PRESS DIGEST- New York Times business news - Oct 2

Reuters

Oct 2 (Reuters) - The following are the top stories on theNew York Times business pages. Reuters has not verified thesestories and does not vouch for their accuracy.

* Fielding complaints from borrowers struggling to savetheir homes, New York's top prosecutor is preparing a lawsuitagainst Wells Fargo & Co, accusing the nation's largesthome lender of flouting the terms of a multibillion-dollarsettlement aimed at stanching foreclosure abuses. ()

* Millions of Americans visited new online health insuranceexchanges as enrollment opened on Tuesday, suggesting a broadnational appetite for the affordable coverage that PresidentObama has promised with his healthcare law. But many peoplequickly encountered technological problems that prevented themfrom getting rates, comparing health plans or signing up. ()

* Google Inc must defend itself against accusationsthat it is illegally wiretapping in the course of its everydaybusiness - gathering data about internet users and showing themrelated ads. The accusations, made over several years in variouslawsuits that have been merged into two separate cases, askwhether Google went too far in collecting user data in Gmail andStreet View, its mapping project. ()

* HarperCollins is the latest publisher to try a Netflix -style e-book subscription service, announcing onTuesday that it has struck a deal to make its backlist booksavailable on Scribd, a website for sharing documents and books.()

* Mark Cuban, the billionaire entrepreneur who owns theDallas Mavericks basketball team, is a "righteous man" whosestock trading practices are "inconsistent with someone who'sdone something wrong." Or he's a brazen billionaire whosetrading ran afoul of securities laws. These dueling narrativeswere presented to a jury on Tuesday as the Securities andExchange Commission and Cuban's lawyers delivered openingarguments in his civil insider trading trial. ()

* Federal authorities expect that one of the former JPMorgan Chase & Co employees facing criminal charges inconnection with the bank's multibillion-dollar trading loss inLondon will eventually be extradited to the United States, asenior prosecutor said on Tuesday. ()

* Tesco Corp, the British supermarket chain thatlast month sold off its U.S. businesses, is turning instead toChina. The company said on Wednesday it would pay 4.3 billionHong Kong dollars ($554.6 million) to set up a new Chineseretail joint-venture with a state- run partner. ()

* Shares of Empire State Realty Trust Inc, whose officeproperties include the iconic 102-story Art Deco tower, raised$929.5 million on Tuesday in one of the largest initial publicofferings of a United States real estate investment trust. The71.5 million shares were priced at $13 each, at the low end ofthe expected range. The REIT will trade under the symbol ESRT onthe New York Stock Exchange. ()

* A federal judge has denied a request by two AmericanIndian tribes to stop New York State's top financial regulatorfrom cracking down on their online lending businesses. Thetribes had argued that Benjamin Lawsky, superintendent of thestate's Department of Financial Services, overstepped hisjurisdictional bounds in trying to regulate business activitytaking place on Indian reservations in Oklahoma and Michigan. ()

* Fabrice Tourre, the former Goldman Sachs Group Inc trader, has asked a federal judge to give him a new trial - orthrow out the charges against him. Tourre was accused ofmisleading a small group of investors about the role of thehedge fund Paulson & Co in a 2007 trade he helped structure.Paulson & Co made about $1 billion on the trade while otherslost big. ()

* Herschend Family Entertainment, a private group thatoperates Dolly Parton's Dollywood theme parks among otherquintessentially American attractions, agreed to buy theacrobatic basketball troupe from Shamrock Capital Advisors, aprivate equity firm based in Los Angeles. Terms of the deal werenot disclosed. ()

* Carl Icahn, the billionaire activist hedge fund managerwith a penchant for rattling corporate boards, is poised tofight his next battle over Apple Inc on Twitter. Icahnsaid on Tuesday that he "pushed hard" during a "cordial dinnerwith Tim last night" for Apple to do a $150 billion stockbuyback. ()

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