Asset sales

November 16, 2020 - 4:08 pm
NEW YORK (AP) — PNC Financial Services Group Inc. said Monday it is buying the U.S. subsidiary of Spain’s BBVA bank for $11.6 billion in cash. BBVA's U.S. operations, which are based in Houston, Texas, have $104 billion in assets and operate 637 branches, mainly in the south and southwest of the...
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FILE - This Feb. 25, 2020, file photo, shows the icon for TikTok in New York. The popular video-sharing app TikTok, its future in limbo since President Donald Trump tried to shut it down earlier this fall, is asking a federal court to intervene. "With the November 12 CFIUS deadline imminent and without an extension in hand, we have no choice but to file a petition in court to defend our rights and those of our more than 1,500 employees in the US,” TikTok said in a written statement Tuesday, Nov. 11, 2020. (AP Photo/File)
November 11, 2020 - 6:07 pm
The popular video-sharing app TikTok, its future in limbo since President Donald Trump tried to shut it down earlier this fall, is asking a federal court to intervene. TikTok's Chinese owner, ByteDance, has until Thursday to sell off its U.S. operations under an executive order that Trump signed in...
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Tyler, Texas firefighters respond to a fire and explosion at the freezer buildings at Greenberg Smoked Turkeys Inc., in Tyler, Texas, Friday, Nov. 6, 2020. The company in eastern Texas that sells about 200,000 smoked turkeys every holiday season was forced to shut down after the fire and at least two explosions destroyed part of the facility. The company will halt production for the rest of 2020 after a mechanical failure that started a fire caused a freezer holding 87,000 turkeys to explode. (Zak Wellerman/Tyler Morning Telegraph via AP)
November 10, 2020 - 5:17 pm
TYLER, Texas (AP) — A company in eastern Texas that sells about 200,000 smoked turkeys every holiday season was forced to shut down after a fire and at least two explosions destroyed part of the facility. Greenberg Smoked Turkey Inc. in Tyler, Texas, will halt production for the rest of 2020 after...
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FILE - This Oct. 5, 2011 file photo shows a sign displayed on the door at Friendly's restaurant in Brunswick, Maine. Friendly's Restaurant, an East Coast restaurant chain known for its sundaes, is filing for bankruptcy protection. The company said it will sell substantially all of its assets to the restaurant company, Amici Partners Group, and all 130 of its locations will remain open while in restructures under Chapter 11 bankruptcy protection. (AP Photo/Pat Wellenbach, File)
November 02, 2020 - 10:50 am
WILBRAHAM, Mass. (AP) — Friendly's Restaurants, the 85-year-old East Coast dining chain known for its Fribble milkshakes and ice cream sundaes, is filing for bankruptcy protection. It joins a growing list of well-established restaurant chains that have dining rooms without diners due to the...
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This May 7, 2020, file photo, shows a Dunkin' Donuts at the Greater Pittsburgh International Airport in Moon, Pa. The Dunkin’ doughnuts and coffee chain confirmed it's held talks to be taken private by a private equity firm, sending shares rocketing to an all-time high at the opening bell Monday, Oct. 26, 2020.(AP Photo/Gene J. Puskar, File)
October 30, 2020 - 8:45 pm
NEW YORK (AP) — Dunkin’ doughnuts and coffee is being combined with Buffalo Wild Wings and Arby's sandwiches. Inspire Brands Inc. said Friday that it is acquiring Dunkin' Brands Group Inc. for $11.3 billion, including the Dunkin’ Brands’ debt that Inspire will be taking on. The private-equity firm...
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FILE - This Monday, Sept. 28, 2020, file photo, shows as logo of a smartphone app TikTok on a user post on a smartphone screen in Tokyo. Canadian e-commerce platform Shopify said Tuesday, Oct. 27, 2020, it’s made a deal with TikTok enabling merchants to create “shoppable” video ads that drive customers to online stores. (AP Photo/Kiichiro Sato, File)
October 27, 2020 - 1:17 pm
The popular short-form video app TikTok, still under U.S. government scrutiny for its Chinese ownership, is moving closer to becoming a marketplace for buying stuff. Canadian e-commerce platform Shopify said Tuesday it's made a deal with TikTok enabling merchants to create “shoppable” video ads...
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This combination photo shows Meg Whitman at The Hollywood Reporter's Women in Entertainment Breakfast Gala in Los Angeles on Dec. 11, 2019, left, and Jeffrey Katzenberg at the 26th annual Screen Actors Guild Awards in Los Angeles on Jan. 19, 2020. Katzenberg and Whitman are bringing Quibi to a phone near you with movies, shows and news served in quick bites. (AP Photo)
October 21, 2020 - 5:11 pm
Short-video app Quibi is shutting down just six months after its early April launch after struggling to find customers. The company said Wednesday that it would wind down its operations and sell its assets. The video platform — designed for people who were out and about to watch on their phones —...
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October 09, 2020 - 6:32 am
LONDON (AP) — The London Stock Exchange Group has agreed to sell its holding in the parent company of the Italian stock exchange to rival Euronext for at least 4.33 billion euros ($5.11 billion). The LSE said Friday that it began talks to sell Borsa Italiana Group because of expectations that...
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FILE - In this Tuesday July 17, 2007 filer, shoppers enter the Asda supermarket in Wallington, England. Retail giant Walmart has agreed to sell its British chain of supermarkets, Asda, to the investors behind an international group of gas stations and food shops in a deal that values the company at 6.8 billion pounds ($8.8 billion). Brothers Mohsin and Zuber Issa, along with investors TDR Capital will acquire a majority of Asda, while Walmart will retain a minority stake and a seat of the board, the parties said in a joint statement issued Friday. Details of the deal weren’t released. (AP Photo/Tom Hevezi, File)
October 02, 2020 - 8:20 am
LONDON (AP) — Retail giant Walmart has agreed to sell its British chain of supermarkets, Asda, to the investors behind an international group of gas stations and food shops in a deal that values the company at 6.8 billion pounds ($8.8 billion). Brothers Mohsin and Zuber Issa, along with investors...
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September 22, 2020 - 11:50 am
BERLIN (AP) — Ten cities around the world on Tuesday joined New York and London in committing to divest from fossil fuel companies as part of efforts to combat climate change. Berlin, Cape Town, Los Angeles, New Orleans, Oslo and others pledged to take “all possible steps to divest city assets from...
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