Latest Asset sales News

Norway's Telenor to sell stake in Myanmar's Wave Money

Jan. 18, 2022 00:22 AM EST

BANGKOK (AP) — Norwegian telecommunications company Telenor plans to sell its 51% stake in the Myanmar fintech company Wave Money to its main partner in the venture, Yoma Strategic Holdings. Telenor confirmed the $53 million deal, reported earlier, in a statement seen Tuesday on...

Tesla inks deal to get key battery component outside China

Jan. 16, 2022 03:33 AM EST

LONDON (AP) — Tesla is turning to Mozambique for a key component in its electric car batteries in what analysts believe is a first-of-its-kind deal designed to reduce its dependence on China for graphite. Elon Musk's company signed an agreement last month with Australia's Syrah...

Consumers asked to support Northeast organic dairy industry

Jan. 14, 2022 14:26 PM EST

Northeast organic dairy companies are trying to recruit consumers to help strengthen the industry after news that 135 farms in Vermont, Maine, New Hampshire and New York will lose their milk contracts. An initiative announced Wednesday by Gary Hirshberg, co-founder of organic yogurt...

Mexico's president wants Mexicans to buy Citigroup unit

Jan. 13, 2022 17:50 PM EST

MEXICO CITY (AP) — Mexican President Andrés Manuel López Obrador said Thursday he hopes Mexican investors buy the local subsidiary of Citigroup. In a post on social media, the president said that “we would like this bank to be Mexicanized,” contending that foreign bankers...

Mining company buys four battery-powered locomotives

Jan. 10, 2022 18:11 PM EST

PITTSBURGH (AP) — One of the biggest locomotive manufacturers is selling more of its new battery-powered locomotives as railroads and mining companies work to reduce their carbon emissions. Wabtec said Monday that Rio Tinto has agreed to buy four of its new FLXdrive locomotives for...

Cyber Ninjas chief wants to start new firm with same workers

Jan. 07, 2022 16:59 PM EST

PHOENIX (AP) — The Donald Trump supporter hired to run a review of the 2020 election in Arizona told the state Senate president he’s starting a new company with some of the same employees as Cyber Ninjas, the old firm he's closing as it faces massive court fines for refusing to release public...

Minnesota gives key approval for sale of ND coal plant

Jan. 06, 2022 19:17 PM EST

MINNEAPOLIS (AP) — Minnesota regulators on Thursday approved the transfer of a key permit necessary for a financially troubled coal-fired power plant in North Dakota to be sold to a Bismarck-based marketer of wholesale electricity. Minnesota's Public Utilities Commission voted 5-0...

New York Times buys sports site The Athletic for $550M

Jan. 06, 2022 18:27 PM EST

The New York Times Co. is buying sports news site The Athletic for $550 million, the latest move in its strategy to expand its audience of paying subscribers as the newspaper print ads business fades. The Times, unlike many local news outlets, has thrived in the past several years....

Police struggle to deter rising catalytic converter thefts

Jan. 02, 2022 09:05 AM EST

RICHMOND, Va. (AP) — In the tiny town of Lawrenceville, Virginia, a van owned by Poplar Mount Baptist Church was knocked out of commission for weeks after thieves cut the catalytic converter out of its exhaust system. Several months later, across town, a catalytic converter was...

Archdiocese of Santa Fe's bankruptcy case plods along

Dec. 24, 2021 15:42 PM EST

SANTA FE, N.M. (AP) — The Archdiocese of Santa Fe’s Chapter 11 bankruptcy efforts have plodded along for three years with no end visible in the case involving more than 400 clergy abuse victims. Lawyers say three years is a comparatively long time for Chapter 11 proceedings but...