PRESS DIGEST- New York Times business news - May 5

May 5 (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.

- Tesla Motors said it was confident it could accelerate production to meet high demand for its forthcoming Model 3 electric vehicle, despite the departure of two top manufacturing executives. (http://nyti.ms/1T2C7Gs)

- U.S. Federal safety regulators said long-term exposure to environmental moisture and wide temperature fluctuations caused airbags made by Takata to rupture violently. (http://nyti.ms/24z88I7)

- Tribune Publishing sent a letter to Gannett saying its board had unanimously rejected the $815 million takeover offer, which included debt and other liabilities and represented a significant premium above Tribune's share price. (http://nyti.ms/1rWgFam)

- Chinese company Xintong Tiandi has won the right to sell its leather goods under the iPhone trademark after years of legal back-and-forth with Apple, according to an article in Chinese state news media. (http://nyti.ms/1VKKPtk)

- The European Central Bank on Wednesday announced an end to the 500-euro bank note, worth roughly $575, in a move aimed at hampering cash transactions by drug dealers and money launderers. (http://nyti.ms/1W9dSXo) (Compiled by Vishal Sridhar in Bengaluru)