PRESS DIGEST- New York Times business news - Oct 30

Oct 30 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.


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


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


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


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


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


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


* LinkedIn announced strong user growth and better-than-expected third-quarter revenue on Tuesday, but issued a conservative revenue forecast for the fourth quarter and the 2013 fiscal year. ()

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


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


* Infosys, the giant Indian technology outsourcing company, has agreed to pay $34 million in a civil settlement after federal prosecutors in Texas found it had committed "systemic visa fraud and abuse" when bringing temporary workers from India for jobs in American businesses, according to court documents and officials familiar with the case. ()