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Forest Oil sells Texas acreage

DENVER, Sept. 4 (UPI) -- An undisclosed buyer spent $35 million to purchase more than 58,000 gross acres of land in the resource-rich Permian basin in Texas, Forest Oil Corp. said.

Hawker Beechcraft eyes bankruptcy end

WICHITA, Kan., Jan. 28 (UPI) -- Aircraft manufacturer Hawker Beechcraft Inc. is closer to emerging from U.S. Chapter 11 bankruptcy as creditors approve its reorganization plan.

Fed considers extending lending programs

ARLINGTON, Va., July 8 (UPI) -- U.S. Federal Reserve Bank Chairman Ben Bernanke said Tuesday the Fed may extend two temporary lending programs for investment banks.

Houston company to acquire Gulf assets

HOUSTON, Dec. 31 (UPI) -- Houston-based Mariner Energy Inc. will acquire StatoilHydro ASA's U.S. Gulf of Mexico shelf operations.

Plutonic and GE affiliate partner on hydro

VANCOUVER, British Columbia, Nov. 9 (UPI) -- Plutonic Power Corp. and a GE affiliate announced funding for the construction of a 196-megawatt hydroelectric generating facility in British Columbia.

Polymer Group plans public offering

CHARLOTTE, N.C., Nov. 7 (UPI) -- Polymer Group Inc. and a group of shareholders plan to sell about 5.4 million shares of stock, the U.S. maker of engineered materials said.

4 big U.S. banks use Fed's discount window

NEW YORK, Aug. 22 (UPI) -- Four large U.S. banks said Wednesday they each borrowed $500 million from the Federal Reserve's "discount window," adding liquidity to the credit markets.

Limited transfers chain to Sun Capital

COLUMBUS, Ohio, July 9 (UPI) -- Limited Brands Inc. said Monday it would transfer 75 percent of its Limited Stores chain to affiliates of U.S. private-equity firm Sun Capital Partners Inc.

Trimble buying @Road Inc. for $496 million

SUNNYVALE, Calif., Dec. 11 (UPI) -- Trimble Navigation Ltd. is buying @Road Inc., a California company that specializes in Internet information services, for $496 million.

Ford raising the amount it can borrow

NEW YORK, Dec. 6 (UPI) -- Ford Motor Co. is raising from $18 billion to as much as $23 billion a credit line guaranteed by its factories and inventories.

Kyphon Inc. buying St. Francis for $525M

SUNNYVALE, Calif., Dec. 4 (UPI) -- Kyphon Inc., a California company, will pay at least $525 million to buy St. Francis Medical Technologies Inc., a medical device maker.

Ipsco completes purchase of NS Group Inc.

LISLE, Ill., Dec. 1 (UPI) -- Ipsco Inc., a Canadian steel company, said Friday it has purchased NS Group Inc. in a cash-and-stock transaction worth about $1.46 billion.

Layne Christensen buys American Water unit

KANSAS CITY, Kan., Nov. 27 (UPI) -- Layne Christensen Co. has bought American Water's Underground Infrastructure Group, which offers cured, in-place pipe services for sewer lines.

Ford Motor decides to borrow lots of money

DEARBORN, Mich., Nov. 27 (UPI) -- Ford Motor Co. said Monday it lined up $18 billion in financing to cover huge losses at the beleaguered No. 2 U.S. automaker.

Trammel Crow to be sold for $2.2 billion

DALLAS, Oct. 31 (UPI) -- CB Richard Ellis Group Inc. will buy big U.S. homebuilder Trammel Crow Co. in a deal worth about $2.2 billion.

Lonza buys Cambrex units for $460M

EAST RUTHERFORD, N.J., Oct. 24 (UPI) -- New Jersey's Cambrex Corp. said Tuesday it is selling its bioproducts and biopharma businesses to Lonza Group AG for about $460 million.

Kenexa buys BrassRing for $115 million

WAYNE, Pa., Oct. 6 (UPI) -- Kenexa Corp., a Philadelphia-area employment software firm, is buying BrassRing, which makes human resources software for $115 million.

Open Text paying $489M for Hummingbird

WATERLOO, Ontario, Oct. 2 (UPI) -- Canadian software maker Open Text Corp. is paying about $489 million to buy Hummingbird Ltd., a smaller domestic rival.

INVESTools buys thinkorswim for $340M

CHICAGO, Sept. 19 (UPI) -- INVESTools Inc., an investor education company, is buying thinkorswim Group Inc., a Chicago online brokerage platform, for $340 million.

Plymouth Rubber out of Chapter 11

PLYMOUTH, Mass., Sept. 5 (UPI) -- Massachusetts' Plymouth Rubber Company Inc., and its wholly owned Brite-Line Technologies Inc. unit, said Tuesday they have emerged from bankruptcy.

Tiara Medica to Viasys for $24.3 million

OAK FOREST, Ill., July 12 (UPI) -- Viasys Healthcare Inc. said Wednesday it paid $24.3 million to buy Tiara Medical Systems Inc., which is based in Oak Forest, Ill.

Saxon buys seven drilling rigs

CALGARY, Alberta, June 27 (UPI) -- Canada's Saxon Energy Services Inc. is paying $55 million for Kinnell Drilling Ltd. and Kinnell Resource Consultants Ltd. Closing of the all-cash deal, which includes seven drilling rigs, is set for July 1, Saxon said Tuesday.

ShopKo in sale-leaseback deal

GREEN BAY, Wis., May 10 (UPI) -- Spirit Finance Corp. will pay $815.3 million to buy the real estate assets of Wisconsin's ShopKo Stores Inc. and its parent.

XM with refinancing transaction plan

WASHINGTON, April 13 (UPI) -- XM Satellite Radio is going ahead with a refinancing transaction to replace its higher interest rate debt with lower rate debt.

Otelco buys Mid-Maine for $37.8 million

ONEONTA, Ala., April 11 (UPI) -- Alabama's Otelco Inc., a sole wireline phone service provider, will pay $37.8 million in cash to buy Mid-Maine Communications Inc.
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