News Highlights: Top Company News of the Day
GM Looking to Build Second Battery Factory in U.S.
General Motors and joint-venture partner LG Chem are close to
completing a decision to locate the plant in Tennessee, said people
familiar with the matter.
Leaving Las Vegas Is the Right Move for Sands
Las Vegas Sands is selling its properties in Sin City to
concentrate more on its core business in Asia. For both the company
and investors, that looks like a win.
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.
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.
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.
Lufthansa Expects Demand to Rise But Cash Drain Continues
Lufthansa said it doesn't expect capacity to rise beyond 50% of
2019's levels this year and expected continued cash outflow of
around EUR300 a month in the first quarter, after the airline
reported an adjusted annual loss of EUR5.45 billion.
Aviva Reports Lower Profits, Italy Exit
Aviva reported a modest drop in operating profit for 2020 to
$3.16 billion and said it expects to make substantial returns to
shareholders after a number of disposals, including its Italian
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.
Hertz Stock Nosedives as Bankruptcy-Exit Plan Threatens to Wipe Out Holders
Shareholders receive no compensation under the car-rental
company's restructuring proposal.
(END) Dow Jones Newswires
March 04, 2021 07:15 ET (12:15 GMT)
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