Reuters: Mergers News: PRESS DIGEST - New York Times business news - April 30

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PRESS DIGEST - New York Times business news - April 30 Apr 30th 2012, 07:53 April 30 | Mon Apr 30, 2012 3:53am EDT April 30(Reuters) - The following were the top stories on the New York Times business pages on Monday. Reuters has not verified these stories and does not vouch for their accuracy. * The phone-hacking scandal in Britain is taking a toll on Rupert Murdoch's broader holdings, prompting worry at News Corporation that years of business dealings could draw new attention. * Dewey & LeBoeuf, the corporate law firm fighting for survival, ousted Steven H. Davis, its former chairman, from the firm's management on Sunday, according to an internal memo. * A scandal involving Wal-Mart's Mexican subsidiary is giving critics of the company new reasons to push to block its expansion into big American cities. * The Pebble, a watch that is being developed to work with the iPhone, has raised more than $7 million in financing on Kickstarter, a case that has signified the site's coming of age. * The China Film Group functions as the Chinese government's guardian of its film market, but now the group is also supervising a trade route suddenly under scrutiny from regulators in Washington. * Apple serves as a window on how technology giants have taken advantage of tax codes written for an industrial age and ill suited to today's digital economy. * The merger last week of WRKS and WBLS reflected a trend of consolidations and format changes for black and other minority radio stations after a ratings measurement change five years ago. * PepsiCo plans to announce an exclusive deal to supply all nonalcoholic beverages in IHOP and Applebee's restaurants, according to a note distributed Sunday to subscribers of a trade publication. Link this Share this Digg this Email Reprints

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