Reuters: Bankruptcy News: PRESS DIGEST-New York Times business news - July 19

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PRESS DIGEST-New York Times business news - July 19 Jul 19th 2013, 05:22 July 19 | Fri Jul 19, 2013 1:22am EDT July 19 (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. * Wall Street's big banks are still opposing aspects of the Dodd-Frank financial reform law and do not like a proposal to set aside more capital to cover future losses. () * Detroit, the cradle of America's automobile industry and once the nation's fourth-most populous, filed for bankruptcy on Thursday, the largest American city ever to take such a course. () * American aviation officials said they would review recommendations by British authorities to disconnect batteries in the emergency transmitters on all Boeing 787s. () * China will impose tariffs that could exceed 50 percent on materials imported from the United States and South Korea used to build solar panels. () * While the Federal Energy Regulatory Commission and JPMorgan are negotiating a settlement, Blythe Masters, a top bank executive, is not expected to face a separate action. () * Dell Inc bought itself six more days to win backing for its proposed $24.4 billion sale to its founder, but the fight for additional support remained tough. () * Morgan Stanley shares rose more than 4 percent on Thursday after the firm announced it planned to buy back a chunk of its own stock. () * BlackRock Inc said on Thursday that it booked record profits and revenues in the second quarter at a time when rising interest rates caused big losses for many bond investors. () * The SEC used Jonathan Egol's appearance as an opportunity to introduce emails and documents that could damage Fabrice Tourre's defense. () * The Apache Corp agreed to sell its business in the Gulf of Mexico's shelf for about $3.75 billion to a company owned by the private equity firm Riverstone Holdings. () Link this Share this Digg this Email Reprints

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