PRESS DIGEST-Financial Times - Aug 28
Aug 28 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
JPMorgan woes deepen as US demands $6 bln penalty
Tiffany profits sparkle on China growth
Nissan promises self-driving cars by 2020
Chinese milk producer moves towards $1bn Hong Kong IPO
NY Times website brought down by attack
UTV hopes for advertising growth
U.S. authorities are pressing JPMorgan Chase & Co for at least $6 billion to settle lawsuits over mis-sold securities to government-backed mortgage companies in the run-up to the financial crisis, according to people familiar with the matter.
U.S. jeweller Tiffany & Co's raised its full-year earnings forecast on Tuesday after strong sales in China and higher prices pushed profits in the second quarter above analysts' estimates.
Nissan Motor Co Ltd said it would be ready to bring a fully self-driving car to market by 2020, challenging a range of carmaking rivals and industry newcomers such as Google Inc .
Chinese dairy company Liaoning Huishan Dairy Group will apply to the Hong Kong stock exchange on Thursday for an up to $1 billion initial public offering, according to people familiar with the plans.
The website of The New York Times experienced another outage on Tuesday afternoon, probably caused by a "malicious external attack", the company said.
UTV Media Plc's first-half revenue and profit fell as advertising revenue continued to decline but the Northern Irish broadcaster said it expects television and radio advertising to improve in the second half of the year.
- Malaysian plane presumed crashed; questions over false IDs |
- China draws 'red line' on North Korea, says won't allow war on peninsula
- Warning shots fired to turn monitors back from Crimea |
- Malaysian plane crashed off Vietnam coast: state media