PRESS DIGEST – New York Times business news – April 23

April 23 (BestGrowthStock) – The following were the top stories in
the New York Times business pages on Friday. Reuters has not
verified these stories and does not vouch for their accuracy.

* Senator Charles E. Schumer of New York, long known as one
of Wall Street’s best friends on Capitol Hill, has kept a low
profile as Congress looks at regulatory reform.

* U.S. President Barack Obama took his rhetoric of reform
on Thursday to the nation’s financial capital in a high-profile
foray to chide Wall Street bankers for their “reckless
practices” and to press for tighter regulations meant to avert
another financial crisis.

* Web start-ups are pushing the boundaries of online
sharing, asking people to post their most personal details.

* Glamour took the top honor at the National Magazine
Awards on Thursday, winning in a new category called Magazine
of the Year that awards both print and digital efforts.

* Greece’s attempts to get its economy back on its feet and
to regain investor trust suffered another setback Thursday as
the European Union increased its estimate of the country’s 2009
budget deficit.

* Rating agencies faced pressures from their clients, the
same banks that were assembling and selling the investments,
according to a Senate investigation.

* The announcement by US Airways Group Inc (LCC.N: ) on
Thursday that it was ending merger discussions with UAL Corp’s
(UAUA.O: ) United Airlines clears the path for rival talks
between Continental Airlines Inc (CAL.N: ) and United. But it
also left unanswered questions about US Airways’ long-term
ability to compete as an independent carrier, leading to
speculation that it might pair up with AMR Corp’s (AMR.N: )
American Airlines.

* The euro fell (Read more about the trembling euro. ) to a one-year low against the dollar on
Friday amid intensifying concerns about the Greek economy and
its impact on the other 15 countries that share the euro
currency.

* As momentum grows in the United States and Europe for
tighter regulations on banks, opposition is building in Japan.
Financial industry leaders and even regulators argue that
proposed measures like stronger bank capital requirements and
taxes on financial transactions to curtail risk-taking, as well
as new rules being debated for Wall Street, are overreactions
that threaten to derail the global economic recovery.

* Microsoft Corp (MSFT.O: ), the world’s largest software
maker, added to the good cheer on Thursday, as it too reported
record results for its third quarter, with sales rising 6
percent to $14.50 billion. But Microsoft’s numbers left
investors wanting more.

* The idea of allowing futures trading on the box-office
prospects of new films faced a skeptical audience at a
Congressional hearing on Thursday, with lawmakers questioning
whether ticket sales receipts are actually commodities to be
traded and whether the proposed market would be ripe for
manipulation.

* Credit Suisse (CSGN.VX: ) reported Thursday that its
first-quarter profit (Read more your timing to make a profit.) rose and that it had attracted more
wealthy clients to its private bank.

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PRESS DIGEST – New York Times business news – April 23