Cooper Tire to Sell Unit for $1.165 Bln
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Cooper Tire and Rubber Co. CTB.N on  Friday said it agreed to sell an automotive parts  business to  buyout firms Cypress Group and Goldman Sachs Capital Partners  for about $1.165 billion, the latest private equity purchase in  the sector.
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Federated Department Stores Inc.   is near a deal to sell its Lord &amp; Taylor unit to private  equity firm Apollo Real Estate Advisors and shopping center  developer NRDC Real Estate Advisors LLC for about &#36;1.2 billion,  a published report said on Thursday.
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CLEVELAND, Oct. 30  â Goodyear Tire & Rubber, helped by the sale of its engineered products unit, swung to a big profit in the third quarter, even though North American tire sales were down 6 percent.
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Cooper Tire and Rubber Co. has agreed to sell its Cooper-Standard Automotive unit for just shy of $1.7 billion to a partnership between Goldman Sachs Capital Partners and The Cypress Group.
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Bridgestone Corp. will enter the display  device market with ultra-thin electronic price tags, aiming for  annual sales of 1 billion yen ($9.23 million) in around two to  three years, Japan's top tire maker said on Wednesday.
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Cypress Group and Goldman Sachs Capital Partners have agreed to pay $1.17 billion to acquire Cooper-Standard Automotive by the end of the year.
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BFGoodrich Tire Manufacturing agreed to spend $150 million on improvements at four North American plants and dropped demands for concessions under a new two-year deal with labor, Canadian union members said Monday in approving the pact.
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Fannie Mae , the embattled U.S. home financing company, on Wednesday said it agreed to sell &#36;5 billion in preferred stock to institutional buyers as part of an effort to comply with regulatory demands to increase capital.
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A group led by Goldman Sachs Group Inc. agreed to buy the Cooper Tire &amp; Rubber Co. business that makes automotive fluid-handling systems and other components for $1.
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A newly formed company said it plans to buy Miami Beach-based LNR Property Corp. (NYSE: LNR) for $63.10 a share in cash, or about $3.
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Sallie Mae  said on Wednesday it plans to sell about $2.5 billion of stock and mandatory convertible securities to help pay off derivatives contracts that amounted to a bet that its share price would keep increasing.
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or about less than half what the current model weighs -- will be sold at $149 per unit in North American markets and at 149 euros in Europe starting November 1st.
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DOW 12,786.64  +19.07    NASDAQ 2,513.04  +16.73    S&P 500 1,459.68  +4.14    RUSSELL 2000 826.11  +7.96 TOPLOCAL  Special hybrid goes on sale next month  Torrance-based Toyota Motor Sales U.S.A. Inc.
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Online closeout retailer Overstock.com Inc. said Thursday that it will sell 1.2 million common shares at $57.53 apiece for proceeds of about $65.3 million.
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The unit was sold for $10.3 billion to a group of private equity firms that will take an equal stake in the company.
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Cooper Tire and Rubber Co. CTB.N on  Friday said it agreed to sell an automotive parts business to  two buyout firms for about $1.17 billion, the latest private  equity purchase in the sector.
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Oil firm Cairn Energy has said that the initial public offering of its Indian unit would be priced at 160 rupees per share (1.83 sterling) -- at the low end of its price range.