Talking Biz News Today – Dec. 17, 2015

Some of Thursday’s top business news stories:

The Wall Street Journal

Fed raises rates after seven years near zero, expects ‘gradual’ tightening path, by Jon Hilsenrath and Ben Leubsdorf

Valeant Pharmaceuticals slashes revenue, earnings guidance, by Michael Rapoport 

Quartz

The U.S. oil glut is inching ever closer to a new record, by Melvin Backman 

The Fed just raised rates! What does that mean for my mortgage?, by Alison Griswold 

Bloomberg

Puerto Rico will default in January or May, governor says, by Kasia Klimasinska and Michelle Kaske

Fed ends zero-rate era; Signals 4 quarter-point increases in 2016, by Christopher Condon

The Associated Press

Fed hike’s impact on consumers expected to be modest, by Christopher S. Rugaber

Workers unlikely to see relief from delay of health plan tax, by Ricardo Alonso-Zaldivar

Reuters

Apple’s stock dips as concerns mount about iPhone shipments, by Noel Randewich 

U.S. housing data signals economic strength; manufacturing weak, by Lucia Mutikani 

News about business journalism:

Chasan named sustainable finance editor at Bloomberg Brief

Tech site VentureFizz launches redesign

CNNMoney adds Mullen in Hong Kong

Kessler leaving NYTimes for Scripps’ DC bureau

This date in business journalism history:

2012: The access and accountability balancing act in business journalism

2008: Twitter and the business journalist

Business journalism birthdays: 

Dec. 17: Sougata Mukherjee with the Triangle Business Journal