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PRESS DIGEST- New York Times business news - Oct 20

Published 2015-10-20, 01:48 a/m
PRESS DIGEST- New York Times business news - Oct 20
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Oct 20 (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.

- Justin Trudeau unseated the Conservative prime minister,
Stephen Harper, in a sweeping victory for the Liberal Party in
Canada.

- An economics professor has filed a lawsuit against
Citigroup Inc (N:C) C.N accusing the bank of using an unusual
federal tax break during the financial crisis to avoid paying
$800 million in New York State taxes.

- Four days after its new chief executive, Oscar Munoz, was
hospitalized, United Continental Holdings Inc said it
appointed its general council, Brett Hart, as acting chief.

- The British bank Barclays Plc BARC.L said on Monday that
it had agreed to pay $325 million to settle two lawsuits related
to the sale of residential mortgage-backed securities in the
United States.

- Stuyvesant Town-Peter Cooper Village, the largest
apartment complex in Manhattan, is expected to be sold for more
than $5.3 billion to Blackstone (N:BX) Group, an agreement
that will preserve nearly half the 11,232-unit complex for
middle-class families, according to officials involved in the
negotiations.

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