September 1, 2017 / 4:52 AM / a year ago

PRESS DIGEST- New York Times business news - Sept 1

Sept 1 (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.

- Nearly a year after Wells Fargo & Co's fraudulent account scandal burst into public view, the bank said it had turned up more than a million additional accounts that customers may not have authorized.

- Toshiba Corp, the embattled Japanese conglomerate, said on Thursday it needed more time to choose an outside investor for its microchip business, extending a period of uncertainty for the company as it seeks a multibillion-dollar cash infusion to stabilize its finances.

- The average price of a gallon of regular gasoline in the United States on Thursday jumped 5 cents from the day before, to $2.45, the highest price of the year, according to the AAA motor club. Contracts for September wholesale deliveries rose 25.5 cents a gallon, signaling that the worst is yet to come. Experts said prices at the pump could easily rise an additional 30 cents a gallon.

- Thirteen of The Village Voice's 17 union workers were laid off and were told they would no longer have jobs after the third week of September, a union representative said.

Compiled by Bengaluru newsroom

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