PRESS DIGEST- New York Times business news – Jan 9

Jan 9 (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.

– The popular electronic toymaker VTech Electronics agreed to pay $650,000 to settle charges that it had collected digital data on children without parents’ permission and failed to keep that information secure from hackers, the Federal Trade Commission said Monday.

– Conde Nast has picked Samantha Barry to be the next editor in chief of Glamour. She will be first person with an exclusively digital and television background to lead a Conde Nast magazine.

– Federal regulators on Monday rejected a proposal by Energy Secretary Rick Perry to subsidize struggling coal and nuclear plants, in a major blow to the Trump administration’s efforts to revive America’s declining coal industry.

Compiled by Bengaluru newsroom

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