Latest Asset sales News

Senate OKs overhaul of baby formula rules in aid program

May. 19, 2022 19:46 PM EDT

WASHINGTON (AP) — The Senate approved a bill Thursday aimed at easing the baby formula shortage for families participating in a government assistance program that accounts for about half of all formula purchased in the United States. The House passed the bill the day before, so it...

Live updates | Russia-Ukraine War

May. 16, 2022 22:49 PM EDT

LVIV, Ukraine — The western Ukrainian city of Lviv has been rocked by number of very loud explosions. An Associated Press team in the city witnessed the glare of bright explosions which lit up the night sky to the west of the city shortly after midnight local time. Witnesses...

Nucor announces purchase of Illinois overhead door maker

May. 16, 2022 13:24 PM EDT

CHARLOTTE, N.C. (AP) — Nucor Corp. is buying an Illinois-based overhead door manufacturer for $3 billion in a deal expected to close in June, the company announced on Monday. In a news release, the Charlotte-based steel manufacturer said it has entered into an agreement to purchase...

French carmaker Renault to sell Russian operations to Moscow

May. 16, 2022 10:05 AM EDT

Russia will take control of French car manufacturer Renault's operations in the country and resurrect a Soviet-era auto brand, officials said Monday, marking the first major nationalization of a foreign business since the war in Ukraine began. Renault said it would sell its majority...

Bitcoin tumbles, a stablecoin plunges in wild week in crypto

May. 13, 2022 17:00 PM EDT

NEW YORK (AP) — It’s been a wild week in crypto, even by crypto standards. Bitcoin tumbled, stablecoins were anything but stable and one of the crypto industry's highest-profile companies lost a third of its market value. Here's a look at some major developments in...

CEO of FTX crypto exchange buys big stake in Robinhood

May. 12, 2022 17:48 PM EDT

NEW YORK (AP) — The CEO of cryptocurrency exchange FTX has bought a 7.6% stake in Robinhood Markets, according to a filing with U.S. regulators on Thursday. Samuel Bankman-Fried said in the filing that he bought the shares thinking they were an attractive investment and that he...

French fiberglass maker hiring 400 in $28M Georgia expansion

May. 11, 2022 18:20 PM EDT

DUBLIN, Ga. (AP) — A French manufacturer says it will restart the fiberglass furnace at a Georgia plant it purchased in 2019, investing $28 million and hiring 400 new workers. Saint-Gobain said Wednesday that its ADFORS unit would expand the plant it bought for $17.5 million in the...

Republican governor candidate defends Wisconsin ties

May. 02, 2022 17:27 PM EDT

MADISON, Wis. (AP) — Republican governor candidate Tim Michels defended his Wisconsin ties saying Monday he still votes and spends most of his time in the state, after a published report revealed his extensive real estate holdings on the East Coast and that his children attended high school...

Ceremony marks completion of North Dakota power plant sale

May. 02, 2022 16:41 PM EDT

BISMARCK, N.D. (AP) — A Bismarck company that sells wholesale electricity announced Monday that it has purchased North Dakota’s largest coal-fired power plant from a Minnesota company that had intended to close the facility if no buyer could be found. Rainbow Energy Center LLC...

Danish brewer Carlsberg reports strong growth in 1st quarter

Apr. 28, 2022 07:29 AM EDT

COPENHAGEN, Denmark (AP) — Danish brewer Carlsberg said Thursday that it saw a strong growth in the first three months of the year despite trying to sell its business in Russia, where it generated around 10% of its sales, reporting it saw “only limited impact from the war” in Ukraine. ...