PRESS DIGEST – New York Times business news – April 9

April 9 (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.

* As interest rates on Greek debt spiral upward again, the
question facing Europe is no longer whether Athens has the
political will to cut spending and raise taxes to curb its
gaping budget deficit, but whether Greece will run out of money
before it gets the chance to do so.

* An analysis of consumer claims submitted to auto
manufacturers in recent years shows that speed-control issues
— like those that have led to the recall of millions of Toyota
Motor Corp (7203.T: ) vehicles — account for a small percentage
of the possible problems brought to the attention of carmakers.

* Through a new partnership with an Internet company that
specializes in personalized shopping, MasterCard Inc (MA.N: ) is
set to introduce a Web shopping mall on Monday that it says can
pinpoint with considerable accuracy what its cardholders are
likely to purchase.

* Glenn Tilton is seeking once more to find salvation in a
tie-up with a competing airline. But as UAL Corp’s (UAUA.O: )
United Airlines and US Airways Group (LCC.N: ) resume their
merger talks — the third go-round since 2000 — one question
remains: Is Tilton simply trying to make the best of a weak

* Apple Inc (Read more about Apple stock future.) (AAPL.O: ), the maker of popular gadgets, is
getting into the business of selling advertising, ratcheting up
its rivalry with Google Inc (Read more about Google Stock Analysis) (GOOG.O: ).

* The nation’s retailers reported their strongest monthly
sales growth in a decade on Thursday, with robust gains in
virtually every category of merchandise and every type of

* Oprah Winfrey pitched OWN, her forthcoming cable channel,
to advertisers in New York on Thursday, and said she would host
a prime-time interview show on it called “Oprah’s Next

* Beijing is said to be ready to announce that the currency
will be allowed more variation and a small jump against the

* Charles O. Prince III, Citigroup’s (C.N: ) former chairman
and chief executive, abased himself before the federal panel
investigating the causes of the crisis, apologizing repeatedly
for the billions of dollars in losses at an institution that
ended up the recipient of $45 billion of taxpayer aid.

* The Federal Reserve artfully avoided a second Depression
by being open to generating and testing new ideas, the central
bank’s chairman, Ben S. Bernanke, said Thursday evening.

* Walt Disney Co (DIS.N: ) is considering three bids for the
ministudio Miramax, including one from its co-founders and
former owners, Bob and Harvey Weinstein.

* A fresh wave of consolidation in the travel industry
surfaced this week as British Airways (BAY.L: ) and Iberia
(IBLA.MC: ) of Spain formalized a long-awaited deal to create one
of the world’s largest airline groups.

* The Tribune Company, the newspaper publisher, said on
Thursday that it had agreed with creditors on a plan that would
help it exit bankruptcy protection later this year.

* The British Parliament on Thursday approved plans to
crack down on digital media piracy by authorizing the
suspension of repeat offenders’ Internet connections.

* New York Governor David Paterson said Thursday that he
would unilaterally withhold scheduled pay raises for thousands
of state workers because New York had too little cash to afford

* After almost two decades of delays, the Environmental
Protection Agency said Thursday that it was on track to
implement a regulation requiring the construction industry to
help prevent cases of lead poisoning among children.

* The European Central Bank sent a signal of support to
Greece on Thursday, saying that the government in Athens would
not be allowed to default and that a European commitment of
support should taken seriously by investors.

* Japan’s largest business newspaper, the Nikkei, joined
the trend of other news sites last week by requiring readers to
pay to view its Web site. But, in a twist, it also imposed a
policy severely restricting links to its articles — or even
its home page.

* A federal judge sentenced the Minnesota businessman Tom
Petters to 50 years in prison on Thursday for orchestrating a
$3.7 billion Ponzi scheme that included hedge funds, pastors,
missionaries and retirees among its victims.

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PRESS DIGEST – New York Times business news – April 9