‘Third World’ LaGuardia to Be Built Anew With Delta’s Help

LaGuardia Airport, in the borough of Queens, was voted America’s dirtiest and most poorly designed by readers of Travel & Leisure magazine in 2012. Built in 1964, with a capacity of 8 million annual air passengers, the central terminal is expected to serve 17.5 million passengers annually by 2030, according to the Port Authority.

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How the world is running out of the Internet

The World Wide Web once had a mammoth 4.3 billion Internet Protocol addresses to offer, enough spots for nearly every adult in the world to log on with their very own device. Now, it’s run out

Woeful energy-stock earnings are punishing the S&P 500

Earnings among energy companies are down 54.4% while revenue fell 38.2%, according to Butters. With 187 S&P 500 companies having reported second-quarter results, blended earnings, which combine actual results with projected estimates, are 2.2% lower. Blended revenues are 4% weaker. It is the first time since the third quarter of 2012 that earnings have fallen year-over-year, Butters said.

After Quick 8.5% Crash, Confusion Reigns in Chinese Stocks

The severity of an 8.5 percent drop in the Shanghai Composite Index is bad enough, but what irks him the most is not knowing why it tumbled so much. In a market where unprecedented intervention has made government money one of the biggest drivers of share prices, authorities aren’t transparent enough for investors to make informed decisions, said Hann, the head of emerging markets at Blackfriars Asset Management Ltd.

Yanis Varoufakis Revealed Secret Plans for Parallel Greek Payment System in Recorded Phone Call

Former Greek Finance Minister Yanis Varoufakis said he was authorized by the country’s prime minister, Alexis Tsipras, to come up with an emergency plan for a parallel payment system, which could lead the country to the drachma, according to a recording of a call with investors released today.

Is the ‘Gig Economy’ a Thing? Ask Women

Take, for instance, the proportion of multiple-job holders, which one imagines would correlate with an economy in which an increasing number of people cobble together a livelihood through several part-time or one-off jobs. It’s been steadily declining since the 1990s, and is near a historic low. But look a little closer and an interesting pattern emerges. At all age groups, women are more likely to hold multiple jobs than their male peers.

The 'and daughter' evolution of the family business: How women are taking the helm in male-dominated companies

The New York-based development company, which was started in 1900 by Donald’s father, Frederick, and grandmother, Elizabeth, is at the forefront of one of the big changes at small companies: Women are increasingly taking over top leadership roles, even in traditionally male-dominated businesses.

Can All Chinese Debt Be Rated A+?

Overseas, however, the company’s more than $3 billion in debt, denominated in both dollars and yuan, is rated below investment grade, or what is commonly called junk.

James Bond Posters, Rare Collectibles Can Make You Rich

You don’t have to be a millionaire to participate. Original British posters of the James Bond movie “You Only Live Twice,” starring Sean Connery, sell for about $1,500, while a pristine “Dr. No,” the first film in the franchise, can fetch more than $15,000.

Teva Pharmaceutical Industries to buy Allergan Plc's generic drug business for US$40.5 billion, drops Mylan bid

TEL AVIV — Teva Pharmaceutical Industries has agreed to buy Allergan Plc’s generic drugs business for US$40.5 billion in a cash and stock deal that will turn the Israeli company into one of the world’s largest pharmaceutical firms.

Mitsubishi Shifts Focus to Smaller, Emerging Economies

With its decision to end auto production in the U.S., where Detroit’s Big Three and global giants dominate, Mitsubishi Motors Corp. has become the latest second-tier car maker to shift its focus away from crowded, mature markets to smaller emerging economies where there is less competition and more chance to grow.

5 Things to Read Today: China Market Rout Fuels Questions on Beijing’s Approach, Boy Scouts Poised to End Ban on Gay Leaders, and More

The Boy Scouts are expected to vote Monday on whether to end a ban on gay scout leaders . Earlier this month, a smaller 17-member executive committee unanimously voted to end the prohibition and allow individual Scout units to set their own policies. The issue now moves to the Boy Scouts’ 80-member executive board. If ratified, the policy will become official. The question of whether to include openly gay youth and adults has roiled the organization for years. The resolution to end the ban on gay adults, if passed, would still allow local scout units that are chartered to religious or other organizations to continue to set their own policies on gay adults.

13 LaGuardia Airport: Should It Be Fixed or Shut Down?

George Haikalis of the Institute for Rational Urban Mobility discusses the prospect of making the proper fixes needed at LaGuardia Airport and the options for paying for the project. He speaks on "Market Makers." (Source: Bloomberg)

Noma Is Moving to Sydney Next Year

On the heels of Noma Tokyo’s success, Copenhagen’s restaurant crew will bring the multi-award-winning “World’s Best Restaurant” to Sydney

U.S. Stocks Follow Global Markets Lower

This year seems to be the laggard year due to high P/E, questionable earnings, and the specter of rising interest rates.  These alone signify a cautious market, so all it takes is a major pullback in an important market (China), and there you go -- more reason to pull out.  This could become a 4-8 month reversal in the market which will eat away at the gains of the last 2 years, but next year being an election year could infuse optimism once again, particularly if China rebounds somewhat.

Iraq’s Southern Oil Exports Hit a Record in July

Southern oil exports, representing the central government’s shipments, rose to 3.064 million barrels a day in July and will remain at about the same level for the rest of the month, Thaer Yassin, spokesman of the state-owned South Oil Co., said by phone on Monday. Exports were 3.020 million barrels a day in June, he said.

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Three years ago today the Olympic Games opened in Britain. Did they change East London? http://econ.st/1D5FW63  pic.twitter.com/00xOnA9RwG

Five things you should know before you start your workday

Apparently there is a plan B that addresses the shortage: a new IPv6 version that would create so many addresses — 340 undecillion — that it’s an ‘-illion’ number so large you’ve probably never heard of it before. This would apparently be enough to give everyone on Earth their own list of billions of IP addresses, according to Google.

Takeover battle possible for SilverCrest Mines

Desjardins Capital Markets analyst Michael Parkin thinks this all-stock deal is accretive and logical for First Majestic. By his calculation, SilverCrest’s Santa Elena mine in Mexico generated free cash flow of US$2.99 per ounce of silver equivalent production in the first quarter. That is an impressive figure in a market where many mines are producing negative cash flow.

Samsung Looks to Bigger Galaxy in Search for Smartphone Star

SEOUL—Samsung Electronics Co. is revamping one of its most important product releases of the year, underscoring the pressures the South Korean technology company faces as its mobile earnings take a hit from Apple Inc. and Chinese rivals.

21 Google gives up on rivaling Facebook with Google+

Google put the final nail in the coffin of its ambition to make Google+ a real competitor to Facebook, Twitter and other leading social networks Monday.

Baidu, Inc.

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@TheStalwart's Killer Chart: An Index Takes a Beating

Bloomberg's Joe Weisenthal talks about what he's following ahead of today's “What’d You Miss?” Watch the show with Joe and Alix Steel every weekday at 4 p.m. ET on Bloomberg.

China Stock-Market Recovery Goes All Wobbly

The dam China hastily built to hold back the selloff has sprung a major leak. The Shanghai Composite crashed 8.5% Monday, its biggest drop since 2007. That comes after a 2.4% fall Friday. In quick order, much of the state-fueled rally has evaporated.

'Self-care isn’t selfish': How Wear Your Label plans to help eradicate mental health stigma

Launched to counter that reality, Wear Your Label produces tees, tanks and sweaters emblazoned with positive and honest messaging, such as: “Self-care isn’t selfish,” “Sad but rad” and “It’s okay to not be okay.”

Procter & Gamble Co. to Name David Taylor as CEO

Procter & Gamble Co. is expected to announce as early as Thursday that company veteran David Taylor will succeed CEO A.G. Lafley, according to a person familiar with the matter. The announcement is pending a P&G board meeting, which is scheduled for Tuesday.

Auto Makers Double Down on Pricey Pickups

It is too bad that Ford has priced the Ford F-150 pickup out of reach for the average middle class person.  I had many Ford F-150 and F-100 pickups (as well as Ford Ranger pickups) but they were basic pickups with few options.  I wish for the day that the Ford Ranger pickup returns, as a 4-door pickup as sold in Australia, New Zealand, South Africa, and Brazil.  But... we are not allowed to import them to the USA!  With Ford pickups too high priced, my only other option is to look at another vehicle manufacturer.  But... I hate to leave Ford after owning so many during the past 53 years...

Premarkets: 5 things to know before the open

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer . Morningstar: © 2015 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2015. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2015 and/or its affiliates.

Secret ‘Plan B’ for Greece revealed in explosive Varoufakis recording

A secret tape from a call held between Varoufakis and a large group of hedge funds earlier this month reveals the controversial ex-minister had put an extensive “Plan B” in place to prepare Greece for a parallel payment system if the European Central Bank — as it did — cut off emergency lending to the Greek banking system.

The $500-a-Month Workout Habit

Paul Hernandez of Sugar Land, Texas, has kept his longtime membership at 24 Hour Fitness—but mainly because of his $154-a-year rate. The 55-year-old tax consultant has rarely visited in the past year since he started doing hot yoga classes at a Bikram studio and joined a location of the strength-and-conditioning program CrossFit. He pays about $280 a month total for his two memberships. 24 Hour Fitness declined to comment.

China's Stock Market Rout: Two Minute Recap

The Council on Foreign Relations' Richard Haass, Citigroup Inc.'s Peter Orszag, JPMorgan Asset Management's Tai Hui, High Frequency Economics' Carl Weinberg, Renaissance Macro Research LLC's Neil Dutta and Point72 Asset Management's Dean Maki comment on the rout in China's stock market. Watch the key moments from their interviews in two minutes. (Source: Bloomberg)

Afraid to spend? Why you should stop saving so much and enjoy your money

It’s a tricky dilemma for many of us. As much as pundits tell us to scrimp, and save, and sacrifice for the future, when is it actually okay to spend a little on yourself and enjoy this life that passes all too quickly?

Financial Times on Twitter

Just published: front page of the Financial Times, US edition, Tuesday 28 July pic.twitter.com/tXhtyvblWG

China’s Market Plunge – The Numbers

The Shanghai Composite Index ended down 8.5% at 3725.56, its second-straight day of losses and worst daily percentage fall since February 27, 2007. The smaller Shenzhen Composite fell 7% to 2160.09 and the ChiNext, composed of small-cap stocks and sometimes known as China’s Nasdaq,  closed 7.4% lower at 2683.45.

Chrysler facing fine up to $105 million for mishandling recalls

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer . Morningstar: © 2015 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2015. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2015 and/or its affiliates.

36 Oil Bulls Are Fleeing at the Fastest Pace in Three Years

Oil traded in New York fell more than 20 percent from its June high, meeting the common definition of a bear market. U.S. output has held near a four-decade high while the largest OPEC members pump at record rates, keeping the market oversupplied. The drop was part of a broader retreat in commodity prices to a 13-year low, driven by concern that slower economic growth in China and a stronger dollar will hurt demand.

Options Update: How to Play Twitter

MKM Holdings Derivatives Strategist Jim Strugger discusses his options play for Twitter. He speaks on “Bloomberg Markets.” (Source: Bloomberg)

How Vulnerable Are Today's Cars, Trucks to Hacking?

Hackers landed a Fiat Chrysler Jeep in a ditch last week. Bloomberg's Matt Miller reports on the dangers hackers pose to modern vehicles. He speaks on "Bloomberg Markets." (Source: Bloomberg)

Elon Musk, Stephen Hawking, Noam Chomsky And An Army of Killer Robots Walk Into A Bar

Bond villain come-to-life Elon Musk has joined with his poker buddies Stephen Hawking and Noam Chomsky to warn everyone that we need to stop f#cking around with killing machines. An open letter released by the Future of Life Institute, and co-signed by science celebs like Musk and a litany of artificial intelligence academics, takes a very scary look at the world of drone warfare and the terrifying future that it posits.

Social-Media Firms Resist Role of Policing Terror Talk

Ever since former NSA contractor Edward Snowden revealed the breadth of U.S. electronic surveillance, tensions have simmered between the government and technology companies over access to users’ online communication. Congress is now raising the stakes. The Senate Intelligence Committee included language in an annual intelligence-funding reauthorization bill last month that would require companies such as Google Inc., Facebook Inc. and Twitter Inc. to disclose any content they spot on their networks that could indicate...

Teva to Buy Allergan Generics for $40.5 Billion

Teva Pharmaceutical Industries Ltd. on Monday agreed to buy Allergan PLC’s generics unit for $40.5 billion in cash and stock, in a deal that will vault the Israeli company into the top ranks of global drug makers.

FirstFT - Energy projects shelved, Fiat Chrysler fine - FirstFT - World & Global Economy Video - FT.com

FirstFT - Energy projects shelved, Fiat Chrysler fine Jul 27, 2015 : Daniel Garrahan provides Monday’s top stories from around the world: oil majors shelve new projects as the price of crude falls, formal Greek bailout talks start and Fiat Chrysler hit by a record fine in the US.

UBS Takes France to Court over Human Rights

Zurich-based UBS Group AG filed an application with the Strasbourg-based European Court of Human Rights last month, arguing that it was denied a fair trial in France last year when the Swiss bank was required to post a €1.1 billion euro ($1.2 billion) bond as part of a legal probe. Judges in that ongoing case are investigating allegations from French prosecutors that UBS helped French clients open Swiss accounts used to evade taxes, and laundered the proceeds.

The Economist on Twitter

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How High Def Is Changing Your Brain—and Driving the Prop Master Crazy

“We used to say, if it’s not bigger than a two-inch circle, you’re not going to see it on film,” Hollywood prop master David Marais told me in his sunny South African lilt. “Now, with high def, it’s down to an eighth of an inch. It’s got to look real. And the dust on the floor, now they’re going to see the dust on the floor underneath the couch ... It has definitely changed the way I look at things, because now you look at the dirt around the doorknob, you look at chips on the paint, all those sorts of things, and you think, ‘Ah, I gotta fix that.’”

The Economist Apps and Digital Editions - The Economist Espresso

Get a head start each weekday with our new morning briefing. Delivered to your iPhone or Android smartphone before breakfast, it tells you what's on the global agenda in the coming day and, most importantly, what to make of it.


Listen to This Morning: America's First News with Gordon Deal on your phone!

The Economist on Twitter

Distracted by the Middle East, China and Vladimir Putin, Barack Obama has neglected Africa http://econ.st/1S8inR1  pic.twitter.com/seG8WKNHBs

The Economist on Twitter

America's deal with Iran has sent the price of gold down to a five-year low. Why? http://econ.st/1InouWM  pic.twitter.com/9OaE3xPrWy

10 wealthiest couples on the planet

The wealthiest couple on the planet, Microsoft Corp. co-founder Bill Gates and his wife Melinda, celebrate their 21st wedding anniversary this year. In their honor, private wealth consultancy Wealth-X has calculated the 10 wealthiest couples in the world. Bill married Melinda, a Microsoft employee, in 1994 and the couple has two daughters and one son. In 2000, they set up the Bill & Melinda Gates Foundation, which gives primarily to agricultural development, health, educational and other social causes worldwide.

51 The Economist on Twitter
52 How this college is trying to get students to borrow less
53 The Economist on Twitter
54 Durable goods orders rise 3.4% in June but business investment still soft
55 After a Billion Sore Feet, Converse Wants Chucks to Feel Like Nikes
56 The Economist on Twitter
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58 Check Out the Latest Views of Tesla’s Massive Gigafactory
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63 Microsoft’s Free Windows Squeezes New PC Sales
64 The Economist on Twitter
65 Hong Kong Is Feeling China's Pain
66 Joss Stone Dives Into Reggae on ‘Water for Your Soul’ (Exclusive Album)
67 The $100 Billion Deal Is Still Out There for Pharma
68 The Economist on Twitter
69 The Economist on Twitter
70 Not an Introvert, Not an Extrovert? You May Be An Ambivert
71 Was my home a good investment?
72 GVC sweetens bid for rival Bwin.party - FT.com
73 The Graying of Germany’s Small Business Managers
74 The secret to a happier, healthier life: Just retire
75 The Economist on Twitter
76 The Economist on Twitter
77 Financial Times on Twitter
78 NATO Meets to Discuss Turkey’s Security Situation
79 Traveling Home for the Summer? Expat Tips on What to Expect and How to Cope
80 The Economist on Twitter
81 These 11 brewers make over 90% of all U.S. beer
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84 The Economist on Twitter
85 South Korea MERS Outbreak Is Over, Government Says
86 7 Ways to Deal With Today's Long Job Hiring Process
87 China Stocks Suffer Sharpest Daily Fall Since 2007
88 Greece’s New Talks With Creditors Start With Dispute Over Past
89 Gertjan Vlieghe to Join BOE Rate-Setting Committee
90 Wanted: Pilots to Fly Looming $5.6 Trillion Jet-Order Surge
91 SPY investment information - SPDR S&P 500 ideas on StockTwits
92 China Rout Deepens, Worries Ripple Out to Other Asian Markets
93 How to fly first class for free (or on the cheap)
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98 Five Must-Read Books That Will Help You Understand China
99 What your credit card actually covers when you rent a car
100 Goldman Sachs Bets on Indian Furniture Startup Pepperfry.com