Reuters: Regulatory News: PRESS DIGEST - New York Times business news - April 19

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PRESS DIGEST - New York Times business news - April 19 Apr 19th 2012, 07:02 April 19 | Thu Apr 19, 2012 3:02am EDT April 19 (Reuters) - The following were the top stories on the New York Times business pages on Thursday. Reuters has not verified these stories and does not vouch for their accuracy. * Concern over the health of Spain's banks has fueled speculation that, for the first time, the bailout fund might be needed to help recapitalize the financial institutions of a big country. * The Broadway revival of "Godspell" has attracted attention by recruiting a team of about 700 investors, with some putting up as little as $1,000 each. * The negotiations to buy the photo sharing service Instagram could offer insight into Facebook's highly anticipated initial public offering. * The Argentine government's decision to expropriate a Spanish oil company's stake in a domestic oil firm will have broad repercussions, analysts said. * Goldman Sachs is said to be in negotiations to sell one of its most notable portfolios, Petershill, which has suffered some major setbacks in its hedge fund investments. * As doctors scramble to understand the risks posed by a flawed heart device component made by St. Jude Medical, the episode is raising a bigger question - whether the $10 billion heart device industry has fully embraced promised safety reforms.

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