sale – News Stories About sale - Page 2

May 14, 2009 11:26 AM CDT

Redstone Sued Over Midway Games Sale

Stake in Mortal Kombat company sold for peanuts for tax writeoff

(Newser) - Creditors of the video-game company behind the Mortal Kombat series are suing Sumner Redstone and board members after Redstone, Midway’s former majority owner, sold the company in a “fraudulent transfer,” the Chicago Tribune reports. Creditors say the media mogul sold his 87% stake for just $100,000...

Slumdog
Dad: I'm Not
Selling My Kid

Apr 20, 2009 1:03 PM CDT

Slumdog Dad: I'm Not Selling My Kid

Rumors part of a 'dirty' media scheme, he says

(Newser) - The father of Slumdog Millionaire child star Rubina Ali tells the BBC he’s not selling his daughter, contrary to a News of the World report he called a “dirty” scheme. The media “made fun of our poverty,” Rafiq Qureshi said. “They tricked us into this...

Tight Times Force
Sentimental Sell-Offs

Apr 13, 2009 9:47 AM CDT

Tight Times Force Sentimental Sell-Offs

But many make far less than they'd hoped from collectibles

(Newser) - With money tight, many are seeking to part with collectibles they’d hoped to hold onto—and reaping smaller rewards than they’d expected, the Chicago Tribune reports. “I wanted my daughter to have some sort of family heirloom. It can’t be that way right now,” said...

Posh Eateries
Uncork Deals
in Downturn

Mar 29, 2009 5:18 AM CDT

Posh Eateries Uncork Deals in Downturn

(Newser) - High-end eateries are rolling out three-course deals and wine specials to lure America's hungry in hard times, CNN reports. "A year ago, to be honest, I didn't have to hit that three-course menu at $35 a head," said a Manhattan restaurateur whose business is down 20%. "...

Everything Must Go:
Hard Times Create
Yard Sale Boom

Oct 25, 2008 5:05 AM CDT

Everything Must Go: Hard Times Create Yard Sale Boom

'Thrift economy' thriving as households struggle to meet mortgage payments

(Newser) - Yard sales are on the rise nationwide as the economy heads for the cellar, the New York Times reports. Flyers for sales cover lampposts in formerly booming communities as struggling homeowners seek to raise cash from selling off all the non-essentials—even children's toys. Many of the bargain-hunters are in...

$19B Buyout of Clear Channel Nearly Dead

Mar 25, 2008 7:30 PM CDT

$19B Buyout of Clear Channel Nearly Dead

Credit woes have sale of radio giant to private firms crumbling

(Newser) - A $19 billion bid to privatize Clear Channel appears likely to fall through as buyers and financiers bicker—with credit-crunch-induced liquidity woes a major stumbling block, the Wall Street Journal reports. A credit agreement between private equity firms and the banks funding the move has become shaky. “No one...

Motorola May Sell Ailing Cell Phone Division

Feb 1, 2008 2:50 AM CST

Motorola May Sell Ailing Cell Phone Division

Company struggling against smart phone competition

(Newser) - Motorola, battered by more innovative competitors in the cell phone industry, is considering spinning off or selling its flagship mobile phone division to concentrate on other parts of its business. Motorola, which once rocked the industry with its innovative StarTAC flip phone and the ultra-slim Razr, now plans to refocus...