June 13 The following are the top stories on the
New York Times business pages. Reuters has not verified these
stories and does not vouch for their accuracy.
* The leaders of the European Union, mired in recession and
battered by increasing opposition from voters, are desperate for
political success to promote economic growth. They are pushing
for a rapid negotiation of a trade agreement with the United
States aimed at expanding commerce and creating jobs.
* Gary Cohn has long been considered the man who will be the
next Chief Executive of Goldman Sachs Group Inc ; the
problem is the current chief, Lloyd Blankfein, isn't ready to
* E-Cigarettes, the devices that mimic tobacco cigarettes
are growing in popularity even as regulators in Europe and the
United States weigh their risks.
* Intel Corp's plan to create a virtual cable
service is running up against a barricade being guarded by cable
and satellite distributors. ()
* World Bank's economists forecast that the global economy
would grow about 2.2 percent this year and 3 percent in 2014.
* The Financial Conduct Authority of Britain says it is
looking into claims that traders at large banks manipulated some
foreign exchange benchmark rates and that it might start an
* Significant cognitive distraction was seen by researchers
who analyzed subjects trying to juggle driving with high-tech
in-car systems. ()
* The battered Japanese stock market lurched into bear
market territory Thursday morning, after a tumble of 5.3 percent
took the combined decline in the Nikkei 225 index since May 23
to more than 20 percent. ()