Some of Wednesday’s top business news stories:
The Wall Street Journal
Spirit Airlines names industry veteran Fornaro as new CEO, by Tess Stynes
Volkswagen shares fall on fears of bigger U.S. penalty, by Aruna Viswanatha and Mike Spector
Bloomberg
This time Mideast tensions are bad news for oil, by Angelina Rascouet and Anthony Dipaola
Fitbit takes on Apple Watch with the Blaze, by Stephen Pulvirent
The Associated Press
Iran, Saudi Arabia tensions can’t halt slide in oil prices, by David Koenig
Yahoo pulls plug on video hub as CEO refocuses company
Reuters
Major U.S. airlines up fares in sign of first sector-wide hike since June, by Jeffrey Dastin
U.S. auto sales on pace for record year in 2015 after strong December, by Bernie Woodall
Quartz
A cornerstone of Marissa Mayer’s plan to turn around Yahoo is crumbling, by Alice Truong
Lululemon has snapped back into shape for 2016, by Marc Bain
News about business journalism:
Dow Jones creates new publishing unit headed by Latour
Fast Company hired VentureBeat’s Sullivan
The Verge is trying to shed its male-centered image
Price tag for Dolan biz papers: $35 million
FT shuffles senior editors, with more to come
Wired expands transportation coverage
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