PRESS DIGEST - New York Times business news - April 26
April 26 (Reuters) - The following were the top stories in the New York Times business pages on Monday. Reuters has not verified these stories and does not vouch for their accuracy.
* While few dispute signs of economic recovery, significant debate remains on how robust and sustained it will be.
* The indie scene is getting a boost from fleet-footed, penny-pinching guerrilla operations that are trying to resuscitate the business.
* Craigslist, one of the most popular Web sites in the United States, is on track to increase its revenue 22 percent this year, largely from its controversial sex advertisements. That financial success is reviving scrutiny from law-enforcement officials who say the ads are still being used for illegal ends.
* At Bloomberg News, where writers' salaries are tied, among other factors, to how many "market-moving" articles they have produced, Businessweek is fitting in like an 80-year-old print magazine in a company that is all about terminals.
* Senate Democrats said Sunday that they had bridged internal party differences and coalesced around a plan to tighten regulation of derivatives, the complex financial instruments that were a major factor in the 2008 economic crisis.
* Members of the World Bank agreed on Sunday to support a $5.1 billion increase in its operating capital, the largest increase in general financing since 1988, and to give developing economies a greater say in running the antipoverty institution.
* Skip Paul, the video game pioneer, pal of Steven Spielberg and Hollywood power broker, will guide Centerview Partners' expansion into media.
* Faced with stricter Internet security measures, some spammers have begun borrowing a page from corporate America's playbook: they are outsourcing.
* Charles River Laboratories (CRL.N) is close to acquiring WuXi AppTec (WX.N), a Chinese pharmaceutical outsourcing services provider, for about $1.6 billion.
* Merger between UAL Corp's UAUA.O United Airlines and Continental Airlines CAL.N reached an impasse over the weekend over a disagreement about the price of a deal. The two companies have not been able to reach an agreement over the value of the stock prices used to compute the exchange ratio in a stock-for-stock deal.
* As ad-supported radio abandons classical music for more lucrative formats, public radio is again embracing the music it once scorned.
* Kim Yong-chul's popular tome on Samsung's (005930.KS) convicted chairman raises questions about the independence of the judiciary and media and the role of the corporation in Korea.
* Political pressure continues to build on Interior Secretary Ken Salazar as he prepares to announce his decision this week on the fate of a proposed wind farm off the coast of Cape Cod, Mass., that has been stalled for nine years.
* After publicly staking a claim to the right to publish electronic versions of books that already have a long history in print, Random House appears to be letting go of digital rights to several works by one prominent author without a fight, potentially opening the way for other authors to take their e-books away from traditional publishers.
* They are not winning trophies or plaques, but some journalists who write about New Orleans are unwittingly earning "Seals of Approval" from Levees.org, a group that educates people about why the city was so vulnerable.
* Mark Fiore's cartoon application is now available through the Apple (AAPL.O) App Store. But a group that represents cartoonists like him is now lobbying for the company to change its rules for humorous, politically charged apps.
* For the first time, marketers spent more in 2009 on Internet advertising than in magazines, according to a report from ZenithOptimedia, which said online ad spending would rapidly close ground on newspapers.
- Exclusive: Radar data suggests missing Malaysia plane deliberately flown way off course - sources
- Lost passenger jet was diverted deliberately: Malaysian PM |
- Investigators focus on foul play behind missing Malaysia plane: sources |
- UPDATE 1-Rolls-Royce concurs with Malaysia on missing jet's engine data
- UPDATE 2-Satellite data shows missing Malaysia plane may have flown thousands of miles-source