PRESS DIGEST - New York Times business news - May 12

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

* Arkansas and at least a dozen other states are giving monthly payments to thousands of low-income workers in hopes of keeping them off the welfare rolls.

* With its sales slipping and fixed-line customers defecting, Deutsche Telekom (DTEGn.DE: Quote, Profile, Research, Stock Buzz) looked set this week to complete plans to buy a stake worth nearly 3 billion euros ($4.6 billion) in Greece's former phone monopoly.

* NBC has scheduled a news conference for Monday to make an announcement about its late-night lineup that has been in the works for 18 months and has been all but formalized since February: Jimmy Fallon, the former cast member of "Saturday Night Live," is to be named the third host - after David Letterman and Conan O'Brien - of NBC's "Late Night" talk show.

* A small New York publisher on Friday bought 02138, a magazine for Harvard alumni, with visions of expanding it into social networking and event sponsorship, and then duplicating the operation for each Ivy League school.