PRESS DIGEST- New York Times business news - Oct 3

Reuters

Oct 3 (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.

* Facebook Inc and Twitter both see the socialconversation around television as a way to increase use of theirsites and win a bigger piece of advertisers spending, whicheMarketer estimates will be $171 billion across all types ofmedia this year in the United States. ()

* In their first meeting since a budget impasse shutteredmany federal operations, President Obama told Republican leaderson Wednesday that he would negotiate with them only after theyagreed to the funding needed to reopen the government and alsoto an essential increase in the nation's debt limit, withoutadd-ons. ()

* Federal and state officials moved Wednesday to strengthenthe computer underpinnings of the new online health exchanges,which proved inadequate to handle a flood of consumer inquiriesthat began as soon as the system opened on Tuesday and continuedinto the next day. ()

* Cerberus Capital Management LP is seeking aconfidentiality agreement that would allow it to examine thebooks and internal operations of BlackBerry Ltd, aperson briefed on Cerberus's plans said on Wednesday. ()

* Clean Energy Fuels Corp will announce on Thursdaythat it has started selling a transportation fuel made byconverting methane, a byproduct of decomposing organic matter,from landfills and other waste sources. The fuel will beavailable at more than 40 filling stations in California. CleanEnergy Fuels, backed by T. Boone Pickens, is developing anationwide network of natural gas pumps and plans to introducethe fuel elsewhere as well. ()

* Activist investor Daniel Loeb said on Wednesday that hewanted to join the board of the auction house Sotheby's and called for the chief executive to step down. ()

* Boutique investment bank Greenhill & Co has openedan office in Brazil and hired the former Goldman Sachs Group Inc executive Daniel Wainstein to run it, a move that comesas several Wall Street players have been retrenching amidBrazil's economic woes. ()

* Three portfolio managers with an SAC Capital Advisors unitin London have left the firm, according to documents filed witha British agency that tracks corporate registrations. AlidodShirinbekov, Woei Chan and Paul Crouch left the firm's SACGlobal Investors unit in London on Sept. 26, according tofilings with the agency, the Companies House. ()

* Vernon Hill II shook up American retail banking more thana decade ago, and now he's bringing the same model to Britain.In central London, at the flagship branch of his three-year-oldbanking startup, Metro Bank, eager young tellers greet waitingcustomers as soon as they enter, directing them to plush leathercouches. ()

* Fashion designer Marc Jacobs is leaving Louis Vuitton tofocus on his own label and prepare it for an initial publicoffering, Louis Vuitton Chief Executive Michael Burke saidWednesday, ending the 16-year tenure of the highest profileAmerican designer at the helm of a major European fashionhouse.()

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