PRESS DIGEST- New York Times business news - Oct 11


Oct 11 (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.

* President Obama and House Republicans failed to reach anagreement on a six-week extension of the nation's borrowingauthority during a meeting on Thursday, but the two sides kepttalking, and the offer from politically besieged Republicans wasseen as an initial step toward ending the budget standoff. ()

* In the exchanges created by the Affordable Care Act, BlueCross and Blue Shield plans offer name recognition and priceadvantages. Blue Cross and Blue Shield plans have typically beenthe largest insurers providing coverage primarily to individualsand small businesses, and they remain a staple on the newexchanges. What is not yet clear is whether the Blues plans areoffering low prices to gain customers, only to raise prices inlater years. ()

* With enthusiastic backing from state officials and anestimated seven million uninsured, California is a crucialtesting ground for the success of President Obama's health carelaw. California is building the country's largest state-runhealth insurance exchange and has already expanded Medicaidcoverage for the poor. ()

* A lawsuit accuses Warner Brothers of stealing thescreenplay of its 2012 movie "Trouble With the Curve" and ofmanufacturing evidence in their defense. In an unusually sharpresponse to a lawsuit filed last week, the studio publiclycalled the accusations of script theft "reckless and false". ()

* Carmen Segarra, a former bank examiner for the New YorkFederal Reserve, claims in a suit that she was fired by the Fedfor refusing to back down on a plan to downgrade Goldman SachsGroup Inc for its conflict-of-interest policy. ()

* Investors embraced signs of a political compromise thatcould avert a default on government debt, sending stocks surgingon Thursday, but the air quickly went out of Wall Street'sballoon after it remained clear that a deal was not yet at hand.()

* The two men who founded the company that became BlackBerryLtd may now try to save it. In a regulatory filing onThursday, Mike Lazaridis and Douglas Fregin said that they wereconsidering a bid for the 92 percent of the company that they donot own. They also said they had hired Goldman Sachs Group Inc and Centerview Partners as advisers. ()

* The Securities and Exchange Commission says that Rodrigoand Michel Terpins acted on inside information about the H.J.Heinz Co takeover to turn $90,000 into $1.8 million.After receiving a confidential tip that the Heinz deal waslooming, Michel Terpins alerted his brother, who then served asthe trader, the SEC said. The Terpins brothers routed theirtrades through a Goldman Sachs account in Zurich, where lawslargely shield the account holder's identity. ()

* The Delaware Supreme Court on Thursday unanimouslyreversed a lower court ruling on Activision Blizzard Inc's move to buy back most of Vivendi SA stake inthe video game maker for $8.2 billion, letting the transactionmove forward. The deal is now expected to close next week. ()

* A jury in Los Angeles cleared Toyota Motor Corp of fault on Thursday in a fatal 2009 accident in which a66-year-old woman crashed her Camry. The case is the first ofabout 85 personal injury and wrongful death lawsuits broughtagainst Toyota in the California state court because ofcomplaints related to sudden, unintended acceleration and theresulting wave of recalls in 2009 and 2010. ()

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