Carnival Soars After Saudi Sovereign-Wealth Fund Discloses Stake 

Shares in the company rose 24% after Saudi Arabia's Public Investment Fund disclosed an 8.2% stake in the world's largest cruise operator.

Coronavirus Hits Meat Plants 

The coronavirus pandemic is hitting U.S. meat operations, slowing and temporarily halting production at some plants as sickness and fear keep workers home.

PG&E's Settlement With California Fire Victims Is Fraying 

Lawyers who brokered the $13.5 billion deal with the utility now say they no longer support it and want changes, a stance that threatens PG&E's effort to exit bankruptcy by summer.

Warren Buffett's Death-Spiral Deal 

Berkshire Hathaway's financing of Occidental Petroleum's Anadarko deal could see it own a large chunk of the company if it gets paid in shares, unintentionally mimicking a predatory type of financing.

Banks Stand to Lose More Than $100 Million on Loan to Luckin's Chairman 

Loan default follows sharp decline in Luckin Coffee's share price after the Chinese coffee chain said much of its 2019 sales were fabricated.

Foursquare Merges With Factual, Another Location-Data Provider 

Foursquare Labs is merging with yet another location-focused startup, Factual, in an all-stock deal.

JPMorgan CEO Dimon Says He Is Expecting 'a Bad Recession' 

JPMorgan Chase CEO James Dimon said his bank hasn't sought looser regulations to help it handle the economic collapse caused by the virus, detailing instead its ability to keep lending in even more dire circumstances.

Car Insurers Give Millions in Coronavirus Refunds 

One of the largest car-insurance companies in the country, Allstate, and a smaller Midwestern auto insurer are refunding hundreds of millions of dollars to their policyholders.

DDB's Clark Departs for Dentsu 

Advertising holding company Dentsu named marketing veteran Wendy Clark as the global chief executive of the Dentsu Aegis Network, a collection of ad agencies.

SeaWorld Chief Executive Sergio Rivera Resigns After Five Months 

The theme-park company said its finance chief, Marc Swanson, is serving as interim chief executive amid a string of leadership changes at the company in the past few years.


(END) Dow Jones Newswires

April 06, 2020 17:15 ET (21:15 GMT)

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