NYT > Business

    Malaysia Files Criminal Charges Against Goldman Sachs Over 1MDB Scandal

    Malaysia Files Criminal Charges Against Goldman Sachs Over 1MDB Scandal


    “We believe these charges are misdirected, will vigorously defend them and look forward to the opportunity to present our case,” a Goldman Sachs spokesman said in a...

    In the wake of a scandal that brought down the country’s former prime minister, the Malaysian government is seeking fines in excess of $2.7 billion.
    Carlos Ghosn’s Successor at Nissan? The Board Is in No Hurry

    Carlos Ghosn’s Successor at Nissan? The Board Is in No Hurry


    The headquarters of Nissan Motors in Yokohama, Japan. The company’s board declined to name a new chairman on Monday and didn’t offer a timetable for when it...

    The automaker appointed a special committee to review its corporate governance but declined to set a timetable for picking a new chairman.
    Google to Add $1 Billion New York Campus for 7,000 More Workers

    Google to Add $1 Billion New York Campus for 7,000 More Workers


    Google offices in Manhattan. “New York City continues to be a great source of diverse, world-class talent,” Ruth Porat, Google’s chief financial officer, said in a statement on...

    The company said that expanding its existing operations in Manhattan would allow it to double its local work force over a decade.

    Global Markets Catch Their Breath After a Turbulent Run


    Stocks in Asia ended trading largely muted, while European indexes opened slightly lower, suggesting investors were taking a wait-and-see stance amid a run of...

    Stocks in Asia ended trading largely muted, while European indexes opened slightly lower, suggesting investors were taking a wait-and-see stance amid a run of volatility.
    Mediator: More Powerful Than a Russian Troll Army: The National Enquirer

    Mediator: More Powerful Than a Russian Troll Army: The National Enquirer


    If it had stuck with its original mission — digging up dirt on the rich and famous, without a care for the rules of traditional journalism — The Enquirer would have had the tabloid story of a...

    Now that the supermarket tabloid has admitted to prosecutors that it did political dirty work for Donald Trump, here’s a look at its unlikely power.
    Tech Workers Got Paid in Company Stock. They Used It to Agitate for Change.

    Tech Workers Got Paid in Company Stock. They Used It to Agitate for Change.


    Former and current Amazon employees who received stock grants have used them to submit a shareholder proposal asking the company to reduce its dependence on fossil...

    Workers at tech companies like Amazon are starting to use the stock grants that they were paid to turn the tables on their employers.
    Nashville’s Star Rises as Midsize Cities Break Into Winners and Losers

    Nashville’s Star Rises as Midsize Cities Break Into Winners and Losers


    Nashville, right, and Birmingham, Ala., left, were peers 40 years ago. The success of superstar cities like New York and San Francisco and substars like Nashville has come at the expense of Birmingham and other smaller...

    Nashville and others are thriving thanks to a mix of luck, astute political choices and well-timed investments, while cities like Birmingham, Ala., fall behind.
    Netflix’s Movie Blitz Takes Aim at Hollywood’s Heart

    Netflix’s Movie Blitz Takes Aim at Hollywood’s Heart


    Scott Stuber, the head of the movie division at Netflix, has been given a mandate to make the streaming service’s original film lineup as formidable as its television...

    “Roma” is just the start of the company’s film plans. Traditional studios and multiplex chains are wondering if the strategy will cause people to skip theaters.
    How McKinsey Has Helped Raise the Stature of Authoritarian Governments

    How McKinsey Has Helped Raise the Stature of Authoritarian Governments


    Monuments to Kiev’s founders burned during anti-government demonstrations in 2014. The protests led to the ouster of President Viktor F. Yanukovych, who rose to power with the help of...

    At a time when democracies and their basic values are increasingly under attack, the iconic American company has sometimes served clients in ways that directly counter American interests.
    Health Law Could Be Hard to Knock Down Despite Judge’s Ruling

    Health Law Could Be Hard to Knock Down Despite Judge’s Ruling


    Demonstrators protesting changes to the Affordable Care Act in June. On Friday, Judge Reed O’Connor ruled the law unconstitutional, but legal scholars question whether his decision will...

    Legal scholars on opposite sides of previous Obamacare court decisions find the legal argument in this one shaky.
    As the Trumps Dodged Taxes, Their Tenants Paid a Price

    As the Trumps Dodged Taxes, Their Tenants Paid a Price


    Jack Leitner outside the Beach Haven Apartments in Brooklyn. A tax scheme created by the Trumps, who owned the building, artificially inflated rent paid by him and thousands of other...

    A phony business the Trumps created to siphon wealth from their empire drove up the rent for thousands living in their buildings.

    8 Places Where Smartphones Tracked People’s Movements


    A New York Times investigation showed that data from over a million devices in the New York area exposed people’s daily...

    A New York Times investigation showed that data from over a million devices in the New York area exposed people’s daily habits.
    After Yellow Vests Come Off, Activists in France Use Facebook to Protest and Plan

    After Yellow Vests Come Off, Activists in France Use Facebook to Protest and Plan


    “Without Facebook there wouldn’t be such a movement, but the online activity is fueled by the energy in the streets,” said Thomas Mirallès, a real-estate agent in France who moderates a Facebook group for “Yellow Vest”...

    Away from the street protests, demonstrators have built thriving communities in Facebook groups, which are helping to fuel the Yellow Vests.
    LVMH Buys Belmond, Luxury Hotel Owner, as Rich Shoppers Spend More on Travel

    LVMH Buys Belmond, Luxury Hotel Owner, as Rich Shoppers Spend More on Travel


    A Louis Vuitton store in Paris. The company’s owner, LVMH, is expanding its presence in the so-called luxury experience sector by acquiring Belmond in a deal valued at $2.6...

    As wealthy millennial customers shift their money from goods to experiences, the world’s biggest luxury group is acquiring the company behind the Hotel Cipriani and Orient Express.

    Apple Will Update iPhones in China to Avoid a Ban on Sales


    The company said it would update the software of iPhones in China to try to resolve a legal dispute that threatens to block certain iPhone sales...

    The company said it would update the software of iPhones in China to try to resolve a legal dispute that threatens to block certain iPhone sales there.
    Facebook Says Bug Opened Access to Private Photos

    Facebook Says Bug Opened Access to Private Photos


    Mark Zuckerberg, Facebook’s chief executive, has pledged to do a better job protecting user...

    The announcement is the latest in a string of problems the social network has had with consumer data.
    Asbestos Opens New Legal Front in Battle Over Johnson’s Baby Powder

    Asbestos Opens New Legal Front in Battle Over Johnson’s Baby Powder


    Johnson & Johnson says that its Johnson’s Baby Powder has never contained asbestos and that claims are based on “junk...

    Johnson & Johnson says its product is safe. But asbestos, a carcinogen that can exist underground near talc, was a concern inside the company for decades.
    The Weekly Standard, Pugnacious to the End, Will Cease Publication

    The Weekly Standard, Pugnacious to the End, Will Cease Publication


    The Weekly Standard’s editor in chief, Stephen F. Hayes, said he was “profoundly disappointed” by the decision on Friday to shutter the...

    The decision to shutter the conservative magazine was contentious, with one of its founders calling the closing a “murder” and “an entirely hostile act.”
    Education Dept. Will Cancel $150 Million in Student Debt After Judge’s Order

    Education Dept. Will Cancel $150 Million in Student Debt After Judge’s Order


    After Education Secretary Betsy DeVos lost a fight to delay new rules, federal loan debt is being automatically eliminated for about 15,000 students who attended schools that...

    About 15,000 students who attended schools that closed will have their federal loans automatically eliminated. Education Secretary Betsy DeVos fought the change.
    What Amazon Could Learn From Google in New York City

    What Amazon Could Learn From Google in New York City


    Google’s building in the Chelsea neighborhood of Manhattan, where the company has grown from having a single worker in 2000 to employing more than 7,000 in offices...

    Amazon’s arrival in New York City has been loud. But Google has been quietly expanding in Manhattan for years, with few complaints from residents.
    Star Economist at Harvard Faces Sexual Harassment Complaints

    Star Economist at Harvard Faces Sexual Harassment Complaints


    Roland G. Fryer Jr. in 2016. Harvard is investigating his workplace behavior at the research lab he started...

    Roland Fryer’s ascent in the economics field was swift. Now he is embroiled in investigations into his workplace behavior.
    China’s Economy Slows Sharply, in Challenge for Xi Jinping

    China’s Economy Slows Sharply, in Challenge for Xi Jinping


    Passengers waiting for trains out of Dongguan, China, this week. Factories are sending many workers on Lunar New Year holiday more than two months before it...

    Car sales are falling. Housing is slow. Workers get three-month unpaid vacations. For Chinese leaders, pressure for a trade deal with President Trump is rising.
    The Workologist: When a Manager in Another Department Ignores Your Emails

    The Workologist: When a Manager in Another Department Ignores Your Emails


    An employee looking to make a switch gets no response and wonders if it’s because he’s the wrong “type.” Here’s how to stop brooding and take useful...

    An employee looking to make a switch gets no response and wonders if it’s because he’s the wrong “type.” Here’s how to stop brooding and take useful action.
    Your Money: The Simplest Annuity Explainer We Could Write

    Your Money: The Simplest Annuity Explainer We Could Write


    We define immediate annuities, fixed annuities, variable annuities and index annuities, plus give you questions to ask...

    We define immediate annuities, fixed annuities, variable annuities and index annuities, plus give you questions to ask salespeople.

    Times Insider: Uncovering What Your Phone Knows


    Jennifer Valentino-DeVries, an investigative reporter for The Times, explains how reporters discovered some of the information mobile apps...

    Jennifer Valentino-DeVries, an investigative reporter for The Times, explains how reporters discovered some of the information mobile apps collect.
    Nissan and Renault Face Leadership Crisis After C.E.O. Is Jailed

    Nissan and Renault Face Leadership Crisis After C.E.O. Is Jailed


    Carlos Ghosn dominated the alliance of Renault and Nissan for nearly two decades. His arrest has created a power vacuum at the...

    Carlos Ghosn’s arrest leaves the Franco-Japanese car alliance that revolved around him in limbo. There is no clear plan to fill the power vacuum.