PRESS DIGEST- New York Times business news - Oct 6

Tue Oct 6, 2015 1:09am EDT
 
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Oct 6 (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 United States, Japan and 10 other Pacific Rim nations on Monday reached final agreement on the largest regional trade accord in history, teeing up what could be the toughest fight President Obama will face in his final year in office: securing approval from Congress. (nyti.ms/1VAeqpL)

- DuPont said on Monday afternoon that Chief Executive Ellen Kullman, who is 59, would step down on Oct. 16, while conceding that it would have to cut its earnings forecast and accelerate a cost-cutting plan. (nyti.ms/1RrLfzo)

- Nelson Peltz's Trian Fund Management has acquired a $2.5 billion stake in General Electric Co, seeking to reboot the stock after what the activist investor called a "tough decade" of performance. (nyti.ms/1OSXUNt)

- Apparently looking to exploit the collapse of oil prices, Suncor Energy Inc, the largest integrated energy company in Canada, announced a hostile takeover bid for Canadian Oil Sands Ltd on Monday that it valued at C$6.6 billion dollars. (nyti.ms/1Q350ME)   Continued...