Business news with words deal+purchase. 60 or more news.

A Manhattan investor has terminated its contract to buy the former William Boyd Printing Co. plant in downtown Albany, the third time a proposed sale of the property has evaporated.

Kirk Kerkorian's Tracinda Corp. will pay $684 million for a 35 percent stake in Delta Petroleum Corp. in a deal that will help Delta speed drilling activities in the Rocky Mountains. Denver-based Delta said the agreement will also provide funding for possible acquisitions.

Finish Line shares tumbled 25 percent to a down-at-the-heels $2.30 close, after a Tennessee judge ruled that the retailer must complete its $1.5 billion deal to buy Genesco. Finish Line's bank, UBS, tried to back out of financing the purchase...

UBS has suffered a serious blow to its hopes of expanding in India after the country’s central bank blocked its $120 million ($£60 million) purchase of the local mutual funds unit of Standard Chartered.

A judge ruled Thursday that Genesco Inc. executives did not commit fraud during negotiations over a $1.5 billion deal and that The Finish Line Inc. must complete the purchase.

A Tennessee judge yesterday ruled that Genesco executives did not commit fraud during negotiations over a $1.5 billion acquisition and that fellow mall retailer The Finish Line must complete the purchase. Nashville, Tenn., Chancellor Ellen Hobbs...

CHINA Merchants Securities increased its stake in Bosera Asset Management to 73 percent in a 6.32-billion-yuan (US$854 million) deal, Bosera said in a statement late on Wednesday. China Merchants paid 130 yuan per share to buy an additional 48 percent of Bosera from Kinghing Trust & Investment Co Ltd. With the deal, China Merchants also set a record for the biggest purchase of a stake in the fund industry. The previous record was set in October by Shanxi Haixin Group when it paid 1.18 billion yuan, or 56.20 yuan per share, to buy a 21-percent stake in Yinhua Fund Management Co Ltd. Kinghing Trust & Investment Co Ltd was shut down in 2006 for violating rules and bad management. The securities regulator announced it would auction Kinghing's shares in Bosera on November 19. "The move shows the ambition of China Merchants to expand and its confidence on the prospect of China's fund industry," said Zhang Qi, an analyst with Haitong Securities Co. "The share price for

LONDON (MarketWatch) -- Boeing and British Airways said they have finalized a deal in which the U.K. airline would order 24 787 Dreamliners at a list price of $4.4 billion. Airplanes are usually sold at a discount to list prices. British Airways also placed options for 18 787s and purchase rights for an additional 10.

NEUSOFT Group Ltd will acquire its parent through a share swap, which will double the market value of the Shanghai-listed software vendor to 520 million yuan (US$70.27 million), Neusoft said in a statement yesterday. Chinese software firms, which grew most rapidly, need to boost economies of scale to compete internationally, the Ministry of Information Industry said. Neusoft has received approval from regulators, including the China Securities Regulatory Commission, to buy its parent's assets via a share swap of 1 to 3.5, according to the company's statement to the Shanghai Stock Exchange. After the purchase, the firm will be valued at 520 million yuan from 280 million yuan now. "The deal is a milestone in the company's history and it will continue to grow through the resources acquired from the parent firm," said Neusoft's chairman Liu Jiren in a Chinese-language statement.

DELEK Real Estate Ltd, the Israeli company that backed out of a US$2.9-billion deal with Jelmoli AG, has agreed to buy 12 Frankfurt-area supermarkets from Metro AG, Germany's biggest retailer, for 243 million euros (US$349 million), Bloomberg News reported on Sunday. Delek, through its Delek Global Real Estate unit, will acquire the buildings from the Real supermarket chain, a subsidiary of Metro, the Netanya, Israel-based company said in an e-mailed statement to the stock exchange. Real will rent 10 of the supermarkets from Delek through 2022, and the other two through 2020, beginning at 16 million euros annually for all the properties. The rent will increase 6.7 percent every five years. "DGRE has again purchased a property with a quality tenant for a long period in a central area, and proved that even in these times it can use its connections to close deals and get good financing," Chief Executive Officer Ilik Rozanski said in the statement. Delek Real Estate, a

Harrah's Entertainment Inc. has tentatively cleared the last remaining regulatory hurdle to the largest casino buyout ever. Harrah's said Monday that the National Indian Gaming Commission has approved the company's $17.7 billion purchase by private equity buyers Apollo Management and Texas Pacific Group, pending final commission review. The conditional approval means Harrah's can go forward with the deal, which is expected to close in early 2008. Harrah's and the buyers received the go-ahead for the deal last week from the Nevada Gaming Commission, capping a 10-week campaign to obtain approvals from state gambling regulators in eight states, including Iowa and Missouri. Indian Gaming Commission approval is needed because Harrah's operates several tribal casinos as well. Harrah's used to manage a casino north of Topeka before the Prairie Band Potawatomi tribe took over operations in July. Harrah's, which had nearly $10 billion in revenue last year, operates more than 50 casinos including Caesars Palace and the Imperial Palace in Las Vegas and Bally's in Atlantic City.

SICHUAN Changhong Electric Co, China's second-biggest TV maker, has grabbed the lion's share of government-financed home appliance sales in rural areas. China promised to give farmers subsidies, about 13 percent, for buying household electrical appliances, in a bid to stimulate sluggish rural consumption and reduce the rising trade surplus, the Ministry of Finance and the Ministry of Commerce said over the weekend. "We are a major player in the deal and we occupy at least 50 percent shares of the TV sales (in the subsided sales in the rural areas)," Chen Ning, Changhong's vice president, told Shanghai Daily yesterday. Changhong will provide TVs, which costs less than 1,500 yuan (US$202) each, and some mobile phones for the subsidized purchase program. The pilot program will be launched in Shandong, Henan and Sichuan, the three major agricultural provinces, according to Chen. Farmers in the provinces can buy color TV sets, refrigerators and mobile phones with

Cerberus Capital Management L.P. agreed Monday to pay United Rentals Inc. a $100 million breakup fee for dropping its $4 billion purchase of the equipment-rental company.

As ESPN the Magazine celebrates its 10th anniversary, ESPN is set to expand its youth-publishing operations with the purchase of SchoolSports Inc., which publishes Rise and Girl, both targeting high-school-age athletes. The terms of the deal, which also included the Rise Web site, Risemag.com and its high-school basketball event business, were not disclosed.

IRISH property investment firm Ailesbury has completed a ?10 million deal with the purchase of a marina in Cape Cod, Massachusetts.

CHINA Investment Corp said on Saturday the reference price for its stake in US-based Morgan Stanley was fixed between US$48.07 and US$57.68 per share. The state-owned forex investment firm reached an agreement with Morgan Stanley on Wednesday to invest US$5 billion into the second largest investment bank in the US. The injection was used to purchase equity units that are mandatorily convertible into Morgan Stanley common shares. The two sides agreed CIC would be able to convert the equity units into Morgan Stanley common shares at a price no more than 1.2 times the reference price when the conversion was due. CIC said the share of common stock underlying the convertible securities would not be issued until the exercise of the stock purchase contracts on August 17, 2010. The equity units carried a fixed annual interest rate of nine percent before conversion. Shares held by CIC were agreed to reach no more than 9.9 percent of outstanding shares. Wednesday's agreement came as

It plans to purchase the sleep therapy products maker Respironics for $5.1 billion.

WITH US antitrust clearance for its DoubleClick purchase, Google's focus now turns to European regulators, who are expected to be more critical of the top search engine linking up with a market leader in online advertising. The proposed US$3.1-billion transaction, which is strongly opposed by privacy advocates, cannot be completed without approval from the European Commission, whose review deadline is April 2. The Federal Trade Commission said that the deal would not significantly lessen competition in the online advertising market, rebuffing complaints from Microsoft Corp and AT&T Inc that it would give Google a dominant position. "The FTC's strong support sends a clear message - this acquisition poses no risk to competition and will benefit consumers," Eric Schmidt, Google Inc's chief executive, said. "We hope that the European Commission will soon reach the same conclusion." The European Commission declined to comment on the FTC's decision, spokesman

The fact is that for all of the intense research surrounding car purchasing, we never really know where in the "purchase funnel" a consumer is when they hit a car site. They may be just as receptive to sealing the deal on that new Ford Focus when consulting an online recipe. And with auto car inventory in such tight supply, advertisers and ad networks are looking for new places to grab in-market consumers. The vertical ad network Jumpstart is rolling out its BehaviorPATH product that tags and segments the 8 million unique users that come to its collection of auto sites (including CarandDriver.com, Vehix, and CarSoup) and now serves them behaviorally targeted ads on non-auto content they encounter elsewhere.

WASHINGTON–The U.S. Federal Trade Commission has approved Google's $3.1 billion purchase of DoubleClick, saying the much-criticized deal did not threaten competition in Internet advertising.