Some of Wednesday’s top business news stories:
The Associated Press
Justice Dept. sues Google over digital advertising dominance, by Barbara Ortutay, Eric Tucker and Frank Bajak
Microsoft reports outage for Teams, Outlook, other services
CNN
America’s biggest banks are taking on Apple Pay and PayPal, by Chris Isidore
Microsoft quarterly profit falls 12% but cloud computing business shows strength, by Catherine Thorbecke
The Wall Street Journal
Rupert Murdoch Withdraws Proposal to Merge Fox Corp. and News Corp, by Jeffrey A. Trachtenberg and Jessica Toonkel
Tesla Eyes $3.6 Billion Factory Expansion, by Sabela Ojea
CNBC
Walmart raises minimum wage as retail labor market remains tight, by Melissa Repko
Inflation is cooling, but prices on many items are going to stay high for months, by Melissa Repko and Amelia Lucas
Reuters
Amazon warehouse workers at Coventry walk out over pay in UK first, by Muvija M
Amazon deepens healthcare push with $5 monthly subscription, by Jeffrey Dastin and Chavi Mehta
News about business journalism:
WSJ parent calls off proposed merger with Fox
CoinDesk names Keoun its ME of tech and protocols
Bloomberg senior executive editor Collins becomes chief product and tech officer
Politico’s Mueller to cover economic policy
The Economist promotes Guest to deputy editor
Bloomberg hires Trentmann to lead credit Americas team
STAT News hires Lawrence to cover medical devices
Dow Jones hires Fox from Consumer Reports for Buy Side from WSJ
Business Post appoints McConnell editor
Brugger to cover natural resources for E&E News
Senior editor Cohen among the Adweek layoffs
Bezos makes surprise visit to WaPo newsroom amid layoff fears
Vice News promotes McCready to APAC editor
Postmedia to go digital-only for 12 Alberta papers
Vox Media to axe 7 percent of its workforce
WaPo charitable initiative raises more than $400K for local charities
