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PRESS DIGEST - New York Times business news - July 4

Fri Jul 4, 2008 12:49am EDT

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July 4 (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.

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* The unemployment rate held steady as 62,000 jobs disappeared in June, the Labor Department reported.

* A federal judge has ordered Google Inc (GOOG.O) to turn over to Viacom Inc (VIAb.N) its records of which users watched which videos on YouTube, the Web's largest video site by far.

* The European Central Bank, spooked by soaring prices for food and fuel, raised its benchmark interest rate a quarter of a percentage point to 4.25 percent.

* Samuel Israel, the convicted hedge fund manager who fled after faking a suicide last month, went to prison on Thursday, 24 days late.

* The former chief executive of Refco Inc was sentenced to 16 years in prison for a financial cover-up that brought down one of the world's largest commodities brokerage firms.

* Continental Airlines (CAL.N) and two of its employees have been ordered to stand trial on involuntary manslaughter charges related to the 2000 crash.

* The Russian government sought to make Bank of New York Mellon (BK.N) liable for $22.5 billion in damages for a money-laundering scandal that helped undermine Russia's economy.

* A former private banker at JPMorgan Chase & Co (JPM.N) is under investigation, suspected of making illegal money transfers, according to federal authorities and court documents.



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