PRESS DIGEST - New York Times business news - Aug 12

Aug 12 (Reuters) - The following were the top stories in the New York Times business pages on Tuesday. Reuters has not verified these stories and does not vouch for their accuracy.

* Prosecutors say their own informant stole millions of credit card numbers in a case that reveals how the Internet is enabling new crimes on a vast scale.

* Whole Foods Market Inc (WFMI.O) said Monday it would tighten oversight of its suppliers to keep substandard products out of stores, after recalling ground beef that apparently sickened customers in two states.

* Wall Street's losses are fast becoming India's gain, as jobs higher up the financial food chain are being exported to India and places less costly than New York and London.

* As Wall Street's troubles deepen, big investment banks are seizing the moment to ask high-value employees to move to financial hubs in Asia, Latin America and the Middle East.

* Besides the shooting war between Georgia and Russia, another battle is raging in cyberspace: Georgia has accused Russia of disabling Georgian Web sites.

* Markets in Moscow fell sharply for a time on Monday and then recovered after an escalation in the fighting between Russia and Georgia raised concerns among investors that the conflict might endanger Russia's economic relations with the West.

* On Monday, oil traded below $113 a barrel, its lowest level since early May, and the euro, so strong for so long, tumbled below $1.49, its weakest level since February.

* Advanced Micro Devices Inc (AMD.N) plans to release a high-speed computer graphics card it says offers proof that its troubled merger with ATI Technologies is finally paying off.

* Waste Management Inc (WMI.N) raised its hostile bid for Republic Services Inc (RSG.N) to $6.73 billion in cash on Monday as it sought to pry the smaller garbage hauler away from an all-stock deal with Allied Waste Industries Inc AW.N.

* Morgan Stanley (MS.N) offered to buy back about $4.5 billion in auction-rate securities from retail clients, after a similar offer last week by Merrill Lynch & Co MER.N.

* The union representing pilots at United Airlines urged Glenn Tilton to resign, accusing him of steering the carrier down a path to poor customer service, employee morale and financial performance.

* Pilots at Delta Air Lines Inc (DAL.N) and the Northwest Airlines Corp NWA.N have approved a collective bargaining agreement. Ratification has been an element of Delta's efforts to achieve a smooth integration when it acquires Northwest later this year.

* The NFL is asking Congress for an exception to the requirement of publicly disclosing the names and salaries of employees at its headquarters, which has nonprofit status.

* Blackwater Worldwide, the contractor whose provision of private security in Iraq has been under scrutiny, and its affiliated companies may have improperly obtained more than $100 million in contracts meant for small businesses, according to federal auditors.

* The Justice Department has challenged an agreement that the Countrywide Financial Corp reached in a bankruptcy court in Pittsburgh, saying it would make it harder to investigate and sue the mortgage lending giant.