Spin-offs

January 16, 2020 - 4:25 pm
NEW YORK (AP) — Gap Inc. says it no longer intends to spin off Old Navy as a separate public company. The retailer said Thursday that its board scuttled the move after determining it would be too costly and complex, especially given the company's recent struggles. Its stock was up about 7% in after...
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Residents of the Boardwalk RV Park discuss the path of a possible waterspout or tornado, generated by Hurricane Dorian, struck the area, Thursday, Sept. 5, 2019, in Emerald Isle, N.C. (Julia Wall/The News & Observer via AP)
KNSS News
September 05, 2019 - 2:15 pm
CHARLESTON, S.C. (AP) — Hurricane Dorian raked the Carolina coast with howling, window-rattling winds and sideways rain Thursday, spinning off tornadoes and knocking out power to more than 200,000 homes and businesses as it pushed northward toward the dangerously exposed Outer Banks. Leaving at...
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FILE- This Oct. 3, 2018, file photo shows a Tesla emblem at the Auto show in Paris. Tesla CEO Elon Musk appears poised to transform the company’s electric cars into driverless vehicles in a risky bid to realize a bold vision that he has been floating for years. The technology required to make that quantum leap is scheduled to be shown off to Tesla investors Monday, April 22, 2019, at the company’s Palo Alto, Calif., headquarters. (AP Photo/Christophe Ena, File)
April 22, 2019 - 6:56 pm
SAN FRANCISCO (AP) — Tesla CEO Elon Musk expects to start converting the company's electric cars into fully self-driving vehicles next year as part of an audacious plan to create a network of robotic taxis to compete against Uber and other ride-hailing services. The vision sketched out Monday...
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FILE - This Tuesday, July 16, 2013, file photo shows signage at eBay headquarters in San Jose, Calif. EBay is initiating review concerning the future of its StubHub and its classified ads business. The e-commerce company said Friday, March 1, 2019 that there’s no guarantee that the review will result in a sale, spin-off or other business combination involving its assets. (AP Photo/Ben Margot, File)
March 01, 2019 - 9:38 am
NEW YORK (AP) — EBay said Friday that it is considering the sale or spin-off its ticket-reselling site StubHub and its classified ads business after a push from an activist investor. Back in January, Elliott Management said in a letter to the company in that it believed the e-commerce company would...
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FILE - In this Jan. 8, 2017, file photo a Chrysler Pacifica hybrid outfitted with Waymo's suite of sensors and radar is displayed at the North American International Auto Show in Detroit. Google's self-driving car spinoff Waymo said Tuesday it will bring a factory to Michigan, creating up to 400 jobs at what it describes as the world's first plant "100 percent" dedicated to the mass production of autonomous vehicles. (AP Photo/Paul Sancya, File)
January 22, 2019 - 4:41 pm
LANSING, Mich. (AP) — Google's self-driving car spinoff Waymo said Tuesday it will bring a factory to Michigan, creating up to 400 jobs at what it describes as the world's first plant "100 percent" dedicated to the mass production of autonomous vehicles. The company plans to spend about $13.6...
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In this Nov. 20, 2018, photo provided by General Motors/Cruise, from left, Cruise Automation's Dan Kan and Kyle Vogt pose for a photo with General Motors' Dan Ammann at Cruise Automation offices in San Francisco, Calif. General Motors’ No. 2 executive is moving from Motor City to Silicon Valley to run the automaker’s self-driving car operations as it attempts to cash in on its bet that robotic vehicles will transform transportation. In a transition announced Thursday, Nov. 29, GM President Ammann will become CEO of the company’s Cruise Automation subsidiary at the beginning of next year. He will replace Cruise co-founder Vogt, who will become chief technology officer. (Noah Berger/General Motors, Cruise via AP)
November 29, 2018 - 2:11 pm
SAN FRANCISCO (AP) — General Motors' No. 2 executive is moving from Motor City to Silicon Valley to run the automaker's self-driving car operations as it attempts to cash in on its bet that robotic vehicles will transform transportation. GM President Dan Ammann will become CEO of the company's...
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