Sunday, January 11, 2009

PRESS DIGEST - New York Times business news - Jan 12

The following were the top stories in the New York Times business pages on Monday. Reuters has not verified these stories and does not vouch for their accuracy.

* Mary L. Schapiro, president-elect Barack Obama's choice to lead the U.S. Securities and Exchange Commission, has been accused of making misleading statements to quickly complete a merger of regulatory bodies.

* Federal banking regulators are pressing Citigroup Inc to shake up its board and replace its chairman in an effort to restore confidence in the beleaguered financial giant.

* Honda is bringing out three short films to be launched online, under the rubric of the "Dream the Impossible documentary series."

* Google Inc, whose chief executive endorsed Barack Obama during the campaign, is having an inaugural ball in Washington to welcome the new administration.

* Toyota Motor Corp plans to introduce its plug-in hybrid electric vehicle late this year, a year earlier than originally planned, and a year ahead of the Chevrolet Volt.

* YouTube is aiming to raise its profile in American politics by helping deliver a glimpse of life on Capitol Hill to its large online audience.

* The board members of the Federal Reserve Bank of New York weighed who will become its next president over the weekend,

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