Talking Biz News Today – Aug. 11, 2023

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

Northwestern alums land plum jobs at Cosmo, ABC in Dallas; AP makes D.C. bureau move, trouble at Forbes

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