Reuters: Regulatory News: PRESS DIGEST-New York Times business news - Aug 6

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PRESS DIGEST-New York Times business news - Aug 6 Aug 6th 2013, 06:04 Tue Aug 6, 2013 2:04am EDT Aug 6 (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 Washington Post, the newspaper whose reporting helped topple a president and inspire a generation of journalists, is being sold for $250 million to Amazon.com Inc founder Jeffrey Bezos, in a deal that has shocked the industry. () * After gun laws were strengthened in several states in the wake of the Newtown, Connecticut, school shooting, some manufacturers are relocating to more gun-friendly states. Governors and politicians from states eager to embrace the industry have descended on places where they are not so popular - like Connecticut, Maryland, New York and Colorado - offering tax breaks and outright cash grants to persuade gun manufacturers to relocate. () * Government authorities are homing in on a lucrative loophole that allows online lenders to offer short-term loans at interest rates that often exceed 500 percent annually, the latest front in a crackdown on the payday lending industry. () * Sony Corp said late on Monday that it planned to keep all of its vast entertainment arm, rejecting a proposal to spin off the unit by one of its biggest investors, activist hedge fund manager Daniel Loeb. The decision, announced in a publicly disclosed letter to Loeb, raises questions about whether he will now stage a public fight with Sony. () * The reinsurance arm of Third Point, the hedge fund run by Daniel Loeb, disclosed on Monday that it is seeking to raise up to $370.6 million from its forthcoming initial public offering. Third Point Reinsurance said that it planned to sell 22.2 million shares at $12.50 to $14.50 a share. () * New Zealand dairy producer Fonterra apologized on Monday for the contamination of an infant milk formula ingredient with a potentially toxic strain of bacteria. The contamination could hurt sales of dairy products, the leading export of New Zealand, to its most crucial market, China. () * European Aeronautic Defense and Space Co (EADS), the parent company of Airbus, confirmed on Monday that it had received a letter from hedge fund TCI, urging it to sell its 46 percent stake in Dassault Aviation, the French maker of the Rafale fighter and the popular Falcon business jet. () Link this Share this Digg this Email Reprints

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