February 13, 2014 / 6:35 AM / 4 years ago

PRESS DIGEST- New York Times business news - Feb 13

Feb 13 (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.

* Comcast Corp will announce a deal to acquire Time Warner Cable in an all-stock deal that will unite the biggest and second largest cable television operators in the country, according to people briefed on the matter. ()

* Senate Republican leaders rescued a measure to raise the nation’s borrowing limit, overcoming a threatened filibuster to clear the way for final approval. ()

* More than 1.1 million people signed up for health insurance through federal and state marketplaces in January, according to the government, and the number of young people enrolling increased faster than that of any other group. ()

* Toyota Motor Corp is recalling all of the 1.9 million newest-generation Prius vehicles it has sold worldwide because of a programming error that could cause their gas-electric hybrid systems to shut down, the automaker said Wednesday. ()

* The owner of WQHT-FM, the hip-hop station better known as Hot 97, is buying WBLS-FM and one other station for $131 million in cash, in a deal that will align some of New York’s most popular radio stations specializing in black music. ()

* The American Bankers Association announced on Wednesday that it was dropping its lawsuit to block parts of the Volcker Rule from going into effect after regulators modified what the group found most objectionable. ()

* Kroger Co, the biggest supermarket operator in the United States, faces a lawsuit claiming it deceived consumers by marketing a store brand as products from humanely raised chickens when the animals were raised under standard commercial farming. ()

* George Canellos, the former co-chief of enforcement at the Securities and Exchange Commission, announced on Wednesday that he would be joining Milbank, Tweed, Hadley & McCloy as a partner and global head of the firm’s litigation department. ()

* The Walt Disney Co said on Wednesday that it plans to partner with the technology accelerator TechStars to advise and encourage 10 startups. Each company will receive $120,000 and work with Disney leaders like Chief Executive Robert Iger for three months starting June 30. ()

* A total of 131 CEOs in the United States, mostly at public companies, departed their posts in January, the highest monthly total since February 2010 and 15.9 percent higher than the same period last year, according to findings from Challenger, Gray & Christmas, an outplacement firm. ()

* Standard Chartered Plc, the British bank that earns most of its profit in Asia, is prepping its Swiss private bank for a sale as it prunes its non-core operations, a spokeswoman confirmed Wednesday. ()

* Grupo Bimbo, a large Mexican baking company, agreed on Wednesday to buy Canada Bread, a baking company based in Toronto that is 90 percent owned by Maple Leaf Foods, for $1.67 billion.

* The French specialty materials maker Imerys SA said Wednesday that it had signed an agreement to acquire Amcol International Corp for $1.6 billion in cash and the assumption of debt. ()

* Société Générale said on Wednesday that it had swung to a profit in the fourth quarter, as it booked fewer one-time items than it did a year earlier. The French bank also said it would raise its dividend. ()

* Lenovo Group Ltd, the world’s biggest maker of personal computers, reported Thursday it had made progress in its plan to expand beyond PCs, even before a planned acquisition of Motorola Mobility. ()

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