Jones to Buy Barneys in $400M Deal
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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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Jones Apparel Group Inc.  said on Thursday it received an unsolicited bid from Fast Retailing Co. Ltd.  to acquire Barneys New York Inc. for $900 million, which tops Jones' existing pact to sell the upscale clothing chain for $825 million.
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Airlines have committed almost $40 billion to buying the 555-seat double-decker superjumbo.
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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 deal worth $400 million as  a move to expand into luxury apparel retailing.
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Bank of New York Co.  on Monday agreed to buy Mellon Financial Corp. , one of the most storied names in American finance, for $16.5 billion, creating a powerhouse in asset management and in providing custody services to institutional investors.
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A major private equity firm is set to purchase real estate giant Realogy Corporation, the parent company of Century 21 and Coldwell Banker, for more than $6.6 billion, the companies announced Sunday.
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Jones Apparel Group Inc. (JNY.N: Quote, Profile, Research) , a mid-priced clothing retailer and maker, said on Thursday it was buying Barneys New York Inc.
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The Dubai government&#39;s private equity arm, Istithmar, said on Saturday it was buying luxury speciality retailer Barneys New York for 825 million dollars from Jones Apparel Group.
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Japan's Fast Retailing makes a $900m (Â£448m) takeover bid for US department store chain Barneys New York.
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Women's clothing retailer Dress Barn Inc.  said Wednesday it plans to buy Maurices Inc., which sells apparel and accessories for young women and men, for &#36;320 million.
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Jones Apparel Group Inc.  is near a deal to sell the Barneys New York department store chain for $825 million to Dubai's private equity firm Istithmar, The New York Times reported on Friday.
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The company, which owns the Jones New York, Anne Klein and Nine West shoe and apparel brands, posted a fourth-quarter net loss of $89.8 million, or $1.06 a share.
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Jones Apparel Group Inc. JNY.N, a  mid-priced clothing retailer and maker, said on Thursday it was  buying Barneys New York Inc. BNNY.OB in a deal worth $400  million as a move to expand into luxury apparel retailing.
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Another shopper has rung up Barneys New York, the high-end fashion emporium that is being sold to the investment arm of the Dubai government for $825 million.
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Shares of Jones Apparel Group Inc.   rose 4.8 percent on Friday after a media report said  private equity firms Bain Capital, Texas Pacific Group and The  Blackstone Group are the lead bidders for the shoe and apparel  maker.
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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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Dow Jones & Co., publisher of The Wall  Street Journal, has agreed to buy online financial news  provider MarketWatch Inc. for about $463 million in a bid to  boost its revenue from the fast-growing Internet advertising  market.