Some of Tuesday’s top business news stories:
Associated Press
Wildfires during pandemic intensify economic pain in West, by Paul Wiseman
Daimler AG to pay $1.5B to settle emissions cheating probes, by Michael Balsamo, Tom Krishner
CNN
The world may never consume more oil than in 2019, BP says, by Hanna Ziady
YouTube announces its own TikTok competitor, by Kaya Yurieff
The Wall Street Journal
Verizon to Buy TracFone in Deal Valued at Nearly $7 Billion, by Drew FitzGerald
Delta to Use Frequent-Flier Program to Raise $6.5 Billion, by Alison Sider
CNBC
General Motors to unveil Hummer EV pickup with ‘crab mode’ in October, by Michael Wayland
Klarna becomes Europe’s biggest fintech unicorn at over $10 billion valuation after mega-round, by Riley de Leon
Reuters
Citi to boost risk and control investment after operational error: CFO
Berkshire’s BNSF names first female CEO of big U.S. railroad
News about business journalism
Efrati named executive editor at The Information
NY Times’ Dealbook hires Livni to cover politics, law from DC
Grocery Dive hires Moran as associate editor
Chicago Daily Law Bulletin digital editor Meyer departs
Journalist Abellard joins Bloomberg QuickTake
ACBJ creating national design desks, laying off designers
Law360 hires Sanders as senior reporter covering legal industry
MLex reporter Acton moving to San Francisco
RedVentures to acquire CNET for $500 million
Louisville Biz First publisher on why it’s covering diversity
FT’s editor Khalaf on the unpredictable pandemic environment
