Latest Asset sales News

Foot Locker, MGM rise; Reata, Kodak fall

Aug. 10, 2020 4:28 PM EDT

NEW YORK (AP) — Stocks that moved heavily or traded substantially Monday: Twitter Inc., up 30 cents to $37.44. The social media company held preliminary talks to buy TikTok's U.S. operations, according to the Wall Street Journal. Simon Property Group Inc., up $3.28 to $65.47. The mall operator is...

FILE - In this Aug. 11, 2016, file photo, green chile from Hatch, N. M., goes on sale at a roadside roasting stand in Santa Fe, N.M. Organizers of the annual Hatch Chile Festival said Monday, July 6, 2020, that COVID-19 had forced the cancellation of the event for the first time in its 49-year-old history. (AP Photo/Morgan Lee,File)

Green chile distributors to sell directly to public

Aug. 7, 2020 5:58 PM EDT

ALBUQUERQUE, N.M. (AP) — New Mexico green chile distributors say health restrictions amid the pandemic are forcing them to sell chiles directly to the public. KOB-TV in Albuquerque reports distributors have no choice but to sell directly because many restaurants are operating differently during the...

University of Arizona to expand, buy online college

Aug. 4, 2020 2:42 PM EDT

TUCSON, Ariz. (AP) — The University of Arizona has announced that it is acquiring a San Diego-based online college and creating an online university to play into the digital college market. The Tucson-based university said Monday that it will buy the assets of Ashford University, which has 35,000 students,...

Deal gives Atlanta company control of Anchorage TV news

Aug. 3, 2020 4:46 PM EDT

ANCHORAGE, Alaska (AP) — An Alaska telecommunications company has completed a deal to sell its Anchorage TV station to a Georgia company that already owns an Anchorage channel and will now control the state’s two leading broadcast news stations. GCI Inc. and Atlanta-based Gray Television Inc....

FILE - In this Jan. 2, 2019, file photo, women peer in the front door of Lord & Taylor's flagship Fifth Avenue store which closed for good in New York. New York landmark retailer Lord & Taylor has filed for bankruptcy, joining a growing list of retailers flummoxed by the pandemic. (AP Photo/Kathy Willens, File)

Retail rout gains pace, Lord & Taylor seeks bankruptcy

Aug. 3, 2020 8:45 AM EDT

NEW YORK (AP) — Lord & Taylor, America's oldest retailer, is seeking bankruptcy protection, as is the owner of Men’s Wearhouse and Jos. A. Bank, lengthening the list of major retail chains that have faltered in the pandemic. Household names, many longtime anchors in malls nationwide, were...

A man wearing a shirt promoting TikTok is seen at an Apple store in Beijing on Friday, July 17, 2020. U. S. President Donald Trump says he wants to take action to ban TikTok, a popular Chinese-owned video app that has been a source of national security and censorship concerns. (AP Photo/Ng Han Guan)

Microsoft confirms talks seeking to buy US arm of TikTok

Aug. 2, 2020 9:06 PM EDT

NEW YORK (AP) — Microsoft confirmed Sunday it is in talks with Chinese company ByteDance to acquire the U.S. arm of its popular video app TikTok and has discussed with President Donald Trump his concerns about security and censorship surrounding such an acquisition. In a statement, Microsoft said Microsoft...

Siemens Healthineers to buy US cancer care firm Varian

Aug. 2, 2020 4:42 AM EDT

BERLIN (AP) — Germany-based Siemens Healthineers said Sunday it will buy U.S. cancer therapy and research company Varian in a deal worth around $16.4 billion. Siemens Healthineers, in which industrial conglomerate Siemens holds a majority stake, said it will buy all shares in Varian Medical Systems, Inc....

Q&A: What would a US ban on Chinese-owned app TikTok mean?

Aug. 1, 2020 4:18 PM EDT

NEW YORK (AP) — President Donald Trump says he wants to take action to ban TikTok, a popular Chinese-owned video app that has been a source of national security and censorship concerns. The threat comes as Microsoft Corp. is in advanced talks to buy the Chinese app, owned by Bytedance Ltd., according to a...

FILE - This Feb. 25, 2020, file photo, shows the icon for TikTok in New York.   President Donald Trump will order China’s ByteDance to sell its hit video app TikTok because of national-security concerns, according to reports published Friday, July 31, 2020. “We are looking at TikTok,

Microsoft in advanced talks to buy TikTok's US business

Aug. 1, 2020 2:50 PM EDT

NEW YORK (AP) — Microsoft is in advanced talks to buy the U.S. operations of TikTok, the popular Chinese-owned video app that has been a source of national security and censorship concerns, according to a person familiar with the discussions who spoke only on condition of anonymity because of the...

Kentucky coal operator files for bankruptcy protection

Jul. 23, 2020 1:37 PM EDT

LEXINGTON, Ky. (AP) — A coal operator headquartered in Kentucky, which bought assets from Blackjewel LLC after the company went bankrupt last year, has now filed for bankruptcy protection. Rhino Resource Partners announced Wednesday they plan to sell all their assets and the assets of their subsidiaries to...