PRESS DIGEST-New York Times business news - Oct 12


Oct 12 (Reuters) - The following are the top stories on theNew York Times business pages on Friday. Reuters has notverified these stories and does not vouch for their accuracy.

* Sprint Nextel Corp said Thursday that it was indiscussions with SoftBank Corp over a "potentialsubstantial investment". The talks, which began this summer,center on SoftBank, a Japanese telecommunications company,paying $12.5 billion for a stake of about 70 percent in Sprint,according to a person briefed on the matter.

* Carl Icahn escalated his proxy fight with the vehiclemaker Oshkosh Corp on Thursday by offering to take overthe company for $32.50 a share, or about $3 billion.

* After months of battling sweltering heat and drought, abit of good news emerged for farmers on Thursday: theAgriculture Department revised its estimates for soybeanproduction higher, a sign that the drought had less of an impacton the crop than feared.

* The solar panel manufacturing industry in the UnitedStates and Europe has begun a volley of trade cases againstimports, following the same track as the steel industry beforeit - and for many of the same reasons.

(Compiled by Bangalore Newsroom)

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