December 31, 2009 / 6:02 AM / 9 years ago

PRESS DIGEST - New York Times business news - Dec 31

Dec 31 (Reuters) - The following were the top stories in The New York Times business pages on Thursday. Reuters has not verified these stories and does not vouch for their accuracy.

* Engineers at YouTube, the video site owned by Google Inc (GOOG.O), are fine-tuning the site to get visitors to stay longer and treat it more like regular old television.

* The Treasury Department said on Wednesday that it would give $3.8 billion more to GMAC Financial Services and become the auto lender’s majority owner because GMAC had been unable to raise sufficient capital on its own.

* The News Corp (NWSA.O) said on Wednesday that it looked doubtful that it would sign a new distribution contract with Time Warner Cable Inc TWC.N by Thursday night, increasing the likelihood that its Fox stations will be removed from cable lineups in millions of homes.

* The French Constitutional Council has rejected a tax on carbon emissions strongly backed by President Nicolas Sarkozy that was to take effect Friday. But his ruling conservative party said the measure would be redrafted so it could be passed into law next year.

* International Trade Commission, an American trade panel gave final approval on Wednesday for duties of 10 to 16 percent on Chinese-made steel pipe in the biggest United States trade case to date against China.

* General Motors [GM.UL] is allowing more time to find a buyer for Saab, a 62-year-old Swedish carmaker, but is proceeding with plans to start shutting it.

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