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PRESS DIGEST- New York Times business news - Nov 11

Published 2015-11-11, 12:47 a/m
© Reuters.  PRESS DIGEST- New York Times business news - Nov 11
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Nov 11 (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 New York State attorney general on Tuesday ordered the
two biggest daily fantasy sports companies, DraftKings and
FanDuel, to stop accepting bets from New York residents, saying
their games constituted illegal gambling under state law.

- The U.S. Justice Department said that it would seek to
block United Airlines UALCO.UL from further expanding its hold
at Newark Liberty International Airport because the carrier
already has a near monopoly there.

- Molson Coors Brewing Company (N:TAP) TAP.N is close to an
agreement to buy the rest of MillerCoors from SABMiller Plc
SAB.L .

- Michael Pearson (L:PSON), the embattled chief executive of Valeant
Pharmaceuticals International Inc VRX.TO , sought to reassure
investors that the once highflying company still had a solid
future despite a steep fall in its stock price and growing
questions about its business model and debt levels.

- Neel Kashkari, who oversaw the government's bailout of the
banking industry as a Treasury official in the George Bush and
Obama administrations, was named the next president of the
Federal Reserve Bank of Minneapolis on Tuesday.

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