PRESS DIGEST- New York Times business news - Jan 31
Jan 31 (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.
- United Parcel Service plans to cut about 12,000 jobs this year as the company tries to slash costs in the face of falling package volumes and higher wages linked to a union contract it signed in the summer.
- Elon Musk, the chief executive of Tesla, suffered a stunning rebuke on Tuesday when a Delaware judge voided the pay package that helped make him a billionaire many times over and the world's wealthiest human being.
- New York State's attorney general sued Citi on Tuesday, accusing it of failing to stop scammers from stealing an unspecified amount of money from customer accounts, and saying the bank should reimburse fraud victims for any losses.
- The talent agency WME announced a partnership with the technology firm Vermillio on Tuesday that it hopes will protect its clients from having their likenesses misused through artificial intelligence technology. (Compiled by Bengaluru newsroom)
