Some of Wednesday’s top business news stories:
The Associated Press
IRS to waive $1 billion in penalties for people and firms owing back taxes for 2020 or 2021, by Fatima Hussein
Retailers are improving their delivery speeds, meaning good news for late holiday shoppers, by Haleluya Hadero and Anne D’Innocenzio
CNN
Southwest, pilots reach preliminary agreement for contract worth $12 billion, by Samantha Delouya
Alibaba makes leadership changes after bruising by rival’s success, by Diksha Madhok and Juliana Liu
The Wall Street Journal
Tesla Supplier Panasonic Drops Plan for Oklahoma EV Battery Factory, by River Davis
Volkswagen Job Cuts to Help Save Flagship Brand $4.37 Billion Next Year, by David Sachs and Joshua Kirby
CNBC
FedEx shares tumble 9% after weaker demand hit revenue outlook, by Leslie Josephs
Target blamed theft and violence for 9 store closures. Crime is higher at locations it kept open nearby, by Gabrielle Fonrouge
Reuters
Affirm offers ‘buy now, pay later’ loans at Walmart self-checkouts, by Siddharth Cavale
Google plans ad sales restructuring as automation booms – The Information
News about business journalism:
FT names Ross its acting international economy news editor
Economist president Cohn named CEO of Baltimore Banner
Why the news media is important to the economy
Decrypt is merging with Rug Radio
Gulliver-Needham leaving Investment Week for City AM
Hays, former WSJ and Bloomberg editor, becomes CEO of The Fuller Project
Mother Jones merger, a Qwoted 100 PR superstar, UK’s Times names culture and books ed
Joselow moving to new assignment at Washington Post
Punchbowl News hires Weiss to cover taxes, financial services
