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Business Day

Friday, October 21, 2016

The London-based tobacco giant said that it had offered to pay $47 billion in cash and shares for the 57.8 percent of Reynolds American it does not already own.

Andrew Mangum for The New York Times

Online Lenders Seek to Shape Industry Before Regulators Do

The companies, which offer fast access to loans for consumers and small businesses, want to show that they can police themselves.

No, It’s Not Just You. The Internet Was Having Problems.

Users of Twitter, Netflix and other sites reported outages on Friday morning, and a major host said it was under attack.

Retiring

Migrant Workers in Recreational Vehicles

Work camping combines elements of the gig economy, telecommuting and contingent labor, and attracts older adults seeking more money and more meaning from life.

Hedge Funds Hurt as Investors Remove $28 Billion in 3 Months

Under pressure, hedge funds are cutting better deals for those who stick around, a stark change in an industry known for minting billionaires overnight.

Fight Between Goldman Sachs and Libyan Fund Shadows Lawyer

For Catherine McDougall, the case showed the lengths that Western firms will go to keep a potentially lucrative client happy and the damage left behind.

‘Brexit,’ Migration, Trade: E.U.’s List of Crises Keeps Growing

Domestic politics are again undercutting the bloc’s sense of common purpose, with a trade deal imperiled by Belgium’s small French-speaking Wallonia region.

I.M.F. Assessment Hints at Internal Struggles

A recent bout of infighting raises fresh questions about the institution’s culture and its promise to become more transparent.

‘Lions Hunting Zebras’: Ex-Wells Fargo Bankers Describe Abuses

In legal filings and statements, former employees of the bank said immigrants, older adults, college students and Native Americans were targeted for fake accounts.

Nintendo Switch Console Is Met With Skepticism From Investors

The game giant’s shares plummeted after it unveiled the all-in-one hardware, which can be played at home or on the go.

Microsoft Shares Hit a High With Promise of the Cloud’s Profit Margins

Microsoft said its gross profit margin from its commercial cloud business was 49 percent — lower than its traditional software business, but still attractive.

Sequoia Capital Hires First Female Investment Partner in U.S.

Jess Lee, 33, an entrepreneur and the former chief executive of Polyvore, a fashion start-up, will join Sequoia in November.

In a Promise to Lift a Curse, a Scheme to Steal Chinese Immigrants’ Savings

On Thursday, the Brooklyn district attorney’s office charged a woman in a so-called “blessing scam,” a scheme targeting Chinese immigrants.

Insight & Analysis
Common Sense

How Much Graduates Earn Drives More College Rankings

The purpose of education is to stretch and elevate young minds, right? Now some rankings are including future earnings in their calculations.

Fair Game

A Whistle Was Blown on ITT; 17 Years Later, It Collapsed

In the interim, the for-profit education company made billions off federal student aid, while students amassed mountains of debt and few job prospects.

Your Money

How Taking a Gap Year Can Shape Your Life

Looking back, adults who took time off before or during college say they have no regrets.

After Lean Years, Big Oil May Emerge Stronger Than Ever

The biggest oil producers are proving surprisingly adept at pumping profits, and oil, out of the ground.

Wealth Matters

Red-Flag Time: Your Broker Offers a Can’t-Miss Sales Contest

When brokers try to sell a product like a securities-backed loan, they aren’t being charitable. They are trying to make money.

Your Money Adviser

How to Dig Out of Federal Student Loan Default

Rehabilitation, the main option for getting back on track, can return borrowers to delinquency because of “needless red tape,” a new report finds.

Corner Office

Deborah Lee James: Learn to See the Plan A in Your Plan B

Ms. James, secretary of the Air Force, says being turned down for a dream job after college opened new doors and led to a career in the military industry.

Why it’s fine to job-hop for a few years after college

Changing jobs often is no longer a red flag, experts say — as long as you can convince potential employers that each move was wise.

The Upshot

I Paid $2,500 for a ‘Hamilton’ Ticket. I’m Happy About It.

High prices are a natural reflection of great demand and scant supply. In a free market, they are inevitable until demand subsides or supply expands.

Chinese TV Serves Up Lavish Living, With a Side of Shame

A documentary series about corruption has been shown on state TV this week to underline that President Xi Jinping is serious about wiping out graft.

Tech Tip

Want to make your own app? There are free classes for that

If you have an idea for a mobile app, or you just want to become more familiar with how software works, you can get a free education online.

Automobiles
Wheels

A Father, a Son and the Porsche They Went In On Together

How a shared affinity for horsepower led to test runs on the racetrack, a joint lease and shared custody of a 2016 Cayman S.

Buy a New Ride and Take a Spin With a Pro

Ford and Mercedes are among the automakers who offer United States buyers a chance to drive on a course and receive free professional instruction.

Driven

Video Review: Hyundai Santa Fe’s Updates Deserve a Look

For 2017, the S.U.V. gets new wheels and fresh fascias front and rear. The interior’s center stack and many under-hood components are new, too.

Opinions & Views
Op-Ed Contributor

‘Too Bad You’re Latin’

A movie producer’s words sum up America’s view of its largest ethnic minority.

News Analysis

Men Need Help. Is Hillary Clinton the Answer?

We need “pink collar jobs” for everyone.

From The Magazine
Talk

Abbi Jacobson Didn’t Expect Hillary Clinton to Come on Her Show

The actress on working with her best friend, imagining what famous people carry in their bags and why she wouldn’t have wanted any other presidential candidate on “Broad City.”

Editors’ Picks

What Fuels the Backlash on Trade

Trade is under attack in much of the world, because economists failed to anticipate the accompanying joblessness, and governments failed to help.

How to Pick the Best Credit Card, Based on Rewards

More than a third of Americans haven’t changed their credit card in a decade. Now may be a good time to consider the options.

How to Protect Yourself After the Yahoo Attack

Even if you might not have used a Yahoo account for years, the incident could have far-reaching consequences for users beyond Yahoo’s services.

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Latest News

11:36 AM ET
N.Y. Fed Lowers U.S. Third and Fourth Quarter GDP Outlook
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U.S. Videogame Voice Artists Go on Strike
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Russia Links BBC to Row Over Russian TV Channel's UK Accounts
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Canada Government Repeats Pledge to Give Aid to Bombardier
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Want to make your own app? There are free classes for that
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AT&T; in Advanced Talks to Buy Time Warner: WSJ
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Banks to Get Some Stability After New Loan-Loss Rules Come Into Force
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Exclusive: Dick's Wins Auction for U.S. Business of Bankrupt Golfsmith-Source
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Daily Report: Microsoft, Ahead in the Cloud
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Audi to Buy Back 25,000 Diesel Q7 Models in U.S.: Der Spiegel
10:48 AM ET
Exclusive: Altice USA Draws Up Plans for IPO-Sources
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U.S., UK Growth Data to Give Steer on Monetary Policy
10:39 AM ET
Wal-Mart Invests $50M in China's Online Grocery Business
10:37 AM ET
Grain Higher, Livestock Higher
10:36 AM ET
Tesla May Enter Ride Ride-Hailing Business Next Year
10:33 AM ET
Credit Suisse Reaches 109.5 Million Euro Settlement in Italy
10:31 AM ET
A Whistle Was Blown on ITT; 17 Years Later, It Collapsed
10:07 AM ET
Wall St. Is Mixed on Energy Stocks’ Decline
10:06 AM ET
Euro Zone Consumer Sentiment Inches Up in October
10:00 AM ET
Central Banks to Hear Initial Verdict on Sterling's October 7 Crash in November-Sources
9:30 AM ET
No, It’s Not Just You. The Internet Was Having Problems.
7:00 AM ET
Deborah Lee James: Learn to See the Plan A in Your Plan B

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Fair Game

Wells Fargo Needs to Make a Clean Break With the Past

Critics say Timothy J. Sloan, the new chief executive, is not the person the bank needs to overhaul its system after the fraudulent accounts scandal.

The Upshot

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Mutual Funds & E.T.F.s

A section on how funds performed in the third quarter of the year — and on where they may be heading.