Latest Asset sales News

FILE - In this Tuesday, March 3, 2020 file photo, Federal Reserve Chair Jerome Powell pauses during a news conference to discuss an announcement from the Federal Open Market Committee, in Washington. In a series of sweeping steps, the U.S. Federal Reserve will lend to small and large businesses and local governments as well as extend its bond buying programs.  The announcement Monday, March 23 is part of the Fed's ongoing efforts to support the flow of credit through an economy ravaged by the viral outbreak.  (AP Photo/Jacquelyn Martin, File)

Fed makes strongest bid yet to protect firms and governments

Mar. 23, 2020 9:10 PM EDT

WASHINGTON (AP) — The Federal Reserve is unleashing its boldest effort yet to protect the U.S. economy from the coronavirus by helping companies and governments pay their bills and survive a devastating crisis. With lending in Treasury and mortgage markets threatening to shut down, the Fed announced an...

Scott Mitchell fills a box with toilet paper at the Tissue Plus factory, Wednesday, March 18, 2020, in Bangor, Maine. The new company has been unexpectedly busy because of the shortage of toilet paper brought on by hoarders concerned about the coronavirus. (AP Photo/Robert F. Bukaty)

Amid virus, humble toilet paper is suddenly a hot commodity

Mar. 23, 2020 8:22 AM EDT

PORTLAND, Maine (AP) — There's no denying Tissue Plus is on a roll. As luck would have it, the company launched production of toilet paper a couple of weeks ago — just as the reality of the coronavirus outbreak was starting to hit the U.S. Consumers began stocking up on the basic necessity in the...

SoftBank to buy back $41 billion in assets to trim debt

Mar. 23, 2020 4:43 AM EDT

BANKGOK (AP) — The Japanese technology and telecoms company SoftBank said Monday it plans to buy back up to 4.5 trillion yen ($41 billion) of its assets as it seeks to trim its gigantic debt burden. The company's founder, Masayoshi Son, said the move reflected “the firm and unwavering confidence we...

FILE - In this Aug. 15, 2019, file photo, a Pacific Gas & Electric worker walks in front of a truck in San Francisco. PG&E and California Gov. Gavin Newsom have reached a deal for the nation's largest utility to emerge from bankruptcy triggered by massive liabilities from wildfires. PG&E agreed to overhaul its board and operations and to put the company up for sale if it doesn't get out of bankruptcy by June 30. (AP Photo/Jeff Chiu, File)

PG&E reaches bankruptcy deal with California governor

Mar. 20, 2020 8:29 PM EDT

SACRAMENTO, Calif. (AP) — Pacific Gas & Electric and California Gov. Gavin Newsom announced a deal Friday that removes one of the last hurdles for the nation's largest utility to emerge from a bankruptcy triggered by its massive liabilities from wildfires. PG&E agreed to overhaul its board and...

Business Fallout: Airlines lobby for funds, Domino's hiring

Mar. 19, 2020 9:44 PM EDT

It was less than 11 weeks ago that the first cases of pneumonia were detected in Wuhan, China. The speed at which what would soon be named COVID-19, the disease caused by the new coronavirus, knocked the global economy askew is unparalleled in our lifetimes. Following are developments Thursday related to the...

Aerial view of the Ford Motor Company’s factory in Sao Bernardo do Campo, in the greater Sao Paulo area, Brazil, Thursday, March 12, 2020. Ford is ending local production of the sort of vehicles produced at plant and announced in September it would sell it to a distributor of Hyundai and Chery vehicles. (AP Photo/Andre Penner)

Brazil's battered job market faces new foe: Coronavirus

Mar. 16, 2020 8:30 PM EDT

SAO BERNARDO DO CAMPO, Brazil (AP) — At Ford Motor Company’s shuttered factory in Sao Bernardo do Campo, a cradle of Brazil's car industry, only a handful of bored-looking staffers remain in its few administrative offices. Within the gates, outsourced workers dismantle cables and wires that will be...

FILE - In this Nov. 15, 2016, file photo, a mechanized shovel loads coal from an 80-feet thick seam at the Spring Creek mine near Decker, Mont. Montana regulators reached a deal Thursday, March 12, 2020, allowing the state to enforce environmental laws at the mine after it was bought last year by a Navajo-owned company. (AP Photo/Matthew Brown, File)

Montana, Navajo company reach deal on mine to waive immunity

Mar. 12, 2020 6:55 PM EDT

BILLINGS, Mont. (AP) — Montana regulators have reached a deal allowing the state to enforce environmental laws at a large coal mine bought by a Navajo-owned company, officials said Thursday. For months, executives from the Navajo Transitional Energy Company and state officials had been unable to resolve...

Man pleads guilty to selling guns stolen from ATF facility

Mar. 5, 2020 6:25 PM EST

JOHNSTOWN, Pa. (AP) — A Pennsylvania man awaits sentencing after pleading guilty Thursday to charges that he bought and sold guns and gun parts that had been stolen from a federal disposal facility. Richard Adam Schreiber, 38, of Everett, pleaded guilty to five federal counts related to the thefts by a...

New York Yankees' Gerrit Cole delivers a pitch during the first inning of a spring training baseball game against the Detroit Tigers, Saturday, Feb. 29, 2020, in Tampa, Fla. (AP Photo/Frank Franklin II)

Amazon Prime Video will stream 21 Yankees games this season

Mar. 3, 2020 1:47 PM EST

TAMPA, Fla. (AP) — Amazon Prime Video will stream 21 Yankees games to members in New York's broadcast market this season at no additional cost. The games are produced by the Yankees' YES Network and are all scheduled for broadcast on WPIX, YES said Tuesday. Major League Baseball owners voted in November to...

FILE - In this Friday, Oct. 25, 2019, file photo, White House senior adviser Jared Kushner boards Air Force One at Andrews Air Force Base, Md., for a trip to Columbia, S.C., with President Donald Trump. Kushner has sold his stake in a company investing in “Opportunity Zone

Kushner sells stake in firm criticized for possible conflict

Mar. 2, 2020 11:53 PM EST

NEW YORK (AP) — President Donald Trump's son-in-law and adviser Jared Kushner has sold his stake in a company investing in Opportunity Zone projects offering tax breaks he had pushed for in Washington, sparking criticism that he was benefiting from his White House role. A filing at the Office of Government...