October 18, 2021

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PRESS DIGEST- New York Times business news

Sept 28 (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.

– Ford Motor significantly increased its commitment to electric cars and trucks by announcing that it would spend billions of dollars to build three battery factories and an electric truck plant in the United States, creating 11,000 jobs over the next four years. https://nyti.ms/3AR2Bmi

– Two Federal Reserve officials Robert S. Kaplan and Eric S. Rosengren embroiled in controversy for trading securities that could have benefited from the central bank’s 2020 intervention in financial markets announced on Monday that they would leave their positions. https://nyti.ms/3iag6pS

– Southern California Gas and its parent company, Sempra Energy, have agreed to pay up to $1.8 billion as part of a settlement agreement announced on Monday related to the nation’s biggest natural gas leak. https://nyti.ms/3ERZCMN

– Facebook said that it had paused development of an Instagram Kids service that would be tailored for children 13 years old or younger, as the social network increasingly faces questions about the app’s effect on young people’s mental health. https://nyti.ms/3lXYdeI (Compiled by Bengaluru newsroom)

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