National Business

WASHINGTON — American industry collapsed in March as the pandemic wreaked havoc on the U.S. economy. Manufacturing and overall industrial production posted the biggest declines since the United States demobilized after World War II.

LOS ANGELES — A contentious interview with White House adviser Peter Navarro over the administration's response to the coronavirus helped “60 Minutes” earn the top spot in the ratings for the third time this season.

STELLARTON, N.S. — Empire Co. Ltd. is accelerating the launch of its Voila online grocery home delivery service in the Greater Toronto Area and expects to start tests later this month.

TORONTO — Fairfax Financial Holdings Ltd. is warning that it expects to lose US$1.4 billion in the first quarter because of the COVID-19 pandemic.

CALGARY — Shaw Communications Inc. says it is temporarily laying off about 10 per cent of its workforce effective Thursday as a result of "unpredictable conditions" created by the COVID-19 pandemic.

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (14,258.43, up 182.49 points.) B2Gold Corp. (TSX:BTO). Materials. Up seven cents, or 1.1 per cent, to $6.43 on 13.2 million shares.

TORONTO — Canada's main stock index resumed its climb in a broad-based rally despite another drop in crude oil prices since the U.S. brokered a supply cut deal.

ST. JOHN'S, N.L. — Newfoundland and Labrador's premier says the province's food supply is not at risk after a major shipping company suggested shipments to the island could be reduced due to the pandemic.

Johnson & Johnson, anticipating significant impact from the COVID-19 pandemic, slashed its 2020 sales forecast by billions of dollars and cut its profit expectations by about 15%. It's one of the first major U.S.

NEW YORK — Wells Fargo's profits plunged nearly 90% in the first quarter as the bank set aside billions of dollars in preparation for consumers and businesses defaulting on loans due to the coronavirus pandemic.