PRESS DIGEST- New York Times business news - October 7

Reuters
Oct 07
PRESS DIGEST- New York Times business news - October 7

Oct 7 (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.

- Paramount PSKY.O said on Monday that it is buying The Free Press in a deal valued at $150 million and is appointing Bari Weiss, one of its founders, as the editor-in-chief of CBS News.

- The U.S. Supreme Court on Monday rejected an emergency request from Google GOOGL.O to prevent it from being forced to make a series of changes to its Play app store, effectively opening it up to competition.

- Verizon VZ.N named Dan Schulman, a former chief executive of PayPal PYPL.O, as its new boss on Monday, replacing Hans Vestberg, who had led the company since 2018.

- Treasury Secretary Scott Bessent has tapped the leader of the Social Security Administration, Frank Bisignano, to also oversee the day-to-day operations of the Internal Revenue Service in a new "chief executive officer" role at the tax agency.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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