PRESS DIGEST- New York Times business news - Nov 26

Reuters

Nov 26 (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.

* Security experts say they believe that government spieshit the big Internet companies at a weak spot - the fiber-opticcables that connect their data centers. ()

* As Walmart enters a fiercely competitive holidayseason while still hampered by sluggish sales, the company'sboard announced on Monday that Michael Duke, its chiefexecutive, would retire early next year and a longtimeexecutive, C. Douglas McMillon, would replace him. ()

* Orrick, Herrington & Sutcliffe and Pillsbury Winthrop ShawPittman were in advanced merger talks that would have createdone of the country's ten largest firms with about 1,700 lawyers.But on Monday, the firms issued a joint statement that the dealwas off. ()

* Chrysler will not move forward with an initial publicoffering until next year at the earliest, giving its parentcompany, Fiat, more time to negotiate the purchase of a41.5 percent stake held by a union health care trust. ()

* One of the top executives at Nasdaq OMX, EricNoll, is leaving the company to lead the brokerage firmConvergEx Group. ()

* Patients injured by a flawed hip implant sold by Johnson &Johnson have directed their anger at myriad places overthe years. The regulatory system that allowed the product'ssale. The company that repeatedly denied problems with thedevice. Even the doctors who implanted the hips. Now, somepatients have found a new target for their ire: the legal systemand the lawyers they hired to sue Johnson & Johnson. ()

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