Since the 2008 financial crisis, governments have experimented with just about every possible combination of fiscal and monetary policy. Some have pursued expansionary programs by borrowing heavily, cutting taxes and increasing spending. Others have gone the sackcloth-and-ashes route -- or were forced to -- by slashing spending and raising taxes. And some, the U.S. and the euro area included, have lurched from one strategy to another.
New York Times Co., looking to imitate the business models used by startups such as BuzzFeed Inc., is considering letting advertisers sponsor more stories on its website, two people with knowledge of the situation said.
Apple Inc. Chief Executive Officer Tim Cook apologized to Chinese consumers after two weeks of being lambasted by state-run media for arrogance and poor customer service. The company’s offense? It failed to replace the back covers of iPhones after repairing electronics inside.
Bill Gross, manager of the world’s biggest mutual fund, sought to reassure clients that he hasn’t lost his touch after he misjudged the extent of the economic slowdown, causing his Pimco Total Return Fund to trail rivals this year.