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Stories with subject: Ownership changes
  • US: Forfeiture deal over Iran assets sets record 
    Updated: Apr-17-14 11:40 pm
  • NEW YORK - A federal judge has approved plans to sell a 36-story Manhattan office building and other properties owned by Iran nationwide in what will be the largest terrorism-related forfeiture ever, a prosecutor said Thursday.

  • AP MEMBER EXCHANGE: Vegas construction shakeup 
    Updated: Apr-17-14 7:46 pm
  • LAS VEGAS - This is what an industry shake-up looks like.

  • Newspaper company buys 2 Tucson publications 
    Updated: Apr-17-14 7:28 pm
  • TUCSON, Arizona - The owner of the East Valley Tribune is buying two Tucson publications from Wick Communications in a deal that expands the company's publishing footprint in southern Arizona.

  • Teche shareholders to vote on IberiaBank merger 
    Updated: Apr-17-14 9:49 am
  • NEW IBERIA, Louisiana - Teche Holding Co. shareholders will decide whether to approve IberiaBank Corp.'s acquisition of the smaller company during a special shareholders meeting on May 28 in New Iberia.

  • La-Z-Boy cutting 100 jobs in North Carolina 
    Updated: Apr-16-14 7:18 pm
  • MONROE, Michigan - La-Z-Boy Inc. is closing two facilities and eliminating 100 jobs in North Carolina as part of a larger restructuring of its business.

  • Mentors help minority companies accelerate growth 
    Updated: Apr-16-14 11:14 am
  • NEW YORK - Mel Gravely says his construction company might not exist today if he didn't have mentors to guide it.

  • Prairie Sun Foods buys corn oil plant in Merrill 
    Updated: Apr-15-14 6:37 pm
  • MERRILL, Iowa - A company has purchased a former corn oil plant in northwest Iowa with the intention of starting it up again.

  • Finmeccanica shares down on CEO change 
    Updated: Apr-15-14 11:20 am
  • MILAN - Investors signaled concern Tuesday at a change of leadership at the scandal-plagued Finmeccanica defense contractor as part of sweeping management changes announced by Italian Premier Matteo Renzi at four strategic state-backed firms.

  • Aspen Insurance rejects Endurance's $3.2B buyout 
    Updated: Apr-14-14 3:29 pm
  • Aspen Insurance Holdings Ltd. said Monday that its board has rejected a proposal from fellow insurance company Endurance Specialty Holdings Ltd. to buy it for about $3.2 billion.

  • Chinese pork giant plans IPO to raise up to $5.3B 
    Updated: Apr-14-14 12:59 pm
  • HONG KONG - China's WH Group, which became the world's biggest pork company after buying Smithfield Foods of the U.S. last year, said Monday it plans to raise up to $5.3 billion in an initial public offering on the Hong Kong Stock Exchange.

  • Altria sells idled NC cigarette plant for $68.5M 
    Updated: Apr-14-14 10:53 am
  • RICHMOND, Virginia - The owner of the nation's biggest tobacco company, Philip Morris USA, has sold a North Carolina cigarette plant it idled in 2009.

  • TIAA-CREF buying Nuveen for $6.25B 
    Updated: Apr-14-14 8:36 am
  • NEW YORK - Financial services provider TIAA-CREF says it's buying investment manager Nuveen Investments in a deal valued at $6.25 billion including debt.

  • GlencoreXstrata selling Peruvian mine for $5.85B 
    Updated: Apr-14-14 2:38 am
  • BEIJING - A group of Chinese state-owned companies is buying a Peruvian copper mine from Glencore Xstrata Plc for $5.85 billion, adding to a wave of Chinese resource acquisitions abroad.

  • Analysis: Questions on La. hospital deals linger 
    Updated: Apr-13-14 7:50 pm
  • BATON ROUGE, Louisiana - A year after Gov. Bobby Jindal started turning over the operations of Louisiana's university-run hospital system to outside companies, lawmakers are complaining that they have unanswered questions about the deals.

  • GlencoreXstrata selling Peruvian mine for $5.85B 
    Updated: Apr-13-14 3:37 pm
  • NEW YORK - Glencore Xstrata Plc has agreed to sell its copper mine project in Peru for $5.85 billion in cash.

  • Money could be delayed during review of LSU deals 
    Updated: Apr-10-14 9:26 pm
  • BATON ROUGE, Louisiana - Federal officials have warned Gov. Bobby Jindal's administration that they will withhold $307 million in Medicaid money from the state if no agreement is soon reached on whether the state's financing plans for the privatized LSU hospitals meet federal guidelines.

  • EBay, Icahn settle proxy fight 
    Updated: Apr-10-14 1:19 pm
  • SAN JOSE, California - Ebay and billionaire activist investor Carl Icahn have settled their proxy fight ahead of the company's annual meeting.

  • Sallie Mae board approves Navient spinoff 
    Updated: Apr-10-14 10:26 am
  • NEWARK, Delaware - Sallie Mae's board has unanimously approved the spinoff of its loan management, servicing and asset recovery company from its consumer banking business.

  • RBS pays to end dividend agreement with UK gov't 
    Updated: Apr-09-14 6:26 pm
  • The Royal Bank of Scotland said Wednesday that it will pay 1.5 billion pounds ($2.52 billion) to end an agreement with the British government, in a move that will help clear the way for the bank to be privatized.

  • P&G selling pet food brands to Mars for $2.9B 
    Updated: Apr-09-14 11:55 am
  • MCLEAN, Virginia - Procter & Gamble is crying uncle on the edible business so it can focus on its core brands like Tide detergent and Pampers diapers.

  • Alaska's largest daily newspaper sold for $34M 
    Updated: Apr-08-14 6:25 pm
  • ANCHORAGE, Alaska - An online competitor announced plans Tuesday to buy Alaska's largest daily newspaper.

  • Comcast argues benefits of Time Warner Cable deal 
    Updated: Apr-08-14 3:10 pm
  • WASHINGTON - Comcast Corp. on Tuesday presented its case to government regulators arguing that its $45 billion takeover of Time Warner Cable Inc. will benefit consumers without limiting competition.

  • Nokia gets Chinese approval for Microsoft deal 
    Updated: Apr-08-14 1:40 pm
  • HELSINKI - Nokia has received regulatory approval from Chinese authorities to sell its mobile phone unit to Microsoft Corp., removing one of the last major hurdles to the 5.4 billion-euro ($7.3 billion) deal.

  • Quad/Graphics acquires top rival 
    Updated: Apr-08-14 11:42 am
  • SUSSEX, Wisconsin - Printing giant Quad/Graphics is acquiring one of its biggest competitors.

  • Imax sells 20 percent stake in China unit for $80M 
    Updated: Apr-08-14 7:11 am
  • NEW YORK - The theater operator Imax said Tuesday that the Chinese investment fund CMC Capital Partners and Chinese private equity firm FountainVest Partners are buying a 20 percent stake in its operations in China for $80 million.