Uncle Ben's Changes Brand Rooted in Racist Imagery

Mars is changing the name of Uncle Ben's rice to Ben's Original and dropping the image of a bow-tied Black man from its packaging. 


 
Volkswagen Trucking Business Invests in Self-Driving Truck Developer TuSimple

Volkswagen unit Traton Group will work with TuSimple to develop self-driving trucks and take a stake in the technology company as part of their agreement. 


 
Stitch Fix Is Nearing the End of Its Vertical Runway

Stitch Fix's fiscal fourth-quarter results on Tuesday were clearly not the showstopper Wall Street had hoped for. 


 
Palantir Projects Full-Year Revenue to Surpass $1 Billion

Palantir Technologies expects revenue to top $1 billion this year, as the company unveils its outlook ahead of its long-anticipated stock listing following decades of teasing the market with plans to go public. 


 
Nike's Quick Rebound Could Lead to Sprains

While there is much to be excited about, keeping up with a soaring valuation could prove difficult. 


 
United Wholesale Mortgage to Go Public Via Merger With Gores SPAC

The biggest wholesale mortgage originator in the U.S. is merging with a special-purpose acquisition company in a deal that will take the lender public at a valuation north of $16 billion. 


 
ViacomCBS Stays All In on Showtime

The company's CEO, Bob Bakish, holds that the premium network, with its original shows, movies and boxing, is strong enough to compete on its own, rather than as part of the coming Paramount+ streaming service. 


 
KKR to Invest $754.9 Million in Reliance Industries' Retail Unit

Reliance Industries said that U.S. private-equity company KKR's investment would represent a 1.3% stake in Reliance Retail Ventures Ltd. 


 
Fracking-Services Company FTS International Files for Bankruptcy

Texas-based FTS International filed for bankruptcy protection after reaching an agreement with creditors on a debt-for-equity swap following a downturn in the energy sector and lower demand for its services. 


 
Musk Promises $25,000 Tesla Using Cheaper Batteries

The company has an eventual annual production target of 20 million vehicles, potentially becoming the world's largest auto maker.