PRESS DIGEST – New York Times business news – May 24

May 24 (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.

* About one-third of employers subject to major
requirements of the new health care law may face tax penalties
because they offer health insurance that could be considered
unaffordable to some employees, a new study says.

* Louisiana state and local officials continued to hammer
BP Plc (BP.L: ) and the federal agencies responding to the Gulf
of Mexico oil spill on Sunday, repeatedly threatening to “take
matters into our own hands” if the response fell short.

* India’s estranged billionaire Ambani brothers, who split
the family’s business empire, said on Sunday that they had
ended noncompetition agreements that had been a source of
bitter dispute.

* British Airways Plc’s (BAY.L: ) 12,000 cabin crew began a
five-day strike on Monday, stepping up their protest against
plans to cut staff and wages.

* China will stick to gradual reform of its yuan currency,
President Hu Jintao told the United States at the start of
high-level talks on Monday in which North Korea emerged as a
point of potential contention.

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PRESS DIGEST – New York Times business news – May 24