Tuesday, June 4, 2013

Reuters: Bankruptcy News: PRESS DIGEST-New York Times business news - June 5

Reuters: Bankruptcy News
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PRESS DIGEST-New York Times business news - June 5
Jun 5th 2013, 05:04

June 5 | Wed Jun 5, 2013 1:04am EDT

June 5 (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.

* Led by Lei Jun, China's Xiaomi Technology, known for its popular and inexpensive smartphones, sold $2 billion in handsets in China last year, and he has carefully cultivated an image in the Steve Jobs mold. ()

* Jefferson County's $4.2 billion municipal bankruptcy is the largest such filing in the history of United States, and it is being closely watched for the precedent it might set. ()

* United States President Barack Obama, in a series of executive actions, asked the patent office to take steps to block frivolous lawsuits filed by so-called patent trolls. ()

* Seven months before the core provisions of President Obama's health care law are to take effect, most television advertising that mentions the law continues to come from its opponents. ()

* The glowing assessments of the Chinese poultry plant where more than 100 people were killed in a fiery explosion suggested government officials had missed problems. ()

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