Jones Is Said to Be Near a Deal for Barneys
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The Jones Apparel Group, a $4.3 billion clothing company with a middle-brow reputation, is close to making a deal to buying the Barneys chain.
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Alan J. Lacy will not be the top man at Sears, Roebuck &amp; Company any longer if the announced merger with Kmart is completed. But he will receive a raise and could take out more than $20 million by cashing out his existing options on Sears stock.
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The California department store operator might look interesting to acquirers.
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Possibly heading into his final season with the Atlanta Braves, Andruw Jones showed up for spring training Tuesday about 10 pounds lighter and made it clear he'll be looking to get paid "market value" in his new deal.
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The clothing retailer Barneys New York, a temple to fashion that introduced Americans to Armani and $300 T-shirts, was sold today to the investment arm of the Dubai government for $825 million.
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NEW YORK  - Mid-priced clothing retailer and maker Jones Apparel Group Inc.  said on Thursday it was buying Barneys New York Inc.  in a deal worth $400 million as a move to expand into luxury apparel retailing.
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Goldman Sachs is close to completing a  15 billion pound ($29.5 billion) financing package to be used  by suitors for UK lender Northern Rock , the Sunday  Times reported, adding details may be unveiled this week.
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Jones Apparel Group agreed to buy Barneys yesterday for $400 million, uniting the manufacturer of Nine West shoes and Anne Klein suits with the upscale purveyor of $1,000 hand bags and $2,500 suits.
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Mid-priced clothing retailer and maker  Jones Apparel Group Inc. JNY.N said on Thursday it was buying  Barneys New York Inc. BNNY.OB in a $400 million deal to boost  its retail business and move into luxury apparel.
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Jones Apparel said on Thursday it received a bid from Fast Retailing to acquire Barneys New York for $900 million, which tops an existing pact to sell the clothing chain for $825 million.
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Australian conglomerate Wesfarmers Ltd.  is close to buying retailer Coles Group Ltd.  after sweetening its bid to as much as A$20.7 billion ($17.7 billion), the largest takeover in Australian corporate history.
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Australian retailer Coles Group Ltd.  put itself up for sale on Friday after receiving a number of  takeover approaches, saying it believed it was worth more than  A$18.2 billion ($14.3 billion).
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Barneys New York, the luxury  retailer that sells couture clothes to the rich and famous, on  Thursday agreed to be acquired by clothing manufacturer Jones  Apparel Group Inc. for $400 million.
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The Mets are close to signing Pedro MartÃ­nez to a four-year contract for $56 million, according to a person involved in the negotiations.
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The owner of the 182-year-old Lord & Taylor department store chain is close to buying the jewelry and housewares retailer in a $100 million deal.
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The Jones Apparel Group is near an agreement to sell Barneys New York for about $825 million to the investment arm of the Dubai government.
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Pedro MartÃ­nez could soon receive a contract offer from the Mets that is competitive with the one he has already received from Boston.