Damian Paletta named Washington Post’s new economic editor

Damian Paletta has been appointed the Washington Post’s new economic editor. Paletta joins the editing team after spending several years at The Post as one of the country’s leading writers covering the White House and economic policy. Since joining The Post in early 2017, he has broken major stories about the Trump era — government […]

Philadelphia Business Journal seeks graphic designer

The Philadelphia Business Journal is looking for a graphic designer. (https://acbj.com/careers/detail/20190813:142135) This person will work on the marketing/advertising design needs of Philadelphia Business Journal as well as assist with the layout of the weekly newspaper. The successful candidate will be the lead designer on marketing, advertising and signature event campaigns, including print ads, digital ads, […]

Longtime journalist at Detroit News dies at 74

George Bullard, who had numerous roles at The Detroit News over a career that spanned more than three decades, died Friday after battling health issues including cancer. He was 74. (https://www.detroitnews.com/story/obituaries/2019/08/09/former-detroit-news-reporter-editor-george-bullard-dies/1972938001/) “He just loved this business,” said editorial page editor Nolan Finley, a longtime colleague. “He loved to break news. He loved to get a […]

Goldman Sachs warns of looming recession

Investment bank Goldman Sachs is warning that President Donald’s Trump’s trade war with China is increasing the odds of a recession, reports Martha C. White of NBC News. In a research note released Sunday, Goldman Sachs chief economist Jan Hatzius said, “We have increased our estimate of the growth impact of the trade war.” Fourth-quarter […]

Hip sneaker-maker Allbirds to sock it to customers with new product

Allbirds, the San Francisco-based retailer of comfy wool sneakers, is expanding beyond shoes and getting into socks, reports Lauren Thomas of CNBC. (https://www.cnbc.com/2019/08/13/allbirds-known-for-its-wool-sneakers-is-getting-into-the-apparel-business.html) The shoemaker said Tuesday it will begin selling three styles of socks, retailing between $12 and $16, online and at its five bricks-and-mortar shops in the U.S. Like its existing line-up of shoes, […]

Saudi Armco to team up with India’s Reliance to form oil conglomerate

The world’s biggest crude producer will soon own a part of the world’s biggest oil refinery, reports Bloomberg. (https://www.bloomberg.com/news/articles/2019-08-12/reliance-to-sell-20-of-refining-to-saudis-at-75-billion-value) Saudi Armco will buy a 20-per-cent stake in the oils-to-chemicals business of India’s Reliance Industries Ltd., including the 1.24 million barrels-a-day Jamnagar refining complex on the country’s west coast, Reliance Chairman Mukesh Ambani said at the […]

CBS and Viacom in final stages of merger talks

CBS Corp. and Viacom Inc. are in the final stages of negotiating a deal that would reunite mogul Sumner Redstone’s media empire in the hopes of creating a more formidable competitor to the entertainment industry’s giants, reports Benjamin Mullin and Dana Cimilluca of the Wall Street Journal. (https://www.wsj.com/articles/cbs-viacom-in-final-stages-of-deal-talks-11565614901?mod=hp_lead_pos4) The two sides are still working out […]

Monsanto accused of discrediting singer Neil Young and Reuters writer

Monsanto operated a “fusion center” to monitor and discredit journalists and activists and targeted a reporter who wrote a critical book on the company, documents reveal. The agrochemical corporation also investigated the singer Neil Young and wrote an internal memo on his social media activity and music, according to a report in The Guardian. (https://www.theguardian.com/business/2019/aug/07/monsanto-fusion-center-journalists-roundup-neil-young) The records […]

Peter Jamison joins local enterprise team at the Washington Post

Peter Jamison is joining the local enterprise team of the Washington Post. He has been covering D.C. politics and government since joining the Post three years ago. Jamison made his mark writing stories about fatal lapses in care at the District’s only public hospital, including the death of a pregnant woman and her baby and a man with AIDS who […]

Investigation into Epstein’s finances continues despite death

Geoffrey Berman, the U.S. attorney for Manhattan, said on Saturday his office’s investigation into Jeffrey Epstein and those around him would continue, despite his death. Executives at the companies with the deepest connections to Epstein expect that federal prosecutors will intensify their focus on his financial affairs, reports the New York times. (nyti.ms/2YHqs8H) Prosecutors have […]