Some of Friday’s top business news stories:
Associated Press
Justice Dept. names prosecutor to go after pandemic fraud, by Jennifer McDermot
In an about-face, liberal US cities target homeless camps, by Sara Cline
CNN
Manhattan rents rise to an all-time high, by Anna Bahney
Key inflation measure jumps to highest level since January 1982, by Anneken Tappe
The Wall Street Journal
Rivian Automotive Curtails Production in 2022 Due to Supply-Chain Disruptions, by Mike Colias
Southern California’s Ports Are Catching Their Breath During Import Lull, by Paul Berger
CNBC
Moderna CEO Bancel’s golden parachute soared by hundreds of millions over the pandemic, by Spencer Kimball
Rising airfares are giving people spring break sticker shock, by Chris DiLella, Seema Mody
Reuters
Investors expect U.S. earnings hit as war boosts inflation, by Caroline Valetkevitch
Japan’s Toyota to cut production by between 5%-20% from previous plan
News about business journalism
Indianapolis Biz Journal hires Bradley as a reporter
Quartz EIC Bell on how to run a global newsroom
MIT Tech Review hires Crownhart to cover energy and climate
The WSJ’s “As we Work” podcast hopes to create a community
LA Times hires Briscoe to cover environment and air quality
Insider taps Tangalakis-Lipper on the breaking news team
Wired hires Gizmodo’s Couts to be a senior editor
NBC News taps Sorkin to host series for streaming service
