August 28, 2013 / 12:05 AM / 4 years ago

PRESS DIGEST-Financial Times - Aug 28

Aug 28 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.


JPMorgan woes deepen as US demands $6 bln penalty


Tiffany profits sparkle on China growth


Nissan promises self-driving cars by 2020


Chinese milk producer moves towards $1bn Hong Kong IPO


NY Times website brought down by attack


UTV hopes for advertising growth



U.S. authorities are pressing JPMorgan Chase & Co for at least $6 billion to settle lawsuits over mis-sold securities to government-backed mortgage companies in the run-up to the financial crisis, according to people familiar with the matter.

U.S. jeweller Tiffany & Co’s raised its full-year earnings forecast on Tuesday after strong sales in China and higher prices pushed profits in the second quarter above analysts’ estimates.

Nissan Motor Co Ltd said it would be ready to bring a fully self-driving car to market by 2020, challenging a range of carmaking rivals and industry newcomers such as Google Inc .

Chinese dairy company Liaoning Huishan Dairy Group will apply to the Hong Kong stock exchange on Thursday for an up to $1 billion initial public offering, according to people familiar with the plans.

The website of The New York Times experienced another outage on Tuesday afternoon, probably caused by a “malicious external attack”, the company said.

UTV Media Plc’s first-half revenue and profit fell as advertising revenue continued to decline but the Northern Irish broadcaster said it expects television and radio advertising to improve in the second half of the year.

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