PRESS DIGEST – New York Times business news – Aug 24

Aug 24 (BestGrowthStock) – The following were the top stories in
The New York Times business pages on Tuesday. Reuters has not
verified these stories and does not vouch for their accuracy.

* Judges Emmet Sullivan, Jed Rakoff and Ellen Segal Huvelle
have said the government is far too quick to claim victory in
some of its settlements with bank executives.

* American authorities said Vladislav Horohorin, known as
BadB, headed “one of the most sophisticated organizations of
online financial criminals in the world.”

* Nordstrom Inc (JWN.N: ), the department store shows stock
from both the Web warehouse and its stores all at once, keeping
customers from going elsewhere.

* Swiss pharmaceutical giant Roche Holding AG (ROG.VX: ) has
agreed to pay $25 million now and up to $1.1 billion later to
Aileron Therapeutics of Cambridge, for developing a new type of
drug technology called “stapled peptides.”

* On Monday, Hewlett-Packard Co (HPQ.N: ), the world’s
largest technology company, started a bidding war against its
rival Dell Inc (DELL.O: ) for the rights to 3Par Inc (PAR.N: ), an
11-year-old storage company based in Fremont, California.

* After the Federal Aviation Administration downgraded
Mexico’s safety rating, attention turned to the inconsistencies
in global guidelines.

* TPG, one of the world’s biggest private equity firms,
said Monday that it was teaming up with the Shanghai municipal
government to raise $735 million and create its first fund
denominated entirely in Chinese currency.

* As it reeled from the recall of half a billion eggs for
possible salmonella infection, the American egg industry was
already battling a movement to outlaw its methods as cruel and
unsafe, and adapting to the Obama administration’s drive to
bolster health rules and inspections.

* Copter cash may not yet be among the tools considered by
the Japanese central bank in its quest to lift the country out
of a long deflationary slump. But pressure is mounting on the
Bank of Japan for more drastic action.

* The chic retailer Barneys New York, which has been
through a turbulent period since it was bought three years ago,
announced on Monday that Mark Lee, the former head of the Gucci
brand, would become its chief executive on Sept. 1.

* The eye care unit of Johnson & Johnson (JNJ.N: ) said on
Monday that it was recalling several million disposable soft
contact lenses sold primarily in Japan, but also in five other
countries in Asia and 19 counties in Europe.

* A man charged with selling inside information about
finances at the Walt Disney Co (DIS.N: ) pleaded guilty in
federal court on Monday to wire fraud charges and conspiracy to
commit securities fraud.

* In its single biggest repayment of bailout loans so far,
the American International Group Inc (AIG.N: ) said Monday that
it was paying back more than $3.9 billion in taxpayer aid with
proceeds from a recent debt sale.

* Thomas Hoenig, president of the Federal Reserve Bank of
Kansas City, warned on Monday that landmark financial reforms
may not end market perceptions that taxpayers will rescue the
largest banks, and he cautioned against speculative investments
in housing.

PRESS DIGEST – New York Times business news – Aug 24