Latest Asset sales News

Next generation of biotech food heading for grocery stores

Nov. 14, 2018 4:40 PM EST

WASHINGTON (AP) — The next generation of biotech food is headed for the grocery aisles, and first up may be salad dressings or granola bars made with soybean oil genetically tweaked to be good for your heart. By early next year, the first foods from plants or animals that had their DNA "edited" are...

Advance Auto Parts, GE rise; Halliburton, Tyson Foods fall

Nov. 13, 2018 4:49 PM EST

NEW YORK (AP) — Stocks that moved substantially or traded heavily Tuesday: Advance Auto Parts Inc., up $17.66 to $184.72 The company easily beat analysts' earnings forecasts, an encouraging sign that its turnaround efforts are working. Tsyon Foods Inc., down $3.44 to $58.17 The company forecast full-year...

Johnson Controls selling power solutions unit for $13.2B

Nov. 13, 2018 8:38 AM EST

Johnson Controls International PLC is selling its power solutions division to Brookfield Business Partners LP for $13.2 billion. The power solutions business, which makes and distributes advanced battery technologies for various vehicles, posted $8 billion in revenue in fiscal 2018. Johnson Controls CEO George...

Meredith to sell Fortune brand for $150 million

Nov. 9, 2018 1:59 PM EST

NEW YORK (AP) — Media and publishing giant Meredith Corp. says it is selling its Fortune brand for $150 million in cash to Fortune Media Group. The deal, subject to regulatory approval, is expected to close by the end of the year. Meredith said Friday it will use the proceeds to pay down debt. Fortune...

Canada's Bombardier says it will cut 5,000 jobs

Nov. 8, 2018 6:02 PM EST

MONTREAL (AP) — Canadian plane and train maker Bombardier Inc. said Thursday it will shed 5,000 jobs and sell off two units as part of a five-year plan to rein in costs, focus on rail and business jets, and reduce debt. About 2,500 Bombardier workers will be laid off in Quebec and 500 in...

EU approves Disney's deal to buy Fox entertainment assets

Nov. 6, 2018 11:40 AM EST

BRUSSELS (AP) — European Union authorities say they have cleared Disney's acquisition of Fox's entertainment assets, provided Disney sells off some TV channels it controls in Europe to maintain competition. The EU's executive Commission said Tuesday it gave its approval to the deal. Disney's $71.3 billion...

China's Xi promises market opening as import fair begins

Nov. 5, 2018 9:19 AM EST

SHANGHAI (AP) — President Xi Jinping promised Monday to open China's growing consumer market wider at an import fair meant to help defuse complaints Beijing abuses the global trading system. But he offered no response to U.S. and European complaints about technology policy and investment curbs. The China...

China seeks to rebrand global image with import expo

Nov. 3, 2018 8:39 PM EDT

BEIJING (AP) — Facing a blizzard of trade complaints, China is throwing an "open for business" import fair hosted by President Xi Jinping to rebrand itself as a welcoming market and positive global force. More than 3,000 companies from 130 countries selling everything from Egyptian dates to factory...

China seeks to rebrand global image with import expo

Nov. 2, 2018 12:51 AM EDT

BEIJING (AP) — Facing a blizzard of trade complaints, China is throwing an "open for business" import fair hosted by President Xi Jinping to rebrand itself as a welcoming market and positive global force. More than 3,000 companies from 130 countries selling everything from Egyptian dates to factory...

Cordillera Communications selling all 16 TV stations

Oct. 29, 2018 2:17 PM EDT

Minnesota-based Cordillera Communications is selling all 16 of its television stations, including nine in Montana. E.W. Scripps Co. has agreed to pay $521 million to buy 15 stations, giving it 51 stations in 36 markets. Quincy Media Inc. is buying KVOA in Tucson, Arizona. The Montana stations being sold are: KTVQ...