PRESS DIGEST - New York Times business news - Sept 4
Sept 4 (Reuters) - The following were the top stories in The New York Times business pages on Thursday. Reuters has not verified these stories and does not vouch for their accuracy.
* Two former brokers at Credit Suisse Group AG (CSGN.VX) have been indicted on fraud and conspiracy charges in connection with the sale of auction-rate securities, federal prosecutors said.
* Private equity firm Cerberus Capital Management LP [CBS.UL] is racing to salvage multibillion-dollar investments in the automaker Chrysler LLC and GMAC LLC, the financing arm of General Motors Corp GM.N.
* Interest for wind turbines small enough to mount on a roof is spreading from coast to coast, even though their installation is hardly ever recouped in electricity savings.
* A former chief executive of a former Halliburton Co (HAL.N) subsidiary pleaded guilty to federal bribery and kickback charges in connection with work done in Nigeria from 1995 to 2004.
* U.S. auto sales sank again in August amid some signs that the industry had bottomed out and economic conditions were slowly improving. General Motors said that it was seeing signs of an economic rebound. Also, Ford Motor Co (F.N) reported a 26 percent decline in sales.
* The nation's economy failed to pick up speed in August, as Americans cut back on spending, shopped at discount stores and watched prices rise, the U.S. Federal Reserve said.
* American Airlines (AMR.N) rejected claims that a proposed alliance with British Airways Plc (BAY.L) would create a monopoly on trans-Atlantic service from London's Heathrow Airport.
* The Coca-Cola Co (KO.N) said it had made a bid to acquire one of China's largest juice makers for about $2.5 billion.
