Business news for Mon, 17 Dec 2007 & with word received. 5 news.

TIANJIN Port Co, operator of the busiest port in northern China, says it has received "conditional" regulatory approval for a private share placement to buy assets worth 4.1 billion yuan (US$556 million) from its parent. In May it said it planned to issue up to 226 million new A shares at 18.17 yuan each to acquire berths and the container handling business from its state-owned parent, Tianjin Port (Group) Co. China Securities Regulatory Commission gave approval for the deal on Friday with some conditions, Tianjin Port said in a brief statement to the Shanghai Stock Exchange, without elaborating. Formal approval is expected later, it said. After the announcement, Tianjin Port rose 2.56 percent to 24.88 yuan yesterday when its shares resumed trading after a suspension on Friday. The Shanghai Composite Index was down 2.62 percent. The deal would reduce business overlap between Tianjin Port and its parent and the amount of connected transactions, as well as improve the

John McCain's bid for the Republican presidential nomination received a powerful endorsement from a former Democratic vice-presidential candidate

Related Cos., developer of the Time Warner Center in New York, received equity and debt investments of nearly $1.4 billion from the investment arm of the Abu Dhabi government and others, the privately held real estate company said Monday.

Rates charged for piloting ships through the Houston Ship Channel will go up 6 percent on Jan. 1, with increases of 7 and 8 percent to follow in 2009 and 2010. The Houston Pilots requested the increase, which received unanimous approval by the Port of Houston Authority Commission Tuesday.

Land-starved Amherst received a pre-Christmas gift when the Amherst Town Board agreed to accept an environmental impact study that clears the way for the long-discussed Muir Woods development to move forward.