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PRESS DIGEST- New York Times business news - April 11
April 11, 2017 / 5:11 AM / 8 months ago

PRESS DIGEST- New York Times business news - April 11

April 11 (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.

- Jana Partners, the activist hedge fund founded by Barry Rosenstein, criticized Whole Foods Market's brand development, customer service and distribution strategy, and nominated four candidates for the company's board.

- The British authorities are investigating Barclays and its American chief executive, James Staley, after he admitted to trying to learn the identity of the author of an anonymous letter.

- Wells Fargo said on Monday it would claw back an additional $75 million in compensation from the two executives on whom it pinned most of the blame for the company's scandal over fraudulent accounts: the bank's former chief executive, John Stumpf, and its former head of community banking, Carrie Tolstedt.

- Adding to this year's flurry of law firm combinations, Boies Schiller Flexner said on Monday it would take the West Coast litigation firm Caldwell Leslie & Proctor under its wing starting next week.

- In the latest move by a major automaker to enhance its American manufacturing operations, Toyota said it would invest more than $1.3 billion to upgrade its assembly plant in Kentucky. (Compiled by Vishal Sridhar in Bengaluru)

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