PRESS DIGEST - New York Times business news - July 10

July 10 (Reuters) - The following were the top stories in The New York Times business pages on Friday. Reuters has not verified these stories and does not vouch for their accuracy.

* Amid the gloom of bankruptcy and a miserable market for new vehicles, General Motors Corp's GMGMQ.PK new Chevrolet Camaro muscle car is winning over consumers looking for a little excitement in a bland landscape of look-alike sedans and watered-down sport utilities.

* Citigroup Inc (C.N) made its third change in top management in less than a year, highlighting the uncertainties the bank still faces months after accepting three multibillion-dollar government bailouts.

* Oil prices have dropped over the last two weeks as traders and investors acknowledge the lethargy of the world economy.

* When UBS (UBSN.VX) and federal prosecutors face off in a Florida courtroom on Monday, the focus will be whether UBS must disclose the identities of thousands of its American clients. The Swiss bank has said it would not comply with the Internal Revenue Service because doing so would violate Swiss law.

* The nation's stores reported another month of dreary sales declines, wiping out any hope of a recovery in retailing in the near future. Rain and rising unemployment dampened sales for retailers already reeling from consumers' new frugality.

* The final claims from victims of Bernard Madoff's vast Ponzi scheme now exceed 15,400, substantially higher than the 8,800 claims that had been filed by the first of June.

* Two economists with longstanding ties to the U.S. Federal Reserve warned Congress on Thursday that it would be a mistake to give the Fed broad power to supervise "systemic risk."

* American International Group Inc (AIG.N) has been quietly seeking approval from the Obama administration and the new compensation czar to pay $2.4 million dollars in bonuses to dozens of its senior executives.

* A Congressional oversight committee says taxpayers could lose money in banks' payments to reclaim their shares.

* Sprint Nextel Corp (S.N) announced that it would transfer operation of its networks to Ericsson (ERICb.ST) in order to cut spending and stem continued declines in subscribers to its cellphone services.