PRESS DIGEST – New York Times business news – Sept 8

Sept 8 (BestGrowthStock) – The following were the top stories in
The New York Times business pages on Wednesday. Reuters has not
verified these stories and does not vouch for their accuracy.

* Amazon.com Inc (AMZN.O: ) is trying to get manufacturers to
make packages easier to open, hoping to reduce consumer “wrap
rage.”

* Bedbugs are showing up in commercial settings, creating a
bonanza for companies that deal with the scourge.

* Hewlett-Packard Co (HPQ.N: ) filed a lawsuit in the
Superior Court of California in Santa Clara against Mr. Hurd.
The suit accused Mr. Hurd of violating his severance agreement
to protect H.P.’s confidential information by taking a job as
co-president of Oracle Corp (ORCL.O: ), an H.P. rival and
partner.

* U.S. President Obama on Wednesday will make clear that he
opposes any compromise that would extend the Bush-era tax cuts
for the wealthy beyond this year, officials said, adding a
populist twist to an election-season economic package that is
otherwise designed to entice support from big businesses and
their Republican allies.

* Britain’s chancellor of the Exchequer, George Osborne, on
Tuesday endorsed a variety of new watchdog agencies to
supervise financial activities across the European Union.

* Robert E. Diamond Jr., Barclays’ (BARC.L: ) president, will
succeed John Varley as chief executive, as the bank seeks to
continue to grow rapidly amid tougher competition.

* Medical groups that perform heart bypass surgery are now
being rated alongside cars and toaster ovens in Consumer
Reports.

* Aiming to reduce noxious fumes in one of the most densely
populated parts of Asia, the Danish shipping giant Maersk Line
said Tuesday that its ships would switch to low-sulfur fuel
when at berth in Hong Kong — a move it hopes will help quicken
regulation in Asia.

* In his first State of the Union speech, Jose Manuel
Barroso, the European Commission president, called Tuesday for
the creation of bonds to initiate infrastructure projects and
tackle unemployment.

* Stephen K. Green is stepping down as chairman of HSBC
(HSBA.L: ) to join the British government as minister for trade
and investment, the bank said Tuesday.

* The Bank of Japan stood pat on monetary policy on Tuesday
but vowed timely action when needed, setting the stage for
possible easing next month when it has clarity on political
leadership and the strong yen’s damage to the slowing economy.

* De La Rue (DLAR.L: ), which helps make paper currency for
150 countries, said Tuesday that the British authorities had
been called in to investigate “deliberately falsified” tests on
paper used to make bank notes.

* Securities firms worldwide will cut as many as 80,000
jobs in the next 18 months as revenue growth begins to slow,
said Meredith Whitney, a former analyst at Oppenheimer &
Company who now runs her own firm.

* Bristol-Myers Squibb Co (BMY.N: ) said Tuesday it had
agreed to acquire ZymoGenetics Inc (ZGEN.O: ), the maker of a
hepatitis C drug the companies were jointly developing, for
$885 million.

* Vodafone Group Plc (VOD.L: ) is selling its 3.2 percent
stake in China Mobile Ltd (0941.HK: ) for about $6.6 billion.

* Federal regulators are examining certain practices
involving “quote stuffing,” where large numbers of rapid-fire
stock orders are placed and canceled almost immediately, the
chairwoman of the Securities and Exchange Commission, Mary L.
Schapiro, said on Tuesday.

PRESS DIGEST – New York Times business news – Sept 8