PRESS DIGEST- New York Times business news - March 29

March 29 (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.

- Reversing clean power rules may lead to more drilling and

pipelines, but economics and state initiatives still favor

natural gas and renewable energy.

- South Korea's Samsung Electronics Co Ltd is

considering offering refurbished models of its canceled

smartphone, a move that has raised eyebrows in the technology


- Didi Chuxing, a company in China that last year bested

Uber in that huge ride-sharing market, is in

negotiations to get SoftBank of Japan to take part in a

multibillion-dollar investment round, according to people

familiar with the talks.

- Tencent Holdings Ltd, one of China's internet

giants, has acquired a 5 percent stake in Elon Musk's

electric-car maker Tesla Inc, according to a filing

with the United States Securities and Exchange Commission on


- BlackRock Inc is merging many actively managed

mutual funds with peers that rely more on algorithms and models

to pick stocks.

- The U.S. Food and Drug Administration approved on Tuesday

the first drug to treat a severe form of multiple sclerosis,

offering hope to patients who previously had no other options to

combat a relentless disease that leads to paralysis and

cognitive decline.

(Compiled by Aurindom Mukherjee in Bengaluru)