NYT > Business

Malaysia Airlines to Cut 6,000 Jobs

Fri, 08/29/2014 - 04:04
Malaysia Airlines will cut 30 percent of its workforce as part of a restructuring that will cost about $1.9 billion, majority investor Khazanah Nasional said.

DealBook: Businesses Are Winning Cat-and-Mouse Tax Game

Thu, 08/28/2014 - 21:52
Corporations are finding ways to legally avoid paying federal taxes, causing business income tax revenue to be stagnant.

Anonymous Site Spurs Talks Between Nikki Finke and Ex-Boss

Thu, 08/28/2014 - 20:40
Ms. Finke has also nearly completed a nonfiction book on Hollywood that will be published by Simon & Schuster.

Evictions Soar in Hot Market; Renters Suffer

Thu, 08/28/2014 - 20:40
Fueled by a growing interest in urban living and a shortage of rental housing, rents have risen sharply in cities like Milwaukee and San Francisco and in states like Maine, Georgia and Kentucky.

Business Briefing: Abercrombie & Fitch to Cut Logo Items After Sales Decline

Thu, 08/28/2014 - 20:39
The company said it would reduce logo-focused apparel “to practically nothing” as it tries to remake its image with an expanded line, including larger sizes for women.

Business Briefing: Barbecue Chain to Drop Oklahoma From Name

Thu, 08/28/2014 - 20:38
Oklahoma Joe Bar-B-Que is frequently mentioned on lists of top barbecue restaurants, and it regularly lures well-known diners.

Advertising: Paying Homage to an Illustrator From the Industry’s Golden Era

Thu, 08/28/2014 - 20:36
McCauley Conner, 100, an artist from Madison Avenue’s golden age of illustration is being commemorated in a retrospective at the Museum of the City of New York.

Business Briefing: Dollar General Reports Disappointing Sales Growth

Thu, 08/28/2014 - 20:33
Gross margins fell 53 basis points to 30.8 percent in the second quarter, the sixth straight quarter without gross margin growth.

Business Briefing: American Bank Earnings Rise to $40.2. Billion

Thu, 08/28/2014 - 20:31
Earnings for April through June gained $2 billion, or 5.3 percent, from $38.2 billion in the same period of 2013.

High & Low Finance: In China, Detecting Fraud Riskier Than Doing It

Thu, 08/28/2014 - 20:11
Researching a Canadian company that mines in China resulted in a Chinese-born Canadian citizen being arrested, terrorized and prohibited from leaving China.

DealBook: In China, Dueling Scholarship Programs From Billionaires

Thu, 08/28/2014 - 20:06
Stephen A. Schwarzman of the Blackstone Group, and Zhang Xin, the chief executive of SOHO China, will bankroll scholarships for students in China.

DealBook: Barclays Agrees to Lend Detroit $275 Million to Exit Bankruptcy

Thu, 08/28/2014 - 19:07
Part of the proceeds will be used to retire a $120 million loan, in addition to $100 million that will go towards paying two classes of bankruptcy creditors. The remaining amount is to be invested in public improvements.

Bits Blog: Questions for IBM’s Watson

Thu, 08/28/2014 - 18:49
IBM’s Watson keeps adding new features. But can it make money?

Irish Panel to Pick Privacy Regulator With Global Reach

Thu, 08/28/2014 - 17:06
The commissioner will be responsible for protecting the rights of those who use technology services outside the United States, including many users of Facebook, LinkedIn and Apple.

Supplier for Samsung and Lenovo Accused of Using Child Labor

Thu, 08/28/2014 - 16:04
The supplier, HEG Technology, quickly denied the allegations by China Labor Watch, which has pressured big multinational companies about their supply chains.

Shale Oil in Texas Keeps Gas Prices Affordable

Thu, 08/28/2014 - 15:59
The South Texas Eagle Ford formation is producing around one million barrels of crude oil a day, helping to offset prices hikes on global turmoil.

Shell Submits a Plan for New Alaskan Arctic Oil Exploration

Thu, 08/28/2014 - 14:27
The company, which had experienced setbacks in its efforts in recent years, said it had not yet made a final decision on whether to drill next summer.

The Haggler: When a Customer Has Two Reasons to Say Ouch

Thu, 08/28/2014 - 13:50
A reader seeks the Haggler’s help in getting a refund on a $3,000 hair-removal treatment plan.

You’re the Boss Blog: Today in Small Business: Independent Contractors

Thu, 08/28/2014 - 13:13
Thanks to protesting workers, the president of a family supermarket gets his job back. Section 179 deductions are changing. Do you recline in your airline seat?

Bits Blog: With $30 Million More in Hand, IFTTT Looks to the Internet of Things

Thu, 08/28/2014 - 13:01
The idea behind the company, according to co-founder Linden Tibbets, is to give people more creative control over the many online services they use on a daily basis.