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PRESS DIGEST- Financial Times - Sept 20
September 20, 2013 / 12:30 AM / 4 years ago

PRESS DIGEST- Financial Times - Sept 20

Sept 20 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

EMPIRE STATE REALTY FILES FOR $1 BLN IPO

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GOLDMAN HIT BY NEW YORK FED ERROR

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S&P WARNS EXCHANGE GLITCHES COULD TRIGGER DOWNGRADE

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PRATT AND ROLLS ABANDON PLAN FOR AIRCRAFT ENGINE PARTNERSHIP

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PINTEREST TAKES NEW TACK WITH ADVERTISING LAUNCH

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Overview

Empire State Realty Trust, the real estate investment trust that owns the iconic New York skyscraper, plans to raise as much as $1.07 billion from its planned initial public offering on the New York Stock Exchange.

Goldman Sachs suffered a loss when a clerical error by the New York Federal Reserve left the bank without any of the three-month Treasury bills it had ordered at a government debt auction, sources familiar with the matter said.

Rating agency Standard & Poor’s warned that the recent wave of technical glitches at global exchanges suggests that they have become more prone to breakdowns, and could trigger a downgrade of their credit ratings.

British aero engine maker Rolls-Royce and U.S.-based Pratt & Whitney, a unit of United Technologies Corp, have abandoned a planned joint-venture to develop engines for mid-sized aircraft.

Online scrapbook Pinterest has launched an advertising business that will charge businesses to place content that is integrated with the photos already on its users’ pinboards - similar to ad concepts developed by Facebook and Twitter.

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