Some of Tuesday’s top business news stories:
Associated Press
GM sheds money drain, gains cash with sale of European unit, by Angela Charlton and Tom Krisher
Senate votes to scrap Obama-era labor rule, by Kevin Freking
Bloomberg
Snap tumbles for first time after IPO as analysts say sell, by Shelly Hagan
Exxon is steering its construction dollars back to U.S., by Joe Carroll
Fortune
People in charge of charities make a lot more than you think, by Maya Rhodan
Biotech billionaire accused of funneling donations back to companies, by Sy Mukherjee
Reuters
Wall Street slips on wiretap accusation, geopolitical worries, by Chuck Mikolajczak
GM will lay off 1,100 in Michigan after domestic production shift, by David Shepardson
News about business journalism
When a newspaper kept a biz news “secret,” or did it?
How WSJ’s Davis got into covering economics
Business news site launches in Brooklyn
Bloomberg Businessweek’s Grobart hired as executive editor of CNN Tech
WSJ’s Ho joins Hearst Newspapers
Dow Jones launches Moneyish, personal finance site for millennials
Dow Jones, union agree to keep contract in place for 2017
The date in business journalism
2012: TheStreet names new CEO
