Talking Biz News Today — May 15, 2020

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

LinkedIn Editorial changes name to LinkedIn News

WSJ. Magazine to skip August issue