PRESS DIGEST- New York Times business news - Oct 30

Reuters

Oct 30 (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.

* Twitter, which has been built around 140-charactersnippets of text since its founding in 2006, has added photo andvideo previews to the feed of items that users see when they logonto the service from the Web or mobile applications. ()

* When Brian Sozzi, the Chief Executive of Belus CapitalAdvisors, visited Sears locations in New York and NewJersey this month, he said, he found barren shelves, haphazarddisplays and badly stained carpets. Also missing: customers.()

* The Senate voted unanimously to confirm President Obama'stwo picks for the Federal Communications Commission, Tom Wheeleras chairman and Michael O'Rielly as a commissioner. ()

* Samsung recorded its highest share ofsmartphone shipments to date in the third quarter, while Apple showed more modest gains, according to a new reportfrom Strategy Analytics. ()

* The White House has long been aware in general terms ofthe National Security Agency's overseas eavesdropping, thenation's top spymaster told a House hearing on Tuesday. ()

* The CBS Corp is developing a 24-hour news channelthat would be streamed online and would mainly repurpose videoand reporting already produced by CBS News, according toexecutives involved in the planning. ()

* LinkedIn announced strong user growth andbetter-than-expected third-quarter revenue on Tuesday, butissued a conservative revenue forecast for the fourth quarterand the 2013 fiscal year. ()

* After months of wrangling and tough negotiating, Dell Inc is finally going private. The computer company said onTuesday that its $24.9 billion sale to its founder, MichaelDell, and the investment firm Silver Lake had closed. ()

* Nextdoor, a social network for neighbors, is moving intoelite territory. The San Francisco startup announced a $60million investment on Tuesday, led by Kleiner Perkins Caufield &Byers and Tiger Global Management, two prominent venture capitalfirms. ()

* Infosys, the giant Indian technology outsourcingcompany, has agreed to pay $34 million in a civil settlementafter federal prosecutors in Texas found it had committed"systemic visa fraud and abuse" when bringing temporary workersfrom India for jobs in American businesses, according to courtdocuments and officials familiar with the case. ()

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