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, 2:40 am

Casey's rejects latest bid

ANKENY, Iowa (AP) — Iowa- based convenience chain Casey's General Stores Inc. has rejected the latest takeover bid from competitor Alimentation Couche-Tard Inc. and announced a recapitalization plan to increase ... (Source: Omaha World-Herald 2010-07-29T08:49:48Z)

British PM pitches for jobs, trade in India

BANGALORE, India (AFP) – British Prime Minister David Cameron kicked off a much-hyped visit to India Wednesday, pitching for investment and open trade to boost Britain's fragile post-recession recovery. In a ... (Source: YAHOO! 2010-07-28T14:05:57Z)

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)

Adobe Systems enters into deal to purchase Swiss Day Software

(M&A Navigator Via Acquire Media NewsEdge) US software company Adobe Systems (NASDAQ:ADBE) has agreed to launch a tender offer of CHF139 (USD131.2/EUR100.9) per share in cash for Swiss Day Software (SWF:DAYN ... (Source: TMCnet 2010-07-28T13:44:28Z)

Perspectives: What the Adobe + Day Software Deal Means, Part 1

Any acquisition (and there have been quite a few of them lately ) in the content management industry usually makes a splash. Today, it was Day's day to stir up the media, analysts, bloggers, twitterati and ... (Source: CMSWire 2010-07-28T23:38:36Z)

Casey's counterpunches Couche-Tard with stock buyback plan

Canadian firm Alimentation Couche-Tard has a new competitor in its hostile bid to take control of Casey's General Stores — Casey's itself. The Ankeny convenience store chain on Wednesday announced a $500 ... (Source: Des Moines Register 2010-07-29T09:04:07Z)

British PM works to deepen Indian economic ties

British Prime Minister David Cameron worked to deepen his nation's ties with India on Thursday, using his trip to the former colony turned rising regional power to rake in millions of dollars in new business for the ... (Source: AP - msnbc.com 2010-07-29T09:18:26Z)

Telefonica: new deal with PT to buy Brazil's Vivo

(AP) MADRID - Telefonica said Wednesday it has reached an initial agreement with Portugal Telecom to acquire a controlling share in Vivo, Brazil's largest cell phone company, for a reported euro7.5 billion ... (Source: WNYT 2010-07-28T14:05:57Z)

Telefonica to acquire Brazil's largest cell phone company Vivo after new deal with PT

MADRID (AP) — Spain's Telefonica says it will acquire control of Brazil's largest cell phone operator, Vivo, in a newly sweetened euro7.5 billion ($9.77 billion) deal with Portugal Telecom. Telefonica and PT ... (Source: Los Angeles Times 2010-07-28T13:37:19Z)

Dollar Thrifty receives Avis Budget buyout offer

Avis Budget Group Inc., the third-largest rental car company in the U.S., proposed Wednesday to acquire Tulsa's Dollar Thrifty Automotive Group Inc. for $46.50 per share or $1.33 billion. In a letter to the ... (Source: Tulsa World 2010-07-29T09:25:35Z)

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)

IOC announces global sponsorship deal with consumer products giant Procter & Gamble

LONDON - Procter & Gamble, the U.S.-based consumer products giant, signed on as a global Olympic sponsor through 2020 on Wednesday in the second 10-year multi-million-dollar marketing deal this month for the ... (Source: Minneapolis Star Tribune 2010-07-29T05:58:00Z)

Co-founder of Aldi 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 ... (Source: News-Leader.com 2010-07-29T07:59:41Z)

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)

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)

Thursday newspaper round-up: BP, Russia, Banks

LONDON (SHARECAST) - BP has fired the starting gun on a $30 billion fire sale, holding talks with TNK-BP, its Russian joint venture, about the sale of a $1 billion package of oil projects in Venezuela, the Times has ... (Source: ShareCast 2010-07-29T06:19:28Z)

Government grant will lower cost of low-carbon motoring

Car buyers have been given an incentive to go green with the government's confirmation of £5,000 grants towards the cost of electric or low emission cars. Despite deep government cuts, Transport Secretary Philip Hammond ... (Source: Belfast Telegraph 2010-07-29T09:11:16Z)

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)

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 2010-07-27T20:19:22Z)

P&G, Olympics team for decade

LONDON – Procter & Gamble, the U.S.-based consumer products giant, signed on as a global Olympic sponsor through 2020 on Wednesday in the second 10-year multimillion-dollar marketing deal this month for the ... (Source: Fort Wayne Journal Gazette 2010-07-29T07:38:13Z)

Ford set to complete sale of Volvo to Geely

DEARBORN — Ford plans to complete its sale of Volvo Cars to China's Zhejiang Geely next week, finishing the US vehicle maker's exit from European luxury brands, according to two people familiar with the plans. Ford ... (Source: Business Day South Africa 2010-07-29T05:15:03Z)

Ford Said to Complete $1.8 Billion Volvo Sale to China's Geely Next Week

Ford Motor Co. plans to complete its sale of Volvo Cars to China's Zhejiang Geely Holding Co. next week, finishing the U.S. automaker's exit from European luxury brands, according to two people familiar ... (Source: Bloomberg 2010-07-28T17:04:54Z)

Government to offer motorists £5000 discount on hybrid or electric cars in new green ...

MOTORISTS looking to go green will be able to get up to £5000 off new cars under a Government scheme. The new Plug-In Car Grant will give buyers a 25 per cent discount - up to a value of £5000 - on electric ... (Source: Daily Record 2010-07-29T06:55:16Z)

British Prime Minister in India Seeking Business, Trade Deals

British Prime Minister David Cameron chose the information technology hub of Bangalore to start a visit which he hopes "drives our economic growth upwards and our unemployment figures downwards." The British leader made ... (Source: Voice of America 2010-07-28T13:51:38Z)

Casey's plans buyback, rejects Couche-Tard offer

TORONTO (Reuters) - Casey's General Stores said Wednesday it would buy back $500 million worth of common stock as part of a recapitalization plan that could derail Canada's Alimentation Couche-Tard Inc's ... (Source: CNN Money 2010-07-28T17:12:04Z)

Adobe buys Swiss software maker 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 ... (Source: Bradenton Herald 2010-07-28T23:45:46Z)

Ford sale of Volvo expected to be done next week

Ford sale of Volvo expected to be done next week Automaker sheds latest European marque with purchase next week by China's Geely Detroit News staff and wire reports Ford Motor Co. plans to complete the sale of ... (Source: Detroit News 2010-07-29T05:00:44Z)

Olympic committees striking some unusual deals

COLORADO SPRINGS, Colo. -- With the economy spiraling downward and sponsors running away faster than Usain Bolt, the Olympics needed money. Dow Chemical signed on as a global Olympic sponsor Friday with a 10 ... (Source: The Sun News 2010-07-29T09:18:26Z)

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)

Telefonica clinches deal to buy Brazil's Vivo

MADRID (Reuters) - Spain's Telefonica ( TEF.MC ) appears to have won its long battle for a bigger share of the Brazilian market after raising its offer for Portugal Telecom's stake in mobile operator Vivo ( VIVO4.SA ) to ... (Source: Reuters 2010-07-28T10:38:21Z)

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