CIBC selling US credit card issuer

Other author's news:

• CN Rail posts record quarterly profit - MONTREAL - Canadian National Railway Co. (TSX:CNR) said higher revenue from grain shipments and improved market share helped it post a record quarterly profit.
• West Fraser shares jump on deal for Weldwood - VANCOUVER - Shares of West Fraser Timber Co. Ltd. jumped almost eight per cent in early trading Thursday, a day after the company announced plans to buy Weldwood of Canada Ltd. for $1.26 billion in cash.
• Bryden quits World Heart post - OTTAWA - Ottawa entrepreneur Rod Bryden has resigned as president and CEO of World Heart Corp. Wednesday's announcement came just two weeks after the heart-pump company warned that sales would be less than expected.

Similar news:

• Barclays buys CIBC credit-card unit - NEW YORK (CBS.MW) -- UK bank Barclays said Wednesday it has agreed to buy credit-card issuer Juniper Financial from Canadian Imperial Bank of Commerce for $293 million in cash.
• Barclays to Buy CIBC Credit Card Unit for $293 Mln (Update3) - Aug. 18 (Bloomberg) -- Barclays Plc, the UK's third- biggest bank, agreed to buy Juniper Financial Corp. from Canadian Imperial Bank of Commerce for $293 million in cash to expand into the world's biggest credit card market.
• Dillard's Sells Credit-Card Operation - Dillard's Inc. said Sunday it has agreed to sell Dillard National Bank, which handles credit cards for the national department store chain, to GE Consumer Finance for about $1.25 billion.

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