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.

 
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.

 
HSBC Appoints Noel Quinn as Permanent CEO 
 

HSBC Holdings appointed Noel Quinn as its permanent chief executive, seven months after he assumed the leadership position on an interim basis.

 
Vitamin Retailer GNC Says It Might Default on Debt Due This Year 
 

GNC Holdings said it might not be able to repay a loan that is coming due in May and that it will delay filing its annual earnings report.

(END) Dow Jones Newswires

March 17, 2020 21:15 ET (01:15 GMT)