Ownership changes

FILE - In this Aug. 16, 2019, file photo the logo for General Electric appears above a trading post on the floor of the New York Stock Exchange. GE is selling its lighting unit to smart home company Savant Systems for an undisclosed amount. GE Chairman and CEO H. Lawrence Culp, Jr. said in a statement Wednesday, May 27, 2020, that the transaction is part of GE's ongoing process to be a more focused industrial company. (AP Photo/Richard Drew, File)
May 27, 2020 - 8:58 am
BOSTON (AP) — GE is selling its lighting unit to smart home company Savant Systems for an undisclosed amount. General Electric Co. Chairman and CEO H. Lawrence Culp Jr. said in a statement Wednesday that the transaction is part of GE's ongoing process to be a more focused industrial company. The...
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May 26, 2020 - 9:35 pm
TORONTO (AP) — The Toronto Star and its Torstar Corp newspaper chain said Wednesday it has agreed to be sold for $52 million (US$38 million). The transaction will see the Toronto-based media company taken off the public stock market by NordStar, a firm run by businessmen Paul Rivett and Jordan...
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FILE - In this Monday, May 4, 2020 file photo, aircraft of German Lufthansa airline are parked on a runway at the airport in Frankfurt, Germany. German airline Lufthansa said Monday May 25, 2020, it has received approval for a 9 billion-euro ($9.8 billion) "stabilization package” from a government support fund to keep the company going through the turbulence from the coronavirus outbreak, but cautions the deal has not been approved by the European Union's executive commission. (AP Photo/Michael Probst, File)
May 25, 2020 - 1:18 pm
FRANKFURT, Germany (AP) — Germany on Monday approved a 9 billion-euro ($9.8 billion) aid package for stricken airline Lufthansa to keep a major employer going through the turbulence of the coronavirus pandemic. But officials said Berlin was still in talks with the European Union's executive...
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May 22, 2020 - 10:48 pm
CARACAS, Venezuela (AP) — A U.S. judge on Friday approved moving forward with the sale of Venezuela’s prized U.S.-based CITGO refineries, allowing a Canadian mining company to collect $1.4 billion it lost in a decade-old takeover in the South American nation by the late socialist President Hugo...
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FILE - In this April 5, 2020, file photo, Navy Rear Adm. John Polowczyk, supply chain task force lead at the Federal Emergency Management Agency, speaks during a coronavirus task force briefing at the White House in Washington. U.S. officials are invoking a rarely used provision of American law that would shield companies from antitrust regulations to help the country from again running out of medical supplies in a pandemic. Polowczyk, who was appointed to run a White House supply chain task force in response to the outbreak, told reporters last week that the government is expanding the emergency stockpile of critical supplies and medicines managed by the Department of Health and Human Services. (AP Photo/Patrick Semansky, File)
May 21, 2020 - 2:44 pm
WASHINGTON (AP) — U.S. officials are invoking a rarely used provision of American law that would shield companies from antitrust regulations to help the country from again running out of medical supplies in a pandemic. The government began formal discussions Thursday with private industry officials...
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Workers wearing protective outfits sanitize a shop in via Monte Napoleone fashion shopping street, in Milan, Italy, Monday, April 27, 2020. Italian factories, construction sites and wholesale supply businesses can resume activity as soon as they put safety measures into place aimed at containing contagion with COVID-19. This concession comes with partial easing of national lockdown restrictions announced Sunday night by Italian Premier Giuseppe Conte. (Claudio Furlan/LaPresse via AP)
May 07, 2020 - 9:13 am
SOAVE, Italy (AP) — The global luxury goods sector is heading for a stunning collapse of up to 35% this year due to coronavirus lockdowns, according to a new study by the Bain consultancy published Thursday. Bain Partner Claudia D’ Arpizio said it would take two to three years to return to 2019...
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May 06, 2020 - 6:23 pm
The federal government has fined Sinclair Broadcasting Corp. $48 million, largely because of actions the TV broadcaster took in its failed attempt to acquire smaller rival Tribune Media. Sinclair in 2017 proposed a $3.9 billion deal for Tribune’s TV stations, attempting to extend its reach into new...
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May 05, 2020 - 3:34 pm
LOS ANGELES (AP) — Sports Illustrated is branching out into movies and television. Authentic Brands Group and 101 Studios announced on Tuesday that they will launch Sports Illustrated Studios as part of a joint venture between the two companies. The studio's first project will be a docu-series...
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May 01, 2020 - 7:45 am
NEW YORK (AP) — Chevron turned a profit in the first quarter. But the company warned its financial picture is likely to be depressed in the future because of reduced demand caused by the coronavirus. The San Ramon, California-based oil producer brought in $3.6 billion in profits, up 36% from the...
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April 24, 2020 - 3:11 pm
PARIS (AP) — The French government announced a “historic” 7-billion-euro ($7.6-billion) aid package Friday to rescue Air France, whose planes have been largely grounded by virus lockdowns around the world. The Dutch government also was expected to announce an aid package for Air France’s Dutch...
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