Ownership changes

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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CEO Werner Baumann, right, and Chairman of the Supervisory Board Werner Wenning, left, shake hands during the annual general meeting of the Bayer stock company in Bonn, Germany, Friday, April 26, 2019. Following the record acquisition of U.S. biotech and seed company Monsanto, Bayer's agricultural business has become a risk for the German chemical company. Bayer is facing enormous cost if the U.S. court will find Monsanto's glyphosate to be causing cancer. Since the take-over of Monsanto in June 2018, Bayer lost around half of its value in market capitalization. (AP Photo/Martin Meissner)
April 26, 2019 - 6:08 am
BERLIN (AP) — Bayer's top managers are facing shareholders amid discontent over the fallout from the German company's acquisition of Monsanto, the maker of Roundup weed killer. Chairman Werner Wenning told the annual general meeting in Bonn on Friday that company leaders "very much regret" falls in...
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A small boat with two German police officers speeds over the river Main in Frankfurt, Germany, Wednesday, April 17, 2019. (AP Photo/Michael Probst)
April 25, 2019 - 3:56 am
BERLIN (AP) — Deutsche Bank and Commerzbank are halting talks on a possible merger that would have created Germany's biggest financial institution. Deutsche Bank said Thursday that "after careful analysis" its management board has concluded that a combination with its rival "would not have created...
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FILE - In this file photo taken on Monday, Dec. 19, 2016, a client leaves PrivatBank as other clients take money from PrivatBank's cash machine in Kiev, Ukraine. A Ukrainian court has ruled that the 2016 nationalization of the major bank PrivatBank, owned by a powerful tycoon Ihor Kolomoyskyi, was illegal. (AP Photo/Efrem Lukatsky, File)
April 18, 2019 - 8:17 am
KIEV, Ukraine (AP) — A Ukrainian court on Thursday ruled that the 2016 nationalization of a major bank owned by a tycoon was illegal, sending shockwaves through the country's financial community. Privatbank, Ukraine's biggest lender, was nationalized in 2016 after authorities discovered a capital...
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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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A British Union flag is flown behind a European Union flag during demonstrations near Parliament in London, Wednesday, April 10, 2019. Just days away from a no-deal Brexit, European Union leaders meet Wednesday to discuss granting the United Kingdom a new delay to its departure from the bloc. (AP Photo/Kirsty Wigglesworth)
April 15, 2019 - 6:02 am
LONDON (AP) — Brexit may be causing all sorts of uncertainty in Britain but it doesn't seem to be putting off foreign investors. In a survey on corporate deal-making published Monday, consulting and accounting firm EY says Britain is the top investment destination in the world for the first time in...
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President of Ukraine and candidate for 2019 elections, Petro Poroshenko, is seen on a screen as he talks for supporters during a election campaign rally in Lviv, Ukraine, Thursday, March 28, 2019. Presidential elections will be held in Ukraine on 31 March 2019. (AP Photo/Emilio Morenatti)
March 28, 2019 - 4:55 pm
LVIV, Ukraine (AP) — Ukrainian President Petro Poroshenko alleged Thursday that his two top rivals in a weekend election are backed by a self-exiled tycoon who wants to unseat Poroshenko as revenge for the nationalization of his bank. Poroshenko said at a rally in the western city of Lviv that...
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March 28, 2019 - 3:14 am
BERLIN (AP) — German automaker Daimler and China's Geely are setting up a joint venture to develop and operate Daimler's Smart compact car brand worldwide as an all-electric car maker. The two companies said Thursday that the 50-50 joint venture should be finalized by the end of this year. They...
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March 27, 2019 - 2:31 pm
BERLIN (AP) — German rail company Deutsche Bahn says it is examining the sale of its Britain-based subsidiary Arriva. Deutsche Bahn said in a statement Wednesday that its supervisory board has asked management to pursue "various options" for a sale. Arriva had a turnover of 5.44 billion euros ($6...
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