April 12, 2017 / 5:50 AM / a year ago

PRESS DIGEST- New York Times business news - April 12

April 12 (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.

- A group of Chinese political activists filed a lawsuit in federal court against Yahoo on Tuesday, saying the company failed to properly oversee a $17 million fund it created a decade ago to help Chinese writers, democracy advocates and human rights lawyers persecuted for standing up to the country's government. nyti.ms/2oWw50I

- Toshiba, a pillar of the modern Japanese economy whose roots stretch back to the country's industrial stirrings in the 19th century, warned on Tuesday that a disastrous foray into nuclear power may have crippled its business beyond repair. nyti.ms/2oWd7Hl

- Uber has lost a string of top managers in recent months as the ride-hailing company has dealt with scandals over its workplace culture and its executives' behavior. That exodus is continuing with the exit of Rachel Whetstone, the company's head of policy and communications. nyti.ms/2oWm0kp

- Rolling Stone and a writer have agreed to settle a libel suit brought by a University of Virginia administrator over a debunked article that described a gangrape at the university, the magazine announced on Tuesday. nyti.ms/2oWr08m

- LeEco has scrapped a planned $2 billion acquisition of U.S. consumer electronics company Vizio, citing unspecified "regulatory headwinds". nyti.ms/2oWjmei

Compiled by Vishal Sridhar in Bengaluru

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below