Latest Asset sales News

Oil company seeks to keep records closed in Alaska buyout

Nov. 11, 2019 9:20 AM EST

ANCHORAGE, Alaska (AP) — Some Alaskans are calling for greater financial transparency from Hilcorp Energy Co., the company seeking to buy BP's North Slope assets, officials said. Hilcorp asked the Regulatory Commission of Alaska to allow recent years of financial records to remain confidential, The...

Pennsylvania mall sold again for more than $8 million

Nov. 10, 2019 2:30 PM EST

CRESSONA, Pa. (AP) — A Pennsylvania mall has changed hands again more than four years after its sale by federal marshals. The (Pottsville) Republican-Herald reports that three limited liability companies spent a little more than $8 million for the Cressona Mall on Friday. The purchase price was more than...

Mitsubishi Electric exploring buyout of its Memphis plant

Nov. 9, 2019 12:14 PM EST

MEMPHIS, Tenn. (AP) — Mitsubishi Electric say it is talking with a potential buyer for its Memphis plant. Mitsubishi Electric general manager Joe Durante tells The Commercial Appeal the company expects the third-party prospective buyer would hire at least some current Memphis workers. He said the possible...

JSU selling surplus properties to nearby homeowners

Nov. 9, 2019 10:40 AM EST

JACKSON, Miss. (AP) — Jackson State University is selling surplus properties that it owns to nearby homeowners. The university says in a news release that 49 of the 134 properties had been sold by last week, generally for $100 to $1,000. One went for $1. Mississippi enacted a law this year allowing JSU to...

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...

Legislators revisit landmark energy law for New Mexico

Nov. 7, 2019 7:34 PM EST

SANTA FE, N.M. (AP) — Leading legislators lashed out at the state's utility regulators and rallied around a landmark energy law that would divest the state's main investor-owned utility from a coal-fired power plant and guide new investments in renewable energy. Lawmakers including Democratic House Speaker...

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...