Asset sales

November 08, 2019 - 7:26 pm
NEW YORK (AP) — WeWork says it will divest from several side business and job cuts across several units as part of a 90-day plan to turn around its businesses following its botched attempt to sell stock on Wall Street. The office-sharing company revealed the plans Friday in a presentation that was...
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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)
November 07, 2019 - 4:53 pm
TOLEDO, Ohio (AP) — General Motors is selling a massive assembly plant it shut down earlier this year in Ohio, a closing that drew threats and scolding from President Donald Trump, to a newly formed company that said Thursday it intends to begin making electric trucks by late 2020. The company...
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November 07, 2019 - 4:07 pm
TOLEDO, Ohio (AP) — General Motors is selling a massive assembly plant it shut down earlier this year in Ohio, a closing that drew threats and scolding from President Donald Trump, to a newly formed company that said Thursday it intends to begin making electric trucks by late 2020. The company...
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November 07, 2019 - 4:05 pm
TOLEDO, Ohio (AP) — A newly formed company led by the founder of an upstart electric truck maker is buying a former General Motors assembly plant in Ohio that shut down last March amid criticism from President Donald Trump. The company called Lordstown Motors Corp. said Thursday it plans to make...
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FILE - This undated photo provided by the Maricopa County Sheriff's Office shows Stephen Gore, the owner of a now-closed Phoenix body donation facility who in 2015 pleaded guilty to a felony charge for his role in mishandling donations of human remains. Lawyers are scheduled to make opening statements Monday, Oct. 28, 2019, at a civil trial against Gore's company for allegedly mishandling donated bodies. (Maricopa County Sheriff's Office via AP, File)
October 28, 2019 - 7:46 pm
PHOENIX (AP) — A retired FBI agent described a horrific raid of now-closed body donation facility Monday, recalling a table stacked with severed human legs, heads stuffed in a cooler, and torsos without heads and limbs. Mark Cwynar testified on the opening day of a civil trial that one torso had...
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FILE - This undated photo provided by the Maricopa County Sheriff's Office shows Stephen Gore, the owner of a now-closed Phoenix body donation facility who in 2015 pleaded guilty to a felony charge for his role in mishandling donations of human remains. Lawyers are scheduled to make opening statements Monday, Oct. 28, 2019, at a civil trial against Gore's company for allegedly mishandling donated bodies. (Maricopa County Sheriff's Office via AP, File)
October 28, 2019 - 6:55 pm
PHOENIX (AP) — A retired FBI agent described a horrific raid of now-closed body donation facility Monday, recalling a table stacked with severed human legs, heads stuffed in a cooler, and torsos without heads and limbs. Mark Cwynar testified on the opening day of a civil trial that one torso had...
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October 28, 2019 - 9:57 am
NEW YORK (AP) — AT&T will review its portfolio for assets it can sell off, pay down debt related to its Time Warner acquisition and add two board members as part of a plan to boost results. The moves come after criticism from hedge fund manager Elliott Management. In September the activist...
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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)
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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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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This Sept. 20, 2019, photo, shows General Motors workers Matt Himes and Tammy Hudak in Spring Hill, Tenn. Both Himes and Hudak grew up in the shadow of the 6-million-square-foot GM plant in Lordstown, Ohio, and went to work there. Now they are among those who uprooted to work at GM's facility in Spring Hill, Tenn. (AP Photo/Mark Humphrey)
September 27, 2019 - 12:35 pm
TOLEDO, Ohio (AP) — In the months since General Motors signaled the closing of its huge car plant in Lordstown, Ohio, Tammy Hurst put off setting a wedding date and watched her fiance, two sisters, a brother and a nephew leave their hometowns for new jobs. All five transferred to GM plants in...
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