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 27, 2010, 8:40 am

United, Continental reach transition deal with pilots

Continental Airlines and United Airlines announced Tuesday they've reached a transition agreement with their pilots unions to handle matters during their planned merger. This isn't a deal that determines how the two ... (Source: Dallas Morning News (blog) 2010-07-20T14:51:13Z)

Yahoo Japan to Use Google Search, Not Bing

The spectactular search deal Microsoft and Yahoo struck last summer doesn't extend to all country markets. In Japan, Yahoo search will be powered by Google ( GOOG ) in the future, as announced [JP] on the ... (Source: Seekingalpha.com 2010-07-27T13:59:58Z)

German automaker BMW, US Olympic Committee make 6-year sponsorship deal official

BMW and U.S. Olympic Committee officials say there's nothing contradictory about a German automaker sponsoring American athletes. The two organizations made the six-year deal official Monday at a news conference at a BMW ... (Source: FOX News 2010-07-26T17:07:16Z)

Yahoo Japan Switches To Google, Will Microsoft Block The Deal?

AllThingsD reported that the Softbank majority owned Yahoo Japan has decided to replace Yahoo Search (soon Yahoo-Bing) with Google. Yahoo owns a minority stake in Yahoo Japan and so can't control or block the decision ... (Source: Searchengineland.com 2010-07-27T13:02:42Z)

Bengals make offer to Terrell Owens

Much like they were in March, the Bengals are in a one-team race for Terrell Owens. The Bengals have extended an offer to Owens, which is now the only one the receiver has on the table after the Rams decided ... (Source: Cincinnati.com 2010-07-27T10:18:04Z)

Wyndham wraps $350M notes securitization

PARSIPPANY, N.J. — Wyndham Worldwide Corp. said Monday it has completed a term securitization involving $350 million of asset-backed notes. An indirect subsidiary of the lodging company issued $286 million ... (Source: msnbc.com 2010-07-26T19:37:36Z)

Aircastle plans senior notes offer of $300M

STAMFORD, Conn. - Aircastle Ltd., which leases planes to the airline industry, said Monday it plans an offering of notes to pay off debts and buy aviation assets. The company said it will offer $300 million of ... (Source: CNBC 2010-07-26T17:43:04Z)

New Timeshare ABS Deal Closes Amid Market Uncertainty

Wyndham Worldwide Corp. said it completed a term securitization transaction involving the issuance of $350 million of investment-grade ABS notes called Sierra Timeshare 2010-2 Receivables Funding. The deal ... (Source: Structured Finance News 2010-07-26T19:44:45Z)

Aircastle Announces Proposed Private Placement of $300 Million Aggregate Principal ...

STAMFORD, Conn., July 26 /PRNewswire-FirstCall/ -- Aircastle Limited (NYSE: AYR) (" Aircastle ") announced today that it plans to offer $300 million aggregate principal amount of senior unsecured notes due ... (Source: Forbes 2010-07-26T11:30:50Z)

United Airlines execs leaving in Continental deal

The parent company of United Airlines says two top executives are leaving the company once it combines with Continental Airlines Inc. UAL Corp., based in Chicago, said Tuesday that United Airlines President John Tague ... (Source: AP - msnbc.com 2010-07-27T13:52:49Z)

United president Tague, CFO Mikells to leave company after Continental deal closes

UAL Corp., based in Chicago, said Tuesday that United Airlines President John Tague and Chief Financial Officer Kathryn Mikells will depart once the deal closes in the fall. Tague joined the company in 2003 ... (Source: Los Angeles Times 2010-07-27T13:52:49Z)

Ilya Kovalchuk $102 Million Deal Headed To Arbitration

Ilya Kovalchuk's 17-year, $102 million contract with the New Jersey Devils will go to arbitration after the NHL Players Association (NHLPA) filed a grievance against the league on Monday for rejecting the deal ... (Source: Post Chronicle 2010-07-27T11:15:20Z)

Bengals' Brown wants to add Terrell Owens

CINCINNATI -- Bengals owner Mike Brown is trying to produce his own reality show. Terrell Owens. Chad Ochocinco. Together in Cincinnati. Brown said Monday that the team has discussed a contract with Owens and ... (Source: Coshocton Tribune 2010-07-27T12:26:55Z)

Hornets, Paul meet

Chris Paul is staying put with the New Orleans Hornets – at least for now. The Hornets' star guard did not request a trade Monday in his meeting with new coach Monty Williams and top team officials ... (Source: Olympian 2010-07-27T08:45:01Z)

Yahoo Japan Teams With Google on Search

TOKYO — Yahoo Japan announced Tuesday that it would use Google technology to power its Internet search engine and search-advertising platform. The deal puts Yahoo Japan on a path sharply divergent from that ... (Source: New York Times 2010-07-27T12:55:33Z)

Cavaliers Deal Delonte & Sebastian Telfair To TWolves

MINNEAPOLIS (AP) -- The Minnesota Timberwolves have agreed to trade point guard Ramon Sessions and forward Ryan Hollins to the Cleveland Cavaliers for point guards Delonte West and Sebastian Telfair. The ... (Source: Hartford Courant 2010-07-27T07:54:54Z)

Timberwolves reach deal with Cavaliers

MINNEAPOLIS (AP) — The Minnesota Timberwolves have agreed to trade point guard Ramon Sessions and forward Ryan Hollins to the Cleveland Cavaliers for point guards Delonte West and Sebastian Telfair. MINNEAPOLIS (AP ... (Source: Jamestown Sun 2010-07-27T12:41:14Z)

Wyndham Worldwide (WYN) Announces Completion of $350M Term Securitization

Wyndham Worldwide Corporation (NYSE: WYN ) today announced that it has completed a term securitization transaction involving the issuance of $350 million of investment-grade asset-backed notes. Sierra Timeshare 2010-2 ... (Source: StreetInsider.com 2010-07-26T18:33:10Z)

Report: Hornets Telling Teams They Won't Deal Chris Paul

The New Orleans Hornets are telling teams that they will not trade All-Star guard Chris Paul (notes) , according to ESPN.com . New Hornets GM Dell Demps and new coach Monty Williams will meet with Chris Paul ... (Source: YAHOO! 2010-07-24T23:57:40Z)

After meeting with Hornets executives, Paul backs off trade talk

Hornets star guard Chris Paul did not request a trade Monday in his meeting with new coach Monty Williams and top team officials, general manager Dell Demps said. Demps, essentially in his first day on the job ... (Source: Jackson Clarion-Ledger 2010-07-27T14:57:14Z)

Prosecutor says Blagojevich

CHICAGO—Rod Blagojevich was so desperate for money that he tried to shake down everyone from a racetrack owner to a children's hospital executive to president-elect Barack Obama, a federal prosecutor told ... (Source: Texarkana Gazette 2010-07-27T09:49:26Z)

Rod Blagojevich's lawyer irks judge, risks jail

Rod Blagojevich's defense attorney could find himself behind bars even as he works to keep his client out of prison. Sam Adam Jr. faced that dilemma before presenting his closing arguments in the former Illinois ... (Source: Pbpulse 2010-07-27T14:21:27Z)

Prosecutor: Ron Blagojevich money problems led to sale of Pres. Obama's U.S. Senate ...

A federal prosecutor tells jurors that former Illinois Gov. Rod Blagojevich tried to sell the U.S. Senate seat vacated by Barack Obama because of his money problems. In closing arguments, prosecutor Chris Niewoehner said ... (Source: Today's THV 2010-07-26T17:50:13Z)

BMW deal with USOC becomes official

A 6-year deal that will make German automaker BMW the sponsor for the U.S. Olympic Committee was made official yesterday in New York. A person familiar with the contract has told the Associated Press that it ... (Source: Philadelphia Daily News 2010-07-27T07:11:57Z)

BC-OLY--USOC-Sponsor, 2nd Ld-Writethru,0490 BMW, USOC make 6-year sponsorship deal ...

NEW YORK — A German automaker sponsoring American athletes? BMW and U.S. Olympic Committee officials see nothing contradictory about that. The two organizations made their six-year deal official t a news ... (Source: Abilene Reporter-News 2010-07-27T06:29:00Z)

Bengals owner sets sights on Terrell Owens

CINCINNATI -- Bengals owner Mike Brown is trying to produce his own reality show. Terrell Owens. Chad Ochocinco. Together in Cincinnati. Brown said on Monday that the team has discussed a contract with Owens ... (Source: Sentinel & Enterprise 2010-07-27T10:46:42Z)

NHL rejects Ilya Kovalchuk's 17-year deal with New Jersey Devils

NHL NHL rejects Kovalchuk's 17-year deal: The NHL rejected Ilya Kovalchuk's landmark 17-year, $102 million contract with the New Jersey... NHL rejects Kovalchuk's 17-year deal: The NHL rejected Ilya Kovalchuk ... (Source: Seattle Times 2010-07-21T03:37:10Z)

Cavs deal West, Telfair to T'Wolves for Sessions, Hollins

The Cleveland Cavaliers have traded guards Delonte West and Sebastian Telfair to the Minnesota Timberwolves for guard Ramon Sessions, center Ryan Hollins and a 2013 second-round draft pick. West averaged 8.8 ... (Source: The Sun News 2010-07-27T04:05:50Z)

Could Ilya Kovalchuk saga hurt Red Wings' long-term deals?

The NHL has been abuzz for the past week regarding Ilya Kovalchuk's $102-million, 17-year deal with the New Jersey Devils, which promptly was rejected by the league. The NHL says nyet to the monster contract ... (Source: Detroit Free Press 2010-07-27T13:17:01Z)

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