Some of Friday’s top business news stories:
Associated Press
3 million more US layoffs intensify fears of lasting damage, by Christopher Rugaber
Companies begin to navigate a world that is vastly changed
CNN
Delta will have twice as many pilots as it needs this fall, by Pete Muntean
Taiwan chip maker TSMC’s $12 billion Arizona factory could give the US an edge in manufacturing, by Sherisse Pham
The Wall Street Journal
Coronavirus Finishes the Retail Reckoning That Amazon Started, by Suzanne Kapner, Sarah Nassauer
Ford Tries to Soothe Weary Shareholders, by Mike Colias
CNBC
JC Penney is planning to file for bankruptcy in the next day, sources say, by Lauren Hirsch
GM’s self-driving unit Cruise to cut 8% of staff, by Michael Wayland
Reuters
Walt Disney World and unions agree on safeguards for returning to work, by Lisa Richwine
Nike warns of fourth-quarter hit from virus-related store closures, by Praveen Paramasivam
News about business journalism
Investigations editor among those laid off at Quartz
Biz journalist Trejos departs Travel Weekly
Quartz CEO Seward: We’re closing office spaces, execs cutting salaries by 20%
Quartz to undergo restructuring as ad revenue plummets, lays off 80
How Reuters went all-in with virtual events
Charleston Business returns with print magazine in May
