• Istithmar to buy Barneys; rival bidder quits

    Dubai-based Istithmar is set to buy Jones Apparel Group Inc.'s Barneys New York for $942.3 million after Japanese casual-clothing retailer Fast Retailing Co. Ltd. on Thursday pulled out of the bidding war. The retreat by Fast Retailing ended a month-long tug-of-war over the luxury department store chain, although the operator of the Uniqlo stores has no intention of slowing down its overseas expansion drive.