PRESS DIGEST- New York Times business news - Oct 27
Oct 27 (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.
* Rite Aid Corp and CVS Health Corp disabled Apple Pay from working in their stores nationwide. The reason was not immediately clear. (nyti.ms/1Di1o1N)
* The bulk of Europe's biggest banks would be able to survive a financial crisis or severe economic downturn, the European Central Bank said on Sunday, concluding a yearlong audit of eurozone lenders that is potentially a turning point for the region's battered economy (nyti.ms/1FPoe4T)
* This summer, as Allergan Inc, the maker of Botox, was coming under increased pressure to sell itself to Valeant Pharmaceuticals Inc and the hedge fund Pershing Square Capital Management, its executives grew tired of playing defense. They wanted their advisers at Goldman Sachs Group Inc to take the fight to Valeant. (nyti.ms/1wAElz9)
* Deutsche Bank AG said on Friday it would record 894 million euros ($1.13 billion) in litigation costs for the third quarter as it set aside yet more money to cover the cost of lawsuits and official investigations related to accusations of past wrongdoing. (nyti.ms/1wugGzk) Continued...