Latest Asset sales News

PG&E plan offers billions to victims, others after wildfires

Sep. 9, 2019 9:49 PM EDT

SAN FRANCISCO (AP) — PG&E Corp. proposed Monday to resolve its bankruptcy case by offering nearly $18 billion to settle claims from devastating wildfires started by its equipment in recent years — an amount immediately criticized by victims who said less than half of that is intended for them....

Elliott invests $3.2B in AT&T, seeks changes

Sep. 9, 2019 10:53 AM EDT

NEW YORK (AP) — Activist hedge fund manager Elliott Management is making a new $3.2 billion investment in AT&T, roughly a 1% stake, and calling for changes at the company such as selling assets and paying down debt. The move comes as AT&T readies a streaming service following its $81 billion...

New Jersey firm buying Mississippi gas storage for $367M

Sep. 7, 2019 10:32 AM EDT

TAYLORSVILLE, Miss. (AP) — A New Jersey natural gas company is buying a Mississippi natural gas storage facility for $367 million. New Jersey Resources said Thursday it will buy Leaf River Energy Center from Macquarie Infrastructure Partners. The southeast Mississippi facility has three salt dome caverns....

Del Monte closure stuns Sleepy Eye, town's future uncertain

Sep. 7, 2019 1:06 AM EDT

SLEEPY EYE, Minn. (AP) — Troy Windschitl has grown peas and sweet corn for more than 20 years. Just like his dad and grandpa did for 40 years before him. But that could come to an end as early as this fall when the Windschitl family and other farmers here lose the buyer for those crops. In a stunning...

Farm co-op NORPAC to close plant, lay off some 500 employees

Sep. 6, 2019 5:15 PM EDT

SALEM, Ore. (AP) — NORPAC vegetable farmers' cooperative has filed notice that it will lay off 485 workers and close its Stayton processing facility Oct. 31. The Statesman Journal reports the closure is part of the company's bankruptcy and impending sale of its assets to Oregon Potato Company for $155.5...

Correction: Consumers Energy-Solar story

Sep. 6, 2019 11:31 AM EDT

ALBION, Mich. (AP) — In a story Sept. 5 about Consumers Energy buying solar energy from River Fork Solar, The Associated Press, based on information supplied by the companies, erroneously reported the number of years that the purchase agreement will last. The deal is for 20 years, not 25. A corrected...

Symantec to lay off 24 employees in Springfield, Oregon

Sep. 5, 2019 11:00 AM EDT

SPRINGFIELD, Ore. (AP) — Symantec is laying off some of its remaining employees in Springfield, Oregon, following the recent sale of the company's enterprise security division in $10.7 billion deal. The Register-Guard reports 24 people working in the Springfield office of the nation's largest cybersecurity...

Wyoming generic prescription drug manufacturer closes

Sep. 3, 2019 9:53 PM EDT

CODY, Wyo. (AP) — Wyoming's only generic prescription drug manufacturing company has closed after nearly two decades. The Cody Enterprise reported Friday that Cody Laboratories has sold its equipment and is in the process of selling its property in the northern Wyoming city. Ric Asherman founded the...

Auburn selling raptor gear from football games as fundraiser

Aug. 31, 2019 10:55 AM EDT

AUBURN, Ala. (AP) — Auburn University's raptor facility is selling some of the equipment used to handle eagles during their ceremonial flights before football games. A statement from the school says the Southeastern Raptor Center at Auburn is holding online auctions for the cuffs, straps and lures used by...

Metro Waste to build $24M Des Moines area recycling center

Aug. 30, 2019 2:25 PM EDT

DES MOINES, Iowa (AP) — Plans for a proposed $24 million recycling center in Polk County will move forward to ensure paper sorted for recycling is no longer dumped in a landfill, officials said. Environmentally aware Des Moines residents were frustrated after learning that nearly 20 tons (18.14 metric...