Deals of the Hour

Trying to find out what's the deal with the world, tracking what's on sale and who's talking about it on Twitter. Update hourly.

Deals of the Hour / July 1, 2010, 3:12 pm

Rudy Gay Signs Five-Year Deal With Memphis

It appears former Husky Rudy Gay is the first free agent to sign a mega-deal. Here's the report from The Associated Press: Rudy Gay landed the first max deal of the summer while LeBron James, Dwyane Wade and the rest of ... (Source: Hartford Courant (blog) 2010-07-01T21:54:37Z)

Police seek mischief maker dressed as leprechaun

BOULDER, Colo. (AP) — Police responding to reports of a man leaping between cars in a Colorado supermarket parking lot didn't need a detailed description of the suspect. Boulder Police Sgt. Fred Gerhardt said witnesses ... (Source: The Guardian 2010-07-01T20:57:21Z)

Carl Icahn Says He Will Not Extend $7 Per Share Offer For Lions Gate (LGF)

Jun 28, 2010 (SmarTrend News Watch via COMTEX) -- 6/28/2010-Billionaire investor Carl Icahn announced that he will not be extending his $7 per share offer to acquire Lions Gate Entertainment (NYSE:LGF), which is due to ... (Source: TMCnet 2010-06-28T18:52:04Z)

Pepco Holdings Finalizes Sale of Conectiv Energy's Generation Business

WASHINGTON--(BUSINESS WIRE)--Pepco Holdings, Inc. (NYSE: POM - News ) today announced that it has completed the sale of its Conectiv Energy power generation business to Calpine Corporation for $1.63 billion after ... (Source: Yahoo Finance 2010-07-01T15:28:04Z)

DynCorp extends deadline for offers to buy back $376.2 million in debt

FALLS CHURCH, Va. (AP) — DynCorp International Inc. said Wednesday a subsidiary is extending the deadline for a tender offer to buy back the $376.2 million debt outstanding under senior notes due in 2013. The offer for the notes, which have a 9.5 percent interest rate, was originally set to expire ... (Source: Chicago Tribune 2010-06-30T18:13:54Z)

GE making investment in Idaho wind-energy projects

General Electric Co. is taking a stake in 11 wind farms in Idaho, according to the company selling the assets. Exergy Development Group, a wind-farm developer based in Boise and Helena, Mont., said GE Energy Financial Services did not publicly disclose terms of its investment. The total value of the ... (Source: Product Design & Development 2010-07-01T20:14:24Z)

Agreement reached for sale of Maryville Daily Times to Jones family, owners of the ...

Gregg Jones, right, President and CEO of Blount County Publishers, LLC, and Jones Media, Inc., shakes hands with Peter Horvitz, President and CEO of Horvitz Newspapers, LLC, owner of The Daily Times of Maryville. Jones (Source: News-Herald.net 2010-07-01T13:12:04Z)

Stars won't offer new contract to franchise icon Mike Modano; retirement question still looms

DALLAS (AP) — If Mike Modano plays a 21st season in the NHL, it won't be with the Dallas Stars. The face of the franchise that proved hockey could thrive in the South will not be offered a contract by the Stars when ... (Source: Los Angeles Times 2010-06-29T18:36:34Z)

Pepco Holdings Finalizes Sale of Conectiv Energy's Generation Business

WASHINGTON--( BUSINESS WIRE )--Pepco Holdings, Inc. (NYSE:POM) today announced that it has completed the sale of its Conectiv Energy power generation business to Calpine Corporation for $1.63 billion after adjustment ... (Source: Business Wire 2010-07-01T01:30:33Z)

Daily Times in Maryville to be sold to Jones Media

MARYVILLE, Tenn. — The owner of The Daily Times of Maryville and Jones Media Inc. announced an agreement in principal Thursday for the sale of The Daily Times and its websites. "The offer from Jones Media to purchase ... (Source: Knoxville News Sentinel 2010-07-01T19:17:08Z)

Paper: NFL QB Chris Simms arrested in New York City, accused of driving under ...

Tennessee Titans QB Chris Simms was arrested in New York on Thursday on charges of operating a vehicle while under the influence of marijuana, the New York Post and New York Daily News reported. Simms, the son of former ... (Source: USA Today 2010-07-01T20:57:21Z)

About our numbers

The charts and data that accompany this feature were produced for Washington Technology by investment bank Aronson Capital Partners. Much of the data is drawn from the government filings and financial results of the so-called pure play government contractors. The companies in this group are CACI ... (Source: Washington Technology 2010-07-01T20:21:34Z)

High-risk health insurance pool to launch in Montana as part of federal reforms

HELENA, MONT. — Uninsured Montanans with high-risk health conditions can sign up for a new insurance pool that's part of the health care overhaul passed by Congress. Montana joins Pennsylvania as the first states to offer such coverage when the pool is launched Thursday. The federal government is ... (Source: San Francisco Examiner 2010-06-30T19:18:19Z)

The Denali Fund Announces Additional Increase in Price and Extension of Time for Cash Tender Offer for Its Outstanding Auction Preferred Shares

BOULDER, Colo.--( BUSINESS WIRE )--The Denali Fund Inc. (NYSE: DNY) announced today that it has amended its cash tender offer for up to 400 of its outstanding Series A auction preferred shares ("APS Shares"). The amended offer increases the purchase price to 85% of the liquidation preference of $25 ... (Source: Business Wire 2010-06-30T07:43:58Z)

Morgan Stanley May Hire 500 Bankers in Lending Push

July 1 (Bloomberg) -- Morgan Stanley, owner of the world's largest brokerage, hired 100 bankers and may quintuple their numbers by the end of 2011 to offer more products such as jumbo mortgages and structured loans to Morgan Stanley Smith Barney clients, a person with knowledge of the strategy ... (Source: Bloomberg 2010-07-01T12:57:45Z)

Morgan Stanley private bank targeting MSSB clients: Source

Morgan Stanley, owner of the world's largest brokerage, hired 100 bankers and may quintuple their numbers by the end of 2011 to offer more products such as jumbo mortgages and structured loans to Morgan Stanley Smith Barney clients, a person with knowledge of the strategy said. Morgan Stanley Smith ... (Source: InvestmentNews 2010-07-01T12:00:29Z)

Report: Titans QB Simms arrested on pot charge

Titans quarterback Chris Simms was arrested on Thursday morning on charges of driving while impaired by marijuana, according to a report from the New York Post. Simms, the team's No.3 quarterback and the son of former Giants quarterback Phil Simms, was observed with red eyes, flushed face and ... (Source: Nashville Tennessean 2010-07-01T16:46:49Z)

'Leprechaun' pretends to shoot with fingers

BOULDER, Colo. – Police responding to reports of a man leaping between cars in a Colorado supermarket parking lot didn't need a detailed description of the suspect. Boulder Police Sgt. Fred Gerhardt said witnesses on ... (Source: AZCentral.com 2010-07-01T20:21:34Z)

Jones Media, Horvitz Newspapers reach agreement over sale of The Daily Times of ...

MARYVILLE, Tenn. (AP) — The owners of The Daily Times of Maryville and Jones Media Inc. say they have reached agreement in principle for the sale of the newspaper and its websites. The Maryville daily is owned by ... (Source: WREG 2010-07-01T20:00:05Z)

Pending sale has Warriors waiting

Advice to Warriors fans awaiting a big splash to change the complexion of the team and improve its chances for success: Patience is a virtue. The likelihood is that a major move won't be coming until the latter half of the offseason, if at all. General manager Larry Riley's hands are tied by the ... (Source: San Jose Mercury News 2010-06-28T16:14:35Z)

Titans' Simms arrested for driving under the influence

In a story first detailed by the New York Post, Tennessee Titans quarterback Chris Simms was reportedly stopped early this morning while driving with his pregnant wife through a NYPD Manhattan South Task Force checkpoint ... (Source: Fantasy Football Toolbox 2010-07-01T21:18:50Z)

High-risk health insurance pool to launch in Mont.

HELENA, Mont. -- Uninsured Montanans with high-risk health conditions can sign up for a new insurance pool that's part of the health care overhaul passed by Congress. Montana joins Pennsylvania as the first states to offer such coverage when the pool is launched Thursday ... (Source: Forbes 2010-06-30T19:32:38Z)

Analyst sees trouble for Lions Gate shares as Icahn's buyout offer expires

NEW YORK (AP) — Shares of Lions Gate Entertainment Corp. are likely to slide without the support of Carl Icahn's offer to buy the movie company, a Jefferies & Co. analyst said Thursday as he cut his rating on the stock. "Absent Icahn's tender offer we see more downside risk to the (company's ... (Source: Chicago Tribune 2010-07-01T12:36:17Z)

DynCorp extends deadline on $376M debt buyback

DynCorp International Inc. said Wednesday a subsidiary is extending the deadline for a tender offer to buy back the $376.2 million debt outstanding under senior notes due in 2013. The offer for the notes, which have a 9.5 percent interest rate, was originally set to expire at midnight on July 2. Now ... (Source: AP - msnbc.com 2010-06-30T18:06:45Z)

Stars will not offer contract to Michigan's Mike Modano

Dallas -- If Westland's Mike Modano plays a 21st season in the NHL, it won't be with the Dallas Stars. The face of the franchise that proved hockey could thrive in the South will not be offered a contract by the Stars ... (Source: Detroit News 2010-06-29T20:02:28Z)

Wings unlikely destination for Mike Modano, actress wife

Detroit -- It's an interesting idea, but the chances of Mike Modano ending his career in with the Red Wings appear slim. Modano's wife is actress Willa Ford. The couple wouldn't mind settling in Los Angeles to stop the ... (Source: Detroit News 2010-07-01T21:33:09Z)

PHI finalizes sale of Conectiv Energy to Calpine Corp.

Washington, D.C., June 30, 2010 — Pepco Holdings, Inc. completed the sale of its Conectiv Energy power generation business to Calpine Corp. for $1.63 billion after adjustment. "The sale re-positions PHI as ... (Source: PennEnergy 2010-06-29T23:58:41Z)

Icahn says he will not extend Lions Gate offer worth $7 per share

NEW YORK, N.Y. - Billionaire activist investor Carl Icahn says he will not extend his offer for Lions Gate Entertainment Corp., worth $7 per share, which expires at the end of the month. Icahn, who has led a battle to ... (Source: Brandon Sun 2010-06-28T21:00:55Z)

BofA closes sale of First Republic Bank

Bank of America Corp. has completed its sale of First Republic Bank of San Francisco to a private-equity investor group, First Republic says. The group, led by Colony Capital and General Atlantic , poured $1.86 billion in new equity capital into the deal. No leverage was used in the transaction. The ... (Source: Greensboro Business Journal 2010-07-01T18:41:21Z)

Rudy Gay receives qualifying offer from Grizzlies

Restricted free agent Rudy Gay has received a qualifying offer from the Memphis Grizzlies . The qualifying offer means the Grizzlies have the right of first refusal should another team try to sign Gay, their longest-tenured player. It also means the Grizzlies are apparently willing to see what the ... (Source: FOXSports.com 2010-06-30T21:27:10Z)

Blog Archive