Press Digest: New York Times business news - January 30

Costco Wholesale

30/01/2026 05:36

Jan 30 (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 is set to announce his choice to replace Jerome Powell as chair of the Federal Reserve on Friday and is expected to select Kevin Warsh, a former Fed official, for the job.

- Federal prosecutors indicted the founder of First Brands Patrick James, and his brother on fraud charges on Thursday, accusing them of an elaborate scheme to deceive lenders.

- Two women in Southern California said in a lawsuit that Costco COST.O used false advertising by labeling its rotisserie chicken as preservative-free.

- Lukoil LKOH.MM, one of Russia's largest oil companies, said Thursday that it was in talks to sell its foreign assets to American investment firm CarlyleCG.O.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))