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Starbucks Is Offering Cheaper Joe to Draw Customers Back

Enjoy the discounted prices, though some say other 'gripes' also need remedying

(Newser) - Grabbed a Starbucks iced latte or Pink Drink lately and noticed the price seemed unusually low? That's because the coffee giant is now trying to lure customers back after a tough year, including via discounts and other promotions, reports the Wall Street Journal . The move is an atypical one...

This City Is Selling Off Its Swans for $400 a Pop

Lakeland, Fla., says due to overpopulation, it costs $10K a year to feed them all

(Newser) - Got an extra $400 lying around? Love swans? If you're near Lakeland, Fla., or can get there, you're in luck. CNN reports that, starting sometime in the next few weeks, the city will be selling off about half of the 80 resident swans that live on Lake Morton....

JCPenney Nearly Sold After 'Screaming Matches'

The department store chain negotiates a $1.75B deal

(Newser) - Looks like JCPenney has found itself a buyer. The dying department store chain—which filed for Chapter 11 bankruptcy protection back in May—has struck a tentative deal with a group of lenders and mall owners, USA Today reports. Brookfield Property Partners, Simon Property Group, and bankruptcy lenders are expected...

Company's New Corporate HQ Is Already for Sale

Recreational Equipment Inc. needs the cash

(Newser) - Recreational Equipment Inc. has a newly completed corporate headquarters in Seattle—and lo and behold, it's already for sale. The Wall Street Journal calls it yet another instance of a company selling off central offices to raise cash during the coronavirus pandemic. But REI, which sells outdoorsy stuff like...

The Lighting Game Made GE. Now It Says Goodbye

Savant Systems to acquire GE Lighting for a reported $250M

(Newser) - General Electric has sold its lighting business, which originated with Thomas Edison more than 140 years ago. For some, it's "as if Kellogg had jettisoned its cornflakes business or Ford had stopped making cars," reports the New York Times , noting GE floodlights allowed for the first MLB...

Krasinski Couldn't Keep Up With Some Good News

Actor-director defends sale, says to expect 'a lot of really fun stuff'

(Newser) - "I would love to keep doing the show from my office forever, but it wasn't sustainable." So says Some Good News creator John Krasinski, who heard this week from fans who weren't happy to learn the beloved web series had been bought by ViacomCBS . Critics upset...

GE Sells Off Another Big Piece of Itself

Company sheds its fast-growing biopharma unit

(Newser) - General Electric is selling its biopharma business to Danaher Corp. for $21.4 billion as it continues to sell off chunks of a once sprawling conglomerate, per the AP . The biopharma unit, part of GE Life Sciences, generated revenue of about $3 billion last year. In fact, the Wall Street ...

Activist Investor Wants to Scrub Entire Yahoo Board

Starboard says it's got 9 nominees to take over for floundering Internet company

(Newser) - Yahoo's entire board of directors should be swapped out, per an activist investor, and the AP reports that Starboard Value is going to nominate nine new board members Thursday, ratcheting up tensions between itself and the beleaguered Internet giant. The Wall Street Journal says it reviewed a letter from...

Weinergate Prompts Airline Special

It's 'too hard to resist'

(Newser) - Now we can all cash in on Weinergate: Spirit Airlines is holding a special deal dubbed “The Weiner Sale.” The fares are “too hard to resist,” notes one ad, viewable at the Frisky . There’s even a “Weiner Sale Expansion,” though the fares won’...

Broke, California Holds Huge Garage Sale

(Newser) - Just how bad has California’s budget crisis gotten? So bad that it’s holding what it’s calling the “Great California Garage Sale” this weekend, hoping to unload piles of junk and wasteful property that the state’s accrued over the years. Hundreds of items will be available,...

Your Lowly Penny Can Actually Buy Something

Retailers lure back to school shoppers with 1¢ gimmick

(Newser) - Retailers, scrambling to connect with the fragile consumer psyche, have turned to the lowly penny for a boost, offering everything from clothing to crayons for a single cent, the LA Times reports. Nearly taken out of circulation three years ago, the penny may be a lousy coin, but it’s...

Swedish Firm Nabs Pirate Bay for $7.7M

Buyers to remodel site so content providers 'get paid'

(Newser) - A Swedish software company has purchased file-sharing site Pirate Bay for $7.7 million after the site was fined $3.6 million, the Register reports. “We would like to introduce models which entail that content providers and copyright owners get paid for content that is downloaded via the site,...

China Won't Allow Hummer Sale: Report

Country KOs GM deal with manufacturer over environmental worries

(Newser) - Beijing will halt GM’s sale of the Hummer brand to a Chinese machinery firm over pollution concerns, according to Chinese state radio. The purchase would run counter to the government’s goal of reducing pollution caused by manufacturing, the BBC reports. The Chinese firm shrugged off the report. “...

What's the Globe Really Worth?
 What's the Globe Really Worth? 
analysis
Jun 15, 2009 11:37 AM CDT

What's the Globe Really Worth?

Some say Times Co. should pay to dump it

(Newser) - With the New York Times Co. said to be looking for a Boston Globe buyer, David Carr polled experts to see what the paper might be worth—a question, he writes in the Times, that reaches beyond the Globe itself as the newspaper industry struggles. Carr got quite a range...

Ginsburg Delays Chrysler-Fiat Deal

(Newser) - Supreme Court Justice Ruth Bader Ginsburg today put a temporary stay on the sale of Chrysler to Italian automaker Fiat, SCOTUSBlog reports. Ginsburg’s motion allows the justices to further consider the matter, and either postpone the sale or let it go forward. A full postponement of the sale would...

GM Strikes Hummer Deal
 GM Strikes Hummer Deal 
Jun 2, 2009 7:21 AM CDT

GM Strikes Hummer Deal

Buyer, price not disclosed

(Newser) - General Motors has announced a "tentative" plan to sell its Hummer brand to a buyer who could take control by the end of the third quarter, says the Wall Street Journal. The firm didn’t say who was buying it or for how much, but noted that the purchaser...

Playboy on Block for $300M

Hef said to be loathe to part with firm

(Newser) - With the magazine at its heart struggling against the tide of the Internet, Hugh Hefner’s Playboy empire is seeking a buyer for $300 million, the New York Post reports. That’s three times its current market capitalization, but sources say Hef won’t sell unless he can get the...

Redstone Sued Over Midway Games Sale
Redstone Sued Over Midway Games Sale
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

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

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...

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