Reuters: Regulatory News: PRESS DIGEST-New York Times business news - Aug 28

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PRESS DIGEST-New York Times business news - Aug 28 Aug 28th 2012, 06:03 Tue Aug 28, 2012 2:03am EDT Aug 28 (Reuters) - The following were the top stories on the New York Times business pages on Tuesday. Reuters has not verified these stories and does not vouch for their accuracy. * By making its own hardware, Google Inc could end up more squarely in Apple Inc's sights. The jury's findings in the case could potentially force Google to adjust its software, too. * Amazon Inc is quietly upending the world of business computing through its cloud operations, a vast resource that gives companies heavy computing power without the baseline costs. * The cost of biofuels in Defense department trials has made them a flash point in the debate over government financing for new energy technologies. * The top German official at the European Central Bank defended its plans to intervene in bond markets as a way of lowering borrowing costs for business. * David Einhorn, the billionaire hedge fund manager, is the largest investor in a fund run by his brother and father in Wisconsin. Their firm, Capital Midwest Fund, aims to tap the Midwestern work ethic. * The Food and Drug Administration has approved once-a-day pill for HIV. The pill, made by Gilead Sciences, is criticized by AIDS activists who contend the $28,500 annual cost is too expensive. Link this Share this Digg this Email Reprints

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