PRESS DIGEST- New York Times business news - Nov 14

Reuters

Nov 14 (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.

* A contract between JPMorgan Chase and a consultingfirm run by the daughter of the former prime minister points tothe bank's strategy to build its influence in China. ()

* Snapchat, a social media service based in Venice Beach,California, has become one of the most sought-after businessesin the technology industry. ()

* Janet L. Yellen, President Obama's choice to lead theFederal Reserve for the next four years, plans to tell senatorsat her confirmation hearing on Thursday that continuing theFed's enormous stimulus campaign is the best way to revive theeconomy and hasten the program's end. ()

* Just over 106,000 people picked health plans in the firstmonth of open enrollment through the state and federal insurancemarketplaces established by the Affordable Care Act, PresidentObama's health secretary said Wednesday, a fraction of theadministration's initial estimate for enrollment during thatperiod. ()

* The race for consumers' dollars has prodded more retailersto open their doors on Thanksgiving, a day before thetraditional start of the holiday season. ()

* On Thursday IBM will announce that Watson, thecomputing system that beat all the humans on "Jeopardy!" twoyears ago, will be available in a form more than twice aspowerful via the Internet. ()

* Online real estate brokerage Redfin has raised $50 millionin a new round of mezzanine capital, led by Tiger GlobalManagement and T. Rowe Price. Five existing investors, includingGreylock Partners and DFJ Venture Capital, also participated. ()

* JPMorgan called off a question-and-answer sessionwith James Lee, its vice chairman and top deal maker, afterTwitter users complied with its request for querieswith a stream of ribald questions and hostile jokes. ()

* A Brazilian tour operator backed by the Carlyle Group could raise as much as 1 billion reais ($428 million) forits existing shareholders through a planned offering. ()

* Goldman Sachs has promoted 280 executives to managingdirector, one step down from the brass ring of partner.Promotions are up 5 percent over last year, when the firm named266 employees managing director. ()

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