Asset sales

April 16, 2019 - 7:25 pm
NEW YORK (AP) — The Martha Stewart brand is getting a new home. Sequential Brands Group, which bought the Martha Stewart brand nearly four years ago for about $353 million, said Tuesday that it is selling it to Marquee Brands for about $175 million. As part of the deal, Marquee will also acquire...
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April 15, 2019 - 6:31 pm
NEW YORK (AP) — AT&T has sold its 9.5% share in Hulu back to the streaming TV company, leaving Disney and Comcast as its owners. Hulu said Monday that AT&T sold its stake for $1.43 billion, valuing the unprofitable Hulu at $15 billion. The Walt Disney Co. wound up with a 60% share after its...
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March 27, 2019 - 3:31 pm
BERLIN (AP) — German rail company Deutsche Bahn says it is examining the sale of its Britain-based subsidiary Arriva. Deutsche Bahn said in a statement Wednesday that its supervisory board has asked management to pursue "various options" for a sale. Arriva had a turnover of 5.44 billion euros ($6...
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Speaker of the House Nancy Pelosi, D-Calif., joined at left by Energy and Commerce Committee Chair Frank Pallone, D-N.J., speaks at an event to announce legislation to lower health care costs and protect people with pre-existing medical conditions, at the Capitol in Washington, Tuesday, March 26, 2019. The Democratic action comes after the Trump administration told a federal appeals court that the entire Affordable Care Act, known as "Obamacare," should be struck down as unconstitutional. (AP Photo/J. Scott Applewhite)
March 27, 2019 - 2:13 pm
Centene is spending more than $15 billion on rival WellCare to dive deeper into government-funded health coverage in the same week that President Donald Trump's administration renewed its attack on the Affordable Care Act. The insurer said Wednesday that its cash-and-stock deal to buy WellCare will...
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March 20, 2019 - 7:25 am
IRVING, Texas (AP) — Nexstar is selling 19 television stations for $1.32 billion as part of its buyout deal with Tribune Media. Nexstar agreed in December to buy Chicago's Tribune Media for about $4 billion. Part of that agreement requires Nexstar to sell certain television stations in order to...
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March 19, 2019 - 1:08 pm
DES MOINES, Iowa (AP) — The Iowa Attorney General's Office is suing to shut down what it describes as a national puppy-laundering ring that sells dogs from illegal breeding operations at inflated prices while pretending the animals are rescues. The lawsuit filed Monday seeks an injunction to...
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This 2009 photo provided by AquaBountyTechnologies shows a juvenile salmon raised at the company's hatchery in Fortune, Prince Edward Island, Canada. On Friday, March 8, 2019, the U.S. Food and Drug Administration said it had lifted an alert had that had prevented AquaBounty from importing its salmon eggs to its Indiana facility, where they would be grown before being sold as food. (AquaBountyTechnologies via AP)
March 08, 2019 - 10:06 pm
NEW YORK (AP) — U.S. regulators on Friday gave the green light to salmon genetically modified to grow about twice as fast as normal, but the company behind it may face legal challenges before the fish can be sold domestically. The Food and Drug Administration said it lifted an alert that had...
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February 25, 2019 - 8:29 am
BOSTON (AP) — General Electric is selling its biopharma business to Danaher Corp. for $21.4 billion as it continues to sell off chunks of a once sprawling conglomerate. The biopharma unit, part of GE Life Sciences, generated revenue of about $3 billion last year. Danaher said after tax benefits,...
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February 25, 2019 - 2:31 am
BEIJING (AP) — The operators of China's largest silver mine transported workers underground on a broken-down bus that was bought online, routinely overloaded and operating on ramp not intended for transporting people, safety officials said after the bus crashed, killing 21 miners and injuring 29...
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FILE - In this Monday, Jan. 12, 2015, file photo, a man takes pictures of Caesars Palace hotel and casino, in Las Vegas. Billionaire investor Carl Icahn plans to drive casino giant Caesars Entertainment to sell itself. The activist investor disclosed in a securities filing Tuesday, Feb. 19, 2019, that he owns a roughly 10 percent stake in the company, confirming previous reports. (AP Photo/John Locher, File)
February 19, 2019 - 8:22 pm
LAS VEGAS (AP) — Billionaire investor Carl Icahn on Tuesday disclosed he has taken a 10 percent stake in Caesars Entertainment and is pushing the casino giant to sell itself. The activist investor said in a filing with the Securities and Exchange Commission that he wants representation on Caesars'...
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