Asset sales

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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FILE - In this Nov. 3, 2019, file photo, a man walks past a compound for Saudi Aramco in Jiddah, Saudi Arabia. Saudi Arabia's state-owned oil company Aramco on Thursday, Dec. 5, set a share price for its IPO, that puts the value of the company at $1.7 trillion, more than Apple or Microsoft. (AP Photo/Amr Nabil, File)
December 05, 2019 - 3:07 pm
DUBAI, United Arab Emirates (AP) — Saudi Arabia's state-owned oil company Aramco on Thursday set a share price for its IPO — expected to be the biggest ever — that puts the value of the company at $1.7 trillion, more than Apple or Microsoft. The company said it will sell its shares at 32 riyals ($8...
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FILE -In this Jan. 9, 2018, file photo, people walk by the Panasonic booth during CES International in Las Vegas. Japanese electronics manufacturer Panasonic Corp. is abandoning the semiconductor business with the sale of its last business in that sector to a Taiwanese company. Panasonic said Thursday it was transferring the semiconductor business operated by Panasonic Semiconductor Solutions Co. to Nuvoton Technology Corp. (AP Photo/John Locher)
November 28, 2019 - 3:07 am
TOKYO (AP) — Japanese electronics manufacturer Panasonic Corp. is abandoning the semiconductor business with the sale of its last business in that sector to a Taiwanese company. Panasonic said Thursday it was transferring the semiconductor business operated by Panasonic Semiconductor Solutions Co...
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In this picture taken Friday, Aug. 17, 2012, Italy's largest steel plant is seen in Taranto, Italy. Italian Premier Giuseppe Conte says steelmaker ArcelorMittal has agreed to try for a negotiated solution over the fate of a southern Italian steel plant. Conte and his economy and economic development ministers held four-hour talks ending Friday before midnight with ArcelorMittal’s top executives. Union leaders on Saturday insisted that any deal must exclude layoffs. (AP Photo/Paola Barisani)
November 23, 2019 - 8:43 am
ROME (AP) — Italy’s leader said that steelmaker ArcelorMittal has agreed to try for a negotiated solution over the fate of a southern plant that is one of Europe’s largest steel producers, while union leaders on Saturday clamored for authorities to protect the thousands of jobs at stake. Premier...
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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 - 3:53 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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October 16, 2019 - 3:44 am
AMSTERDAM (AP) — Signify, the Dutch company formerly known as Philips Lighting, says it is buying Cooper Lighting Solutions from Eaton Corp. for $1.4 billion (1.27 billion euros) in a move intended to strengthen its position in the North American market. Signify said late Tuesday that the deal is...
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FILE - In this April 11, 2018, file photo, Facebook CEO Mark Zuckerberg testifies before a House Energy and Commerce hearing on Capitol Hill in Washington about the use of Facebook data to target American voters in the 2016 election and data privacy. Zuckerberg will be in Washington Thursday, Sept. 19, 2019, to meet with lawmakers and talk about internet regulation. The company said the meetings are not public and it did not give details on whom Zuckerberg is meeting with and what, exactly, he'll discuss. (AP Photo/Andrew Harnik, File)
September 19, 2019 - 7:23 pm
WASHINGTON (AP) — As Facebook CEO Mark Zuckerberg met Thursday with President Donald Trump and other critics of the tech industry, the Senate's most vocal detractor offered a challenge: Sell your WhatsApp and Instagram properties to prove you're serious about protecting data privacy. It may have...
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FILE - In this Dec. 12, 2017 file photo, city attorney Dennis Herrera, center, speaks at a news conference next to acting mayor London Breed, left, at City Hall in San Francisco. San Francisco officials are offering to buy Pacific Gas & Electric's power lines and other infrastructure in the city for $2.5 billion. Mayor London Breed and City Attorney Dennis Herrera presented the offer in a letter sent to the utility Friday, Sept. 6, 2019. (AP Photo/Jeff Chiu, file)
September 09, 2019 - 8:48 pm
SAN FRANCISCO (AP) — PG&E Corp. proposed Monday to resolve its bankruptcy case by offering nearly $18 billion to settle claims from devastating wildfires started by its equipment in recent years — an amount immediately criticized by victims who said less than half of that is intended for them...
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AT&T
AP Photo/Mark Lennihan, File
Associated Press
September 09, 2019 - 8:37 am
NEW YORK (AP) — Activist hedge fund manager Elliott Management is making a new $3.2 billion investment in AT&T and calling for changes at the company such as selling its DirecTV and Mexican wireless operations. The move comes as AT&T readies a streaming service following its $81 billion...
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