Some of Friday’s top business news stories:
Associated Press
Record economic plunge, bleak jobs numbers reveal virus toll, by Martin Crutsinger, Paul Wiseman
Amid the pandemic, Big Tech reports mixed earnings, by Michael Liedtke, Matt O’Brien, Joseph Pisani, Tali Arbel
CNN
Amazon trounces earnings estimates despite spending $4 billion on coronavirus measures, Clare Duffy
Lamborghini’s new supercar isn’t legal to drive on public roads, by Peter Valdes-Dapena
The Wall Street Journal
Auto Giants Swing to Loss During Coronavirus-Driven Downturn, by Mike Colias, Ruth Bender
Gilead Raises 2020 Profit Outlook on Remdesivir Demand, by Joseph Walker, Maria Armental
CNBC
Tax hike on California millionaires would create 54% tax rate, by Robert Frank
Coastal flooding could hit nearly 20% of global GDP as climate change accelerates storms, sea level rise, by Emma Newburger
Reuters
Taking on SpaceX, Amazon to invest $10 billion in satellite broadband plan, by David Shepardson, Joey Roulette
Buffett’s Berkshire boosts its stake in Bank of America to 11.8%, by Jonathan Stempel
News about business journalism
Reuters voluntary work from home extended to January 2021
Biz journalist Madowo joins BBC World as U.S. correspondent
Homans, editor of Vanity Fair’s The Hive, has died
NationalReview launches business and finance section
Ex-BuzzFeed political correspondent Ashton to join Bloomberg
Wall Street Journal editor in chief Emma Tucker sent out the following on Thursday: Today we announced…
Clare Malone of The New York writes about Hunterbrook, which is using reporting from journalists to…
The Hollywood Reporter awards editor Tyler Coates is leaving the news organization. His last day will be…
Laura Purkess has been promoted to consumer features editor at The Sun. She will maintain…
Pat Ferrier, senior business reporter at the Coloradoan in Fort Collins, is retiring after 23…
Financial news site TheStreet.com has hired Conway Gittens as an anchor and video producer. His most recent…