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Toyota, WeWork, Nike, Apple, Forever 21: Companies to Watch

Yahoo Finance
·2 min read

Here are the companies the Yahoo Finance team is watching for you today.

Toyota (TM) is partnering with a key Tesla supplier to make electric-vehicle batteries, Panasonic. Beginning April 1, Toyota will work with Panasonic in a joint venture called "Prime Planet Energy and Solutions." Any automaker will be able to buy the batteries, which will be square instead of the cylindrical batteries used by Tesla.

We're watching SoftBank (SFTBY) today after one of its biggest investments, WeWork, makes some changes. The company named real estate veteran Sandeep Mathrani as its new CEO. Mathrani has experience as CEO of both Brookfield Properties Retail Group and General Growth Properties and spent time as executive Vice President with Vornado Realty Trust. Hiring Mathrani is a critical move for WeWork to rebuild itself after former CEO Adam Neumann dug the company into a hole.

Nike’s (NKE) controversial Vaporfly sneakers will be permitted at the 2020 Tokyo Olympics. The shoe has been criticized for giving athletes an unfair advantage. The governing body for global track-and-field events issued new regulations saying that the soles of competition shoes can be no thicker than 40 millimeters. Nike’s Vaporfly soles are 36 millimeters. The rules also say that starting April 30th competition sneakers must be on the market for at least 4 months, making it impossible for competitors to create a similar shoe in time for this summer's Olympic games.

Apple (AAPL) will soon start making house calls. The company will send an authorized person to your house to fix your iPhone. It will only be available in six cities across the United States. No word if the tech giant plans to expand the program. You can go to Support.apple.com to see if your location is eligible.

Forever 21 is now under new ownership. Simon Property (SPG), Authentic Brands group and Brookfield Property partners will now control all of Forever 21's stores, its assets and its beauty line called RileyRose. The mall owners bought the retail chain in a bankruptcy auction for $81 million. Forever 21 filed for bankruptcy in September.