Ownership changes

May 06, 2019 - 2:33 am
KUALA LUMPUR, Malaysia (AP) — Malaysia's Axiata Group Berhad says it is in talks with Norway's Telenor ASA to merge their Asian operations to create one of the world's top telecommunications giants with some 300 million customers in nine countries. Axiata said in a statement Monday that Telenor is...
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Warren Buffett, Chairman and CEO of Berkshire Hathaway, speaks to reporters during a tour of the CHI Health convention center where various Berkshire Hathaway companies display their products, before presiding over the annual shareholders meeting in Omaha, Neb., Saturday, May 4, 2019. An estimated 40,000 people are expected in town for the event, where Buffett and his Vice Chairman Charlie Munger will preside over the meeting and spend hours answering questions. (AP Photo/Nati Harnik)
May 04, 2019 - 7:10 am
OMAHA, Neb. (AP) — Thousands of Berkshire Hathaway shareholders return to Omaha every year to learn from Warren Buffett and celebrate the company he built through acquisitions and investments. But with the 88-year-old Buffett and 95-year-old Charlie Munger leading the company it's hard for...
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May 02, 2019 - 6:09 am
LONDON (AP) — Canadian aerospace company Bombardier says it will sell businesses in Northern Ireland and Morocco as part of a broad restructuring. The company said Thursday it will consolidate its aerospace operations into one unit. As a result, it will focus its business on manufacturing plane...
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FILE - In this undated, file photo provided by Occidental Petroleum Corp., Occidental President and CEO Vicki Hollub poses for a photo. Hollub was taken by surprise when she heard that oil and gas company Anadarko had accepted a buyout offer from rival Chevron. (Occidental Petroleum Corp. via AP, File)
April 30, 2019 - 9:09 am
OMAHA, Nebraska (AP) — Warren Buffett's Berkshire Hathaway will finance a bid by Occidental Petroleum for Anadarko, potentially upending Chevron's $33 billion offer for the energy company. At stake are choice oil and gas fields spread across Texas and New Mexico, including a 75-mile-wide corridor...
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CEO Werner Baumann, right, and Chairman of the Supervisory Board Werner Wenning, left, shake hands during the annual general meeting of the Bayer stock company in Bonn, Germany, Friday, April 26, 2019. Following the record acquisition of U.S. biotech and seed company Monsanto, Bayer's agricultural business has become a risk for the German chemical company. Bayer is facing enormous cost if the U.S. court will find Monsanto's glyphosate to be causing cancer. Since the take-over of Monsanto in June 2018, Bayer lost around half of its value in market capitalization. (AP Photo/Martin Meissner)
April 26, 2019 - 4:08 am
BERLIN (AP) — Bayer's top managers are facing shareholders amid discontent over the fallout from the German company's acquisition of Monsanto, the maker of Roundup weed killer. Chairman Werner Wenning told the annual general meeting in Bonn on Friday that company leaders "very much regret" falls in...
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FILE-In this March 18, 2019 file photo headquarters of Deutsche Bank, left, and Commerzbank are seen in Frankfurt, Germany. Deutsche Bank and Commerzbank are halting talks on a possible merger that would have created Germany's biggest financial institution. (AP Photo/Michael Probst)
April 25, 2019 - 5:38 am
FRANKFURT, Germany (AP) — Germany's Deutsche Bank and Commerzbank said Thursday they were halting talks on a possible merger that aimed to create a stronger global banking player, saying it would be too risky and costly. Deutsche Bank CEO Christian Sewing said in a statement that that the...
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FILE- This Oct. 3, 2018, file photo shows a Tesla emblem at the Auto show in Paris. Tesla CEO Elon Musk appears poised to transform the company’s electric cars into driverless vehicles in a risky bid to realize a bold vision that he has been floating for years. The technology required to make that quantum leap is scheduled to be shown off to Tesla investors Monday, April 22, 2019, at the company’s Palo Alto, Calif., headquarters. (AP Photo/Christophe Ena, File)
April 22, 2019 - 4:56 pm
SAN FRANCISCO (AP) — Tesla CEO Elon Musk expects to start converting the company's electric cars into fully self-driving vehicles next year as part of an audacious plan to create a network of robotic taxis to compete against Uber and other ride-hailing services. The vision sketched out Monday...
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FILE - In this file photo taken on Monday, Dec. 19, 2016, a client leaves PrivatBank as other clients take money from PrivatBank's cash machine in Kiev, Ukraine. A Ukrainian court has ruled that the 2016 nationalization of the major bank PrivatBank, owned by a powerful tycoon Ihor Kolomoyskyi, was illegal. (AP Photo/Efrem Lukatsky, File)
April 18, 2019 - 7:59 am
KIEV, Ukraine (AP) — A Ukrainian court on Thursday ruled that the 2016 nationalization of a major bank owned by a tycoon was illegal, sending shockwaves through the country's financial community. Privatbank, Ukraine's biggest lender, was nationalized in 2016 after authorities discovered a capital...
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April 16, 2019 - 4:25 pm
NEW YORK (AP) — The Martha Stewart brand is getting a new home. Sequential Brands Group, which bought the Martha Stewart brand nearly four years ago for about $353 million, said Tuesday that it is selling it to Marquee Brands for about $175 million. As part of the deal, Marquee will also acquire...
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April 15, 2019 - 3:31 pm
NEW YORK (AP) — AT&T has sold its 9.5% share in Hulu back to the streaming TV company, leaving Disney and Comcast as its owners. Hulu said Monday that AT&T sold its stake for $1.43 billion, valuing the unprofitable Hulu at $15 billion. The Walt Disney Co. wound up with a 60% share after its...
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