Some of Wednesday’s top business news stories:
Associated Press
US tariffs on China are illegal, says world trade body, by Jamey Keaten
FedEx’s profit jumps as residential deliveries soar, by Cathy Bussewitz
CNN
Apple reveals two new watches, two new iPads and a subscription bundle, by Rishi Iyengar
LEGO to phase out single-use plastic packaging, by Hanna Ziady
The Wall Street Journal
China’s ByteDance to Keep Majority TikTok Stake in Oracle Deal Under U.S. Consideration, by Kate Davidson, Georgia Wells, Michael C. Bender
FTC Preparing Possible Antitrust Suit Against Facebook, by Brent Kendall, John D. McKinnon, Ryan Tracy
CNBC
Blackstone warns of a ‘lost decade’ where stock market returns are ‘anemic’, by Yen Nee Lee
Kraft Heinz looks to revamp Oscar Mayer brand, cut 20% of products, as it rethinks business, by Amelia Lucas
Reuters
Fed expected to raise economic forecasts, extend vow to keep rates low, by Ann Saphir, Howard Schneider
Exclusive: AT&T considers cellphone plans subsidized by ads, by Sheila Dang, Helen Coster, Krystal Hu, Kenneth Li
News about business journalism
Austin Biz Journal hires Hardison to cover economic development
Ex-WSJer Narisetti receives ONA’s Jaroslovsky Award
Bloomberg Industry Group to lay off 21 employees
Media startup Contrarian Acquires Lou Carlozo’s “Bankadelic” podcast
Economist has tripled its subscribers from LinkedIn
Bradham joins Bloomberg as full-time reporter
Fortune launches Fortune Connect aimed at mid-tier executives
