Media News

Talking Biz News Today – Dec. 20, 2023

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

Mariam Ahmed

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