PRESS DIGEST – New York Times business news – Jan 26

Jan 26 (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.

* Apple Inc (Read more about Apple stock future.) (AAPL.O: ) is expected to market its tablet
computer not just as a way to read news, books and other
material, but also as a way for companies to charge for

* CBS is cutting deals with stations to distribute new
shows, like Nancy Grace’s, that it hopes will help fill the
void when Oprah Winfrey moves to cable.

* The Federal Reserve committee that sets the nation’s
monetary policy will begin its first meeting of 2010 on Tuesday
with a critical question hanging in the air: how the Fed’s
chairman, Ben Bernanke, will emerge from the bruising fight
over his nomination to a second four-year term.

* U.S. President Barack Obama will call for a three-year
freeze in spending on many domestic programs, and for increases
no greater than inflation after that, an initiative intended to
signal his seriousness about cutting the budget deficit,
administration officials said Monday.

* Ending a yearlong investigation, the Justice Department
on Monday announced its conditions for accepting a proposed
merger between Ticketmaster Entertainment (TKTM.O: ) and Live
Nation (LYV.N: ), a deal that could significantly remake the live
entertainment business by combining touring, management and
ticketing into one company.

* British Airways Plc (BAY.L: ) began Monday to teach
employee volunteers, including engineers and pilots, how to
serve meals, conduct safety demonstrations and sell duty-free
goods on a flight if the attendants walk off the job.

* China delivered a bristling response on Monday to the
United States’ demand that it investigate recent attacks on
American computers from Chinese soil, saying that any
suggestion that it conducted or condoned the hackers’
intrusions was “groundless and aims to denigrate China.”

* U.S. President Barack Obama vowed on Monday to “reverse
the overall erosion in middle class security” as he stepped up
his efforts to reconnect with Americans suffering from a weak
economy and high unemployment.

* The European Commission said Monday that it had opened an
antitrust investigation into a joint venture proposed by BHP
Billiton (BHP.AX: ) and Rio Tinto (RIO.AX: ) that steel makers
argue would stifle competition and raise the prices of iron

* Texas Instruments (TXN.N: ) on Monday posted a quarterly
profit at the top end of its target range and the chip maker
said there was strong demand in all its product areas and
markets, including Europe and the Americas.

* Ericsson (ERICb.ST: ), the world’s biggest maker of
mobile-phone networking equipment, said on Monday its
fourth-quarter profit (Read more your timing to make a profit.) fell 82 percent last year and that it
planned to cut 1,500 jobs this year, mostly in Sweden, after
eliminating 5,000 last year.

* Home sales plunged more than expected in December,
raising fresh questions about whether the housing market can
function without ample government assistance.

* Federal regulators have approved Medtronic Inc’s (MDT.N: )
minimally invasive heart valve, the first replacement valve
that can be implanted via a catheter rather than open-heart

* Liberty Global (LBTYA.O: ), the U.S.-based communications
company controlled by John Malone, said Monday that it would
sell its stake in Jupiter Telecommunications of Japan (4817.Q: )
to KDDI Corp (9433.T: ), a Japanese wireless operator, for $4

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PRESS DIGEST – New York Times business news – Jan 26