PRESS DIGEST- New York Times business news - Jan 21

Tue Jan 21, 2014 1:14am EST
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Jan 21 (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.

* Europe lacks a vibrant market for corporate bonds issued by smaller, riskier companies, making European companies more dependent on bank credit than American businesses. ()

* The World Economic Forum, for which the cost of membership and a ticket to the annual meeting is more than $70,000, is both admired and derided as a velvet-rope club for the 1 percent of the 1 percent. However, the leaders of some of the largest and most transformative companies are demonstrating, with their absence, the difficulty of convening a global conversation with all the main stakeholders. ()

* Royal Dutch Shell said on Monday that it would sell its minority interest in an Australian liquefied natural gas project to the Kuwait Foreign Petroleum Exploration Company for about $1.1 billion. ()

* Waste Control Specialists has a monopoly: as aging nuclear reactors retire, their most radioactive steel, concrete and other components must be shipped for burial somewhere.   Continued...