SALE

Clothing company Jones Apparel Group Inc said it expects after-tax proceeds, net of transaction expenses, of about $840 million as it completed the sale of its Barneys New York Inc unit.

Home Depot Inc said on Tuesday it agreed to cut the price of its supply division sale to buyout firms by $1.8 billion, as a housing market drop and a credit crunch forced all sides to renegotiate. As part of the new agreement, Bain Capital Partners, The Carlyle Group and Clayton, Dubilier & Rice will pay $8.5 billion for the division.

Home Depot Inc agreed to cut the price in its supply division sale to buyout firms by $1.8 billion, sources said on Sunday, as a housing market drop and a credit crunch forced all sides to renegotiate.

Shares of Home Depot Inc were up 1.3 percent on Friday as investors waited for word about whether a sale was on or off for the home improvement retailer's contractor business.

KKR Financial Holdings LLC, a specialty finance firm, on Monday said it planned to sell about $500 million in stock, but could take a $200 million charge from mortgage bond-related losses and be forced to change its tax status.

Japan's Sanyo Electric Co. Ltd. is considering selling its loss-making mobile phone operations and is already in preliminary talks with several domestic cellphone makers, a source close to the matter said.

Nikko Cordial Corp., the Japanese unit of Citigroup, said it was not looking to sell its merchant banking arm, denying a report that it was in talks with Japan's Norinchukin Bank about a potential $3.4 billion deal.

North Dakota's senior U.S. senator plans to support the $4.9 billion sale of Ingersoll-Rand Co.'s Bobcat machinery unit to South Korea's Doosan Infracore.

Warner Music, bruised by the steady decline in CD sales, is mulling the possibility of going private, the New York Post said on Wednesday.

British cable operator Virgin Media on Tuesday postponed the sale of the company after it became apparent buyers would not have access to the debt needed to do a deal right away.

Ford Motor Co. is considering selling its Volvo Cars business as it assesses the future of its European operations, a source familiar with the matter said on Sunday.

Dow Jones & Co. denied on Friday that it has come to an agreement with Rupert Murdoch to sell itself, rebuffing published reports that it accepted News Corp's $5 billion takeover bid.

Russian airline Aeroflot pulled out of the bidding for Alitalia on Wednesday, leaving Rome's auction of the unprofitable airline in danger of collapse with just two players left.

South Korea's National Pension Service is interested in buying a majority stake in Korea Exchange Bank (KEB) from Lone Star, but has had no formal talks with the U.S. investment firm, a senior fund executive said.

U.S. private equity fund Lone Star is in talks with several strategic investors to sell Korea Exchange Bank (KEB), Lone Star chairman John Grayken said in an interview with a local newspaper on Monday.

Home Depot Inc. has agreed to sell its supply division to three private equity firms, sources said on Tuesday, in a deal worth more than $10 billion.

The New York Mercantile Exchange (NYMEX), the world's largest energy market, is exploring a sale for about $14.3 billion, a news agency reported on Friday, as exchanges worldwide hustle for the best merger partners.

A luxury unit in Hong Kong has sold for a record square foot price of HK$41,000 (US$5,247), according to a report.

The Home Depot Inc.(NYSE: HD), the largest home improvement retailer, said Monday that it could sell its wholesale distribution unit as part of its strategic revision.

Anadarko Petroleum Corp. (NYSE: APC) announced on Tuesday the sale of two gas fields off the coast of Louisiana to Exco Resources Inc. (NYSE: XCO) for $1.6 billion.

11,260 sale and purchase agreements of all types of building units were subscribed in September, an surge of 29.8% on August and a rise of 29.3% on the same period last year, Hong Kong Land Registry said.