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Business Day

Tuesday, February 28, 2017

Amit Singhal, the head of Uber’s engineering efforts, did not disclose the circumstances of his departure from Google last year, according to a person familiar with the matter.

Amit Singhal in 2015, when he was overseeing Google’s search efforts. Google deemed a claim of sexual harassment against him “credible” in an internal investigation, according to two people familiar with the matter.
Jason Henry for The New York Times

Amit Singhal in 2015, when he was overseeing Google’s search efforts. Google deemed a claim of sexual harassment against him “credible” in an internal investigation, according to two people familiar with the matter.

Automakers Knew of Takata Airbag Hazard for Years, Suit Says

Plaintiffs in a class action say internal documents from at least four automakers show that they continued to use the flawed airbags to save on costs.

What It Was Like Onstage During the Oscars 2017 Best Picture Mistake

“I’m holding the envelope and the award, and I had just given my speech, and there are people on the stage with headsets, and I thought, ‘That doesn’t seem right.’”

Oscars Mistake Casts Unwanted Spotlight on PwC

The stunning gaffe instantly became the central theme of the awards ceremony. And just as quickly, PwC had a major brand crisis on its hands.

Business Giants to Announce Creation of a Computing System Based on Ethereum

An alliance of about 30 companies, including Microsoft and JPMorgan Chase, has plans to standardize data gathering and tracking with software that is seen as harder to hack.

Critics Assail Cuts in Foreign Spending as Trump Moves to Boost Military

The proposed Pentagon increase has been criticized in part because White House officials say President Trump will call for a cut to programs that military officials say contribute to global stability.

Plenty of Oscars Drama, but Disappointing Ratings

The Academy Awards drew 32.9 million viewers, the third straight year of declining viewership and the second-lowest total since Nielsen started tracking viewership in 1974.

The Brokerage Firm CLSA Shuts Part of Its U.S. Business

The cuts affect 90 people, more than half of them research analysts like Michael Mayo, known for his commentary on the big banks.

Former Antitrust Chief Joins Sullivan & Cromwell

Renata B. Hesse will be a partner in the Wall Street law firm’s Washington office.

Sotheby’s Sales Up in Fourth Quarter but Down for the Year

The auction house’s annual figures reflect a softening in the market that the company has been trying to counter by diversifying its business.

Insight & Analysis
DealBook Column

Buffett Asks Big Money: Why Pay High Fees?

A staunch defender of index funds, Warren Buffett used his annual shareholders’ letter to skewer money managers who charge more for inferior results.

Mediator

Assailing the White House From Hollywood’s Glass House

Who do our stars think they’re winning over with political oratory side-by-side with a bacchanalia of self-congratulation?

Mobile World Congress: Your Questions, Answered

We responded to readers’ questions about Facebook, smartphones, 5G and more.

SpaceX Plans to Send 2 Tourists Around Moon in 2018

If the mission proceeds as planned, the private space travelers would be the first humans to venture that far into space in more than 40 years.

In Trump-CNN Battle, 2 Presidents Who Love a Spectacle

Jeffrey A. Zucker, the president of CNN, who once had a close rapport with President Trump, is shrugging off the White House’s vitriol toward his network.

Itineraries

To Court Millennials, Hotels Are Rolling Out the Yoga Mat

Chains are increasingly offering fitness amenities, from group exercise classes to sneaker-lending programs, for a demographic craving “wellness.”

Fox News Distances Itself From Controversial Swedish Guest

Bill O’Reilly said his show should not have booked Nils Bildt, who faced criticism over a criminal record and lack of experience in Swedish affairs.

To Keep U.S. Jobs, Chip Makers Share a Factory and Pin Hopes on Trump

Computer chips are still made in the United States, but foreign competition is looming. The industry wants President Trump to help.

Coal Industry Casts Itself as a Clean Energy Player

Companies are joining with environmental groups to lobby for expanded subsidies to encourage technologies to reduce carbon emissions from coal plants.

In Global Expansion, Netflix Makes Friends With Carriers

The online streaming service is building relationships with cable and cellphone operators worldwide in its bid to expand internationally.

White Collar Watch

In Case of Shkreli and Lawyer, Finger-Pointing Comes First

The challenge for the two defendants in a conspiracy and securities fraud case will be to persuade a judge that separate trials are necessary.

Tech Tip

Searching for a New Travel Companion

The popular WorldMate service is retiring this year, but you can find similar apps and trip organizers to replace it.

Editors’ Picks
CHINA RULES

How China Built ‘iPhone City’

A hidden bounty of perks for Apple's partner, Foxconn, is central to the production of the tech giant's most profitable product.

Uncertain Harvest

Scientists Loved and Loathed by an Agrochemical Giant

With corporate funding of research, “there’s no scientist who comes out of this unscathed.”

Bottom Line Nation

When a Glass of Water Comes With a Bill From Wall Street

Desperate towns have turned to private equity for much-needed upgrades, but the deals can carry hefty price tags.

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Business Highlights
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To Court Millennials, Hotels Are Rolling Out the Yoga Mat
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