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

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PRESS DIGEST-New York Times business news - March 28 Mar 28th 2013, 07:08 March 28 | Thu Mar 28, 2013 3:08am EDT March 28 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. * The largest banks in the United States - including Bank of America Corp, Citigroup Inc and JPMorgan Chase & Co - facing a torrent of lawsuits over shoddy mortgage securities, are pushing to overturn a series of tough rulings in an important case. () * AMR Corp's American Airlines won bankruptcy court approval on Wednesday to combine with US Airways Group Inc and form the world's biggest airline. () * The Cypriot government on Wednesday announced severe restrictions on access to funds held in the country's banks, hoping to control a rush to withdraw money when the banks open on Thursday for the first time in nearly two weeks. () * Two lithium-ion car batteries produced by GS Yuasa Corp , the same Japanese company that supplies batteries for Boeing Co's grounded 787 jetliner fleet, have overheated in recent days. () * The U.S. Supreme Court threw out a proposed class-action antitrust lawsuit against cable television company Comcast Corp , in which more than 2 million current and former Comcast subscribers claimed that the company had unfairly eliminated competition and overcharged customers. () * The U.S. Food and Drug Administration approved the chemical, dimethyl fumarate, sold by Biogen Idec Inc under the name Tecfidera, the third of a spate of oral drugs that are transforming the treatment of multiple sclerosis. () * Covington & Burling, a prominent U.S. law firm, plans to announce on Thursday that Lanny Breuer, who led the U.S. Justice Department's investigation into the financial crisis, will be its vice chairman. () * After nearly 30 years of running Hearst Corp, a privately held media company that publishes the Cosmopolitan, Harper's Bazaar and Esquire magazines, Chief Executive Frank Bennack has announced that he is stepping down. () Link this Share this Digg this Email Reprints

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