PRESS DIGEST-New York Times business news - April 4

Thu Apr 4, 2013 2:51am EDT
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April 4 (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.

* The International Monetary Fund said on Wednesday that it would contribute 1 billion euros ($1.28 billion), or about 10 percent, of a bailout package for Cyprus but stipulated that the country would need to take tough measures to overhaul its beleaguered economy. ()

* In a ruling on Tuesday, U.S. Judge Jed Rakoff dismissed claims from Dexia SA, a Belgian-French bank that had sued JPMorgan Chase & Co over losses on $1.6 billion in 65 residential mortgage investments, according to court documents. ()

* Private consultants and U.S. federal regulators are facing a fresh round of scrutiny in Washington after botching a broad review of foreclosures and failing to thwart financial misdeeds. ()

* Monsanto Co, the world's largest seed company, raised its full-year profit forecast on Wednesday after reporting better-than-expected earnings in its second quarter, driven by strength in its global corn and herbicide businesses. ()   Continued...