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 assets.

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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