Trump Administration Orders 167 Million Face Masks From 3M

President Trump said the government would buy nearly 167 million masks from 3M in the next three months, resolving a spat with the industrial conglomerate over efforts to ramp up the supply of gear for frontline health-care workers.

 
Airbnb Raises $1 Billion From Silver Lake, Sixth Street Partners

The company said it has raised $1 billion in funding from private-equity firms Silver Lake and Sixth Street Partners as it struggles with the decimation of the travel and hospitality industry due to the coronavirus pandemic.

 
Carnival Soars After Saudi Sovereign-Wealth Fund Discloses Stake

Shares in the company rose 20% 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.

(END) Dow Jones Newswires

April 06, 2020 19:15 ET (23:15 GMT)

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