Sheriff Quashes Elon Musk's Aim to Keep Tesla Production Humming

The sheriff's office in the county home of Tesla's California car factory said the auto maker must halt production, putting a brake on CEO Elon Musk's plans to work despite statewide efforts to mitigate the coronavirus pandemic.

 
Boeing Asks for $60 Billion in Aid for U.S. Aerospace Industry

Boeing said it was seeking at least $60 billion to aid the U.S. aerospace industry as the plane maker, its suppliers and airline customers face fallout from the coronavirus crisis.

 
Hotels Seek $150 Billion in Aid as Travel Plummets

The U.S. hotel industry asked the Trump administration for a $150 billion bailout Tuesday, joining the growing ranks of businesses appealing to the federal government to stave off insolvency after getting hammered by the fallout of the coronavirus.

 
Najafi and Trinity Offer to Buy Tegna

The private-equity firm and the faith-based broadcaster have offered cash consideration of $20 a share, adding to a crowded field of suitors.

 
SoftBank Backs Away From Part of Planned WeWork Bailout

SoftBank Group is backing away from part of its planned bailout of WeWork, people familiar with the matter said, privately citing several regulatory investigations of the office-sharing company.

 
Fox Corp. to Buy Streaming Service Tubi

The company has struck a deal to acquire the streaming service in a deal worth as much as $490 million.

 
Disney Looks to Sell TrueX, Ad-Tech Firm It Absorbed From Fox

Walt Disney is looking to sell TrueX, an advertising-technology company it absorbed as part of its $71.3 billion acquisition of 21st Century Fox assets last year, according to people familiar with the matter.

 
FedEx Pulls Guidance, Will Reduce Capacity as Coronavirus Slows Economy

FedEx Corp. pulled its financial forecasts and said it would continue to reduce its delivery capacity, as the coronavirus pandemic disrupts global trade patterns and economic activity.

 
United Airlines Announces Cancellation of More Flights

United Airlines said is cutting more flights than it had planned a few days ago, due to the sharp decline in travel demand.

 
New FDA Test Policy Could Boost Availability, But Reduce Reliability

A federal agency's decision to allow lab companies to release coronavirus tests without prior government approval should help ease the shortage of test kits, but at the potential cost of compromised results, medical experts said.

(END) Dow Jones Newswires

March 18, 2020 01:15 ET (05:15 GMT)

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