Some of Thursday’s top business news stories:
The Wall Street Journal
Fed raises rates after seven years near zero, expects ‘gradual’ tightening path, by Jon Hilsenrath and Ben Leubsdorf
Valeant Pharmaceuticals slashes revenue, earnings guidance, by Michael Rapoport
Quartz
The U.S. oil glut is inching ever closer to a new record, by Melvin Backman
The Fed just raised rates! What does that mean for my mortgage?, by Alison Griswold
Bloomberg
Puerto Rico will default in January or May, governor says, by Kasia Klimasinska and Michelle Kaske
Fed ends zero-rate era; Signals 4 quarter-point increases in 2016, by Christopher Condon
The Associated Press
Fed hike’s impact on consumers expected to be modest, by Christopher S. Rugaber
Workers unlikely to see relief from delay of health plan tax, by Ricardo Alonso-Zaldivar
Reuters
Apple’s stock dips as concerns mount about iPhone shipments, by Noel Randewich
U.S. housing data signals economic strength; manufacturing weak, by Lucia Mutikani
News about business journalism:
Chasan named sustainable finance editor at Bloomberg Brief
Tech site VentureFizz launches redesign
CNNMoney adds Mullen in Hong Kong
Kessler leaving NYTimes for Scripps’ DC bureau
This date in business journalism history:
2012: The access and accountability balancing act in business journalism
2008: Twitter and the business journalist
Business journalism birthdays:
Dec. 17: Sougata Mukherjee with the Triangle Business Journal
