Some of Thursday’s top business news stories:
Associated Press
OxyContin maker Purdue Pharma to plead to 3 criminal charges, by Michael Balsamo, Geoff Mulvihill
Tesla posts net profit for fifth straight quarter, by Tom Krisher
CNN
Short-form video app Quibi is shutting down after just six months, by Frank Pallotta, Clare Duffy
JPMorgan is taking on Square with a new card reader, by Oliver Effron
The Wall Street Journal
Electric-Vehicle Startups Are Wall Street’s Hot New Thing. No Revenue? No Problem., by Eliot Brown
Boeing Discussing New Plane as It Starts to Emerge From 737 MAX Crisis, by Benjamin Katz
CNBC
Chipotle shares fall despite earnings beat, as robust delivery growth weighs on profits, by Amelia Lucas
Regal shuttered 500 theaters two weeks ago, now it’s opening up 11 in New York, by Sarah Whitten
Reuters
Amazon announces $100 million logistics investment in Mexico, by Daina Beth Solomon
U.S. economy’s rebound sets up test of Fed’s new pledge, by Ann Saphir, Jonnelle Marte
News about business journalism
NY Times’ Smialek signs book deal about the Fed
How a WSJ reporting tool turned into a feature for readers
Why Tesla dropping its PR department is bad news for biz journalism
How The Economist has increased subscriber retention
Business Insider hires Atkinson as chief media correspondent
Bloomberg names Moore its ME for EMEA finance coverage
Mercury News reporter Castañeda on the importance of talking to people
How Bartiromo juggles the balls in the air
HBR’s Ignatius honored as 2020 Business News Visionary
Kay shifts to Bloomberg Asia team to cover pandemic, health and biz
