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PRESS DIGEST-New York Times business news - June 7
June 7, 2013 / 4:51 AM / 4 years ago

PRESS DIGEST-New York Times business news - June 7

June 7 (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.

* The federal government has secretly taken information on foreigners overseas for years from companies like Google Inc , Facebook Inc and Apple Inc, according to documents that emerged Thursday and were confirmed by a senior government official. ()

* More than a year ago, the European Union’s top justice official proposed a tough set of measures for protecting the privacy of personal data online. ()

* General Motors Co’s Chief Executive Daniel Akerson stood before a packed hall and took a victory lap of sorts at the company’s annual meeting on Thursday, celebrating a new level of financial stability and GM’s return to the ranks of the Standard & Poor’s 500-stock index. ()

* A year after a shareholder meeting with strong opposition to Wal-Mart Stores Inc board members after a bribery scandal in Mexico, many investors are asking why more change has not occurred. ()

* When it comes to advertising, Facebook Inc has decided it needs a new friend: simplicity. On Thursday, the social network announced that it was going to simplify the process of buying ads significantly, starting with the first question posed to a buyer. ()

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