Edition: U.S. / Global

Business Day

Friday, December 5, 2014

Modern power meters are meant to talk directly to power companies, their customers and their customers’ dishwashers, but they have yet to live up to their potential.

Courtney Lupinek, a Baltimore Gas and Electric employee, replaces an old-style electric meter with a new “smart meter” in Owings Mills, Md.
Nate Pesce for The New York Times

Courtney Lupinek, a Baltimore Gas and Electric employee, replaces an old-style electric meter with a new “smart meter” in Owings Mills, Md.

Big Job Gains and Rising Pay in Labor Data

The gain was the largest monthly jump in payrolls in nearly three years, and average hourly earnings surged 0.4 percent, twice what analysts expected.

Brighter Economy Raises Odds of Action in Congress

An improving labor market, broad economic growth and a falling federal budget deficit are brightening the prospect of bipartisan cooperation next year.

Washington Memo

After Jobs Report, Obama Takes a Little Credit

The recovery has gained enough traction, White House officials say, that President Obama can make a robust case for how the accelerating job growth is likely to translate into higher wages.

Bits Blog

Videotaped Deposition of Steve Jobs Played in Apple iPod Trial

The late Apple chief defended his company’s decision to strictly control the music that can be played on an iPod in testimony recorded six months before his death.

CBS Shuts Off Programming for Dish Network

CBS programming went dark for Dish subscribers in New York, Los Angeles, Chicago and several other markets after six months of talks failed.

Staff at The New Republic Follows Editor Out the Door

A large portion of The New Republic’s staff quit after the departure of the editor, Franklin Foer, who had bristled at the appointment of a new chief executive, Guy Vidra.

Insight & Analysis
Common Sense

Steep Slide in Oil Prices Is Blessing for Most

If history is any guide, it’s hard to see falling oil prices as anything but good news for everyone whose fortunes aren’t tied to oil.

Your Money

A Liability Risk for Airbnb Hosts

The home-sharing business now has secondary coverage, which kicks in after a homeowner’s primary insurance.

Wealth Matters

The Ins and Outs of Trusts That Last Forever

States have begun competing with one another for the business of perpetual trusts, and people have been putting their millions and billions into them.

Retiring

Of the Right Age, but Can’t Seem to Stay Retired

Some of retirement age need an income; others crave a challenge. The number of people in the work force who are past retirement age is growing.

DealBook

Uber Tells Off Critics With Financing Plan

A plan to issue securities that convert to stock at a discount to its eventual I.P.O. price shows how the company’s chief executive remains in the driver’s seat, says Robert Cyran of Reuters Breakingviews.

DealBook

Why Fear Kills Productivity

It’s in any company’s self-interest to create a culture that minimizes fear.

Off the Charts

Government Spending on Construction Edges Up

Roads and other transportation projects, as well as sewers and waste disposal plants, were among the biggest recipients during the 12 months through October.

Your Money Adviser

Some Drawbacks in Tapping the Phone to Deposit a Check

As the service catches on, it becomes increasingly important for customers to compare the terms of mobile deposit services that different banks offer.

Bits Special Section: Security

Hacked vs. Hackers: Game On

There has been an awakening that online threats are real and growing worse, and that the prevailing “patch and pray” approach to computer security will not do.

Markets »

From Sunday Business
The New Smoke

A Lesser Warning? Maybe

Swedish Match, a tobacco company, wants the F.D.A. to change course, by declaring its smokeless product as having “substantially lower risks to health than cigarettes.”

How to Build an Empire, the Netflix Way

With “Marco Polo,” its lavish new series, the streaming service is placing one of its biggest bets yet on global expansion.