Spin-offs

August 01, 2020 - 1:18 pm
NEW YORK (AP) — President Donald Trump says he wants to take action to ban TikTok, a popular Chinese-owned video app that has been a source of national security and censorship concerns. The threat comes as Microsoft Corp. is in advanced talks to buy the Chinese app, owned by Bytedance Ltd.,...
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January 16, 2020 - 2:25 pm
NEW YORK (AP) — Gap Inc. says it no longer intends to spin off Old Navy as a separate public company. The retailer said Thursday that its board scuttled the move after determining it would be too costly and complex, especially given the company's recent struggles. Its stock was up about 7% in after...
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Residents of the Boardwalk RV Park discuss the path of a possible waterspout or tornado, generated by Hurricane Dorian, struck the area, Thursday, Sept. 5, 2019, in Emerald Isle, N.C. (Julia Wall/The News & Observer via AP)
Associated Press
September 05, 2019 - 12:15 pm
CHARLESTON, S.C. (AP) — Hurricane Dorian raked the Carolina coast with howling, window-rattling winds and sideways rain Thursday, spinning off tornadoes and knocking out power to more than 200,000 homes and businesses as it pushed northward toward the dangerously exposed Outer Banks. Leaving at...
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FILE - This Tuesday, July 16, 2013, file photo shows signage at eBay headquarters in San Jose, Calif. EBay is initiating review concerning the future of its StubHub and its classified ads business. The e-commerce company said Friday, March 1, 2019 that there’s no guarantee that the review will result in a sale, spin-off or other business combination involving its assets. (AP Photo/Ben Margot, File)
March 01, 2019 - 7:38 am
NEW YORK (AP) — EBay said Friday that it is considering the sale or spin-off its ticket-reselling site StubHub and its classified ads business after a push from an activist investor. Back in January, Elliott Management said in a letter to the company in that it believed the e-commerce company would...
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FILE - In this Jan. 8, 2017, file photo a Chrysler Pacifica hybrid outfitted with Waymo's suite of sensors and radar is displayed at the North American International Auto Show in Detroit. Google's self-driving car spinoff Waymo said Tuesday it will bring a factory to Michigan, creating up to 400 jobs at what it describes as the world's first plant "100 percent" dedicated to the mass production of autonomous vehicles. (AP Photo/Paul Sancya, File)
January 22, 2019 - 2:41 pm
LANSING, Mich. (AP) — Google's self-driving car spinoff Waymo said Tuesday it will bring a factory to Michigan, creating up to 400 jobs at what it describes as the world's first plant "100 percent" dedicated to the mass production of autonomous vehicles. The company plans to spend about $13.6...
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In this Nov. 20, 2018, photo provided by General Motors/Cruise, from left, Cruise Automation's Dan Kan and Kyle Vogt pose for a photo with General Motors' Dan Ammann at Cruise Automation offices in San Francisco, Calif. General Motors’ No. 2 executive is moving from Motor City to Silicon Valley to run the automaker’s self-driving car operations as it attempts to cash in on its bet that robotic vehicles will transform transportation. In a transition announced Thursday, Nov. 29, GM President Ammann will become CEO of the company’s Cruise Automation subsidiary at the beginning of next year. He will replace Cruise co-founder Vogt, who will become chief technology officer. (Noah Berger/General Motors, Cruise via AP)
November 29, 2018 - 12:11 pm
SAN FRANCISCO (AP) — General Motors' No. 2 executive is moving from Motor City to Silicon Valley to run the automaker's self-driving car operations as it attempts to cash in on its bet that robotic vehicles will transform transportation. GM President Dan Ammann will become CEO of the company's...
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October 30, 2018 - 2:27 pm
SAN FRANCISCO (AP) — Google's robotic car spin-off Waymo is poised to become the first to test fully driverless vehicles on California's public roads. The regulatory approval clearing the cars to begin navigating the state's highways and streets without a backup human driver behind the wheel comes...
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In this Nov. 20, 2017, photo, a woman wears her earphones as she walks past mascots representing the various platforms owned by Chinese internet conglomerate Tencent Holdings Limited during a promotion of Tencent Video, a video streaming service, in Beijing, China. Tencent, China's most valuable tech company and the operator of the popular WeChat social media platform, says it plans to spin off its streaming music service on a U.S. stock exchange. (AP Photo/Ng Han Guan)
July 08, 2018 - 11:14 pm
BEIJING (AP) — Tencent, China's most valuable tech company and the operator of the popular WeChat social media platform, says it plans to spin off its streaming music service on a U.S. stock exchange. The company said in a statement issued through the Hong Kong stock exchange that the share price...
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