Ownership changes

September 10, 2019 - 3:53 pm
SAN JUAN, Puerto Rico (AP) — Federal authorities said Tuesday they have arrested two former officials of the Federal Emergency Management Authority and the former president of a major disaster relief contractor, accusing them of bribery and fraud in the efforts to restore electricity to Puerto Rico...
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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 - 4:19 pm
SAN FRANCISCO (AP) — With Pacific Gas & Electric in bankruptcy as it faces billions of dollars in claims over wildfires started by its equipment, San Francisco is offering to buy pieces of the utility's assets for $2.5 billion so the city can run parts of the power system on its own. Mayor...
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FILE - In this Oct. 4, 2018, file photo signs advertising the closing of a Lord & Taylor store are displayed in New York, Thursday. Lord & Taylor, one of the nation’s oldest department stores, is being sold for $100 million. The retailer’s owner, Hudson's Bay Co., says it reached a deal with online rental clothing company Le Tote Inc. (AP Photo/Seth Wenig, File)
August 28, 2019 - 10:44 am
NEW YORK (AP) — Lord & Taylor, one of the nation's oldest department stores, is being sold for $100 million to a rental clothing company. Le Tote Inc. is buying the company from Hudson's Bay Co., which gets a minority stake in Le Tote and will control two seats on its board. Lord & Taylor,...
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FILE - This Aug. 1, 2017, file photo shows the oil producer BP company logo at a petrol station in London. BP, a major player on Alaska’s North Slope for decades, is selling all of its Alaska assets, the company announced Tuesday, Aug. 27, 2019. Hilcorp Alaska is purchasing BP interests in both the Prudhoe Bay oil field and the trans-Alaska pipeline for $5.6 billion, BP announced in a release.(AP Photo/Caroline Spiezio, File)
August 27, 2019 - 6:58 pm
JUNEAU, Alaska (AP) — After decades of helping shape oil production in Alaska, BP announced Tuesday it is selling its assets in the state as it works to divest $10 billion worldwide. The sale to Hilcorp Alaska, an affiliate of Texas-based Hilcorp Energy Co., would be worth $5.6 billion, and include...
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FILE- This June 14, 2018, file photo shows cartons of Marlboro cigarettes on the shelves at JR outlet in Burlington, N.C. Altria confirmed Tuesday, Aug. 27, 2019, that it is in talks to merge with Philip Morris International more than a decade after splitting itself into two companies. Altria has exclusively sold Marlboro and other cigarette brands in the U.S., while Philip Morris has handled international sales. (AP Photo/Gerry Broome, File)
August 27, 2019 - 12:18 pm
NEW YORK (AP) — Altria confirmed Tuesday that it is in talks to merge with Philip Morris International more than a decade after splitting itself into two companies. Altria has exclusively sold Marlboro and other cigarette brands in the U.S., while Philip Morris has handled international sales. Both...
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FILE- This Feb. 21, 2018, file photo shows a display of Heinz Ketchup on display in a market in Pittsburgh. Kraft Heinz Co. is bringing back its former chief financial officer amid accounting problems and falling sales. Paulo Basilio, 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 business development officer. (AP Photo/Gene J. Puskar, File)
August 26, 2019 - 2:52 pm
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
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
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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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
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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Texas Rangers pitcher Chris Martin celebrates the 5-2 win as the final out is made against the Oakland Athletics in the ninth inning of a baseball game Friday, July 26, 2019, in Oakland, Calif. (AP Photo/Ben Margot)
July 30, 2019 - 9:34 pm
ARLINGTON, Texas (AP) — The NL East-leading Atlanta Braves have acquired reliever Chris Martin from the Texas Rangers for minor league pitcher Kolby Allard. Texas announced the deal during its game Tuesday night, just moments after Martin was seen high-fiving teammates in the bullpen before leaving...
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