Latest Spin-offs News

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...

Daimler's trucks, luxury cars to go their separate ways

Oct. 01, 2021 12:04 PM EDT

FRANKFURT, Germany (AP) — Shareholders in Daimler AG, maker of Mercedes-Benz luxury cars, on Friday approved the spinoff of the company's truck division, a move intended to let the world's largest maker of trucks react faster to change and focus on the new low-emission technologies...

Delaware sues Monsanto alleging damage to natural resources

Sep. 24, 2021 14:53 PM EDT

DOVER, Del. (AP) — Delaware’s attorney general has filed a lawsuit against chemical company Monsanto and spinoffs Solutia and Pharmacia, alleging long-lasting damage to the state's natural resources. The lawsuit filed Delaware Superior Court on Wednesday alleges...

After Ida outages, utility proposals include city takeover

Sep. 22, 2021 12:10 PM EDT

NEW ORLEANS (AP) — Amid calls for investigations following major power losses during Hurricane Ida, the power company subsidiary that provides electric service to New Orleans said Tuesday it's ready to discuss having the city assume control of the municipal power system. ...