Business Purchase

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Newsday pending new owner

Three media moguls are eager to buy the Long Island newspaper Newsday from the debt-laden Tribune Co.

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Ross offers over one billion dollars to H&R Block

Billionaire investor Wilbur Ross said on Monday that he would buy H&R Block Inc's mortgage servicing business for $1.1 billion.

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Huaneng Group makes its largest overseas purchase

Singapore state investor Temasek Holdings TEM.UL on Friday reported China's Huaneng Group will pay S$4.2 billion ($3.04 billion) for Tuas Power, the largest overseas purchase by a Chinese power firm.

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Hana Bank to purchase Merrill Lynch shares worth 50 million dollars

Hana Financial Group, one of the largest financial firms in South Korea, intends to buy Merrill Lynch shares worth $50 million.

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Advanced Micro Devices to Offer $1.5 Billion of Convertible Senior Notes

Advanced Micro Devices, Inc. announced its intention to offer, subject to market and other conditions, $1.5 billion aggregate principal amount of convertible senior notes in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.

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Stan Kroenke purchases ITV's Arsenal stake

Stan Kroenke announced today the unconditional purchase from ITV plc of its 9.99 percent shareholding interest in Arsenal Holdings plc, and that his organization has also entered into conditional arrangements with ITV plc in relation to the sale of its 50 percent shareholding in Arsenal Broadband Limited.

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