DealBook

Michael Ferro stepped down as the chairman of Tronc, just weeks after he helped negotiate the sale of The Los Angeles Timeshttp://nyti.ms/2FVL8wr 

In a recent interview, the Royal Dutch Shell chief executive said deepwater exploration “is back absolutely.”http://nyti.ms/2pveDPo 

“We love these brands and think they have great audiences." But, he continued, "Our main portfolio that we built over time at Meredith has been focused on a different audience type.”http://nyti.ms/2FXXGDn 

“Nobody knows what’s going to happen,” said a lawyer who trades cryptocurrencies. “But the I.R.S. is the one agency you don’t want to mess with.”http://nyti.ms/2DLOwb9 

At issue in the Italian case was whether profits Kering made on Gucci sales in Italy had in fact been declared in Switzerland, where tax laws is more favorable.http://nyti.ms/2pvfjUS 

“Operators appear to still be in a ‘wait and see’ mentality when it comes to exploration, looking for stability in oil prices.”http://nyti.ms/2FUfZxD 

"Facebook is at one of those moments where everybody has to ask which side of history do you want to be on? The facts are not only indisputable, they’re not even complete. It’s going to get worse.”http://nyti.ms/2FS8six 

There were reports as far back as 2015 that Cambridge Analytica had access to this data set. Why didn’t you suspend them then? See Mark Zuckerberg's answer.http://nyti.ms/2uc4ZGl 

Facebook’s chief executive, Mark Zuckerberg, spoke with The New York Times about data privacy of users, Cambridge Analytica and the company’s next steps.http://nyti.ms/2IIeC2G 

Kering is the latest luxury group to find itself under scrutiny by Italian tax authorities, following a crackdown on tax evaders in recent years amid growing pressure on its public finances.http://nyti.ms/2DKYHNk 

“More people are speaking up because they feel like they’ve been told lies. You can’t just repeat, ‘We’re making the world more open’ over and over and over again while democracy is burning.”http://nyti.ms/2u9hMsX 

The decision to sell Time, Sports Illustrated, Fortune and Money was widely expected. Still, the sale of what were some of Time Inc.’s most celebrated titles further signals the decline of the magazine industry.http://nyti.ms/2DKinB7 

Trump's tariffs and other penalties will target imported Chinese goods in as many as 100 categories and will also impose restrictions on Chinese investments in the United Stateshttp://nyti.ms/2FTQCMj 

Cryptocurrency traders are afraid that the windfall profits created by last year’s cryptocurrency boom, which created a new class of crypto-millionaires, have left them with huge tax bills.http://nyti.ms/2px3H2S 

As Silicon Valley experiences a wave of criticism, even some one-time partners are becoming adversaries. “It is time. #deletefacebook,” wrote one of the founders of WhatsApphttp://nyti.ms/2FRp6Pi 

Brian Acton, a co-founder of the WhatsApp messaging service, told his tens of thousands of followers on Tuesday to delete Facebook. The social network acquired WhatsApp for $19 billion in 2014.http://nyti.ms/2pv95V7 

Trying to catch up to the reality of prostitution long after it moved from the streets to the web, the Senate gave final approval to legislation to strengthen the policing of sex traffickinghttp://nyti.ms/2FSt7Df 

The once vaunted Time Inc. magazine empire has not just been swallowed up. It is now being spit out in pieceshttp://nyti.ms/2DLqjBT 

Trump administration officials characterized the offshore auction as a success since major oil companies had placed over 150 bids. But independent analysts said the results were modest.http://nyti.ms/2puanje 

For people who aren’t celebrities or billionaires, the decision to abandon Facebook came reluctantly. Here, some newly Facebook-free users of social media discuss why they left and how they plan to cope.http://nyti.ms/2FSxK0f