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PRESS DIGEST- New York Times business news - Dec 19
December 19, 2013 / 6:00 AM / in 4 years

PRESS DIGEST- New York Times business news - Dec 19

Dec 19 (Reuters) - 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.

* Insurance companies, worried about potential chaos next month as people begin seeking coverage under the federal health care law without completing the necessary paperwork, have agreed to give consumers an extra 10 days to pay their first-month premiums, according to a statement from the companies’ trade group. ()

* In a disappointment for Boeing, Brazilian defense officials said on Wednesday that they had picked the aircraft maker Saab for a $4.5 billion contract to build 36 fighter jets over the next 10 years. ()

* European Union finance officials agreed late Wednesday on a system for winding down failed banks, an important step toward introducing a banking union. ()

* Nearly four years after the Gulf of Mexico oil rig explosion that left 11 dead, a former low-level engineer, Kurt Mix, at BP was found guilty on Wednesday of obstruction of justice for deleting messages during a federal investigation into how much oil leaked. ()

* Target is investigating a security breach involving stolen credit card and debit card information for millions of its customers, according to one person involved in the investigation. ()

* Together, Whole Foods and Chobani have become two of the biggest success stories in the food business in the last decade, but now they are parting ways. Whole Foods said on Wednesday that as of early next year its stores would no longer stock Chobani, primarily because the explosion of Greek yogurt brands has made it more selective in how it allocates its prized refrigerated shelf space. ()

* The Federal Communications Commission on Wednesday proposed repealing its blackout rule, which for decades has been the bane of sports fans whose ability to watch their favorite team’s home games on television has depended on whether enough of their fellow fans bought tickets to see it in person. ()

* To promote its Galaxy mobile devices, Samsung Electronics is taking, fittingly, a galactic approach, with an international marketing campaign that blends science fiction with soccer fandom. Central to the campaign is a series of videos, shot in a moody, otherworldly style reminiscent of “The Matrix.” ()

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