Latest Asset sales News

FILE - This Feb. 25, 2020, file photo, shows the icon for TikTok in New York. TikTok asked a judge to block the Trump Administration’s attempt to ban its app, suggesting the Chinese-owned app’s deal with Oracle and Walmart remains unsettled. An app-store ban, delayed once by the government, is set to go into effect Sunday, Sept. 27, 2020. (AP Photo/File)

Federal judge postpones Trump ban on popular app TikTok

Sep. 27, 2020 9:15 PM EDT

NEW YORK (AP) — A federal judge on Sunday postponed a Trump administration order that would have banned the popular video sharing app TikTok from U.S. smartphone app stores around midnight. A more comprehensive ban remains scheduled for November, about a week after the presidential election. The judge,...

In this undated photo provided by the USDA / US Forest Service shows the Stockmore Ranger Station, nestled on the Duchesne River confluence with its West Fork near Hanna, Utah. The Ashley National Forest is proposing to get rid of its two oldest structures, both dating back nearly to the birth of the U.S. Forest Service more than a century ago. The Salt Lake Tribune reports the agency lacks the resources to properly maintain all of its historic properties. (USDA / US Forest Service, via AP)

Forest Service wants to sell, raze old ranger stations

Sep. 27, 2020 11:33 AM EDT

SALT LAKE CITY (AP) — Lacking the resources to properly maintain all of its historic properties, the Ashley National Forest is proposing to get rid of its two oldest structures, both dating back nearly to the birth of the U.S. Forest Service more than a century ago. The deteriorating, rodent-infested...

Shell seeks Alaska lease extension, but no plans to return

Sep. 25, 2020 2:48 PM EDT

JUNEAU, Alaska (AP) — Oil company Shell is seeking an extension of leases it holds in Alaska as a way to make the leases more attractive to a potential buyer and does not itself plan a return to operations in the state, spokesperson Curtis Smith said Friday. Smith said the leases for which the company is...

Sale of Hawaii beer operation to clear way for acquisition

Sep. 23, 2020 9:10 AM EDT

KAILUA-KONA, Hawaii (AP) — The U.S. Department of Justice has approved the sale of the Hawaii operations of a beer company, which could clear the way for a related acquisition by Anheuser-Busch Inc. Craft Brew Alliance agreed to sell Kona Brewing Co.’s Hawaii operations to PV Brewing Partners, West...

FILE - In this Nov. 29, 2019, file photo, young people attend a protest of the Fridays For Future movement in Berlin, Germany. Ten cities around the world on Tuesday, Sept. 22, 2020, joined New York and London in committing to divest from fossil fuel companies as part of efforts to combat climate change. Berlin, Cape Town, Los Angeles, New Orleans, Oslo and others pledged to take “all possible steps to divest city assets from fossil fuel companies and (increase) financial investments in climate solutions.” (AP Photo/Michael Sohn)

From LA to Oslo, 12 cities pledge to divest from fossil fuel

Sep. 22, 2020 2:03 PM EDT

BERLIN (AP) — Ten cities around the world on Tuesday joined New York and London in committing to divest from fossil fuel companies as part of efforts to combat climate change. Berlin, Cape Town, Los Angeles, New Orleans, Oslo and others pledged to take “all possible steps to divest city assets from...

FILE - In this Wednesday, Aug. 22, 2007, file photo, Robert Murray, then-chief executive of Murray Energy Corp., speaks during an interview with The Associated Press in his office at the Crandall Canyon Mine, northwest of Huntington, Utah. Murray Energy Holdings’ approved Chapter 11 bankruptcy plan became effective Wednesday, Sept. 16, 2020. The company completed the sale of its assets to an entity formed by former creditors. Murray was replaced as CEO in 2019 by Robert Moore, who will head the new company, Ohio-based American Consolidated Natural Resources Inc. (AP Photo/Jae C. Hong, File)

Coal giant Murray Energy out of bankruptcy under new name

Sep. 17, 2020 1:06 AM EDT

CHARLESTON, W.Va. (AP) — A major U.S. coal mining company has emerged from federal bankruptcy protection under a new name and ownership group. Murray Energy Holdings said its Chapter 11 plan was approved last month in U.S. bankruptcy court in Ohio and became effective Wednesday. The company said in a...

Woman guilty in scheme to ship military boats to China

Sep. 16, 2020 6:43 PM EDT

JACKSONVILLE, Fla. (AP) — A Florida woman has been convicted in a scheme to buy and ship inflatable military boats from the United States to China. Yang Yang, 34, pleaded guilty Tuesday in Jacksonville federal court to conspiring to submit false export information to fraudulently export to China maritime...

FILE - In this Wednesday, May 5, 2010, file photo, packages of Cracker Barrel cheese are displayed at a supermarket in Bath, Maine. Kraft Heinz said Tuesday, Sept. 15, 2020, it is selling its natural cheese business, including its Cracker Barrel brand, to French dairy company Lactalis Group as part of a larger restructuring. (AP Photo/Pat Wellenbach, File)

Struggling Kraft Heinz sells dairy brands to Lactalis

Sep. 15, 2020 7:02 PM EDT

Kraft Heinz said Tuesday that it is selling its natural cheese business — including its Cracker Barrel and Breakstone’s brands — to French dairy company Lactalis Group as part of a larger restructuring. The $3.2 billion sale includes Kraft Heinz production facilities in Tulare, California;...

FILE - In this July 17, 2020, file photo, a man wearing a shirt promoting TikTok is seen at an Apple store in Beijing, China. TikTok’s parent company ByteDance has chosen Oracle over Microsoft as a new American technology partner to help keep the popular video-sharing app operating in the U.S., according to a person familiar with the deal.(AP Photo/Ng Han Guan, File)

Q&A: What does a deal between TikTok and Oracle mean?

Sep. 14, 2020 12:50 PM EDT

HONG KONG (AP) — ByteDance, the Chinese company that owns the popular video-sharing app TikTok, has chosen Oracle over Microsoft as a new American technology partner to help keep the app operating in the U.S. TikTok confirmed the decision Monday, echoing earlier statements from Oracle and the U.S. treasury...

Nvidia to buy rival chipmaker Arm from Softbank for $40B

Sep. 13, 2020 9:17 PM EDT

Computer graphics chip company Nvidia said it plans to buy Britain's Arm Holdings for $40 billion, in a merger of two leading chipmakers. Santa Clara, California-based Nvidia and Arm's parent company, Japanese technology giant SoftBank, announced the deal Sunday. Nvidia is best known for its graphics processing...