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 28, 2010, 8:40 pm

Biz Break: Leaf vs. Chevy Volt: Nissan, GM in electric-car battle

Today: GM and Nissan reveal more sales and price details for the electric Leaf and Volt. Solar upstart Solyndra replaces its CEO. Apple unveils new Macs and other products. Leaf vs. Volt General Motors today ... (Source: San Jose Mercury News 2010-07-27T20:12:12Z)

Gold Prices Up on Bargain Hunting

Gold for August delivery was up $2.20 to $1,160.20 an ounce at the Comex division of the New York Mercantile Exchange. The gold price Wednesday has traded as high as $1,165 and as low as $1,155.60. The U.S ... (Source: Street.Com 2010-07-28T23:31:27Z)

Target CEO defends donations aiding anti-gay candidate for governor in Minnesota

ST. PAUL, Minn. — Target Corp.'s CEO on Tuesday, July 27 defended the discount retailer's political donations to a Minnesota group helping the state's Republican candidate for governor, telling employees at its ... (Source: Dallas Voice 2010-07-28T19:06:36Z)

MGM RESORTS INTERNATIONAL SELLS LAND UNDER BORGATA IN $73 MILLION DEAL

ATLANTIC CITY, N.J.-- MGM Resorts International has sold its land under Atlantic City's Borgata Hotel Casino & Spa to Vornado Realty Trust and Geyser Holdings for $73 million. The sale covers just over 11 acres and ... (Source: NBC40.NET 2010-07-28T02:53:04Z)

Jobless trucker gets 5 years for trying to sell the Ritz

LONDON — An unemployed truck driver has been sentenced to five years in jail for trying to sell the world-famous Ritz hotel for $390 million to a duped investor. Anthony Lee was convicted this month for ... (Source: Denver Post 2010-07-28T06:56:27Z)

GM sets Volt lease at $350 per month

GM sets Volt lease at $350 per month Nissan to match GM deal, warranty in battery-driven Leaf Robert Snell / The Detroit News General Motors Co. likely convinced some shoppers to buy the Chevrolet Volt by ... (Source: Detroit News 2010-07-28T21:51:14Z)

GM's Chevrolet Volt electric car will start at $41,000

DETROIT - General Motors Co. said Tuesday its Chevrolet Volt electric car will start at $41,000 when it goes on sale in November. While the price is about $8,000 more than its closest rival, the Nissan Leaf ... (Source: Lansing State Journal 2010-07-28T21:51:14Z)

MGM leaving Borgata stake

ATLANTIC CITY, N.J. — MGM Resorts International has sold land under Atlantic City's Borgata Hotel Casino & Spa to Vornado Realty Trust and Geyser Holdings for $73 million. The sale covers just over 11 acres ... (Source: Denver Post 2010-07-28T06:56:27Z)

Ritz Hotel Hoax Lands Man In Jail

A 49 year old British man has been jailed for plotting a scheme to sell the London Ritz Hotel. Anthony Lee of North Yorkshire was jailed for having a man by the name of Terrence Collins to give him 1 milliion ... (Source: Overthelimit.info 2010-07-28T13:37:19Z)

Tour winner Contador to leave Astana

Tour de France winner Alberto Contador will leave Astana at the end of this season after he rejected the team's offer to extend his contract, the Spaniard's spokesman announced on Wednesday. Contador "wants to have time ... (Source: Big Hollywood 2010-07-28T20:18:11Z)

Alberto Contador to leave Astana at end of 2010

MADRID (AP) — Tour de France winner Alberto Contador will leave Astana at the end of this season after the Spanish cyclist rejected the team's offer to extend his contract. Contador said Wednesday he will ... (Source: USA Today 2010-07-28T13:23:00Z)

Target testing new law on corporate donations

ST. PAUL, Minn. — Target Corp.'s CEO on Tuesday defended the discount retailer's political donations to a Minnesota group helping the state's Republican candidate for governor, telling employees at its Minneapolis ... (Source: Seattle Daily Journal of Commerce 2010-07-28T06:56:27Z)

Ritz hotel not for sale

A judge sentenced a con man to five years in jail Tuesday after he was convicted of trying to sell London's famed Ritz hotel for $390 million US (300 million euros). Anthony Lee, a 49-year-old unemployed truck driver ... (Source: The Province 2010-07-28T14:20:16Z)

Manchester United coach impressed with MLS progress

HOUSTON - Manchester United coach Alex Ferguson is ready to give Major League Soccer its due. The Red Devils wrap up their American tour at Reliant Stadium today against a collection of All-Stars from MLS, a ... (Source: San Gabriel Valley Tribune 2010-07-28T05:37:42Z)

Manchester United-All-Stars Preview

Manchester United coach Alex Ferguson is ready to give Major League Soccer its due. The Red Devils wrap up their American tour at Reliant Stadium on Wednesday against a collection of All-Stars from the MLS, a ... (Source: FOXSports.com 2010-07-28T18:30:48Z)

Gold rebounds as bargain hunters support prices

SAN FRANCISCO (MarketWatch) -- Gold edged higher Wednesday as investors snapped up the metal after it settled at a three-month low Tuesday and as an unexpected decline in June durable-goods orders jump-started ... (Source: Marketwatch 2010-07-28T17:33:32Z)

Manchester United coach sees improvement in MLS teams

HOUSTON -- Manchester United coach Alex Ferguson is ready to give Major League Soccer its due. The Red Devils wrap up their American tour at Reliant Stadium on Wednesday against a collection of All-Stars from the MLS, a ... (Source: KHOU 2010-07-28T22:41:20Z)

Theo Albrecht, Aldi co-founder, dies

BERLIN – Theo Albrecht, the secretive co-founder of Germany's worldwide discount supermarket chain Aldi, a co-owner of Trader Joe's in the United States and one of Europe's richest men, has died at age 88. The ... (Source: Fort Wayne Journal Gazette 2010-07-28T21:22:36Z)

Theo Albrecht, German co-founder of Aldi discount grocery chain, dies at 88

BERLIN — Theo Albrecht, the secretive co-founder of Germany's worldwide discount supermarket chain Aldi, a co-owner of Trader Joe's in the United States and one of Europe's richest men, has died at age 88. The retail ... (Source: St. Petersburg Times 2010-07-29T00:28:43Z)

Contador to leave Astana team at end of 2010

(07-28) 04:56 PDT MADRID, Spain (AP) --Tour de France winner Alberto Contador will leave Astana at the end of this season after the Spanish cyclist rejected the team's offer to extend his contract. Contador ... (Source: San Francisco Gate 2010-07-28T22:41:20Z)

Avis Budget Offers $1.33 Billion for Dollar Thrifty, Tops Hertz

July 29 (Bloomberg) -- Avis Budget Group Inc.'s $1.33 billion offer for Dollar Thrifty Automotive Group Inc., which topped Hertz Global Holdings Inc.'s agreement to buy the rental- car company, may signal ... (Source: BusinessWeek 2010-07-28T23:31:27Z)

MGM Resorts International Announces Sale Of Atlantic City Land Leased To Borgata To ...

LAS VEGAS , July 27 /PRNewswire-FirstCall/ --MGM Resorts International (NYSE: MGM) announced today that it has recently reached an agreement to sell four long-term ground leases and their respective ... (Source: Street.Com 2010-07-27T21:52:25Z)

Gold gets lift from physical demand

Gold prices rebounded slightly Wednesday as bargain hunters stepped in to purchase the yellow metal after it hit a three-month low yesterday. Durable goods orders dropped 1% in June, upsetting expectations for 1% growth ... (Source: MSN Money 2010-07-28T19:13:45Z)

UPDATE 4-Sanofi to make formal Genzyme offer - sources

PHILADELPHIA (Reuters) - France's Sanofi-Aventis plans to make a formal offer of up to $18.7 billion for Genzyme after its informal overture failed to strike interest, sources familiar with the situation said ... (Source: FOXBusiness 2010-07-29T00:00:05Z)

Sanofi Aventis Board Votes To Make a Formal Offer to Genzyme

French drug maker Sanofi Aventis intends to continue its project on Genzyme after the failure of its informal approach to U.S. biotech company Genzyme (NASDAQ stock symbol:GENZ), Reuters learned Wednesday from a source ... (Source: HULIQ.com 2010-07-29T03:13:21Z)

Target backing gays, gay-marriage foe

ST. PAUL, Minn. – Target Corp.'s CEO on Tuesday defended the discount retailer's political donations to a Minnesota group helping the state's Republican candidate for governor, telling employees at its ... (Source: Fort Wayne Journal Gazette 2010-07-28T07:39:24Z)

Theo Albrecht, 88, dies; started Aldi food chain and expanded Trader Joe's

Theo Albrecht, 88, a reclusive German billionaire who made his fortune building a discount-food business empire in Europe before buying and expanding the Trader Joe's grocery chain in the United States, died ... (Source: Washington Post 2010-07-29T01:25:59Z)

Dollar Thrifty Receives Unsolicited Offer From Avis Budget Group

Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) today confirmed that it received a letter dated July 28, 2010, from Avis Budget Group ("Avis Budget") outlining an unsolicited proposal to acquire all ... (Source: Street.Com 2010-07-29T00:57:21Z)

Sanofi said to be preparing Genzyme bid

S anofi-Aventis SA Chief Executive Chris Viehbacher has support from his board of directors to offer as much as $70 a share for Genzyme, or about $18.7 billion, three people with knowledge of the situation ... (Source: Boston Herald 2010-07-28T22:34:11Z)

Avis makes $1.3 billion offer for Tulsa-based Dollar Thrifty

Avis Budget Group Inc. offered $1.33 billion for Tulsa-based Dollar Thrifty Automotive Group Inc. late Wednesday afternoon, a bid that tops Hertz Global Holdings Inc.'s pending $1.2 billion deal. Parsippany ... (Source: Tulsa World 2010-07-29T02:23:15Z)

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