Latest Asset sales News

Nexstar Media selling 19 TV stations for $1.32 billion

Mar. 20, 2019 7:26 AM EDT

IRVING, Texas (AP) — Nexstar is selling 19 television stations for $1.32 billion as part of its buyout deal with Tribune Media. Nexstar agreed in December to buy Chicago's Tribune Media for about $4 billion. Part of that agreement requires Nexstar to sell certain television stations in order to comply with...

What Disney gets as its $71.3B buy of Fox assets closes

Mar. 20, 2019 12:37 AM EDT

It's finally complete. Disney closed its $71 billion acquisition of Fox's entertainment assets on Wednesday, more than a year after the mega merger was proposed . Disney gets far ranging properties ranging from Fox's film studios, including "Avatar" and X-Men, to its TV productions such as "The Simpsons" and...

Iowa sues to shut down national puppy-laundering ring

Mar. 19, 2019 1:08 PM EDT

DES MOINES, Iowa (AP) — The Iowa Attorney General's Office is suing to shut down what it describes as a national puppy-laundering ring that sells dogs from illegal breeding operations at inflated prices while pretending the animals are rescues. The lawsuit filed Monday seeks an injunction to dissolve...

US regulators clear path for genetically modified salmon

Mar. 8, 2019 10:07 PM EST

NEW YORK (AP) — U.S. regulators on Friday gave the green light to salmon genetically modified to grow about twice as fast as normal, but the company behind it may face legal challenges before the fish can be sold domestically. The Food and Drug Administration said it lifted an alert that had prevented...

Devon Energy to cut about 200 workers; more layoffs expected

Mar. 6, 2019 7:00 PM EST

OKLAHOMA CITY (AP) — Devon Energy has confirmed that it is eliminating 200 jobs as it executes plans to sell or spin off its North Texas and Canadian assets. A spokesman for the Oklahoma City-based oil and gas company tells The Oklahoman that more layoffs are expected later this year at its headquarters...

After years of promise, battery cars about to go mainstream

Mar. 5, 2019 1:41 PM EST

GENEVA (AP) — For years, there have been lots of electric cars proudly rolled out at auto shows but few on the streets or at dealers. That could be about to change. The electric cars under the lights at the Geneva International Motor Show promise to be the leading edge of more affordable, longer-range...

Germany's FlixBus in talks on buying Eurolines from Transdev

Mar. 4, 2019 8:40 AM EST

BERLIN (AP) — German-based bus company FlixBus is in talks to buy international bus operator Eurolines from France's Transdev Group in a deal that would expand its European reach. FlixBus and Transdev said Monday that they are entering exclusive negotiations on Eurolines, whose network spans 25 countries....

EBay rethinking future of StubHub and classified business

Mar. 1, 2019 10:39 AM EST

NEW YORK (AP) — EBay said Friday that it is considering the sale or spin-off its ticket-reselling site StubHub and its classified ads business after a push from an activist investor. Back in January, Elliott Management said in a letter to the company in that it believed the e-commerce company would be...

Michigan lieutenant governor sells troubled real estate

Mar. 1, 2019 10:32 AM EST

DETROIT (AP) — Michigan's lieutenant governor has sold a fire-damaged Detroit apartment building at a loss after spending about $226,000 to try to revive it. A spokeswoman for the Detroit Land Bank Authority says the eight-unit building was sold for $190,000 to a real-estate company. Garlin Gilchrist II...

Trustee: Ocean Resort Casino improving finances, performance

Feb. 28, 2019 11:58 AM EST

ATLANTIC CITY, N.J. (AP) — The man overseeing Atlantic City's Ocean Resort Casino until new owners take over says the property is re-stocked with cash and is already starting to turn around its performance. In his first interview since being appointed as the divestiture trustee for the struggling property,...