OLD Media News

Talking Biz News Today — May 1, 2020

Some of Friday’s top business news stories:

Associated Press

30 million have sought US unemployment aid since virus hit, by Christopher Rugaber

Apple pinched by pandemic; profit, iPhone sales decline, by Michael Liedtke

CNN

Global energy use suffers ‘historic shock.’ It’s like demand from India has been wiped out, by Julia Horowitz

GM and Ford lay out plans to restart their US factories, by Peter Valdes-Dapena

The Wall Street Journal

Amazon’s Sales Jump as Coronavirus Prompts Surge in Online Shopping, by Dana Mattioli, Sebastian Herrera

Meat Companies Want to Reopen, but Officials Fear New Wave of Coronavirus Infections, by Jacob Bunge, Jesse Newman, Kirk Maltais

CNBC

United Airlines swings to $1.7 billion loss in first quarter as bookings disappeared in coronavirus pandemic, by Leslie Josephs

  1. Crew is preparing for a bankruptcy filing that could come this weekend, by Lauren Hirsch

Reuters

Tesla cuts price for China-made Model 3 cars by 10% to qualify for subsidies, by Yilei SUn, Brenda Goh

Biggest U.S. banks says they submitted $45.8 billion in loans for emergency aid program, by Elizabeth Dilts Marshall, Michelle Price

News about business journalism

Porter joins Iraq Oil Report as senior correspondent

Business/financial is fastest-growing news area during pandemic

AP’s Moody hired as editorial director of Hollywood Reporter

WSJ hires Levitt as graphics reporter

Harding joins LinkedIn as producer of “Business Unusual” show

Reuters reporter Jalabi to cover Saudi Arabia

FT correspondent Buck promoted to managing editor

Fast Company has undergone a redesign

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