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PRESS DIGEST- New York Times business news - April 25
April 25, 2017 / 5:01 AM / 8 months ago

PRESS DIGEST- New York Times business news - April 25

April 25 (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.

- President Trump has instructed his advisers to make cutting the corporate tax rate to 15 percent a centerpiece of his tax-cut blueprint to be unveiled this week, according to people with knowledge of his plans, even if that means a significant reduction in revenue that could jettison his campaign promise to curb deficits.

- Yahoo Inc shareholders will vote on June 8 on whether to sell the company's internet businesses to Verizon Communications Inc for $4.48 billion. A yes vote, which is widely expected, would end Marissa Mayer's largely unsuccessful five-year effort to restore the internet pioneer to greatness.

- The scandal at Wells Fargo & Co over the creation of millions of fake bank accounts cost more than 5,300 people their jobs, many of them tellers and other low-level employees. The next group of employees who could lose their jobs are Wells Fargo's board of directors, who face re-election on Tuesday at the bank's annual shareholder meeting.

- NBC News said that Megyn Kelly would start her new job next month, with a Sunday evening showcase set to start in June. Her new morning show, which is expected to replace an hour of "Today", is scheduled for the fall.

- After 20 years as the king of cable news, O'Reilly's return to broadcasting came not on camera, but in a 19-minute recorded podcast on his personal website. (Compiled by Shalini Nagarajan in Bengaluru)

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