Chesapeake Energy and Southwestern Energy, two of the largest natural-gas producers in the United States, announced plans to merge on Thursday, in an all-stock deal worth $7.4 billion. The new company would become one of the largest energy producers in the United States, with a significant presence in Louisiana and Texas. Combined, the two companies…
Officials investigating why a panel on a Boeing 737 Max 9 blew open during an Alaska Airlines flight last week say they are struggling to piece together exactly what happened because the plane’s cockpit voice recorder overwrote itself before it could be retrieved. This is not a new problem. The National Transportation Safety Board, which…
Two Democratic lawmakers on Tuesday expressed concerns about ex-Wall Street financiers overseeing the Commerce Department’s distribution of $39 billion in grants to the semiconductor industry, saying the staffing raised questions about the creation and abuse of a revolving door between government and industry. In a letter to the Commerce Department, Senator Elizabeth Warren of Massachusetts…
Federal regulators on Tuesday said Boeing was revising its instructions for how airlines should inspect its 737 Max 9, delaying the manufacturer’s effort to get the jet back in the air after a panel in one of the planes blew out during a flight late last week. The Federal Aviation Administration said the company would…
An emergency landing on Friday of an Alaska Airlines Boeing 737 Max 9 jet in Portland, Ore., led the company to ground dozens of similar models of the plane in its fleet. But it also raised troubling new questions about the safety of a workhorse aircraft design dogged by years of problems and multiple deadly…
The former Times columnist Russell Baker, in The New York Review of Books, wrote: “Among the Lelyvelds, confusion, misunderstanding, and too much silence at all levels were the makings of an obviously unhappy family, whose members, if asked, Lelyveld says, would have called themselves a happy family. His book is more like life than memoir.”…
Jobs report: the numbers to watch Wall Street, the White House and the Fed will all be watching Friday’s jobs report for signs of how the labor market is holding up. The numbers may also deliver clues on the central bank’s next move on interest rates. The Bureau of Labor Statistics is set to release…
The company, which debuted last year with big plans to disrupt journalism, generated only $3 million in revenue by the end of December.
The Biden administration on Thursday announced plans to provide $162 million in federal grants to Microchip Technology, an Arizona-based semiconductor company that supplies the automotive, defense and other industries. The agreement is the second award announced under a new program intended to help ensure that American companies that rely on semiconductors have a stable supply.…
Xerox said on Wednesday that it was cutting 15 percent of its work force as part of a restructuring, the company’s latest effort to shift focus to its business-services offerings and away from its iconic photocopiers. In a news release, the company said it would reduce its global staff, which included roughly 23,000 employees in…
Prices climbed rapidly in 2021 and 2022, straining American household budgets and chipping away at President Biden’s approval rating. But inflation cooled in late 2023, a spurt of progress that happened more quickly than economists had expected and that stoked hopes of a gentle economic landing. Now, the question is whether the good news can…
Behind the Numbers Data from September 2021 through April 2023 showed 48,404 advance provision requests and 147,112 requests from women seeking to terminate existing pregnancies. (Women in both categories completed telehealth consultations and Aid Access evaluated their medical information before prescribing pills.) Advance provision requesters were more likely than those already pregnant to be 30…
In the countryside of Cambridgeshire, a British semiconductor start-up was ready to expand beyond its lab and open a manufacturing base. But the company’s ambitions came with unexpected costs to bring enough electricity to the new site. The potential bill? One million pounds. The company, Paragraf, makes chips using graphene, an ultrathin carbon. Its devices…
Since 2020, when Congress ordered up simplification of the federal financial aid system, the U.S. Department of Education has faced the complex task of actually making the changes to the ever-important formula for determining who gets what. Grants and loans hinge on the inputs and outputs of the dreaded FAFSA form, which is normally available…
For deal makers, 2024 is a year to look forward to, if only because 2023 wasn’t necessarily one to celebrate. Despite some notable transactions, the year presented challenges to the bankers and lawyers who advise corporate clients on big takeovers and initial public offerings. Global M.&A. fell to a 10-year low. About 53,529 deals worth…
After almost 10 years of marriage, Christine Dowdall wanted out. Her husband was no longer the charming man she had fallen in love with. He had become narcissistic, abusive and unfaithful, she said. After one of their fights turned violent in September 2022, Ms. Dowdall, a real estate agent, fled their home in Covington, La.,…
It has been a confusing year for the economy and markets. At the start of 2023, economists largely predicted a global recession, and Wall Street was bearish on stocks, with many analysts expecting the S&P 500 to finish the year just a touch higher than where it started. Fast-forward 12 months: No recession (yet) and…
Neri Diaz thought he was ready for a crucial juncture in California’s ambitious plans, closely watched in other states and around the world, to phase out diesel-powered trucks. His company, Harbor Pride Logistics, acquired 14 electric trucks this year to work alongside 32 diesel vehicles, in anticipation of a rule that says diesel rigs can…
Before creating a step stool or ladder, savers should also consider whether they have the time to manage certificates at different banks with different maturities, Ms. Costa said. Unless you are moving a large sum of cash, she said, the effort may not be worth the extra yield. For many people, Ms. Costa said, choosing…
Last spring, when Karim Lakhani began testing how ChatGPT affected the work of elite business consultants, he thought they’d be delighted by the tool. In a preliminary study of two dozen workers, the language bot had helped them finish two hours’ worth of tasks in 20 minutes. “I assumed they, like me, would think, ‘Great!…
Millions of articles from The New York Times were used to train chatbots that now compete with it, the lawsuit said.
Twelve months ago, Tom Lee bet that 2023 was going to turn out just fine. While many of his peers on Wall Street were sounding the alarm over an impending economic downturn, Mr. Lee, a stock market strategist who spent more than a decade running J.P. Morgan’s equity research before setting up his own firm,…
The collapse of Silicon Valley Bank, the conviction of Sam Bankman-Fried, the reassertion of union power and the turmoil at OpenAI were just some of the big business stories in a year that was full of them. DealBook has chosen photographs of some of the biggest newsmakers, stories and trends from 2023. The world races…
Killinger is from Grosse Pointe, Mich., a Detroit suburb, but spent a chunk of her childhood in Mexico City, where her father, who worked for Ford Motors, moved the family when she was 11. She was bullied there for looking different and bullied again back in America when she pulled up to Grosse Pointe South…
On Tuesday, the day before Harvard acknowledged more problems with its president’s scholarly work, two members of its governing body sat in a private dining room at Bar Enza, a popular Cambridge restaurant, and faced a grilling. It was an exceedingly rare opportunity for a small group of prominent academics to speak directly to members…
Kree Flowers had recently gotten married and decided to log into her account on the Social Security Administration’s website in February to check on the status of her retirement benefits. She was shocked to see a big red number at the top of the page. According to the agency, she had been overpaid by $17,121.21.…
Wall Street strategists are issuing forecasts for the performance of the stock market in 2024. Pay them no mind. The predictions are usually wrong, and when they’re right it’s only by accident. Consider their prophecies for 2023. At the end of 2022, strategists predicted that the S&P 500 would end 2023 at 4,078, a gain…
Under pressure from critics who say Substack is profiting from newsletters that promote hate speech and racism, the company’s founders said Thursday that they would not ban Nazi symbols and extremist rhetoric from the platform. “I just want to make it clear that we don’t like Nazis either — we wish no one held those…
The Biden administration is preparing to relax restrictions on some weapons sales to Saudi Arabia, U.S. officials said on Thursday, crediting the kingdom’s peace talks with a militia in Yemen for hastening an easing of the constraints. President Biden imposed the ban two years ago amid concerns that U.S. weapons were being used against civilians…
The wrinkles in a potential media merger Media deal makers aren’t waiting until 2024 to get started on potential big-ticket M.&A. News that David Zaslav, the C.E.O. of Warner Bros. Discovery, expressed interest in combining with Paramount set tongues wagging about a possible union of Hollywood’s top deal candidates. But it’s unclear whether this will…
Later in 2020, Ms. Lavelle also complained to the board, describing how she had been traumatized by her daughter’s tongue-tie release. The lactation board, which reports its disciplinary decisions, has not taken action against Ms. Henstrom. A spokeswoman for the board, Susan Brayshaw, declined to comment on the complaints, citing a policy of confidentiality. “Some…
Ozempic Mania Weight loss drugs made their way to the online set this year, with some influencers casting stigma aside and unabashedly proclaiming their Ozempic use. Djerf Dupe Drama Matilda Djerf, a popular Swedish influencer and a founder of the fashion brand Djerf Avenue, irked fans when her team started reporting TikTok videos that mentioned…
The wave of attacks against merchant ships in the Red Sea is forcing companies to send ships on longer routes and threatens to hurt an already wobbly global economy. The Houthis, an armed group backed by Iran that controls much of northern Yemen, have been using drones and missiles to target ships since Hamas attacked…
The new shipping crisis that threatens world trade Iranian-backed Houthi rebels in Yemen have continued to attack ships in the Suez Canal and the Red Sea, prompting shipping and energy giants to pause or reroute cargo and tanker ships. The disruption has pushed up prices for oil, natural gas and shipping. The U.S. and others…
American shoppers, burned by more than two years of rapid inflation, are getting some welcome relief this holiday season: Prices on many products are falling. Toys are almost 3 percent cheaper this Christmas than last, government data shows. Sports equipment is down nearly 2 percent. Bigger-ticket items are also showing price declines: Washing machines cost…
The move came two days after a court upheld the Federal Trade Commission’s challenge to the deal on antitrust grounds.