Ownership changes

January 02, 2020 - 3:31 pm
RICHMOND, Va. (AP) — A hotel operator has purchased The Times-Dispatch building in Virginia’s capital city, but the Richmond newspaper will remain in the downtown building under a long-term lease, the companies announced Thursday. The Times-Dispatch reports that its newsroom, advertising and...
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FILE - In this Oct. 31, 2019 file photo, a Fiat logo is pictured on a car in Bayonne, southwestern France. Fiat Chrysler Automobiles and PSA Peugeot announced Wednesday, Dec. 18, 2019, that their boards signed a binding deal to merge the two automakers, creating the world’s fourth-largest auto company. (AP Photo/Bob Edme, File)
KNSS News
December 18, 2019 - 9:02 am
MILAN (AP) — The boards of Fiat Chrysler Automobiles and PSA Peugeot on Wednesday signed a binding merger deal creating the world’s fourth-largest automaker with the scale to confront the challenges of stricter emissions regulations and the transition to new driving technologies. The companies said...
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FILE - In this Sept. 24, 2019, file photo a sign is shown on a Google building at their campus in Mountain View, Calif. Google plans offer checking accounts run by Citigroup and a credit union, according to a report by The Wall Street Journal. (AP Photo/Jeff Chiu, File)
December 17, 2019 - 5:28 am
LONDON (AP) — Britain's competition watchdog said Tuesday it launched a formal inquiry into Google's takeover of cloud data analytics company Looker Data Sciences, as it intensifies scrutiny of technology deals. The Competition and Markets Authority said it had notified the two companies on Monday...
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FILE - In this Feb. 28, 2009, file photo, a State Grid Corp. sign is seen above its training center in Beijing. The Chinese state-owned utility said Tuesday, Dec. 17, 2019, it has bought 49% of the power distribution grid in the Gulf nation of Oman. State Grid Corp. described the purchase as part of China's multibillion-dollar Belt and Road initiative to build trade-related infrastructure across Asia to Europe. (AP Photo/Greg Baker, File)
December 17, 2019 - 4:17 am
BEIJING (AP) — A Chinese state-owned utility says it has bought 49% of the power distribution grid in the Gulf nation of Oman. State Grid Corp. described the purchase as part of China's multibillion-dollar Belt and Road initiative to build trade-related infrastructure across Asia to Europe. State...
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December 16, 2019 - 4:55 am
LONDON (AP) — British-based Cineworld says it will buy Canada's Cineplex for about $1.7 billion to create North America's largest chain of movie theaters and better compete with AMC Entertainment. The management of both companies have approved the deal, which is banking on the continued appeal of...
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The Alitalia check-in area is empty at Rome's Leonardo Da Vinci international airport, in Fiumicino, near Rome, Friday, Dec. 13, 2019. As its workers went on nationwide air sector strike on Friday, grounding hundreds of flights, the fate of Italy’s national carrier Alitalia still hangs in the balance. (Telenews/ANSA via AP)
December 13, 2019 - 10:24 am
ROME (AP) — Hundreds of international and domestic flights in Italy were cancelled Friday as air transport workers held a nationwide strike to protest feared firings and salary cuts at troubled national carrier Alitalia. Attempts to find a buyer for the airline, run by state-appointed...
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Saudi Arabia's state-owned oil company Saudi Armco and stock market officials celebrate during the official ceremony marking the debut of Aramco's initial public offering (IPO) on the Riyadh's stock market in Riyadh, Saudi Arabia, Wednesday, Dec. 11, 2019. (AP Photo/Amr Nabil)
December 11, 2019 - 4:01 pm
RIYADH, Saudi Arabia (AP) — Saudi Arabian oil company Aramco surpassed Apple as the world's most valuable public company Wednesday when its shares made their debut on the Saudi stock exchange, part of an ambitious shift away from the very fossil fuels the country's economy depends on. The shares'...
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December 10, 2019 - 5:50 pm
SAN RAMON, Calif. (AP) — Chevron Corp. said Tuesday it will book a charge of at least $10 billion because lower long-term prices for oil and natural gas will reduce the value of its assets. More than half the write-down is related to gas drilling operations in Appalachia. The huge fourth-quarter...
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December 10, 2019 - 5:46 am
LONDON (AP) — Food delivery company Just Eat rejected a sweetened takeover bid from investment firm Prosus on Tuesday, saying that the 5 billion pound ($6.6 billion) offer still “significantly undervalues” the company. Prosus N.V., which is owned by the wealthy South African investment group...
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FILE- In this Nov. 27, 2018, file photo a banner depicting the Chevrolet Cruze model vehicle is displayed at the General Motors' Lordstown plant in Lordstown, Ohio. General Motors is selling the Ohio assembly plant it closed in March to a new company that plans to begin making electric trucks in late 2020. The company called Lordstown Motors Corp. said Thursday, Nov. 7, 2019, that it initially intends to hire 400 production workers but still needs more money from investors. (AP Photo/John Minchillo, File)
December 09, 2019 - 2:23 pm
TOLEDO, Ohio (AP) — General Motors has agreed to loan $40 million to a newly formed company that wants to make electric pickup trucks at a massive Ohio assembly plant GM shut down earlier this year. The agreement between the two companies also would allow GM to buy back the plant up until next May...
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