Latest Asset sales News

'Quasi-preneurs' see opportunity, challenges in franchising

Aug. 06, 2022 10:15 AM EDT

NEW YORK (AP) — In 2020, Kelly Jackson and Davina Arceneaux wanted to leave their company jobs and become business owners. They were looking for something both COVID-proof and recession-resistant. Instead of completely stepping out from under a corporate umbrella, they looked at...

States reach deal over marketing, safety of generic opioids

Jul. 29, 2022 14:31 PM EDT

HARRISBURG, Pa. (AP) — A former opioid manufacturer has agreed in principle to pay up to $2.4 billion in a deal with a dozen states over its marketing and product safety practices, state attorneys general announced Friday. The company, Allergan, is now part of AbbVie but sold its...

Company wants $14M to get out of Oregon mega dairy

Jul. 26, 2022 15:17 PM EDT

SALEM, Ore. (AP) — The company that bought a troubled mega dairy plant in northern Oregon several years ago may be ready to give up their efforts toward reopening it, according to new documents that show repeated setbacks. Easterday Dairy has been repeatedly cited for failing to...

Japan calls for S. Korea's steps to resolve row after talks

Jul. 19, 2022 07:45 AM EDT

TOKYO (AP) — Japan's foreign minister said Tuesday he expects South Korea to take appropriate steps toward resolving the countries' wartime disputes, warning that a mishandling especially of the issue of forced Korean laborers would cause “grave” consequences for their bilateral ties. ...

Report: Illinois property law fails to end redlining impact

Jul. 19, 2022 07:44 AM EDT

A nearly 80-year-old law intended to put distressed and tax-delinquent Chicago-area properties back to productive use has done little to improve or solve racial inequities in the city's Black and Latino neighborhoods, according to a study. A report released Tuesday by the Cook County...

Vegas company's 3 Station Casinos sites to be razed, sold

Jul. 15, 2022 19:27 PM EDT

LAS VEGAS (AP) — The corporate owner of several local Las Vegas-area casinos said Friday it plans to demolish three shuttered hotel towers and sell the properties that have been closed since the start of the coronavirus pandemic in March 2020. Red Rock Resorts said its Texas...

Investors take $17.5B stake in Deutsche Telekom cell towers

Jul. 14, 2022 04:39 AM EDT

BERLIN (AP) — Deutsche Telekom says it is selling a majority stake in its German and Austrian cellphone tower business to American and Canadian investors for 17.5 billion euros (dollars). The Bonn-based telecommunications company said U.S.-based DigitalBridge and Canada's...

Publisher of The Believer raises $300,000, exceeding goal

Jul. 13, 2022 15:55 PM EDT

NEW YORK (AP) — McSweeney's has raised just over $300,000 — exceeding its goal by $25,000 — in the two months since announcing it was buying back The Believer, the acclaimed literary publication that nearly went out of business last year. Around 1,500 people gave money for the...

Baltimore's vacant homes draw interest from investors

Jul. 10, 2022 09:05 AM EDT

BALTIMORE (AP) — Members of a community development group gathered outside a vacant West Baltimore rowhouse on a cloudy winter morning, preparing for an auction, when a stranger in his 20s showed up with a New York accent and slicked-back hair. As the auctioneer called out bids for...

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...