Talking Biz News – March 30, 2022

Some of Wednesday’s top business news stories:

Associated Press

UnitedHealth to buy LHC Group for $5.4 billion, by Tom Murphy

FTC sues Intuit to stop ‘bait-and-switch’ TurboTax ads, by Tali Arbel

CNN

Companies are spending more than ever buying their own stock. Joe Biden wants to put a stop to that, by Nicole Goodkind

Hackers steal over $600 million from video game Axie Infinity’s Ronin network, by Jennifer Korn

The Wall Street Journal

Brand Loyalty Takes a Hit From Inflation, Shortages, by Jaewon Kang

Lululemon Posts Stronger Sales, Profit Despite Omicron Weighing on Business, by Charity L. Scott

CNBC

Covid upended the labor market, and now these workers are using their leverage to push for unions, by Kate Rogers

GM looks to increase electric Hummer production as reservations top 65,000, exceeding expectations, by Michael Wayland

Reuters

Micron says near-term output safe from Ukraine supply hit, costs to rise

Inversion of key U.S. yield curve slice is a recession alarm

News about business journalism 

Wallbank named breaking news ME for South/Southeast Asia, Australia, New Zealand

How travel industry site Skift survived the pandemic

FT hires Quach to edit newsletter

WSJ finance desk makes beat changes promotions, hires

Forbes IPO is pushed back again

Jones promoted to SVP of training, culture and community at Dow Jones

CNN tech and electronics editor Krol departs

Wigglesworth appointed editor of FT Alphaville