PRESS DIGEST – New York Times business news – Sept 13

Sept 13 (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.

* The world’s top bank regulators agreed Sunday on
far-reaching new rules intended to make the global banking
industry safer and protect international economies from future
financial disasters.

* Websites are trying to make search more helpful by
showing what your friends — or other people like you — like.

* This month, the Federal Communications Commission is
likely to approve what could be an even bigger expansion of the
unlicensed airwaves, opening the door to supercharged Wi-Fi
networks that will do away with the need to find a wireless hot
spot and will provide the scaffolding for new applications that
are not yet imagined.

* Chattanooga city-owned utility, EPB, plans to announce on
Monday that by the end of this year it will offer
ultra-high-speed Internet service of up to one gigabit a
second. That is 200 times faster than the average broadband
speed in America.

* Driven to the fringes by blog competitors, Hollywood
Reporter, the five-times-a-week publication is being remade as
a glossy, large-format weekly magazine.

* In a recent poll by TiVo Inc (TIVO.O: ), television viewers
said they were growing tired of reality shows, with 40 percent
calling reality the most overdone genre of programming.

* Several films at the Toronto International Film Festival
offer a brutal assessment of the Wall Street high jinks and
regulatory failings that fed the financial collapse.

* Projects in California and Maine ask people to photograph
and locate dead animals to understand the impact of roads on
the environment.

* Hewlett-Packard Co (HPQ.N: ) is close to a deal to buy
ArcSight Inc (ARST.O: ), a maker of security software, for about
$1.5 billion, a person briefed on the matter said on Sunday, as
the computing giant continues its recent buying spree.

* Hertz Global Holdings Inc (HTZ.N: ) agreed on Sunday to
raise its takeover offer for the Dollar Thrifty Automotive
Group Inc (DTG.N: ) to about $1.43 billion in stock and cash,
trumping a rival offer from the Avis Budget Group Inc (CAR.N: ).

* Pennsylvania is speeding payments of $3.6 million to its
debt-laden capital, Harrisburg, to prevent the city from
defaulting on a general obligation bond, Gov. Edward G. Rendell
said on Sunday.

* In the last year, social networking services have nearly
doubled in popularity among online Americans over 50, while
they made virtually no inroads among those ages 18 to 29,
according to a report published by the Pew Internet and
American Life Project.

* The European Commission is poised this week to back a
plan that would divert a portion of the valuable broadcast
spectrum used by television stations to mobile operators by
2013, in a bid to create an European Union-wide market for
wireless broadband services.

* Greek Prime Minister George Papandreou said Sunday that
the spending cuts and economic reforms that his government has
pushed through since May were “a small revolution,” but added
that much more work was needed to revive the sluggish economy.

* Deutsche Bank (DBKGn.DE: ), the largest bank in Germany by
assets, said Sunday that it planned to raise at least 9.8
billion to buy the rest of Deutsche Postbank, reducing its
reliance on investment banking as tough new bank capital rules
loom.

* Drug maker Roche Holding (ROG.VX: ) has stopped giving
patients its experimental diabetes treatment taspoglutide in
late-stage clinical trials because of a high rate of adverse
reactions, a major blow to a drug once expected to have $2
billion-a-year potential.

PRESS DIGEST – New York Times business news – Sept 13