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PRESS DIGEST- Financial Times - Jan 16

Jan 16 The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Arris in bid for Brocade network unit -sources

Jan 13 Set-top box maker Arris International Plc is in talks to acquire Brocade Communications Systems Inc's networking equipment business for as much as $1 billion, according to people familiar with the matter.

Investors fight back on aggressive covenant terms

NEW YORK, Jan 13 (IFR) - Investors dug in their heels this week on three investment-grade bond deals that tried to include more issuer-friendly terms, signaling that - for now at least - enough is enough.

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Trump says NATO is obsolete but still 'very important to me'

LONDON U.S. President-elect Donald Trump said NATO was obsolete because it had not defended against terror attacks, but that the military alliance was still very important to him, The Times of London reported.