Times Online is reporting that the NY Times is in talks about taking business news from Reuters in a deal similar to that which stablemate International Herald Tribune announced yesterday.

Times Online stated:

“The tie-ups are designed to augment both titles’ business coverage, in an attempt to fend off the competitive threat from The Wall Street Journal , which is due to be acquired by News Corporation, the parent company of The Times, this week.”

And later:

“Mr Oreskes [Mike Oreskes, editor-in-chief of the IHT],confirmed that there were “ongoing discussions” about a separate agreement to supply business news to The New York Times.”

Hope redundancies aren’t in the offing as a result…