PRESS DIGEST – New York Times business news – May 3

May 3 (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.

* UAL Corp’s (UAUA.O: ) United Airlines and Continental
Airlines Inc (CAL.N: ) agreed Sunday to a $3 billion merger that
would create the world’s biggest airline, according to people
briefed on the negotiations.

* Greece announced on Sunday that it had reached agreement
on a long-delayed financial rescue package that would require
years of painful belt-tightening, but the deal might not be
enough to stop the spread of economic contagion to other
European countries with mounting debts and troubled economies.

* The mobile-video audience is tiny, but TV and film
companies foresee an increasingly wireless world — and don’t
want to be left out of the picture

* Betaworks, a New York City technology firm known for its
eye for emerging Web services, has fostered some big hits,
like TweetDeck and Bit.ly, but it is trying to grow carefully,
with a symbiotic group of companies.

* Top executives at the country’s largest media companies
continued to reel in multimillion-dollar pay packages in 2009,
a year of widespread cost-cutting throughout the industry. In
several cases, the packages even increased from the year
before.

* As Democrats close in on their goal of overhauling the
nation’s financial regulations, several prominent experts say
that the legislation does not even address the right problems,
leaving the financial system vulnerable to another major
crisis.

* NBC had for several years been contracting, part of a
stated strategy to rewrite the financial rules of television.
Last spring, the network ordered only 10 pilots for new series;
this year, it almost doubled that number.

* The documentary “South of the Border” is about to start a
tour of South America, where a handful of presidents are
planning to attend premieres.

* In Albany, Syracuse, Rochester and other areas of upstate
New York, Time Warner Cable Inc’s (TWC.N: ) disparate local news
channels all have a new name: Your News Now.

* After the Indian Premier League, a 20-team tournament
that turns staid cricket into something fast-paced and
glamorous, Google Inc (Read more about Google Stock Analysis) (GOOG.O: ) is shopping for other events to
show on YouTube in real time, a plan that could shake up the
sports broadcasting world.

* Researchers at VeriSign Inc’s (VRSN.O: ) iDefense division
tracking the digital underworld say bogus and stolen accounts
on the Facebook are now on sale in high volume on the black
market.

* The months-long upheaval at The Washington Times, the
struggling paper owned by News World Communications, is
continuing, as the owners of the conservative newspaper have
put it up for sale.

* With the majority of Internet traffic expected to shift
to congestion-prone mobile networks, there is growing debate on
both sides of the Atlantic about whether operators of the
networks should be allowed to treat Web users differently,
based on the users’ consumption.

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PRESS DIGEST – New York Times business news – May 3