PRESS DIGEST – New York Times business news – Nov 29

Nov 29 (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.

* For the magazine business, 2011 will be a year to watch
— and not just because it could hold answers to lingering
questions about the financial health of the industry. Next year
will be the first in a decade and a half that the four largest
American magazine companies will all have new leaders, making
it possible to judge whether the recent troubles in publishing
can be addressed by changes in the executive suite.

* Google Inc (Read more about Google Stock Analysis) (GOOG.O: ), which only 12 years ago was a
scrappy start-up in a garage, now finds itself viewed in
Silicon Valley as the big, lumbering incumbent. Inside the
company some of its best engineers are chafing under the
growing bureaucracy and are leaving to start or work at
smaller, nimbler companies.

* More Americans went shopping over the Thanksgiving
weekend than in recent memory, and online shopping accounted
for the highest percentage of the weekend’s sales yet. The
average amount spent per person from Thursday to Sunday was
about $365, more than a 6 percent increase over last year,
according to a survey of about 4,300 Americans by the National
Retail Federation, a trade group that reported results on
Sunday afternoon.

* Fighting to prevent an accelerating debt crisis from
engulfing Portugal and Spain, Europe’s finance ministers
approved an 85 billion euro bailout package for Ireland, while
also agreeing for the first time to hold private investors
accountable for losses in future crises, beginning in 2013.

* A strategy to expand PayPal, the online payment service,
to retailers outside of eBay Inc’s (EBAY.O: ) auction business is
paying off handsomely.

* Food trucks selling things like falafels and waffles have
grown in popularity in cities like New York, Los Angeles and
San Francisco, and advertisers now see them as a vehicle for
delivering their message directly to consumers.

* Financial transfers done by mobile phone are filling a
gap in countries whose poorer citizens often lack access to
traditional banks.

PRESS DIGEST – New York Times business news – Nov 29