Business

In America’s Heartland, Discussing Climate Change Without Saying ‘Climate Change’

Here in north-central Kansas, America’s breadbasket and conservative heartland, the economic realities of agriculture make climate change a critical business issue. At the same time, politics and social pressure make frank discussion complicated. This is wheat country, and Donald J. Trump country, and though the weather is acting up, the conservative orthodoxy maintains that the science isn’t settled. Continue reading ...

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Asian Shares Mixed as Investors Consider Latest Fed Minutes

HONG KONG — Asian stock indexes were mixed Thursday as investors assessed the latest Federal Reserve board’s meeting minutes. Japanese shares slipped as the yen strengthened against the dollar. KEEPING SCORE: Japan’s benchmark Nikkei 225 index fell 0.3 percent to 19,544.70 a day after hitting its highest level in 13 months as the yen’s strength hurt shares of some exporters. ...

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Philips to Sell Majority Stake in Lumileds After Earlier Deal Scrapped

Photo Frans van Houten, the chief executive of Philips. If the Lumileds deal is completed, Philips would retain a 19.9 percent interest for a minimum of three years. Credit Toussaint Kluiters/United Photos, via Reuters LONDON — Philips, the Dutch electronics giant, said on Monday that it would sell a controlling stake in its automotive and LED components business to affiliates ...

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Volkswagen to Cut 23,000 German Jobs as It Tries to Lift Profits

Photo A Volkswagen plant in Zwickau, Germany. The company said its plan would lead to savings of $3.9 billion a year. Credit Jens Meyer/Associated Press Volkswagen will cut about 23,000 jobs in Germany over five years as part of a deal with its powerful labor representatives to improve chronically low profitability at its largest unit. As it seeks to recover ...

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Self-Driving Truck’s First Mission: A Beer Run

Photo An Otto truck on a San Francisco street in May. Credit Ramin Rahimian for The New York Times SAN FRANCISCO — The futurists of Silicon Valley may not have seen this one coming: The first commercial delivery made by a self-driving truck was 2,000 cases of Budweiser beer. On Tuesday, Otto, the Uber-owned self-driving vehicle operation, announced the completion ...

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A Curious Plan to Fight Climate Change: Buy Mines, Sell Coal

“Everybody knew what to expect in Round 2,” Mr. Barrett said. “They would try to sell their best assets and leave their biggest environmental problems behind.” Knack for Deals The Natural Bridge is a rocky arch towering 215 feet above a small creek in southwestern Virginia. Thomas Jefferson bought the property from King George III of England for 20 shillings. ...

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Apple’s iPhone Reveal: Buzz Over Headphones Heightens Anticipation

Photo Attendees were glued to their phones at the Apple Worldwide Developers Conference in San Francisco in June. Credit Gabrielle Lurie/Agence France-Presse — Getty Images SAN FRANCISCO — Apple is set to unveil new iPhones at an event on Wednesday, as it has done every September for the last few years. The event, which will be held in San Francisco’s ...

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Fox News Names 2 Insiders to Top Posts

Photo The News Corporation building in New York. Rupert Murdoch, the executive chairman of News Corporation and chief executive of Fox News, announced leadership changes at Fox News on Friday. Credit Kevin Hagen/Getty Images In assuming the leadership of Fox News last month, Rupert Murdoch pledged a fresh start at a network reeling from accusations that its longtime chairman, Roger ...

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C.E.O.s Meet in Secret Over the Sorry State of Public Companies

Photo The idea for starting the series of meetings grew out of a frustration that Jamie Dimon, JPMorgan Chase’s chief executive, had about public companies. Credit Mario Tama/Getty Images Warren E. Buffett quietly walked through the lobby of JPMorgan Chase’s headquarters on Park Avenue in Manhattan last summer and was ushered up to the 49th floor by a security guard, ...

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Demand for ‘Himalayan Viagra’ Fungus Heats Up, Maybe Too Much

Photo Harvesters crawled while picking caterpillar fungus on the Tibetan Plateau in May. The caterpillar fungus, also known as yarsagumba or Himalayan Viagra, thrives in high altitudes with low temperature. Credit Kevin Frayer/Getty Images BAGDANDA, Nepal — From a pasture high in the Himalayas, Tulsingh Rokaya, 55, a shepherd, watched for years as the number of itinerant harvesters swelled. They ...

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