December 29, 2009 / 6:10 AM / 9 years ago

PRESS DIGEST - New York Times business news - Dec 29

Dec 29 (Reuters) - The following were the top stories in The New York Times business pages on Tuesday. Reuters has not verified these stories and does not vouch for their accuracy.

* The Carbon Disclosure Project, a nonprofit tracks emissions and persuades some companies to change policies before governments step in.

* In a court filing, a former employee, Paul Galloway, said that Seagate Technology (STX.O) had appropriated hard-drive technology from Convolve for its own products.

* The News Corp (NWSA.O) is threatening to remove its Fox stations from Time Warner Cable TWC.N systems at the end of this week if the cable company does not agree to pay sizable subscriber fees, the same way it does for cable channels.

* The Federal Reserve proposed allowing banks to park their reserves at the central bank, a move aimed at weaning the economy off extraordinary infusions of cash and curbing inflation.

* With a new financing plan passed in 2008, officials of Amtrak, the money-losing railroad can begin to make major improvements.

* JPMorgan Chase & Co (JPM.N) said it had sued a former banking executive arrested last year in Argentina, accusing him of stealing $2.8 million from a customer’s account.

* A German computer engineer, Karsten Nohl, said he had deciphered and published the secret code used to encrypt most of the world’s digital mobile phone calls, saying it was his attempt to expose weaknesses in the security of global wireless systems.

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