PRESS DIGEST-New York Times business news - October 9
Oct 9 (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.
- Base Power, a battery-focused power company, raises $1 billion in new funding, which values the company at about $3 billion.
- A group that lobbies on behalf of Pentagon reporters on Wednesday harshly criticized new rules released by the Defense Department that could lead to the revocation of press credentials.
- A few Federal Reserve officials were reluctant to support the central bank's interest rate cut in September, minutes from the Fed's latest meeting showed, emphasising the extent of the divisions that have emerged between policymakers over what to do about borrowing costs.
- Israel and Hamas have reached an agreement for the exchange of Israeli hostages for Palestinian prisoners, a breakthrough after months of negotiations to end the devastating two-year war in Gaza.
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