PRESS DIGEST- New York Times business news - Aug 13

Wed Aug 13, 2014 12:41am EDT
 
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Aug 13 (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.

* Iran is finding a way around Western sanctions to export increasing amounts of an ultralight oil to China and other Asian markets, expanding the value of its trade by potentially billions of dollars a year. (nyti.ms/1p3Hsfn)

* Scholars are exhilarated by the prospect of tapping into the vast troves of personal data collected by Facebook Inc , Google Inc, Amazon.com Inc and a host of start-ups, which they say could transform social science research. (nyti.ms/1sAp0xT)

* European companies rated below investment grade have turned to issuing junk bonds, following the lead of American businesses. For many companies, the high-yield junk bond market has become essential for raising money now that their local banks are making fewer corporate loans. (nyti.ms/1q7vHkX)

* Syncora Guarantee Inc said Detroit's exit strategy had been tainted by what it called the biases of its chief mediator, whose job it was to impartially negotiate out-of-court settlements of as many of the city's outstanding debts as possible. (nyti.ms/VhJLA8)   Continued...