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, 8:14 pm

Total not mulling over BP deal

AIX-EN-PROVENCE (France) - TOTAL chief executive Christophe de Margerie said on 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,' Mr Margerie told ... (Source: Straits Times 2010-07-03T00:09:27Z)

Gulf Travel Deals Spread Wider Than Oil

NEW YORK -- As more oil from the Gulf of Mexico washes up on surrounding beaches, tourism in many Southeastern states is fading - even in areas far away from the gooey mess. But hotels from Texas to Florida and some ... (Source: WSB-TV Atlanta 2010-07-01T14:52:17Z)

UPDATE 1-Emerson fights ABB with $1.5 bln bid for Chloride

LONDON, June 29 (Reuters) - Spurned U.S. suitor Emerson Electric ( EMR.N ) upped its cash offer for Chloride ( CHLD.L ) to $1.5 billion, seeking to tempt the British group away from a recommended $1.25 billion deal from ... (Source: Reuters 2010-06-29T07:09:22Z)

Google books $700M deal for travel tech co.

G oogle Inc. plans to buy travel technology company ITA Software Inc. of Cambridge in a $700 million deal that would enable the Internet search leader to steer more of the airline reservations booked on the Web. The all ... (Source: Boston Herald 2010-07-02T14:29:37Z)

Gulf travel deals spread more widely than oil

Tourism in southeastern states is fading, even in areas far from the Gulf oil spill, and discounts are being offered. NEW YORK — As more oil from the Gulf of Mexico washes up on surrounding beaches, tourism in many ... (Source: Seattle Times 2010-07-01T19:24:18Z)

Pacquiao-Mayweather agree to terms on fight

Representatives for Manny Pacquiao and Floyd Mayweather have agreed to terms on a megafight, Top Rank promoter Bob Arum told SI.com on Wednesday. The deal still needs to be approved by Mayweather. Arum did not disclose terms of the deal, which is expected to be a 50-50 split and include some form of ... (Source: CNN Sports Illustrated 2010-06-29T23:58:41Z)

Bly returns to Lions with two-year deal

Cornerback Dre Bly, a bright spot during the Lions' dark years of the past decade, heard the atmosphere had changed since his departure in 2007. Now, he gets a chance to see if that's true, signing a two-year deal with ... (Source: Detroit News 2010-07-02T22:29:14Z)

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)

Slick travel deals in oil-drenched Gulf

NEW YORK (AP) — As more oil from the Gulf of Mexico washes up on surrounding beaches, tourism in many Southeastern states is fading — even in areas far away from the gooey mess. But hotels from Texas to Florida and ... (Source: Salem News 2010-07-02T09:07:30Z)

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)

James gets visitors, and Gay gets a big contract

While LeBron James listened to reasons why he should leave his team, Rudy Gay was given a huge reason to stay. The first big deal of the free agency period went to Gay, who agreed to a five-year deal with the Memphis Grizzlies on Thursday that will pay him more than $80 million, according to a ... (Source: ESPN.com 2010-07-01T22:59:03Z)

Sparks fly as Emerson tops ABB's Chloride deal

LONDON (Reuters) - Spurned U.S. suitor Emerson Electric ( EMR.N ) upped its cash offer for Chloride ( CHLD.L ) more than a third to $1.5 billion, seeking to tempt the British group away from a recommended $1.25 billion ... (Source: Reuters 2010-06-27T23:53:54Z)

AP source: Gay, Grizzlies agree on max deal

A person with knowledge of the negotiations says that Memphis forward Rudy Gay has agreed to a five-year max contract with the Grizzlies. The deal will pay Gay more than $13 million per season, according to the person, who spoke to The Associated Press on condition of anonymity because the deal can ... (Source: San Jose Mercury News 2010-07-01T19:38:37Z)

Back to the Lions' den: CB Dre' Bly signs two-year deal with Detroit

The Detroit Lions announced they have signed unrestricted free-agent cornerback Dre' Bly to a two-year deal. Financial terms were not disclosed. Bly, 33, played for the Lions in 2003-06. He was traded to Denver following ... (Source: USA Today 2010-07-02T23:33:39Z)

Pao de Acucar to Invest in Globex as Casas Bahia Deal Revised

July 2 (Bloomberg) -- Cia. Brasileira de Distribuicao Grupo Pao de Acucar, Brazil's biggest retailer, will invest in its Globex Utilidades SA unit and gain a larger stake under revised terms for the takeover of rival Casas Bahia Comercial Ltda. The retailer will spend at least 689.8 million reais ... (Source: BusinessWeek 2010-07-02T12:27:56Z)

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)

Google Air? $700 million deal for online flight information

Mountain View Internet giant Google revealed Thursday that it intends to buy ITA Software for $700 million. The Cambridge, Mass., company — founded in 1996 by Massachusetts Institute of Technology computer scientists ... (Source: San Jose Mercury News 2010-07-02T14:29:37Z)

Chloride accepts Emerson's $1.5B bid

The board of British power supply company Chloride Group said Friday it plans to unanimously recommend that shareholders accept a $1.5 billion takeover bid from Emerson . Emerson and Chloride both provide uninterruptible power supply systems for computers and hospitals. Emerson plans to make ... (Source: Birmingham Business Journal 2010-07-02T11:52:08Z)

Manny Pacquiao And Floyd Mayweather To Fight In November? [PHOTOS]

It is being reported on si.com that the representatives for Manny Pacquiao and Floyd Mayweather Jr. have agreed on terms for a megafight that would take place Nov. 13 of this year. Terms of the deal have yet to be ... (Source: Gather.com 2010-06-30T22:02:58Z)

Deals of the day -- mergers and acquisitions

July 2 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2000 GMT on Friday. ** French drugmaker Sanofi-Aventis is looking at several U.S ... (Source: The Guardian 2010-07-02T20:06:04Z)

Report: Pacquiao agrees to fight Mayweather in November

Representatives for Manny Pacquiao and Floyd Mayweather have agreed to a bout between the two fighters to be held Nov. 13, SI.com reports. Top Rank promoter Bob Arum told SI.com on Wednesday that the deal still needs to ... (Source: New York Post 2010-06-30T23:00:14Z)

UPDATE 1-Pao de Acucar, Casas agree to sweeten merger accord

SAO PAULO, July 2 (Reuters) - Grupo Pao de Acucar ( PCAR5.SA ), Brazil's largest retail group, said on Friday it agreed to sweeten terms of a takeover accord with rival Casas Bahia, putting an end to months of wrangling over the combination. Under terms of the revised accord, Casas Bahia will be ... (Source: Reuters 2010-07-02T13:32:21Z)

Lions Ink CB Dre Bly to a Two-Year Deal

I was looking at my fantasy football roster this morning deciding whether or not I should keep Roddy White, and it made me think of Dre Bly.  Last season Dre Bly intercepted a Matt Ryan pass and took it back the other way.  In typical Dre Bly fashion, he began holding the ball in one hand and high ... (Source: NFL GridIron Gab 2010-07-02T23:47:58Z)

Maker of Nokona baseball gloves to stay in Texas under new equity deal

A fourth-generation Texas company known as the last U.S. maker of baseball gloves found a new investor to buy out its Massachusetts partners in a dispute that will keep its operations in Texas. FILE 2008/The Associated ... (Source: Dallas Morning News 2010-07-03T03:08:24Z)

NBA Free Agency Features LeBron James, Friend Of Musical Free Agency All-Star Drake

Not only is today Canada Day, but it also represents the first day of the free agency period in the NBA. Under normal circumstances, that's not such a big deal, as it just means that dudes who were already rich are going to get more money for wearing a different shirt in a different city. But this ... (Source: MTV 2010-06-30T23:57:30Z)

Proposed holding company for Plano's SharePlus Federal Bank to go public

The proposed holding company of Plano-based SharePlus Federal Bank is aiming to raise up to $19.8 million in an initial public offering, according to documents filed Friday with the U.S. Securities and Exchange ... (Source: Dallas Morning News 2010-07-03T03:08:24Z)

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