PRESS DIGEST- New York Times business news - Oct 11

Fri Oct 11, 2013 1:22am EDT
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Oct 11 (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.

* President Obama and House Republicans failed to reach an agreement on a six-week extension of the nation's borrowing authority during a meeting on Thursday, but the two sides kept talking, and the offer from politically besieged Republicans was seen as an initial step toward ending the budget standoff. ()

* In the exchanges created by the Affordable Care Act, Blue Cross and Blue Shield plans offer name recognition and price advantages. Blue Cross and Blue Shield plans have typically been the largest insurers providing coverage primarily to individuals and small businesses, and they remain a staple on the new exchanges. What is not yet clear is whether the Blues plans are offering low prices to gain customers, only to raise prices in later years. ()

* With enthusiastic backing from state officials and an estimated seven million uninsured, California is a crucial testing ground for the success of President Obama's health care law. California is building the country's largest state-run health insurance exchange and has already expanded Medicaid coverage for the poor. ()

* A lawsuit accuses Warner Brothers of stealing the screenplay of its 2012 movie "Trouble With the Curve" and of manufacturing evidence in their defense. In an unusually sharp response to a lawsuit filed last week, the studio publicly called the accusations of script theft "reckless and false". ()   Continued...