January 28, 2009 / 5:45 AM / 10 years ago

PRESS DIGEST - New York Times business news - Jan 28

Jan 28 (Reuters) - The following were the top stories in the New York Times business pages on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy.

* The U.S. Treasury secretary Timothy Geithner said he would crack down on lobbying to influence the financial bailout program by companies that are receiving funds.

* The number of possible Ponzi schemes being reported to authorities has doubled since last year.

* School districts, child care centers and university campuses would receive $150 billion in new federal spending in the economic stimulus package that is scheduled for a vote in Congress on Wednesday.

* President Obama made a campaign trip of sorts to seek bipartisan support for his economic stimulus plan, visiting Republicans on Capitol Hill and suggesting that he was open to some limited revisions that would address their demands for more tax cuts.

* An eclectic group, the board of Bank of America Corp (BAC.N) is under scrutiny for the way it has handled overseeing the bank’s chief executive, Kenneth Lewis.

* Yahoo Inc YHOO.O reported a net loss of $303 million for the quarter on a number of one-time charges and sales were slightly down as more marketers pulled back on spending.

* Bristol-Myers Squibb’s (BMY.N) current strategy is to move away from mass-market drugs into more expensive drugs for rarer diseases. But more than half its sales depend on three drugs alone.

* Epix, the Paramount Pictures, MGM and Lionsgate-backed premium movie channel, will launch online in May, having not yet found a television distribution deal.

* Large corporations looking for cash are turning to sale leaseback deals to free up cash by becoming tenants of the real estate they formerly owned.

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