PRESS DIGEST – New York Times business news – Oct 14

Oct 14 (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.

* On the same day that all 50 state attorneys general
announced that they would investigate foreclosure practices,
JPMorgan Chase & Co (JPM.N: ) became the first big lender to
acknowledge that it had stopped using Mortgage Electronic
Registration Systems, or MERS, for foreclosures.

* Steven Rattner, who oversaw the Obama administration’s
auto-industry overhaul, will accept a ban from the securities
industry and pay a fine of more than $5 million, a person with
knowledge of the talks said.

* The Obama administration, aiming to encourage health
insurance companies to offer child-only policies, said
Wednesday that they could charge higher premiums for coverage
of children with serious medical problems, if state law allowed
it.

* The Obama administration made a gesture of support for
the ethanol industry on Wednesday, with a declaration by the
Environmental Protection Agency that gasoline retailers can
sell fuel blends containing up to 15 percent ethanol for use in
late-model cars.

* Facebook and Microsoft Corp (MSFT.O: ) announced a
partnership on Wednesday that will give the results on
Microsoft’s Bing search engine a social twist – and could help
both companies compete against a common adversary, Google Inc (Read more about Google Stock Analysis)
(GOOG.O: ).

* An investigation by the inspector general of the
Securities and Exchange Commission found no evidence that the
agency’s lawsuit against Goldman Sachs Group Inc (GS.N: ) was
politically motivated or that S.E.C. officials leaked advance
information about the lawsuit to the media.

* As a three-week-long Chinese suspension in exports of
crucial minerals to Japan continues, American and Japanese
trade officials have been considering whether to file cases
against China at the World Trade Organization.

* Tribune Co on Wednesday suspended an executive who sent
out a companywide memo with links to Web parodies featuring
obscene language.

* A Chinese drywall manufacturer facing thousands of
homeowners’ court claims and several other companies have
agreed to pay to repair 300 homes in four states in a pilot
program, a lawyer involved in the deal said on Wednesday.

PRESS DIGEST – New York Times business news – Oct 14