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 29, 2010, 1:40 pm

UPDATE 5-Sanofi's Genzyme bid expected in days -source

PHILADELPHIA/PARIS (Reuters) - France's Sanofi-Aventis is expected to bid up to $18.7 billion for Genzyme Corp by the weekend, but an offer at that price is not likely to sway the U.S. biotech company, sources ... (Source: FOXBusiness 2010-07-29T18:58:15Z)

Japan iPhone carrier Softbank says business soared in April-June but profits fell due ...

TOKYO (AP) — Softbank Corp., which runs the only Japanese mobile carrier to offer the iPhone and iPad, said Thursday that its businesses prospered during the April-June quarter, but net profit fell 29 percent as it ... (Source: Cleveland News - Fox 8 2010-07-29T06:33:47Z)

Portugal Telecom mulls Telefonica bid for Vivo

LISBON, Portugal — Portugal Telecom's board is taking another look at Telefonica's euro7.15 billion ($9.14 billion) offer for its stake in Brazil's leading cell phone company, Vivo. PT and Telefonica each ... (Source: msnbc.com 2010-07-15T10:17:59Z)

Adobe Systems buys Swiss software maker Day for $240 million

SAN JOSE, Calif. (AP) — Adobe Systems Inc. will begin a public tender offer to buy Swiss software maker Day Software Holding AG in a deal the two valued at $240 million, the companies announced Wednesday ... (Source: Los Angeles Times 2010-07-28T12:11:25Z)

Oswalt Approves Trade to Phillies From Astros for J.A. Happ, AP Reports

All-Star pitcher Roy Oswalt has accepted a trade to the Philadelphia Phillies from the Houston Astros in exchange for a package including pitcher J.A. Happ, the Associated Press reported. AP, citing a person ... (Source: Bloomberg 2010-07-29T19:34:02Z)

Pinnacle: `Significant discount' on AC land sale

ATLANTIC CITY, N.J. -- Not too long ago, Pinnacle Entertainment had grand plans for a sparkling new casino resort on the Atlantic City Boardwalk that would cost upward of $2 billion. On Thursday, the company ... (Source: Forbes 2010-07-29T16:35:05Z)

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 2010-07-29T17:53:49Z)

Southwest reports 2Q profit

DALLAS (AP) — Southwest Airlines Co. added an upbeat note to a strong quarter for the airline industry by reporting a $112 million profit for spring and early summer. The nation's biggest discount airline said Thursday ... (Source: Odessa American Online 2010-07-29T15:30:40Z)

Dollar Thrifty Receives $46.50 Per Share Offer From Avis Budget, Topping Hertz Bid ...

(RTTNews) - Car rental company Dollar Thrifty Automotive Group, Inc. (DTG: News ) said Wednesday that it has received an unsolicited bid from Avis Budget Group, Inc. (CAR: News ) to acquire the company for cash and stock ... (Source: RTT News 2010-07-29T04:24:56Z)

Southwest reports $112 million profit for quarter

DALLAS — Southwest Airlines Co. added an upbeat note to a strong quarter for the airline industry by reporting a $112 million profit for spring and early summer. The nation's biggest discount airline said ... (Source: Houston Chronicle 2010-07-29T19:19:43Z)

Sanofi to make formal Genzyme offer

PHILADELPHIA (Reuters) - France's Sanofi-Aventis ( SASY.PA ) plans to make a formal offer of up to $18.7 billion for Genzyme ( GENZ.O ) after its informal overture failed to strike interest, sources familiar ... (Source: Reuters 2010-07-29T06:26:38Z)

Best Buy and Clearwire Unveil Strategic Wholesale Relationship and Plans to Offer ...

MINNEAPOLIS & KIRKLAND, Wash. - (BUSINESS WIRE) - Clearwire Corporation (NASDAQ:CLWR), a leading provider of wireless broadband services and operator of the fastest 4G network in the country, and Best Buy ... (Source: Newsblaze.com 2010-07-29T18:51:05Z)

MLB Trade Rumors: Roy Oswalt Traded To The Phillies

The soap opera that was the Roy Oswalt rumors finally came to an end today, as Houston dealt him to the Phillies for J.A. Happ , two Low A hitting prospects in outfielder Anthony Gose and infielder Jonathan Villar, and $ ... (Source: FakeTeams 2010-07-29T19:48:21Z)

China govt approves Geely acquisition of Volvo

Adobe Systems Inc. will begin a public tender offer to buy Swiss software maker Day Software Holding AG in a deal the two valued at $240 million, the companies announced Wednesday. Adobe, which makes document ... (Source: Fresno Bee 2010-07-29T10:58:39Z)

Kendall Law Group Investigates General Electric Co. For Shareholders

DALLAS--(BUSINESS WIRE)-- Kendall Law Group , a national securities firm led by a former federal judge and a former U.S. Attorney, is investigating General Electric Co. (NYSE: GE - News ) for shareholders. The ... (Source: Yahoo Finance 2010-07-29T17:10:52Z)

Theo Albrecht, Aldi co-founder, dies at age 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 ... (Source: Texarkana Gazette 2010-07-29T09:54:13Z)

Adobe to acquire Day Software for $240m

Adobe Systems Inc. will begin a public tender offer to buy Swiss software maker Day Software Holding AG in a deal the two valued at $240 million, the companies announced Wednesday. Adobe, which makes document-viewing and ... (Source: MENAFN 2010-07-28T14:13:06Z)

Pinnacle: 'Significant discount' on AC land sale

Not too long ago, Pinnacle Entertainment had grand plans for a sparkling new casino resort on the Atlantic City Boardwalk that would cost upward of $2 billion. On Thursday, the company acknowledged what has long been ... (Source: AP - msnbc.com 2010-07-29T16:20:46Z)

Telefonica gives up on PT's Vivo stake

MADRID (Reuters) - Spain's Telefonica dropped its offer for Portugal Telecom's stake in Brazilian cellphone company Vivo on Saturday, declining a request for more time from its Portuguese partner and setting the stage ... (Source: Reuters 2010-07-15T23:54:01Z)

Dollar Thrifty Receives Unsolicited Offer from Avis Budget Group

BusinessWire - 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 ... (Source: Forbes 2010-07-29T01:11:40Z)

Hertz says reviewing Avis' offer for Dollar Thrifty

BANGALORE (Reuters) - Hertz Global Holdings Inc (NYSE: HTZ - News ) is reviewing Avis Budget Group Inc's (NYSE: CAR - News ) bid for Dollar Thrifty Automotive Group (NYSE: DTG - News ), a company spokesperson told ... (Source: Yahoo Finance 2010-07-29T13:00:20Z)

Roy Oswalt Traded to Philadelphia Phillies; Will Oswalt Waive No-Trade Clause?

Roy Oswalt has been traded to the Philadelphia Phillies. For the Roy Oswalt trade to become official, Oswalt must now accept the deal, and leave behind the Houston Astros for greener pastures out east. Oswalt ... (Source: Associated Content 2010-07-29T20:16:59Z)

Portugal Telecom May Fall After Telefonica Ends $9.2 Billion Bid for Vivo

Portugal Telecom SGPS SA shares may drop after Telefonica SA ended its 7.15 billion-euro ($9.2 billion) offer for the Portuguese company's stake in a venture that controls Brazil's largest wireless ... (Source: Bloomberg 2010-07-18T22:31:44Z)

THEO ALBRECHT | 1922-2010: Secretive Aldi co-founder

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 ... (Source: Chicago Sun-Times 2010-07-29T08:56:57Z)

Softbank: iPhone carrier's profit falls in April-June on heavy taxes

TOKYO — Softbank, which runs the only Japanese mobile carrier to offer the iPhone and iPad, said Thursday the popular products drove its strong performance last quarter, but its net profit fell 29 percent ... (Source: San Jose Mercury News 2010-07-29T15:30:40Z)

Softbank profits fall in April-June on heavy taxes

Softbank Corp., which runs the only Japanese mobile carrier to offer the iPhone and iPad, said Thursday the popular products drove its strong performance last quarter, but its net profit fell 29 percent due to a tax hit ... (Source: AP - msnbc.com 2010-07-29T09:54:13Z)

Pinnacle: `Significant discount' on AC land sale

(AP) ATLANTIC CITY, N.J. - Not too long ago, Pinnacle Entertainment had grand plans for a sparkling new casino resort on the Atlantic City Boardwalk that would cost upward of $2 billion. On Thursday, the ... (Source: KSTP 2010-07-29T02:30:24Z)

Southwest reports $112 million 2Q profit

Southwest Airlines Co. added an upbeat note to a strong quarter for the airline industry by reporting a $112 million profit for spring and early summer. The nation's biggest discount airline also said Thursday that it ... (Source: AP - msnbc.com 2010-07-29T20:09:50Z)

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)

Sanofi Board Said to Support Genzyme Bid of Up to $70

(Adds Sanofi closing share price in sixth paragraph.) July 29 (Bloomberg) -- Sanofi-Aventis SA Chief Executive Officer Chris Viehbacher has support from his board of directors to offer as much as $70 a share ... (Source: BusinessWeek 2010-07-29T16:27:55Z)

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