Press Digest: New York Times business news - March 17

Emmis

17/03/2015 05:25

March 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. 
     
    * Blackstone Group  BX.N  said it had purchased the Willis 
Tower in Chicago, the second-tallest building in the United 
States, for about $1.3 billion. (http://nyti.ms/1DuXRSY) 
     
    * Pinterest, an online scrapbooking service, disclosed on 
Monday that it raised about $367 million in a new round of 
financing from new and existing investors. (http://nyti.ms/18Aj1S3) 
     
    * In a petition to the Federal Communications Commission, 
nine broadcasters, including major ones like iHeartMedia, Cox, 
Emmis Communications  EMMS.O  and Entercom, requested a waiver 
to longstanding requirements that stations say on the air when a 
sponsor or promoter has paid for a piece of programming, like a 
song. (http://nyti.ms/1LlJVyW) 
     
    * Oil prices fell to six-year lows on Monday in the face of 
concerns that a glut in the United States was outpacing already 
brimming storage facilities. Additionally, the Organization of 
the Petroleum Exporting Countries published a report suggesting 
that the cartel remained reluctant to intervene to prop up 
prices. (http://nyti.ms/1FsPpm4) 
 
 (Compiled by Shivam Srivastava in Bengaluru) 
 ((shivam.srivastava@thomsonreuters.com; within U.S. +1 646 223 
8780, outside U.S. +91 80 6749 6894; Reuters Messaging: 
shivam.srivastava.thomsreuters.com@reuters.net)) 
 
Keywords: PRESS DIGEST NYT/