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Edition: U.S. / Global

Business Day

Tuesday, March 28, 2017

An investment of $1.2 billion in three Michigan facilities, praised by President Trump, will add or preserve 130 jobs at an engine factory.

Bara Kristinsdottir for The New York Times

Equal Pay for Men and Women? Iceland Wants Employers to Prove It

Although the country has had equal pay laws for half a century, gaps still exist, and new legislation is intended to address the imbalances more forcefully.

Supreme Court Considers Why Patent Trolls Love Texas

With more than 40 percent of patent suits filed in a federal court in East Texas, justices are weighing whether to limit the places where defendants in such cases may be sued.

Facebook Mirrors Snapchat (Again) With Facebook Stories

The feature lets people share videos and photos in the Facebook app that will disappear after 24 hours, similar to the Stories feature on Instagram.

Didi Chuxing, China’s Ride-Hailing Giant, Holds Talks With SoftBank

Having bought out Uber in China, the company now wants SoftBank of Japan to join in a multibillion-dollar investment round, people familiar with the talks say.

Tencent of China Takes 5 Percent Stake in Tesla

The purchase came as the carmaker has sought to raise more cash before starting production of its Model 3, an electric vehicle targeting the mass market.

Tesco’s British Unit Is Set to Avoid Criminal Charges in Accounting Scandal

Pending court approval, the supermarket giant’s domestic arm would enter a deferred prosecution agreement and pay a $162 million penalty.

5 Reasons Trump’s Promised Tax Overhaul Won’t Be So Easy

The president’s failure to push through broad health care overhaul has raised questions about the prospects of a sweeping rewrite of the tax code.

In Rare Move, Chinese Think Tank Criticizes Tepid Pace of Reform

Efforts to overhaul the world’s No. 2 economy have “fallen into stalemate,” contends a report that chastises national policy makers and local officials.

Tax on Saudi Aramco Oil Profits Is Cut to Prepare for I.P.O.

Saudi Arabia is aiming to increase the company’s appeal to international investors as it gets ready to sell a 5 percent stake.

Bill Gross and Pimco Settle Suit Over His Ouster

A lawyer representing Mr. Gross, co-founder of Pimco, one of the biggest asset managers in the world, filed a request to dismiss his lawsuit.

What Can You Wear on a Plane? It Depends Who’s Paying

Lost in the fury directed at United Airlines over turning away two teenagers in leggings was the fact that most passes for airlines’ employees come with a dress code.

Samsung May Bring Back Its Fire-Plagued Galaxy Note 7

The South Korean giant is considering offering refurbished models of its canceled smartphone, a move that has raised eyebrows in the technology world.

Tronc Feud Escalates as Billionaire Investor Demands Access to Records

Dr. Patrick Soon-Shiong accused the newspaper publisher of “poor corporate governance” in a letter to the company’s board.

Trump Appoints One of His Lawyers to Review Mergers

President Trump named Makan Delrahim, a White House legal counsel, to lead the Justice Department’s review of mergers and acquisitions.

Some Amazon Deal Proceeds Will Be Reinvested in Souq.com: CEO

At least some of the proceeds from the sale of Souq.com to Amazon.com will be invested back in the business, the co-founder of the Middle East online retailer said on Tuesday.

Ralph Toledano Resigns From Puig in Fashion World Upheaval

The departure of the chief executive of Nina Ricci and Jean Paul Gaultier is the latest in an unprecedented stream of changes in the fashion industry.

Insight & Analysis
Economic Scene

‘Carnage’ Indeed, but Trump’s Policies Would Make It Worse

Cutting benefits and training won’t help working-class voters hit by disruptions in trade or address its toll on families, job prospects and longevity.

The Upshot

Evidence That Robots Are Winning the Race for American Jobs

Researchers are surprised to see very little employment increase in other occupations to offset the job losses in manufacturing.

After Trump Comes to Talk, Border Agents Find Their Political Voice

With President Trump’s focus on the border, the union’s weekly podcast has become an influential, unfiltered and entirely one-sided megaphone.

Daily Mail Compares 2 U.K. Leaders — Their Legs, Not Their Ideas

A front page with Theresa May, Britain’s prime minister, and Nicola Sturgeon, the first minister of Scotland, elicited immediate outrage.

A Glimpse Inside Nobu Downtown

After 23 Years in TriBeCa, the innovative Japanese restaurant chain will move its nerve center next week to a grand space in the financial district.

DealBook Column

Trump’s Take on Corporate Tax Rate Could Look Very Much Like Obama’s

The rate may need to be 28 percent so the president’s plan is tax neutral. When Barack Obama proposed that figure, repeatedly, Republicans called it too high.

Itineraries

For Some Fliers, Electronics Ban Makes for a Bumpy Ride

While Persian Gulf carriers scramble to accommodate their most lucrative customers, business travelers worry about losing work time.

A Dream of Clean Energy at a Very High Price

If a fusion experiment in France succeeds, it could shape the power plants of the future and contribute greatly to reducing planet-warming emissions.

Square Feet

To Address Affordable Housing Shortage, Restoring 19th-Century Homes

In Apalachicola, Fla., residents are divided over how to solve a lack of affordable housing. Some advocate converting early examples of African-American architecture.

More Than Obamacare Repeal, Small Businesses Want Congress to Rein In Costs

Small-business owners have been among the Affordable Care Act’s most vocal opponents, but demolishing it without putting new guardrails in place is not, for most, the ideal outcome.

Icahn Raises Ethics Flags With Dual Roles as Investor and Trump Adviser

The billionaire is advising on regulations, including pressing for a change in an E.P.A. rule that has cost an oil refinery he’s invested in millions of dollars.

Investor Carl Icahn Dragged Into Gambler’s Insider Trading Trial

Mr. Icahn has not been charged with any wrongdoing. But prosecutors suggested the defendant, William Walters, might have made profitable trades based on tips from him.

Software Engineer Starts Unlikely Business: A Weekly Newspaper

An inexperienced, independent newcomer in Montclair, N.J., is competing with a community staple purchased last year by a major media company.

White Collar Watch

What the Future of S.E.C. Enforcement Holds Under Jay Clayton

The crucial first step for the agency’s next chairman will be the appointment of a new director of the enforcement division.

Lacking E.M.T.s, an Aging Maine Turns to Immigrants

An unusual program in the state is training immigrants, some who were doctors in their home countries, to be emergency medical technicians.

‘Fearless Girl’ Statue to Stay in Financial District (for Now)

Mayor Bill de Blasio said the bronze figure, which stares down the well-known “Charging Bull” statue, “is inspiring everyone at a moment we need inspiration.”

Editors’ Picks

Ackman's Surefire Bet Becomes a $4 Billion Loss

One of Wall Street's most self-assured hedge fund managers was on his way to being a legend — until a big wager went very wrong.

The Fed Acts. Workers in Mexico and Merchants in Malaysia Suffer.

Rising rates in the U.S. drives money out of many developing countries and pinching consumers.

How Uber Deceives the Authorities Worldwide

A program uses data Uber collected to evade law enforcement in cities that resist the ride-hailing service, some current and former Uber employees said.

  • All Sources
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From Opinion
Op-Ed Contributor

Why Steven Mnuchin Wants a Stronger I.R.S.

Every dollar spent on the tax agency yields as much as $10 for the government, a deal President Trump should like.