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Tuesday, October 17, 2017

Business Day Business

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Netflix will soon release the second season of “Stranger Things.” The streaming service plans to invest more in original programming.
Netflix

Netflix will soon release the second season of “Stranger Things.” The streaming service plans to invest more in original programming.

The company beat expectations by adding 5.3 million subscribers in the third quarter and said it would ramp up its spending on original content.

Breakingviews

A Chilly Winter Forecast for Nordstrom and Other Retailers

The inability of the Nordstrom family to team up with a potential buyer suggests even risk-tolerant investors are cool on the retail sector.

Small Endowments May Get to Invest in Bridgewater Associates

Bridgewater Associates is in discussions with an investment consultant to create a new investment fund for smaller endowments and foundations.

Weinstein Company Agrees to a Rescue Investment From Colony Capital

The company, reeling from scandals surrounding Harvey Weinstein, said it would begin negotiations on selling some or all of its assets to Colony Capital.

Uber’s C.E.O. and More at the DealBook Conference: DealBook Briefing

Dara Khosrowshahi will hold his first public interview since becoming chief of the ride-hailing giant, while other speakers include Laurene Powell Jobs.

Executive Mentors Wanted. Only Millennials Need Apply.

As businesses chase evanescent market trends, young workers are being pulled into programs to give advice to the top ranks of their companies.

Breakingviews

China’s Embrace of Private Investment Is Getting Tighter

On one hand, China enjoys the job growth and efficiency of the private sector. But the government keeps inserting itself into boardrooms.

Fair Game

Equifax’s Grip on Mortgage Data Squeezes Smaller Rivals

Lawmakers might ask why Freddie Mac, the home finance giant, has given Equifax an edge over capable rivals in a system that checks buyers’ credit.

Facebook Goes to Washington: DealBook Briefing

Sheryl Sandberg went on a public relations offensive with lawmakers as investigations into Russian interference in the presidential election continued.

BASF to Buy Bayer Units for $7 Billion

Bayer hopes that selling some of its crop science operations to its German rival will clear the way for regulatory approval of its $56 billion deal for Monsanto.

U.S. and Europe May Collide on Taxing Apple and Amazon

Other countries have their eyes on the money that lawmakers want to put on American tax rolls. But a European crackdown could work in Washington’s favor.

Tech Giants, Once Seen as Saviors, Are Now Viewed as Threats

American tech companies positioned themselves as entities that brought positive change by connecting people and spreading information. Perceptions are shifting.

21st Century Fox Pressed by Investment Group to Overhaul Board

The CtW Investment Group said the company’s directors had failed to effectively address the “longtime ethics crisis” at Fox News in a way that put 21st Century Fox at risk.

HSBC Names John Flint as Chief Executive

Mr. Flint, who is in charge of the lender’s retail banking and wealth management business, has been with the bank since 1989 and will succeed Stuart Gulliver.

China’s Tightening Grip on Tech Giants: DealBook Briefing

If Beijing moves to take board seats at companies like Tencent and an Alibaba affiliate, it may hamper their deal-making overseas.

Lufthansa to Buy Units of Air Berlin for $249 Million

The German flag carrier said it would to take over 81 aircraft and hire 3,000 people from the budget airline, which had filed for insolvency in August.

Entrepreneurship

As ‘Unicorns’ Emerge, Utah Makes a Case for Tech Entrepreneurs

In an area called “Silicon Slopes,” at least five start-ups are valued at more than $1 billion, a sign that Utah has become a growing force for tech incubation.

Insight & Analysis
Dealbook

How Valuable Is a Unicorn? Maybe Not as Much as It Claims to Be

A new study by a pair of professors concludes that many so-called unicorn companies are worth half of what is commonly reported for their valuation.

Special Sections
Special Section
DealBook: Business Goes to Washington

“We are absolutely destroying these horrible regulations that have been placed on your heads.” — President Trump.

Editors’ Picks
The Housing Trap

Seller financing can become a money trap for low-income buyers.

Markets »

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Jonathan A. Knee

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In Debt

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White Collar Watch

Peter J. Henning