PRESS DIGEST- New York Times business news - Oct 14

Reuters

Oct 14 (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.

* The fiscal problems of the United States dominatedmeetings of the World Bank and the International Monetary Fundin Washington this weekend. Leaders on Sunday pleaded, warnedand cajoled: the United States must raise its debt ceiling andreopen its government or risk "massive disruption the worldover", as IMF Chief Christine Lagarde, put it. ()

* With a possible default on government obligations justdays away, Senate Democratic leaders - believing they have apolitical advantage in the continuing fiscal impasse - refusedSunday to sign on to any deal that reopens the government butlocks in budget cuts for next year. ()

* To help ward off corporate data breaches, Lookout Inc isusing its app to slip under the door of enterprises via theemployees who regularly bring their personal devices to work.Lookout is among a handful of tech companies trying tocapitalize on the bring-your-own-device phenomenon that peoplein charge of securing corporate networks say has become theirbiggest headache. ()

* A program in Oakland that will collect and analyze reamsof surveillance data from around town is one of the latest andmost contentious examples of cities using big data technology,and federal dollars, for routine law enforcement. ()

* After shedding outside holdings, the New York TimesCompany this week will introduce the International New YorkTimes and, later, new subscription, video and consumerinitiatives. ()

* In recent months, as his legal troubles have deepened,billionaire hedge fund manager Steven Cohen has sold stocks tomeet withdrawal requests from skittish investors. In addition tostocks, Cohen is selling significant works of art from hiscelebrated collection. ()

* Wells Fargo & Co and JPMorgan Chase & Co reported third-quarter results on Friday. Low interest rates arecrimping a major source of bank profits. But higher rates arenot necessarily the answer either - for the banks or theeconomy. ()

* Some doctors and dentists offer older patients a way topay for costly procedures not covered by Medicare, but theplans' high interest rates can strain the finances of people onfixed incomes. ()

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