Business

How Rolling Stone Magazine Handled a Get With Ramifications

Photo The actor Sean Penn, left, and the drug lord Joaquín Guzmán Loera in a photo taken for interview authentication purposes. Credit Rolling Stone Several months ago, Jann Wenner, a founder of Rolling Stone magazine, received a call from the actor Sean Penn. Mr. Penn, Mr. Wenner said in an interview on Sunday, wanted to discuss something important. But he ...

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An Executive’s Arrest Gives Drug Makers Cover

Photo Demonstrators protested outside of the New York Activists protesting in October at the offices of Turing Pharmaceuticals, whose chief, Martin Shkreli, was arrested on Thursday. Credit Craig Ruttle/Associated Press During his three months as a household name, Martin Shkreli has been a walking, talking (incessantly) personification of one of the pharmaceutical industry’s worst nightmares — the greedy drug company ...

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Jack Ma of Alibaba in Talks to Buy Hong Kong Newspaper

Photo Jack Ma, the founder and chief executive of the Chinese Internet giant Alibaba. Credit Jonathan Ernst/Reuters HONG KONG — Jack Ma, chairman of the Internet giant Alibaba Group, is in talks to buy The South China Morning Post, an influential English-language newspaper based in Hong Kong, according to a person with direct knowledge of the discussions. A deal would ...

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Paul Singer, Influential Billionaire, Throws Support to Marco Rubio for President

Photo Paul Singer in Las Vegas in 2012. A billionaire, he gives money to Republican candidates and causes, often to up-and-coming candidates. Credit Steve Marcus/Reuters One of the wealthiest and most influential Republican donors in the country is throwing his support to Senator Marco Rubio of Florida, a decision that could swing millions of dollars in contributions behind Mr. Rubio ...

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Friends of the S.S. United States Send Out a Last S.O.S.

Photo The S.S. United States, docked in Philadelphia last year. Credit Jessica Kourkounis for The New York Times A Titanic-sized supership that once ferried presidents, Hollywood royalty, actual royalty and even the Mona Lisa has a place in the history books as the fastest oceanliner in the world. The owners are now racing to avoid having the ship, the S.S. ...

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Jenna Miller: Demystifier of Genetic Disorders

Photo Jenna Miller Credit Yana Paskova for The New York Times Jenna Miller, 25, is a genetic counselor with Recombine, a genetic testing company in New York. Q. What kind of counseling do you do? A. I mostly work with couples who are trying to conceive or those where the woman is already pregnant. They want to know if they’re ...

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Uber Missed Criminal Records of Drivers, Prosecutors Assert

Photo Two district attorneys in California are raising questions about the effectiveness of Uber’s background checks, saying the ride-hailing service failed to uncover the criminal records of 25 drivers in two cities. Credit Andrew Caballero-Reynolds/Agence France-Presse — Getty Images SAN FRANCISCO — For more than a year, regulators in various cities have questioned whether Uber, the ride-hailing service, vets its ...

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More Fees Propel Airlines’ Profits, and Embitter Travelers

Photo Wayne Miller discovered on a recent cross-country flight that the window seat upgrade he had paid for didn’t actually have window access. Credit Allison Shelley for The New York Times As a frequent business traveler, Wayne Miller, a distributor for an ethnic foods company, often pays extra to stretch out his legs. When he paid $38 for a window ...

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BP to Pay $18.7 Billion for Deepwater Horizon Oil Spill

Photo The Deepwater Horizon oil rig burned in the Gulf of Mexico in April 2010. Credit Gerald Herbert/Associated Press NEW ORLEANS — An $18.7 billion settlement announced Thursday of all federal, state and local claims against the oil giant BP arising from the 2010 Gulf of Mexico oil spill would be the largest environmental settlement — and the largest civil ...

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HSBC to Cut About 50,000 Jobs in Major Overhaul of Global Business

Photo HSBC’s headquarters in Hong Kong. The bank is starting a new round of cost cuts that could see its head count reduced by 50,000 around the world. Credit Bobby Yip/Reuters LONDON — The British bank HSBC, in a major revamping of its global strategy, said on Tuesday that it would shed as many as 50,000 jobs as it sells ...

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