PRESS DIGEST – New York Times business news – June 7

June 7 (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.

* As Congressional negotiators begin this week to merge two
bills overhauling the financial system, the White House wants
them to reach an agreement before President Obama leaves for a
Group of 20 meeting this month in Toronto.

* Boeing Co (BA.N: ) plans to announce on Monday that it will
enter the bidding to build a fleet of presidential helicopters,
adding a major new player to a project the Pentagon is trying
to revive after President Obama criticized it last year as
contracting “gone amok.”

* A cap placed over a ruptured well spewing oil into the
Gulf of Mexico is capturing about 10,000 barrels a day,
indicating engineers are making some progress in stanching the
flow, Adm. Thad W. Allen of the Coast Guard, who is commanding
the federal response to the disaster, said Sunday.

* Reliance Communications (RLCM.BO: ), one of the largest
mobile-phone providers in India, with 106 million subscribers,
plans to sell a 26 percent stake to raise cash to cover costs
that include $1.8 billion for licenses for high-speed data
services.

* Grifols (GRLS.MC: ), a big Spanish pharmaceutical company,
is near a deal to buy Talecris Biotherapeutics (TLCR.O: ), an
American biotech firm partly owned by Cerberus Capital
Management, for more than $3 billion, according to a person
briefed on the matter.

* The Australian authorities announced an investigation
Sunday into whether Google Inc (Read more about Google Stock Analysis) (GOOG.O: ) had illegally collected
private information from wireless networks, becoming at least
the second country to examine the Internet giant’s Street View
mapping service.

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PRESS DIGEST – New York Times business news – June 7