PRESS DIGEST-New York Times business news - Feb 18

Written By Unknown on Rabu, 18 Februari 2015 | 16.47

Wed Feb 18, 2015 12:56am EST

Feb 18 (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.

* A California nursing home fined by the state for substandard care and facing multiple lawsuits by patients and their families has taken the extreme measure of filing for bankruptcy protection in the face of millions of dollars in potential payouts. (nyti.ms/19uVu5O)

* Many business owners in Greece say relief from austerity measures imposed by foreign creditors will not be enough to reinvigorate growth. (nyti.ms/1AjXUge)

* The Singaporean government's plan to stall a property boom that had become a symbol of inequality has worked only too well. A property sales tax of 18 percent for foreigners has reduced buyers' enthusiasm. (nyti.ms/1zmFQ2m)

* Snapchat is raising a round of venture capital that could value the company at up to $19 billion, according to a person with knowledge of the discussions. (nyti.ms/1MwbxPP)

* Boston Scientific Corp agreed to pay Johnson & Johnson $600 million in connection with Johnson & Johnson's botched acquisition of Guidant, a medical device company, in 2004. (nyti.ms/1yV3fGQ) (Compiled by Zara Mascarenhas in Bengaluru)


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