Largest U.S. Car Insurer State Farm Rolls Out $2 Billion Consumer Financial Relief Program 

State Farm is slashing premiums owed on 40 million vehicles, making it the latest carrier to offer consumers a financial-relief program as auto claims have plunged under shelter-at-home restrictions.

Tobacco Giant Sues Rivals Over Patents for Cigarette Alternatives 

British American Tobacco is suing two of its biggest rivals, alleging the IQOS tobacco heating device developed by Philip Morris International and sold by Altria Group infringes on its U.S. patents.

U.S. Officials Target Chinese State-Owned Telecom Provider 

Trump administration officials sought to revoke federal licenses used by China Telecom to do business in the U.S., ratcheting up pressure on a state-owned enterprise close to Beijing.

Lufthansa Reassigns Finance Tasks Amid Sudden CFO Departure 

The economic fallout from the coronavirus pandemic is putting a strain on executive succession plans, with some companies resorting to unusual arrangements to fill key vacancies. A case in point: Deutsche Lufthansa.

BlackRock CEO Larry Fink Earns $25 Million in 2019 

BlackRock Chief Executive Laurence Fink earned $25.25 million last year, a 5% boost for an increasingly influential figure behind the U.S. government's response to the coronavirus crisis.

California Hedge Fund Bets on Volatility Spike, Reaps 400% Gain 

LongTail Alpha funds capitalized on the markets' reaction to the new coronavirus pandemic.

Morgan Stanley CEO Recovered From Coronavirus 

Morgan Stanley Chief Executive James Gorman said he has recovered from the new coronavirus, the most senior Wall Street executive known to have been infected.

Disney's Stream Turns Into a Torrent 

The pandemic sends a flood of new subscribers to Disney+, offsetting some of the company's other shutdown problems.

Merck Venture Arm Invests in Quantum Computing Startup Seeqc 

Quantum computing startup Seeqc has raised more than $11 million in venture capital funding from investors including a subsidiary of German company Merck KGaA, which is interested in using the technology for materials science and pharmaceutical development.

Franklin Prepares for Potential Chesapeake Debt Restructuring 

Mutual-fund company Franklin Resources is taking steps to prepare for a potential debt restructuring or bankruptcy of indebted oil-and-gas driller Chesapeake Energy.


(END) Dow Jones Newswires

April 09, 2020 19:00 ET (23:00 GMT)

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