Asset Sales

The Goodyear Tire & Rubber Company (NASDAQ:GT) on Thursday disclosed a deal to divest the majority of its Goodyear Chemical business to Gemspring Capital Management, LLC. As per the terms of its divestiture, Gemspring Capital will acquire Goodyear Chemical for around $650 million in cash at...

Intel Corp (NASDAQ:INTC) explored selling its network and edge businesses to focus on its core competencies, namely PC and data center chips. Intel CEO Lip-Bu Tan voiced his plans to expand and build on its core competencies during Intel’s 40th-year celebration in Computex, Taipei, Reuters...

Advanced Micro Devices, Inc. (NASDAQ:AMD) shares are trading lower on Monday after the company disclosed a definitive deal to sell its ZT Systems‘ U.S.-based data center infrastructure manufacturing business to Sanmina Corporation (NASDAQ:SANM) for $3 billion in cash and stock. Details:...

New On The Block Starbucks (NASDAQ:SBUX) is brewing up some big decisions for its China business, including a potential stake deal that could fetch several billion dollars. The coffee giant has been quietly chatting with tech firms and private equity players, hoping someone might want a sip of its...

Phillips 66 (NYSE:PSX) subsidiary reached a definitive deal to sell a 65% stake in its retail marketing business in Germany and Austria to a consortium owned by subsidiaries of investment firms Energy Equation Partners and Stonepeak at an enterprise value of around €2.5 billion (about $2.8 billion...

TotalEnergies SE (NYSE:TTE) shares are trading lower on Wednesday after the company disclosed that it has agreed with HitecVision, a Norwegian energy investment firm, to sell a 50% stake in Polska Grupa Biogazowa (PGB) for an enterprise value of 190 million euros ($213 million). PGB is the leading...

U.S. District Judge Steven Logan has temporarily blocked the controversial transfer of federal land in Arizona to mining firms Rio Tinto (NYSE:RIO) and BHP (NYSE:BHP). Logan cited the need for the U.S. Supreme Court to deliberate on an appeal filed by Native American groups opposing the project....

Shares of food and personal-care company Hain Celestial Group Inc. (NASDAQ:HAIN) are trading lower on Wednesday following the third-quarter earnings result. The company reported a third-quarter FY25 revenue decline of 11% year-on-year to $390.35 million, missing the analyst consensus estimate...