WSJ names new managing editor; new editor at Consumer Reports; Hearst launches 'green' site; Fortune tries to one-up Portfolio

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WSJ names new M.E.: Marcus Brauchli is now managing editor of The Wall Street Journal. Brauchli, previously a global news editor and foreign correspondent for the Journal, succeeds longtime managing editor Paul Steiger, who retires.

New editor at Consumer Reports: Kimberly Kleman, who's been at the mag for 10 years, moves up to the top editorial spot. She replaces Margot Slade, who left the magazine last October.