Latest Asset sales News

Activist investor pushes Kohl's to sell or split e-commerce

Dec. 06, 2021 10:37 AM EST

NEW YORK (AP) — An activist investor is pushing department store chain Kohl's Inc. to either sell the entire company or spin off its e-commerce division. In a letter posted online on Monday, Engine Capital LP said that it wants the Menomonee Falls, Wisconsin-based chain to consider...

Mexico threatens legal action on US electric vehicle subsidy

Dec. 02, 2021 15:21 PM EST

MEXICO CITY (AP) — The Mexican government threatened legal action Thursday over provisions of U.S. President Joe Biden’s Build Back Better Act that would give subsidies of up to $12,500 for purchases of union-made, American-made electric vehicles. Tatiana Clouthier,...

Swift selling local media assets to Ogden Newspapers

Nov. 30, 2021 18:11 PM EST

ASPEN, Colo. (AP) — Swift Communications, which owns a range of daily and weekly newspapers across the American West, announced Tuesday it is selling its local media and publishing businesses to West Virginia-based Ogden Newspapers. With the acquisition, Ogden...

Hedge fund Alden in hunt for another big newspaper chain

Nov. 22, 2021 13:39 PM EST

Hedge fund Alden Global Capital, one of the country's largest newspaper owners with a reputation for intense cost cuts and layoffs, has offered to buy the local newspaper chain Lee Enterprises for about $141 million. In a news release Monday, Alden said it sent Lee's...

GM exploring electric boats, buys 25% stake in engine maker

Nov. 22, 2021 12:35 PM EST

DETROIT (AP) — General Motors is testing the water in electric boating by buying a 25% stake in a Seattle company that makes battery-powered outboard motors. The Detroit automaker said Monday that it bought the stake in Pure Watercraft for a venture that it says will...

Judge dismisses body disposal charge against crematory owner

Nov. 18, 2021 12:32 PM EST

WEST BLOOMFIELD, Mich. (AP) — A judge has dismissed a charge of improperly disposing of a body that was filed against the owner of a crematory in southeastern Michigan. State prosecutors didn’t have the evidence to support the charge against O’Neil Swanson,...

Johnson & Johnson to split into 2, aim for faster growth

Nov. 12, 2021 14:49 PM EST

Johnson & Johnson is peeling off a consumer health business that helped it become the world’s biggest health care products maker. The company said Friday that it will separate its segment that sells Band-Aids, Listerine and over-the-counter medicines like Tylenol...

Custom House Wharf has a yet-to-be-disclosed buyer

Nov. 08, 2021 10:26 AM EST

PORTLAND, Maine (AP) — The longtime owners of the 200-year-old Custom House Wharf in Portland, Maine, say they have found a buyer, who doesn't want to be named until closing has been concluded. That is tentatively scheduled to take place on Jan. 1, the Portland Press...

Vermont Tissue Paper will reopen under new ownership

Nov. 04, 2021 15:37 PM EDT

BENNINGTON, Vt. (AP) — A dormant hydroelectric plant in Vermont is planning to reopen under new ownership after its closure in 2018. According to town property records, the Vermont Tissue Paper hydroelectric plant was sold to North Bennington Hydroelectric for $100,000...

US ambassador cites "serious concerns" on Mexico energy bill

Nov. 03, 2021 20:58 PM EDT

MEXICO CITY (AP) — The U.S. ambassador to Mexico said Wednesday that his country has “serious concerns” about the Mexican government’s attempts to limit competition in the electrical power sector. Ambassador Ken Salazar said he met with Mexican officials to...