April 28, 2016 / 5:14 AM / 2 years ago

PRESS DIGEST- New York Times business news - April 28

April 28 (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.

- Outgoing Valeant Pharmaceuticals Chief Executive Michael Pearson said to a U.S. Senate panel on Wednesday that he regrets his decision to acquire and increase the price of two life-saving heart drugs, saying it was all a "mistake.". (nyti.ms/21gdaau)

- Facebook on Wednesday proposed a new class of stock, known as C shares, in a move meant to allow Mark Zuckerberg to maintain control of the Silicon Valley company. The creation of the new class of shares allows the chief executive to preserve his voting power at Facebook, even as he begins an effort to give away the majority of his stock for charitable purposes. (nyti.ms/1Ws0JaC)

- In an unusual alliance between a traditional automaker and a technology company, Ford Motor and Google on Wednesday joined to lead a coalition of companies that advocate federal approval of driverless cars in the near future. (nyti.ms/1VW6vCu) (Compiled by Parikshit Mishra in Bengaluru)

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