Ownership changes

September 06, 2019 - 2:46 am
COPENHAGEN, Denmark (AP) — Telecom companies Telenor of Norway and Malaysia's Axiata Group Berhad have ended talks about merging operations in Asia, a deal that would have created the region's biggest telecommunications operator with 300 million customers in nine countries. Telenor ASA said Friday...
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The BP Energy Center, a building where nonprofits and groups can meet, is shown in Anchorage, Alaska, Wednesday, Aug. 28, 2019. BP announced plans Aug. 27, 2019, to sell its Alaska assets to Hilcorp, and its plan to pull out of Alaska could leave a big hole for nonprofits and other programs that benefited from the oil giant's donations and its employee volunteers. (AP Photo/Mark Thiessen)
August 28, 2019 - 5:46 pm
JUNEAU, Alaska (AP) — BP's plan to pull out of Alaska could leave a big hole for nonprofits and other programs that benefited from the oil giant's donations and its employee volunteers. BP on Tuesday announced it would sell its Alaska assets to Hilcorp in a deal expected to close next year. BP,...
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August 27, 2019 - 10:55 am
JUNEAU, Alaska (AP) — BP is selling all its operations in Alaska, including its interests in both the Prudhoe Bay oil field and the trans-Alaska pipeline. Company officials announced in a release Tuesday that it is selling to Hilcorp Alaska for $5.6 billion. BP has been a major force in Alaska on...
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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 - 10:47 am
NEW YORK (AP) — The Marlboro men are discussing a reunion as the number of smokers continues to decline worldwide. 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...
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August 26, 2019 - 10:52 am
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 - 2:17 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 - 4:59 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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August 05, 2019 - 12:18 pm
NEW YORK (AP) — Two of the country's largest newspaper companies have agreed to combine in the latest media deal driven by the industry's struggles with a decline of printed editions. GateHouse Media, a chain backed by an investment firm, is buying USA Today owner Gannett Co. for $12.06 a share in...
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Sung Yun-mo, South Korea's minister of Trade, Industry and Energy, speaks during a press conference at the government complex in Seoul, South Korea, Monday, Aug. 5, 2019. Sung said South Korea will spend 7.8 trillion won ($6.5 billion) over the next seven years to develop technologies for industrial materials and parts as it moves to reduce its dependence on Japan during an escalating trade row. The announcement came days after Japan's Cabinet approved the removal of South Korea from a list of countries with preferential trade status. (AP Photo/Ahn Young-joon)
August 04, 2019 - 6:27 pm
SEOUL, South Korea (AP) — South Korea said Monday it plans to spend 7.8 trillion won ($6.5 billion) over the next seven years to develop technologies for industrial materials and parts as it moves to reduce its dependence on Japan during an escalating trade row. Trade Minister Sung Yun-mo said the...
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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 U.S. regulators are approving T-Mobile's $26.5 billion takeover of rival Sprint, despite fears of higher prices and job cuts. (AP Photo/Bebeto Matthews, File)
August 01, 2019 - 2:41 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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