Some of Thursday’s top business news stories:
Associated Press
April jobs data to show epic losses and soaring unemployment, by Christopher Rugaber
US firms return virus loans as Treasury threatens penalties, by Marcy Gordon, Matt Ott, Damian Troise
CNN
Big tech had a strong first quarter. The next one could be much harder, by Clare Duffy
The US is becoming the king of debt. It’s a necessary risk, by Matt Egan
The Wall Street Journal
Uber, Lyft Cut Costs as Fewer People Take Rides Amid Coronavirus Pandemic, by Tim Higgins, Parmy Olson
MGM Resorts Warns 63,000 Workers of Possible Layoffs, by Katherine Sayre
CNBC
Airlines want relief from flying near-empty planes as passenger numbers hit lowest since the 1950s amid virus, by Leslie Josephs
WHO says ‘there can be no going back to business as usual’ after coronavirus pandemic, by Berkeley Lovelace Jr., William Feuer
Reuters
T-Mobile beats phone subscriber estimates as lockdown creates demand surge, by Arriana McLymore, Anirban Sen
Smithfield Foods to restart South Dakota pork plant from May 7, by Ann Maria Shibu
News about business journalism
Crain’s Cleveland hires Jarboe as enterprise reporter
WSJ’s “Heard on the Street” hires new staffer, promotes another
WSJ wins three Human Rights Press Awards
Bloomberg Law hires Kullgren to cover labor
CNN’s Jason Farkas talks covering COVID-19
The Gazette hires Steppe as its new biz reporter
