A federal judge on Monday ordered Rajat K. Gupta, a former Goldman Sachs director, to pay the bank more than $6.2 million to reimburse it for legal expenses connected to his insider trading case.Last May, a jury convicted Mr. Gupta, 64, of leaking boardroom secrets about Goldman to the hedge fund manager Raj Rajaratnam. The presiding judge, Jed S. Rakoff, sentenced Mr. Gupta to two years in prison....
Horse Meat in European Beef Raises Questions on U.S. Exposure
Label: HealthThe alarm in Europe over the discovery of horse meat in beef products escalated again Monday, when the Swedish furniture giant Ikea withdrew an estimated 1,670 pounds of meatballs from sale in 14 European countries. Ikea acted after authorities in the Czech Republic detected horse meat in its meatballs. The company said it had made the decision even though its tests two weeks ago did not...
Horse Meat in European Beef Raises Questions on U.S. Exposure
Label: LifestyleThe alarm in Europe over the discovery of horse meat in beef products escalated again Monday, when the Swedish furniture giant Ikea withdrew an estimated 1,670 pounds of meatballs from sale in 14 European countries. Ikea acted after authorities in the Czech Republic detected horse meat in its meatballs. The company said it had made the decision even though its tests two weeks ago did not...
Yahoo Orders Home Workers Back to the Office
Label: TechnologySince Marissa Mayer became chief executive of Yahoo, she has been working hard to get the Internet pioneer off its deathbed and make it an innovator once again. She started with free food and new smartphones for every employee, borrowing from the playbook of Google, her employer until last year. Now, though, Yahoo has made a surprise move: abolishing its work-at-home policy and ordering everyone...
India Ink: Narmada Devi, the Housewife from Uttar Pradesh
Label: WorldWhy do millions of people, from entire Indian villages to urbane middle managers to foreign tourists, brave the crowds at the Kumbh Mela? During this year’s 55-day pilgrimage, to Allahabad, Uttar Pradesh, an estimated 100 million Hindus and others are expected to take a holy dip in the Ganges River to wash away their sins. India Ink interviewed some of them.Narmada Devi, 45, a housewife from Varanasi,...
Feb
25
DealBook: J. Crew Chief and American Express Invest in Warby Parker
Label: BusinessWarby Parker, the hip purveyor of retro-style glasses, has solidified ties with two of its most prominent fans.Now the three-year-old start-up can count Millard S. Drexler, the chief executive of J. Crew, and American Express as participants in its latest round of financing, which closed last month at $41.5 million.The two join an already expansive group of investors that includes General Catalyst...
‘Bloodless’ Lung Transplants for Jehovah’s Witnesses
Label: HealthEric Kayne for The New York TimesSHARING HOME AND FAITH A Houston couple hosted Gene and Rebecca Tomczak, center, in October so she could get care nearby. HOUSTON — Last April, after being told that only a transplant could save her from a fatal lung condition, Rebecca S. Tomczak began calling some of the top-ranked hospitals in the country. She started with Emory University Hospital in Atlanta,...
‘Bloodless’ Lung Transplants for Jehovah’s Witnesses
Label: LifestyleEric Kayne for The New York TimesSHARING HOME AND FAITH A Houston couple hosted Gene and Rebecca Tomczak, center, in October so she could get care nearby. HOUSTON — Last April, after being told that only a transplant could save her from a fatal lung condition, Rebecca S. Tomczak began calling some of the top-ranked hospitals in the country. She started with Emory University Hospital in Atlanta,...
Nokia Unveils Low-Priced Phones
Label: TechnologyBARCELONA — Nokia on Monday introduced two new low-priced basic cellphones, plus two lower-priced versions of its flagship Lumia Windows smartphone — part of an effort by the former market leader to compete amid an intensifying price war in handsets. The four new phones — the Lumia 720, Lumia 520, Nokia 301 and Nokia 105 — will help Nokia maintain and perhaps build on its position as...
India Ink: A Conversation With: Author and Mathematician Manil Suri
Label: WorldThe Indian-American author Manil Suri made a splashy entry into the world of writing in 2001 with “The Death of Vishnu,” which became a best seller and was a finalist for the prestigious PEN/Faulkner award. “The Age of Shiva” followed seven years later. This month, the 53-year-old mathematics professor, who teaches at the University of Maryland, Baltimore County, released “The City of Devi,” the...
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