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The New York Times

Tuesday, January 16, 2018
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BP to Take $1.7 Billion Charge Over Deepwater Horizon Spill 16 Jan 11:56pm Updated BP to Take $1.7 Billion Charge Over Deepwater Horizon Spill
The oil giant said that it anticipated cash payments related to the 2010 disaster would be about $3 billion in 2018, up from an earlier estimate.
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Currencies in USD
GBP 1,33 -0,525%
EUR 1,17 -0,428%
CHF 1,01 -0,298%
Citing ‘Inexcusable’ Treatment, Advisers Quit National Parks Panel 16 Jan 11:12pm Citing ‘Inexcusable’ Treatment, Advisers Quit National Parks Panel
The majority of members of the National Parks System Advisory Board have jointly resigned in protest of Trump administration policies.
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The Awl and The Hairpin, Eccentric Showcases for Writers, Are Shutting Down 16 Jan 10:27pm The Awl and The Hairpin, Eccentric Showcases for Writers, Are Shutting Down
The Awl’s publisher said “a steady decline in direct sales” was to blame. For years, the websites featured intelligent writing on eclectic subjects.
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At Retail Trade Show, Technology Is the Star 16 Jan 8:42pm Updated At Retail Trade Show, Technology Is the Star
The National Retail Federation expo resembles the electronics trade show CES, fixating on artificial intelligence, big data and automation.
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Breakingviews: Why Breaking Up General Electric May Be Hard to Do 16 Jan 7:53pm Breakingviews: Why Breaking Up General Electric May Be Hard to Do
A fresh $6.2 billion post-tax charge provides another reason for the conglomerate to consider a breakup. But the value of G.E.’s businesses may make it hard to do.
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Oil Price Briefly Reaches $70 as Buoyant Global Economy Bolsters Demand 16 Jan 7:53pm Updated Oil Price Briefly Reaches $70 as Buoyant Global Economy Bolsters Demand
Tensions in Iran, record-breaking cold weather in the United States and a year of production cuts have contributed to higher prices, and they could go higher still.
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G.M. Chief Cautions Trump Administration on Upending Nafta 16 Jan 7:45pm Updated G.M. Chief Cautions Trump Administration on Upending Nafta
Mary Barra said that the United States should not scrap the trade pact and that any changes should account for the interests of American automakers and workers.
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Square Feet: A Push to Make Washington’s Downtown More Livable 16 Jan 7:29pm Updated Square Feet: A Push to Make Washington’s Downtown More Livable
To encourage conversions of old office buildings into condos, the district council is considering a bill that would enable a “Manhattanizing of the District of Columbia.”
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Poll Finds Upturn in Sentiment on Tax Overhaul and Economy 16 Jan 7:22pm Poll Finds Upturn in Sentiment on Tax Overhaul and Economy
The finding could be good news for Republicans looking to the midterm elections, but less comfort for President Trump, who was given little credit.
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Huge Oil Spill Spreads in East China Sea, Stirring Environmental Fears 16 Jan 7:17pm Updated Huge Oil Spill Spreads in East China Sea, Stirring Environmental Fears
The disaster could be the worst oil spill in decades, and Greenpeace calls it a threat to “an important spawning ground” for fish and several whale species.
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At G.E., $6.2 Billion Charge for Finance Unit Hurts C.E.O.’s Turnaround Push 16 Jan 6:51pm Updated At G.E., $6.2 Billion Charge for Finance Unit Hurts C.E.O.’s Turnaround Push
The charge, which was primarily tied to long-term care insurance reinsured as part of the GE Capital unit’s portfolio, was a blow to John Flannery’s turnaround campaign.
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Flurry of Lawsuits Fight Repeal of Net Neutrality 16 Jan 6:51pm Flurry of Lawsuits Fight Repeal of Net Neutrality
The filings kick off what is expected to be an extended legal and political debate about the future of internet policy.
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Banks Are Big Winners From Tax Cut 16 Jan 6:32pm Updated Banks Are Big Winners From Tax Cut
Financial firms are benefiting from the $1.5 trillion tax cut and make up the majority of companies so far handing out raises and bonuses as a result of the law.
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22 Attorneys General Sue to Block Net Neutrality Repeal 16 Jan 5:43pm 22 Attorneys General Sue to Block Net Neutrality Repeal
Led by Eric Schneiderman of New York, the attorneys general said the rollback of so-called net neutrality rules were “arbitrary and capricious.”
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16 Jan 5:09pm Dow Industrials Recede From 26,000 as Early Gains Fade
Losses by industrial and technology companies helped pull U.S. stocks lower Tuesday, pulling the market back from its latest record highs.
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Breakingviews: Citigroup Steers Into Recovery, With Others’ Hands on the Wheel 16 Jan 4:35pm Breakingviews: Citigroup Steers Into Recovery, With Others’ Hands on the Wheel
The snag with Citigroup’s decade-long climb back from the financial brink is that it’s largely driven by forces it doesn’t control. But that’s not always a bad thing.
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Ditching Spike in Favor of Kevin Costner and Some Mean Teens 16 Jan 4:15pm Ditching Spike in Favor of Kevin Costner and Some Mean Teens
Paramount Network replaces the former home of “Baywatch” reruns with shows that have cinematic roots, like “Heathers” and “Yellowstone.”
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Economic Scene: Making Medicaid a Tool for Moral Education May Let Some Die 16 Jan 3:21pm Updated Economic Scene: Making Medicaid a Tool for Moral Education May Let Some Die
There is a precedent for letting states impose work requirements on the poor for medical coverage. It bodes ill for public health.
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16 Jan 3:09pm Early Gains Fade as US Stocks Veer Lower in Afternoon Trade
Losses by industrial and energy companies helped pull U.S. stocks lower in afternoon trading Tuesday. The slide erased some of the gains from a broad rally earlier in the day that sent the Dow Jones industrial average past the 26,000-point threshold for the first time. Health care stocks were among the gainers as investors sized up the latest company earnings and deal news.
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G.E. Considers a Breakup: DealBook Briefing 16 Jan 3:06pm G.E. Considers a Breakup: DealBook Briefing
The conglomerate’s C.E.O., John Flannery, floated the idea that had once been inconceivable: splitting up the American industrial titan.
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White Collar Watch: RICO Lawsuits Are Tempting, but Tread Lightly 16 Jan 2:37pm White Collar Watch: RICO Lawsuits Are Tempting, but Tread Lightly
A case against Harvey Weinstein shows how broadly the racketeering law can be applied, but the recent rejection of a separate suit illustrates some of its limitations.
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DealBook Briefing: BlackRock’s Larry Fink Goes Social Activist 16 Jan 12:30pm Updated DealBook Briefing: BlackRock’s Larry Fink Goes Social Activist
The head of the investment giant wants corporate America to focus on social good as well as profits, and has $6 trillion worth of negotiating leverage.
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G.E. to Take $6.2 Billion Charge Tied to Finance Unit’s Insurance Reserves 16 Jan 12:00pm Updated G.E. to Take $6.2 Billion Charge Tied to Finance Unit’s Insurance Reserves
The charge is primarily related to long-term care insurance reinsured as part of the GE Capital unit’s legacy insurance portfolio.
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16 Jan 11:42am Dow Jones Industrial Average Crosses 26,000 Points
U.S. stocks climbed in morning trading Tuesday, sending the Dow Jones industrial average past the 26,000-point mark for the first time. Technology, health care and financial stocks accounted for much of the market's gains. Energy companies were the biggest laggard. Investors were sizing up the latest company earnings and deal news after returning from a long holiday weekend.
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The Delicate Dance of a Progressive C.E.O. in the Trump Era 16 Jan 10:35am Updated The Delicate Dance of a Progressive C.E.O. in the Trump Era
J. Clifford Hudson is a Democrat who values diversity at his company, Sonic Drive-In. But he knows that some of his franchise owners and their customers may not share his views.
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Oil Briefly Reaches $70 as Buoyant Global Economy Bolsters Demand 16 Jan 10:25am Updated Oil Briefly Reaches $70 as Buoyant Global Economy Bolsters Demand
Tensions in Iran, record-breaking cold weather in the United States and a year of production cuts have contributed to higher prices, and they could go higher still.
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Citigroup Takes a $22 Billion Tax Hit, but Sees Higher Profits Ahead 16 Jan 9:47am Citigroup Takes a $22 Billion Tax Hit, but Sees Higher Profits Ahead
Citigroup reported a one-time charge of $22 billion on Tuesday to adjust for the new tax law, but said it expected earnings to rise in the future.
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DealBook: BlackRock’s Message: Contribute to Society, or Risk Losing Our Support 16 Jan 7:54am Updated DealBook: BlackRock’s Message: Contribute to Society, or Risk Losing Our Support
Laurence Fink, the chief executive of BlackRock, the $6 trillion investment firm, plans to tell C.E.O.s in a letter that businesses must serve a social purpose.
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