PRESS DIGEST - New York Times business news - April 22

April 22 (Reuters) - The following were the top stories in the New York Times business pages on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy.

* The Obama administration has entered a tense showdown with several of the nation's largest banks that appears likely to determine whether Chrysler survives.

* Two months after Steven Rattner left Wall Street for Washington, his private investment company is facing a widening investigation into corruption in public pension funds - and fighting for its future.

* With efforts to help homeowners and credit card holders in jeopardy, Democrats call on U.S. President Barack Obama to put pressure on lenders.

* Managers at the outsourcing company Satyam Computer Services Ltd (SATY.BO) spun an elaborate web of fraud to attract customers and investors, while using stakes in the company to raise cash for themselves, according to a report filed by India's top investigation agency.

* Patients who had heart defibrillators implanted by specialists had fewer serious complications than patients who got them implanted by other types of doctors, according to a study released Tuesday.

* Despite huge government efforts to restore lending to normal, Treasury Secretary Timothy Geithner said Tuesday that borrowing costs remained high and credit was still not flowing normally.

* Hilton Hotels Corp said on Tuesday it had received a federal grand jury subpoena for documents related to accusations that the company and two of its executives stole documents from Starwood Hotels and Resorts Worldwide Inc (HOT.N) concerning the development of a luxury brand.

* Lockheed Martin Corp (LMT.N) will accept the Pentagon's plans to phase out the F-22 fighter jet and will not lobby Congress to build more of the expensive planes, a top executive said on Tuesday.

* Advanced Micro Devices Inc (AMD.N), the chip maker, said on Tuesday that its losses widened as it grappled with the slow economy and its own restructuring.

* As finance ministers gather this weekend for meetings of the International Monetary Fund and the World Bank, they will focus on two eye-popping numbers: $4.1 trillion, the fund's latest projected losses from the global economic crisis, and $1.1 trillion to help fix it.

* Yahoo Inc (YHOO.O) said Tuesday that it would cut 5 percent of its work force after a decline in revenue and profit during the first three months of the year, the first quarter under the leadership of Carol Bartz.

* The New York Times Co (NYT.N) reported a first-quarter loss of $74.5 million on Tuesday, compared with a loss of $335,000 in the period a year ago, as it joined the roster of newspaper companies recording the steepest advertising declines in generations.

* After its bid for a Chinese juice company failed, Coca-Cola Co (KO.N) said on Tuesday that it would consider buying back shares.

* Caterpillar Inc (CAT.N) reported its first quarterly loss in 17 years on Tuesday, hurt by plunging sales and the cost of laying off thousands of workers.

* On Tuesday, executives at Martha Stewart Living Omnimedia (MSO.N) said Wenda Harris Millard, co-chief executive and president of its media division, was leaving the company and would not be replaced.

* Widespread turmoil throughout the markets took a hard toll on BlackRock Inc (BLK.N), the big money management company that has been hired to work on government aid programs. The firm reported a 56 percent slump in first-quarter profit on Tuesday, a signal that other asset management companies might also soon report steep drops in net income.