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New York Times
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NYT > Business Day
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Business
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Chesapeake Energy Hires Anadarko Executive as Chief
Chesapeake said it hired Robert Douglas Lawle, a senior vice president at Anadarko Petroleum, to fill the post vacated by Chesapeake’s co-founder, Aubrey McClendon.
 
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DealBook: Actavis to Buy Warner Chilcott in All-Stock Deal
Actavis, a maker of generic drugs, agreed to buy the specialty pharmaceutical company Warner Chilcott for about $5 billion in stock after talks to sell itself to Valeant fell apart last month.
 
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DealBook: Cohen Gets Subpoena in SAC Capital Trading Inquiry
Steven A. Cohen, rather than be subject to broad questions from prosecutors, is expected to assert his constitutional right against self-incrimination.
 
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DealBook: JPMorgan Vote Tests Stockholders’ Power
If shareholders separate the jobs of chairman and chief executive — positions that Jamie Dimon has held since 2008 — it would signal a shift in the balance of power in corporate America.
 
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You're the Boss Blog: This Week in Small Business: Gordon Ramsay Calling!
The social media lessons from the latest Gordon Ramsay’ nightmare. Small-business confidence ticks up. The deficit problem is solved (for now). How to use a six-second video. Would you buy a point-of-sale system from Groupon?
 
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Today's Economist: Nancy Folbre: Redeeming Bangladesh
The Bangladeshi factory collapse should provoke more accountability on worker safety from companies, governments and the public.
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Head of The A.P. Criticizes Seizure of Phone Records
Gary Pruitt said the Obama administration’s handling of a leak investigation had already diminished journalists’ capacity to report on the government.
 
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Chinese Hackers Resume Attacks on U.S. Targets
A cyberunit of the People’s Liberation Army in China appears to have resumed its attacks using different techniques, hitting several of the same victims it has gone after in the past.
 
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Disney, NBCUniversal and Paramount Plan Bold Studio Expansions
Given the more generous subsidies offered in other states and countries, major studios including NBCUniversal, Paramount and Disney all have large-scale, long-term expansion plans.
 
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Yahoo to Buy Tumblr for $1.1 Billion
Yahoo’s move aims to make up for years of missing out on the growth of social networks and mobile devices.
 
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Advertising: A Season of Families, Vampires and Aliens
After a lackluster 2012-13 season, network television is relying on family related comedies and the supernatural to attract viewers.
 
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Tech Industry Pushes to Amend Immigration Bill
Executives from Silicon Valley say that the Senate immigration bill imposes too much regulatory control over a company’s hiring of temporary foreign worker or laying off an American worker.
 
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The Media Equation: Telecom’s Big Players Hold Back the Future
A law school professor is on a permanent campaign to argue that the telecom and cable industry has been overtaken by monopolists who resist innovation and overcharge consumers.
 
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Media Decoder: Charlie Rose to Host a Prime Time Show on PBS
Mr. Rose will host a half-hour program called “Charlie Rose Weekend,” which will replace “Need to Know” on Friday evenings.
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H&M Led Labor Breakthrough by European Retailers
The Swedish retail giant H&M faced public pressure to accelerate its efforts to improve garment-factory conditions, though it had no ties to a disaster in Bangladesh.
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Media Decoder: Movie About a Severed Leg Seeks Backers via Crowdsourcing
Ed Cunningham, an ESPN sports analyst and documentary producer, is using Kickstarter to raise funds for a film about a man whose severed leg was the subject of a legal custody battle.
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Economix Blog: Bernanke Says Better Days Lie Ahead
In an address to graduates at Bard College at Simon’s Rock, the Fed chairman says nothing about his day job, but he sketches a world in which competition to produce innovations yields ever-greater rewards.
 
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Disruptions: Disruptions: Robots as Home Health Care Aides for the Elderly
With a growing population of Americans over the age of 65, but a lack of trained home health care workers, more and more people could opt to hire robots to do the job.
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BlackRock, a Shareholding Giant, Is Quietly Stirring
BlackRock, the world’s largest asset manager, is far from being an activist investor, but it is starting to ask more questions about companies in which it has stakes.
 
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Concern for Scottish Banks in Independence Effort
A document due Monday is the latest study by the British government meant to sway opinion in Scotland ahead of a planned referendum next year on independence.
 
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At Sony, Investor’s Challenge Brings Unwanted Suspense
Awash in hits, but not in profits, a proud Hollywood studio has suddenly found itself in the cross hairs of an activist investor who wants to spin it off from Sony.
 
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Economic View: For Stock-Picking Advice, Don’t Ask an Economist
Economists have studied the stock market extensively, but that does not necessarily make them good stock pickers.
 
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Letters: When Medical Bills Weigh on Job Applicants
A reader responds to “The Long Shadow of Bad Credit” (May 12).
 
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Letters: The Right Corporate Directors
A reader responds to “Directors Disappoint by What They Don’t Do” (Fair Game, May 12).
 
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Letters: What’s ‘Pro-Business’?
A reader responds to “Friend of the Corporation” (May 5).
 
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