Asset sales

October 09, 2020 - 12:55 pm
BERLIN (AP) — The German government said Friday it has halted the planned purchase of next-generation assault rifles for the military, following claims that the chosen supplier may have breached a rival's patent. Germany's Defense Ministry said in a statement that it “obtained verifiable...
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October 09, 2020 - 7:32 am
LONDON (AP) — The London Stock Exchange Group has agreed to sell its holding in the parent company of the Italian stock exchange to rival Euronext for at least 4.33 billion euros ($5.11 billion). The LSE said Friday that it began talks to sell Borsa Italiana Group because of expectations that...
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September 22, 2020 - 12:50 pm
BERLIN (AP) — Ten cities around the world on Tuesday joined New York and London in committing to divest from fossil fuel companies as part of efforts to combat climate change. Berlin, Cape Town, Los Angeles, New Orleans, Oslo and others pledged to take “all possible steps to divest city assets from...
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September 15, 2020 - 5:14 pm
Kraft Heinz said Tuesday that it is selling its natural cheese business — including its Cracker Barrel and Breakstone’s brands — to French dairy company Lactalis Group as part of a larger restructuring. The $3.2 billion sale includes Kraft Heinz production facilities in Tulare, California; Walton,...
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FILE - In this July 21, 2020 file photo, a man opens social media app 'TikTok' on his cell phone, in Islamabad, Pakistan. The owner of TikTok has chosen Oracle over Microsoft as the American tech partner that could help keep the popular video-sharing app running in the U.S., according to a source familiar with the deal who was not authorized to speak publicly about it. (AP Photo/Anjum Naveed, File)
September 14, 2020 - 5:54 am
HONG KONG (AP) — TikTok’s parent company ByteDance has chosen Oracle over Microsoft as a new American technology partner to help keep the popular video-sharing app operating in the U.S., according to a source familiar with the deal. Microsoft, which had been vying for a deal, said in a statement...
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FILE - This Feb. 25, 2020, file photo, shows the icon for TikTok in New York. The video app said it will wage a legal fight against the Trump Administration’s efforts to ban the popular, Chinese-owned service over national-security concerns. TikTok, which is owned by China’s ByteDance, insisted that it not is a national-security threat and that the government is acting without evidence or due process. The company said it will file suit against the government later Monday, Aug. 24 in federal court in California. (AP Photo/File)
August 24, 2020 - 3:37 pm
NEW YORK (AP) — Video app TikTok is suing the Trump Administration over its efforts to ban the popular Chinese-owned service over national-security concerns. TikTok, which is owned by China's ByteDance, insisted Monday that it is not a national-security threat and that the government is acting to “...
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FILE - In this Aug. 17, 2017 file photo, Emilio Lozoya, former head of Mexico's state-owned oil company Pemex, gives a press conference in Mexico City. Lozoya, who was arrested in February 2020 by Spanish police on an international warrant issued by Mexico, has dropped his extradition fight and agreed to return to Mexico to cooperate in corruption investigations, according to Attorney General Alejandro Gertz Manero on Tuesday, June 30, 2020. (AP Photo/Gustavo Martinez Contreras, File)
August 20, 2020 - 8:35 am
MEXICO CITY (AP) — In some of the most explosive accusations in recent Mexican political history, the former head of the state-owned oil company directly accused former President Enrique Peña Nieto and his treasury secretary of directing a scheme of kickbacks and embezzlement directly from the...
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President Donald Trump walks over to speak with the press after arriving on Air Force One at Morristown Municipal Airport in Morristown, N.J., Friday, Aug. 14, 2020. Trump heading to New York to visit with his younger brother, Robert Trump, who has been hospitalized in New York. (AP Photo/Susan Walsh)
August 14, 2020 - 9:18 pm
WASHINGTON (AP) — President Donald Trump on Friday gave the Chinese company ByteDance 90 days to divest itself of any assets used to support the popular TikTok app in the United States. Trump’s executive order said there is “credible evidence that leads me to believe that ByteDance … might take...
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FILE - This Jan 22, 2020, file photo shows a Ravn Connect airplane landing at the airstrip in Toksook Bay, Alaska. The largest rural airline in Alaska has declared bankruptcy and laid off more than a thousand workers but wants $250,000 in bonuses to be awarded to its chief executive and other employees. Alaska Public Radio reported that RavnAir Group filed the request Tuesday, Aug. 11, 2020 in Delaware bankruptcy court. (AP Photo/Mark Thiessen, File)
August 13, 2020 - 5:24 pm
ANCHORAGE, Alaska (AP) — The largest rural airline in Alaska has declared bankruptcy and laid off more than a thousand workers but wants to award $250,000 in bonus money to its chief executive and other employees. Anchorage-based RavnAir Group filed the request Tuesday in Delaware bankruptcy court...
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A man wearing a shirt promoting TikTok is seen at an Apple store in Beijing on Friday, July 17, 2020. U. S. President Donald Trump says he wants to take action to ban TikTok, a popular Chinese-owned video app that has been a source of national security and censorship concerns. (AP Photo/Ng Han Guan)
August 02, 2020 - 9:05 pm
NEW YORK (AP) — Microsoft confirmed Sunday it is in talks with Chinese company ByteDance to acquire the U.S. arm of its popular video app TikTok and has discussed with President Donald Trump his concerns about security and censorship surrounding such an acquisition. In a statement, Microsoft said...
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