PRESS DIGEST – New York Times business news – May 25

May 25 (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.

* About 720,000 investors outside the United States who
lost money to the convicted swindler Bernard Madoff have
settled with their banks, receiving about $15.5 billion in all,
according to law firms representing those victims of the fraud.

* The Supreme Court on Monday unanimously rejected a
request from the National Football League that it be granted
broad antitrust immunity on the theory that it is a single
entity rather than a collection of 32 independent teams.

* China and the United States opened three days of
high-level meetings on Monday meant to broaden and deepen the
ties between the world’s largest developed and developing
economies.

* Two top Democratic legislators said Monday that they
would begin a process to modernize telecommunications laws that
were last overhauled in 1996 but barely mention the Internet.

* The Federal Reserve on Monday introduced an online
database listing the terms and conditions of more than 300
credit card issuers to help consumers find a card that best
suits their personal finance needs.

* A Chinese employee of Foxconn Technology Group (2038.HK: )
fell from a building and died Tuesday, state-run media said, in
the 10th such death this year at the world’s largest contract
maker of electronics, such as the iPod, Dell computers and
Nokia phones.

* The European Central Bank said Monday that it had spent
26.5 billion euros buying government or corporate bonds since
it began the debt purchases May 10, an amount that some
analysts still consider inadequate to stabilize the euro zone’s
financial system.

* Hoping to energize its lackluster consumer devices
division, Microsoft Corp (MSFT.O: ) will reorganize parts of its
phone and game unit this week, people familiar with the matter
said.

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PRESS DIGEST – New York Times business news – May 25