purchase

Facebook Buying Unused Headquarters From REI Retailer

(CNN) - Facebook is buying a new corporate campus, despite its plan to allow more employees to work from home. The social media giant is buying the corporate headquarters of outdoor retailer, REI. I planned to move into the…

Fatburger Owner Buying Johnny Rockets For $25M

(CNN) - Wall Street is finding a $25 million burger merger very appetizing. The stock for fat brands was up 160% on Thursday morning on the news that Fatburger is acquiring Johnny Rockets. Like much of the restaurant industry,…

Washington State Raises Age to Purchase Guns

(CNN) - Washington state has passed a new comprehensive gun safety law. Residents voted Tuesday to raise the purchase age from 18 to 21. Safety training will also be required for firearm purchases under the new law along with…

Disney Wins Approval to Purchase Most of Fox

(CNN) - A $71-billion deal between Disney and Fox is a-go. The Justice Department's anti-trust division Wednesday approved Disney's purchase of most of 21st Century Fox's assets. The decision comes after Disney upped its offer Wednesday morning for Fox's…

Reports: Albertsons Buying Chunk Of Rite Aid

(CNN) - Albertsons is making a major purchase. The grocery store company is picking up a chunk of Rite Aid, according to the Wall Street Journal. The two organizations are worth roughly $24-billion, combined, including debt. Albertsons is collecting the…

Michael Kors to Buy Jimmy Choo for $1.2B

(CNN) - Jimmy Choo has a new owner. Michael Kors announced on Tuesday that it will purchase the luxury brand for $1.2 billion, in cash. London-based Jimmy Choo made its debut in 1996, and was put up for sale earlier…