Some of Friday’s top business news stories:
Associated Press
US wholesale prices rose record 8.6% over 12 months, by Martin Crutsinger
Bank profits soar, helped by merger frenzy, fewer bad loans
CNN
Business leaders expect supply chain turmoil to last well into 2022, by Jordan Valinsky
Mortgage rates are going up again, by Anna Bahney
The Wall Street Journal
Jana Partners Takes Stake in Macy’s, Urges E-Commerce Spinoff, by Dana Cimilluca, Cara Lombardo
Effort to Bar Tech Companies From ‘Self-Preferencing’ Gains Traction, by John D. McKinnon
CNBC
Head of Uber Freight says the U.S. is in a ‘shipping Armageddon’ and there’s no one solution, by Kevin Stankiewicz
Walgreens shares surge as CEO Roz Brewer outlines plans to make health care its growth engine, by Melissa Repko
Reuters
J&J puts talc liabilities into bankruptcy, by Mike Spector, Dan Levine
U.S. port’s supply chain fix challenge: selling 24/7 shifts, by Lisa Baertlein
News about business journalism
Kelly switches to oil beat at Reuters
Bloomberg hires Rangarajan as senior investigative data reporter
Stacker hires Etkin as head of content strategy
Consumer Reports has hired a chief strategy officer
Markets reporter Ro to start Substack newsletter
Marsh to cover politics for Reuters in Germany
Bloomberg Businessweek reject challenges to its MBA rankings
The Logic hires Snyder as Alberta correspondent
Lin joins IHS Markit as climate and sustainability reporter
CNET hires Bricknell as senior editor
Regional publisher Archant to boost energy coverage
