Some of Friday’s top business news stories:
Paramount decides it won’t sell majority stake in BET Media Group, source tells AP, by Jonathan Landrum Jr.
Maui residents fill philanthropic gaps while aid makes the long journey to the fire-stricken island, by James Pollard and Thalia Beaty
Blue Shield California ditches CVS for Amazon and Mark Cuban’s drug company, by Tami Luhby and Jordan Valinsky
Publishers see dramatic drop in Facebook referral traffic as the social platform signals exit from news business, by Oliver Darcy
The EV Startup Worth More Than GM Had Troubled U.S. Rollout, by Ryan Felton and Sean McLain
Walmart Lifts Sales Outlook, Fueled by Consumers Looking for Deals, by Sarah Nassauer
China’s property giant Evergrande files for bankruptcy protection in Manhattan court, by Sumathi Bala
Looming auto workers strike could cost $5 billion in just 10 days, new analysis says, by Michael Wayland
British consumers curb their shopping in rainy July, by William Schomberg and William James
Moderna’s updated COVID vaccine effective against ‘Eris’ variant in humans
Variety promotes Keslassy to international executive editor
WSJ Pro editor Zabkova departs for McKinsey & Co.
Associate editor Ponciano departs Forbes for B school
Is the media to blame for economic ignorance?
Stigler Center seeks applicants for its 12-week program
How The Economist is using short-form video to attract readers
Zaveri swaps Insider for Bloomberg
NBC News hires Melas as entertainment correspondent
NY Times news and features changes, ABC’s senior White House reporter, more media moves inside
Bloomberg hires Bello as India energy and commodities editor
Former CoinDesk editorial staffer Michael McSweeney writes about the recent happenings at the cryptocurrency news site, where…
Manas Pratap Singh, finance editor for LinkedIn News Europe, has left for a new opportunity…
Washington Post executive editor Matt Murray sent out the following on Friday: Dear All, Over the last…
The Financial Times has hired Barbara Moens to cover competition and tech in Brussels. She will start…
CNBC.com deputy technology editor Todd Haselton is leaving the news organization for a job at The Verge.…
Note from CNBC Business News senior vice president Dan Colarusso: After more than 27 years…