PRESS DIGEST-New York Times business news - Nov 27
Nov 27 (Reuters) - The following are the top stories on the New York Times business pages on Tuesday. Reuters has not verified these stories and does not vouch for their accuracy.
* The Lehman estate agreed on Monday to sell Archstone, a sprawling apartment complex company, to its two biggest real estate rivals - Equity Residential, a company run by the investor Samuel Zell, and AvalonBay Communities - for about $6.5 billion in cash and stock.
* In a surprising departure from convention, the British government on Monday selected Mark Carney, the head of the Canadian central bank, to succeed Mervyn King as the next governor of the Bank of England. ()
* Britain's Financial Services Authority fined UBS 29.7 million pounds ($47.59 million) on Monday for failing to prevent a $2.3 billion loss caused by a former trader. ()
* The decision to step down by Mary Schapiro, who overhauled the Securities and Exchange Commission after the financial crisis, follows a bruising tenure. Schapiro spent four years at the SEC trying to shake the regulator's past. ()
- 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
- Russian forces tighten grip on Crimea despite U.S. warning |