Business
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If GoDaddy Can Turn the Corner on Sexism, Who Can’t?

Posted on 24 July 2017

A few years after Blake Irving became chief executive of the internet company GoDaddy, he spoke at a conference where the jeers started almost immediately.Attendees were particularly offended by GoDaddy’s history of sexist television commercials, which featured women in wet bikinis and innuendos so graphic some stations had refused the ads. But when Mr. Irving tried to explain that ...

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In China, Herd of ‘Gray Rhinos’ Threatens Economy

Posted on 24 July 2017

SHANGHAI — Let the West worry about so-called black swans, rare and unexpected events that can upset financial markets. China is more concerned about “gray rhinos” — large and visible problems in the economy that are ignored until they start moving fast.The rhinos are a herd of Chinese tycoons who have used a combination of political connections and raw ambition to create sprawling ...

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Uruguay’s Marijuana Law Turns Pharmacists Into Dealers

Posted on 20 July 2017

MONTEVIDEO, Uruguay — The rules are a bit of a buzzkill. Drug users must officially register with the government. Machines will scan buyers’ fingerprints at every purchase, and there are strict quotas to prevent overindulgence.But when Uruguay’s marijuana legalization law takes full effect on Wednesday, getting high will take a simple visit to the pharmacy.As American states legalize ma ...

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Jared and Ivanka to mingle with moguls who aren’t Trump fans

Posted on 13 July 2017

Jared Kushner and Ivanka Trump are hitting the road. The two powerful White House insiders are going to attend Allen & Co.’s mogulfest here in this resort town — mixing it up with some of the most powerful media moguls in the world, including some who have not exactly been full of praise for President Trump. Kushner, the president’s senior adviser and son-in-law, and Trump, the ...

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Sinclair Broadcasting Said to Be in Talks With Ex-Sony TV Chief Steve Mosko

Posted on 05 June 2017

LOS ANGELES — Now that Sinclair Broadcast Group has reached a deal to acquire Tribune Media and create a local television giant with 223 stations, it is talking to one of Hollywood’s most seasoned small-screen executives about joining the company to expand its programming.Steve Mosko, the former chairman of Sony Pictures Television, is in preliminary discussions with Sinclair about ...

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Oculus Founder Plots a Comeback With a Virtual Border Wall

Posted on 05 June 2017

Palmer Freeman Luckey was the kind of wunderkind Silicon Valley venerates. When he was just 21, he made an overnight fortune selling his start-up, a company called Oculus VR that made virtual-reality gear, to Facebook for $2 billion in 2014.But the success story took a sideways turn this year when Mr. Luckey was pressured to leave Facebook months after news spread that he had secretly donate ...

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VW Engineers Wanted O.K. From the Top for Emissions Fraud, Documents Show

Posted on 18 May 2017

FRANKFURT — Even after Volkswagen pleaded guilty to a nine-year conspiracy to dupe regulators and consumers, the carmaker has continued to insist that top executives played no role in the emissions fraud.But internal company emails and memos, which were reviewed by The New York Times, indicate that engineers wanted approval from top managers to deploy the illegal software almost from ...

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The Fall of Retailers Means Doomsday for Malls

Posted on 15 May 2017

American retail culture may well have reached a tipping point. Major department stores are floundering about like fish in a rapidly draining pond after reporting dreadful earnings last week. The time-honored multigenerational giants like Macy’s, Sears and JCPenney are all looking at a dramatically different future. Macy’s stock collapsed 17 percent after Thursday’s first-quarter report. ...

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Warner Music Boss Nears Royalty Deal with Spotify

Posted on 14 May 2017

Fresh off a pact to license music to YouTube, Warner Music boss Steve Cooper is turning his attention to music streamer Spotify — and a deal could be signed by June. Sources tell On the Money that Warner and Spotify are getting this close to a new royalty agreement. If inked, Daniel Ek’s Spotify would be on the way to its long-planned IPO — expected in the final quarter of 2017. ...

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Buffett blames ex-Wells Fargo execs for fake account scam

Posted on 07 May 2017

Warren Buffett on Saturday faulted Wells Fargo’s previous management for failing to take action immediately upon learning that its employees were signing up customers for accounts they did not want. Speaking at Berkshire’s annual meeting, where Buffett and Vice Chairman Charlie Munger are fielding five hours of questions from shareholders, journalists and analysts, Buffett said Wells ...