Some of Monday’s top business news stories:
The Associated Press
Alaska Air to buy Hawaiian Airlines in a $1.9 billion deal that may attract regulator scrutiny
Spotify axes 17% of workforce in third round of layoffs this year
CNN
Walmart is the latest advertiser to pull ads from Elon Musk’s X, by Nathaniel Meyersohn, Parija Kavilanz and Samantha Murphy Kelly
Amazon taps SpaceX for satellite launch even though Jeff Bezos is right there, by Jackie Wattles
The Wall Street Journal
Elliott’s Push at Phillips 66 Looks Familiar, by Jinjoo Lee
Global Advertising Growth Is Expected to Slow in 2024, Excluding Elections Spending, by Megan Graham
CNBC
Media stocks jump after report says Apple, Paramount are discussing streaming bundle, by Drew Richardson
Southwest, pilots union near a preliminary labor deal, the last of the major U.S. airlines, by Leslie Josephs
Reuters
UK’s Lloyds Bank receives Telegraph debt from Barclay family
News about business journalism:
Media Movers: Charter’s Kevin Delaney
Breen, first Fast Company editorial staffer, dies
Dow Jones CEO Latour on its 2023 growth
AP names Rubinsky its global business editor
Adweek names Ruderman its chief content officer
Business Insider promoted story in snarky Reddit
Vox tech reporter Morrison among those laid off
