Dec 29 (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.
- The United States Department of Homeland Security said
airport screeners may soon start accepting only licenses that
meet federal standards, despite resistance from privacy
advocates.
- U.S. Hedge fund managers have stunned investors with the
depth of their losses this year, and pressure to perform better
will be intense heading into 2016.
- Pressured by low oil prices and costly wars in the Middle
East, Saudi Arabia announced a sharp reduction in its 2016
budget on Monday to control a worsening deficit, which is
steadily draining the kingdom's financial reserves.
- Valeant Pharmaceuticals International Inc (N:VRX) VRX.TO , a drug
company whose business model has been under siege, announced on
Monday that Michael Pearson (L:PSON), its chairman and chief executive,
was on medical leave and that a team of executives would run the
company while he was out.