Reuters: Regulatory News: PRESS DIGEST - New York Times business news - April 11

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PRESS DIGEST - New York Times business news - April 11 Apr 11th 2012, 06:18 April 11 | Wed Apr 11, 2012 2:18am EDT April 11 (Reuters) - The following were the top stories in the New York Times business pages on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy. * With the financial industry recovering and fee income reduced by new regulations, lenders are seeking to woo back less creditworthy borrowers. * Facebook's acquisition of Instagram could be something of a turning point, as even Facebook tries to get a better grasp on a market that requires a rethinking of old rules. * Some economists say giving American services companies the same subsidies as manufacturers would raise United States exports and employment. * Wall Street notched its fifth consecutive decline on Tuesday fueled by concerns over the euro zone. * Edward DeMarco, the regulator for Fannie Mae and Freddie Mac, said it might make sense for the mortgage finance companies to write down mortgage loan principal. * Best Buy Chief Executive Brian J. Dunn's departure came as the board looked into his "personal conduct," the electronics retailer said. * The electronics giant, Sony Corp, already battered by a number of factors, doubled its projected net loss for the business year that just ended because of an additional tax expense. * Scott Thompson told Yahoo's remaining 12,000 employees that he was restructuring the company around three core groups: consumer, regions and technology. * Alcoa Inc, the aluminum manufacturer, said Tuesday that it earned 9 cents a share in the first quarter, topping analysts' forecasts on a modest increase in sales. Link this Share this Digg this Email Reprints

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