September 13, 2016 / 4:31 AM / 2 years ago

PRESS DIGEST- New York Times business news - Sept 13

Sept 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.

- The Saudi national oil company, Saudi Aramco, aims to strengthen its position on the Gulf of Mexico coast by buying a large oil refinery in the Houston Ship Channel that LyondellBasell is putting up for sale.

- Lael Brainard, a Federal Reserve governor and a leading proponent of the Fed's efforts to stimulate the economy, said in a speech on Monday that she still favored "prudence" in raising interest rates despite recent signs of economic progress.

- Apple plans to release a free coding education app on Tuesday that it developed with middle-school students in mind, in the latest salvo among technology companies to gain share in the education market and to nurture early product loyalty among children.

- Two of the world's largest crop fertilizer makers have agreed to combine in the latest farming industry deal. Agrium and the Potash Corporation of Saskatchewan announced their all-stock merger on Monday after weeks of speculation.

- The hedge fund that helped prod Yahoo into selling its core business has found a new target for its brand of shareholder activism: the drug maker Perrigo, Starboard Value, has taken a 4.6 percent stake in the pharmaceutical company and has urged it to take steps to bolster its sagging stock price, according to a letter sent to Perrigo's board.

- Oprah Winfrey will help Weight Watchers International Inc pick a new leader, the diet company said on Monday, about a year after the media mogul announced she had bought a 10 percent stake in the company.

Compiled by Parikshit Mishra in Bengaluru

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below