John Flint, who was C.E.O. for only 18 months, resigned “by mutual agreement” with the board, which also announced solid earnings. Source: NYT > Business – Stanley Reed
A Paradox at the Heart of the Newspaper Crisis
Hedge funds have found that they are able to wring profits out of an ailing product: the print newspaper. But for how long? Source: NYT > Business – Marc Tracy
Bustle Puts Gawker Reboot on Ice
The influential website continues to resist the efforts of its new owner, Bryan Goldberg, to bring it back to life. Source: NYT > Business – Marc Tracy
Uber Lays Off 400 as Profitability Doubts Linger After I.P.O.
The ride-hailing company’s cuts follow an internal reorganization and questions about whether it can make money. Source: NYT > Business – Kate Conger
The Week in Business: Food Stamps Come Under Fire, and Facebook Gets Fined (Again)
Plus, the Epstein scandal takes another casualty — Deutsche Bank. Source: NYT > Business – Charlotte Cowles
Nissan Will Cut 12,500 Jobs as Profit Plunges
The Japanese carmaker’s results suggest its problems run deeper than it has acknowledged, putting more pressure on it to fix its alliance with Renault. Source: NYT > Business – Ben Dooley