Press Digest: New York Times business news - Nov 17

Education Management

17/11/2015 05:39

Nov 17 (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 black population of Baltimore is double that of the 
white population. Yet in 2013, banks made more than twice as 
many mortgage loans to whites in the city as they did to blacks, 
according to a new study that will be released on Tuesday by the 
National Community Reinvestment Coalition, a consumer advocacy 
group. (http://nyti.ms/20YkjgO) 
     
    - American and French officials say there is still no 
definitive evidence to back up their presumption that the 
terrorists who massacred 129 people in Paris used new, 
difficult-to-crack encryption technologies to organize the 
plot.(http://nyti.ms/20YkuIP) 
     
    - The for-profit college operator Education Management Corp 
 EDMC.PK  will forgive loans to about 80,000 former students 
nationwide as part of an agreement with state attorneys general 
resulting from a multiyear investigation of the company's 
aggressive recruitment practices. (http://nyti.ms/20YkEjD) 
     
    - Some of the richest investors on Wall Street, including 
Daniel Loeb, David Einhorn and William Ackman, lost billions of 
dollars in the last quarter because the shares of the companies 
they placed bullish bets on plummeted over the summer and fall. 
(http://nyti.ms/20Yl09R) 
     
    - Pandora Media  P.N  announced on Monday that it intended 
to acquire the assets of Rdio, a highly regarded but struggling 
online radio service, for $75 million in cash. (http://nyti.ms/20Ylg8I) 
 
 (Compiled by Ismail Shakil in Bengaluru) 
 ((ismail.shakil@thomsonreuters.com; Within U.S. +1 646 223 
8780, outside U.S. +91 80 6749 3538; Reuters Messaging: 
ismail.shakil.thomsonreuters.com@reuters.net)) 
 
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