PRESS DIGEST- New York Times business news - Nov 1


Nov 1 (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.

* Google has spent months and millions of dollarsencrypting email, search queries and other information flowingamong its data centers worldwide. Facebook's chiefexecutive said at a conference this fall that the government"blew it." And though it has not been announced publicly,Twitter plans to set up new types of encryption to protectmessages from snoops. ()

* In an announcement at the company's office on Thursday,Google showed off an updated version of its Android mobileoperating system, called "KitKat 4.4," that can search forinformation both on the web and some smartphone apps. ()

* Now that new insurance marketplaces are opening under theAffordable Care Act, insurance companies are canceling millionsof individual plans that fail to meet minimum standards. ()

* Time Warner Cable lost 306,000 televisionsubscribers in the third quarter, hurt by a contract disputethat resulted in a blackout of CBS programming. ()

* Rebuffing a strategy of diversification, the venturecapital firm XPV Capital believes it can find success bydeveloping expertise in one area. ()

* Riding a surge in demand for new fuel-efficient planes,Boeing said on Thursday that it would increase productionof its top-selling 737 jets to 47 a month by 2017, from 38 now.()

* The Container Store has raised $225 million in itsinitial public offering, after demand from potentialshareholders prompted the company to seek even more in itsmarket debut. ()

* A majority of Oracle shareholders demonstratedtheir opposition to the compensation of chief executive LawrenceEllison on Thursday, voting against a non-binding resolution onthe company's pay practices. ()

* Citigroup's financial strategy and solutions grouptakes stock of the growing wave of shareholder activism, andconcludes that what was once primarily an American phenomenon isspreading abroad. ()

* Fannie Mae sued nine of the world's largest banks onThursday, accusing them of colluding to manipulate interestrates and seeking more than $800 million of damages. In acomplaint filed in Federal District Court in Manhattan, FannieMae, the government-controlled mortgage company, accused thebanks of conspiring for many years to suppress the Libor,including during the 2008 financial crisis. ()

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