666 Fifth

Vornado Realty Trust said it agreed to buy a portion of the retail space at Manhattan’s 666 Fifth Ave., along the world’s priciest shopping corridor, for about $707 million.

SEC Champ

Norm Champ, a former general counsel to hedge-fund manager Chilton Investment, has been appointed director of the SEC’s Investment Management unit.

Activision pay

Activision Blizzard, put on the block by majority shareholder Vivendi SA, gave Co-Chairman Brian G. Kelly a new contract that provides $15 million or more in a change of control.

Plastic deal

Visa and MasterCard, the biggest payment networks, are prepared to settle a seven-year lawsuit brought by retailers to cut their credit-card costs later this month, three people briefed on the talks said.

Forest suit

Forest Laboratories was sued for at least $100 million by four former sales representatives who accused the New York-based drugmaker of discriminating against women, including those who become pregnant.