Latest Asset sales News

Kentucky paper to be sold, ending family's 140-year history

Jun. 21, 2022 17:08 PM EDT

BOWLING GREEN, Ky. (AP) — The Gaines family has agreed to sell the Daily News of Bowling Green, Kentucky, to Carpenter Newsmedia LLC, an affiliate of Boone Newspapers Inc., it was announced Tuesday. Terms of the sale were not disclosed. The deal is expected to close June 30 and...

Judge: Va. facility can sell some dogs, must stop breeding

Jun. 19, 2022 14:57 PM EDT

LYNCHBURG, Va. (AP) — A federal judge is allowing a company that runs a central Virginia research dog-breeding facility to resume selling some dogs for biomedical research purposes, but he ordered Envigo RMS to cease breeding new puppies. U.S. District Judge Norman Moon’s...

Kohl's Corp. negotiating to sell to Vitamin Shoppe operator

Jun. 07, 2022 09:03 AM EDT

MILWAUKEE (AP) — Wisconsin-based Kohl’s Corp. is in negotiations to sell the company to the group that runs Vitamin Shoppe stores. The Milwaukee Journal Sentinel reported that the Menominee Falls-based retailer said Monday that it has entered negotiations with Franchise Group...

U.S. seeks to seize 2 luxury jets linked to Russian oligarch

Jun. 06, 2022 18:08 PM EDT

NEW YORK (AP) — U.S. authorities moved Monday to seize two luxury jets — a $60 million Gulfstream and a $350 million aircraft believed to be one of the world’s most expensive private airplanes — after linking both to Russian oligarch Roman Abramovich. A federal magistrate...

Canada fund invests $5 billion in DP World's Dubai home base

Jun. 06, 2022 06:03 AM EDT

DUBAI, United Arab Emirates (AP) — International port operator DP World said on Monday it sold a stake in its home base, the Jebel Ali Port, and other flagship assets to one of Canada’s largest pension funds for $5 billion, expanding the Canadian group's reach into the crown jewel of the...

Live updates | Russia-Ukraine War

May. 24, 2022 21:50 PM EDT

The Russian parliament gave preliminary approval Tuesday to a bill that would allow the government to appoint new management of foreign companies that pulled out of Russia after its invasion of Ukraine. According to the state news agency Tass, the new law would transfer control over...

Senate OKs overhaul of baby formula rules in aid program

May. 19, 2022 19:46 PM EDT

WASHINGTON (AP) — The Senate approved a bill Thursday aimed at easing the baby formula shortage for families participating in a government assistance program that accounts for about half of all formula purchased in the United States. The House passed the bill the day before, so it...

Live updates | Russia-Ukraine War

May. 16, 2022 22:49 PM EDT

LVIV, Ukraine — The western Ukrainian city of Lviv has been rocked by number of very loud explosions. An Associated Press team in the city witnessed the glare of bright explosions which lit up the night sky to the west of the city shortly after midnight local time. Witnesses...

Nucor announces purchase of Illinois overhead door maker

May. 16, 2022 13:24 PM EDT

CHARLOTTE, N.C. (AP) — Nucor Corp. is buying an Illinois-based overhead door manufacturer for $3 billion in a deal expected to close in June, the company announced on Monday. In a news release, the Charlotte-based steel manufacturer said it has entered into an agreement to purchase...

French carmaker Renault to sell Russian operations to Moscow

May. 16, 2022 10:05 AM EDT

Russia will take control of French car manufacturer Renault's operations in the country and resurrect a Soviet-era auto brand, officials said Monday, marking the first major nationalization of a foreign business since the war in Ukraine began. Renault said it would sell its majority...