Friday, November 2, 2012

Reuters: Regulatory News: PRESS DIGEST-New York Times business news - Nov 2

Reuters: Regulatory News
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PRESS DIGEST-New York Times business news - Nov 2
Nov 2nd 2012, 07:16

Fri Nov 2, 2012 3:16am EDT

Nov 2 (Reuters) - The following are the top stories on the New York Times business pages on Friday. Reuters has not verified these stories and does not vouch for their accuracy.

* Damages from hurricane Sandy double a previous forecast, with economists warning that it could shave a half percentage point off the nation's economic growth. ()

* The Federal Energy Regulatory Commission's broad crackdown is aimed at manipulation of energy prices. ()

* The Congressional Research Service withdrew a report that found no correlation between top tax rates and economic growth after senators raised concerns. ()

* Policy makers are being urged to address long-term unemployment before those looking for work decide to give up trying for good. ()

* Dragged down by advertising and circulation declines, Martha Stewart Living Omnimedia will lay off staff and reduce magazines. ()

* Sony Corp, Sharp Corp and Panasonic Corp have all reported significant losses, their boom years ended by global crisis and their own poor decisions. ()

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