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Business Day

Wednesday, May 25, 2016

The PayPal co-founder Peter Thiel, who was outed as gay by a Gawker blog, says his financing of the Hulk Hogan lawsuit was not strictly motivated by revenge.

Illustration by Andrew Sondern/The New York Times; Left to right: Money Sharma/Agence France-Presse — Getty Images; Stephanie Pilick/European Pressphoto Agency; Denis Balibouse/Reuters; Chip Somodevilla/Getty Images

In Silicon Valley, Gossip, Anger and Revenge

Valleywag’s posts about Peter Thiel raised his ire, and he financed a lawsuit against its parent, Gawker Media.

Mt. Gox Creditors Seek Trillions Where There Are Only Millions

The $2.4 trillion in bankruptcy claims against the failed Bitcoin exchange are a far cry from the $91 million in assets that have been tracked down.

Volkswagen Challenges U.S. Jurisdiction in Emissions Scandal

The Justice Department sued the automaker in January, but Volkswagen now says the facts are unclear, and it is still conducting an investigation.

A Complicated Legal Battle Over Sumner Redstone’s Mental Acuity

The determination of the media mogul’s competence exists at a ragged intersection of psychiatry, geriatric medicine and the law.

Takata, Short of Cash, Wants Carmakers to Share Costs of Its Recall

Takata is facing mounting financial costs related to its recall of more than 100 million airbags worldwide, as well as a flood of lawsuits from car owners and victims.

Climate Change Activists Either Prod Exxon Mobil or Dump It

Whether to negotiate new policies reflecting climate change or adopt a scorched-earth strategy has divided groups seeking change within the energy company.

Pollution From Canadian Oil Sands Vapor Is Substantial, Study Finds

The pollution coming from the process is rivaled by only the largest metropolitan areas, like Los Angeles, in North America.

Alibaba Faces U.S. Accounting Inquiry

The Securities and Exchange Commission is investigating how the Chinese e-commerce giant accounts for affiliated companies and related-party transactions.

Salesforce to Use Amazon’s Cloud to Expand in Canada and Australia

Salesforce, itself a cloud-computing company, will use Amazon Web Services to grow more rapidly in a deal valued at $400 million.

Artificial Intelligence Is Far From Matching Humans, Panel Says

At an event sponsored by the Office of Science and Technology Policy, experts explored questions about systems that would make decisions without human input.

New Crop of Companies Reaping Profits From Wasted Food

With as much as 40 percent of the American food supply going into the trash, food waste has become a platform for commerce.

Insight & Analysis
State of the Art

Corporate America Chases the Mythical Millennial

The expensive quest to discover what millennials want misses two things: Each is an individual, and collectively they are much like other generations.

Your Money Adviser

Discover Offers No-Strings FICO Score

The Discover credit services company has set up a website that will supply credit score information even for consumers without a Discover card.

App Smart

Give Your Smartphone a Kitchen Apron, Too

Cooking apps, like SideChef and Yummly, guide you through the cooking experience and give access to thousands of recipes.

Tech Fix

A Traveler’s Guide to Taking a Smartphone Abroad

There are two ways to take your phone overseas and get data — the frugal way, which requires a bit of tinkering, and the pay-full-price way.

Women From Venus, Men Still From Mars on Facebook, Study Finds

A study of 10 million Facebook posts found that American men more likely to swear, express anger and argue; women used kinder yet more assertive language.

Entrepreneurship

Drones Pique the Interest of Entrepreneurs

Start-ups are offering services from news gathering and real estate photography to monitoring of farm fields. But the rules are still being written.

Sinosphere

China’s Craft Breweries Find They May Have a 5,000-Year-Old Relative

Researchers have analyzed pottery vessels discovered at a site in Shaanxi Province and determined that they are the first direct evidence of a beer-brewing operation.

Economic Scene

We’ve Seen the Trump Phenomenon Before

Discontent bred of globalization and economic devastation has precedent in history. Such dynamics preceded both world wars.

Anxious in America

Feeling Let Down and Left Behind, With Little Hope for Better

In a moment riddled with economic and social worries, an e-cigarette shop in Wilkes County, N.C., is an oasis for some young Appalachians.

Just How Accurate Are Fitbits? The Jury Is Out

Activity trackers that measure things like pulse rates are the subject of conflicting studies, including one cited in a lawsuit against Fitbit.

Unbuttoned

The End of the Office Dress Code

In the sartorial battle between the individual and the corporation, the individual is winning. But what happens when one person’s “appropriate” is another person’s “disgraceful”?

Tech Tip

Reviving a Sluggish iPhone

Forcibly quitting open apps or refreshing the phone’s random access memory might help speed up the device’s performance

Obituaries

Donn Chappellet, Napa Pioneer Who Tired of Coffee Vending, Dies at 84

After becoming bored with his food services company, a hobbyist became a pioneer in Napa Valley, creating Chappellet Vineyard, now known for its cabernets.

From the Magazine
First Words

How ‘Everything’ Became the Highest Form of Praise

How do you distinguish a photo, video or new product from the rest when they’re all hailed as the epitome of achievement?

Editors’ Picks
The Velvet Rope Economy

In an Age of Privilege, Not Everyone Is in the Same Boat

Companies are becoming adept at identifying wealthy customers and marketing to them, creating a money-based caste system.

Fighting a Cage Match to Turn UFC Into a National Phenomenon

Two brothers have worked to bring what some critics have derided as “human cage fighting” into the lucrative mainstream of spectator sports.

A Gay, Latino Partner Tests Goldman’s Button-Down Culture

The Wall Street giant is trying to change its public image and be thought of as a tech company. No one is more central to this effort than Martin Chavez.

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Latest News

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