PRESS DIGEST- New York Times business news - Sept 7

Wed Sep 7, 2016 5:35am GMT

Sept 7 (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.

- Volkswagen AG said on Tuesday that its truck and bus business had agreed to acquire a 16.6 percent stake in the Navistar International Corp, an American commercial truck maker, giving it a greater access to the North American commercial vehicle market.

- A study of Australian women, released this week by the Cass Business School in London, the University of Warwick and the University of Wisconsin found that when comparing men and women who work similar hours, men got a raise 20 percent of the time they asked, compared with 16 percent for women.

- Fox News's parent company spent $20 million on Tuesday to settle a lawsuit brought by a former anchor, Gretchen Carlson, whose allegations of sexual harassment toppled the network's powerful chairman, Roger Ailes, and engulfed the company in crisis.

- William Ackman's Pershing Square Capital Management acquired the option to purchase 2.9 million shares in Chipotle Mexican Grill Inc, which represents a 9.9 percent stake, according to a regulatory filing on Tuesday. With the investment, worth about $1.2 billion at Tuesday's closing prices, Ackman becomes the company's second-largest shareholder after Fidelity Investments.   Continued...

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