Latest Asset sales News

Hedge fund Alden in hunt for another big newspaper chain

Nov. 22, 2021 13:39 PM EST

Hedge fund Alden Global Capital, one of the country's largest newspaper owners with a reputation for intense cost cuts and layoffs, has offered to buy the local newspaper chain Lee Enterprises for about $141 million. In a news release Monday, Alden said it sent Lee's...

GM exploring electric boats, buys 25% stake in engine maker

Nov. 22, 2021 12:35 PM EST

DETROIT (AP) — General Motors is testing the water in electric boating by buying a 25% stake in a Seattle company that makes battery-powered outboard motors. The Detroit automaker said Monday that it bought the stake in Pure Watercraft for a venture that it says will...

Judge dismisses body disposal charge against crematory owner

Nov. 18, 2021 12:32 PM EST

WEST BLOOMFIELD, Mich. (AP) — A judge has dismissed a charge of improperly disposing of a body that was filed against the owner of a crematory in southeastern Michigan. State prosecutors didn’t have the evidence to support the charge against O’Neil Swanson,...

Johnson & Johnson to split into 2, aim for faster growth

Nov. 12, 2021 14:49 PM EST

Johnson & Johnson is peeling off a consumer health business that helped it become the world’s biggest health care products maker. The company said Friday that it will separate its segment that sells Band-Aids, Listerine and over-the-counter medicines like Tylenol...

Custom House Wharf has a yet-to-be-disclosed buyer

Nov. 08, 2021 10:26 AM EST

PORTLAND, Maine (AP) — The longtime owners of the 200-year-old Custom House Wharf in Portland, Maine, say they have found a buyer, who doesn't want to be named until closing has been concluded. That is tentatively scheduled to take place on Jan. 1, the Portland Press...

Vermont Tissue Paper will reopen under new ownership

Nov. 04, 2021 15:37 PM EDT

BENNINGTON, Vt. (AP) — A dormant hydroelectric plant in Vermont is planning to reopen under new ownership after its closure in 2018. According to town property records, the Vermont Tissue Paper hydroelectric plant was sold to North Bennington Hydroelectric for $100,000...

US ambassador cites "serious concerns" on Mexico energy bill

Nov. 03, 2021 20:58 PM EDT

MEXICO CITY (AP) — The U.S. ambassador to Mexico said Wednesday that his country has “serious concerns” about the Mexican government’s attempts to limit competition in the electrical power sector. Ambassador Ken Salazar said he met with Mexican officials to...

MGM Resorts says it'll sell The Mirage; no buyer identified

Nov. 03, 2021 19:43 PM EDT

LAS VEGAS (AP) — Casino giant MGM Resorts International said Wednesday it's looking to sell the operations of The Mirage hotel on the Las Vegas Strip, but no buyer was identified. In a letter released along with quarterly earnings, CEO Bill Hornbuckle said the process...

Zillow to stop home-flipping amid pricing 'unpredictability'

Nov. 02, 2021 19:15 PM EDT

LOS ANGELES (AP) — Zillow Group said Tuesday that it will stop buying and selling homes, citing the “unpredictability” of forecasting housing prices. The Seattle-based real estate information company said winding down its Zillow Offers homebuying and selling unit...

Facebook Inc.: A look at other corporate rebranding efforts

Oct. 28, 2021 16:27 PM EDT

NEW YORK (AP) — Facebook Inc. announced Thursday that it is changing its name to Meta Platforms Inc., joining a long list of companies that have tried to rebrand themselves over the years. The move comes as the company deals with the fallout from the Facebook Papers, a...