Some of Friday’s top business news stories:
Associated Press
COVID-19 relief pushes U.S. budget deficit to a record $3.1T, by Andrew Taylor
IBM to spin off $19B business to focus on cloud computing
CNN
Square just bought $50 million in bitcoin, by Oliver Effron
The pandemic made 107,000 oil and gas jobs disappear. Most aren’t coming back anytime soon, by Matt Egan
The Wall Street Journal
WarnerMedia Plans Thousands of Job Cuts in Restructuring, by Drew FitzGerald, Joe Flint, Benjamin Mullin
H-1B Overhaul Pressures Outsourcing Firms and Their U.S. Clients, by Angus Loten
CNBC
LSE to sell Borsa Italiana stock exchange to Euronext for $5 billion, by Sam Meredith
Empty rental apartments in Manhattan triple, nearly hitting 16,000, by Robert Frank
Reuters
U.S. railroad Amtrak warns of 2,400 additional job losses without new bailout, by David Shepardson
Waymo opens driverless robo-taxi service to the public in Phoenix, by Joseph White
News about business journalism
Dallas Biz Journal hires Leffert to cover finance
Forbes is dropping the word “minority” from its content
The battle between a hedge fund and Footnoted
Bloomberg Media launches campaign to boost subscriptions
Investment Week taps Mason as editor
Kaiser Health News hires Bichell as reporter
Levine: The Bloomberg columnist who makes sense of Wall Street
