Bank of New York Mellon Names Gibbons CEO, Removing Interim Tag

Bank of New York Mellon Corp. said it named Todd Gibbons as chief executive. He has been interim CEO since last fall.

 
GM Hustles to Pump Out Ventilators to Fight Coronavirus

When President Trump last week criticized General Motors' effort to produce ventilators, executives were flabbergasted. GM began collaborating with a ventilator company a couple of weeks earlier, and has mobilized more than 1,000 employees and nearly 100 auto suppliers for the task.

 
Macy's to Furlough Most Workers

The retailer will furlough the majority of its employees beginning this week as sales have evaporated while its stores remain closed due to the coronavirus.

 
Johnson & Johnson to Begin Human Trials of Covid-19 Vaccine by September

Johnson & Johnson said that it had made progress on a vaccine to prevent Covid-19 and that the product could be ready in early 2021.

 
Pier 1 Imports Cancels Bankruptcy Auction as Coronavirus Chills Potential Bids

Pier 1 Imports has canceled an auction to sell itself out of chapter 11 as senior lenders opted to take ownership of home-goods retailer, the latest corporate bankruptcy to be upended by the coronavirus pandemic.

 
Pressure Mounts on Insurance Companies to Pay Out for Coronavirus

Lawmakers and regulators are pressuring insurers to go beyond the legal language of policies to get cash to Americans amid the mounting cost of shutdowns from the coronavirus pandemic.

 
Medtronic Publishes Design Specs for Ventilator to Combat Coronavirus

Medtronic Plc said it would publicly share the design specifications for a ventilator product to allow other companies to explore producing it rapidly to help meet demand driven by the new coronavirus.

 
Exor Makes $200 Million Investment in Ride-Share Company Via

Exor, the holding company of Italy's Agnelli family, is investing in Via Transportation, marking its first big foray into the technology sector.

 
Facebook Pledges $100 Million for News Outlets Hit by Coronavirus Outbreak

The tech giant is pledging $100 million in grant money and promised ad spending to help struggling news outlets weather the financial blow of the coronavirus outbreak.

 
Loss of Live Sports Changes ESPN's Marketing Plans

Walt Disney Co.'s ESPN has had to significantly revamp its programming with the loss of live sports during the coronavirus pandemic, and now it's altering its marketing as well.

(END) Dow Jones Newswires

March 30, 2020 15:00 ET (19:00 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.