Latest Spin-offs News

Google smart-city spinoff folding over founder's health

Dec. 16, 2021 16:58 PM EST

Google parent company Alphabet is folding one of its subsidiaries back into Google as the startup's founder steps down to confront a neurological disease. Sidewalk Labs CEO Dan Doctoroff said Thursday he's leaving the company focused on urban planning technology because he “very...

Activist investor pushes Kohl's to sell or split e-commerce

Dec. 06, 2021 10:37 AM EST

NEW YORK (AP) — An activist investor is pushing department store chain Kohl's Inc. to either sell the entire company or spin off its e-commerce division. In a letter posted online on Monday, Engine Capital LP said that it wants the Menomonee Falls, Wisconsin-based chain to consider...

Maryland AG sues Monsanto, alleges harm to natural resources

Nov. 24, 2021 15:37 PM EST

BALTIMORE (AP) — Maryland’s attorney general filed a lawsuit Tuesday against chemical company Monsanto and two spinoffs, alleging that chemicals Monsanto manufactured harmed the state’s waters, fish and wildlife and seeking to recover damages and clean-up costs. The...

Japan's Toshiba spins off energy, computer device units

Nov. 12, 2021 05:03 AM EST

TOKYO (AP) — Embattled Japanese technology conglomerate Toshiba said Friday it is restructuring to improve its competitiveness, spinning off its energy infrastructure and computer devices businesses. The energy infrastructure spinoff will include Tokyo-based Toshiba...