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Economy Briefs: Brauchli out at Washington Post; Globe’s Baron tapped

- - Tuesday, November 13, 2012

Marcus Brauchli, executive editor of The Washington Post for the past four years, is stepping down at the end of the year and will be replaced by Marty Baron, editor of the Boston Globe.

Mr. Brauchli will become vice president of The Washington Post Co., working with Chairman Don Graham “to review and evaluate new media opportunities,” the company said.

Mr. Baron has presided over the Boston Globe since July 2001. During that time, the newspaper has won six Pulitzer Prizes. Mr. Baron started his career as a reporter at the Miami Herald in 1976 and was executive editor there before joining the Globe. He also has held top editing positions at The New York Times and Los Angeles Times. He will start at the Post on Jan. 2.

RETAIL

Food subscription service launched by Wal-Mart

NEW YORK — Wal-Mart Stores Inc. on Wednesday officially launches its mail subscription service, called Goodies, that will let shoppers discover new foods from their homes.

For a monthly fee of $7 that includes tax and shipping, customers will receive a box of five to eight hand-picked samples, ranging from organic to ethnic products that are not currently carried on Wal-Mart's shelves. If customers like the products, they can purchase full-size versions on goodies.co.

MINNESOTA

Last I-35W bridge case settled by state

ST. PAUL — Minnesota's five-year legal battle over the collapsed Interstate 35W bridge has ended with an $8.9 million settlement involving a California design firm, which paid its final installment Tuesday.

The deal was struck in October. The Associated Press learned of the settlement through a disclosure of pending cases the state makes ahead of bond sales.

Thirteen people died and 145 more were injured when the eight-lane bridge buckled and fell into the Mississippi River during the evening rush hour Aug. 1, 2007.

MEXICO

Facing bankruptcy, Acapulco urges rescue

MEXICO CITY — The mayor of Acapulco, one of Mexico's top tourist spots, declared the beach resort in "technical bankruptcy" on Tuesday and called on the federal government to "come to the rescue."

Mayor Luis Walton said the city government was unable to pay a debt of more than $170 million.

"We are in a state of technical bankruptcy," he said, accusing the previous administration of inflating public wages and signing contracts worth millions that cannot be paid.

From wire dispatches and staff reports