Tuesday, July 3, 2012

PRESS DIGEST-New York Times business news-2 July

The July 2 | Monday July 2, 2012 1:57 am CEST

July 2 (Reuters)-were the top stories on the business pages of the New York Times on Monday. Reuters has not verified these stories and does not vouch for their accuracy.

-Marcus Agius, Chairman of Barclays Plc, is expected to resign Monday, less than a week after the great British Bank agreed to pay $ 450 million to resolve allegations that it had tried to manipulate the key interest rates for the benefit of their bottom line.

-The executives at Facebook Inc. are pinning much of the blame for the botched company IPO on Nasdaq, according to several people close to the company and its underwriters, who spoke on condition of anonymity. Tensions remain so high that Facebook is still considering switching exchanges and weighs the cost of such a move, these people said.

-Apple Inc. has agreed to pay a Chinese company $ 60 million to settle a dispute over ownership of the name iPad, a court announced Monday, removing a potential obstacle to the popular tablet computer sales in the key Chinese market.

-Linde AG of Germany, said Sunday that it had agreed to buy Lincare Holdings, a provider of respiratory therapy equipment for homes, for $ 3.50 billion expanding its range of products in Florida.


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