Asset sales

FILE - In this May 18, 2017, file photo, a robotic arm with a high-intensity blowtorch is remotely operated to test ceramic matrix composites, which make engines more durable, heat-resistant and efficient, at the General Electric Aviation plant in Evendale, Ohio. General Electric Co. said Monday, Oct. 7, 2019, that it will freeze its pension plan for about 20,700 salaried workers as part of its debt-cutting plan. (AP Photo/John Minchillo, File)
1010 WINS Newsroom
October 07, 2019 - 3:37 pm
NEW YORK (AP) — General Electric is freezing the pension plans of about 20,000 of its workers and offering pension buyouts to 100,000 former employees as it attempts to reduce its mountain of debt. The industrial conglomerate has been selling off assets and streamlining its operations amid sagging...
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1010 WINS Newsroom
October 01, 2019 - 11:20 am
BERLIN (AP) — The Germany government has sold shares worth almost 381 million euros ($415 million) in companies that operate nuclear power plants abroad. The Interior Ministry said Tuesday the decision to liquidate the nuclear stocks from pension reserves was agreed upon in 2018 between the three...
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FILE - In this April 11, 2018, file photo, Facebook CEO Mark Zuckerberg testifies before a House Energy and Commerce hearing on Capitol Hill in Washington about the use of Facebook data to target American voters in the 2016 election and data privacy. Zuckerberg will be in Washington Thursday, Sept. 19, 2019, to meet with lawmakers and talk about internet regulation. The company said the meetings are not public and it did not give details on whom Zuckerberg is meeting with and what, exactly, he'll discuss. (AP Photo/Andrew Harnik, File)
1010 WINS Newsroom
September 19, 2019 - 8:23 pm
WASHINGTON (AP) — As Facebook CEO Mark Zuckerberg met Thursday with President Donald Trump and other critics of the tech industry, the Senate's most vocal detractor offered a challenge: Sell your WhatsApp and Instagram properties to prove you're serious about protecting data privacy. It may have...
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FILE - In this Dec. 12, 2017 file photo, city attorney Dennis Herrera, center, speaks at a news conference next to acting mayor London Breed, left, at City Hall in San Francisco. San Francisco officials are offering to buy Pacific Gas & Electric's power lines and other infrastructure in the city for $2.5 billion. Mayor London Breed and City Attorney Dennis Herrera presented the offer in a letter sent to the utility Friday, Sept. 6, 2019. (AP Photo/Jeff Chiu, file)
1010 WINS Newsroom
September 09, 2019 - 9:48 pm
SAN FRANCISCO (AP) — PG&E Corp. proposed Monday to resolve its bankruptcy case by offering nearly $18 billion to settle claims from devastating wildfires started by its equipment in recent years — an amount immediately criticized by victims who said less than half of that is intended for them...
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1010 WINS Newsroom
September 09, 2019 - 9:37 am
NEW YORK (AP) — Activist hedge fund manager Elliott Management is making a new $3.2 billion investment in AT&T and calling for changes at the company such as selling its DirecTV and Mexican wireless operations. The move comes as AT&T readies a streaming service following its $81 billion...
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The BP Energy Center, a building where nonprofits and groups can meet, is shown in Anchorage, Alaska, Wednesday, Aug. 28, 2019. BP announced plans Aug. 27, 2019, to sell its Alaska assets to Hilcorp, and its plan to pull out of Alaska could leave a big hole for nonprofits and other programs that benefited from the oil giant's donations and its employee volunteers. (AP Photo/Mark Thiessen)
1010 WINS Newsroom
August 28, 2019 - 8:46 pm
JUNEAU, Alaska (AP) — BP's plan to pull out of Alaska could leave a big hole for nonprofits and other programs that benefited from the oil giant's donations and its employee volunteers. BP on Tuesday announced it would sell its Alaska assets to Hilcorp in a deal expected to close next year. BP,...
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FILE - In this Oct. 4, 2018, file photo signs advertising the closing of a Lord & Taylor store are displayed in New York, Thursday. Lord & Taylor, one of the nation’s oldest department stores, is being sold for $100 million. The retailer’s owner, Hudson's Bay Co., says it reached a deal with online rental clothing company Le Tote Inc. (AP Photo/Seth Wenig, File)
1010 WINS Newsroom
August 28, 2019 - 10:44 am
NEW YORK (AP) — Lord & Taylor, one of the nation's oldest department stores, is being sold for $100 million to a rental clothing company. Le Tote Inc. is buying the company from Hudson's Bay Co., which gets a minority stake in Le Tote and will control two seats on its board. Lord & Taylor,...
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FILE - This Aug. 1, 2017, file photo shows the oil producer BP company logo at a petrol station in London. BP, a major player on Alaska’s North Slope for decades, is selling all of its Alaska assets, the company announced Tuesday, Aug. 27, 2019. Hilcorp Alaska is purchasing BP interests in both the Prudhoe Bay oil field and the trans-Alaska pipeline for $5.6 billion, BP announced in a release.(AP Photo/Caroline Spiezio, File)
1010 WINS Newsroom
August 27, 2019 - 6:58 pm
JUNEAU, Alaska (AP) — After decades of helping shape oil production in Alaska, BP announced Tuesday it is selling its assets in the state as it works to divest $10 billion worldwide. The sale to Hilcorp Alaska, an affiliate of Texas-based Hilcorp Energy Co., would be worth $5.6 billion, and include...
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A South Korean protester uses scissors to cut an image of Japanese Prime Minister Shinzo Abe during a rally denouncing the Japanese government's decision on their exports to South Korea in front of the Japanese Embassy in Seoul, South Korea, Tuesday, July 23, 2019. The signs read "Punish economic aggression." (AP Photo/Ahn Young-joon)
July 23, 2019 - 4:56 am
SEOUL, South Korea (AP) — Colonial-era Korean forced laborers launched a legal step Tuesday to get court approval for the sale of local assets of their former Japanese employer Mitsubishi Heavy Industries, which has refused to compensate the former workers. South Korea's Supreme Court last year...
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FILE - In this Thursday, March 3, 2011 file photo, a man walks past the AB InBev logos, in Leuven, Belgium. AB Inbev, the world's biggest brewer with brands like Budweiser and Corona, is selling its unit in Australia to reduce debt after it decided against listing shares in Asia. The company said Friday, July 19, 2019 it is selling Carlton & United Breweries for $16 billion AUD ($11.3 billion) to Japanese brewing rivals Asahi Group. (AP Photo/Yves Logghe, file)
July 19, 2019 - 8:26 am
BRUSSELS (AP) — AB Inbev, the world's biggest brewer with brands like Budweiser and Corona, said Friday it is selling its unit in Australia to reduce debt after it decided against listing shares in Asia. The company is selling Carlton & United Breweries for $16 billion AUD ($11.3 billion) to...
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