Business

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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What to Expect From the May Jobs Report

Photo A construction site in Orlando, Fla. The average monthly job gains in 2016 have so far fallen shy of the nearly 240,000 average of the last two years. Credit Loren Elliott for The New York Times At 8:30 a.m. Eastern time, the Labor Department will report the figures on hiring and unemployment in May. The average monthly job gains ...

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Hedge Funds Faced Choppy Waters in 2015, but Chiefs Cashed In

Mr. Griffin’s firm, Citadel, has grown from a hedge fund that managed family and pension fund money into a $25 billion firm that has expanded into the securities business, taking business away from the brokerage units of banks like Morgan Stanley and Goldman Sachs. Along the way, his own personal wealth has grown exponentially, and is estimated by Forbes at ...

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E.U. Offers to Loosen Restrictions on Iran Air

Photo An Iran Air plane in France in 2010. The airline has been banned from European air space for five years. Credit Thomas Coex/Agence France-Presse — Getty Images BRUSSELS — Almost six years ago, the European Union sharply curtailed access to its airspace for Iran’s aging airline fleet. But officials in Brussels say they are now prepared to loosen some ...

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Convoy Sees Itself as the Uber of Local Trucking

Photo Convoy, a start-up founded by former Amazon employees, will announce on Wednesday that it has raised $16 million in a new investment round led by Greylock Partners. Credit KC McGinnis for The New York Times SEATTLE — It has become a tech industry cliché to describe new on-demand businesses as “Ubers for X” — with X being anything from ...

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Italy Growers Wary of Olive Oil Fraud as New Law Is Weighed

Photo Nicola Fazzi, the director of the Colli Etruschi cooperative, among a member’s olive trees in Blera, Italy. He called a draft decree an attempt to “decriminalize adulterated oil.” Credit Nadia Shira Cohen for The New York Times BLERA, Italy — For some of the 300 olive growers who toil here in the rolling hills of the Lazio region, making ...

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Sharp, in Search for Buyer, Says It’s Leaning Toward Foxconn

Photo Foxconn is offering about $5.1 billion for Sharp, about twice as much as an investment fund financed by the Japanese government. Credit Yuya Shino/Reuters NAGOYA, Japan — Sharp, the struggling Japanese technology company best known for making liquid-crystal displays, said Thursday it was leaning toward an acquisition offer from Foxconn, the Taiwanese contract manufacturer that assembles most of Apple’s ...

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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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