- IRS official refuses to answer questions at scandal hearing |
- Global stocks, oil fall after Bernanke; dollar gains |
- Oklahoma tornado victims astounded at how they survived |
- CORRECTED-White House threatens veto of bill to bypass Obama on Keystone
- Man linked to Boston bombing suspect killed by FBI in Florida
PRESS DIGEST-New York Times business news - Aug 24
Aug 24 (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.
* After the failure of one effort to overhaul a major part of the mutual fund industry, top government officials worked on Thursday to find alternative ways to rein in what they see as a systemic threat to the financial system.
* The severity of China's inventory surplus has been masked by the blocking or adjusting of economic data by the government.
* Mitt Romney is proposing to end a century of federal control over oil and gas drilling and coal mining on government lands to court western voters and supporters from the energy industry.
* Three years after General Motors Co hobbled out of bankruptcy, it is betting that the new Cadillac ATS will become a global contender in luxury cars.
* Facebook Inc is trying to find ways to show lucrative ads to mobile users without cluttering up their hand-held screens and driving them away in frustration.
* The Federal Reserve Bank of New York said on Thursday that it had wound down the final remnant of its rescue of the American International Group Inc, generating a multibillion-dollar profit in the process.
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