Latest Asset sales News

Former Mitsubishi workers seek assets sale for forced labor

Jul. 16, 2019 7:42 AM EDT

SEOUL, South Korea (AP) — Colonial-era Korean workers want a court to allow the South Korean government to sell assets of their former Japanese employer so they can be compensated for forced labor decades ago. The development comes as South Korea and Japan spar over historical issues and a decision by...

Reno-based Eldorado selling casinos in Mississippi, Missouri

Jul. 12, 2019 1:52 PM EDT

LAS VEGAS (AP) — Casino company Eldorado Resorts Inc. says it is selling two of its 26 properties and will use the proceeds to help it buy Caesars Entertainment Corp. Reno-based Eldorado announced Thursday that Rhode Island-based Twin River Worldwide Holdings Inc. will buy the Lady Luck Casino in...

Vermont-based BioTek company sold for nearly $1.2b

Jul. 12, 2019 10:31 AM EDT

BURLINGTON, Vt. (AP) — A Vermont company that makes medical equipment has been sold to a California company for nearly $1.2 billion. The sale of BioTek Instruments to Agilent Technologies was announced Thursday. BioTek President and CEO Briar Alpert, whose family has run the Winooski-based company for the...

Huawei calls on US to lift export restrictions

Jul. 12, 2019 8:01 AM EDT

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" decision...

California governor orders firing of oil, gas regulator

Jul. 11, 2019 10:51 PM EDT

SACRAMENTO, Calif. (AP) — Gov. Gavin Newsom ordered the firing of California's top oil and gas regulator Thursday over an increase in state permits for hydraulic fracturing and allegations of conflicts of interest among senior government officials. Newsom's chief of staff asked the state's natural...

California cities say bill harms plans for public utilities

Jul. 10, 2019 8:37 PM EDT

SACRAMENTO, Calif. (AP) — With Pacific Gas & Electric Corp. in bankruptcy amid billions of dollars in wildfire liability claims, some California cities are considering buying off pieces of the utility's assets and running parts of the power system on their own. But new legislation aimed at bringing...

San Diego tuna company selling more than half its boats

Jul. 10, 2019 11:21 AM EDT

SAN DIEGO (AP) — San Diego-based South Pacific Tuna Corp. is selling eight of its 14 fishing boats to foreign companies, eliminating more than 200 jobs. The San Diego Union-Tribune reports Wednesday the company says U.S. regulations make it difficult to earn a profit. The newspaper says South Pacific Tuna...

Yogurt plants in Vermont, Arizona sold to Stonyfield parent

Jul. 9, 2019 8:41 AM EDT

BRATTLEBORO, Vt. (AP) — The French company that purchased New Hampshire's Stonyfield Farm in 2017 has acquired a yogurt maker with facilities in Brattleboro, Vermont, and Casa Grande, Arizona. Lactalis Group says the purchase of Ehrmann Commonwealth Dairy was completed on July 5. Thierry Clement, CEO of...

California Senate OKs wildfire proposal with bipartisan vote

Jul. 8, 2019 11:03 PM EDT

SACRAMENTO, Calif. (AP) — California senators approved a proposal Monday aimed at stabilizing the state's electric utilities and putting a renewed focus on safety in the face of devastating wildfires caused by utility equipment, with supporters calling it a plan that holds utilities accountable and...

Bend Bulletin must fire employees before paper is sold

Jul. 8, 2019 4:44 PM EDT

BEND, Ore. (AP) — A court filing outlining the sale of Central Oregon's only daily newspaper shows that all employees of the Bend Bulletin and other publications must be fired before Rhode Island Suburban Newspapers takes control. Oregon Public Broadcasting reports the Rhode Island company plans to buy...