YEEZY SHOES STUCK IN LIMBO:

Adidas still hasn’t figured out what to do with $1.3 billion worth of high-end Yeezy sneakers after splitting with the rapper formerly known as Kanye West. The shoes have been sitting in warehouses for nearly seven months since the German sportswear company ended ties with Ye over his antisemitic and other offensive remarks. CEO Bjorn Gulden said Friday that Adidas is “getting closer and closer to making a decision.” He’s declined to say if destroying the shoes had been ruled out, but the company is “trying to avoid that.” Adidas reported that the breakup cost it $441 million in lost sales at the start of the year.

FORD RECALLS SOME VEHICLES:

Ford Motor Co. is recalling certain 2004 to 2006 Ranger vehicles because replacement front passenger air bag inflators may have been installed incorrectly. The National Highway Traffic Safety Administration said in a letter that the recall includes 231,942 vehicles. The vehicles had received replacement front passenger air bag inflators under a previous recall. The NHTSA said that an incorrectly installed inflator may not properly inflate the passenger air bag. Dealers will inspect and reinstall the front passenger air bag inflator, if needed, for free. Contact Ford customer service at (866) 436-7332 or NHTSA at (888) 327-4236.

ARCONIC GOING PRIVATE:

Aluminum maker Arconic is being taken private by Apollo Global Management in a deal worth $5.2 billion. Arconic shareholders will receive $30 per share in cash. Arconic is the company once known as Alcoa. Alcoa Inc. spun off its alumina and bauxite operations in 2016 into a company called Alcoa Corp., while Arconic became the company that produces rolled and plate aluminum, as well as products for the aerospace and industrial sector.