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PRESS DIGEST- New York Times business news - Jan 7
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PRESS DIGEST- New York Times business news - Jan 7
Jan 6, 2025 9:51 PM

Jan 7 (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.

- U.S. Steel and Japan's Nippon Steel ( NISTF ) sued

the United States government on Monday in a last-ditch attempt

to revive their attempted merger after President Joe Biden

blocked it last week on the basis that the transaction posed a

threat to national security.

- Michael Barr will step down from his role as the Federal

Reserve's vice chair for supervision by Feb. 28, or sooner if

President-elect Donald Trump appoints a successor.

- The Pentagon on Monday labeled Tencent ( TCTZF ), the

Chinese social media and gaming giant, as a Chinese military

business operating in the United States.

- A federal regulator sued a mortgage finance firm owned by

Warren Buffett's Berkshire Hathaway ( BRK/A ) conglomerate on

Monday, claiming it made loans to buyers of manufactured homes

that it knew they could not afford.

(Compiled by Bengaluru newsroom)

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