Asset sales

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 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)
September 19, 2019 - 5:58 pm
WASHINGTON (AP) — The Senate's most vocal critic of the tech industry offered a challenge Thursday to Facebook CEO Mark Zuckerberg: Sell your WhatsApp and Instagram properties to prove you're serious about protecting data privacy. It may have been more than Zuckerberg expected from his private...
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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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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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FILE - This Aug. 1, 2017, file photo shows the oil producer BP company logo at a petrol station in London. BP, a major player on Alaska’s North Slope for decades, is selling all of its Alaska assets, the company announced Tuesday, Aug. 27, 2019. Hilcorp Alaska is purchasing BP interests in both the Prudhoe Bay oil field and the trans-Alaska pipeline for $5.6 billion, BP announced in a release.(AP Photo/Caroline Spiezio, File)
August 27, 2019 - 6:58 pm
JUNEAU, Alaska (AP) — After decades of helping shape oil production in Alaska, BP announced Tuesday it is selling its assets in the state as it works to divest $10 billion worldwide. The sale to Hilcorp Alaska, an affiliate of Texas-based Hilcorp Energy Co., would be worth $5.6 billion, and include...
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August 05, 2019 - 3:18 pm
NEW YORK (AP) — Two of the country's largest newspaper companies have agreed to combine in the latest media deal driven by the industry's struggles with a decline of printed editions. GateHouse Media, a chain backed by an investment firm, is buying USA Today owner Gannett Co. for $12.06 a share in...
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FILE - In this Nov. 29, 2018, file photo, victims of Japan's forced labor and their family members arrive at the Supreme Court in Seoul, South Korea. Colonial-era Korean laborers on Tuesday, July 16, 2019, are seeking a court's approval for the sales of local assets of their former Japanese employer after it refused to comply with a court order to compensate them for forced labor decades ago. The sign reads "Mitsubishi Heavy Industries should compensate and apologize to victims of forced labor." (AP Photo/Ahn Young-joon, File)
July 16, 2019 - 11:49 am
SEOUL, South Korea (AP) — Colonial-era Korean workers want a court to allow the sale of assets of their former Japanese employer so they can be compensated for forced labor decades ago. The development comes as South Korea and Japan spar over historical issues and a decision by Tokyo to tighten...
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People walk past a Huawei retail store in Beijing, Sunday, June 30, 2019. Once again, Presidents Donald Trump and Xi Jinping have hit the reset button in trade talks between the world's two biggest economies, at least delaying an escalation in tension between the U.S. and China that had financial markets on edge and cast a cloud over the global economy. (AP Photo/Andy Wong)
July 12, 2019 - 8:01 am
SHENZHEN, China (AP) — The chairman of Huawei said Friday the Chinese tech giant has yet to see any benefit from President Donald Trump's promise to allow U.S. companies to sell some components to the company and called on Washington to remove it from a security blacklist. The "unjust and unfair"...
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June 25, 2019 - 9:35 am
MONTREAL (AP) — Canadian aerospace company Bombardier has announced the sale of its regional jet program to Japan's Mitsubishi Heavy Industries Ltd for $550 million. The company is seeking to exit the commercial plane market and focus on business jets and its large rail business. Bombardier chief...
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In this Thursday, April 11, 2019 photo, copies of The Berkshire Eagle newspaper are placed in a machine before being bundled for distribution, in Pittsfield, Mass. The paper now features a new 12-page lifestyle section for Sunday editions, a reconstituted editorial board, a new monthly magazine, and the newspaper print edition is wider. That level of expansion is stunning in an era where U.S. newspaper newsroom employment has shrunk by nearly half over the past 15 years. (AP Photo/Steven Senne)
June 19, 2019 - 2:48 pm
PITTSFIELD, Mass. (AP) — These days, the news about local news seems relentlessly bad: Newsroom employment, down by nearly half over the past 15 years. Waves of layoffs continuing to hit both traditional newspaper chains and digital news startups. Cities and towns so denuded of coverage that they'...
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