PRESS DIGEST – New York Times business news – Nov 25

Nov 25 (BestGrowthStock) – The following were the top stories in
the New York Times business pages on Thursday. Reuters has not
verified these stories and does not vouch for their accuracy.

* The transformation of Netflix Inc (NFLX.O: ) from a
mail-order business to a technology company is revolutionizing
the way millions of people watch television, but it’s also
proving to be a big headache for TV providers and movie
studios, which increasingly see Netflix as a competitive
threat, even as they sell Netflix their content.

* Blip Toys, a tiny company, suspected there was unmet
demand for affordable, collectible toys. It introduced
Squinkies at 16 for $10, and suddenly it can’t keep up with the
orders from Wal-Mart Stores Inc (WMT.N: ), Target Corp (TGT.N: )
and Toys “R” Us Inc (TOYS.N: ).

* For the government, which owned most of General Motors Co
(GM.N: ), the decision over the public offering price was a
gamble that could define the success or failure of Detroit’s
$50 billion bailout.

* Google Inc (Read more about Google Stock Analysis) (GOOG.O: ) already has a browser named Chrome
and the Android operating system, but it said questions would
be answered when it released a netbook running the Chrome
operating system.

* Federal agents arrested a research firm executive on
charges that he helped hedge funds get inside information,
while a judge ruled that wiretaps could be used against the
founder of the Galleon Group.

* Shoppers trying to determine the fuel efficiency of the
Chevrolet Volt will see a window label that offers multiple
ratings for different driving patterns, General Motors (GM.N: )
said on Wednesday.

* Harbinger, the embattled hedge fund run by Philip Falcone
significantly cut its stake in The New York Times Company to
2.6 percent, the firm disclosed in a regulatory filing.

* Tucked into minutes released this week by the Federal
Reserve was a disclosure that came as a surprise to economists
and historians alike: on Oct. 15, Fed policy makers discussed
whether to set a target for interest rates on certain
government bonds.

* Boeing Co (BA.N: ) said Wednesday that the recent fire on a
787 Dreamliner was probably caused by debris in an electrical
panel. And, as many analysts had speculated, it also announced
that it would delay delivery of the first plane for safety
changes.

* After a contentious debate, the Consumer Product Safety
Commission on Wednesday narrowly approved an outline for a new
database of consumer complaints about potentially dangerous
products.

* After generations of being smothered by a blanket of
marshmallows on Thanksgiving and then forgotten for another 11
months, the irrepressible sweet potato is having its moment.
American farmers expect to harvest a record two billion pounds
of this year.

* The trustee charged with trying to recover money for the
victims of Bernard L. Madoff’s huge Ponzi scheme sued the Swiss
bank UBS AG (UBSN.VX: ) and its affiliates on Wednesday, accusing
it of enabling the fraud.

* Robert B. Daugherty, a Nebraska businessman who helped
transform the rural landscape into a patchwork of circular
fields by popularizing a means of irrigation that used a pipe
on wheels pivoting around a central point, died on Wednesday at
his home in Omaha. He was 88.

* On Tuesday night, HarperCollins said that Gawker — which
posted excerpts of Sarah Palin’s new book before the planned
release — had agreed to keep the material off its Web site for
good, according to a statement from Erin Crum, a spokeswoman
for HarperCollins.

PRESS DIGEST – New York Times business news – Nov 25