Ownership changes

May 13, 2019 - 4:04 pm
MOSCOW (AP) — A Ukrainian court has rejected an appeal of a lower court ruling that said the nationalization of the country's largest commercial bank had been illegal. Ukraine's central bank requested the appeal refused Monday. The National Bank of Ukraine said it would ask a higher appeals court...
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FILE - In this June 15, 2018, file photo, the Winston razor and Harry's face lotion are on display at the headquarters of Harry's Inc., in New York. Harry's, the upstart shaving company, is being acquired by the owner of Schick razors for $1.37 billion, which was announced Thursday, May 9, 2019. (AP Photo/Mary Altaffer, File)
May 09, 2019 - 2:27 pm
NEW YORK (AP) — If you can't beat them, join them. The owner of Schick razors is acquiring upstart shaving company Harry's for $1.37 billion, continuing a trend of consolidation in the shaving industry, where established brands have struggled with the rise of digital-savvy newcomers. About 79% of...
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Ohio Gov. Mike DeWine speaks on the cellphone with GM CEO Mary Barra, Wednesday, May 8, 2019, at the Ohio Statehouse in Columbus, about the company's plans to sell its shuttered factory in Lordstown, Ohio, to a company that builds electric trucks. DeWine, a Republican, said he wanted to hear more details about the plan, including the reaction of the UAW, but said the potential project was better than the plant sitting idle. (AP Photo/Andrew Welsh-Huggins)
May 08, 2019 - 1:36 pm
DETROIT (AP) — General Motors is negotiating the sale of its shuttered factory in Lordstown, Ohio, to a company that builds electric trucks. The company confirmed Wednesday that it's in talks with Cincinnati-based Workhorse Group to sell the huge facility, and also announced plans to invest $700...
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May 07, 2019 - 8:10 am
BRUSSELS (AP) — AB Inbev, the world's biggest brewer and the owner of brands like Bud and Stella Artois, is considering listing some of the shares of its Asian business on the Hong Kong stock exchange. The company, which is based in the Belgian town of Leuven, said Tuesday that the move would lower...
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Shareholders in overflow rooms watch on a big screen as Berkshire Hathaway Chairman and CEO Warren Buffett, left, and Vice Chairman Charlie Munger preside over the annual Berkshire Hathaway shareholders meeting in Omaha, Neb., Saturday, May 4, 2019. An estimated 40,000 people are thought to be in town for the event, where Buffett and Munger spend hours answering questions. (AP Photo/Nati Harnik)
May 04, 2019 - 1:49 pm
OMAHA, Neb. (AP) — Tens of 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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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 - 7:08 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 - 8:38 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 - 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 - 9:17 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 - 7:25 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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FILE - In this Feb. 13, 2019, file photo, Sprint Corporation Executive Chairman Marcelo Claure, left, speaks with T-Mobile US CEO and President John Legere during the House Commerce subcommittee hearing on Capitol Hill in Washington. Sprint and T-Mobile shares are falling after a Wall Street Journal report cast doubt on the likelihood of government approval of their $26.5 billion merger. (AP Photo/Jose Luis Magana, File)
April 16, 2019 - 5:56 pm
NEW YORK (AP) — Sprint and T-Mobile shares fell after a Wall Street Journal report cast doubt on the likelihood of government approval of the companies' $26.5 billion merger . The Journal said that Justice Department antitrust personnel, who are reviewing the takeover, questioned the companies'...
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