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Ownership changes

August 26, 2019 - 1:52 pm

Kraft Heinz brings back former CFO amid struggles

CHICAGO (AP) — Kraft Heinz Co. is bringing back its former chief financial officer amid accounting problems and falling sales. Paulo Basilio, 44, joined H.J. Heinz as CFO in 2013 and remained in the job after the company's 2015 merger with Kraft. He most recently served as Kraft Heinz's chief...
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August 20, 2019 - 5:17 pm

Justice Department sues to block merger of airline IT firms

WASHINGTON (AP) — The Justice Department is suing to block Sabre Corp. from buying Farelogix, a rival provider of technology services to airlines. In a civil lawsuit filed Tuesday, the government says Sabre pursued the $360 million deal to eliminate a competitor that has disrupted the market with...
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FILE - In this Aug. 8, 2017, file photo, The Walt Disney Co. logo appears on a screen above the floor of the New York Stock Exchange. Disney says its net income fell 39% in the latest quarter. Net income for the fiscal third quarter, which ended June 29, 2019, fell to $1.76 billion, from $2.92 billion last year. (AP Photo/Richard Drew, File)
August 06, 2019 - 7:59 pm

Disney results miss as Fox studio business underwhelm

NEW YORK (AP) — Disney is feeling some pain from its biggest transformation in decades as its acquisition of Fox's entertainment businesses contributed to a 39% drop in earnings. CEO Bob Iger said one of the biggest issues affecting earnings was underperformance at the Fox movie and TV studio...
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In this Monday, Aug. 5, 2019 photo a Taunton Daily Gazette sign is attached to the exterior of the newspaper's offices, in Taunton, Mass. The newspaper is published by GateHouse Media New England, a division of GateHouse Media Inc. On Monday, GateHouse Media, a chain backed by an investment firm, announced that it is buying USA Today owner Gannett Co. (AP Photo/Steven Senne)
August 05, 2019 - 5:22 pm

GateHouse, Gannett to merge for $1.4B, build newspaper giant

NEW YORK (AP) — Two of the largest U.S. newspaper companies have agreed to combine for roughly $1.4 billion, creating a new industry giant that hopes to manage the crisis of print's decline through sheer size. GateHouse Media, a fast-growing chain backed by an investment firm, is buying USA Today...
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Sung Yun-mo, South Korea's minister of Trade, Industry and Energy, speaks during a press conference at the government complex in Seoul, South Korea, Monday, Aug. 5, 2019. Sung said South Korea will spend 7.8 trillion won ($6.5 billion) over the next seven years to develop technologies for industrial materials and parts as it moves to reduce its dependence on Japan during an escalating trade row. The announcement came days after Japan's Cabinet approved the removal of South Korea from a list of countries with preferential trade status. (AP Photo/Ahn Young-joon)
August 04, 2019 - 9:27 pm

South Korea to boost R&D spending to reduce Japan reliance

SEOUL, South Korea (AP) — South Korea said Monday it plans to spend 7.8 trillion won ($6.5 billion) over the next seven years to develop technologies for industrial materials and parts as it moves to reduce its dependence on Japan during an escalating trade row. Trade Minister Sung Yun-mo said the...
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FILE - In this March 28, 2017, file photo, a dump truck hauls coal at Contura Energy's Eagle Butte Mine near Gillette, Wyo. Contura Energy has made a successful bid at auction of $33.75 million for the assets of the Eagle Butte and Belle Ayr mines in Wyoming and Pax Surface Mine in Scarbro, W. Va. They've been closed since Milton, West Virginia-based Blackjewel LLC filed for Chapter 11 bankruptcy protection July 1. (AP Photo/Mead Gruver, File)
August 04, 2019 - 6:06 pm

Blackjewel's coal assets sold at auction; hearing Monday

CHARLESTON, W.Va. (AP) — Contura Energy has made a successful bid at an auction for the assets of three Blackjewel LLC coal mines, including two of the top producers in the country. The results are subject to a federal bankruptcy judge's approval Monday in Charleston. The judge ordered the parties...
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FILE - This combination of April 30, 2018, file photos shows signage for a Sprint store in New York's Herald Square, top, and signage at a T-Mobile store in New York. Texas is joining more than a dozen states suing to stop T-Mobile’s $26.5 billion takeover of rival cellphone company Sprint, arguing that the deal is bad for consumers because it would reduce competition. (AP Photo/Bebeto Matthews, File)
August 01, 2019 - 6:34 pm

Texas joins states' lawsuit to block T-Mobile-Sprint deal

NEW YORK (AP) — Texas has joined more than a dozen states that are suing to stop T-Mobile's $26.5 billion takeover of rival cellphone company Sprint, arguing that the deal is bad for consumers because it would reduce competition. It's the first Republican attorney general of the group, which now...
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FILE - This combination of April 30, 2018, file photos shows signage for a Sprint store in New York's Herald Square, top, and signage at a T-Mobile store in New York. Texas is joining more than a dozen states suing to stop T-Mobile’s $26.5 billion takeover of rival cellphone company Sprint, arguing that the deal is bad for consumers because it would reduce competition. (AP Photo/Bebeto Matthews, File)
August 01, 2019 - 5:49 pm

Texas joins states' lawsuit to block T-Mobile-Sprint deal

NEW YORK (AP) — Texas has joined more than a dozen states that are suing to stop T-Mobile's $26.5 billion takeover of rival cellphone company Sprint, arguing that the deal is bad for consumers because it would reduce competition. It's the first Republican attorney general of the group, which now...
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FILE - This combination of April 30, 2018, file photos shows signage for a Sprint store in New York's Herald Square, top, and signage at a T-Mobile store in New York. Texas is joining more than a dozen states suing to stop T-Mobile’s $26.5 billion takeover of rival cellphone company Sprint, arguing that the deal is bad for consumers because it would reduce competition. (AP Photo/Bebeto Matthews, File)
August 01, 2019 - 5:41 pm

Texas joins states' lawsuit to block T-Mobile-Sprint deal

NEW YORK (AP) — Texas has joined more than a dozen states that are suing to stop T-Mobile's $26.5 billion takeover of rival cellphone company Sprint, arguing that the deal is bad for consumers because it would reduce competition. It's the first Republican attorney general of the group, which now...
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FILE - This Thursday, Sept. 22, 2011 file photo shows a sign outside the Stock Exchange in the City of London. The London Stock Exchange Group says it has agreed to acquire financial data and analytics company Refinitiv for $27 billion in stock and assumed debt in a deal that will help the exchange compete with the likes of Bloomberg as demand for real-time market information expands. (AP Photo/Matt Dunham, File)
August 01, 2019 - 8:03 am

London Stock Exchange acquires Refinitv in $27 billion deal

LONDON (AP) — The London Stock Exchange Group says it has agreed to acquire financial data and analytics company Refinitiv for $27 billion in stock and assumed debt in a deal that will help the exchange compete with the likes of Bloomberg as demand for real-time market information expands. LSE says...
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