PRESS DIGEST- New York Times business news - Nov 8

Fri Nov 8, 2013 12:03am EST
 
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Nov 8 (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 Royal Bank of Scotland agreed on Thursday to pay the U.S. Securities and Exchange Commission $153.7 million to settle charges that it misled investors into buying a risky mortgage-backed security offering, the latest move in a crackdown on mortgage practices that fueled the financial crisis. ()

* Twitter reached a valuation of $31.7 billion as it began trading on the New York Stock Exchange on Thursday, a figure the company will have to justify by showing a profit sooner rather than later. ()

* Federal safety investigators said they would review an accident in Tennessee in which a Tesla Model S caught fire, the third such fire in recent weeks. ()

* Dylan Davies, a security officer hired to help protect the United States Special Mission in Benghazi, Libya, gave the FBI an account of the night that terrorists attacked the mission on Sept. 11, 2012 that contradicts a version of events he provided in a recently published book and in an interview with the CBS News program "60 Minutes." ()   Continued...