Tiffany sells stake in Aber Diamond, discount arrangement ends
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TORONTO (CP) - US jewelry retailer Tiffany &amp; Co. has sold its nearly 14 per cent stake in Aber Diamond Corp., part owner of Canada&#39;s second diamond mine, Diavik.
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Morgan Stanley has sold its 7.2 percent stake in The New York Times Co. , people close to the matter said yesterday, marking the end of a bitter fight between one of the bank's asset managers and the company.
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Mortgage and vehicle fleet company PHH Corp said on Tuesday it terminated its nearly $2 billion sale to General Electric Co and Blackstone, after the private equity firm failed to obtain required financing for the deal.
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A consortium of liquidators and jewelers, including David &amp; Co. of Chestnut Hill, reached a tentative sales agreement late last night with the bankrupt parent company of Shreve, Crump &amp; Low that could potentially save Boston's oldest jeweler from shuttering its doors, according to an official involved in the deal.
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The 6.1-carat pink diamond ring  that actor Ben Affleck gave actress-singer Jennifer Lopez to  celebrate their now-broken engagement has been "re-acquired" by  jeweler Harry Winston and was being offered for resale, a Harry  Winston spokeswoman said on Friday.
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Jewelers like Tiffany & Co , Zale Corp  and Finlay Enterprises  are set to release holiday sales data later this week -- and analysts are expecting less-than-sparkling results.
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U.S. apartment owner Archstone-Smith  Trust  will have to pay a $235 million break-up fee plus  expenses to end a proposed deal to be acquired by affiliates of  Lehman Brothers  and Tishman Speyer for a total of $22.2  billion, the company said in a regulatory filing on Friday.
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Tiffany &amp; Co., the largest US luxury jewelry retailer, said fiscal third-quarter earnings fell 26 percent on higher costs and declining Japanese sales.
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Fortunoff, the jewelry and home furnishings company founded in 1922, is expected to announce today that it will sell its business to Trimaran Capital Partners, a private equity firm, in a deal that values the chain at $280 million.
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Aug. 17 (Bloomberg) -- Cantor Fitzgerald LP, one of the two largest Treasury bond brokers, will split off its original business of person-to-person sales to focus on more profitable activities such as institutional equity sales and trading.
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U.S. private equity house Lone Star said on Friday it sold a stake in Korea Exchange Bank as well as two domestic firms for a total of $2.3 billion, speeding up disposals of controversial South Korean investments.
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The United States and China ended talks with unfinished business, as China took a $3 billion stake in the Blackstone Group.
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WIZARD founder Mark Bouris has ended months of speculation by selling his home loans business to US conglomerate General Electric.
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Morgan Stanley has sold its 7.2 percent stake in The New York Times Company, bringing an end to its campaign to change the media companyâs dual-class share structure.
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Shares of Tiffany & Co.  climbed as much as 6.8 percent and its options volume surged on Monday on renewed speculation that the fine jewelry retailer could be a possible target for a takeover.
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The Blackstone Group had also bid for U.S. apartment owner Archstone-Smith Trust  in the weeks before Archstone agreed to acquired by affiliates of Lehman Brothers Holdings Inc.  and Tishman Speyer for more than $15 billion, The Wall Street Journal Online reported on Thursday.
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Guidant Corp.&#39;s 10-year run as one of Indiana&#39;s most successful public companies will end with a $25 billion sale to health products giant Johnson &amp; Johnson.