Some of Wednesday’s top business news stories:
Associated Press
Senators heap criticism on Wells Fargo CEO, who apologizes, by Marcy Gordon and Ken Sweet
FedEx beats Street forecasts with 1Q profit of $715 million, by David Koenig
Fortune
Why Allergan is willing to pay so much for this biotech, by Sy Mukherjee
Ernst & Young was just fined $9.3 million for inappropriate client relationships, by Madeline Farber
MarketWatch.com
Wells Fargo stock jumps after Morgan Stanley turns bullish, by Tomi Kilgore
At $300,000 a year, Sarepta’s new drug is considered a steal, by Emma Court
Reuters
Full Hanjin ship can not dock because there’s no plan to leave, by Tom Hals and Jim Christie
U.S. gas prices rise as Colonial fixes pipeline leak, by Devika Krishna Kumar
News about business journalism
Consumer Reports undergoes makeover
Reuters names Stone its aerospace/defense reporter
Fox Business beats CNBC for the week
Yahoo Finance hires Udland from Business Insider
WSJ makes changes to Money & Investing team
Politico to expand health care coverage, hire three new reporters
The date in business journalism
2011: TheStreet.com strikes content deal with Metro daily
2006: New editor at Washington Business Journal
Business journalism birthday
Sept. 21: Thomas Black of Bloomberg News
Sept. 21: Alex Martin of The Wall Street Journal
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