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Business Day

Wednesday, May 4, 2016

Xfund, which manages more than $100 million and has funded start-ups, is in salvage mode.

Hugo Van Vuuren of Xfund, second from left, visiting Harvard in 2013.
Katherine Taylor

Hugo Van Vuuren of Xfund, second from left, visiting Harvard in 2013.

Takata Airbag Defect Is Traced to Moisture and Temperature

Based on the findings of three investigations, American regulators will order replacements in 35 million to 40 million vehicles.

NBC Relocates ‘Nightly News’ to Trump Tower, for a Night

After Donald J. Trump became the presumptive Republican nominee for president, moves its team to the building’s lobby for one broadcast.

Europe to Remove 500-Euro Bill, the ‘Bin Laden’ Bank Note Criminals Love

Though the effort has been portrayed as a blow to corruption and organized crime, some critics say it is as an infringement on personal freedom and a stealthy tool of monetary policy.

Tesla Says It Will Sharply Ramp Up Production of Model 3

Tesla expects to make 500,000 vehicles by 2018, two years sooner than previously announced, and far beyond the 15,000 made in the first quarter.

Tribune Publishing Says No to Gannett’s $815 Million Offer

The owner of The Los Angeles Times and The Chicago Tribune said the unsolicited offer understated the company’s true value.

Zuckerberg and Chan Hire Education Leader to Run Philanthropic Effort

James H. Shelton, a former deputy secretary of the federal Education Department, will oversee the couple’s efforts in education.

European Court of Justice Upholds Strict Rules on Tobacco

The body rejected industry challenges to uphold curbs that ban menthol, require new health warnings and set limits on e-cigarettes.

Court Ruling Means an iPhone in China May Not Be a Phone at All

A Chinese leather goods maker has won the right to sell its wares under the iPhone name, in the latest twist in the country for popular international brands.

Owner of New York Stock Exchange Will Not Bid for London Rival

The decision by Intercontinental Exchange removed one potential challenger to a planned merger between the London Stock Exchange and Deutsche Börse.

Fitbit Forecasts Lower Profit for 2nd Quarter

Fitbit has been spending heavily to diversify its products portfolio as it builds a global brand.

Insight & Analysis
State of the Art

Apple, Set to Move to Its Spaceship, Should Try More Moonshots

To thrive in the next era of tech, one likely to be driven by data-rich online services, Apple needs to take a series of bigger, bolder risks.

Entrepreneurship

Building an Estate Sale Business by Franchising a Name and Brand

The business of estate sales is largely unregulated and fragmented. One company aims to establish credibility via franchising.

The Upshot

Outspoken Fed Official Frets About Following Japan’s Path

James Bullard of the Federal Reserve Bank of St. Louis wants to raise rates, but fears the opportunity won’t come before the next recession does.

Tech Fix

In the Race to Pay, Mobile Wallets Win

To fight fraud, the retail industry has shifted away from traditional magnetic credit cards in favor of cards with embedded computer chips. They’re slow.

Moore’s Law Running Out of Room, Tech Looks for a Successor

Unsure how long chip memory can reliably be doubled, an engineering group plans to create a new forecasting system for semiconductor innovation.

App Smart

The Smartphone Way to Inner Calm

Apps can help reduce daily stress through such means as guided meditation, journal writing and mood tracking.

Agriculture Start-Ups Get Boost From Big Firms and Investors

The AgTech Accelerator being started in North Carolina has backing from two big companies, Bayer and Syngenta, as well as venture capital firms.

Your Money Adviser

Trying to Simplify Choices in Federal Student Loan Repayment Plans

The Student Loan Payback Playbook, a new federal initiative, is intended to better educate borrowers about options and help curb defaults.

Deferred-Interest Promotions Are Back Under Scrutiny

Nearly banned in 2009, such promotions are commonly offered on store-branded credit cards, and have been criticized as misleading and costly.

The Upshot

Workers Are Getting a Bit More of the Economic Pie (and Shareholders Less)

Employees are regaining some bargaining power lost in the recession, but not the power lost over the last three decades.

Critic's Notebook

Trump TV Gears Up for the Fall

The former host of ‘The Apprentice’ may be retooling his image now that he’s the presumptive Republican presidential nominee.

Hong Kong Journal

Rest in Peace ... Just Not in Gucci Loafers

The luxury brand wants Hong Kong shops to stop selling cardboard replicas of its shoes, bags and other products to be burned as offerings to the dead.

Economic Scene

Populist Policies Let Brazil’s Tomorrow Slip Away

The soaring hopes fed by a subsidized, state-directed, commodity-fueled economy have lately come crashing back to earth.

Bill Gross Sells a Prized Investment: Stamps

Mr. Gross, a well-known bond investor, netted $4.5 million in the sale, which he plans to give to charities.

The Opinion Pages
Room for Debate

Troubling Trademarks

By registering a name that is offensive, would officials be approving a slur or doing their job to promote fair commerce?

Editors’ Picks
Beware the Fine Print

Arbitration Everywhere, Stacking the Deck of Justice

A series examining legal clauses that deprive Americans of their day in court.

The China Factor

Stumbling Over a Culture

When a Chinese truck manufacturer secured 250 acres of farmland in an Indian village, it caused a ripple effect with religious, political and socioeconomic repercussions.

Inside Amazon

Wrestling Big Ideas in a Bruising Workplace

The ambitious company is conducting an experiment in how far it can push white-collar workers.

  • All Sources
  • The New York Times

Latest News

9:57 PM ET
China April Services Sector Expansion Slows, Employment Rebounds-Caixin PMI
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China's Car Buyers Seek More Room, Comfort; Boost for 'Minivans'
9:06 PM ET
Cowboys Will Re-Create Ring of Honor at New Headquarters
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Incoming Rio Tinto Head Sees Tough Operating Environment Ahead
8:43 PM ET
NBC Relocates ‘Nightly News’ to Trump Tower, for a Night
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Bangladesh Bank Officials Say to Meet NY Fed, SWIFT; Seek to Recover Stolen Money
8:30 PM ET
Infighting Threatens to Fell a Venture Capital Firm
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Tesla Says It Will Sharply Ramp Up Production of Model 3
8:15 PM ET
Australia Clears AB Inbev's $100 Billion SABMiller Buyout Plan
8:06 PM ET
Judge Convicts Head of Mitsubishi Motors Representative in Brazil
8:06 PM ET
Tribune Publishing Says No to Gannett’s $815 Million Offer
7:43 PM ET
Fitbit Forecasts Lower Profit for 2nd Quarter
7:18 PM ET
Hong Kong Cracks Down on Illegal Money Flows From China Trade
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F.D.A. Advisers Say Doctors Should Undergo Painkiller Risk Training
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Business Highlights
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U.S. Judge Says Clinton May Have to Testify in Email Lawsuit
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Whole Foods Protects Profits in Second Quarter as It Cuts Prices
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U.S. Tech Firms Urge Presidential Candidates to Embrace Trade, High-Tech Visas
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Agriculture Start-Ups Get Boost From Big Firms and Investors

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From Sunday Business

A Crusader in the Coal Mine, Taking On President Obama

The energy tycoon Robert Murray has fought the president all the way to the Supreme Court with a message: To keep America strong, keep mining coal.

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One Top Taxpayer Moved, and New Jersey Shuddered

The hedge fund manager David Tepper’s relocation to Florida is a case study in how tax collection changes when income becomes concentrated in the hands of a few.

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