News Highlights: Top Company News of the Day
March 03 2021 - 11:30PM
Dow Jones News
Disney Closing at Least 60 Stores in North America
The company said it will focus more on e-commerce while reducing
the number of brick-and-mortar locations it operates.
Amazon in Talks to Carry Many NFL Games Exclusively on Prime Video
TV networks also are expected to pay nearly twice as much for
new rights to Sunday and Monday games.
Okta to Acquire Customer-Authentication Provider for $6.5 Billion
The deal for Auth0 would help expand the company's focus beyond
its workplace-based identity software.
Jeep-Owner Stellantis Is Open to Dropping Cherokee Name
CEO Carlos Tavares said the auto company is holding talks with
the Cherokee Nation over use of the Native American tribe's name in
Jeep's line of vehicles.
Starboard Takes Elanco Stake, Nominates Three to Its Board
Activist investor Starboard has taken a stake in Elanco Animal
Health and nominated three directors to the company's board,
according to people familiar with the matter.
Hertz Stock Nosedives as Bankruptcy-Exit Plan Threatens to Wipe Out Holders
Shareholders receive no compensation under the car-rental
company's restructuring proposal.
Coinbase Transactions Under Review by U.S. Sanctions Enforcer
The largest U.S.-based cryptocurrency exchange in a regulatory
filing said it has submitted disclosures to or responded to
administrative subpoenas from the U.S. Treasury Department's Office
of Foreign Assets Control.
Google to Stop Selling Ads Based on Web Browsing
The Alphabet company said that it plans next year to stop using
or investing in tracking technologies that uniquely identify web
users as they move from site to site across the internet.
FedEx Delivery Delays Stretch for Weeks in Wake of Storms
Customers gripe, but the company says it is adding shifts and
expects service to return to normal by the end of the week.
Parler Files New Lawsuit Against Amazon
The social-media platform popular among conservatives and other
right-wing users is continuing its dispute with the tech giant,
which cut services to Parler after the Jan. 6 Capitol riot.
(END) Dow Jones Newswires
March 03, 2021 23:15 ET (04:15 GMT)
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