Reuters: Regulatory News: PRESS DIGEST - New York Times business news - May 14

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PRESS DIGEST - New York Times business news - May 14 May 14th 2012, 06:42 Mon May 14, 2012 2:42am EDT May 14 (Reuters) - The following were the top stories on the New York Times business pages on Monday. Reuters has not verified these stories and does not vouch for their accuracy. * Ina R. Drew, JPMorgan Chase's chief investment officer and a three-decade employee there, and two traders who worked for her will leave the company. * Ubiquitous trading practices are creating a headache for regulators who are trying to devise rules to prevent another financial crisis. * Broadcast networks are offering shorter seasons and agreeing to air serialized shows uninterrupted by reruns to fight "cable envy" among series creators. * Yahoo's embattled chief executive, Scott Thompson, will leave his post after a controversy over his embellished academic credentials. Yahoo also reached an agreement with Third Point's Daniel S. Loeb to end the hedge fund manager's proxy fight. * Because Facebook tends to be tight-lipped about its plans, the company's string of acquisitions may reveal a lot about the course it is charting.

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