PRESS DIGEST- New York Times business news - Oct 31

Reuters

Oct 31 (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.

* While the secretary of health and human servicesapologized profusely for the troubled rollout of the AffordableCare Act, President Obama traveled to Massachusetts to offer aforceful defense of the law. ()

* Advocates of the digital currency bitcoin say it is readyto emerge from its fringe status and become a common method ofretail payment. ()

* The Federal Reserve said it would keep its campaign ofasset purchases and low interest rates intact. The centralbank's statement contained no surprises, and the stock marketbarely budged. ()

* Facebook profits doubled in the third quarter, andthe social network reported that mobile ads now accounted forabout half its advertising revenue. ()

* Unbeknown to Google and Yahoo, theNational Security Agency and its British counterpart have tappedinto the search engines abroad, where data collection faces lessoversight. ()

* PricewaterhouseCoopers said on Wednesday that ithad agreed to buy consulting firm Booz & Company, bolstering itsadvisory business, a chief source of growth for the firm. ()

* Investors now have an opportunity to bet directly ondiamond mining, as the Russian government moves to spin off a 16percent stake in Alrosa. When shares start trading Thursdayafternoon on the Micex stock exchange in Russia, it will providean opening to a long-cloistered and once highly secretivebusiness. ()

* The staff of a U.S. attorney's office plans to recommendthat the Justice Department sue Bank of America over thepackaging and selling of mortgage-related investments before thefinancial crisis of 2008, the firm disclosed in a regulatoryfiling on Wednesday. ()

* The bankruptcy filing by petroleum company OGX was a stunning fall for entrepreneur Eike Batista, who was oncea symbol of Brazil's rapid rise as a global economic power butmore recently has come to represent a Brazilian elite that viewsitself as above the rules that govern the most of the country.()

* The Brixmor Property Group Inc sold more sharesthan it had expected in its initial public offering, reflectingstrong demand from investors for commercial real estate. ()

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