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* Tiffany & Co. said it bought the land and building housing its flagship Fifth Avenue store for $94 million in cash. The retailer of jewelry and other luxury items had been leasing the 124,000-square-foot building at Fifth and 57th Street. The building was originally designed for Tiffany, which opened the store in 1940.
* Medtronic Inc., the world’s largest pacemaker company, said earnings rose 20% in its fiscal second quarter to $257.5 million, or 22 cents a share, as sales jumped 18% to $1.16 billion. Separately, the company won Food and Drug Administration approval for its implantable device designed to relieve leg and back pain. The device, called Synergy, is aimed at patients who have had spine surgery in the last five years.
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