Friday, January 30, 2009
Toyota recalls 58,000 cars in Canada
Toyota is recalling 58,000 of its Yaris models sold in Canada because of a seatbelt defect, company spokeswoman Dawn Soulis said Wednesday.
Thursday, January 29, 2009
Times Co. Nears Deal On Building
By RUSSELL ADAMS and PETER GRANT
New York Times Co. is nearing a deal to sell a portion of its Midtown Manhattan headquarters in the latest of a string of recent efforts to reduce its debt load.
The deal under discussion is a sale-leaseback transaction in which Times Co. would sell the 19 floors it occupies at its 52-story headquarters to W.P. Carey & Co., an investment-management company, a person familiar with the talks said. Times Co. would continue to occupy and manage the space and have the right to buy it back in 10 years when its lease expires. Times Co. owns an additional six floors that it leases to other tenants; those floors aren't part of the deal.
Times Co. Nears Deal On Building
By RUSSELL ADAMS and PETER GRANT
New York Times Co. is nearing a deal to sell a portion of its Midtown Manhattan headquarters in the latest of a string of recent efforts to reduce its debt load.
The deal under discussion is a sale-leaseback transaction in which Times Co. would sell the 19 floors it occupies at its 52-story headquarters to W.P. Carey & Co., an investment-management company, a person familiar with the talks said. Times Co. would continue to occupy and manage the space and have the right to buy it back in 10 years when its lease expires. Times Co. owns an additional six floors that it leases to other tenants; those floors aren't part of the deal.
