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PRESS DIGEST- New York Times business news - May 6

ReutersMay 6, 2025 4:57 AM

- 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.

- A Credit Suisse unit on Monday pleaded guilty to U.S. charges of helping ultra-wealthy Americans evade taxes and will pay a fine of more than $510 million, the U.S. Department of Justice said on Monday.

- OpenAI has dialed back a significant restructuring plan, with its nonprofit parent retaining control in a move that is likely to limit CEO Sam Altman's power over the pioneering maker of ChatGPT.

- The Trump administration will offer a $1,000 stipend and travel assistance to migrants who elect to voluntarily "self-deport" from the U.S., the Department of Homeland Security said on Monday.

- U.S. Defense Secretary Pete Hegseth on Monday ordered a 20% reduction in the number of four-star officers, continuing the wide swath of job reductions and firings that have marked his three months at the helm of the Pentagon.

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