Ownership changes

September 22, 2020 - 12:50 pm
BERLIN (AP) — Ten cities around the world on Tuesday joined New York and London in committing to divest from fossil fuel companies as part of efforts to combat climate change. Berlin, Cape Town, Los Angeles, New Orleans, Oslo and others pledged to take “all possible steps to divest city assets from...
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Tel Aviv City Hall is lit up with the words for peace in Hebrew, Arabic and English in honor of the recognition agreements Israel will be signing with the United Arab Emirates and Bahrain at the White House, in Tel Aviv, Israel, Tuesday, Sept. 15, 2020. (AP Photo/Oded Balilty)
September 16, 2020 - 6:11 am
DUBAI, United Arab Emirates (AP) — Dubai-based port operator DP World said Wednesday it would partner with an Israeli firm in a bid to take over the country's Haifa port, the largest shipping hub for the nation. DP World said in a statement it signed memorandums of understanding with DoverTower, a...
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September 15, 2020 - 5:14 pm
Kraft Heinz said Tuesday that it is selling its natural cheese business — including its Cracker Barrel and Breakstone’s brands — to French dairy company Lactalis Group as part of a larger restructuring. The $3.2 billion sale includes Kraft Heinz production facilities in Tulare, California; Walton,...
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FILE - This Feb. 25, 2020, file photo, shows the icon for TikTok in New York. TikTok's owner has chosen Oracle over Microsoft as its preferred suitor to buy the popular video-sharing app, according to a source familiar with the deal, Sunday, Sept. 13, 2020. (AP Photo/File)
September 14, 2020 - 12:52 pm
Oracle said Monday that the Chinese owner of TikTok has picked the U.S. company to be its “trusted technology provider," beating out rival Microsoft in a deal that could help keep the popular video-sharing app running in the U.S. Oracle spokeswoman Deborah Hellinger said she was confirming remarks...
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FILE - In this Tuesday, May 30, 2017 file photo, Nvidia CEO Jensen Huang delivers a speech about AI and gaming during the Computex Taipei exhibition at the world trade center in Taipei, Taiwan. Computer graphics chip company Nvidia said it plans to buy Britain's Arm Holdings for $40 billion, in a merger of two leading chipmakers. Santa Clara, California-based Nvidia and Arm's parent company, Japanese technology giant SoftBank, announced the deal Sunday, Sept. 13, 2020. (AP Photo/Chiang Ying-ying, File)
September 14, 2020 - 12:12 pm
LONDON (AP) — U.S. graphics chip maker Nvidia said it plans to buy U.K.-based Arm Holdings in a deal worth up to $40 billion, in a move that would create a global powerhouse in the industry. The deal, announced late Sunday by Nvidia and Arm’s parent company, Japanese technology giant SoftBank,...
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FILE - In this July 21, 2020 file photo, a man opens social media app 'TikTok' on his cell phone, in Islamabad, Pakistan. The owner of TikTok has chosen Oracle over Microsoft as the American tech partner that could help keep the popular video-sharing app running in the U.S., according to a source familiar with the deal who was not authorized to speak publicly about it. (AP Photo/Anjum Naveed, File)
September 14, 2020 - 6:12 am
HONG KONG (AP) — TikTok’s parent company ByteDance has chosen Oracle over Microsoft as a new American technology partner to help keep the popular video-sharing app operating in the U.S., according to a person familiar with the deal. Microsoft, which had been vying for a deal, said in a statement...
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FILE - This Feb. 25, 2020, file photo, shows the icon for TikTok in New York. TikTok's owner has chosen Oracle over Microsoft as its preferred suitor to buy the popular video-sharing app, according to a source familiar with the deal, Sunday, Sept. 13, 2020. (AP Photo/File)
September 13, 2020 - 9:47 pm
The owner of TikTok has chosen Oracle over Microsoft as its preferred suitor to buy the popular video-sharing app, according to a source familiar with the deal who was not authorized to speak publicly about it. Microsoft announced Sunday that its bid for TikTok was rejected, removing the tech giant...
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FILE - In this Nov.25, 2019 file photo, the logo of Tiffany jeweler shop is pictured on the Champs Elysees avenue in Paris. LVMH is ending its monthslong pursuit of luxury jewelry retailer Tiffany & Co., citing in part the impact of proposed tariffs on French goods. The Paris-based conglomerate said that it needs more time to assess the impact of U.S. tariffs on French goods and cannot close the deal before year-end. (AP Photo/Michel Euler, File)
September 09, 2020 - 10:42 am
NEW YORK (AP) — Luxury goods giant LVMH is ending its takeover deal of jewelry retailer Tiffany & Co., saying the French government had requested a delay to assess the threat of proposed U.S. tariffs and amid wider industry troubles caused by the pandemic. The Paris-based conglomerate said that...
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FILE - In this June 8, 2020 file photo, Samsung Electronics Vice Chairman Lee Jae-yong arrives at the Seoul Central District Court in Seoul, South Korea. Prosecutors on Tuesday indicted Samsung heir Lee on charges of stock-price manipulation and other financial crimes, setting up what could become a yearslong legal battle to determine whether the 52-year-old billionaire illegally cemented his control over the business giant. (AP Photo/Ahn Young-joon, File)
September 01, 2020 - 7:06 am
SEOUL, South Korea (AP) — South Korean prosecutors on Tuesday indicted Samsung heir Lee Jae-yong on charges of stock price manipulation and other financial crimes, setting up what could be a protracted legal battle to determine whether the 52-year-old billionaire illegally cemented his control over...
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FILE - This Feb. 25, 2020, file photo, shows the icon for TikTok in New York. The video app said it will wage a legal fight against the Trump Administration’s efforts to ban the popular, Chinese-owned service over national-security concerns. TikTok, which is owned by China’s ByteDance, insisted that it not is a national-security threat and that the government is acting without evidence or due process. The company said it will file suit against the government later Monday, Aug. 24 in federal court in California. (AP Photo/File)
August 24, 2020 - 3:37 pm
NEW YORK (AP) — Video app TikTok is suing the Trump Administration over its efforts to ban the popular Chinese-owned service over national-security concerns. TikTok, which is owned by China's ByteDance, insisted Monday that it is not a national-security threat and that the government is acting to “...
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