Asset sales

FILE - In this Aug. 16, 2019, file photo the logo for General Electric appears above a trading post on the floor of the New York Stock Exchange. GE is selling its lighting unit to smart home company Savant Systems for an undisclosed amount. GE Chairman and CEO H. Lawrence Culp, Jr. said in a statement Wednesday, May 27, 2020, that the transaction is part of GE's ongoing process to be a more focused industrial company. (AP Photo/Richard Drew, File)
May 27, 2020 - 8:58 am
BOSTON (AP) — GE is selling its lighting unit to smart home company Savant Systems for an undisclosed amount. General Electric Co. Chairman and CEO H. Lawrence Culp Jr. said in a statement Wednesday that the transaction is part of GE's ongoing process to be a more focused industrial company. The...
Read More
FILE - In this Monday, May 4, 2020 file photo, aircraft of German Lufthansa airline are parked on a runway at the airport in Frankfurt, Germany. German airline Lufthansa said Monday May 25, 2020, it has received approval for a 9 billion-euro ($9.8 billion) "stabilization package” from a government support fund to keep the company going through the turbulence from the coronavirus outbreak, but cautions the deal has not been approved by the European Union's executive commission. (AP Photo/Michael Probst, File)
May 25, 2020 - 1:18 pm
FRANKFURT, Germany (AP) — Germany on Monday approved a 9 billion-euro ($9.8 billion) aid package for stricken airline Lufthansa to keep a major employer going through the turbulence of the coronavirus pandemic. But officials said Berlin was still in talks with the European Union's executive...
Read More
May 22, 2020 - 10:48 pm
CARACAS, Venezuela (AP) — A U.S. judge on Friday approved moving forward with the sale of Venezuela’s prized U.S.-based CITGO refineries, allowing a Canadian mining company to collect $1.4 billion it lost in a decade-old takeover in the South American nation by the late socialist President Hugo...
Read More
FILE - In this Aug. 27, 2018 file photo, Russian President Vladimir Putin, left, listens to Russian Rosneft CEO Igor Sechin during his flight to visit Chernigovets coal mine, in Beryozovsky, Kemerovo region, Russia. On Tuesday, Feb. 18, 2020, the Treasury Department slapped sanctions on Rosneft’s trading arm and its CEO, accusing the Geneva-based firm of providing a critical lifeline to Venezuela’s President Nicolas Maduro. (Alexei Druzhinin, Sputnik, Kremlin Pool Photo via AP, File)
March 28, 2020 - 7:55 pm
MOSCOW (AP) — Russia's Rosneft has transferred its assets in Venezuela to a company fully owned by Vladimir Putin's government, a move apparently intended to shield Russia's largest oil producer from U.S. sanctions while Moscow continues showing support for Venezuelan President Nicolás Maduro in...
Read More
March 20, 2020 - 6:11 pm
SACRAMENTO, Calif. (AP) — Pacific Gas & Electric and California Gov. Gavin Newsom announced a deal Friday for the nation's largest utility to emerge from bankruptcy triggered by massive liabilities from wildfires. The governor’s office announced that PG&E agreed overhaul its board and...
Read More
Democratic presidential candidate and former New York City Mayor Michael Bloomberg speaks during a campaign rally at the Buffalo Soldier Museum in Houston, Thursday, Feb. 13, 2020. Houston Mayor Sylvester Turner stands at right. (Elizabeth Conley/Houston Chronicle via AP)
AP Newsroom
February 18, 2020 - 9:09 pm
SACRAMENTO, Calif. (AP) — Mike Bloomberg would sell the financial data and media company he created in the 1980s — which bears his name and made him a multibillionaire — if he is elected U.S. president, a top adviser said Tuesday. Bloomberg would put Bloomberg LP into a blind trust, and the trustee...
Read More
February 18, 2020 - 8:24 am
SAN MATEO, Calif. (AP) — Franklin Resources is buying competitor Legg Mason for $4.5 billion, creating a financial company with a combined $1.5 trillion in assets under management. Franklin Resources Inc., which operates as Franklin Templeton, said Tuesday that it will pay $50 for each Legg Mason...
Read More
FILE - In this Feb. 19, 2017, file photo, Wei Jianjun, chairman of Great Wall Motors Ltd., gestures as he speaks during an event celebrating it sales passing the one million mark, at the Great Wall headquarters in Baoding in north China's Hebei province. General Motors decision to pull out of Australia, New Zealand and Thailand as part of a strategy to exit markets that don't produce adequate returns on investments raised dismay Monday, Feb. 17, 2020 from officials concerned over job losses. The words behind reads "By 2020, Haval SUV sales will pass 2 million, become the world's biggest specialty SUV brand." (AP Photo/Andy Wong)
AP Newsroom
February 17, 2020 - 7:29 am
DETROIT (AP) — General Motors decision to pull out of Australia, New Zealand and Thailand as part of a strategy to exit markets that don't produce adequate returns on investments raised dismay Monday from officials concerned over job losses. The company said in a statement Sunday that it plans to...
Read More
This April 11, 2015, photo provided by EcoFlight shows the White Mesa Uranium Mill near Blanding in southeastern Utah. The Trump administration is asking Congress for $1.5 billion over 10 years to build up a U.S. uranium stockpile, saying it wants to break an over-reliance on foreign uranium that undermines U.S. energy security. The White Mesa facility is one of the sites where production could be ramped up under the proposal. (Dom Smith/EcoFlight via AP)
February 14, 2020 - 11:19 pm
SALT LAKE CITY (AP) — President Donald Trump's $1.5 billion proposal to prop up the country's nuclear fuel industry has emboldened at least one company to take steps toward boosting operations at dormant uranium mines around the West, including outside Grand Canyon National Park. The company,...
Read More
Police officers stand near activists outside BP's headquarters to mark the first day of the oil company's new chief executive Bernard Looney, at St James' Square in London, Wednesday Feb. 5, 2020. Around 100 environmental activists mounted the peaceful protest in central London as Bernard Looney prepared to take up his new role. (Victoria Jones/PA via AP)
February 12, 2020 - 11:06 am
LONDON (AP) — Energy producer BP said Wednesday it wants to eliminate or offset all carbon emissions from its operations and the oil and gas it sells to customers by 2050, though it remains unclear how it would achieve such an ambitious target as the company comes under pressure to help combat...
Read More

Pages