PRESS DIGEST- New York Times business news - Feb 9

Feb 9 (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.

- Quality Control Music, the Atlanta rap label that is one of the hottest hit machines in contemporary music, has been acquired by Hybe America, a company led by the executive and talent manager Scooter Braun, in one of the most closely watched deals in the music business.

- Twitter users around the world reported that they could no longer post messages or send messages to one another on Wednesday, the latest in a series of glitches at the social media service owned by Elon Musk.

- As part of the restructuring, Disney expects to cut costs by $5.5 billion and eliminate roughly 7,000 jobs, or about 4% of its global total, Chief Executive Officer Robert A. Iger said on Wednesday.

- American intelligence agencies have assessed that China's spy balloon program is part of a global surveillance effort that is designed to collect information on the military capabilities of countries around the world, according to three American officials. (Compiled by Bengaluru newsroom)