Some of Friday’s top business news stories:
The Associated Press
From eggs to electronics to used cars, consumer inflation eased its grip on US households in July, by Paul Wiseman
Big fashion is getting bigger. Parent of Coach will buy Versace owner Capri in $8.5 billion deal, by Michelle Chapman
CNN
Consumer prices rose by 3.2% annually in July, picking up for the first time in 13 months, by Alicia Wallace
X is ‘close to breakeven’ says CEO Linda Yaccarino, by Clare Duffy
The Wall Street Journal
Amazon Cuts Dozens of House Brands as It Battles Costs, Regulators, by Dana Mattioli
Lyft to Expand Its Ad Business as New CEO Eyes a Turnaround, by Patrick Coffee
CNBC
Disney wants sports leagues as ESPN partners, but it’s not clear sports leagues want ESPN, by Alex Sherman and Lillian Rizzo
The average Manhattan rent just hit a new record of $5,588 a month, by Robert Frank
Reuters
UK retailer Wilko collapses, putting 12,500 jobs at risk, by James Davey and Muvija M
US inflation cooling as consumer prices rise moderately again, by Lucia Mutikani
News about business journalism:
Arnold named assistant biz editor at Dallas Morning News
Wired hires Drummond as next editor in chief
Modern Healthcare seeks a deputy editor
Bisnow hires Wangman as Chicago commercial real estate reporter
KERA News acquires Texas community newspaper
Disarray and discontent at Forbes
Reorg hires Haley to cover leveraged finance
FT taps Hodgson to serve as San Francisco correspondent
Talking Biz News Today – Aug. 10, 2023
