PRESS DIGEST- New York Times business news - Jan 16

Fri Jan 16, 2015 1:05am EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

Jan 16 (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 Organization of the Petroleum Exporting Countries issued a report on Thursday that downgraded demand for its crude for 2015, while also predicting slower oil-production growth in the United States. (nyti.ms/1yq52qv)

* UBS AG has agreed to pay $14.5 million to settle accusations by the Securities and Exchange Commission that a subsidiary violated federal securities laws in its operation of a private stock trading system known as a dark pool. (nyti.ms/1y468JB)

* The casino operator Caesars Entertainment Corp was locked in a bitter standoff with some creditors on Thursday after it put its largest unit into bankruptcy. (nyti.ms/1wfqutZ)

* Foreign currency traders around the world are coming under pressure following the Switzerland central bank's surprise decision on Thursday to remove the cap on its currency. (nyti.ms/1u81Zoz)   Continued...