Talking Biz News — Oct. 27, 2021

Some of Wednesday’s top business news stories:

Associated Press

Google ads gain fuels profit for parent company Alphabet

“Buy it when you see it.” Retailers dread holiday shortages, by Mae Anderson

CNN
Wall Street’s $1 trillion club is growing. Don’t pop the champagne, by Julia Horowitz

UPS just posted record-breaking profits, plans to hike prices in 2022, by Moira Ritter

The Wall Street Journal

Corporate Minimum Tax Resurfaces as Democrats Hunt for Money, by Richard Rubin, Theo Francis

GE’s Profit Rises, but Supply-Chain Woes Weigh on Sales, by Thomas Gryta

CNBC

Food companies could see $3 billion in monthly sales vanish, as low-income households get squeezed, by Melissa Repko

Biden hopes fines on lingering cargo ships ease congestion at major U.S. ports, by Amanda Macias

Reuters

U.S. demand for oil surges, depleting tanks in Oklahoma, by Stephanie Kelly

UN urges G20 to ensure finance sector’s climate pledges are solid, by Simon Jessop

News about business journalism 

FT hires Bernal as deputy tech news editor

Turk joins Rest of World as features director

Forbes deputy wealth editor Wang exits

Bloomberg names Collins its Washington bureau chief

Fast Company senior editor Schwab set to leave

WSJ hires Munslow as senior platform editor

Bloomberg taps Shepard as executive editor for US government news

WSJ reporter Horwitz to write book on Facebook

Costar hires Orlando Biz Journal’s Witthaus

Wee of NY Times moves from biz desk to SE Asia bureau chief

WSJ senior editor Davis to retire after 39 years

Rankin joins Thomson Reuters Foundation as producer

Insider hires Long of Seattle Times to cover Amazon