Jeep, Resigns

The company, facing slumping sales, announced that Carlos Tavares would step down immediately and that a search for a new chief was underway. source https://www.nytimes.com/2024/12/01/business/stellantis-ceo-resigns.html