Thursday, May 3, 2012

Reuters: Regulatory News: PRESS DIGEST - New York Times business news - May 3

Reuters: Regulatory News
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PRESS DIGEST - New York Times business news - May 3
May 3rd 2012, 06:17

Thu May 3, 2012 2:17am EDT

May 3 (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.

* A major new rule that has drawn the ire of Wall Street is on track for completion sooner than some bankers had expected, dashing the hopes of financial industry lobbyists, who have pressed for a delay.

Regulators are making significant progress on a final draft of the regulation, the Volcker Rule, and some officials expected to complete it by September and possibly as early as this summer, people with direct knowledge of the matter said.

* Target Corp, signaling its growing irritation with its rival Amazon, announced on Wednesday that it would stop selling the online retailer's Kindle e-readers.

* After recent moves failed to lift viewership, executives of the cable news pioneer, CNN, are said to be under intense pressure from corporate leaders at Time Warner to turn things around.

* Legal and technology researchers estimate that it would take about a month for Internet users to read the privacy policies of all the Web sites they visit in a year. So in the interest of time, here is the deal: You know that dream where you suddenly realize you're stark naked? You're living it whenever you open your browser.

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