December 13, 2007 / 6:31 AM / 11 years ago

CORRECTED - CORRECTED-PRESS DIGEST - New York Times business news - Dec 13

(Corrects item 3 to clarify that the wires that connect to the defibrillator, not the defibrillator, could be faulty)

Dec 13 (Reuters) - The New York Times reported the following stories on its business pages on Thursday. Reuters has not verified these stories and does not vouch for their accuracy.

* A day after the Federal Reserve disappointed investors with a modest cut in interest rates, central banks in North America and Europe announced the most aggressive infusion of capital into the banking system since the terrorist attacks of September 2001.

* The Illinois attorney general has subpoenaed documents from Countrywide Financial Corp CFC.N, broadening an investigation into lending practices that has already led to a lawsuit against one mortgage broker.

* Thousands of patients with failing hearts must decide whether to heed a warning from Medtronic Inc (MDT.N) and replace a potentially faulty wire that connects the electronic defibrillator to their heart.

* Paramount Pictures is lurching onto the Web with its “Jackass” franchise, with what it says will be the first studio-backed feature film to have its premiere online.

* A soaring economy and crumbling trade barriers are making India a “must visit” destination for foreign politicians and executives.

* Investors in the biotechnology company Biogen Idec Inc (BIIB.O) announced that it had not received any definitive offers after putting itself up for sale two months ago. The company said it would remain independent.

* The parent company of Sallie Mae SLM.N, the student lender, cut its profit forecast for 2008 on Wednesday and said that its offer to strike a new deal with a group of investors had been rejected.

* The Bank of America Corp (BAC.N), the Wachovia Corp WB.N and PNC Financial Services Group Inc (PNC.N) said losses tied to bad debt would be worse than expected, the latest indication that the credit markets are not returning to normal.

* The Canadian government is rushing through legislation to reopen a nuclear reactor that produces most of the world’s supply of a medically important diagnostic isotope.

* Acknowledging the concerns of hundreds of freelance workers, MTV Networks reversed some of the cuts it had intended to make to benefits packages.

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