Economy

AT&T, loaded with debt from its DirecTV deal, sells part of its TV business to a private equity firm.

AT&T is selling part of its TV business, which consists of the DirecTV, AT&T TV and U-verse brands, to the private equity firm TPG in a spinoff deal as it looks to shed assets to deal with a burdensome debt load and focus on its mobile telephone and streaming businesses.The deal, which will give TPG a minority stake, values the TV business at $16.25...

Beeple Brings Crypto to Christie’s

Mike Winkelmann never used to call himself an artist. But that was before he made $3.5 million in a single weekend from selling his artworks. In December, he auctioned off multiple editions of three digital artworks, each priced at $969, and 21 unique works, most of which sold for about $100,000 each. It was only the second time he had put his art on...

After Russian Cyberattack, Looking for Answers and Debating Retaliation

Among those who testified at the hearing was Sudhakar Ramakrishna, the new chief executive of SolarWinds, who took over weeks after the breach was discovered and has since been peeling back the layers of the intrusion. He told the Senate committee that the code had been eradicated from the company’s products. But that is little use to the government agencies and companies that were...

Adam Neumann of WeWork and SoftBank Are in Settlement Talks

Adam Neumann, the flamboyant co-founder of WeWork, and SoftBank, the Japanese conglomerate that rescued the co-working company in 2019, have in recent weeks made significant headway toward settling their drawn-out legal dispute, according to two people with knowledge of the matter. That battle has stalled SoftBank’s efforts to take WeWork public.As part of its multibillion-dollar bailout of WeWork, SoftBank offered to pay $3 billion...

F.A.A. Orders Inspections on Boeing 777 Jets After Engine Failure

The head of the Federal Aviation Administration said on Sunday that he was requiring “immediate or stepped-up inspections” of all Boeing 777 planes equipped with a particular Pratt & Whitney engine model one day after the jet suffered a dramatic engine failure over Colorado.Also on Sunday, United Airlines, the only American carrier affected by the F.A.A. order, said it was temporarily grounding the 24...
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