PRESS DIGEST- Financial Times - Oct 9

Reuters

Oct 9 (Reuters) - The following are the top stories in theFinancial Times. Reuters has not verified these stories and doesnot vouch for their accuracy.

Headlines

IMF drops criticism of Osborne austerity

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US drone market comes under fire as it tries to take off

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Alitalia crisis talks as cash-crunch looms

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Prosecutors give SAC settlement ultimatum

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Royal Mail brings back spirit of the '80s

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UK press regulation decision delayed in attempt to reachaccord

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Obama declines to veto Samsung import ban

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E-cigarettes exhale sigh of relief on EU regulation

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Overview

The International Monetary Fund revised up UK growthforecast more than any other leading economy and dropped itscriticism of the UK government's austerity program.

The U.S. unmanned aircraft industry which was hoping tobenefit from the domestic commercial sector is facing a backlashas scores of U.S. states have privacy concerns ahead of 2015,when the commercial airspace opens up for the dronemanufacturers.

Alitalia, Italy's national airlines faces a cashcrunch with a major creditor threatening to cut off fuel, evenas the government attempted to keep the airline afloat.

Hedge fund SAC Capital was given until November by the U.S.prosecutors to resolve criminal charges or risk paying more than1.8 billion.

The privitisation of Royal Mail is set to becomeone of the biggest state sell-offs since the British Telecom andBritish Gas in the 1980s.

A regulatory framework for the British press was postponedtill the end of the month after parliament and industry seemedset to fail at arriving at a compromise.

Several of Samsung smartphones are likely to bestop being sold in U.S. after President Obama decided againstvetoing the ban, despite using a veto for lifting a similar banof Apple inc products earlier.

European Parliament declined to impose stringent regulationson the electronic cigarette industry bringing relief to therapidly growing industry.

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