PRESS DIGEST- New York Times business news - Oct 7

Reuters

Oct 7 (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.

* Speaker John Boehner stood his ground on Sunday alongsidethe most conservative Republicans in Congress, insisting thatthe House would not vote to finance and reopen the government orraise the nation's borrowing limit without concessions fromPresident Obama on the healthcare law. ()

* The Federal Reserve will begin circulating a new $100 billon Tuesday with some modern and colorful anti-counterfeitingfeatures, after overcoming problems that postponed its debut formore than two and a half years. ()

* On Monday Nielsen Holdings NV is introducingTwitter TV Ratings, a product announced last year that professesto measure all the activity and reach of Twitter conversationabout shows, even if it has yet to be embraced by televisionexecutives and gain a broad client base. ()

* Ahead of its initial public offering, Twitter must prove it can fend off a younger generation of nimblesocial services that offer clever new ways for people to connectand share. Among these up-and-comers are Snapchat, WhatsApp,Line, Tumblr, Instagram, Pinterest, Kakao and Reddit. ()

* Michael Kors Holdings Ltd had extraordinarysuccess with an initial public offering of his brand nearly twoyears ago, leading other designers to consider the same. OnWednesday, Marc Jacobs announced his departure from LouisVuitton to focus on an initial public offering of his own brand.()

* The largest banks on Wall Street are teaming up to join anetwork that could challenge an important part of Bloomberg'sterminal business. The banks have all signed up for a messagingservice that will be introduced on Monday and will allow financeindustry employees to find and chat with one another quickly. ()

* The auction house Sotheby's announced on Fridaythat its board had adopted a shareholder rights plan, known as apoison pill, that is set off whenever an outsider acquiresownership of 10 percent or more of the company's stock. Thecompany said that the rights will not prevent a takeover, butshould encourage anyone seeking to acquire the company tonegotiate with the board prior to attempting a takeover. ()

* Activist investor Carl Icahn is finally abandoning hisbattle against Dell Inc's sale to its founder MichaelDell. The billionaire investor disclosed on Friday that he isforgoing his right to have the Delaware Court of Chanceryappraise the value of his shares in the computer company. ()

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