Talking Biz News Today — May 7, 2020

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