Latest Asset sales News

Navajo leader: Tribe won't back energy company's new mines

Nov. 12, 2019 11:05 PM EST

FLAGSTAFF, Ariz. (AP) — The Navajo Nation will not financially back bonds a tribal energy company needs for a trio of newly acquired coal mines off the reservation, the tribal president said Tuesday, explaining that it's too risky and his administration wants the company to move away from coal. The Navajo...

WeWork to sell MeetUp, cut jobs in 90-day turnaround plan

Nov. 8, 2019 8:11 PM EST

NEW YORK (AP) — WeWork said Friday it will divest from several side businesses and cut jobs as part of a 90-day plan to turn itself around following its botched attempt to sell stock on Wall Street. The office-sharing company will divest from five non-core businesses, including Meetup, the online community...

GM selling shuttered Ohio factory to electric truck maker

Nov. 7, 2019 4:53 PM EST

TOLEDO, Ohio (AP) — General Motors is selling a massive assembly plant it shut down earlier this year in Ohio, a closing that drew threats and scolding from President Donald Trump, to a newly formed company that said Thursday it intends to begin making electric trucks by late 2020. The company called...

Hulman & Company selling Indianapolis Motor Speedway, IndyCar Series and other properties to Penske Entertainment Corp.

Nov. 4, 2019 8:11 AM EST
INDIANAPOLIS (AP) — Hulman & Company selling Indianapolis Motor Speedway, IndyCar Series and other properties to Penske Entertainment Corp.

Hoiberg sees untapped potential at long-suffering Nebraska

Nov. 1, 2019 2:19 PM EDT

LINCOLN, Neb. (AP) — Fred Hoiberg knows the track record of Nebraska basketball coaches isn't good. He wanted the job anyway. The curse of the Cornhuskers stretches back 70 years. That's how long it's been since they won their most recent conference championship. They own the distinction of being the only...

Bankruptcy judge approves sale of Barneys assets

Oct. 31, 2019 3:49 PM EDT

NEW YORK (AP) — Barneys New York, the iconic luxury chain, says a bankruptcy judge has approved the sale of its assets to fashion licensing company Authentic Brands Group. The New York-based retailer said Thursday there's still a chance that rival bidders could come forward before the sale closes on...

Trial opens in lawsuit over 'Frankenstein' use of remains

Oct. 28, 2019 7:47 PM EDT

PHOENIX (AP) — A retired FBI agent described a horrific raid of now-closed body donation facility Monday, recalling a table stacked with severed human legs, heads stuffed in a cooler, and torsos without heads and limbs. Mark Cwynar testified on the opening day of a civil trial that one torso had its head...

A $12.6B land deal underscores shifting retail battlefield

Oct. 28, 2019 1:10 PM EDT

SAN FRANCISCO (AP) — Shares in Liberty Property Trust jumped 15% Monday after yet another land deal that underscores the drastic changes in how Americans shop. Over the weekend, Liberty was acquired by rival Prologis in a deal the commercial real estate companies are valuing at $12.6 billion, including...

AT&T makes changes in response to activist investor push

Oct. 28, 2019 11:15 AM EDT

NEW YORK (AP) — AT&T said it will look for more parts of its business to sell off and add two new board members after pressure from an activist investor. The moves are part of a plan to boost results that also includes paying down debt from its $81 billion Time Warner acquisition. The activist...

Barneys pens deal to sell assets to Authentic Brands

Oct. 17, 2019 3:41 PM EDT

NEW YORK (AP) — Luxury chain Barneys New York has penned a deal to sell its assets for $271.4 million to Authentic Brands Group, a licensing company that owns such brands as Nine West and Aeropostale, and investment bank B. Riley Financial Inc., according to court documents filed late Wednesday. The deal...