FTC Builds Antitrust Case Around Altria's Noncompete Pact With Juul

The Marlboro maker exited the e-cigarette market in the days before the $12.8 billion deal, a suit says.

 
GM Seeks Tariff Relief for Ventilator Parts

The car maker is asking the Trump administration to drop import tariffs on Chinese parts needed to make ventilators, saying the levies will make it more expensive to build desperately needed machines that can save lives.

 
Hallmark Cuts Staff and Pay, Seeing No End to 'Steep Declines'

Hallmark Cards will cut pay for its corporate workers and furlough "non business-critical" employees by mid-April, as the coronavirus pandemic cripples its already weakened greeting-card business.

 
Walmart's U.S. Store Sales Jumped 20% in Past Month

Sales at the retailer rose rapidly in stores and online in recent weeks as shoppers, worried about the spread of coronavirus, rushed to stockpile water, face masks and canned goods before shifting their focus to necessities for a prolonged stretch at home.

 
Warehouse Hiring Surge Defies Crashing U.S. Jobs Market

Warehousing companies defied the national rush to eliminate jobs in March, adding thousands of new hires as consumer stockpiling of food and household goods placed heavy demand on distribution networks.

 
Ernst & Young Says It First Found Accounting Issues at Luckin

The accounting firm said it uncovered the problems at China's Luckin Coffee, which have hammered the Starbucks challenger's stock and cast doubt over a large part of the company's sales last year.

 
3M, Under White House Attack, Pushes Back

The company said it is raising domestic mask production, importing masks from its plant in China and taking action against price-gouging on masks that medical workers need to treat patients infected with the new coronavirus.

 
JPMorgan Seeks Full Ownership of Chinese Fund-Management Venture

JPMorgan Chase said it plans to seek full ownership of its Chinese fund-management joint venture, opening a path to becoming the first foreign firm to do so in China's asset-management industry.

 
Local TV Sees Spike in Viewers, Drop in Ads in Coronavirus Crisis

Local television stations are experiencing a rare surge in viewership as more Americans tune in for coronavirus updates. But the stations are unlikely to benefit financially because of a cutback in advertising spending.

 
Marlboro Owner's Antitrust Case Adds to the Burn

Altria's fraught investment in e-cigarette company Juul Labs will take even longer to redeem following a challenge by the Federal Trade Commission.

(END) Dow Jones Newswires

April 03, 2020 19:15 ET (23:15 GMT)

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