May 26 (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.
* Charter Communications Inc is close to buying Time Warner Cable Inc, and a deal could be announced as soon as Tuesday, people close to the talks said. ( http://nyti.ms/1J1jMlp )
* Similac's maker, the global health care company Abbott Laboratories, said it would first offer a "non-G.M.O." version of its best-selling Similac Advance, followed by a non-G.M.O. version of Similac Sensitive. Depending on sales, Abbott may offer other formulas free of such ingredients. ( http://nyti.ms/1RiWudT )
* The investigation into the rigging of global benchmark interest rates at last yields a trial, which may also prove a measure of British controls on the finance industry. The British authorities have charged Tom Hayes, a 35-year-old former trader from Citigroup and UBS Group AG with eight counts of conspiracy to commit fraud. ( http://nyti.ms/1eriFAp )
* A ruling against pension cuts and political divisions have made a dire situation worse for Illinois, as well as Chicago and its schools, which face shortfalls of their own. The shortfalls could potentially mean sharply higher taxes and cuts in spending. ( http://nyti.ms/1FMzBeQ )
* The European Court of Justice is expected to issue a preliminary decision over whether Facebook Inc can continue transferring data between Europe and the United States. ( http://nyti.ms/1HHark3 ) (Compiled by Zara Mascarenhas in Bengaluru)
