Asset sales

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 - 7:01 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 - 8:35 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 - 3:43 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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In this photo taken Nov. 2, 2018, is the home of The Bakersfield Californian Media Company in Bakersfield, Calif. After 122 years of family ownership, the Bakersfield Californian has been sold to a Canadian publisher, the newspaper announced. The Harrell-Fritts family said in a message to readers on Sunday, June 2, 2019, that Sound News Media, a new company run by publisher Steven Malkowich, has purchased the Californian and its corporate entity, TBC Media. (Alex Horvath/The Californian via AP)
June 03, 2019 - 3:22 pm
BAKERSFIELD, Calif. (AP) — After 122 years of family ownership, the Bakersfield Californian has been sold to a Canadian publisher, the newspaper announced. The Harrell-Fritts family said in a message to readers on Sunday that Sound News Media, a new company run by publisher Steven Malkowich, has...
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An issue of Sports Illustrated is displayed on a newsstand, Tuesday, May 28, 2019 in New York. Authentic Brands Group, which manages retail names like Juicy Couture and Nautica, is buying the sports magazine for $110 million. (AP Photo/Mark Lennihan)
May 28, 2019 - 2:39 pm
NEW YORK (AP) — Sports Illustrated magazine has been sold for $110 million to a company that specializes in managing fashion, entertainment and sports brands, including marketing rights to Shaquille O'Neal and Muhammad Ali. The seller, Meredith Corp., will continue running the print edition and the...
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FILE - This June 27, 2015, file photo, shows the Hulu logo on a window at the Milk Studios space in New York. Disney has struck a deal with Comcast that gives it full control of streaming service Hulu. The companies said Tuesday, May 14, 2019, that as early as January 2024 Comcast can require Disney to buy NBCUniversal’s 33% interest in Hulu and Disney can require NBCUniversal to sell that stake to Disney for its fair market value at that future time. (AP Photo/Dan Goodman, File)
May 14, 2019 - 10:58 am
NEW YORK (AP) — Disney cut a deal with Comcast to take full control of Hulu as each prepares to launch its own streaming service. The companies said Tuesday that Comcast, which owns a third of Hulu, may sell its stake starting in 2024 for a minimum of $5.8 billion. Either company can require the...
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Ohio Gov. Mike DeWine speaks on the cellphone with GM CEO Mary Barra, Wednesday, May 8, 2019, at the Ohio Statehouse in Columbus, about the company's plans to sell its shuttered factory in Lordstown, Ohio, to a company that builds electric trucks. DeWine, a Republican, said he wanted to hear more details about the plan, including the reaction of the UAW, but said the potential project was better than the plant sitting idle. (AP Photo/Andrew Welsh-Huggins)
May 08, 2019 - 12:36 pm
DETROIT (AP) — General Motors is negotiating the sale of its shuttered factory in Lordstown, Ohio, to a company that builds electric trucks. The company confirmed Wednesday that it's in talks with Cincinnati-based Workhorse Group to sell the huge facility, and also announced plans to invest $700...
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May 02, 2019 - 8:09 am
LONDON (AP) — Canadian aerospace company Bombardier says it will sell businesses in Northern Ireland and Morocco as part of a broad restructuring. The company said Thursday it will consolidate its aerospace operations into one unit. As a result, it will focus its business on manufacturing plane...
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April 16, 2019 - 6:25 pm
NEW YORK (AP) — The Martha Stewart brand is getting a new home. Sequential Brands Group, which bought the Martha Stewart brand nearly four years ago for about $353 million, said Tuesday that it is selling it to Marquee Brands for about $175 million. As part of the deal, Marquee will also acquire...
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April 15, 2019 - 5:31 pm
NEW YORK (AP) — AT&T has sold its 9.5% share in Hulu back to the streaming TV company, leaving Disney and Comcast as its owners. Hulu said Monday that AT&T sold its stake for $1.43 billion, valuing the unprofitable Hulu at $15 billion. The Walt Disney Co. wound up with a 60% share after its...
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