Industry News / Helpful Articles
DealBook: World’s Biggest Investor Tells C.E.O.s Purpose Is the ‘Animating Force’ for Profits
A year after his annual letter to chief executives urged them to run their companies with the social good in mind, the BlackRock chief Larry Fink said they must step into a leadership vacuum.
DealBook Briefing: Larry Fink Asks C.E.O.s to Lead a Divided World
The BlackRock chief executive argues that businesses cannot merely have a purpose; they must push forward on social and political issues.
Goldman Sachs’s Tactic in Malaysian Fraud Case: Smear an Ex-Partner
The investment bank is campaigning to convince the authorities that a former partner, Tim Leissner, was a master con man — and that is how the bank became ensnared in a vast fraud.
Paramount Was Hollywood’s ‘Mountain.’ Now It’s a Molehill.
After decades of nearly slapstick mismanagement — spinning off TV and missing the internet — the studio behind “The Godfather” is fighting for its life.
Sears Won’t Close Yet as Its Chairman, Edward Lampert, Fends Off Creditors
Mr. Lampert, a hedge fund manager, was the only bidder in a closed-door auction this week who sought to keep Sears operating as a “going concern.”
Malaysia Blames Goldman Sachs for Stolen Billions
“Don’t tell me you don’t know where the money went,” the country’s finance minister said.
Leslie Moonves to Take CBS to Arbitration Over $120 Million Severance
Mr. Moonves was fired for cause by the company’s board following numerous allegations of sexual misconduct. He denies them, and wants his lucrative exit payment.
Corner Office: Hadi Partovi Was Raised in a Revolution. Today He Teaches Kids to Code.
The founder and chief executive of Code.org, who was born in Iran, says computer science is a “foundational skill,” one that future doctors, lawyers and politicians should all possess.
DealBook Briefing: ‘Brexit’ Deal Fails; What’s Next for Britain?
Prime Minister Theresa May’s plan suffered a crushing defeat, which thrust Britain further into political chaos. She must come up with a backup proposal by Monday.
Expecting a Huge Payout, Investment Banker Loses His New Job Instead
Andrea Orcel, Europe’s most famous investment banker, was poised to become the new chief executive of Santander. But the bank refused to pay him compensation earned at his previous post.
In the Bond Market, the Economy Is Still Something to Worry About
The volatility that defined stocks late last year has receded, but the concerns of bond investors can be seen in the narrowing of the so-called yield curve.
Ford and VW Team Up, With Talk of Driverless and Electric Cars
The automakers will develop and build pickup trucks and vans for various markets while pursuing wider cooperation on advanced technologies.
DealBook Briefing: ‘Forecasting a Slowdown’ for 2019
Economic indicators around the globe are not doing much to bolster confidence so far.
How Fiat Chrysler Sped From Laggard to Leader in Detroit
The company’s chief says the automaker no longer needs a merger or alliance to remain competitive, thanks to strong sales of its S.U.V.s and trucks.
Hedge Fund Called ‘Destroyer of Newspapers’ Bids for USA Today Owner Gannett
The newspaper chain MNG Enterprises, backed by the hedge fund Alden Global Capital, is seeking to acquire the publisher of more than 100 newspapers.
PG&E Bankruptcy Tests Who Will Pay for California Wildfires
The utility faces $30 billion in potential liability over deadly fires linked to its equipment. Critics say it is pressuring the state to shield it.
DealBook Briefing: A Rival Makes a Bid for Gannett
MNG Enterprises, the owner of one of the largest newspaper businesses in the country, made a takeover offer for Gannett. But it has been rebuffed before.
PG&E Chief Is Out as Utility Faces California Fire Liability
The utility faces an estimated $30 billion exposure to liability for damages from the 2017 and 2018 wildfires that killed scores in Northern California.
Government shutdown fallout is hitting airports hard — also, your grocery store. And European officials are scrambling for a Brexit backup plan.
DealBook Briefing: Growing Unease Over Government Shutdown
President Trump headed to the border while the White House and Congress worked on solutions to reopen the government.
