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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The Pittsburgh Business Times is seeking a reporter to join our newsroom. Our reporters must…
Tom Cantlon of DCReport.org writes about the lack of labor coverage at major news organizations. Cantlon…
Amir Efrati of The Information sent out the following on Friday to the staff: Team, Please…
Semafor has promoted Prashant Rao to global managing editor. He has been a senior editor in London,…
Jennifer Ablan, the editor in chief of Hawaii Business, writes about her first year on…