HONG KONG — Carrie Lam, the chief executive of Hong Kong, has a very loyal majority in the territory’s legislature. She has the complete backing of the Chinese government. She has a huge bureaucracy ready to push her agenda. Yet on Saturday, she was forced to suspend indefinitely her monthslong effort to win passage of […]
Read Any Good Books Lately? Start with This List
Featured image from Pixabay on Pexels Harry Truman was once quoted as saying, “Not all readers are leaders, but all leaders are readers.” Making uninterrupted book reading a part of each day can replenish a busy leader’s ideas, build fresh approaches to problem solving, and allow for much-needed down time. Grow Rich by Reading a […]
India to impose retaliatory tariff on 28 U.S. goods from Sunday: government statement
FILE PHOTO: A man holds the flags of India and the U.S. while people take part in the 35th India Day Parade in New York August 16, 2015. REUTERS/Eduardo Munoz/File Photo NEW DELHI (Reuters) – India will impose higher tariffs on 28 U.S. products including almonds, apples and walnuts, a government notificatihere;jsessionid=05BB93EF9871E631DCA5475F5330BC4E said. The new […]
Take Five: The Fed and the rest
(Reuters) – 1/THE FIRST CUT… FILE PHOTO: The Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 27, 2019. REUTERS/Brendan McDermid With President Donald Trump’s trade policies heightening fears of a U.S. recession, expectations of a Fed rate cut have dramatically increased in the past month. Money market pricing became even […]
The Week in Business: Oil Tankers Are Under Attack, and the Grocery-Delivery Battle Heats Up
Want this column in your inbox? Sign up here. Happy Father’s Day. I’ll be spending the morning (spoiler alert, dad!) trying to make eggs Benedict. Or, should my hollandaise fail to emulsify, just eggs I suppose. Wish me luck. On to the top business news! June 9–15 What’s Up? Dangerous Waters Oil prices ticked up […]
How The Owner Of NYC's Oldest Lesbian Bar Has Kept It Open (And Thriving) For Almost Thirty Years
Lisa Cannistraci, Owner of Henrietta Hudson Gabrielle Royal On a quiet corner in New York City’s West Village lies a legendary queer locale. The words “Bar and Girl” are written across the front awning, boldly welcoming queer women to Henrietta Hudson, the oldest lesbian bar in New York City. Lisa Cannistraci has owned and operated […]
Mission Impossible? Maker of Plant-Based Burger Struggles to Meet Chains’ Demand
Not since Harold and Kumar went to White Castle has there been such an insatiable hunger for burgers — but not for just any patty. The popularity of the Impossible Burger, a plant-based creation that has created a sizzle, even among circumspect carnivores, has disrupted the supply chain of two major national chains, White Castle […]
NATO faces big bill if it does not pick AWACS successor soon: officials
PARIS (Reuters) – NATO faces significant costs if it does not act soon to choose a successor for its ageing fleet of 14 Boeing E-3A Airborne Warning & Control System (AWACS) surveillance aircraft, often called the alliance’s “eyes in the sky”, senior officials said. FILE PHOTO: A NATO AWACS (Airborne Warning and Control Systems) aircraft […]
CFM erases jet engine output delay, cautious on rate increases
FILE PHOTO: Gael Meheust, President and CEO of CFM poses in front of LEAP-1A engine of an Airbus A321neo, during the 52nd Paris Air Show at Le Bourget airport near Paris, France June 21, 2017. REUTERS/Pascal Rossignol PARIS (Reuters) – CFM International has caught up with delays in deliveries of its LEAP jet engine after […]
How The Ultra-Rich Never Die
Want to hear a tip for joining the ranks of the ultra-wealthy of the world? Photo by Samuel Zeller on Unsplash Want to hear a tip for joining the ranks of the ultra-wealthy of the world? To joining those, though some have been gone now for many years now, whose wealth is still supporting and […]
How Data Can Help You Win in the Winner-Take-All Economy
This article is adapted from the book “How to Win in a Winner-Take-All World,” to be published June 18 by St. Martin’s Press. On the day I met Brett Ostrum, in a conference room in Redmond, Wash., he was wearing a black leather jacket and a neat goatee, and his laptop was covered with stickers […]
'Time is running out':Pope Francis urges business leaders to tackle climate emergency
Pontiff yesterday warned leading investors and energy giants that climate change ‘threatens the very future of the human family’ “Time is running out” to avert catastrophic levels of climate change, Pope Francis warned on Friday at a Vatican summit with leading global investors and business leaders, warning the crisis “threatens the very future of the […]
Why proposed changes to Hong Kong's extradition law fueled protests
HONG KONG (Reuters) – Hong Kong leader Carrie Lam has delayed indefinitely a proposed law that would allow extraditions to mainland China, in a dramatic retreat after widespread anger over the bill sparked the biggest street protests in three decades. Protesters hold signs following a day of violence over a proposed extradition bill, outside the […]
Is this the best kept secret in marketing? If not, it’s really close!
You may find this idea really useful and I’ve never written about it before. So, I thought I’d share it with you. Around 25 years ago, in Greenwich, London, I was introduced to a concept known (back then) as the success multiplier effect. The idea is extremely simple: If you want a business that grows […]
Nissan considers giving Renault some seats on oversight committees – source
TOKYO (Reuters) – Nissan Motor Co is considering giving its alliance partner Renault SA some seats on planned oversight committees after the French automaker expressed discontent with the envisioned governance reform, a source said. FILE PHOTO : The Nissan logo is seen at Nissan Motor Co.’s global headquarters building in Yokohama, Japan, December 17, 2018. […]
Bribes and Backdoor Deals Help Foreign Firms Sell to China’s Hospitals
BEIJING — A trip to the sauna. A golf club membership. Luxury watches. Neatly packed bricks of red Chinese bills worth $220,000. The bribes lined the pockets of health care officials across China. Their purpose: to get public hospitals to buy millions of dollars’ worth of sophisticated medical equipment made by foreign companies like General […]
Court grants American Airlines' request to end 'devastating' slowdown by unions
FILE PHOTO: American Airlines Boeing 737 MAX jets sit parked at a facility in Tulsa, Oklahoma, U.S., May 10, 2019. Photo taken May 10, 2019. American Airlines/Handout via REUTERS (Reuters) – A U.S. federal court on Friday granted American Airlines Group Inc’s request to halt an alleged illegal slowdown by its mechanics’ unions that the […]
Drug Makers Sue to Block Requirement for Listing Prices in TV Ads
Three of the nation’s major drug manufacturers sued the Trump administration on Friday to block a rule that would force them to put the price of their drugs in television advertisements beginning this summer. The lawsuit, filed Friday in federal court in Washington, D.C., by Merck, Eli Lilly and Amgen, as well as a trade […]
VW's Tennessee workers vote against union representation
CHATTANOOGA, Tenn. (Reuters) – Workers at Volkswagen AG’s assembly plant in the state of Tennessee narrowly voted against union representation, dealing a fresh blow to the United Auto Workers’ (UAW) efforts to unionize a foreign automaker’s plant in the U.S. South. FILE PHOTO: Cars are seen at the Volkswagen Chattanooga Assembly Plant in Chattanooga, Tennessee […]
Volkswagen Factory Workers in Tennessee Reject Union
In the latest defeat for organized labor in the South, workers at a Volkswagen plant in Tennessee rejected an effort to form a union this week. Of the roughly 1,600 workers who voted, 833 opposed the unionization effort, according to results released late Friday. The United Automobile Workers has been trying to organize the factory, […]
Trump presses Lockheed to keep open a Pennsylvania plant slated for closure
FILE PHOTO: U.S. President Donald Trump greets Lockheed Martin CEO Marillyn Hewson in front of a Lockheed Martin F-35 stealth fighter on the driveway abutting the South Lawn prior to delivering remarks at a showcase of American-made products event at the White House in Washington, U.S., July 23, 2018. REUTERS/Carlos Barria/File Photo (Reuters) – U.S. […]
Nissan considers giving Renault some seats on oversight committees: Kyodo
FILE PHOTO : The Nissan logo is seen at Nissan Motor Co.’s global headquarters building in Yokohama, Japan, December 17, 2018. REUTERS/Kim Kyung-Hoon/File Photo TOKYO (Reuters) – Nissan Motor Co is considering giving its alliance partner Renault SA some seats on planned oversight committees after the French automaker expressed discontent with the envisioned governance reform, […]
Papa John's dismisses KPMG as its auditor, hires EY
FILE PHOTO: The Papa John’s store in Westminster, Colorado, U.S. August 1, 2017. REUTERS/Rick Wilking (Reuters) – Papa John’s International Inc said on Friday it dismissed KPMG LLP as its financial auditor and appointed Ernst & Young LLP, which served as its bookkeeper from 1990 to 2017, to handle its accounts for the fiscal year […]
Exclusive: Mexico blamed Walmart's size, access to rivals' data in blocking app deal
MEXICO CITY (Reuters) – Mexican officials blocked Walmart Inc’s deal to buy delivery app Cornershop because Walmart could not guarantee a level playing field for rival retailers, whose customers use the app to order groceries and other goods, according to an official document and an interview with the top competition regulator this week. FILE PHOTO: […]
5 Hacks for Selling with Google Shopping
Featured image from Pexels Google Shopping is a great way to increase your brand’s visibility and catch customers at different stages of their purchase journey. In this article, we take a look at five hacks for getting the most out of Google Shopping. Let’s dive in. 1. Think About Screen Size This is a simple […]
How to Be Effective When Studying Online
Featured image from Burst on Pexels Are you trying to earn an MBA so you can be a better entrepreneur? If so, you’re probably doing a lot of your studying online while you continue to run your business. Here are some guidelines to help you do that more effectively. Studying Online Is Like Going to […]
A Superyacht Marina Is The Location For Miami's Hottest New Restaurant
The popular event space The Deck at Island Gardens is back as a restaurant serving dinner on Thursdays and Fridays and offering all-day dining from noon to midnight on Saturdays and Sundays. Conveniently located on Watson Island off the MacArthur Causeway between downtown and South Beach, most of the big boats in its deepwater marina […]
U.S. to launch public hearings on additional China tariffs next week
FILE PHOTO: Workers load goods for export onto a crane at a port in Lianyungang, Jiangsu province, China June 7, 2019. Picture taken June 7, 2019. REUTERS/Stringer WASHINGTON (Reuters) – The U.S. Trade Representative’s Office on Monday will kick off seven days of testimony from U.S. retailers, manufacturers and other businesses about President Donald Trump’s […]
Sprint and T-Mobile Merger Approval, Said to Be Near, Could Undercut Challenge by States
WASHINGTON — The Justice Department is moving closer to approving T-Mobile’s $26 billion merger with Sprint, but only if the companies sell multiple assets to create a new wireless competitor, according to three people familiar with the plan. If such an arrangement is approved, it could weaken an effort by attorneys general from nine states […]
6 Contract Types Your Business Needs
Image by Gerd Altmann from Pixabay While verbal agreements are adequate in some scenarios, most businesses need to get written contracts. These commitments protect them and their operations from exploitation. Therefore, if you are new to the world of entrepreneurship or are looking to take your small but growing business to the next level, here are the main […]
Apollo in talks to finance Dish Network bid for T-Mobile, Sprint assets – sources
(Reuters) – Private equity group Apollo Global Management is in talks with satellite TV provider Dish Network to finance a bid for wireless assets that will be divested in the proposed merger between T-Mobile and Sprint Corp, according to two people familiar with the matter. FILE PHOTO: A T-Mobile store is pictured in the Manhattan […]
U.S. Justice Department set to decide on T-Mobile, Sprint merger as soon as next week: source
WASHINGTON (Reuters) – The U.S. Justice Department is set to decide as early as next week whether to approve the $26.5-billion merger of wireless carriers T-Mobile USA and Sprint Corp, a person briefed on the matter said on Friday. FILE PHOTO: A smartphone with Sprint logo are seen in front of a screen projection of […]
Chicken producer Perdue enters crowded plant-based meat market
(Reuters) – Perdue Foods, one of America’s largest chicken producers, said it will sell frozen chicken nuggets mixed with cauliflower, chickpeas and plant protein to address a growing demand for products combining meat and vegetables. FILE PHOTO: Laborers clean a pile of dry chickpea outside a warehouse, along a wholesale market, in Karachi, Pakistan November […]
Elizabeth Warren Proposes Plan For Minority Entrepreneurs
To qualify, minority entrepreneurs need to have less than $100,000 in household wealth. (Photo by Scott Olson/Getty Images) Getty Images Topline: Presidential hopeful Elizabeth Warren has proposed a $7 billion grant program to fund minority entrepreneurs that would be paid for by her proposed Ultra-Millionaire Tax. Warren’s program, the Small Business Equity Fund, would give […]
Broadcom's $2 billion warning rattles global chip sector
LONDON/BENGALURU (Reuters) – Broadcom Inc sent a shockwave through the global chipmaking industry on Friday with its forecast that U.S.-China trade tensions and the ban on doing business with Huawei Technologies would knock $2 billion off the company’s sales this year. The forecast, included in the company’s second-quarter results late on Thursday, was the hardest […]
Wall Street ends down; Broadcom warning hits chip stocks
NEW YORK (Reuters) – U.S. stocks ended lower on Friday as investors were cautious going into next week’s Federal Reserve meeting, while a warning from Broadcom of a broad weakening in global demand weighed on chipmakers and added to U.S.-China trade worries. Shares of Broadcom Inc fell 5.6% after it cut its full-year revenue forecast […]
Ivanka Trump and Jared Kushner Report Up to $135 Million in 2018 Income
In their second year of government service, Ivanka Trump and Jared Kushner reported income from their companies and investments of as much as $135 million, according to their annual financial disclosure reports made public on Friday. All told, the couple’s real estate holdings and other investments were worth as much as $786 million, down slightly […]
Press Release: JD.com Partners with International Firms
Liu Qiandong, founder and CEO of the Chinese retail company JD.com, announced recently that the company had higher than expected first-quarter income. The windfall is a direct result of the Chinese retail company’s partnerships with multiple international brands, including Walmart, Tencent, and Google. The partnerships boosted the company’s sales, and they expect profits to further […]
Global stocks dip as Fed meeting looms, oil climbs on geopolitical fears
NEW YORK (Reuters) – U.S. stocks ended nominally lower on Friday as investors awaited next week’s Federal Reserve meeting for signs of imminent easing, while the U.S.-Iran confrontation in the Gulf of Oman added to geopolitical uncertainty, sending oil prices higher. Logos for Chewy Inc. are displayed on the trading floor on the morning of […]
Women Who Sued Makers of Pelvic Mesh Are Suing Their Own Lawyers, Too
A nearly decade-long legal battle over the harm inflicted on tens of thousands of women by surgically implanted pelvic mesh is moving away from manufacturers and toward the lawyers who helped the women bring their cases. In recent weeks, women who received some of roughly $8 billion in settlements have sued their lawyers, accusing them […]
Mexico ready to retaliate if U.S. imposes tariffs: minister
Mexico’s Economy Minister Graciela Marquez attends a session with lawmakers and senators at the Senate building in Mexico City, Mexico June 14, 2019. REUTERS/Carlos Jasso MEXICO CITY (Reuters) – Mexico will be ready to retaliate in kind if the U.S. government imposes tariffs on Mexican exports to the United States, Mexican Economy Minister Graciela Marquez […]
U.K. Bans Advertisements Depicting Gender Stereotypes
Men unable to change diapers; women cleaning while men kick their feet up on the couch; women having trouble with parking: Scenes like these, which play on gender stereotypes, are now banned in British advertisements. Britain’s advertising regulator announced the changes in December, but companies were given a six-month adjustment period before they took effect. […]
Money Is Not Just for Men
You’re reading In Her Words, where women rule the headlines. Sign up here to get it delivered to your inbox. Let me know what you think at dearmaya@nytimes.com. “I would argue that in our society, money is a male construct.” — Sallie Krawcheck, co-founder and C.E.O. of Ellevest, an investment platform for women Remember that […]
All eyes on Fed as stock market pines for rate cut
NEW YORK (Reuters) – The Federal Open Market Committee meeting next week is shaping up as a pivotal one for Wall Street, with stocks primed for a selloff should the Fed fail to take an even more dovish tilt after policymakers raised expectations for a rate cut in recent weeks. FILE PHOTO: A street sign […]
Local labor laws apply to Ryanair employees: Belgian court
FILE PHOTO: Ryanair logo is pictured on the the jacket of a cabin crew member ahead of a news conference by Ryanair union representatives in Brussels, Belgium September 13, 2018. REUTERS/Francois Lenoir MONS, Belgium (Reuters) – Belgium’s labor laws can apply to Ryanair employees based in the country, a local court ruled on Friday, in […]
Dish execs met with DOJ, FCC on T-Mobile, Sprint merger
FILE PHOTO: A T-Mobile store is pictured in the Manhattan borough of New York, New York, U.S., May 20, 2019. REUTERS/Carlo Allegri WASHINGTON (Reuters) – Dish Network Corp executives met this week with the U.S. Justice Department’s antitrust chief Makan Delrahim and Federal Communications Commission chairman Ajit Pai on the government’s review of the proposed […]
Broadcom's $2 billion warning shocks global chip sector
LONDON/BENGALURU – Broadcom Inc (AVGO.O) sent a shockwave through the global chipmaking industry on Friday with its forecast that U.S.-China trade tensions and the ban on doing business with Huawei Technologies would knock $2 billion off the company’s sales this year. The forecast, included in the company’s second quarter results late on Thursday, was the […]
VW to float 10% of truck unit, seeks to raise 1.9 billion euros
FRANKFURT (Reuters) – Volkswagen aims to raise up to 1.9 billion euros ($2.1 billion) by listing truck unit Traton, it said on Friday, scaling back earlier ambitions to list up to a quarter of the unit by opting to float a 10% stake. The German carmaker said in a statement that the offering would be […]
Culture Change For Climate Change
Social entrepreneurs at the leading creative edge of climate and culture speak at Welcome Change in New York City (left to right): Bren Smith of GreenWave, Paula Daniels of Center for Good Food Purchasing, Konstanze Frischen of Ashoka, Molly Burhans of GoodLands, Katrina Spade of Recompose. Ashoka By Konstanze Frischen What do fishermen, school cafeterias and the […]
Distrusting Both Iran and U.S., Europe Urges ‘Maximum Restraint’
BRUSSELS — Speaking of the attacks this week on fuel tankers in the Gulf of Oman, President Trump said flatly on Friday that “Iran did do it.” European governments may also think that Iran is probably to blame, but their distrust of the Trump administration and its hawkish policy toward Tehran have led them to […]