PRESS DIGEST - New York Times business news - April 13
April 13 (Reuters) - The following were the top stories on the New York Times business pages on Friday. Reuters has not verified these stories and does not vouch for their accuracy.
* The decision by BrightSource Energy to withdraw its initial public offering on Thursday highlights the current difficulties facing the solar market. Despite a vast increase in installation, profits remain scarce.
* In one of the first tests of its willingness to show its muscle, the new agency created to protect consumers declined on Thursday to put up a fight.
The agency, the Consumer Financial Protection Bureau, introduced a proposal that would make it easier for credit card issuers to charge fees before borrowers' accounts were officially open.
* A plan to reopen a mine in Spain has been stalled, angering local residents in need of jobs while leaving environmentalists worried that economic priorities will trump safety concerns.
* Mark Zuckerberg is said to have had a large role in Facebook's $1 billion purchase of Instagram, but he has not always played a heavy hand in the company's acquisitions.
* The fate of Argentina's largest oil company, YPF , was thrown into doubt on Thursday as reports that President Cristina Fernández de Kirchner was preparing to nationalize the company drew a warning from Spain that it would consider such a move a hostile action.
- Radar showed missing plane may have turned back: Malaysia military
- Malaysian jetliner may have turned back before vanishing |
- Malaysian plane presumed crashed; questions over false IDs |
- CORRECTED-UPDATE 4-Malaysia Airlines plane crashes in South China Sea with 239 people aboard - report
- Malaysian jet's disappearance among rarest of aviation disasters