Business

[ad_1] The Jeep owner’s chief said he was ready to ditch the Cherokee name from vehicles after recent criticism from the Native American tribal leader. Carlos Tavares, Managing Director of the recently formed Stellantis STLA -2.71% NV, said the company is engaged in a dialogue with the Cherokee Nation over its use of the name. … Read more

[ad_1] Disney said on Wednesday that it will close 20% of its physical Disney Stores before the end of the year as part of a greater focus on its e-commerce business. At least 60 of its North American locations will close, the company said, citing changing consumer behavior and a desire to link its online … Read more

[ad_1] Okta CEO Todd McKinnon Okta Okta, whose cloud-based software allows office workers to access all of their apps through a secure online service, said on Wednesday it was spending $ 6.5 billion to acquire rival Auth0. Okta shares plunged about 13% in extended trading after the announcement. The all-stock deal is equivalent to around … Read more

[ad_1] Las Vegas Sands (LVS) announced on Wednesday that it had agreed to sell its properties in Las Vegas for around $ 6.25 billion as it focused on its operations in Asia. LVS stock rose. X Global management of Apollo (APO) will acquire Las Vegas real estate and operations including the Venetian Resort Las Vegas … Read more

[ad_1] Ford has finally shed light on the extent of the delays in the deployment of its first mainstream electric car, the Mustang Mach-E SUV. After the company announced on Wednesday that it had shipped 3,739 Mustang Mach-Es in February – the first full month of deliveries – it said The edge in a statement … Read more

[ad_1] There are now 3 different COVID-19 vaccines that are authorized for use in the United States. Two are mRNA-based (Pfizer, Moderna), while one is an adenovirus (Johnson & Johnson). Dr Fauci explained how they differ in action, but said “the ultimate end game” is the same. Visit Insider’s Business section for more stories. The … Read more

[ad_1] Las Vegas Sands is selling the iconic Venetian Casino and its Sands Expo and Convention Center for $ 6.25 billion, withdrawing from gambling operations on the Las Vegas Strip after changing the nature of casinos there and pretty much everywhere else. The name of the Venetian, the exhibition center as well as the Palazzo, … Read more

[ad_1] Lumber prices are skyrocketing and are also pushing up house prices. FOX Business’ Lydia Hu with more. Demand for mortgage applications remained lukewarm last week, with rates reaching their highest level since July. Total mortgage volume increased by a seasonally adjusted rate of 0.5% during the week ended Feb. 26, according to the Mortgage … Read more

[ad_1] A worker delivers groceries to a customer’s vehicle outside a Walmart Inc. store in Amsterdam, New York on Friday, May 15, 2020. Angus Mordant | Bloomberg via Getty Images Walmart said Wednesday that it plans to support U.S. manufacturers by spending an additional $ 350 billion over the next decade on items made, grown … Read more