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Showing posts with the label Business I DealBooK I NYT.

Mark Bertolini of Aetna on Yoga, Meditation and Darth Vader: Business I DealBook I NYT. Corner office An early lesson from his father taught Mr. Bertolini the importance of hard work. A brush with death led him to Eastern philosophy. Sept. 21, 2018 Image "You get the shareholders you deserve," said Mark Bertolini, who has been the chief executive officer of Aetna since 2010. CreditCole Wilson for The New York Times Not long after joining Aetna, the health insurance giant, Mark Bertolini almost died. A skiing accident in 2004 left his body broken and his prospects dimmed. He was in his late 40s and considered early retirement. When conventional Western medicine didn’t help him recover, Mr. Bertolini turned to Craniosacral therapy, yoga and meditation. Soon he was back at work, and was made chief executive of the company in 2010. As C.E.O., Mr. Bertolini has distinguished himself with a series of unconventional decisions. He began offering yoga and meditation to employees; raised the

DealBook Briefing: Chinese Business U-Turns in America? Blame the Trade War: Business I DealBook I NYT Image Jack Ma CreditCreditAgence France-Presse — Getty Images Good Thursday morning. Britain’s mergers regulator outlined the rules for the auction of the broadcaster Sky, which is to begin on Friday. The winner should be announced this weekend. And check out this NYT special section on Russia’s attempts to subvert American democracy. (Was this email forwarded to you? Sign up here .) Jack Ma’s big broken jobs promise In January 2017, the Alibaba co-founder stood beside Donald Trump, then the president-elect, and pledged to help create one million U.S. jobs. Mr. Ma now says that’s impossible . Speaking to Xinhua, China’s state news agency, Mr. Ma said that his promise “was made on the premise of friendly U.S.-China partnership and rational trade relations.” With Washington and Beijing firmly locked in a trade dispute, those conditions don’t exist. Mr. Ma isn’t alone in making a U-turn over the trade fight. The Chinese consu

DealBook Briefing: Elon Musk Has Answers. We Still Have Questions I Business I DealBook I NYT Elon Musk CreditJoe Skipper/Reuters Yep, Elon Musk was winging it Almost a week after the Tesla C.E.O. tweeted that he might take the company private, with “funding secured,” he has shown his hand. In it: several past discussions with Saudi Arabia’s sovereign wealth fund, and a meeting this year that convinced him the Saudis would back a bid to delist Tesla. Except, according to the NYT, the Saudi fund never did anything to prepare for a deal like that. And Mr. Musk’s tweet blindsided many of the people who should have known about the plan — including Tesla’s board. So far, only one thing is becoming clear: Mr. Musk’s definition of “secured” differs from everyone else’s. Some of the questions that remain: ■ How would Mr. Musk handle a national security review of a Saudi deal? ■ What will the S.E.C. do about his tweet now? ■ Mr. Musk’s blog post declares that he was tweeting only on his own behalf , as a potential bidder

Banks and Retailers Are Tracking How You Type, Swipe and Tap I Business I DealBook I NYT A phone’s touchscreen sensors can track where and how you swipe your device to help determine who you are. CreditAndrew Roberts When you’re browsing a website and the mouse cursor disappears, it might be a computer glitch — or it might be a deliberate test to find out who you are. The way you press, scroll and type on a phone screen or keyboard can be as unique as your fingerprints or facial features. To fight fraud, a growing number of banks and merchants are tracking visitors’ physical movements as they use websites and apps. Some use the technology only to weed out automated attacks and suspicious transactions, but others are going significantly further, amassing tens of millions of profiles that can identify customers by how they touch, hold and tap their devices. The data collection is invisible to those being watched. Using sensors in your phone or code on websites, companies can gather thousands of data po

A Brief History of the Impact of E.U. Antitrust Fines on Tech Stocks I Business I DealBook I NYT. A Brief History of the Impact of E.U. Antitrust Fines on Tech Stocks Margrethe Vestager, the European Union’s commissioner for competition, at a news conference in Brussels after Google’s antitrust fine on Wednesday. CreditStephanie Lecocq/EPA, via Shutterstock ________________________________________________________________________________ The European Union on Wednesday continued its attempts to rein in Silicon Valley’s tech giants — but history suggests that investors have little to fret. The European Commission, the bloc’s executive arm, hit Google with a record $5.1 billion fine on Wednesday. Antitrust officials argued that the technology company had broken the law by striking deals with smartphone manufacturers that favored Google services, like its Chrome browser, over those offered by rivals. The commission claimed that the arrangement had shut out competition and helped Google remain dominant in the industry.

DealBook Briefing: The New Scotus Pick Could Be a Boon for Business I Business I DealBook I NYT DealBook Briefing: The New Scotus Pick Could Be a Boon for Business Brett Kavanaugh, left, with President Trump. Saul Loeb/Agence France-Presse — Getty Images Good Tuesday. Want this in your inbox every morning? Sign up here . Trump’s Supreme Court pick loves deregulation President Trump named Brett Kavanaugh yesterday as his pick for Anthony Kennedy’s Supreme Court seat, setting up an epic confirmation battle. What would Mr. Kavanaugh mean for business? Here’s how he ruled recently on some key issues: Climate change: Judge Kavanaugh favored reining in the Environmental Protection Agency’s efforts to cut carbon emissions, on the basis that Congress, not the courts, should set such rules. Financial oversight: He wrote a 2016 opinion, later overruled, declarin

Review: ‘The Billionaire Raj’ Offers Reasons for Optimism in India’s Gilded Age I Buisiness I DealBook I NYT Review: ‘The Billionaire Raj’ Offers Reasons for Optimism in India’s Gilded Age 6-8 minutes Book Entry “The Billionaire Raj” is full of revealing vignettes from various corners of India’s diverse society and economy. CreditPenguin Random House _______ For close to a century leading up to its independence in 1947, India operated under a system of British governance known as the Raj, taken from a Sanskrit word meaning “kingdom” or “rule.” Then, more or less until the introduction of economic liberalization in 1991, the country stagnated under a planned economy whose overwhelming regulatory demands were described as the License Raj. The title of the new book by James Crabtree, “The Billionaire Raj: A Journey Through India’s New Gilded Age,” suggests that India has now come under the grip of a new but no less troublesome regime. In a nation no longer at the mercy of imperial administrators and maharajahs or petty bureaucrats, “a new sys