PRESS DIGEST – New York Times business news – Oct 26

Oct 26 (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.

* Sprint Nextel Corp (S.N: ) is preparing to make a decision
on buying $3 billion in advanced wireless equipment, and
China’s Huawei Technologies [HWT.UL] is considered to be a
front-runner for the deal. But security concerns make
telecommunications a particularly delicate industry in the
U.S., and even the hint of a Huawei deal with Sprint has
generated worries in Washington.

* The U.S. Treasury Department concealed $40 billion in
likely taxpayer losses on the bailout of American International
Group (AIG.N: ) earlier this month, when it abandoned its usual
method for valuing investments, according to a report by the
special inspector general for the Troubled Asset Relief
Program.

* Investors are betting that inflation will rise to a level
that more than compensates for the premium they paid initially
for five-year Treasuries.

* Todd Combs, until now a little-known hedge fund manager,
rises to prominence and figures in succession talks at
Berkshire Hathaway Inc (BRKa.N: ).

* UBS (UBSN.VX: ), the European bank that was hit hardest by
the financial crisis, took another step in its turnaround
Tuesday as it reported a third-quarter profit (Read more your timing to make a profit.) that beat
expectations and said the two-year flow of cash out of its
private bank had finally stopped.

* Dual-mission companies have sprouted over the last decade
as a means of addressing the financing difficulties faced by
many nonprofit groups, particularly as they need capital to
expand. But sometimes the business unit falters and cannot
support the nonprofit.

* The federal government announced the first national
emissions and fuel economy standards for heavy vehicles, one of
a series of regulatory steps that the Obama administration is
taking to increase energy efficiency and reduce atmospheric
pollution in the absence of Congressional action on climate
change.

* Even as banks, borrowers and regulators battle over how
much faulty documentation by lenders should impede
foreclosures, fresh evidence came Monday that the housing
market remained very wobbly. A report showed that the number of
delinquent homeowners who had tried and failed to get a new
loan significantly exceeded the number who had succeeded.

* The 35 million hotel reviews posted on TripAdvisor reveal
everything from snooty staff to filthy toilets, and sometimes
the reviewer’s overly picky standards. But as TripAdvisor’s
influence grows, hotels are increasingly concerned about damage
from inflammatory claims in reviews.

PRESS DIGEST – New York Times business news – Oct 26