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PRESS DIGEST- New York Times business news - Oct 17
October 17, 2017 / 4:52 AM / a month ago

PRESS DIGEST- New York Times business news - Oct 17

Oct 17 (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.

- Netflix Inc will spend between $7 billion and $8 billion on content in 2018, up from the roughly $6 billion it will spend this year, the streaming service said while announcing its third-quarter earnings on Monday. nyti.ms/2ymC2bD

- Tarak Ben Ammar, one of three remaining Weinstein Company board members, said in a statement on Monday that the studio had reached a preliminary agreement with Colony Capital for an "immediate" cash infusion. nyti.ms/2ymUjph

- The family behind the 116-year-old Nordstrom Inc retail chain is shelving its efforts to go private until after the holiday season, the company said on Monday. nyti.ms/2ymUMrx

- A federal judge in Texas invalidated four key patents for the dry-eye treatment Restasis on Monday, dealing a blow to its manufacturer, Allergan Plc, which had sought to protect its patents by transferring them to a Native American tribe. nyti.ms/2ynWokO

Compiled by Bengaluru newsroom

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