Latest Asset sales News

FILE - In this Tuesday, March 3, 2020 file photo, Federal Reserve Chair Jerome Powell pauses during a news conference to discuss an announcement from the Federal Open Market Committee, in Washington. In a series of sweeping steps, the U.S. Federal Reserve will lend to small and large businesses and local governments as well as extend its bond buying programs.  The announcement Monday, March 23 is part of the Fed's ongoing efforts to support the flow of credit through an economy ravaged by the viral outbreak.  (AP Photo/Jacquelyn Martin, File)

Fed steps in once again to try to smooth out lending markets

Mar. 31, 2020 9:49 AM EDT

WASHINGTON (AP) — The Federal Reserve is intervening once again to try to smooth out the world's lending markets, this time by lending dollars to other central banks in exchange for Treasurys. The Fed's move Tuesday marks its latest aggressive effort to keep borrowing rates down and ensure that financial...

FILE - In this Aug. 27, 2018 file photo, Russian President Vladimir Putin, left, listens to Russian Rosneft CEO Igor Sechin during his flight to visit Chernigovets coal mine, in Beryozovsky, Kemerovo region, Russia. On Tuesday, Feb. 18, 2020, the Treasury Department slapped sanctions on Rosneft’s trading arm and its CEO, accusing the Geneva-based firm of providing a critical lifeline to Venezuela’s President Nicolas Maduro. (Alexei Druzhinin, Sputnik, Kremlin Pool Photo via AP, File)

Rosneft hands Venezuelan oil business to Russian state firm

Mar. 28, 2020 7:56 PM EDT

MOSCOW (AP) — Russia's Rosneft has transferred its assets in Venezuela to a company fully owned by Vladimir Putin's government, a move apparently intended to shield Russia's largest oil producer from U.S. sanctions while Moscow continues showing support for Venezuelan President Nicolás Maduro in the...

Russia’s state-controlled Rosneft oil company says it is ceasing operations and selling its assets in Venezuela

Mar. 28, 2020 2:11 PM EDT
MOSCOW (AP) — Russia’s state-controlled Rosneft oil company says it is ceasing operations and selling its assets in Venezuela.
FILE - In this Tuesday, March 3, 2020 file photo, Federal Reserve Chair Jerome Powell pauses during a news conference to discuss an announcement from the Federal Open Market Committee, in Washington. In a series of sweeping steps, the U.S. Federal Reserve will lend to small and large businesses and local governments as well as extend its bond buying programs.  The announcement Monday, March 23 is part of the Fed's ongoing efforts to support the flow of credit through an economy ravaged by the viral outbreak.  (AP Photo/Jacquelyn Martin, File)

Fed makes strongest bid yet to protect firms and governments

Mar. 23, 2020 9:10 PM EDT

WASHINGTON (AP) — The Federal Reserve is unleashing its boldest effort yet to protect the U.S. economy from the coronavirus by helping companies and governments pay their bills and survive a devastating crisis. With lending in Treasury and mortgage markets threatening to shut down, the Fed announced an...

Scott Mitchell fills a box with toilet paper at the Tissue Plus factory, Wednesday, March 18, 2020, in Bangor, Maine. The new company has been unexpectedly busy because of the shortage of toilet paper brought on by hoarders concerned about the coronavirus. (AP Photo/Robert F. Bukaty)

Amid virus, humble toilet paper is suddenly a hot commodity

Mar. 23, 2020 8:22 AM EDT

PORTLAND, Maine (AP) — There's no denying Tissue Plus is on a roll. As luck would have it, the company launched production of toilet paper a couple of weeks ago — just as the reality of the coronavirus outbreak was starting to hit the U.S. Consumers began stocking up on the basic necessity in the...

SoftBank to buy back $41 billion in assets to trim debt

Mar. 23, 2020 4:43 AM EDT

BANKGOK (AP) — The Japanese technology and telecoms company SoftBank said Monday it plans to buy back up to 4.5 trillion yen ($41 billion) of its assets as it seeks to trim its gigantic debt burden. The company's founder, Masayoshi Son, said the move reflected “the firm and unwavering confidence we...

FILE - In this Aug. 15, 2019, file photo, a Pacific Gas & Electric worker walks in front of a truck in San Francisco. PG&E and California Gov. Gavin Newsom have reached a deal for the nation's largest utility to emerge from bankruptcy triggered by massive liabilities from wildfires. PG&E agreed to overhaul its board and operations and to put the company up for sale if it doesn't get out of bankruptcy by June 30. (AP Photo/Jeff Chiu, File)

PG&E reaches bankruptcy deal with California governor

Mar. 20, 2020 8:29 PM EDT

SACRAMENTO, Calif. (AP) — Pacific Gas & Electric and California Gov. Gavin Newsom announced a deal Friday that removes one of the last hurdles for the nation's largest utility to emerge from a bankruptcy triggered by its massive liabilities from wildfires. PG&E agreed to overhaul its board and...

Business Fallout: Airlines lobby for funds, Domino's hiring

Mar. 19, 2020 9:44 PM EDT

It was less than 11 weeks ago that the first cases of pneumonia were detected in Wuhan, China. The speed at which what would soon be named COVID-19, the disease caused by the new coronavirus, knocked the global economy askew is unparalleled in our lifetimes. Following are developments Thursday related to the...

Aerial view of the Ford Motor Company’s factory in Sao Bernardo do Campo, in the greater Sao Paulo area, Brazil, Thursday, March 12, 2020. Ford is ending local production of the sort of vehicles produced at plant and announced in September it would sell it to a distributor of Hyundai and Chery vehicles. (AP Photo/Andre Penner)

Brazil's battered job market faces new foe: Coronavirus

Mar. 16, 2020 8:30 PM EDT

SAO BERNARDO DO CAMPO, Brazil (AP) — At Ford Motor Company’s shuttered factory in Sao Bernardo do Campo, a cradle of Brazil's car industry, only a handful of bored-looking staffers remain in its few administrative offices. Within the gates, outsourced workers dismantle cables and wires that will be...

FILE - In this Nov. 15, 2016, file photo, a mechanized shovel loads coal from an 80-feet thick seam at the Spring Creek mine near Decker, Mont. Montana regulators reached a deal Thursday, March 12, 2020, allowing the state to enforce environmental laws at the mine after it was bought last year by a Navajo-owned company. (AP Photo/Matthew Brown, File)

Montana, Navajo company reach deal on mine to waive immunity

Mar. 12, 2020 6:55 PM EDT

BILLINGS, Mont. (AP) — Montana regulators have reached a deal allowing the state to enforce environmental laws at a large coal mine bought by a Navajo-owned company, officials said Thursday. For months, executives from the Navajo Transitional Energy Company and state officials had been unable to resolve...