NYT > Business

    Delay, Deny and Deflect: How Facebook’s Leaders Fought Through Crisis

    Delay, Deny and Deflect: How Facebook’s Leaders Fought Through Crisis


    Facebook has gone on the attack as one scandal after another — Russian meddling, data sharing, hate speech — has led to a congressional and consumer...

    Russian meddling, data sharing, hate speech — the social network faced one scandal after another. This is how Mark Zuckerberg and Sheryl Sandberg responded.
    Utility Customers May Be on the Hook for Billions in Wildfire Damage

    Utility Customers May Be on the Hook for Billions in Wildfire Damage


    Investigators have yet to determine the cause of the Camp Fire, which has killed at least 56 people. Many fires in recent years have been caused by downed power lines serving California’s...

    The company’s stock has been cut almost in half since last week as investors assess the potential payout if its equipment is found to blame.
    Brexit Could Leave Wedding Bouquets Stuck at the Border

    Brexit Could Leave Wedding Bouquets Stuck at the Border


    More than a third of the global flower trade flows through the Aalsmeer marketplace in the...

    From greenhouses in Kenya to auction houses in the Netherlands to florists in London, the shipment of flowers highlights Brexit’s potential disruption to trade.
    Powell Says Fed Deserves Credit for Economic Growth

    Powell Says Fed Deserves Credit for Economic Growth


    The Federal Reserve chairman, Jerome H. Powell. “Our policy is part of the reason the economy is in such a good place now,” he said on...

    The Fed chairman, Jerome H. Powell, did not mention President Trump on Wednesday, but his remarks amounted to a defense of the central bank.
    Judge Says Ruling on CNN Lawsuit Will Come on Thursday

    Judge Says Ruling on CNN Lawsuit Will Come on Thursday


    News organizations issued a joint statement of support for CNN’s lawsuit against the White...

    The dispute over the press credentials of the correspondent Jim Acosta has become a potentially significant legal showdown over journalists’ rights. A judge will issue a ruling on Thursday.
    Caroline Rose Hunt, 95, Dies; Turned Inheritance Into Vast Wealth

    Caroline Rose Hunt, 95, Dies; Turned Inheritance Into Vast Wealth


    Caroline Rose Hunt in 2009 at the Mansion on Turtle Creek in Dallas, a luxury hotel that was part of her vast business empire. By 1986 she had become the richest member of the Hunt family and one of America’s wealthiest...

    An heiress to a Texas oil fortune, she protected her assets as her brothers went bust trying to corner silver, and she quietly built a real fortune.
    State of the Art: How Google Photos Became a Perfect Jukebox for Our Memories

    State of the Art: How Google Photos Became a Perfect Jukebox for Our Memories


    Google Photos, introduced in 2015, has become one of the most emotionally resonant pieces of technology today. It is also shaping our narratives along the...

    Google Photos, introduced in 2015, has become one of the most emotionally resonant pieces of technology today. It is also shaping our narratives along the way.
    A Fugitive Financier’s Charm Offensive Has P.R. Firms Proceeding With Caution

    A Fugitive Financier’s Charm Offensive Has P.R. Firms Proceeding With Caution


    Jho Low onstage at the 2014 Angel Ball in New York. Mr. Low has been portrayed by federal authorities as the mastermind of a scheme to loot billions of dollars from a Malaysian state investment...

    Jho Low is accused of masterminding the disappearance of more than $2.7 billion in Malaysia. Firms representing him are being careful amid scrutiny of foreign influence efforts.
    Uber’s Losses Continue Ahead of Initial Public Offering

    Uber’s Losses Continue Ahead of Initial Public Offering


    Uber is preparing for an initial public offering next year, in what would likely be one of the biggest technology...

    Uber, which is moving toward a public debut next year, said its net loss was more than $1 billion in the third quarter.
    German Economy Shrinks Unexpectedly, Adding to Europe’s Risk

    German Economy Shrinks Unexpectedly, Adding to Europe’s Risk


    A Mercedes-Benz assembly line in Sindelfingen, Germany. Germany’s decline in output last quarter was caused in part by production backlogs at its...

    The Continent faces a confluence of economic and political crises after Germany’s growth disappointed and Italy defied calls to modify a populist budget plan.
    Dominating Retail? Yes. Reviving a City? No Thanks.

    Dominating Retail? Yes. Reviving a City? No Thanks.


    A demonstration in front of Amazon in Seattle in April. Protesters called for a tax on the city’s largest companies to help pay for homeless services. The tax passed, but Amazon fought the measure, and the Seattle City Council repealed...

    Amazon is not in the business of saving your hometown.

    New York Is a Genuine Tech Hub (and That Was Before Amazon)


    The Bay Area in California remains the nation’s high-tech epicenter. But New York’s tech work force has been growing...

    The Bay Area in California remains the nation’s high-tech epicenter. But New York’s tech work force has been growing impressively.
    For University of Minnesota, Chinese Tycoon’s Arrest Shines Light, Again, on Sexual Assault

    For University of Minnesota, Chinese Tycoon’s Arrest Shines Light, Again, on Sexual Assault


    Richard Liu, the founder and chief of JD.com, in 2016. Mr. Liu, who has denied wrongdoing, was in Minnesota for a global business program, aimed at Asian executives, that is on track to generate over $10 million in tuition since starting last...

    The billionaire Richard Liu, who has denied wrongdoing, was in Minneapolis attending a relatively new and lucrative academic program when he was arrested.
    Before a Deal, Amazon Had to Know: Could Cuomo and De Blasio Get Along?

    Before a Deal, Amazon Had to Know: Could Cuomo and De Blasio Get Along?


    A former General Services Administration building is surrounded by residential and office high-rises in the Crystal City neighborhood of Arlington,...

    After meeting with the governor and mayor, Amazon decided the men could put aside their differences, and it began to iron out a package worth over a billion dollars.
    Uber and Lyft Announce Rewards Programs

    Uber and Lyft Announce Rewards Programs


    Uber is launching a rewards program that will give riders perks for using the...

    The car-hailing services, battling for riders, will now offer customers points that can add up to free trips and other perks.
    How to Tell if Those Black Friday Deals Are Actually Worth Buying

    How to Tell if Those Black Friday Deals Are Actually Worth Buying


    This Black Friday, keep an eye out for deals on small appliances and electronics, like crock pots and the Instant Pot, Wirecutter experts...

    Black Friday and Cyber Monday mean hundreds of online deals, discounts, and in-person doorbusters, but these tips will help you tell which ones are really worth your money.
    A $2 Billion Question: Did New York and Virginia Overpay for Amazon?

    A $2 Billion Question: Did New York and Virginia Overpay for Amazon?


    Gov. Andrew M. Cuomo of New York looked on as Mayor Bill de Blasio shook hands Tuesday with John Schoettler, an Amazon executive. The state will give the company more than $1.5 billion in incentives to locate an operation in Long Island City, Queens, and...

    The states offered tax credits, rebates and other incentives to lure the online retail giant and 25,000 jobs. Neighboring states offered even more.
    Amazon’s New York Home Qualifies as ‘Distressed’ Under Federal Tax Law

    Amazon’s New York Home Qualifies as ‘Distressed’ Under Federal Tax Law


    Several areas of Long Island City have been designated as federal “opportunity zones.” The one that includes Amazon’s site was attracting development even before the tax...

    The Long Island City site was designated as an “opportunity zone,” an incentive created by President Trump’s tax bill to help low-income areas attract investment.
    Learning to Attack the Cyberattackers Can’t Happen Fast Enough

    Learning to Attack the Cyberattackers Can’t Happen Fast Enough


    Prof. Marios Savvides of Carnegie Mellon University’s College of Engineering held a webcam to demonstrate a facial recognition system he developed with his research...

    Carnegie Mellon’s CyLab is one of the largest institutions in the world focused on education and research for the next generation of cybersecurity experts.

    CNN Sues Trump Administration for Barring Jim Acosta From White House


    The network, citing violations of the First and Fifth Amendments, asked a federal court to reinstate his press credentials, which were revoked after an exchange with President Trump last...

    The network, citing violations of the First and Fifth Amendments, asked a federal court to reinstate his press credentials, which were revoked after an exchange with President Trump last week.
    Hopper Painting Sells for Record $91.9 Million at Christie’s

    Hopper Painting Sells for Record $91.9 Million at Christie’s


    Edward Hopper’s “Chop Suey,” an oil on canvas from 1929, sold for $91.9 million on Tuesday...

    In three auctions, there were some formidable prices, though eyebrows were raised at a number of intimidating estimates. And there were failures.
    When Hospitals Merge to Save Money, Patients Often Pay More

    When Hospitals Merge to Save Money, Patients Often Pay More


    Jennifer Lamptey, a radiologic technologist, adjusting a CT scan at the Saint Raphael campus of Yale New Haven Hospital, part of a bigger system set to control a quarter of Connecticut’s hospital...

    Rapid consolidation has created powerful groups of hospitals, with organizations dictating prices and fueling health spending in some areas of the country.
    Square Feet: As Art Collections Grow, So Do the Places That Stash Them

    Square Feet: As Art Collections Grow, So Do the Places That Stash Them


    Uovo, which provides storage services for art, fashion and other collections, has nearly doubled its space since starting three years ago at this site in Long Island City,...

    Storage companies are scrambling to keep up growing demand by expanding their facilities and offering more services as collectors and galleries run out of room.
    Japan’s Economy Hit by Natural Disasters and Trade Frictions

    Japan’s Economy Hit by Natural Disasters and Trade Frictions


    The Keihin Industrial Zone in Kawasaki, Japan. A decline in Japan’s domestic demand was the biggest reason the economy shrank, but economists say the disruptions were temporary and the decline in exports is more...

    The third-quarter contraction was greater than expected and offered a worrying sign that trade protectionism is starting to take a toll.
    With Hoopla and Murals, Crystal City Welcomes Amazon

    With Hoopla and Murals, Crystal City Welcomes Amazon


    A vacant warehouse decorated with murals enticing Amazon in the Crystal City neighborhood of Arlington,...

    Crystal City, a declining neighborhood in Arlington, Va., cheered Amazon’s arrival on Tuesday. It’s getting a new name — National Landing — to go along with its victory.
    Juul Suspends Selling Most E-Cigarette Flavors in Stores

    Juul Suspends Selling Most E-Cigarette Flavors in Stores


    More than three million middle and high school students reported using e-cigarettes in 2017, according to preliminary government data, with about one-third saying the flavors were a big factor in their...

    Juul will restrict sales of nearly all its flavored pods to the internet, and stop most social media promotion to combat youth vaping, bowing to government and public pressure.
    DealBook: WeWork’s Rise: How a Sublet Start-Up Is Taking Over

    DealBook: WeWork’s Rise: How a Sublet Start-Up Is Taking Over


    The WeWork building at the Brooklyn Navy Yard. The company has said it is the largest real estate tenant in New York, London and...

    Critics have derided WeWork as overvalued and vulnerable to the next downturn. But the company holds so many leases in so many cities, it might hold more power than its landlords.
    Barry Rand, Barrier-Breaking Chief Executive, Is Dead at 74

    Barry Rand, Barrier-Breaking Chief Executive, Is Dead at 74


    Barry Rand, one of few African-Americans to become chief executive of a Fortune 500 company, in...

    After being passed over at Xerox, he became one of the few African-American chief executives of a Fortune 500 company when he took control of Avis.
    SoftBank Invests $3 Billion More in WeWork

    SoftBank Invests $3 Billion More in WeWork


    SoftBank will invest an additional $3 billion in WeWork at a valuation of at least $42...

    WeWork, the co-working office company, announced the additional investment at a valuation of at least $42 billion.
    Who Has the Copyright Over My Cheese?

    Who Has the Copyright Over My Cheese?


    The legal dispute centered on cheese spreads sold in shops across the...

    The European Union’s highest court decided the taste of a cheese does not qualify for protection.
    Facebook Failed to Police How Its Partners Handled User Data

    Facebook Failed to Police How Its Partners Handled User Data


    Sheryl Sandberg, Facebook’s chief operating officer, testified before the Senate Intelligence Committee in September. Ron Wyden, a committee member, has pressed the company on its data privacy...

    For years, Facebook struck deals that gave device makers access to troves of user data. A disclosure to Congress details the company’s lax oversight of those partnerships.
    Amazon Chooses Queens and a Washington Suburb for ‘Second Headquarters’

    Amazon Chooses Queens and a Washington Suburb for ‘Second Headquarters’


    A view of Long Island City in Queens on Tuesday. Amazon has chosen the outer-borough neighborhood for one of its two HQ2 locations, according to a person familiar with the decision-making...

    After a yearlong search for another home, Amazon has finalized plans to split about 50,000 employees between Long Island City in Queens and Crystal City, Va.
    Peugeot Returns to U.S. to Help People Get Around, but Not With Its Cars

    Peugeot Returns to U.S. to Help People Get Around, but Not With Its Cars


    The North American plan for Peugeot’s parent company, the PSA Group, starts with a new app, Free2Move, which offers users in Washington the ability to book any kind of...

    The company is thinking smaller, rolling out a mobility app, but also bigger: The move is about the future of the car market as well as the company.
    Breakingviews: G.E.’s New C.E.O. Risks Repeating History

    Breakingviews: G.E.’s New C.E.O. Risks Repeating History


    General Electric is pursuing asset sales with “urgency” in a bid to reduce the group’s...

    A failure to draw a line under its liabilities has shredded G.E.’s credibility. Its new chief executive risks falling into the same trap.
    Could Oysters Ease Trade Tensions With U.S.? European Leaders Hope So

    Could Oysters Ease Trade Tensions With U.S.? European Leaders Hope So


    The Courbey oyster park on the Arcachon Bay in France. The United States and Europe have long banned importing each other’s shellfish, but may be nearing a deal to open up trade on that...

    Europe’s top trade official will be in Washington on Wednesday looking for easy ways to mollify President Trump, including ending a mutual ban on shellfish imports.

    Stocks Dive After Apple Supplier Slashes Outlook


    Investors’ unease over the technology sector’s prospects appeared to be fueling the broad market...

    Investors’ unease over the technology sector’s prospects appeared to be fueling the broad market sell-off.