March 14, 2017 / 4:38 AM / 5 months ago

PRESS DIGEST- New York Times business news - March 14

2 Min Read

March 14 (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.

- Bill Ackman's Pershing Square said it had sold some 27 million shares and options in Valeant Pharmaceuticals International, its entire stake. nyti.ms/2mlLSR2

- Researchers at the University of Michigan and the University of South Carolina will demonstrate on Tuesday that they have found a vulnerability that allows them to take control of or surreptitiously influence devices through the tiny accelerometers that are standard components in consumer products like smartphones, fitness monitors and even automobile. nyti.ms/2mlSb7Y

- Puerto Rico, reeling from a debt crisis lasting more than a year, reached an agreement that should set the stage for meaningful talks with its creditors, who hold more than $70 billion of defaulted debt. Under the agreement, new taxes will be imposed but public workers will be spared from furloughs for now, a measure that had been on the table. nyti.ms/2mGKZWw

- Nine years after Verizon promised to make its high-speed Fios internet service available to every household in New York City, the city sued the company, saying it had failed to keep that pledge. nyti.ms/2mm3uMD (Compiled by Parikshit Mishra in Bengaluru)

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