PRESS DIGEST – New York Times business news – April 26

April 26 (BestGrowthStock) – The following were the top stories in
the New York Times business pages on Monday. Reuters has not
verified these stories and does not vouch for their accuracy.

* While few dispute signs of economic recovery, significant
debate remains on how robust and sustained it will be.

* The indie scene is getting a boost from fleet-footed,
penny-pinching guerrilla operations that are trying to
resuscitate the business.

* Craigslist, one of the most popular Web sites in the
United States, is on track to increase its revenue 22 percent
this year, largely from its controversial sex advertisements.
That financial success is reviving scrutiny from
law-enforcement officials who say the ads are still being used
for illegal ends.

* At Bloomberg News, where writers’ salaries are tied,
among other factors, to how many “market-moving” articles they
have produced, Businessweek is fitting in like an 80-year-old
print magazine in a company that is all about terminals.

* Senate Democrats said Sunday that they had bridged
internal party differences and coalesced around a plan to
tighten regulation of derivatives, the complex financial
instruments that were a major factor in the 2008 economic

* Members of the World Bank agreed on Sunday to support a
$5.1 billion increase in its operating capital, the largest
increase in general financing since 1988, and to give
developing economies a greater say in running the antipoverty

* Skip Paul, the video game pioneer, pal of Steven
Spielberg and Hollywood power broker, will guide Centerview
Partners’ expansion into media.

* Faced with stricter Internet security measures, some
spammers have begun borrowing a page from corporate America’s
playbook: they are outsourcing.

* Charles River Laboratories (CRL.N: ) is close to acquiring
WuXi AppTec (WX.N: ), a Chinese pharmaceutical outsourcing
services provider, for about $1.6 billion.

* Merger between UAL Corp’s (UAUA.O: ) United Airlines and
Continental Airlines (CAL.N: ) reached an impasse over the
weekend over a disagreement about the price of a deal. The two
companies have not been able to reach an agreement over the
value of the stock prices used to compute the exchange ratio in
a stock-for-stock deal.

* As ad-supported radio abandons classical music for more
lucrative formats, public radio is again embracing the music it
once scorned.

* Kim Yong-chul’s popular tome on Samsung’s (005930.KS: )
convicted chairman raises questions about the independence of
the judiciary and media and the role of the corporation in

* Political pressure continues to build on Interior
Secretary Ken Salazar as he prepares to announce his decision
this week on the fate of a proposed wind farm off the coast of
Cape Cod, Mass., that has been stalled for nine years.

* After publicly staking a claim to the right to publish
electronic versions of books that already have a long history
in print, Random House appears to be letting go of digital
rights to several works by one prominent author without a
fight, potentially opening the way for other authors to take
their e-books away from traditional publishers.

* They are not winning trophies or plaques, but some
journalists who write about New Orleans are unwittingly earning
“Seals of Approval” from, a group that educates
people about why the city was so vulnerable.

* Mark Fiore’s cartoon application is now available through
the Apple (AAPL.O: ) App Store. But a group that represents
cartoonists like him is now lobbying for the company to change
its rules for humorous, politically charged apps.

* For the first time, marketers spent more in 2009 on
Internet advertising than in magazines, according to a report
from ZenithOptimedia, which said online ad spending would
rapidly close ground on newspapers.

PRESS DIGEST – New York Times business news – April 26