Some of Wednesday’s top business news stories:
Associated Press
Automaker Stellantis reaps $15B profit in 1st year of merger
US ports to get $450M to speed flow of goods, lower prices, by Hope Yen
CNN
Macy’s and Kohl’s get in a knife fight with Wall Street, by Nathaniel Meyersohn
How a battery shortage could threaten US national security, by Matt McFarland
The Wall Street Journal
Some Companies Ditch Annual Raises and Review Worker Pay More Often, by Lauren Weber, Chip Cutter
Standard General to Buy TV Broadcaster Tegna for $5.4 Billion, by Will Feuer
CNBC
Macy’s earnings top estimates, retailer says it won’t spin off e-commerce from stores, by Lauren Thomas
Beam Suntory CEO says 2021 sales rose 11%, as shift to high-end spirits pays off, by Amelia Lucas
Reuters
Rio Tinto rides iron ore gains to post record profit, pay $17 bln dividend, by Praveen Menon
UPS loses $2 billion euro claim for EU veto on TNT bid, by Foo Yun Chee
News about business journalism
Inside the high turnover at CoStar Group
Bank Director hires Alix as director of research
What’s behind Quartz’s Africa strategy
Cooper now covering state and local taxes for Bloomberg Law
Handler now covering appeals court for Bloomberg Law
Daily Dot promotes Wyrich to newsletter editor
Rummer joins The Block as managing editor
