PRESS DIGEST-New York Times business news - April 22
April 22 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.
* Mary Jo White, who took over the Securities and exchange commission (SEC) as chairman this month, is expected to name Andrew Ceresney as co-head of the commission's enforcement arm, according to people briefed on the matter. (link.reuters.com/ren57t)
* Hollywood blockbusters appeared poised last year to take over China's box office, but something unexpected happened on the way to the bank: demand tapered off sharply. (link.reuters.com/dun57t)
* The low price of carbon credits means the market is not doing its job: pushing polluters to reduce carbon emissions, which most climate scientists believe contribute to global warming. (link.reuters.com/vun57t)
* Several companies produce sports eye wear that provides data, including speed and altitude, heart rate and time per mile, but critics say the devices create a distraction that could be dangerous. (link.reuters.com/tun57t)
* Auto buyers in what is the world's largest car market are shifting away from compacts and subcompacts and buying more midsize cars and sport utility vehicles. (link.reuters.com/wun57t)
* A small but growing number of American corporations, operating in businesses as diverse as private prisons, billboards and casinos, are making an aggressive move to reduce - or even eliminate - their federal tax bills.
They are declaring that they are not ordinary corporations at all. Instead, they say, they are something else: special trusts that are typically exempt from paying federal taxes. (link.reuters.com/ten57t) (Compiled by Tej Sapru in Bangalore; Editing by Gopakumar Warrier)
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