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683 Sentences With "divesting"

How to use divesting in a sentence? Find typical usage patterns (collocations)/phrases/context for "divesting" and check conjugation/comparative form for "divesting". Mastering all the usages of "divesting" from sentence examples published by news publications.

Other Greek banks have been divesting assets and foreign subsidiaries.
They have also indicated they were considering divesting wireless spectrum.
Disney is not, however, divesting of Fox's full gaming lineup.
It's Michael Bloomberg fully divesting himself from his media empire.
Kushner is fully complying with the ethics rules, removing himself from active participation in his prior businesses, divesting of substantial assets and recusing himself where appropriate in light of interests that he is not divesting.
But the simple act of divesting may carry its own costs.
Blumenthal added that Trump could "easily cure" the problem by divesting.
As a result, Twitter is looking at divesting some noncore businesses.
Divesting has become common in union, city and state pension funds.
Read the full report about Donald Trump's decision about not divesting here.
So much for any chance of him actually divesting from his business.
Other Greek banks have been divesting non-core assets and foreign subsidiaries.
PLDT has been divesting non-core assets in its commitment towards deleveraging.
N has been considering divesting, according to people familiar with the matter.
SRI has historical roots in investing and divesting according to religious values.
Warren's proposal would see Facebook divesting its major acquisitions, WhatsApp and Instagram.
On Friday, WeWork said it would be divesting all "non-core" businesses.
And so, we made the decision that we're better off divesting it.
IGER: Well, it is premature really except to say that if Comcast is interested in divesting, or if Time Warner or AT&T Time Warner is interested in divesting, we certainly would be interested in buying their stake.
Senators did note that Ross is divesting from much of his business empire.
The multi-billionaire Ross is not completely divesting from his vast financial holdings.
There is simply little precedent in divesting tech companies, short of blocking mergers.
Not even the Green Party dares to suggest divesting from Alberta's oil sands.
Nexstar is divesting these stations to get the merger approved under these rules.
N) reacted in 2013 by divesting a shareholding in China Construction Bank (601939.
AIG has been divesting chunks of its operation to return capital to shareholders.
Australian Ethical Investments said in May it was divesting its holdings in AMP.
P&G has largely focused on divesting rather than acquiring in recent years.
BUT YOU'D END UP DIVESTING MOST OF THE ARROWSPACE WHERE THEY WOULDBE GENERATED.
The moral and economic case for divesting from coal was clear in 2019.
AT&T is not focused on divesting or selling DirecTV, sources tell CNBC.
This would not be the first time Constellation has explored divesting some wine brands.
In addition to acquisitions, GE is divesting non-core Water and Industrial Solutions businesses.
The group's founding Lee family has been restructuring the conglomerate, divesting non-core affiliates.
Instead, the league unilaterally attempted to address its financial insolvency by divesting the athletes.
Brynwood in 2014 bought Juicy Juice from Nestle, which is divesting its underperforming brands.
"He began divesting his Navigator interests in May," the administration official said of Ross.
Those companies may have an easier time divesting themselves of assets to appease regulators.
Still, questions remain as to whether retailers are divesting their underperforming properties quickly enough.
The plan involves divesting businesses, cutting costs and ultimately returning $25 billion to shareholders.
Bayer has been divesting assets to win over antitrust regulators for its proposed takeover.
Also, we answer your question about investing, not just divesting, to make a difference.
"If he wasn't divesting, how could there be so many damn papers?" she said.
According to CNBC, ByteDance is in talks with CFIUS over divesting parts of Musical.ly.
Last year, De Blasio committed to fully divesting the city from fossil fuels by 20.93.
Meanwhile, efforts to raise money through divesting state-owned assets were not entirely successful either.
The foundation is now divesting from fossil fuels and has funded activist group 350.org.
Several months prior, he appeared to be divesting himself of his belongings, the report said.
It currently controls half of divesting African venture Petrobras Oil & Gas BV, or Petrobras Africa.
Your service has resulted in your divesting yourself of literally hundreds of millions of dollars.
Rocket Internet -backed food delivery business Foodpanda is divesting yet more of its international holdings.
Groups from the U.K., the United States, Australia and Italy were also among those divesting.
"He's divesting non-core businesses and focusing on the US business and the core stores."
It closed the Valspar transaction on June 1, 2017, after divesting $431 million of assets.
The concept of divesting became mainstream in the United States during the climate change debate.
Instead, he has insisted that companies make structural changes, such as divesting lines of business.
The big picture: Divesting recent purchases isn't the only change being made by new management.
But activism around socially responsible investing (and divesting) is not just a blue-state phenomenon.
The couple is now in the process of divesting, according to the couple's financial disclosure.
It again highlighted the issues of his not divesting his personal business while in office.
The University of Maine followed suit in 2015, divesting all direct holdings from coal companies.
CEZ has earmarked a potential gain from divesting its assets in Bulgaria in its outlook.
Trump broke precedent by not fully divesting from his businesses before being sworn into office.
His comments came amid reports that some of Turkey's largest companies were divesting in Turkey.
There are other ways social impact investing — or divesting, for that matter — can do good.
"It is premature, really, except to say that if Comcast is interested in divesting, or if Time Warner or AT&T Time Warner is interested in divesting, we certainly would be interested in buying their stake," Disney CEO Bob Iger told CNBC, last Thursday.
N. In addition, the bill calls for divesting from the banks financing the $3.78 billion project.
Divesting the business represents a symbolic break with the decisions of Schneider's predecessors, Jefferies' Deboo said.
This proposal requests to have an independent committee review the merits of divesting non-banking activities.
The current order moves the deadline for divesting holdings in Rusal and EN+ until Nov. 12.
Looking ahead: CHS plans on divesting even more hospitals, executives said during their latest earnings call.
"Exxon is actively divesting in Nigeria," one source who was briefed on the divestment plans said.
Jared is now divesting his shares in Thrive because of his move into the White House.
Divesting from the private label division was the step that Post needed to satisfy the market.
"Divesting these great brands wasn't an easy decision," said Steve Cahillane, Kellogg's CEO, in a statement.
Intriguingly, her research shows that the divesting firms also improve their financial performance after a spin-off.
Accessible investing -- and divesting Solar cell owners can be paid in South African Rand or even bitcoin.
Trump has faced criticism for not fully divesting from his businesses since he took office last year.
AT&T CEO Randall Stephenson said the company has no intentions of divesting itself of those holdings.
Chief Executive Carsten Spohr told a newspaper last month that the German airline was considering divesting LSG.
State Street created the E.T.F. for investors committed to divesting from fossil-fuel stocks, Mr. McKnett said.
Green-minded investors face a similar conundrum: can they exert more pressure by holding shares, or divesting?
The divesting were also largely sales to his brother or to a trust owned by his mother.
We have divested our rail business, we have divested-, we are divesting, now, the power grid infrastructure business.
Dillon contended that divesting the business would have been too complicated and could have created even more conflicts.
That economic backdrop has the government considering divesting from oil and gas stocks in its sovereign wealth fund.
Higher profit margins in the U.S. and gains from divesting in international assets offset the impacts from downtime.
In the West campaigning investors talk of divesting from companies that make their living from coal and oil.
It was also worried how much revenue it would lose in divesting assets to appease U.S. antitrust regulators.
Divesting the leasing unit would relieve Xerox of roughly $3.6 billion in debt, one of the sources said.
Verizon is close to divesting its data center portfolio that includes Terremark to Equinix Inc, Reuters has reported.
The president broke precedent at the time by not fully divesting from his businesses before being sworn in.
N) is spinning off its healthcare business and divesting its stake in oil-services firm Baker Hughes (BHGE.
He tripled his investment when divesting of the stock to become secretary, according to the Wall Street Journal.
The company is still divesting assets to help cut its debt in hopes of regaining an investment-grade rating.
Disney is a motivated seller because it can't get its larger deal for Fox done without divesting the networks.
We demand that MoMA board member Larry Fink begin by divesting all assets from GEO Group and Core Civic.
The Board passed a resolution pledging to explore the feasibility of divesting from companies with ties to Dakota Access.
The company can borrow against the holdings, replenishing the position through debt or divesting the shares, adding financial flexibility.
Under the deal, Hellenic Petroleum is selling its 35 percent stake in DESFA and Greece is divesting the rest.
The world's largest chemicals maker said the drop was mainly a result of divesting its natural gas trading activities.
Instead of divesting his hotels and golf courses, Trump is handing management of them to his two eldest sons.
PUTTING THOSE TWO COMPLEMENTARY PORTFOLIOS TOGETHER AND DIVESTING THE OVERLAPS IS WHAT IS GOING TO GIVE US THE SYNERGIES.
Takeda is also in the process of divesting its Latin American assets, which are valued at about $1 billion.
By divesting himself of extraneous belongings, Altucher says he's more focused on doing his best work and being creative.
Trump is not the main reason investors are asking about divesting Banamex, nor is the idea a new one.
By divesting himself of his belongings, Altucher says he's more focused on doing his best work and being creative.
The Democrats are also asking commerce to confirm that Ross has made good on his promise of divesting assets.
Greek banks have been divesting assets and foreign subsidiaries to focus on their domestic market under a restructuring drive.
His first nominee, billionaire Vincent Viola, withdrew his name from consideration in February amid troubles divesting from financial holdings.
AIG is midway through the plan, which involves divesting businesses, cutting costs and ultimately returning $25 billion to shareholders.
In April, GSK said it was divesting its rare disease gene therapy drugs to private biotech company Orchard Therapeutics.
HK/SIN after the company said it would be divesting its furniture, beauty and sweaters verticals for $1.1 billion.
Some institutional investors have talked about divesting their shares in gun makers like American Outdoor Brands and Vista Outdoor.
Investors are pressing them to transition more quickly to renewables, and some are divesting from oil and gas altogether.
In 2018, New York became the first major American city to set a goal of divesting from fossil fuels.
Other schools have taken additional steps, divesting not only from coal producers, but also from oil and gas companies.
Sherwin-Williams completed the purchase of Minneapolis-based Valspar on June 1, 2017, after divesting $431 million of assets.
AT&T's CEO, though, denied making such an offer and said he wouldn't entertain the idea of divesting CNN.
General Electric is also divesting its financial unit to escape new rules and A.I.G. is streamlining parts of its business.
The company is also divesting many of its legacy oilfields, but relatively few of those sales have so far closed.
IBM also reported $417 million in "other" revenue, a way to report revenue from the businesses that IBM is divesting.
Divesting the ownership of the ISS in favor of the private sector just makes good economic and public policy sense.
This group of shareholders further asks Benchmark to cede its ability to appoint new board members by divesting their shares.
The financial world is also recognizing the risk, with some of the world's biggest pension funds divesting from nuclear weapons.
GE has said it expects to book as much as $10 billion in proceeds from divesting industrial assets this year.
Corbat set about divesting underperforming businesses and amplifying others worth keeping, but Citigroup is still far less profitable than rivals.
Comcast also proposed unacceptable plans for divesting any assets singled out by antitrust regulators as problematic, according to the filing.
Ayat said the company is in the process of divesting three businesses that could generate proceeds of around $1 billion.
Just how involved POTUS is with his elusive modeling agency, even after divesting his businesses upon taking office, is nebulous.
Will there be a complete and total divesting of all of his assets to a true and genuine blind trust?
But because all of the companies are privately held, divesting is not as easy as putting in a sell order.
Vincent Viola withdrew his name in February out of concerns about divesting from his financial holdings, while Tennessee state Sen.
Murphy has pushed for creating a public bank and divesting New Jersey pension funds from hedge funds and private equity.
Murphy is pushing for creating a public bank and divesting New Jersey pension funds from hedge funds and private equity.
In other words, UMass is committed to divesting less than one percent of the entire endowment of the school system.
Our goal was to end LA's municipal investments with Wells Fargo, thus divesting the funds from the Dakota Access Pipeline.
The carriers are also considering divesting wireless spectrum, or airwaves that carry data, in order to push the merger through.
"IBM continually manages its portfolio by identifying and divesting non-core, non-strategic areas within our business," a spokesperson said.
As they enter the fleet, the Air Force will start divesting its B-1B Lancers and B-2A Spirit bombers.
The largest pension fund in the country is divesting, and several states are passing laws to phase out private prisons.
It underscored Ms. Markle's own independence by divesting her of frippery, while also respecting tradition and keeping her covered up.
Saudia has been restructuring since 2015, divesting from non-core businesses with the plan of returning to profitability by 2020.
DOJ sources told The Hill and other outlets that AT&T had offered to follow through with divesting from CNN.
Meanwhile, over at the State Department one finds Rex Tillerson, now busily divesting himself of many millions in Exxon stock.
AROUND THE WEB: Yale University has started its process of divesting from fossil fuel companies, the Yale Daily news reports.
After divesting themselves of that empire, the family members ventured into philanthropy, collaborating extensively with local schools, museums and government.
Kottmann also said Clariant could foresee divesting 25 percent of its portfolio including its Pigments and Masterbatches businesses following the merger.
The agency has heavily criticized Trump for not divesting from his businesses or establishing a blind trust when he took office.
The agency has criticized the president for not divesting from his businesses or establishing a blind trust when he took office.
And [to] put out a call for action — we want people to continue divesting from the people that support this pipeline.
That would achieve most of Occidental's goal of divesting $10 billion to $15 billion in assets as part of the buyout.
But investing in new equipment, divesting the old, and developing new product lines and marketing mechanisms can be costly, he warned.
I mean, they have been divesting from coal projects and really focusing a lot of the funding on climate change projects.
The company shed its designation as a non-bank systemically important financial institution after divesting most of its GE Capital business.
In February, Gozde Girisim said it had signed an exclusivity agreement with RHI Magnesita for divesting its other unit Kumas Manyezit.
Chen could have a more aggressive plan in mind for the company, which has been divesting hospitals at a rapid pace.
The mandate specifically excluded the possibility of selling French operations but did not rule out divesting GPA, according to the report.
Reuters reported in February that GE was considering divesting its industrial gas engine business, which includes the Jenbacher and Waukesha engines.
Essel Group is also in the process of divesting some of its non-media assets, the conglomerate said in a statement.
That deal was seen by Wall Street as a way of bolstering its generic drugs ahead of potentially divesting the business.
These options including selling Brightstar outright, offloading a substantial stake, or divesting some of its units, one of the sources said.
Under the legislation, money from divesting assets would go into a blind trust that would be managed by an independent trustee.
He then spent the following decade divesting the non-core assets in order to focus on Time Warner's leading content franchises.
Divesting from coal-powered energy generation and investing in renewable energy is imperative, particularly in Asia, where energy demand is increasing.
The mainland also looks hostile: in 2015, Li drew scathing criticism from state media for divesting assets in the People's Republic.
The news comes as a surprise since California has been one of the most progressive states in divesting from fossil fuels.
"Divesting the whole package is the best option for RWE," RWE CEO Rolf Martin Schmitz said at the group's annual general meeting.
Dillon said Trump decided not to do that because it was not realistic, adding that divesting may have created more possible conflicts.
After years of divesting mainly small slivers of unappealing enterprises, Vietnam is at last offering foreigners a slice of its best assets.
The FCC has delayed its review twice, saying in January that it needed more time to evaluate Sinclair's plans for divesting assets.
What's more, Adidas was reportedly considering divesting itself of the brand after revenue for Reebok fell 3% last year, according to Bloomberg.
While CenturyLink is divesting its data centers, it will continue to operate its business providing data center services and connections to customers.
KD Group is in the process of divesting most non-core assets to focus on its core insurance and asset management businesses.
One proposal, from Booker, would exclude sole proprietorships from state or local government laws divesting from companies that engage in BDS activities.
Petrobras, as the company is known, reaffirmed its target of divesting up to $21 billion in assets by the end of 2018.
But he's continued the same troubling pattern in office by not divesting himself of holdings even though they create conflicts of interest.
Divesting shares in successful, profitable energy companies will only hurt businesses, universities, and millions of people who depend on retirement pension income.
Meese's logic was grounded in separation of powers concerns and the possibility that agencies were inappropriately divesting their powers during settlements negotiations.
Vietnam Electricity Corporation would maintain its ownership of EVNGENCO3 at 51 percent until 2019 and would consider divesting further, the government said.
As well as divesting its upstream oil and gas business, the company has made the decision to halt all use of coal.
Because of these patent wars and patent trolls, technology companies are divesting huge resources to defend themselves rather than advancing their innovations.
While it's valuable that New York City is suing and divesting from fossil fuel companies, championing sustainable fuels must begin at home.
The debate at Middlebury College in Vermont went on at least as long as Sewanee's before the school chose to begin divesting.
The holding's Chief Executive, Avet Mirakyan, told Reuters earlier this month Safmar was looking at divesting some of its real estate assets.
Although the Office of Government Ethics has praised Mr. Trump for committing to divesting his assets, he has not actually done so.
The sale process comes as a string of other private equity-owned pharmaceutical services companies explore divesting themselves or initial public offerings.
For example, Mumenthaler said his firm was giving up about $20 million in insurance premiums by divesting from coal in some countries.
Rather than completely divesting, Trump would maintain connections to his business empire — though only be permitted limited access to information about it.
Many government and private ethics watchdogs said the president should have gone farther, divesting assets that could cause a conflict of interest.
Hundreds of investors, such as the Rockefeller Family Fund, Norway's state pension fund, and French insurance group AXA , are also divesting coal.
Kushner, who married Trump's daughter Ivanka in 2009, has also been divesting assets, such as an equity interest in a Manhattan office tower.
It has almost entirely eliminated derivatives exposure and reliance of short-term funding, while divesting more than $90 billion of subsidiaries and properties.
Ivanka Trump will also be divesting assets and resigning from her key roles in the Trump Organization as well as her fashion business.
Discussion over retroactive merger reviews that may result in companies divesting previously approved assets has been heating up over the last few months.
"Instead of fast-tracking skyscraper jails, the city should be investing in communities and divesting from the carceral system," Jonathan Ben-Menachem wrote.
"As ABB evolves over time you will see us adding smaller and bigger pieces and also divesting smaller and bigger pieces," Spiesshofer said.
Several government and private ethics watchdogs said he should have gone further, divesting himself of assets that could cause a conflict of interest.
Australia's largest lender, Commonwealth Bank is in the process of divesting its ownership of Colonial to Japan's Mitsubishi UFJ Trust and Banking Corp.
The bigger company has been divesting of some of its international operations at the same time that it is beefing up in India.
Heavily leveraged oil producers have been divesting assets to pay down debt, while bigger companies are selling non-core assets to fund investment.
It's rumored that Fox's reported interest in divesting its entertainment properties comes in response to Netflix's dominance in the on-demand entertainment space.
Woods also said that Exxon made progress on divesting its assets, which the company forecasts will generate $15 billion in cash by 2025.
Woods also said that Exxon made progress on divesting its assets, which the company forecasts will generate $23 billion in cash by 225.
Excluding gains from divesting its financial services business, Baidu posted adjusted earnings per share of 19.01 yuan versus the 16.70 yuan analyst estimate.
Aetna Chief Executive Mark Bertolini said the company has proposed divesting enough assets to ensure competition in markets where it overlaps with Humana.
Aetna is seeking a life preserver and is suggesting that they can solve the DOJ concerns by divesting about $220006 billion of assets.
Newell acquired it via the $13 billion purchase of Jarden in 2016, and is divesting as part of a larger debt-reduction plan.
Many government and private ethics watchdogs said he should have gone further, divesting himself of assets that could cause a conflict of interest.
Instead of divesting the business, Nestle joined other food makers in revamping its product line to win over a new generation of consumers.
In November, he sent a rapid-fire series of tweets "congratulating" Trump for divesting totally from his businesses, something Trump hadn't yet done.
SM Energy has been trying to boost its presence in the Permian basin in west Texas and eastern New Mexico, while divesting assets elsewhere.
By completely divesting his holdings, Trump would likely reduce the value of many of the assets that are tied so closely to his name.
To do that it said it would sell equity stakes and exit bond investments by bringing them to maturity or even divesting before maturity.
FGV had grappled with management shakeups and allegations of corruption in recent years, and is currently cutting costs by trimming staff and divesting assets.
Activist hedge funds push for changes at companies, ranging from ousting management and board directors to buying back stock and divesting non-core assets.
In an unusual back and forth played out in the media, AT&T CEO Randall Stephenson said the company would not consider divesting CNN.
Experian had started the process of divesting the email/cross-channel marketing business, the largest business line within its Marketing Services division, last November.
The regulator said its approval would be conditioned on Syngenta divesting five specific products, without naming them, in order to avoid risks to competition.
Judge Richard J. Leon of the United States District Court in Washington said the agreement could go through without either company divesting any assets.
Kushner reported divesting his stake in the family company, and his siblings took the reins of the business and its search for foreign investment.
It added that spinning off or divesting Sky News, insulating Sky News from Fox's influence, or blocking the deal outright would be possible solutions.
In addition to divesting from coal, Fink says that BlackRock will expand its sustainable investment offerings and make them the standard choice for portfolios.
Shaub recognized divesting himself from his business holdings "could be costly" for Trump, but called it a necessary step for any president to take.
Academic groups, artists, churches and companies from many countries are boycotting or divesting from Israel, or from the occupied territories in the West Bank.
The president-elect has real estate interests across the globe and, rather than divesting his assets, said he's handing control to three of his children.
GE is already pressing on with divesting several assets, including spinning off its healthcare unit and shedding its stake in oilfield services company Baker Hughes.
The group has been divesting non-core assets as part of a strategic review aimed at improving cash generation, enhancing profitability and accelerating organic growth.
They often end in companies either selling to a sector peer or divesting pieces of their business in aid of generating more returns for shareholders.
Potential investors will challenge him to explain the sphere of business at Uber, which has oscillated between investing and divesting in products, strategies and geographies.
Following a series of anti-trust actions and negotiations in the 1930s and 1940s, the studios ended up divesting themselves of their control over theaters.
Earlier this month, the Office of Government Ethics argued that Trump should follow tradition by divesting from his businesses or establishing a true blind trust.
It has already begun divesting equity stakes that were bought as part of a diversification push and has also forced employees to take pay cuts.
Multiple sources say GV, which made the Uber investment, has little interest in divesting, but this decision might be made a few pay rungs higher.
"OGE's view is that a President should comply with this law by divesting conflicting assets, establishing a qualified blind trust, or both," the office said.
At the moment, Sony has shown little interest divesting assets despite flirting with the idea over the three decades it has owned the Hollywood studios.
Two divisions that Twitter is considering divesting itself of are Vine, the mobile six-second video service, and MoPub, a mobile advertising business, they said.
German daily Handelsblatt had reported on Thursday that Lufthansa was considering divesting the non-core maintenance business as well as catering unit LSG Sky Chefs.
The Competition and Markets Authority said on Tuesday that remedies could include spinning off or divesting Sky News, or insulating Sky News from Fox's influence.
Meituan, on the other hand, is fixated on beefing up its main turf of on-demand neighborhood services after divesting its costly bike-sharing endeavor.
The fact that she's actually moving to DC and divesting herself from the business is a sign that she's going to be a big player.
Coke is divesting from its U.S. cold-fill bottling operations, with a self-imposed deadline to finish the reorganization by the end of the year.
Thyssenkrupp late on Thursday agreed to sell its elevators division to a consortium of Advent, Cinven and Germany's RAG foundation, divesting its most profitable business.
As we have argued before, Mr. Trump can resolve these problems by divesting all of his businesses and putting the proceeds into a blind trust.
Yet if we could get just one offending bank to move toward divesting from fossil fuels, the ripple effects would be both swift and global.
He said that Tysabri was among the non-core assets that he was open to divesting, but he had not yet made a final decision.
Fitzgerald had already been criticized for divesting older financial holdings in food and drug companies too slowly, and for her cozy relationship with the soda industry.
Athens can raise more than 2 billion euros from divesting state assets this year, he added, and can approach a 6 billion euro target by 2018.
Axios: Would you ever consider divesting your shares — about 0.25% of all outstanding Exxon shares — if the company doesn't act in the way you're calling for?
Axios: What's your reaction to Norway's sovereign wealth fund — the largest in the world — divesting from some oil companies, those focused just on exploring and producing?
Oil-rich Abu Dhabi, the capital of the United Arab Emirates, has been divesting some of its investments as crude prices have continued a lengthy slump.
N) is already pressing on with divesting several assets, including spinning off its healthcare unit and shedding its stake in oilfield services company Baker Hughes (BHGE.
Many birth justice advocates are divesting from the existing, sometimes oppressive, healthcare model and offering their clients and communities an opportunity for guidance, affirmation, and healing.
Statoil reduced its emissions from 11 kg of CO2 per boe in 2014, partly by divesting its carbon-intensive oil sand operations in Canada in 2016.
CHS is hemorrhaging money and has $14.6 billion of debt that needs to be paid off, so it has set a goal of divesting 30 hospitals.
Campbell, owner of the Prego pasta sauce and Goldfish cracker brands, also said it had begun the process of divesting its international and fresh food businesses.
Australia's largest lender, Commonwealth Bank of Australia is currently in the process of divesting its ownership of Colonial to Japan's Mitsubishi UFJ Trust and Banking Corp.
But his plans did not include divesting his interests or a blind trust, as many critics have called for, citing concerns about potential conflicts of interest.
There are fights worth fighting, [but] for us, this is not one of them and we will be divesting our business over next couple of months.
Abbott has been divesting to focus on its cardiovascular devices and diagnostics business, selling its medical optics division to Johnson & Johnson for $4.3 billion last month.
"Oil groups are divesting mid- and downstream assets and we are ready to invest in some of these, having done two such deals already," Burghardt said.
At the moment, Sony has shown little interest in divesting assets despite flirting with the idea over the three decades it has owned the Hollywood studios.
Even after divesting itself of the stakes in MillerCoors and Snow, SABMiller still provides a significant presence in the African beer market, which continues to grow.
The Japanese drug developer said it had proposed divesting Shire's pipeline compound SHP647, which is currently in Phase III clinical trials, along with some associated rights.
That includes closing Rikers now, and divesting and relocating the funds to the areas where the community needs it the most without building any new jails.
Trump, however, has refused to do so, instead turning over day-to-day management of his companies to his two adult sons without divesting his stake.
For example, removing fossil fuel subsidies and encouraging decentralized energy (like microgrids, for instance); building carbon-neutral cities; and divesting from assets linked to fossil fuels.
And while divesting gun stocks from the pension has been brought up in the debate about guns over the last week, it's not in the works.
"The only way to solve the problems you face remains divesting into a blind trust managed by an independent trustee or the equivalent," the letter says.
We Company, in fact, is slashing spending and divesting secondary businesses as it tries to win back investors' confidence following its botched attempt to go public.
In 2018, Yale's chief investment officer David Swensen argued that divesting was foolish and ultimately unhelpful, because of the role fossil fuels play in daily life.
"To the contrary, Tillerson seemed to act in good faith to reach an agreement divesting himself from his holdings prior to entering the administration," Goldstone said.
The University of California system, which educates more than 280,000 students and employs 227,000 faculty and staff, announced late Tuesday it is divesting from fossil fuels.
First, his office posted a puzzling series of messages on Twitter in late November applauding Mr. Trump for divesting his assets — something he has not done.
In addition to investing far less, Chinese companies are divesting at an unprecedented rate, putting their existing foreign assets, such as real estate holdings, up for sale.
NSF said on Friday that it proposed to simplify Provident, selling off its vehicle finance arm Moneybarn and divesting or shutting short-term unsecured loans business Satsuma.
More widely known is the BDS movement, which calls for boycotts, sanctions on, and divesting from Israel and is modeled after the campaign against apartheid South Africa.
The company increasingly is focusing on exploration and production to increase its oil output capacity by up to 1 million bpd next year, while divesting downstream assets.
Either the author was trying to bait Trump into admitting he's not divesting or was hoping that enough public praise would force him to actually do it.
One person familiar with COFCO's strategy said the company was looking at divesting assets as it integrated Nidera and Noble into the company and fine-tuned operations.
"You also opened new short positions on various holdings that you committed to divesting in your Ethics Agreement, in contravention of that agreement," the OGE letter said.
In a series of over-the-top tweets in December, the office congratulated the incoming president for fully divesting from his businesses — which he had not done.
Though several media outlets report that Beyoncé is divesting from Green and taking 100% of Ivy Park with her, the news has yet to be officially confirmed.
He will also resign from positions at 22 of the business entities from which he is divesting, including giving up his board seats at steelmaker ArcelorMittal ISPA.
The stake, owned by workers' severance fund FGTS, is managed by Brazilian state bank Caixa Economica Federal, which has been divesting from most of its noncore assets.
GE's financing arm has been divesting assets worth billions of dollars since 2015 as part of a plan to shrink itself into a smaller, more focused business.
LONDON (Reuters) - AstraZeneca continued its program of divesting old medicines on Wednesday with the sale for up to $302 million of migraine drug Zomig to Germany's Grunenthal.
And it's not as if this person didn't repeatedly communicate to me the idea that what I was doing was divesting her of a recourse to integrity.
The sale is in line with Commerzbank's strategy of divesting non-core assets to raise capital for its core banking franchise, its chief executive Martin Zielke said.
Les Echos cited a source saying SNCF was prepared to cede control of the two subsidiaries but that there was no question of completely divesting from both.
The company had been in the process of reorganizing John Crane by divesting struggling businesses with an exposure to oil prices, in an effort to boost margins.
Trump has faced criticism for not fully divesting from his business interests when he took office, instead handing over control of his assets to his two sons.
A few years later, Sinclair replicated this strategy in Baltimore, divesting one station to a company called Glencairn, which was jointly controlled by Edwards and Smith's mother.
Instead of divesting, U of T president Meric Gertler announced on Wednesday morning the university would consider environmental, social and governance (ESG) concerns with future investment decisions.
Singapore's CapitaLand said in a Friday statement it would be divesting its stake in companies holding 20 retail malls in China for 8.37 billion yuan ($1.29 billion).
CHASING GLOBAL SUCCESS TikTok is in talks with the Committee on Foreign Investment in the United States about measures to allow it to avoid divesting the Musical.
It was something I never thought I would do and never thought I would have to do, condemning the plan he had announced that day for divesting.
But at the same time, Temasek was in net divestment mode for the fiscal year, investing S$16 billion and divesting S$18 billion in the portfolio.
He noted that as a fixed-income investor, however, he wasn't fully divesting from South Korea as it would be difficult to buy the assets back later.
But diplomats and some lawmakers fear that the U.S. could lose influence around the world under the proposed cuts and have warned against divesting from soft power.
So, this morning I announced we're retaining CBRE to do actually a comprehensive real estate review, but also, to begin the process of divesting that office building.
According to The Wall Street Journal, Catholic Health Initiatives, which runs over 100 hospitals across 18 states, is divesting itself of some of its health insurance plans.
Norway's state energy company is pursuing exploration activities in the far reaches of the Barents Sea even as its sovereign wealth fund considers divesting from fossil fuels.
However, divesting DWS would mean giving up a steady stream of profits and go against Deutsche's goal of shifting its business away from volatile investment banking earnings.
Other Democratic U.S. senators have criticized the president for not divesting his hotel management company and the hundreds of other businesses that make up the Trump Organization.
In addition to investing far less, Chinese companies are also divesting at an unprecedented rate, putting their existing foreign assets, such as real estate holdings, up for sale.
Key risks: Increase in the adoption of carbon taxes; investors divesting from Total due to fears of stranded assets; increases in emissions regulations; extreme weather events impacting operations.
The government of Prime Minister Erna Solberg, in power since 2013, has slightly reduced the state's role in the corporate arena by divesting some stakes in listed companies.
Athletes, coaches, and other members of the academy recalled the divesting moment they heard about the tragic news — and the aftermath the event had on the whole facility.
Ioannis Kokkoris, Chair in Law and Economics at Queen Mary University of London, said divesting Adama was the simplest and cleanest means for ChemChina to address competition concerns.
The decision comes as a growing number of companies and pension funds across the world are divesting assets or companies that generate revenues from fossil fuels, especially coal.
Microsoft may have also been shaken up by the fortunes of Nokia, the struggling handset business that Microsoft once acquired before divesting some years later, at a loss.
For example, P&G announced last year that they were planning on divesting about 100 "non-core" brands in favor of honing their focus on 70 choice brands.
He became known for fielding analyst questions about the company's irregular progress in divesting businesses, satisfying new capital rules imposed by regulators and failing to meet financial targets.
By divesting from ExxonMobil, pension funds send a clear message: Companies that intentionally poison public dialogue, obstruct solutions and fuel climate catastrophe will not receive the public's investments.
The CMA said later that month that divesting almost all of Amec's upstream offshore oil and gas servicing assets may be adequate for regulatory approval for the merger.
Spencer is Trump's second pick for Navy secretary, after Philip Bilden withdrew from consideration for the position in February out of concerns about divesting from his business interests.
Kushner will sell property and stock in Thrive Capital and leave his job at the Kushner organization, in addition to divesting his stake in the New York Observer.
Rometty defended the way she has chosen to run IBM, saying that divesting some business and building new ones has always been part of the manufacturing giant's operations.
As a result of the review, Allergan is exploring divesting its women's health and infectious disease businesses, opting to focus on areas where it has strong leadership positions.
The deal marks another step by Chicago-based Conagra, which has been divesting many of its private label and condiment businesses to become a branded foods-only company.
The leaders unveiled Tuesday what amounted to how-to kits that would allow mayors to follow in their footsteps by divesting from oil, natural gas and coal investments.
On today's moral imperatives for students, the UC recently took the first steps of divesting its direct funds from private prison companies and coal and tar sands companies.
By divesting Rumi of his Islamicness — which is what today's culture seems to demand of him — we miss the significance of his role in the history of Islam.
The bank did not have a comment as to whether it would chose to invest in Bass Pro/Cabela's today, nor whether it would consider divesting its stake.
Possible ways to resolve concerns about Murdoch's influence in Britain could include spinning off or divesting Sky News, or insulating Sky News from Fox's influence, the CMA said.
His lawyer said in a statement in March that Kushner was fully complying with ethics rules, removing himself from active participation in his prior businesses and divesting assets.
Vietnam is divesting hundreds of state-owned enterprises, partly because of the need to fund a budget deficit and amid growing public debt, but progress has been slow.
Perrigo, which also sells consumer healthcare products, said it expected to sustain its high margins by keeping up the pace of new approvals, divesting unprofitable products and cutting costs.
Yes, my good man, though you may be a stranger to me, surely a development of this magnitude is worth divesting your gaze from that archaic medium of communication.
Divesting in animal factory farms is simply good business, but will require major players in the food industry to dedicate resources to developing and marketing plant-based protein substitutes.
Diamondback also disclosed that it sold $322 million worth of acreage in the Permian, divesting some of the assets it acquired when it purchased fellow driller Energen last year.
On the one hand, he's lied about announcing his plans for divesting himself from his business interests, about releasing his taxes and about his support for the Iraq War.
In a note published earlier in January, Barclays analysts wrote that Whitbread had a good track record of divesting businesses however the last significant disposal was 10 years ago.
Although Fitch views actions taken by the company including divesting underperforming assets and consequent debt reduction as positive, continued headwinds in mailing and software contribute to the Negative Outlook.
GE affirmed its forecast for 229 earnings and cash flow, and said it expects to book as much as $230 billion in proceeds from divesting industrial assets this year.
The Boca Raton, Florida-based company is also sharpening its focus on North America by divesting its operation in overseas markets such as Australia, China and parts of Europe.
The close to $600 million proceeds from divesting Opera's consumer business, a transaction that was finalised in early November, will not be used to buy more companies, Boilesen said.
Pouyanne said Total was divesting, monetizing or repositioning in areas where it has a too low market share, and had done so in Switzerland and the UK in 2015.
The Defense Department estimates that it has 22 percent more infrastructure than it needs and that, by divesting itself of excess bases, it could save approximately $85033 billion annually.
Icahn said in a statement that his views on strategy are aligned with those of the company, including on its "expanded transformation plan" that includes divesting some business lines.
The Dudgeon farm was the third offshore wind asset Statkraft sold from this year, after divesting from the Triton Knoll project and the Sheringham Shoal wind farm offshore Britain.
It also blamed a delay in divesting Brazilian non-core energy assets, which it said had been expected to generate a gain of approximately 6 million euros ($6.5 million).
Shell has one of the lowest reserves life ratio among its peers and last year it saw reserves plunging to new lows after divesting a large number of assets.
The company quietly rebranded some time ago to V2 Ventures, and appears to be pursuing a longer-term strategy of divesting many of the businesses that it had acquired.
But Ross said this week that he began divesting his financial stakes last year, after he was confirmed as secretary, to remove any appearance of a conflict of interest.
The stake sales comes as a growing number of companies and pension funds across the globe are divesting assets or companies that generate revenues from fossil fuels, particularly coal.
Ilhan Omar, had planned to visit Israel and the Palestinian territories this month, but the Israeli government banned them over their support for boycotting and divesting from the nation.
While some schools have announced shifts away from controversial investments, others have pointed out that divesting from fossil fuels would probably lead to a significant drop in operating funds.
"We have an obligation to purify that portfolio," Mr. Marchionne said last month during an earnings call with analysts, referring to whether the company was considering divesting business units.
The CMA said possible ways to resolve its concerns about Murdoch's influence in Britain could include spinning off or divesting Sky News, or insulating Sky News from Fox's influence.
In the case of the mega-health insurance mergers, the parties have suggested that competitive concerns from these mergers can be resolved by divesting a number of covered lives.
Over the past few years, Hudson's Bay has been shutting stores and divesting assets to shore up finances and focus on Saks Fifth Avenue and Hudson's Bay in Canada.
It's universally underweight, millennials are divesting, everyone knows the bearish narrative, and I think this is a reminder that you can never get too complacent in your market positioning.
The fund's managers first floated the idea of divesting from oil and gas stocks in 2017 after the country's finances suffered a hit from the drop in oil prices.
Paleozoic lizards could make good parents The fossil suggests that ancient lizard was acting out of "parental care" for the offspring -- divesting resources to improve their young's life chances.
Kimberly-Clark is also considering exiting or divesting some of its low-margin businesses concentrated in the consumer tissue segment, which comprise roughly 1 percent of its net sales.
Firms will also need to certify that the funds meet the definition of illiquid and lay out a plan for divesting or making the investments conform to the rule.
Divesting the software assets will help Dell refocus its technology portfolio and bolster its balance sheet after it agreed in October to buy data storage company EMC Corp EMC.
In a low monotone, Ms. Strong motioned toward a large pile of official-looking papers in various folders that she said proved Mr. Trump was divesting from his companies.
Cryan said the bank continues to look into divesting its German retail bank Postbank, adding an initial public offering was seen as an unattractive option for shareholders right now.
It's been a phenomenal success and really we've been so fortunate and having these investments but we're divesting slowly from them to reinvest and in obviously the core business.
Al Tayyar said it was divesting its investment for 1.78 billion Saudi riyal ($474.64 million) and expected a total profit of 1.34 billion riyals in 2019 as a result.
"Unlike MetLife, Prudential has said that it is not interested in divesting its core retail businesses, which include products that have the most uncertainty related to capital charges," Moody's said.
"There were informal talks, and Scout24 made it clear that they see no upside in splitting itself in two and divesting one of the units," one of the sources said.
The U.S. hedge fund announced a $3.5 billion stake in June and pressed Nestle for actions such as a margin target and divesting its 23 percent stake in France's L'Oreal.
He will resign positions at 22 business entities that he is divesting, including his board seats at steelmaker ArcelorMittal, Bank of Cyprus and chemicals and plastics distributor Nexeo Solutions Inc.
CEO Duncan McCall said the investment is part of a growth round that PlaceIQ raised after divesting itself of its advertising business (which is being taken over by Zeta Global).
Last year, it raised $1 billion from external investors led by Sequoia and now JD.com is divesting its entire 68.6 percent stake for 14.3 billion RMB, or around $2.1 billion.
As part of that transition, the movement's most prominent figures seem to be divesting themselves of the same angry, fringe elements that helped them gain power in the first place.
The fossil fuel divestment campaign has received backing from the UN, mobilized thousands of people around the world to take action and thousands of groups, companies and people are divesting.
It's unclear how Trump would be able to divest himself from an ownership interest in the hotel without either divesting himself from the Trump Organization or cancelling the lease altogether.
The company uses their listed securities portfolio as a source of additional liquidity, borrowing against the shares to make acquisitions, subsequently replenishing the position through debt or divesting the shares.
The Justice Department announced Friday that it has approved the deal between T-Mobile and Sprint that includes divesting some assets to Dish to create a fourth major service competitor.
While GE is focused on shedding its troubled LTC business, it is open to divesting other insurance assets, including structured settlements and other life and disability products, the sources added.
We have to remember that despite divesting some of her assets and selling $36.7 million in assets to comply with ethics rules, Ivanka still owns her clothing and jewelry brand.
PARIS, Sept 22 (Reuters) - Total is looking at divesting its Italian petrol station joint-venture with ERG next year, Chief Executive Officer Patrick Pouyanne told investors in London on Thursday.
Divesting from the dry mills would leave the company with five wet mills, which experts say are more flexible and potentially a savvy way of navigating the torrid market conditions.
ZURICH, Oct 11 (Reuters) - Abu Dhabi investor Aabar is at this time not divesting Zurch-based Falcon Private Bank, the chief executive of the Swiss wealth manager said on Tuesday.
After divesting most if its finance arm, GE Capital, in 2015, the company is paring the business further and could even consider selling it off, the Wall Street Journal said.
Noble, once Asia's largest commodities trading shop, is divesting operations after two years of financial upheaval that knocked down its shares and pushed its credit rating to below investment grade.
The president's son-in-law is divesting his holding in Cadre, a real estate investment venture that sought to profit from opportunity zones, a feature of the 22017 tax law.
And I tried to warn America that if a president can get away with not divesting, everything is fair game for him to do in service of his personal interest.
The trip's itinerary was in harmony with the women's political views: both support boycotting, divesting from and sanctioning (BDS) Israel to protest against and change the country's treatment of Palestinians.
By not divesting his businesses, Mr. Trump invites corruption by signaling that corporations and foreign actors have many ways to curry favor with him and his administration through his family.
The center noted that Ross' public disclosure filings do not account for his divesting 46 assets that he had been required to shed, including interests in the Bank of Cyprus.
Like Harvard, Swarthmore knows that it can divest because it has in the past, from apartheid South Africa, and because numerous institutions have remained unscathed after divesting from fossil fuels.
He oversaw a successful restructuring, including divesting non-core operations resulting in the spin-offs of Covidien, TE Connectivity, ADT Corporation and the merger of Tyco Flow Control with Pentair.
IFP's chief executive Hassan Elmasry told reporters in Tokyo on a conference call the company will convince other shareholders to support its proposal for divesting assets outside Kirin's beer business.
The group has been divesting some assets since its chairman Xiao Jianhua was investigated more than two years ago amid a state crackdown on systemic risks posed by financial conglomerates.
"We're spending a significant amount of our candidate's time in Iowa and South Carolina, but we're not by any means divesting from New Hampshire and Nevada," a campaign aide said.
The best-case scenario might be Norway, whose massive sovereign wealth fund — the world's largest — is divesting from fossil fuels and toward an investment strategy organized around areas like infrastructure.
Thus, Norway's gargantuan $6900 trillion sovereign wealth fund, officially known as the Government Pension Fund Global, had announced that it is divesting from oil and gas and focusing on renewables.
PARIS, Feb 14 (Reuters) - French supermarket retailer Casino , which has been divesting assets to trim debts, said on Thursday it had agreed to sell its contract catering business 'R2C' to Compass.
He added a so-called order book process with selected investors would probably be the "cleanest" process for divesting the stake, which is worth some 13.4 billion Swiss francs ($13.7 billion).
Special items included $1.7 million of net after-tax adjustment for insurance deductibles linked to vehicle damage sustained by hail storms, and $800,000 related to divesting of four stores in Brazil.
This month a group of funds, including from Norway's and Saudi Arabia's, pledged to develop an ESG framework to address climate change; some of them are already divesting from fossil fuels.
Newell has been divesting its non-core businesses such as Jostens, Pure Fishing and Waddington Group to focus on higher-margin consumer products as part of its $9 billion turnaround plan.
Avianca counter-sued in March accusing Mr Kriete of leaking company secrets and trying to scupper the United deal—to force Avianca into a sale, or Synergy into divesting its holdings.
One criticism of impact investing is that it's potentially limiting: Most financial experts recommend investing in a diverse array of companies, and divesting from "problematic" companies could harm an individual's returns.
The United States did not abandon empire, but "reshuffled its imperial portfolio, divesting itself of large colonies and investing in military bases, tiny specks of semi-sovereignty strewn around the globe".
Boosted by strong demand from industrial and mining customers for the past two years, Sandvik is also reaping the rewards of years of restructuring, cost-cutting and divesting non-core businesses.
The company is also in the middle of divesting its $2.673 billion Lamb Weston potato business and sold its spicing and flavoring business for more than $300 million earlier this year.
In Kandarian's letter and a separate proxy filing, the insurer said pretax annual savings would be $800 million when netting out "stranded" overhead costs related to a business it is divesting.
He explained that in each case, he learned after he began divesting in companies that he had been awarded additional shares in the firms as compensation for serving as a director.
Dillon said at the January conference that if Trump sold his brand he would still be entitled to royalties for its use, and so divesting would "exacerbate" potential conflicts of interest.
Sage Group for the last couple of years has been divesting payments and banking assets to focus more on accounting, people and payroll software, which it sells through an SaaS model.
So Shaub tried to reach the president-elect another way — on Twitter, in a frenetic string of tweets congratulating Trump for divesting from his businesses (a promise he hadn't actually made).
The states' complaint also said that divesting Boost would not resolve competitive concerns since Boost would be dependent on another carrier to provide network access, meaning that it is not independent.
The survey, taken in June before Trump's call for companies to quit China, showed a majority of U.S. companies remained committed to the China market and few were divesting existing operations.
The company has radically restructured its business in the last two years by divesting non-core Asian assets and implementing sharp cost cuts to slash debt, shielding itself from takeover offers.
"It starts with a little thing like the president not divesting his financial interests, which sets a tone from the top that goes cascading down through the executive branch," Shaub explained.
Some Google executives have discussed informally "whether the company should consider divesting its third-party ad tech business, according to people familiar with the situation," Ms. Hagey and Mr. Copeland write.
In a statement to Reuters, Fosun said it is "looking for new investors to bolster its businesses in Brazil," but denied any intention of completely divesting from Guide or Rio Bravo.
Petrobras is aggressively divesting non-core assets in a bid to reduce its hefty debt load, which has steadily fallen in recent years but is still above that of its peers.
Community Health said on Monday it is divesting 25 hospitals, which generated about $3 billion of net revenue in 2016, and the company assumes proceeds of $1.5 billion from the sales.
Oil majors including Shell, Chevron Corp and Exxon Mobil Corp are divesting refineries to focus on more lucrative oil production and exploration, leaving room for regional players like YPF to grow.
The board considered a "full slate of strategic options, including optimizing the portfolio, divesting businesses, splitting the company, and pursuing a sale," Campbell's interim CEO Keith McLoughlin said in a statement.
The trial is one among several projects by the Swedish Transport Administration designed to help move the country toward its goal of divesting entirely from fossil fuel–powered vehicles by 2030.
The company said the turnaround plan included among other measures capital raising, divesting non-performing or distressed subsidiaries and the disposal of non-core assets as well as cost-cutting measures.
The financial disclosure forms Kushner filled out to take his gig in the White House were incomplete, and as of last month, he was still in the process of divesting his assets.
The search giant appears to be preparing for the worst on this front: The Journal reports that Google execs have had informal conversations about preemptively divesting their third-party ad tech business.
AIG's announcement of its divestitures came earlier this year in response to pressure from shareholders, including billionaire Carl Icahn, who wanted the company to cut expenses by divesting some of its business.
Institutional investors are increasingly divesting from fossil fuel companies due to the risk their assets will become stranded as tougher emissions cut targets discourage their use and renewable energy becomes even cheaper.
"After a very robust divestiture process, with strong interest from many parties, we have achieved healthy multiples on the stations we are divesting," said Sinclair chief executive Chris Ripley in a statement.
Europe's largest automaker has tasked banks to evaluate options for Ducati and Renk including divesting the two divisions as it aims to streamline operations to help fund a post-dieselgate strategic overhaul.
Green, a retired Army flight surgeon and West Point grad, was tapped in early April as Trump's pick after billionaire Vincent Viola withdrew over issues related to divesting from his financial holdings.
TO, a Canadian specialty pharmaceutical company, is discussing alternatives to a leveraged buyout that include divesting a minority stake to a private equity firm, people familiar with the matter said on Monday.
AXA, the second-largest European insurer after Germany's Allianz, has been gradually divesting from EQH to raise funds to pay for its $15 billion acquisition of Bermuda-based rival XL last year.
ZURICH, Oct 31 (Reuters) - ABB is divesting its stake in two Chinese electrification businesses, the Swiss engineering company said on Thursday, as it presses ahead with reviewing its operations and ditching underperformers.
It is focused on monetizing SPM investments in Canada and Argentina, executives said, and also is in the process of divesting three other business that will generate proceeds of around $1 billion.
" (Emphasis again added.) In conclusion, the trustees "do not believe that a credible case can be made for divesting from the fossil fuel industry until there are competitive and readily available alternatives.
Divesting would also ensure that Mr. Trump doesn't violate the Emoluments Clause of the Constitution, which prohibits American officials from receiving any gifts or income from foreign governments without permission from Congress.
The sale is in line with the German bank's "4.0 strategy", which entails divesting non-core assets to raise capital for the company's core banking franchise, said Commerzbank Chief Executive Martin Zielke.
The fund deviated by divesting shares in strategic assets, Economic affairs minister Mohamed Azmin Ali, a new director of the fund, told parliament on Wednesday, enumerating failed investments it had written off.
For all the invented panic over Republican rule in Washington, note that Mr. Pai is divesting himself of authority and making the agency more responsive to the consumers who pay his salary.
With a new owner in place, WeWork is expected to make sweeping changes to its business, including divesting noncore businesses and focusing on enterprise customers, instead of small and mid-sized clients.
Several of these larger assets are no longer complementary with the Company's future strategic direction, and AT&T must determine whether there is a financially and strategically attractive path to divesting them.
Siemens has been divesting its businesses one by one, avoiding the attention of activist investors who have sought the break up of other industrial giants such as Switzerland's ABB and Germany's ThyssenKrupp.
One of five national pension funds in Sweden, AP1 is the first of them to commit to divesting all holdings in fossil fuel companies, Sara Christensen, a spokeswoman for AP1 told Reuters.
Buried way down in hunter's statement was of course the note that he wasn't divesting himself from his ownership stake in the fund, which has 85033 billion dollars in Chinese capital management.
By divesting, New York joins other investors who have gotten rid of fossil fuel investments in sending a powerful message to the major oil companies: Transition out of your world-threatening activities.
Instead on Thursday, another tweet, in which he said absolutely nothing about divesting himself of his interests and instead blamed the news media for making it an issue in the first place.
That's why, from an investment point of view, there's no necessary contradiction in divesting from coal mines while investing in coal-fired power plants or in financing wind turbines and oil exploration.
Fox welcomed Hancock's announcement, and noted that it had already proposed divesting the platform's 24-hour news channel to Disney regardless of the fate of its bid for the wider Fox assets.
Similarly, both Dutch museums that ended their partnerships with Shell have faced guerrilla demonstrations by organizations like Fossil Free Culture NL, a group dedicated to divesting art in the Netherlands from oil.
Sources close to the firm said it is in the process of divesting almost all of its US portfolio positions, including in portfolio companies like Ripple, and is expected to in Addepar.
LONDON (Reuters) - GlaxoSmithKline is divesting its rare disease gene therapy drugs to private biotech company Orchard Therapeutics as Chief Executive Emma Walmsley makes good on her promise to prune the drugmaker's pharmaceuticals portfolio.
Privately owned Bosch has been investing in technologies such as intelligent systems that cut down on how much power electric cars use, while divesting traditional industrial products such as starter motors and generators.
Gonzalez contended that he had severed all ties with the firm during the negotiations while divesting his equity in the law practice at the time, something he said went beyond what was required.
The proposals in the coming weeks will also include divesting current holdings in fossil fuel companies as part of efforts to reduce carbon footprint in various portfolios, Stringer said in a statement. on.nyc.
Like other big Greek banks, NBG, Greece's second-largest lender, has been slimming down by divesting assets and foreign subsidiaries to focus on banking at home, with proceeds boosting capital ratios and liquidity.
The court also held 4-3 that Novartis could be sued despite divesting itself of Brethine because its failure to update the warning label before the sale could foreseeably cause the children harm.
"Petrobras is still evaluating alternatives for divesting Liquiqas and still adheres to the strategy included in its business plan to completely exit the (liquified petroleum gas) market," Petrobras said in an emailed statement.
The ruling comes as Trump, who has broken presidential precedent by not divesting his businesses and refusing to release his tax returns, faces an array of legal challenges and inquiries over his finances.
The development boosts Campbell Soup's chances of divesting its international portfolio, which includes its Australian cookie brand Arnott's and Danish baked snacks maker Kelsen Group, with one deal, two sources said on Sunday.
Yet, a number of Palestinian leaders, and some in the enabling BDS movement (those who support the boycotting of, divesting from and sanctioning of Israel), are unequivocal in singling out Israel as illegitimate.
Tomorrow has been in the process of divesting some assets since its chairman Xiao Jianhua was investigated more than two years ago amid a government crackdown on systemic risks posed by financial conglomerates.
Immelt may have moved too slowly, but he largely dismantled "the house that Jack built," selling off most of GE Capital, divesting NBC, and spinning off legacy businesses like appliances, plastics and lighting.
Valeant is looking at divesting various products as it tries to reduce its massive debt load, with new CEO Joe Papa open to selling a range of assets if the price is right.
Divesting DirecTV may help AT&T's shares by removing a negative-growth overhang, but a publicly traded DirecTV is likely to have limited appeal to shareholders with its obvious lack of growth prospects.
Nestle is among packaged food companies taking action after seeing sales slow as many consumers prefer fresh foods, reacting by cutting costs, divesting underperforming businesses and increasing efforts to innovate with new products.
"[Donald Trump] must commit to fully divesting himself from all of his business conflicts to ensure that he is not letting his own financial interests affect decisions made by his potential administration," Podesta added.
Development bank BNDES, which is divesting its stake in Petrobras, as the company is known, priced the offering at a 1.57% discount to the Wednesday closing price and raised 22 billion reais ($5.19 billion).
Ex-Uber CEO Travis Kalanick, who once boasted about never selling a share of the company he helped found, is divesting himself of a big chunk of Uber stock, according to Bloomberg and Reuters.
Axios: The Norwegian government recently announced it was divesting its sovereign wealth fund — the largest in the world — from exploration and production companies as a way to make its economy less dependent on oil.
But these tools, sold under the umbrella name Amalga, never really took off and Microsoft ultimately shut down some of the projects and merged others into a joint venture with GE, before eventually divesting.
Divesting the stake in the Kenyan unit is "a natural next step for this business," and is consistent with the automaker's broader goal of refocusing capital on more profitable markets, a GM spokesman said.
Divesting the American renewable assets could appease U.S. regulators but Portugal's government is reluctant to see EDPR split off, regarding it as an integral part of the utility's portfolio, one of the sources said.
In the past, presidents and vice presidents in the past have made strong efforts to comply with its dictates by divesting themselves of their businesses so as not to run afoul of the rules.
Other insurers such as Great Eastern Holdings and Tokio Marine Holdings are also looking to find ways of divesting stakes in their Malaysian units and submit plans to the regulator before a June deadline.
Skanska's new strategy in the U.S. will include divesting operations in the power sector and ending its bidding for mega design-build public-private-partnership projects and engineering, procurement and construction projects, it added.
"We never really thought there would be a buyer for the whole company," Mizuho analysts wrote in a note, stating that Tenet could look at divesting its ambulatory surgery or managed healthcare services businesses.
It's difficult to say exactly how Thiel could navigate that conflict without divesting, given the broad reach of his investments — but there's also a real possibility that he might not navigate it at all.
The support this measure enjoyed among Republicans just might signal an approaching end to the party's decades-long embrace of a campaign aimed at divesting the U.S. of ownership or control of public lands.
Public Service Company of New Mexico wants to phase coal out altogether over the next 212 years, which includes shutting down San Juan Generating Station in 2022 and divesting from Four Corners Power Plant.
Fitzgerald was already under congressional scrutiny for not divesting certain stocks that created a conflict of interest for her before, and she'd been recusing herself from various aspects of the CDC's operations for months.
By divesting non-core assets; reducing operational inefficiency; instituting capital discipline and aggressively de-levering; and enhancing leadership and oversight, AT&T can improve its business and deliver historic value creation for all stakeholders.
The Constitutional Court suspended him from taking his seat in Parliament last week after the Election Commission filed a case accusing him of not divesting his shares in a media company before a deadline.
And earlier this week, the group also confirmed that LVMH was divesting itself of a minority stake in Edun, the eco-friendly fashion label started by the singer Bono and his wife Ali Hewson.
Shareholders also successfully submitted proposals on whether the second-largest U.S. bank should toughen claw-back provisions for executive pay, consider divesting some of its assets and prepare a report examining gender pay equity.
Just as Mr. Trump shrugged off the long-established practices of releasing tax returns, divesting assets that could create conflicts of interest and disclosing medical records, his cabinet picks might choose to muscle through.
In the long term, Chief Executive Andrew Witty believes the shift will create a sustainable and less volatile business, but some investors believe he could unlock value by divesting the non-prescription consumer healthcare unit.
Commerzbank Chief Executive Martin Zielke said the sale of the unit was in line with the German bank's "4.0 strategy", which entails divesting non-core assets to raise capital for the company's core banking franchise.
Anglo American said in February that discussions were underway about divesting its Moranbah and Grosvenor assets, as part of its plans to sell $3-4 billion of assets this year in order to cut debt.
Government watchdogs say the couple's financial interests underscore the ethical minefield they created two years ago when they became two of the closest advisers to the president without divesting from their extensive real estate investments.
Divesting the industrial gas engine business, which includes the Jenbacher and Waukesha engines, would help streamline GE's power division, whose profit plunged 45 percent last year as sales of power plants and services fell sharply.
Green, a retired Army flight surgeon and West Point grad, was tapped in early April as Trump's pick for Army secretary after billionaire Vincent Viola withdrew over issues related to divesting from his financial holdings.
Macquarie, in a separate statement, said its Macquarie European Infrastructure Fund 2, which held most of the stake, was divesting as it approaches maturity and the deal would end the group's involvement with Thames Water.
Only a few foreign banks still hold minority stakes in Chinese banks, with some divesting their stakes in recent years - due to operational difficulties and because organic growth prospects no longer justified the capital commitment.
Cohn also reported more than $1 million in income from the Industrial and Commercial Bank of China — something the White House has said he is in the process of divesting along with his Goldman holdings.
The core proposals aimed at spreading employee ownership—government-guaranteed loans for ESOP sales, for example, or incentives for corporations that are divesting divisions to sell to an ESOP—wouldn't generate a lot of headlines.
Elizabeth Warren, a 2020 Democratic presidential candidate, have called on Google to "unwind" by divesting itself of major acquisitions like its Waze map service, its Nest smart-home hardware company, and its DoubleClick advertising platform.
" Ehnes pointed out that as a result of CalSTRS divesting its firearms investments several years ago, it "no longer has investments in companies that manufacture weapons and ammunition illegal for purchase or use in California.
After divesting Fox's regional sports networks and agreeing to divest other assets up to $1 billion of earnings before interest, tax, depreciation and amortization, Disney's acquisition could be a lot easier for shareholders to swallow.
In Michigan, where Democrats also won the governor's and attorney general's offices last month, the Republican-controlled legislature is debating divesting powers from both offices, including the attorney general's oversight of state campaign finance law.
When the initial complaint was filed in April 2011, the school had been trying to address brewing tensions over the B.D.S. movement — which advocates boycotting, divesting from and sanctioning Israel — that was roiling college campuses.
Norway's Sovereign Wealth Fund — the world's largest such fund — announced earlier this year it was divesting from exploration and production companies, like Continental Resources or Devon Energy, not major oil companies like ExxonMobil or Shell.
As someone who has worked with many institutional investors divesting and protecting their assets from fossil fuels, I can say with certainty that change will not happen in time if we continue business as usual.
As an alternative to a takeover deal, Deutsche Bahn could pursue a minority stock market listing of Arriva in view of completely divesting the unit at a later stage, Tagesspiegel quoted the CEO as saying.
Trump, a businessman who came to Washington promising to "drain the swamp" of corrupting influence, has been criticized for not divesting from his own private businesses or releasing his tax returns, a break from precedent.
The California Public Employees' Retirement System board on Monday voted against a proposal to move towards divesting its investments in assault rifle retailers and wholesalers, saying the move would do little to reduce gun violence.
LEVERKUSEN, Germany, April 12 (Reuters) - Bayer will look into divesting its animal health unit if it continues to struggle to find takeover targets to bulk up the division, the German drugmaker's incoming chief executive said.
Earlier this month, the California Public Employees' Retirement System board rejected a proposal to move toward divesting its investments in assault rifle retailers and wholesalers, saying the move would do little to reduce gun violence.
In addition, Catholic health care systems and hospitals — like Dignity Health in San Francisco and SSM Health in St. Louis — are similarly divesting from fossil fuels and pursuing the greening of their facilities and practices.
But he really doesn't seem to like doing any of the stuff that goes along with it -- living in the White House (not enough gold), receiving intelligence briefings (not enough Ivanka), divesting his business assets (Now?
The lawsuit argues, however, that the rollout of 5G networks will occur even without the merger and that divesting Boost Mobile will not be enough to address the harms to competition potentially caused by the deal.
Of course, Disney is trying to complete a $71 billion deal of its own (though that could be $30 billion less or more after selling its Sky stake to Comcast and divesting Fox's regional sports networks).
"[H]ealth care organizations, medical schools, and individual physicians ... can align their financial power with their mission of protecting health by divesting their retirement portfolios and endowments from the fossil fuel industry," Solomon and LaRocque write.
Newell Brands, owner of popular brands such as Elmer's glue, Crock Pot cooker and Yankee candles, has been divesting its non-core businesses after more than doubling in size following its 2016 acquisition of Jarden Corp.
Another financial group, Tomorrow Holdings, is also in the process of divesting some of its businesses after its chairman, Xiao Jianhua, a billionaire with links to China's Communist Party elite, was put under investigation last year.
The mining firm said in February that discussions were underway about divesting its Moranbah and Grosvenor assets, as part of its plans to sell $3-4 billion of assets this year in order to cut debt.
His ideas include selling its 23 percent stake in L'Oreal and using the proceeds for M&A or share buybacks, reorganizing into three internal units, and divesting businesses that make up to 15 percent of sales.
The materials sector fell the most, with Anglo American dropping more than 5% after the mining company's biggest shareholder billionaire Anil Agarwal said he was divesting the nearly 20% stake he had been holding since 2017.
The bank is considering options for Kairos - including divesting it, forming a partnership or keeping it and trying to improve profitability - and intends to make a decision soon, outgoing Chief Executive Bernhard Hodler said on Monday.
The materials sector fell the most, with Anglo American dropping more than 4% after the mining company's biggest shareholder billionaire Anil Agarwal said he was divesting the nearly 20% stake he had been holding since 2017.
Julius Baer said last week that the bank was considering options for Italian subsidiary Kairos - including divesting it, forming a partnership or keeping it and trying to improve profitability - and intends to make a decision soon.
The Wall Street Journal reported that Lampert, whose hedgefund owns a majority of Sears's shares, is hoping to secure a restructuring of the company's debt, which would include the company divesting from its Kenmore appliance brand.
Chinese firms have been divesting from North America at a rapid rate amid this tightening campaign, with $9.6 billion of completed divestitures in the first half of 2018 and another $5 billion pending, the report said.
In the letter, Wyden said his committee has not received any notice of Mnuchin divesting his interests in RatPac-Dune Entertainment Holdings LLC, which he agreed to do in January within 120 days of his confirmation.
Shaub, who until Wednesday served as the director of the Office of Government Ethics, attributed the problem with the White House ethics program to the tone Trump has set by not divesting from his business interests.
Hudson's Bay has been shutting stores and divesting assets, including its Lord + Taylor department store business, to shore up finances and focus on its luxury department store chain Saks Fifth Avenue and Hudson's Bay in Canada.
Both companies have sought to address competition concerns, with UTC selling a military-focused GPS unit from its subsidiary Collins and Raytheon divesting an airborne tactical radios unit to British defence company BAE Systems last week.
In recognition of the moral imperative of divesting from private prisons, in December 2015, the University of California divested $21625 million ​from the country's largest private prison companies (Corrections Corporation of America, GEO Group and G2900S).
It has also spread around the world, with 688 institutions and nearly 60,000 individuals in 76 countries divesting themselves of shares in at least some kinds of oil, gas and coal companies, according to the report.
A sale of the refinery could bring Petrobras closer to its goal of divesting up to $21 billion in assets by the end of 2018 as it tries to cut debt and focus on core activities.
The most frequently mentioned example of a president divesting from his business interests before taking office is Jimmy Carter, who famously put his family peanut farm in a blind trust before he was inaugurated in 1977.
On Wednesday, Mayor Bill de Blasio announced that the city, in addition to (potentially) divesting $5 billion in pension funds, was taking take five oil companies—BP, Chevron, ConocoPhillips, ExxonMobil, and Royal Dutch Shell—to court.
MIKE SANTOLI: You mentioned with regard to a couple of companies, Molson Coors-- as well as-- I think, Albemarle, the M and A-- side of things, so in other words, divesting divisions, or perhaps doing an acquisition.
"Shuttering a charity is no substitute for divesting from his for-profit business and putting the assets in a blind trust — the only way to guarantee separation between the Trump administration and the Trump business," he added.
Fitch views Naspers implementing its strategy of 'optimising returns' by divesting low margin business as well as funding the recent acquisition of Avito through equity as signs of rationalisation in the portfolio and commitment to leverage metrics.
The company is divesting non-core assets, and said it had advanced the sales process for its lubricants business, as well as starting the sales process for some assets and liabilities related to its renewable energy business.
By not fully divesting himself from his business holdings before taking office, Trump showed he has little interest in setting a high ethical standard for his administration, or even in avoiding the appearance or reality of corruption.
CalPERS staff said that while divesting stocks of companies involved in the project may reduce stakeholder perception that the fund's investments contribute to climate change, the move would limit CalPERS ability to change corporate behavior through engagement.
The British-based drugmaker has been divesting peripheral products to help pay the bills as it invests in new medicines, while taking a profit hit from the loss of patent protection on a raft of former blockbusters.
Brazil's antitrust authority said the merger of AT&T and Time Warner should not be allowed to go through unless the companies agree to changes, such divesting certain assets, to prevent the combined company from hurting competition.
At the same time, it will divest its current exposure to the coal sector of around 2 billion euros by selling equity stakes and exiting bond investments by bringing them to maturity or even divesting before maturity.
By completely divesting from his business, Trump could take the target off of all his properties, reduce potential outside pressure and likely save the lives of individuals who live, work or visit his properties across the globe.
The secretary also said in another statement that he had been in the process of divesting his holdings in Navigator when he discovered he had shares in the company that he didn't know about, the Times reported.
Public opinion polls, including the most recent annual Conservation in the West survey conducted by Colorado College, consistently show that most westerners, like Americans elsewhere, strongly resist divesting the U.S. of ownership or control of public lands.
Shedding the remaining, mainly U.S.-based lighting business is part of a broad restructuring plan aimed at divesting $20 billion worth of assets to focus the remaining company on three core divisions: power, aviation and health care.
WASHINGTON (Reuters) - U.S. President Donald Trump is flirting with unparalleled violations of the Constitution by not divesting himself from a hotel management company that benefits financially from public pension fund investments, according to two Democratic U.S. senators.
ConocoPhillips, which has been divesting assets to focus on its U.S. shale base, had in October posted a quarterly profit that beat analysts' estimates, primarily as higher shale production offset lower crude prices and higher exploration costs.
A few spaces away, a seller had hundreds of Star Wars toys, which came from his personal collection and became a job when he got laid off from work and his wife told him to start divesting.
The big picture: Health insurers have been divesting products that have less to do with actual medical care and instead combining with companies that sell drug benefits Yes, but: That money isn't resulting in lower health premiums.
The pipeline for potential deals in his group is the highest it's ever been, Richert said, and his bankers are increasingly being called to examine companies' capital plans and offer strategic possibilities like divesting non-core businesses.
ConocoPhillips, which has been divesting assets to focus on its U.S. shale base, had in October posted a quarterly profit that beat analysts' estimates, primarily as higher shale production offset lower crude prices and higher exploration costs.
With China divesting itself of the mining industry, the enormous amount of electricity soaked up by professional hardware and diminishing return on investment suggests the margins these companies operate on will be razor thin—and trending towards nonexistent.
Donald Trump would not remove conflicts of interest by transferring his businesses to his children, and the president-elect should follow tradition by divesting or establishing a true blind trust, the Office of Government Ethics said this week.
It is also becoming more activist in the approach to its portfolio, divesting from those seen as grossly corrupt and flagging concerns over companies' misuse of water and energy, or any risk that they benefit from child labour.
Instead of publicly divesting from his assets and placing them in a blind trust, as has been standard practice for presidents in both parties for 40 years, Trump announced last week that he retain ownership of his businesses.
Cohn also reported more than $1 million in income from the Industrial and Commercial Bank of China; the White House has said he is in the process of divesting from that bank, as well as his Goldman holdings.
NEW DELHI (Reuters) - India's embattled Sahara conglomerate is close to raising about 53 billion rupees ($780 million) by divesting assets, a lawyer for the group said, as part of its efforts to free its jailed founder Subrata Roy.
Elliot and Bluescape also raise the prospect of divesting four businesses: wind and solar power firm Sempra Renewables; Mexican natural gas transportation firm IEnova; Luz del Sur, Peru's largest electric utility; and Chilquinta Energia, Chile's third-biggest utility.
As Canada's biggest university adds itself to the growing list of institutions rejecting the idea of divesting from fossil fuel companies, students leading divestments campaigns on campuses across are vowing to adopt stronger measures to achieve their goals.
"If he had divested, we wouldn't be in this predicament, but even without divesting, he could put the public first and ensure that government officials minimize their spending at his properties... but he hasn't done that," Clark said.
"It's hard to see how you can go down that route without at some stage divesting yourself of a semblance of a self-governing authority," said Daniel Levy, the London-based president of the U.S./Middle East Project.
Plenty of funds make environmental impact a factor in stock assessments, but few have proclaimed loudly that greenhouse gas emissions are a primary concern, and that has been a problem for investors committed to divesting from fossil fuels.
In a separate statement, Mr. Ross, 80, said he had been in the process of divesting his holdings in Navigator when he discovered shares he did not know he had in an account set up by the company.
"We started making changes in July to how data was collected and processed through an explicit opt-in request, and by divesting 35% ownership, prior to significant media coverage on the topic," the spokesperson said in an email.
Divesting from coal, an industry in the midst of a long-term decline, has proved to be relatively straightforward, and recent drops in the prices of oil and gas have hurt the fortunes of those industries as well.
It said a bank would qualify for an extension as long as it demonstrated meaningful progress in divesting illiquid funds, had a sufficient compliance program and the Fed was not concerned it was trying to evade the law.
Shell, which has been slowly divesting its Woodside holding, initially said its Shell Energy Holdings Australia Limited (SEHAL) unit had struck a deal with two investment banks to sell 223.08 million Woodside shares for A$9.53 ($29.5) apiece.
They argued that divesting could prevent the university from doing business with the state of Michigan, which had just passed a law forbidding entities financed by the state to contract with anyone who boycotts or divests from Israel.
These business leaders have all poured money into groups backing successful campaigns for Oakland school district board members who support a "portfolio model" that uses private-sector-style governance to run public education, including divesting funds from underperforming schools.
Experian said it had started the process of divesting its email/cross-channel marketing business - the largest part of its marketing services unit - after a strategic review showed "fewer" synergies between the business and the rest of its portfolio.
Siemens has been divesting its businesses one by one, avoiding the attention of activist investors who have sought the break up of other conglomerates, particularly in German-speaking nations where employees and customers traditionally receive equal consideration to shareholders.
China's conditions for approval include divesting Dupont's research and development department as well as assets related to pesticides and herbicides used in rice, such as metsulfuron-methyl, azimsulfuron, cyantraniliprole and chlorantraniliprole and indoxacarb, the ministry said in a statement.
Like several other Australian companies, Wesfarmers failed to replicate its domestic success in the UK by misjudging that market, and the failed deal raises questions about the company's new strategy of divesting Coles to pay for higher-growth investments.
"We call on PS1 to stand by its stated mission and, together with MoMA, take a truly radical position by divesting from any trustees and sources of funding that profit from the suffering of others," the open letter reads.
Divesting themselves of their ownership stakes in the companies or the securities their companies control might be more complicated than simply selling Exxon Mobil or Goldman Sachs stock, but their tax deferral benefit on the sales would be legendary.
"For all the invented panic over Republican rule in Washington, note that Mr. Pai is divesting himself of authority and making the agency more responsive to the consumers who pay his salary," the Wall Street Journal editorial board wrote.
With the business moving towards green energy – it said it would be coal free by the year 2023 – and divesting its upstream oil and gas business, it said that its old name was "no longer suitable for the company."
It shed its designation as a non-bank systemically important financial institution after divesting most of its GE Capital business, a change expected to free about $18 billion in capital, which GE had pledged to return to shareholders through buybacks.
HRC divesting from Wells Fargo would give them a chance to say what lots of folks have been saying within trans and queer communities for years: that it's not possible to separate trans and queer liberation from broader struggles against injustice.
The company, which has been divesting non-core assets to pare its debt and become a pure-play U.S. oil producer, also cut its full-year capital expenditure guidance by $50 million to a range of $433 billion to $1.9 billion.
Throughout his campaign and through his first few months as president, Trump has said he would distance himself from his Trump Organization and hand it over to his sons in lieu of divesting entirely, as ethics experts say he should.
On a call with analysts following the report, CEO Bob Iger confirmed Disney has discussed the possibility of Comcast divesting its stake in Hulu as well and said there would likely be an agreement over keeping programming on the platform.
Power producer NRG Energy on July 12, 2017, announced a transformation plan to raise $2.5 billion to $4 billion by divesting 50% to 100% of its renewable energy business, aiming to remove $13 billion in debt from its balance sheet.
LONDON (Reuters) - Ireland committed to divesting public funds from fossil fuel companies on Thursday after parliament passed a bill forcing the 8.9 billion euro ($10.4 billion) Ireland Strategic Investment Fund (ISIF) to withdraw money invested in oil, gas and coal.
"Divesting a commodity business for 10 times EV/EBITDA at this point in the cycle is impressive," said Bernstein analyst Gunther Zechmann, citing expected 2019 earnings before interest, tax, depreciation and amortization (EBITDA) for the unit of 279 million euros.
The company, which has been divesting non-core assets to pare its debt and become a pure-play U.S. oil producer, also cut its full-year capital expenditure guidance by $50 million to a range of $1.8 billion to $433 billion.
KEY RATING DRIVERS Transition to Pure-Play, Branded Packaged Food Firm: Conagra has transitioned to a pure-play, branded packaged food company over the course of 2016 and 2017 by divesting and spinning off its private brand and commercial businesses.
The world's largest independent oil and gas producer has been divesting its non-core assets to focus on its U.S. shale assets and earlier this month, agreed to sell its northern Australian business to partner Santos Ltd for $1.39 billion.
"Once they have got their debt levels down to a more tenable level with the cash coming in from the companies they're divesting, then we could be looking at a reinstatement of dividends in 12 to 18 months time," he said.
The revelation from the normally secretive federal agency came Wednesday in a bizarre series of oddly informal postings on its Twitter account after officials apparently concluded, erroneously, that Mr. Trump had committed on his own Twitter account to divesting his assets.
But California's Public Employees Retirement System, the largest U.S. public pension, voted against a similar proposal to sell stakes of rifle sellers, saying it could use its influence as a major shareholder more effectively than sending a message by divesting.
As we pointed out last week, Walmart divesting its stake in Asda in the UK to Sainsbury's would pave the way for the company to make a bigger move in India, and that seems to be what has happened here.
Kushner's original sin of not fully divesting from his family business makes him an easy mark for conflict of interest charges — just today there's another one — given that his job does require that he meet with captains of industry like Harris.
"Divesting from fossil fuels is an efficient way for the fund to manage the financial risk associated with a transition in line with the Paris agreement," Urban Hansson Brusewitz, chairman of the Swedish fund AP1, said in a statement on Monday.
The company said it's divesting from companies that generate more than 25% of their revenue from thermal coal production — or coal used for power production — from its actively managed portfolio, which it hopes to complete by the middle of 2020.
Restructuring, liquidating or divesting SOEs based in commercial viability is a top priority, the fund instructed, adding that state utility Eskom must "speedily pursue savings in coal procurement and employee attrition" along with aligning wages with productivity and collecting arrears.
The result of the review is a plan to raise $2.5 to $4 billion by divesting 50 to 100 percent of its NRG Yield renewable energy business and some of its conventional energy assets, which includes coal and natural gas plants.
Jack in the Box, a U.S. hamburger restaurant chain with more than 2,000 restaurants, is exploring options that could include a sale of the company after divesting its Qdoba brand earlier this year, people familiar with the matter told Reuters on Thursday.
Telecom: The DOJ is poised to approve a mega-deal this week that would allow mobile giants T-Mobile and Sprint to merge, while divesting enough of their assets to Dish Network Corporation to become the new fourth major U.S. mobile provider.
THE WALL STREET JOURNAL Lexmark Considers Breaking Up Business | The printing services company Lexmark International is considering the possibility of divesting its hardware and software assets separately to revive interest in its sale process, Reuters reports, citing people familiar with the matter.
The only major blemish on the FTSE 100 was a 4.1% drop in Anglo American after its biggest shareholder Anil Agarwal said he was divesting all of his near 20% stake, and as copper prices fell after the ECB dampened rate cut hopes.
Miners, however, weighed on the main bourse with a 4% drop in Anglo American after its biggest shareholder Agarwal said he was divesting the nearly 20% stake, and as copper prices fell after comments from the European Central Bank dampened rate cut hopes.
Ethics experts hailing from both parties have been insistent that the only way Trump can protect himself from questions of conflicts of interest is by divesting completely from all his assets, as has been standard practice for presidents for the last four decades.
Divesting from Founders Fund would be slightly simpler, and presumably there would be plenty of outside investors willing to buy his stake in the firm — but with Airbnb and SpaceX both approaching rumored IPOs, it could still cost Thiel a significant payday.
She is not interested in divesting married couples of their bevy of privileges, nor does she believe in diminishing these relationships as less precious or meaningful—after all, as a graduate of divinity school and a preacher, she officiates quite a few weddings.
The FCC said in July Sinclair "did not fully disclose" facts about the merger, raising questions about whether the company had "attempted to skirt the commission's broadcast ownership rules" and would, in fact, actually control the stations Sinclair said it was divesting.
The faster route to debt reduction would be divesting pieces of large state-owned companies such as oil major Eni and utility Enel, but this has been ruled out by 5-Star, the senior government partner, which views them as strategic assets.
"He added: "With its financial health improving and global market under pressure, we expect LHN will further consolidate its business by divesting low-growth non-core businesses and acquiring growth businesses in other countries, making for a mid-term re-rating catalyst.
" Thunberg said companies and governments would have to comply with cutting emissions and divesting from fossil fuels or be forced to explain to their children why they were giving up on the global warming target of 1.5 degrees Celsius "without even trying.
"With close to half the global reinsurance market divesting from coal, the world's ultimate underwriters of risk clearly see no future for a fuel which is the biggest single source of carbon emissions," said Peter Bosshard, coordinator of the Unfriend Coal campaign.
TOM O'HARE Charlestown, R.I. To the Editor: Terrifying as a Trump presidency is for our country and the world, the North Carolina Republican-majority Legislature's divesting the newly elected Democratic governor of his normal powers should also stop us in our tracks.
The Department of Justice may have ruled Kushner's hire as not being in violation of anti-nepotism laws, but Ivanka, despite divesting some of her assets and selling $36.7 million in assets to comply with ethics rules, still owns her clothing and jewelry brand.
Harvard thus far has been resistant, arguing that divesting is a political action it wants to avoid, that fossil fuels will remain an important part of the global economy for years, and that it does a better job of changing corporate behavior as an investor.
"There is considerable evidence that divesting is an ineffective strategy for achieving social or political goals, since the consequence is generally a mere transfer of ownership of divested assets from one investor to another," staff said in its recommendation, which was published on its website.
Hudson's Bay is also open to divesting Lord & Taylor, but considers this outcome unlikely given the scarcity of potential buyers that would pay top dollar for it amid the retail sector's malaise, according to the sources, who asked not to be identified discussing confidential deliberations.
Bloomberg reported in December that Angolan state-owned diamond company Sodiam was divesting a stake in De Grisogono, controlled by the husband of the former Angolan president's billionaire daughter, as the country's new leader untangled it from the business interests of his predecessor's family.
Miners, however, weighed on the main bourse with a 5.4% drop in Anglo American after its biggest shareholder Anil Agarwal said he was divesting the nearly 20% stake, and as copper prices fell after comments from the European Central Bank (ECB) dampened rate cut hopes.
It's also made a point of divesting some of its CRM business, such as when it sold its CRM and BPO business to Synnex in 2013 for $1.2 billion, but it's also been the subject of some speculation, specifically around whether it might acquire Salesforce.
Stada is expected to be among the suitors for a portfolio of drugs for sale in western Europe that Japan's Takeda Pharmaceutical is divesting to trim its debt following the $59 billion purchase of Shire, sources close to the matter told Reuters last month.
Before investing or divesting, the key is to examine traditional sector-rotation analysis to determine whether it still holds up in light of the current tech environment and to be aware of how tech advancements and evolving consumer preferences might affect a given sector.
Deutsche Bank analyst John Inch, who has a "sell" rating on GE with a price target of $18, said bulls had expected the company to move toward outright dismantlement of its portfolio, but GE stuck to the framework of divesting $20 billion in assets.
"After two hours of discussions, Bauce put his fist on the table and said that, instead of first seeing if divesting was possible before committing, the university should make the commitment first and then find a way to achieve their goal," the post said.
Unsurprisingly, to shore up cash, cut out the underperforming parts of its business, and capitalise on what has been working or is appealing to strategic investors, Rocket Internet has been gradually divesting some of its holdings in the GFG and other businesses across its portfolio.
Not straying too far from reality, SNL's version of Trump's press conference poked fun at Trump scolding BuzzFeed and CNN, as well as Trump's gesture of showing off a bunch of papers in folders as a symbol of how he's divesting his business holdings.
Apparel retailer Nine West Holdings and its creditors are close to finishing a deal to restructure more than $1 billion of debt, which includes filing for bankruptcy and divesting parts of the business, Bloomberg reported Wednesday, based on conversations with people familiar with those talks.
The billionaire investor, who made much of his money investing in troubled companies, said in a filing released on Tuesday that he will seek to sidestep potential conflicts of interest by divesting at least 80 assets and investment funds over the next several months.
Though Ms. Bloomfield is in the process of divesting from the Spotted Pig and is not liable for payments under the settlement, she still owns between 20 and 25 percent of the business — a figure in dispute between the two, the attorney general's office said.
Having sold two travel vaccines to Bavarian Nordic for up to 955 million euros in October, the British group is looking into divesting more pharmaceutical assets, starting with a review of its prescription dermatology business with about 200-300 million pounds in annual sales.
" Herbert Slatery, the Tennessee attorney general, said the plan "would secure billions of dollars nationwide to go toward addressing the devastating effects of the opioid epidemic and will result in the Sackler family divesting themselves of their business interests in the pharmaceutical industry forever.
NEW YORK/RIO DE JANEIRO, Dec 4 (Reuters) - Brazilian state-run oil firm Petrobras expects to increase its equity value by roughly 45% by 2021, in large part by cutting costs and divesting non-core assets, it said in a presentation released on Friday.
In divesting Brighthouse, MetLife's total equity dropped by about 20 percent, and analysts have cautioned that it may not earn enough in the first three quarters of this year to offset the $2.1 billion net loss it reported for the fourth quarter of 2016.
The issue of marijuana legalization has become another divide in the 2020 pool of candidates, along with Medicare for All and a Green New Deal, which seeks to overhaul the U.S. economy by divesting from fossil fuels and investing in green jobs and infrastructure.
Ethics watchdogs say the measures Ivanka is taking in both divesting and selling assets are "better than nothing," but are still weak in the face of blatant ethics violations by her father, whose hotels and golf courses continue to engage in business with foreign and national groups.
The latest move comes after BOC Hong Kong last year raised about $10 billion by divesting its holding in Hong Kong-based banks, and said a part of the proceeds would be used to expand its presence in ASEAN (the Association of South East Asian Nations).
Shares rose nearly 7 percent earlier in the day, but trimmed those gains slightly when Reuters reported that the firms are focused on acquiring some software assets that Hewlett Packard Enterprise has been considering divesting, worth between $6 billion and $8 billion, rather than the entire company.
Instead of divesting himself of his businesses or placing them into a blind trust before taking office, Trump passed control to his two sons and a senior Trump Organization executive — a move ethics experts said did not go far enough in addressing potential conflicts of interest.
Konecranes said it will immediately start the process of divesting Stahl, its Germany-based crane component maker, as required by the EU. For more on the company, click The Danish jewellery maker is expected to report a 28 percent increase in second-quarter operating profit on Tuesday.
Shareholders also submitted proposals urging the bank to consider divesting businesses, prepare a report on the gap between what it pays men and women and adopt a policy on the rights of indigenous people in light of its involvement in financing the controversial Dakota Access Pipeline.
Emanuel's push to assert Chicago's "world-class" status has long invited critics who argue many of the development initiatives from the mayor's office have focused on areas that already serve the city's wealthier class while divesting from low-income neighborhoods most in need of revitalization dollars.
"By divesting from nuclear weapon producers, we can make it harder for those that profit from weapons of mass destruction and encourage them to cut the production of nuclear weapons from their business strategies," ICAN's executive director Beatrice Fihn wrote in the introduction to the report.
The Green New Deal is the only major U.S. policy idea that focuses on divesting from fossil fuels on a massive scale to address the escalating crisis of climate change, which scientists say will become irreversible in just 11 years and lead to global disastrous consequences.
Harvard and Yale thus far have been resistant, arguing that divesting is a political action they want to avoid, that fossil fuels will remain an important part of the global economy for years, and that endowments do a better job of changing corporate behavior as investors.
De Blasio also committed to fully divesting the city from fossil fuels by 22018 (although City Hall said the Comptroller's Office has yet to hire a consultant to make specific divestment plans), and invested over $20183 billion in affordable housing, which not only people's lives but reduces urban sprawl.
To help bring the fiscal deficit meet a target of 3.2 percent of gross domestic product during the year to March 2018, the government aims to raise 725 billion rupees by divesting some of its stakes in state-run companies and private firms in which it holds minority stakes.
"Companies are continuing to use M&A in order to evolve and grow, but at the same time divesting assets to narrow their strategic focus and channel their funds to core areas," said Allison Schneirov, a partner who heads the New York-based mergers and acquisitions group at Skadden.
The secretary noted that he had been in the process of divesting himself of known stakes in the companies before becoming aware of the fact he had been awarded additional small stakes in each of the five firms as a benefit of having served on their boards of directors.
Respondents in energy producing states like Texas said they would actively oppose divestment, with 88 percent of respondents saying they would actively oppose divesting from oil and gas companies, and large majorities registered the same position in Pennsylvania (77 percent), Ohio (71 percent) and New York (72 percent).
Other Trump military picks have withdrawn their nominations, including two for Army secretary: Vincent Viola withdrew his name out of concerns about divesting from his financial holdings, while Tennessee state senator Mark Green (R) withdrew his nomination amid fierce opposition over past comments about LGBT issues, Islam and evolution.
The senators' request includes asking the inspector general to determine the "true value" of Ross's personal wealth, if he has complied with his ethics agreement including divesting his assets, if the agreement is adequate and if senior Commerce Department officials have been allowed to serve despite conflicts of interest.
RATING SENSITIVITIES IDRS, VR AND SENIOR DEBT A further upgrade of Kutxabank's ratings would be contingent on a sovereign upgrade, combined with marked and consistent improvements in the bank's asset quality and earnings as well as further progress in divesting equity investments, thus reducing market risk and risk concentration levels.
Beyond not divesting his assets and creating a not-at-all blind trust, Dillon announced that the Trump organization would not remove itself from the sticky issue of foreign leaders paying to stay at Trump hotels, opting instead to funnel foreign payments to those hotels directly to the United States Treasury.
The Hoboken, New Jersey-based Newell has been divesting its non-core businesses after more than doubling in size following its 2016 acquisition of Jarden Corp and announced the sale of its Processing Solutions business to private equity firm One Rock Capital Partners LLC for about $500 million in March.
Vincent Viola, Trump's initial pick for Army Secretary, previously withdrew over issues related to divesting from his financial holdings, and Philip Bilden, Trump's pick for the post, also withdrew because he was not able to satisfy the Office of Government Ethics' requirements for divestment without "undue disruption" of his assets.
These diverse and at times disparate communities represent a potential new political force that will fight for legal protections, new tax and regulatory structures, diverting, public subsidies away from predatory firms and industries and by divesting the pension investments of workers and retirees away from Wall Street firms attacking their communities.
He then propped open a door to allow in about 30 other protestors, who held a sit-in calling for, among other things, divesting from fossil fuels, paying university workers a minimum wage of $15 an hour and ending what they termed the "racist and opaque policing practices" of the university's police force.
Divesting from the CIM fund would likely force the public pension funds to sell their CIM shares at a loss, said Tom Lopez, the chief investment officer of the Los Angeles Fire and Police Pensions, one of the pension funds in the CIM fund, which is also known as a real estate partnership.
Among the long list of Saudi reprisals include expelling the Canadian ambassador from Riyadh, recalling Saudi students in Canada, stopping all new business contracts with Canadian firms, effectively telling domestic businesses to stop purchasing Canadian products, divesting from Canadian assets in Saudi financial holdings and stopping Canadian wheat shipments into the kingdom.
With the proxy fight behind it and Clouse at the helm, Campbell can lean into its plan to turn the company around by bolstering its most popular brands, focusing on its core US business and divesting from its international line and Campbell Fresh — which includes Bolthouse Farms juices, carrots and salad dressings.
In 2011, eBay purchased GSI Commerce for $2.4 billion, at the same time divesting wholly from the sports merchandise business in Fanatics and significantly from the sites ShopRunner and Rue La La, which together were set up under a new holding company named Kynetic that was put under the control of GSI CEO Michael Rubin.
It has made some significant shifts, such as divesting certain regional assets and reducing some of the incentive payments and discounts it made to drivers around the world to lure them to its platform; and under current CEO Dara Khosrowshahi, it has made a concerted effort to play nice on a number of fronts.
According to a report issued this month by Arabella Advisors, a philanthropy services firm, 61 pension funds worldwide — including the New York City pension funds, which hold $189 billion in assets — have committed to divesting from fossil fuels since 2016, bringing the total number of pension funds that have joined the movement to 144.
Many of the sellers cited personal, emotional reasons for divesting themselves of their clothes: Ms. Guinness sold hers in part as a reaction to the end of her marriage to Spyros Niarchos; Ms. Della Russo did so after the deaths of her mentors Manuela Pavesi and Franca Sozzani, and the beginning of a new relationship.
Patriotic Americans mobilizing to protect marginalized communities from verbal or physical or other attack, Americans divesting from the financial industries that rob middle America, Americans refusing to pay taxes that militarize our main streets or support the killing of innocents overseas, and Americans shutting down fossil fuel pipelines before they further threaten health and habitat.
At a January news conference at which Trump said he would turn over management of his companies to a trust controlled by his two elder sons, his lawyer, Sheri Dillon, said divesting from his businesses would "exacerbate" potential conflicts of interest because Trump would still be entitled to royalties from the use of his brand.
Sinclair would have only been able to own so many stations—which would give it a presence in 72 percent of U.S. households, far above a separate national cap of 39 percent—by divesting some of its assets and relying on a loophole that allowed it to count UHF stations as only half a station for others.
Which is why there is well-earned skepticism over whether the DOJ — which may also look at Apple — or the FTC, which is already negotiating with Facebook over privacy violations, and may also look at Amazon — will end up levying material fines, or forcing any of these tech companies to make material changes, like divesting giant acquisitions they've made.
The theory behind divesting the Cisco assets and rebuilding them is that many of these Pay-TV providers are still very much in business and want to stay that way, so there is an opportunity to both service them as is, but also come up with new products and services to help bring them into the 21st century.
The glut of pent-up questions for the president-elect gave him an advantage in navigating the exchange; he interrupted inquiries about Russia's hacking to introduce a lawyer, Sheri L. Dillon, who spoke at length about how Mr. Trump would organize his business affairs and explain why he was not divesting from his global business empire.
Trump's businesses exist to enrich himself, involve a web of shady connections, & still he hasn't committed to divesting his holdings (2/2) From sufficiently inside the bubble, the fact that anyone is nitpicking the foundation while Donald Trump's much more flagrant lack of financial disclosure is still out there confirms the sense that the complaining is just bias.
It grew to include expressing secular values, as well, historically through divesting (choosing not to own and/or selling existing ownership) paired with shareholder engagement (groups of shareholders in conversation with company management about advancing social or environmental good within the company or the communities affected by the company's business) and proxy voting (how shareholders elect boards and vote on other corporate matters).
Trump forked over leadership for the Trump Organization to Don Jr. and Eric Trump at the beginning of the year, kinda-sorta-but-not-actually divesting himself from his businesses, but the whole thing is still a "highly unethical arrangement," according to Oregon Democratic representative Peter DeFazio—especially since the US government also owns the historic building that houses the hotel.
In addition we call on all our supporters: continue divesting from these galleries and their programming, to all artists to refuse to show your work or participate in their programming, and to all patrons to stop bringing business to these spaces, and to all the local people to join the fight against gentrification in Boyle Heights and everywhere in Los Angeles.
Sinn Féin's platform—emphasizing climate justice and a so-called just transition, avoiding massive job loss—promises more aggressive emissions-curbing policies than the those of much of the Democratic field stateside, including a ban on fracking and new fossil fuel infrastructure, an end to peat and coal power within five years, and divesting public agencies and pension funds from fossil fuels.
It requests the fund's administrators to carry out an analysis on divesting from stocks such as Smith & Wesson Holding Corp and Sturm Ruger & Co. The mayor, a trustee on the police pension fund's 12-member board, pledged after the mass shooting in San Bernardino, California, in November, to push all five funds in the city's $155 billion public pension system to dump their investments in gun stocks.
We know that Donald Trump has refused, unlike other presidents, to release his tax returns; that his trust agreement allows him undisclosed access to profits from his businesses; and even that he clings to a profitable lease on a hotel only a stone's throw from the White House when divesting himself of that lease is not only the obvious but the right thing to do.
It requests the fund's administrators to carry out an analysis on divesting from stocks such as Smith & Wesson Holding Corp and Sturm Ruger & Co. The mayor, a trustee on the police pension fund's 12-member board, pledged after the mass shooting in San Bernardino, California, in November, to push all five funds in the city's $155 billion public pension system to dump their investments in gun stocks.
In a sometimes contentious news conference, Donald Trump outlined plans to let his sons manage his businesses rather than divesting or using a blind trust ("meaningless," said the top U.S. ethics officer), denounced reports of a Russian dossier on him (and yelled at CNN), promised again that Mexico would pay for a border wall (nope, said Mexico again) and attacked high drug prices (yipes, said pharma investors).
Some 85% of individual investors, and 95% of millennials, are interested in sustainable options, per the report, which surveyed 1,000 active investors across the U.S. Despite that "all-time high" enthusiasm, just over half of respondents are actually engaged in "at least one sustainable investing activity," such as screening investments for potentially objectionable companies or divesting completely because of a company that does not align with the investor's values.
Up today are billionaire investor Wilbur Ross for secretary of commerce (who, if nominated, plans on keeping part of his empire even though ethics agreement typically call for divesting assets or putting them in a blind trust); Scott Pruitt, who's sued the EPA, for EPA administrator; Nikki Haley, who's questioned US funding of the UN, for US ambassador to the UN; and Tom Price, who's in a bit of an ethics pickle, for HHS secretary.
The DC Circuit will take up a third case on the issue, testing whether Democratic members of Congress can pursue their lawsuit against Trump for failing to allow Congress to review and vote on his business interests Trump has refused to follow the usual presidential practice of divesting personal business interests once in office, and he has so far successfully prevented any collection of evidence in the lawsuits regarding the constitutionality of his business holdings.
" •Nicholas Heymann, a William Blair & Co. analyst who covers GE, also harbored some hope for the struggling industrial giant, telling "Squawk Box" that while one-time charges and costs tied to the power business would continue to weigh on GE, the next few years will likely see improvement: "We've got organic growth, [a] smaller company because we've been divesting assets, we've got margins improving, there's operating cash flow from continuing [operations], and then you've got all these legacy issues.
Washington (CNN)Secretary of State Mike Pompeo said North Korea is "of course" closer to denuclearization, but he acknowledged it will take some time before that happens and said the schedule for divesting the country of its missiles and weapons would be set by Kim Jong Un. "Of course, we're closer," Pompeo said in an interview Friday with Channel NewsAsia in Singapore when asked if the summit between Kim and President Donald Trump has brought denuclearization closer.
And its related affiliates * DGSE companies inc - DGSE's board of directors' approval is required in order to enter into such definitive agreement * DGSE expects to post a profit in q2 of 2017 and "show continued operational improvement" * DGSE companies inc - DGSE anticipates divesting its wholesale division fairchild international and associated website in near term * DGSE companies inc - company seeks to streamline its operations, focusing its fine-watch marketing and business in retail sector Source text for Eikon: Further company coverage:
Declarations of opposition to annexation ring hollow when they are not accompanied by plans to prevent or reverse it: banning settlement products; reducing financial assistance to Israel by the amount it spends in the occupied territories; divesting federal and state pension funds from companies operating in illegal settlements; and suspending military aid until Israel ends the collective punishment of two million people confined in Gaza and provides Palestinians in the West Bank the same civil rights given to Jews living beside them.
CREW sent a letter to Deputy Attorney General Rod RosensteinRod RosensteinWhy the presumption of innocence doesn't apply to Trump McCabe sues FBI, DOJ, blames Trump for his firing Rosenstein: Trump should focus on preventing people from 'becoming violent white supremacists' MORE and David Apol, the acting director of the Office of Government Ethics (OGE), to investigate whether Ross made a false statement about divesting himself of his stock in Invesco, assets he was required sell, which was the firm he managed before taking the Commerce job.
"Rather than fully divesting these assets as he committed to do in his confirmation hearings, Secretary Ross appears to have placed certain assets into a trust that benefits his family members," the lawmakers wrote to Peggy Gustafson, the Commerce Department's IG. "Secretary Ross's holdings in Navigator, his sale of those holdings, and his lack of transparency with regard to those holdings, are especially troubling given that he is responsible for promoting the interests of U.S. companies and for implementing sanctions against Russia," they added.
STOCKHOLM, Nov 29 (Reuters) - Swedish media firm MTG CEO Jorgen Madsen Lindemann to Reuters ahead of Wednesday's capital markets day: * Repeats sees higher sales, profit for MTG Group this year vs 2016 * Repeats expects MTGx, an important growth engine for the firm, to make its first profit in Q4 this year * MTG made an operating profit of 1.35 bln SEK in 2016, on sales of 17.3 bln SEK * MTG is in the midst of transforming from a traditional broadcaster into a digital entertainment firm, investing in online gaming, esports and digital video networks while divesting broadcasting operations ($1 = 8.3234 Swedish crowns) (Reporting by Helena Soderpalm)

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