Latest Asset sales News

Lordstown Motors shipping out first batch of electric trucks

Nov. 30, 2022 14:47 PM EST

LORDSTOWN, Ohio (AP) — Commercial electric vehicle startup Lordstown Motors has received approval to ship the first batch of its first model, the Endurance pickup. The company announced Tuesday that the first units of the initial batch of 500 trucks were leaving the plant after...

MLB sells share of BAMTech to Walt Disney Co. for $900M

Nov. 29, 2022 20:44 PM EST

NEW YORK (AP) — Major League Baseball has sold its remaining share of a streaming service technology company to the Walt Disney Co. for $900 million. The sale was disclosed Tuesday in Walt Disney Co.'s annual filing report through the SEC. MLB received the $900 million in exchange...

US firm agrees to buy stake in German soccer team Hertha

Nov. 24, 2022 08:37 AM EST

BERLIN (AP) — A U.S. investment firm has agreed on a deal to buy investor Lars Windhorst's majority stake in Bundesliga soccer team Hertha Berlin. Miami-based 777 Partners said it agreed to buy the 64.7 percent stake in Hertha’s company structure from Windhorst's firm Tennor,...

Bulgaria to let Russian oil refinery export despite EU ban

Nov. 22, 2022 08:06 AM EST

SOFIA, Bulgaria (AP) — Bulgaria will allow a Black Sea refinery owned by a Russian oil company to keep operating and exporting oil products to the European Union until the end of 2024 despite warnings by Brussels that it is against the bloc’s sanctions. The deal between Bulgaria...

Exec who cleaned up Enron calls FTX mess 'unprecedented'

Nov. 17, 2022 11:24 AM EST

NEW YORK (AP) — The man who had to clean up the mess at Enron says the situation at FTX is even worse, describing what he calls a “complete failure” of corporate control. The filing by John Ray III, the new CEO of the bankrupt cryptocurrency firm, lays out a damning...

Buffett's firm cuts stakes U.S. Bank, BYD; adds chip maker

Nov. 14, 2022 19:15 PM EST

OMAHA, Neb. (AP) — Warren Buffett's company slashed its stake in U.S. Bank's parent company and also sold shares in Chinese electric car maker BYD in the third quarter, according to regulatory filings Monday. The moves were among several others including a more than $4.1 billion...

Appellate judge won't block appointment of Trump Org monitor

Nov. 09, 2022 17:46 PM EST

NEW YORK (AP) — Former President Donald Trump’s company can't avoid an independent monitor's oversight while it appeals a court’s decision to require an outside watchdog, a New York appellate court judge ruled Wednesday. Angela Mazzarelli, an associate justice on the state’s...

Germany blocks Chinese-owned firm's chip factory deal

Nov. 09, 2022 12:45 PM EST

BERLIN (AP) — The German government on Wednesday blocked the sale of a chip factory to a Swedish subsidiary of a Chinese company, a decision that comes as Berlin grapples with its future approach to Beijing. The move by the Cabinet follows a recent compromise over a Chinese...

Dutch, UK fentanyl sellers hit with Treasury sanctions

Nov. 09, 2022 12:12 PM EST

WASHINGTON (AP) — Two Dutch nationals, an Englishman and their nine companies were targeted for sanctions by the U.S. government this week, for operating an illegal fentanyl ring that generated millions of dollars in virtual currency. Alex Adrianus Martinus Peijnenburg and...

German government blocks planned sale of chip factory to Chinese-owned company

Nov. 09, 2022 06:39 AM EST
BERLIN (AP) — German government blocks planned sale of chip factory to Chinese-owned company.