Some of Tuesday’s top business news stories:
The Associated Press
Fed official: SVB itself was main cause of bank’s failure, by Christopher Rugaber
Deal to buy Silicon Valley Bank calms bank fears, for now, by Stan Choe
CNN
Chipotle agrees to pay ex-employees after closing store that tried to unionize, by Chris Isidore
Disney begins laying off 7,000 employees, CEO Bob Iger announces, by Jon Passantino
The Wall Street Journal
For Chip Makers, a Choice Between the U.S. and China Looms, by Yuka Hayashi and Jiyoung Sohn
Facebook Parent Plans Lower Bonus Payouts for Some Staff, by Salvador Rodriguez
CNBC
Alibaba to split into 6 units and explore IPOs; shares pop 7%, by Arjun Kharpal
Virgin Orbit extends unpaid pause as Brown deal collapses, ‘dynamic’ talks continue, by Michael Sheetz
Reuters
UK retailers turn positive on sales hopes after bleak winter
Amazon loses bid to toss consumer antitrust lawsuit, by Mike Scarcella
News about business journalism:
Endpoints News has hired three new editorial staffers
Bloomberg Tax hires ALM’s Walker
Bloomberg Opinion hires Williams as an editor
Forbes hires CoStar’s Hamilton as a reporter
Cincy Biz Courier names Demeropolis its new editor
D.C.’s Grid acquires Messenger, Qwoted 100’s latest PR star, Capitol Hill beat changes
Daily Business Review promotes VanOstrand to bureau chief
The Economist names Ogunbiyi co-host of “The Intelligence”
The Telegraph hires Hinchliffe as a personal finance reporter
Goldstein named executive editor of global weekends at Bloomberg
Speight joins Trusted Reviews as a computing editor
Talking Biz News Today – March 27, 2023
Qwoted 100: Maria Amezquita, in the know at Hill + Knowlton
