Press Digest: New York Times business news - July 26

PacWest Bancorp

26/07/2023 05:49

July 26 (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 Senate on Tuesday voted to block businesses based in
China from purchasing farmland in the United States and place
new mandates on Americans investing in the country's national
security industries. 
    
    - Banc of California  BANC.N  and PacWest Bancorp  PACW.O 
will merge in an all-stock, the companies said on Tuesday,
coming together just months after the regional banking sector
was mired in crisis.
    
    - United Parcel Service  UPS.N  announced on Tuesday that it
had reached a tentative deal on a five-year contract with
Teamsters, the union representing more than 325,000 of its U.S.
workers. 
    
    - TikTok announced that users can now post text only
content, a departure for the social media app known for its
short videos.
    

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))