Asset Sales

Aecom (NYSE: ACM) will sell its management services business to the affiliates of American Securities LLC and Lindsay Goldberg for $2.405 billion. The company also has narrowed fiscal year 2019 EPS guidance from $2.60-2.90 to $2.75 versus the $2.77 analyst estimate. Aecom expects fiscal 2019...

This weekend's Barron's cover story examines ways to maximize income in a low-rate environment. Other featured articles discuss a way to play the China trade talks and what a new baby boom means for retail stocks. Also: the prospects for a rebounding snack maker, a beleaguered...

AT&T Inc. (NYSE: T) is evaluating a sale of its satellite business DirecTV, which would mark a departure from a prior corporate strategy, The Wall Street Journal reported. AT&T acquired DirecTV in 2015 and now is considering multiple strategic alternatives, including a spinoff of the...

American Axle & Manufacturing Holdings, Inc. (NYSE: AXL) announced plans Wednesday to sell its U.S. iron casting operations known as Grede to funds managed by Gamut Capital Management for $245 million. The $245-million sale price will consist of $185 million in cash and a $60-million...

General Electric Company (NYSE: GE) shares traded higher by another 4.5% on Wednesday after yet another analyst had good things to say about the stock. Citi analyst Andrew Kaplowitz reiterated his Buy rating for GE. The Thesis After meeting with General Electric CEO Larry Culp, Kaplowitz said he is...

Since the financial crisis that wiped billions of dollars off markets in 2008, capital markets around the world have enjoyed a nice run over the last decade. The stellar economic growth of both developed and emerging regions formed the backdrop for this market performance and investors were left...

Aurora Cannabis Inc. (NYSE: ACB) announced Wednesday it has sold all of its remaining shares of The Green Organic Dutchman Holdings Ltd (TSE: TGOD)(OTC: TGODF). The company disposed 28.83 million TGOD shares that accounted for 10.5% of the total number of outstanding shares, at a price of $3....

Curaleaf Holdings, Inc. (CSE:CURA)(OTC: CURLF) has provided itself an additional revenue stream through the sale of six properties for $28.3 million. The acquisition with the newly formed Freehold Properties, Inc., a real estate investment venture, is made up of $25.5 million in cash and Freehold...

Tailored Brands (NYSE: TLRD) shares are trading higher after the company announced it has sold its corporate apparel business for $62 million. The company has also raised second-quarter EPS guidance above analyst estimates. Tailored Brands closed the sale of its corporate apparel business to a...

Constellation Brands, Inc. (NYSE: STZ) said in a press release it reached an agreement to sell its Black Velvet Canadian Whisky brand as part of an ongoing "premiumization strategy." What Happened Constellation Brands agreed to sell the Black Velvet Canadian Whisky and associated...

Verizon Communications Inc. (NYSE: VZ) reached an agreement to sell Tumblr to WordPress.com owner Automattic for a "nominal amount," The Wall Street Journal reported. What Happened Verizon acquired Tumblr as part of its 2017 acquisition of Yahoo's media properties to build its own...

Canada-based TerrAscend Corp (OTC:TRSSF) (CSE:TER), the first licensed for sales in Canada, the U.S. and the E.U., announced this week it's acquiring Ilera Healthcare, one of the five vertically-integrated cannabis cultivators, processors and dispensary operators in Pennsylvania...

Shares of Intel Corporation (NASDAQ: INTC) rose after the close Thursday after the chipmaker beat analysts' estimates on earnings and sales in the second quarter, and upped sales and earnings guidance. Earnings Intel reported quarterly EPS of $1.06, smashing the Street estimate of 89 cents. The...

Nike Inc (NYSE: NKE) is looking to sell its surfwear brand Hurley International, sources close to the matter told Reuters. What Happened Nike is looking to divest its surfwear brand at a time when the hobby doesn't appeal to non-surfing consumers as it has in the past, sources told Reuters....