Ownership changes

June 17, 2019 - 9:02 pm
RALEIGH, N.C. (AP) — The General Assembly is closing in on final approval of legislation giving North Carolina's public universities the option to sell beer and wine at campus athletic events. The Senate voted 33-12 on Monday for its version of a House bill allowing trustee boards at University of...
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FILE - This Feb. 14, 2018, file photo shows a copy of Sports Illustrated held by Danielle Herrington attending its Swimsuit Issue launch party at Magic Hour at Moxy NYC Times Square in New York. The company that recently bought Sports Illustrated has found someone to run it: a small media company called Maven. Authentic Brands Group bought Sports Illustrated from publishing giant Meredith in May 2019. At the time, the companies said Meredith would run the magazine and the SI.com website for at least two years under a licensing deal. (Photo by Evan Agostini/Invision/AP, File)
June 17, 2019 - 7:05 pm
NEW YORK (AP) — The company that recently bought Sports Illustrated has found someone to run it: a small media company called Maven. Authentic Brands Group bought Sports Illustrated from publishing giant Meredith last month. At the time, the companies said Meredith would run the magazine and the SI...
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June 14, 2019 - 2:20 pm
SAN ANTONIO (AP) — An investment firm has purchased a majority stake in Whataburger as the Texas-based fast-food company seeks to expand in an increasingly competitive market. Whataburger announced Friday that the purchase by Chicago-based BDT Capital Partners should be finalized by the end of the...
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June 11, 2019 - 8:50 pm
BISMARCK, N.D. (AP) — Two companies are proposing a $1.6 billion pipeline to move North Dakota crude oil, making it the biggest such project to move oil out of the state since the Dakota Access pipeline that sparked violent clashes between protesters and law enforcement in 2016 and 2017. Houston-...
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June 10, 2019 - 5:36 pm
SAN FRANCISCO (AP) — Private equity firm Apollo Global Management is buying online photo publishing company Shutterfly for $51 per share. Apollo will pay $1.74 billion for the 20-year-old company, which became popular offering its users prints and photobooks of their favorite shots. But demand for...
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FILE - In this Nov. 1, 2018, file photo U.S. Air Force F-35 A-fighter jets from 31st Test Evaluation Squadron at Edwards AFB fly over Levi's Stadium before an NFL football game between the San Francisco 49ers and the Oakland Raiders in Santa Clara, Calif. Raytheon Co. and United Technologies Corp. are merging in a deal that creates one of the world's largest defense companies. The merger was announced Sunday, June 9, 2019. United Technologies makes engines for Lockheed Marti Corp.'s F-35 stealth fighter. (AP Photo/Ben Margot, File)
June 10, 2019 - 10:27 am
WALTHAM, Mass. (AP) — Raytheon and United Technologies will join to create a massive aerospace and defense company in a sector that is already rapidly consolidating. The combined company, which will count among its portfolio of weaponry the F-35 fighter jet, Patriot and Tomahawk missile systems in...
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FILE - This Aug. 31, 2017 file photo, shows a Barnes and Noble Booksellers store in Pittsburgh. The beleaguered bookseller is being sold to Elliott Management Corp. in a $476 million deal. Elliott will pay $6.50 per share. That’s an approximately 9% percent premium to the company’s Thursday closing price of $5.96. The transaction is valued at about $683 million, including debt. (AP Photo/Gene J. Puskar, File)
June 07, 2019 - 2:09 pm
Barnes & Noble is being acquired by a hedge fund for $476 million and will be taken private. The national chain that many blamed for the demise of independent bookstores has been ravaged by Amazon.com and other online sellers, but remains a critical outlet for publishers. On Friday, it was...
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FILE - In this Nov. 19, 2018, file photo, Nissan Motor Co. President and Chief Executive Officer Hiroto Saikawa speaks during a press conference at Nissan Motor Co. Global Headquarter in Yokohama, near Tokyo. Nissan wasn’t consulted on the proposed merger between its alliance partner Renault and Fiat Chrysler, but the Japanese automaker’s reluctance to go along may have helped bring about the surprise collapse of the talks. Saikawa told reporters late Thursday, June 6, 2019 he wanted time to learn what the Fiat Chrylser-Renault merger might mean for Nissan. (AP Photo/Shuji Kajiyama, File)
June 07, 2019 - 2:50 am
TOKYO (AP) — Nissan wasn't consulted on the proposed merger between its alliance partner Renault and Fiat Chrysler, but the Japanese automaker's reluctance to go along may have helped bring about the surprise collapse of the talks. Analysts say Nissan has as its crown jewel the technology of...
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FILE - In this March 12, 2019, photo, Renault Chairman Jean-Dominique Senard, left, and Nissan CEO Hiroto Saikawa speak at the start of a joint press conference following a board meeting at the Nissan headquarters in Yokohama, near Tokyo. Japanese automaker Nissan wasn’t consulted about a proposed merger between its French alliance partner Renault and Fiat Chrysler and has little say over the issue. Partnering with a colossal Renault-Fiat Chrysler could help Nissan slash costs on shared components and research. (AP Photo/Eugene Hoshiko, File)
June 06, 2019 - 11:57 am
MILAN (AP) — Fiat Chrysler's surprise decision to withdraw a merger offer with French carmaker Renault stunned the industry, collapsing Thursday on fundamental differences over when Renault's long-time alliance partner, Nissan, would be brought in. The merger plan, which had sought to create the...
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FILE - In this Feb. 14, 2019, file photo, this is the Fiat logo is mounted on a 2019 500 L on display at the 2019 Pittsburgh International Auto Show in Pittsburgh. French carmaker Renault looks set to give its approval to Fiat Chrysler's merger offer. The company's board is meeting Tuesday June 4, 2019 afternoon at its headquarters outside Paris to decide on a deal that could reshape the global auto industry. (AP Photo/Gene J. Puskar, File)
June 05, 2019 - 7:29 pm
PARIS (AP) — The Latest on the potential merger of carmakers Renault and Fiat Chrysler (all times local): 1:20 a.m. Fiat Chrysler says political conditions in France caused it to withdraw its offer to merge with French automaker Renault. The company says its board made the decision at a meeting...
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