PRESS DIGEST- New York Times business news - Jan 7
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 X.N and Japan's Nippon Steel 5401.T 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 0700.HK, 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 BRKa.N conglomerate on Monday, claiming it made loans to buyers of manufactured homes that it knew they could not afford.
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))
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