PRESS DIGEST- New York Times business news - March 11

Fri Mar 11, 2016 5:30am EST
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March 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.

- A new approach to managing China's corporate debt burden may offer temporary relief for banks but spell further difficulties for the country's economy - having deeply troubled companies use stock to pay overdue loans. (

- The Obama administration argued on Thursday that "no single corporation" - even one as successful as Apple Inc - should be allowed to flout the rule of law by refusing to help the FBI unlock the iPhone used by one of the San Bernardino, California, attackers. (

- TransCanada Corp, whose Keystone XL pipeline project was rejected by the Obama administration in November, had been in talks with Columbia Pipeline Group Inc about an acquisition, people briefed on the discussions said. (

- Bridgewater Associates, the world's biggest hedge fund, has hired a former senior Apple Inc executive to be a co-chief executive. Jon Rubinstein, who worked closely with Steve Jobs for many years and earned the nickname "the Podfather" for his work leading Apple's iPod team, will join the $154 billion Bridgewater in May. ( (Compiled by Ismail Shakil in Bengaluru)