Trump’s Nafta Plan Could Be Upended by Democrats’ House Takeover

ImageA dairy farm in Rhode Island. The new Nafta agreement includes provisions for dairy farmers and addressed a dispute over Canadian dairy products.CreditCreditOliver Doyle/ReutersWASHINGTON — President Trump’s promise to quickly pass a revamped North American Free Trade Agreement has been upended by the midterm elections, with Democrats who will soon control the House vowing to… Read More

APEC Host Country Has Few Good Roads, but It Has Maseratis

ImageA banner for the Asia-Pacific Economic Cooperation summit meeting being held this week in Port Moresby, Papua New Guinea. The country is by far the poorest of APEC’s 21 member economies.CreditCreditMast Irham/EPA, via ShutterstockPORT MORESBY, Papua New Guinea — The Maseratis and Bentleys have been delivered. Laborers from China have repaired roads and installed bus… Read More

Australian Woman Accused of Spiking Strawberries With Needles

ImageThe strawberry contamination scare led Australian supermarkets to post warning notices like the one above in the town of Mudgee in September. Some markets stopped stocking the fruit entirely.CreditCreditDavid Gray/ReutersSYDNEY, Australia — The Queensland police have arrested a former strawberry industry worker for spiking strawberries with needles, a crime that fueled a nationwide scare that… Read More

Facebook to Drop Forced Arbitration in Harassment Cases

ImageFacebook said Friday that it would stop forcing employee harassment complaints into arbitration. Google made a similar move a day earlier, after pressure from employees.CreditCreditAly Song/ReutersSAN FRANCISCO — Facebook said on Friday that it would no longer force employees to settle sexual harassment claims in private arbitration, making it the latest technology company to do… Read More

Fortune Magazine Sold to Thai Businessman for $150 Million

ImageThe decision earlier this year by Meredith Corporation to sell Time, Fortune and other iconic titles, though widely expected, further signaled the decline of the magazine industry.CreditCreditJeenah Moon for The New York TimesFortune magazine, a founding brand of the once-mighty Time Inc. empire that started publishing right after the stock market crash of 1929 and… Read More

F.D.A. Plans to Seek a Ban on Menthol Cigarettes

ImageAs part of its campaign against flavored e-cigarettes and nicotine addiction, the Food and Drug Administration plans to seek a ban on sales of menthol cigarettes. It’s a measure long sought by health advocates, who said the products were marketed heavily to African-Americans.CreditCreditJeff Chiu/Associated PressIn a landmark move bound to further shake the tobacco industry,… Read More

Ex-Goldman Sachs Banker Said Colleagues Were Involved in 1MDB Scandal

ImageDetails about the case against a former Goldman Sachs banker, Tim Leissner, were disclosed Friday when documents from his plea hearing were unsealed. He pleaded guilty in August.CreditCreditJohn Taggart for The New York TimesA former Goldman Sachs banker who helped orchestrate the looting of a multibillion-dollar Malaysian government investment fund told a federal judge that… Read More

A Tale of Two Washingtons Awaits Wall Street Banks

ImageRandal Quarles, the Fed’s vice chairman of supervision, called for a “recalibrating” of bank rules put in place since the financial crisis.CreditCreditJacquelyn Martin/Associated PressWASHINGTON — Big banks are about to experience a tale of two Washingtons.On Friday, a top Federal Reserve official said regulators were preparing to soften some rules imposed on the biggest banks… Read More