Asset sales

November 08, 2019 - 7:26 pm
NEW YORK (AP) — WeWork says it will divest from several side business and job cuts across several units as part of a 90-day plan to turn around its businesses following its botched attempt to sell stock on Wall Street. The office-sharing company revealed the plans Friday in a presentation that was...
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FILE- In this Nov. 27, 2018, file photo a banner depicting the Chevrolet Cruze model vehicle is displayed at the General Motors' Lordstown plant in Lordstown, Ohio. General Motors is selling the Ohio assembly plant it closed in March to a new company that plans to begin making electric trucks in late 2020. The company called Lordstown Motors Corp. said Thursday, Nov. 7, 2019, that it initially intends to hire 400 production workers but still needs more money from investors. (AP Photo/John Minchillo, File)
November 07, 2019 - 4:53 pm
TOLEDO, Ohio (AP) — General Motors is selling a massive assembly plant it shut down earlier this year in Ohio, a closing that drew threats and scolding from President Donald Trump, to a newly formed company that said Thursday it intends to begin making electric trucks by late 2020. The company...
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FILE - This undated photo provided by the Maricopa County Sheriff's Office shows Stephen Gore, the owner of a now-closed Phoenix body donation facility who in 2015 pleaded guilty to a felony charge for his role in mishandling donations of human remains. Lawyers are scheduled to make opening statements Monday, Oct. 28, 2019, at a civil trial against Gore's company for allegedly mishandling donated bodies. (Maricopa County Sheriff's Office via AP, File)
October 28, 2019 - 6:55 pm
PHOENIX (AP) — A retired FBI agent described a horrific raid of now-closed body donation facility Monday, recalling a table stacked with severed human legs, heads stuffed in a cooler, and torsos without heads and limbs. Mark Cwynar testified on the opening day of a civil trial that one torso had...
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October 28, 2019 - 9:57 am
NEW YORK (AP) — AT&T will review its portfolio for assets it can sell off, pay down debt related to its Time Warner acquisition and add two board members as part of a plan to boost results. The moves come after criticism from hedge fund manager Elliott Management. In September the activist...
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October 16, 2019 - 4:44 am
AMSTERDAM (AP) — Signify, the Dutch company formerly known as Philips Lighting, says it is buying Cooper Lighting Solutions from Eaton Corp. for $1.4 billion (1.27 billion euros) in a move intended to strengthen its position in the North American market. Signify said late Tuesday that the deal is...
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FILE - In this May 18, 2017, file photo, a robotic arm with a high-intensity blowtorch is remotely operated to test ceramic matrix composites, which make engines more durable, heat-resistant and efficient, at the General Electric Aviation plant in Evendale, Ohio. General Electric Co. said Monday, Oct. 7, 2019, that it will freeze its pension plan for about 20,700 salaried workers as part of its debt-cutting plan. (AP Photo/John Minchillo, File)
October 07, 2019 - 2:45 pm
NEW YORK (AP) — General Electric is freezing the pension plans of about 20,000 of its workers and offering pension buyouts to 100,000 former employees as it attempts to reduce its mountain of debt. The industrial conglomerate has been selling off assets and streamlining its operations amid sagging...
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FILE - In this April 11, 2018, file photo, Facebook CEO Mark Zuckerberg testifies before a House Energy and Commerce hearing on Capitol Hill in Washington about the use of Facebook data to target American voters in the 2016 election and data privacy. Zuckerberg will be in Washington Thursday, Sept. 19, 2019, to meet with lawmakers and talk about internet regulation. The company said the meetings are not public and it did not give details on whom Zuckerberg is meeting with and what, exactly, he'll discuss. (AP Photo/Andrew Harnik, File)
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September 19, 2019 - 8:23 pm
WASHINGTON (AP) — As Facebook CEO Mark Zuckerberg met Thursday with President Donald Trump and other critics of the tech industry, the Senate's most vocal detractor offered a challenge: Sell your WhatsApp and Instagram properties to prove you're serious about protecting data privacy. It may have...
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FILE - In this Dec. 12, 2017 file photo, city attorney Dennis Herrera, center, speaks at a news conference next to acting mayor London Breed, left, at City Hall in San Francisco. San Francisco officials are offering to buy Pacific Gas & Electric's power lines and other infrastructure in the city for $2.5 billion. Mayor London Breed and City Attorney Dennis Herrera presented the offer in a letter sent to the utility Friday, Sept. 6, 2019. (AP Photo/Jeff Chiu, file)
September 09, 2019 - 9:48 pm
SAN FRANCISCO (AP) — PG&E Corp. proposed Monday to resolve its bankruptcy case by offering nearly $18 billion to settle claims from devastating wildfires started by its equipment in recent years — an amount immediately criticized by victims who said less than half of that is intended for them...
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The BP Energy Center, a building where nonprofits and groups can meet, is shown in Anchorage, Alaska, Wednesday, Aug. 28, 2019. BP announced plans Aug. 27, 2019, to sell its Alaska assets to Hilcorp, and its plan to pull out of Alaska could leave a big hole for nonprofits and other programs that benefited from the oil giant's donations and its employee volunteers. (AP Photo/Mark Thiessen)
August 28, 2019 - 8:46 pm
JUNEAU, Alaska (AP) — BP's plan to pull out of Alaska could leave a big hole for nonprofits and other programs that benefited from the oil giant's donations and its employee volunteers. BP on Tuesday announced it would sell its Alaska assets to Hilcorp in a deal expected to close next year. BP,...
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FILE - In this Oct. 4, 2018, file photo signs advertising the closing of a Lord & Taylor store are displayed in New York, Thursday. Lord & Taylor, one of the nation’s oldest department stores, is being sold for $100 million. The retailer’s owner, Hudson's Bay Co., says it reached a deal with online rental clothing company Le Tote Inc. (AP Photo/Seth Wenig, File)
August 28, 2019 - 10:44 am
NEW YORK (AP) — Lord & Taylor, one of the nation's oldest department stores, is being sold for $100 million to a rental clothing company. Le Tote Inc. is buying the company from Hudson's Bay Co., which gets a minority stake in Le Tote and will control two seats on its board. Lord & Taylor,...
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