PRESS DIGEST- New York Times business news - March 10

March 10 Mon Mar 10, 2014 1:24am EDT

Related Topics

March 10 (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.

* BlackRock, the world's largest asset-management company, said on Monday that it had hired Helen Zhu as a managing director and head of its China equities business. ()

* A federal jury on Friday found Jesse C. Litvak, a former senior trader at the Jefferies Group, guilty of deceiving his customers about the prices of mortgage-backed securities he sold to them after the financial crisis. ()

* New York Public Radio will announce on Monday that it has received a $10 million grant from the Jerome L. Greene Foundation, which it says is the largest single gift ever made to a public radio station. ()

* Microsoft Corp is betting that a new game, Titanfall, will be enough of a hit to improve sales of its flagship gaming console Xbox One, whose sales are trailing those of a machine from Sony, Microsoft's main rival. ()

* The British financier Guy Hands has agreed to end a lawsuit against Citigroup Inc in the United States, though the legal battle may continue in England. ()

* Tencent Holdings Ltd, one of China's biggest Internet companies, said on Monday it would pay $215 million for a 15 percent stake in the Chinese e-commerce company ()