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 2, 2010, 11:12 pm

Bucks make quick free agency splash, agree to deal with free agent PF Drew Gooden

MILWAUKEE - Everyone who thought the Milwaukee Bucks would be among the most active teams on the first day of NBA free agency, please raise your hands. The Bucks made a surprising early splash Thursday, agreeing in principle to a five-year, $32 million deal with free agent forward Drew Gooden. Agent ... (Source: Minneapolis Star Tribune 2010-07-02T06:15:42Z)

BP shares post 1st weekly gain since blast

NEW YORK — BP shares posted a better than 8 percent gain this week, the first weekly increase since an April explosion on a BP-operated triggered a massive Gulf oil spill. The first of two relief wells that are given the surest chance of plugging BP PLC's gushing well is on target to be finished ... (Source: Huffingtonpost.com 2010-07-02T20:13:13Z)

BP shares score 1st weekly gain since Gulf oil spill began; lost market value still huge

NEW YORK (AP) — BP shares posted a better than 8 percent gain this week, the first weekly increase since an April explosion on a BP-operated triggered a massive Gulf oil spill . The first of two relief wells that are given the surest chance of plugging BP PLC's gushing well is on target to be ... (Source: Chicago Tribune 2010-07-02T20:20:23Z)

Roche Infected With Spirit of Innovation as Genentech Transforms Drugmaker

When Roche Holding AG executives held an investor-day briefing in New York in March, Morgan Stanley analyst Andrew Baum had a question that had nothing to do with new drugs, licensing deals or health-care legislation. "Did the Genentech team hide the ties of the Roche executives?" he asked ... (Source: Bloomberg 2010-06-30T23:57:30Z)

India's gay community celebrates anniversary of landmark verdict decriminalizing ...

MUMBAI, India (AP) — Hundreds of Indian gay rights activists and their supporters celebrated the first anniversary Friday of a landmark court ruling decriminalizing homosexuality and marking their gradual acceptance in ... (Source: FOX News 2010-07-02T18:11:32Z)

Flying high: Google hopes to steer more airline bookings with $700M purchase of ITA ...

SAN FRANCISCO - Google Inc. plans to buy travel technology company ITA Software Inc. in a $700 million deal that would enable the Internet search leader to steer more of the airline reservations booked on the Web. The ... (Source: Minneapolis Star Tribune 2010-07-01T22:01:47Z)

India Official: May Consider Stake Sale in IOC, ONGC

BANGALORE -- The Indian government may consider selling a stake in state-run Indian Oil Corp. and Oil & Natural Gas Corp., Oil Secretary S. Sundareshan said Friday. "There won't be a handing over of government control but there is scope for a small divestment in these companies," Mr. Sundareshan ... (Source: Wall Street Journal 2010-07-02T11:23:30Z)

Forward Alex Tanguay signs with Calgary

CALGARY, Alberta -- Well-traveled forward Alex Tanguay is on his way back to Calgary, agreeing to a one-year deal Thursday with the Flames. Tanguay previously spent two seasons in Calgary, where he had a career-best 81 ... (Source: Washington Post 2010-07-02T00:39:16Z)

Swiss Roche Embraces Genentech Cool to Keep Drug Pipeline Lusty

July 2 (Bloomberg) -- When Roche Holding AG executives held an investor-day briefing in New York in March, Morgan Stanley analyst Andrew Baum had a question that had nothing to do with new drugs, licensing deals or health-care legislation. "Did the Genentech team hide the ties of the Roche ... (Source: BusinessWeek 2010-07-01T22:59:03Z)

Tap Tap Magic: Disney acquires iPhone game maker Tapulous

L OS ANGELES — Walt Disney has acquired Tapulous, the maker of the popular iPhone play-along music game Tap Tap Revenge. Steve Wadsworth, president of the Disney Interactive Media Group, confirmed the deal with The ... (Source: Boston Herald 2010-07-01T22:59:03Z)

German criticism hits bank stress tests - sources

HANOVER/FRANKFURT, July 2 (Reuters) - Rising criticism in Germany over assumed potential "haircuts" for European bank holdings of sovereign debt is complicating planned EU stress tests, regulatory and financial sources told Reuters. German banks, backed by the Bundesbank, are balking at an across ... (Source: The Guardian 2010-07-02T12:13:37Z)

Minnesota Wild sign pair of prospects, center Warren Peters and defenseman Drew Bagnall

ST. PAUL, Minn. (AP) — The Minnesota Wild have signed a pair of prospects, center Warren Peters and defenseman Drew Bagnall. The deals were announced Friday. Peters gets a two-year deal and Bagnall gets a one-year deal. Both players signed two-way contracts, meaning they make less money when they ... (Source: WGNtv.com 2010-07-02T19:15:57Z)

Disney acquires Tapulous, maker of popular iPhone game Tapulous

LOS ANGELES (AP) — Walt Disney has acquired Tapulous, the maker of the popular iPhone play-along music game Tap Tap Revenge. Steve Wadsworth, president of the Disney Interactive Media Group, confirmed the deal with The ... (Source: Fort Lauderdale Sun-Sentinel 2010-07-01T22:08:56Z)

SAP Extends Sybase Bid, Awaits EU Clearance

German business software maker SAP AG said Friday that it has extended its $5.8 billion tender offer for U.S. database software maker Sybase Inc. because the deal hasn't yet been cleared by European regulators. SAP said the offer of $65 per share, which was scheduled to expire July 1, has now been ... (Source: ABC News 2010-07-02T12:49:24Z)

Flames go against conventional wisdom with Jokinen deal

CALGARY — If Calgary Flames general manager Darryl Sutter's love for Olli Jokinen was unconditional, why did he ever trade the big centre last season? It was a question Sutter was not willing to answer Thursday after ... (Source: Calgary Herald 2010-07-02T05:32:45Z)

Canucks sign sought after D Hamhuis to six-year deal

VANCOUVER, British Columbia -- Highly sought after free agent defenseman Dan Hamhuis finally found a home - close to home - with the Vancouver Canucks. Twice traded since the end of the season to teams hoping to sign the ... (Source: Washington Post 2010-07-02T04:06:51Z)

Free-agent forward Alex Tanguay signs 1-year deal with Calgary Flames

CALGARY, Alberta (AP) — Well-traveled forward Alex Tanguay is on his way back to Calgary, agreeing to a one-year deal Thursday with the Flames. Tanguay previously spent two seasons in Calgary, where he had a career ... (Source: Los Angeles Times 2010-07-02T00:39:16Z)

Minnesota Wild sign prospects Warren Peters and Drew Bagnall to contracts

ST. PAUL, Minn. - The Minnesota Wild have signed a pair of prospects, centre Warren Peters and defenceman Drew Bagnall. The deals were announced Friday. Peters gets a two-year deal and Bagnall gets a one-year deal. Both players signed two-way contracts, meaning they make less money when they're in ... (Source: FAN 590 Toronto 2010-07-02T19:37:26Z)

Best Practices LLC Report Delivers Key Metrics Behind Building and Maintaining an Effective Medical Science Liaison Group

CHAPEL HILL, N.C. , July 2 -- Pharmaceutical and biotechnology organizations are increasingly relying on Medical Science Liaisons to share their products' science story with Key Opinion Leaders. Not only have organizations found these medical specialists are more likely than traditional sales ... (Source: Earthtimes 2010-07-02T15:12:34Z)

Canucks sign sought after defenseman Hamhuis to 6-year deal

VANCOUVER, British Columbia -- Highly sought after free agent defenseman Dan Hamhuis finally found a home -- close to home -- with the Vancouver Canucks . Twice traded since the end of the season to teams hoping to sign ... (Source: CBS Sports 2010-07-02T02:55:16Z)

Google's ITA Acquisition to Face Scrutiny, UBS Says

Google's $700 million takeover of flight-information provider ITA Software is likely to face regulatory scrutiny because of Google's large market share in Internet search, UBS analyst Brian Pitz said Friday Google's ... (Source: San Jose Mercury News 2010-07-03T03:44:11Z)

UPDATE: EU Exploring Feasibility Of Financial Transaction Tax

BRUSSELS -(Dow Jones)- The European Commission said Friday it is exploring the possibility of taxing financial transactions in Europe, despite the slim chances of a global agreement. The commission is also looking at the possibility of a tax on the profits and assets of financial companies, it said ... (Source: NASDAQ 2010-07-02T13:18:02Z)

Wild sign prospects Peters, Bagnall

ST. PAUL, Minn. -- The Minnesota Wild have signed a pair of prospects, center Warren Peters and defenseman Drew Bagnall. The deals were announced Friday. Peters gets a two-year deal and Bagnall gets a one-year deal. Both players signed two-way contracts, meaning they make less money when they're in ... (Source: Forbes 2010-07-02T19:23:07Z)

Canucks sign D Hamhuis to 6-year deal

VANCOUVER - Dan Hamhuis (notes) turned down more money from other teams for a chance to play at home and maybe win a Stanley Cup. The free-agent defenseman agreed to a US$27-million, six-year deal with the Vancouver ... (Source: YAHOO! 2010-07-02T01:43:41Z)

Total CEO says not mulling BP deal

AFP - Total chief executive Christophe de Margerie said Friday that the French oil group was not considering buying its embattled rival BP, whose market value has dropped by half over the Gulf of Mexico oil spill. "We are not looking into buying BP," Margerie told journalists at an economics ... (Source: France 24 2010-07-02T19:23:07Z)

Bucks agree to deal with free agent PF Gooden

The Bucks made a surprising early splash Thursday, agreeing in principle to a five-year, $32 million deal with free agent forward Drew Gooden. Agent Stu Lash told The Associated Press that Gooden agreed to sign with the Bucks for the mid-level exception. Gooden is represented by Lash and Dan Fegan ... (Source: Atlanta Journal Constitution 2010-07-01T23:34:50Z)

India gays celebrate 1 year since landmark verdict

MUMBAI, India (AP) ---- Hundreds of Indian gay rights activists and their supporters celebrated the first anniversary Friday of a landmark court ruling decriminalizing homosexuality and marking their gradual acceptance ... (Source: North County Times 2010-07-03T04:55:46Z)

Report: Bucks, Salmons agree to $40M deal

Another day, another deal for the Milwaukee Bucks , who have suddenly become one of the biggest buyers during the most-hyped free agency period in NBA history. The greatest free-agent class in NBA history is listening to offers and choosing teams. Keep up with all the latest news and rumors . The ... (Source: FOXSports.com 2010-07-02T22:36:23Z)

Google muscles into travel market, buys airfare search firm

SAN FRANCISCO — Google Inc . plans to buy travel technology company ITA Software Inc. in a $700 million deal that would enable the Internet search leader to steer more of the airline reservations booked on the Web ... (Source: USA Today 2010-07-02T08:38:52Z)

UPDATE 1-Disney buys iPhone game maker Tapulous

SAN FRANCISCO July 1 (Reuters) - Walt Disney Co ( DIS.N ) said on Thursday it has acquired startup iPhone app developer Tapulous, as the company continues its push into mobile games. Terms of the deal were not disclosed ... (Source: Reuters 2010-07-01T22:44:44Z)

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