PRESS DIGEST – New York Times business news – May 17

May 17 (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.

* After a brief respite following the announcement last
week of a nearly $1 trillion bailout plan for Europe, fear in
the financial markets is building again, this time over worries
that the Continent’s biggest banks face strains that will
hobble European economies.

* In the last decade, a surge of music and movie sharing
online in Spain has thrilled fans, but it has also increased
pressure from as far away as Hollywood to clamp down. Spanish
lawmakers are expected to vote this year on a measure that
would allow the swift closing of sites suspected of
facilitating file-sharing.

* On Wednesday, Neelie Kroes, the new European commissioner
for the digital agenda, plans to introduce a five-year plan for
the telecommunications industry in Europe, encompassing issues
like digital copyright, data protection, net neutrality and

* After a two-month battle, OSI Pharmaceuticals (OSIP.O: )
said Sunday that it had agreed to sell itself to Astellas
Pharma (4503.T: ) of Japan for $4 billion in cash, after its
suitor raised its takeover offer.

* Universal Health Services Inc (UHS.N: ) has signed a deal
to buy Psychiatric Solutions Inc (PSYS.O: ), one of the nation’s
biggest operators of mental health clinics, people briefed on
the matter said on Sunday. Universal Health is said to be
paying about $2 billion in cash, or about $33.75 a share.

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PRESS DIGEST – New York Times business news – May 17