Some of Wednesday’s top business news stories:
Associated Press
Facebook to shut down face-recognition system, delete data, by Matt O’Brien, Barbara Ortutay
US says oil, gas sales damage climate — but won’t stop them, by Matthew Brown
CNN
Yahoo pulls out of China for good, by Jordan Valinsky
Zillow to exit its home buying business, cut 25% of staff, by Anna Bahney
The Wall Street Journal
Lyft Reports Higher Revenue as Ridership Returns, by Kimberly Chin
Justice Department Sues to Block Penguin Random House’s Acquisition of Simon & Schuster, by Brent Kendall, Jeffrey A. Trachtenberg
CNBC
Oreo cookies, Ritz crackers and Sour Patch Kids will cost more next year, Mondelez CEO says, by Sarah Whitten
Nike is quietly preparing for the metaverse, by Jessica Golden
Reuters
With bond-buying ‘taper’ in the bag, Fed turns a wary eye to inflation, by Howard Schneider
Next’s online strength drives 17% sales rise in latest quarter, by James Davey
News about business journalism
Knight-Bagehot program now accepting applications for 22-23
Yendall joins Bloomberg as line producer
Economist tech and biz editor Booth joins PR firm
BuzzFeed, STAT, CNBC win 2021 EPPY Awards
TheStreet hires Bondarenko as staff writer
CNN Business reporter Benveniste to join NY Times games team
CNBC.com hires Waters as DC-based video producer
Law360 taps Mejdrich to cover employee benefits
Nisen departs Bloomberg Opinion for Bloomberg Intelligence
Reuters parent reports better-than-expected earnings, raises forecast
