Latest Asset sales News

Huawei founder says company would not share user secrets

Jan. 15, 2019 10:44 PM EST

SHENZHEN, China (AP) — The founder of China's Huawei, the world's biggest supplier of network gear to phone and internet companies, says his company would not share secrets about its customers and their communication networks. Ren Zhengfei spoke in a rare meeting with foreign reporters as Huawei...

APNewsBreak: New pen may allow sale of horses for slaughter

Jan. 15, 2019 6:00 PM EST

RENO, Nev. (AP) — The U.S. Forest Service has built a new corral for wild horses in Northern California, which could allow it to bypass federal restrictions and sell the animals for slaughter. The agency acknowledged in court filings in a potentially precedent-setting legal battle that it built the pen for...

Company known for deep cost-cutting offers to buy Gannett

Jan. 14, 2019 9:40 PM EST

NEW YORK (AP) — A hedge fund-backed bid to buy Gannett Co., the publisher of USA Today and several other major dailies, is renewing fears of consolidation and job losses — as well as a decline in the quantity and quality of news coverage — in the already battered newspaper industry. MNG...

Sears' chairman stands at the center of fight for company

Jan. 14, 2019 7:59 PM EST

NEW YORK (AP) — As Sears teeters on the brink of collapse, one man stands at the center of the fight for the future of the iconic retailer. Eddie Lampert plays several often-conflicting roles in what could be the final chapter for the company that began as a mail order watch business 132 years ago. He's...

USA Today publisher targeted for buyout

Jan. 14, 2019 12:13 PM EST

DENVER (AP) — The publisher of USA Today has received a $1.36 billion buyout bid from a media group with a history of taking over struggling newspapers and slashing jobs. MNG Enterprises, better known as Digital First Media, said in a letter to Gannett Co. Monday that its leadership team has failed to show...

Industry wary of alternatives tries to protect a word: meat

Jan. 13, 2019 2:45 PM EST

LINCOLN, Neb. (AP) — More than four months after Missouri became the first U.S. state to regulate the term "meat" on product labels, Nebraska's powerful farm groups are pushing for similar protection from veggie burgers, tofu dogs and other items that look and taste like real meat. Nebraska lawmakers will...

California utility assessing finances amid wildfire links

Jan. 4, 2019 8:38 PM EST

SAN FRANCISCO (AP) — The parent company of California's largest utility is assessing its finances and structure in the wake of wildfires blamed on its equipment that could cost it billions of dollars in liability. PG&E announced the assessment Friday in a news release, citing "the growing wildfire...

New law in Turkmenistan cracks down sharply on alcohol sales

Jan. 1, 2019 10:23 AM EST

ASHGABAT, Turkmenistan (AP) — A law sharply limiting the sale of alcohol has gone into effect in the former Soviet republic of Turkmenistan, whose authoritarian president has made physical fitness a top initiative. The law that took effect Tuesday forbids the sale of alcoholic drinks including beer on...

Kushners buying 4th New Jersey property in tax-break zone

Dec. 20, 2018 7:36 PM EST

NEW YORK (AP) — Jared Kushner's family company is buying another property in a New Jersey beach town where developers can get big tax breaks thanks to a new federal program pushed by Kushner and his wife, Ivanka Trump. The Kushner Cos. is negotiating to buy land already approved for retail space and...

Tobacco giant strides into vape market with $13B Juul stake

Dec. 20, 2018 11:35 AM EST

Altria, one of the world's biggest tobacco companies, is spending nearly $13 billion to buy a huge stake in the vape company Juul as cigarette use continues to decline. The Marlboro maker said Thursday that it will take a 35 percent share of Juul, putting the value of the company at $38 billion, larger than Ford...