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, 4:40 am

Panasonic to buy out Sanyo and issue shares

TOKYO (Reuters) - Japan's Panasonic Corp ( 6752.T ) plans to buy the shares it does not own in Sanyo Electric and another unit, four sources said, in a deal that could top $10 billion and strengthen its push ... (Source: Reuters 2010-07-29T06:12:19Z)

Disney to buy Playdom

The House of Mouse is getting into social gaming. The Walt Disney Co. announced a deal Tuesday to buy Mountain View's Playdom Inc., maker of social-networking games like Sorority Life and Poker Palace. Disney ... (Source: San Francisco Gate 2010-07-28T16:14:48Z)

Aetna, Caremark Agree To 12-Year Deal

Aetna and CVS Caremark have entered into a 12-year contract to administer the Hartford health insurer's pharmacy drug program. It means lower-priced prescriptions for customers when they use CVS pharmacies ... (Source: Hartford Courant 2010-07-28T23:02:49Z)

Jimmy Clausen signs with Carolina Panthers

The second-round pick from Notre Dame agreed to his deal hours before the Panthers reported to Wofford College. He was the last of Carolina's 10 draft selections to be signed. BUFFALO: The Bills agreed to a ... (Source: Detroit Free Press 2010-07-29T08:21:10Z)

Cincinnati Bengals buzzing about Terrell Owens

A flamboyant Cincinnati Bengals receiver has the whole team talking, and this time it's not Chad Ochocinco. He's overshadowed by a player who has yet to arrive. Terrell Owens was headed to the northern ... (Source: Inside Bay Area 2010-07-29T03:34:50Z)

Patriots' Devin McCourty just second first-round draft pick to sign

FOXBOROUGH, Mass. (AP) — First-round draft choice Devin McCourty (FSY) signed a five-year deal with the New England Patriots on Wednesday as the team reached its goal of having all 12 picks under contract ... (Source: USA Today 2010-07-29T08:35:29Z)

China govt approves Geely acquisition of Volvo

Geely Holding Group has received final Chinese government approval to acquire Volvo Cars from Ford Motor Co., the Commerce Ministry said Thursday. Commerce officials approved the $1.8 billion deal Monday, said a ministry ... (Source: AP - msnbc.com 2010-07-29T10:01:23Z)

CVS announces deal with Aetna, 2Q profit falls

CVS Caremark Corp. Wednesday reported weaker quarterly earnings and lowered its profit forecast, but shares rose as investors approved of a large pharmacy benefit management services contract struck with Aetna. CVS ... (Source: AP - msnbc.com 2010-07-28T18:23:39Z)

Rio Tinto, Chinalco to jointly develop Simandou in Guinea

CHINA has hailed the multi-billion dollar West African iron ore venture between Chinalco and Rio Tinto as a "powerful union". The deal marks the beginning of long-term co-operation between the state-run mining group and ... (Source: The Australian 2010-07-29T07:09:35Z)

P&G is latest Olympic sponsor

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: Raleigh News & Observer 2010-07-29T06:05:09Z)

Panasonic to buy out Sanyo: sources

TOKYO (Reuters) - Japan's Panasonic Corp (Tokyo:6752.T - News ) plans to buy the shares it does not already own in Sanyo Electric and another unit, four sources said, in a deal that could top $10 billion and strengthen ... (Source: Yahoo Finance 2010-07-29T04:39:15Z)

China Approves Geely Acquisition of Volvo

Chinese Commerce Ministry says Geely's $1.8 billion acquisition of Volvo approved BEIJING July 29, 2010; The AP reported that Geely Holding Group has received final Chinese government approval to acquire Volvo ... (Source: The Auto Chanel 2010-07-29T10:58:39Z)

Theo Albrecht | Founded Aldi chain, 88

Theo Albrecht, 88, the secretive cofounder 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, died Saturday in Essen ... (Source: Philadelphia Daily News 2010-07-29T09:39:54Z)

China okays Geely-Volvo deal

Geely agreed in March to buy Volvo in China's biggest foreign acquisition in the auto industry. It would give one of China's small but ambitious auto makers access to a prestigious brand and top-tier technology. -- PHOTO ... (Source: Straits Times 2010-07-29T11:12:58Z)

Disney to buy social-gaming site Playdom

BURBANK, Calif. -- The Walt Disney Co. is buying online social-gaming company Playdom for $563.2 million, the latest sign the company is becoming a formidable player in the video-game industry. Disney said Tuesday it is ... (Source: Everett Herald 2010-07-29T07:38:13Z)

Rio Tinto and Chinalco sign iron ore deal

Anglo-Australian mining company Rio Tinto PLC and China's state-owned Chinalco have signed a binding agreement to establish a joint venture to operate an iron ore project in Guinea in West Africa. London-based Rio Tinto ... (Source: AP - msnbc.com 2010-07-29T07:59:41Z)

Pats sign 1st-round draft pick McCourty of Rutgers

FOXBOROUGH — First-round draft choice Devin McCourty signed a five-year deal with the New England Patriots yesterday as the team reached its goal of having all 12 picks under contract by the start of training camp. The ... (Source: Salem News 2010-07-29T04:17:47Z)

NFL: McCourty, Patriots' top pick, signs deal

First-round draft choice Devin McCourty, a cornerback from Rutgers, signed a five-year deal with the New England Patriots on Wednesday. The contract is worth $13.2 million with $7.825 million guaranteed ... (Source: Philadelphia Daily News 2010-07-29T07:45:22Z)

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)

Aetna deal lifts CVS as profits weaken

NEW YORK — CVS Caremark Corp. yesterday reported weaker quarterly earnings and lowered its profit forecast, but its shares rose 3 percent to $31.54 as investors approved of a large pharmacy benefit ... (Source: Boston Globe 2010-07-29T02:30:24Z)

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)

Rio Tinto, Chinalco Unit Ink Binding Deal For Simandou Iron Ore Project JV - Quick ...

(RTTNews) - Rio Tinto (RTP: News ,RIO.L: News ,RTPPF.PK: News ) and Chinalco's subsidiary Chalco signed a binding agreement to establish a joint venture or JV covering the development and operation of the Simandou iron ... (Source: RTT News 2010-07-29T08:28:19Z)

Procter & Gamble to sponsor Olympics for next decade

Procter & Gamble Co. reached a deal to sponsor all the Olympic Games that take place during the next decade. P&G (NYSE: PG) and the International Olympic Committee announced the sponsorship agreement Wednesday ... (Source: Dayton Business Journal 2010-07-28T16:57:45Z)

Bengals reach contract deal with WR Terrell Owens, uniting him with Chad Ochocinco

CINCINNATI (AP) — The Cincinnati Bengals have agreed to a contract with receiver Terrell Owens , who is expected to report to training camp in a couple of days, a person familiar with the situation tells The Associated ... (Source: Allentown Morning Call 2010-07-27T23:39:48Z)

AP Source: Bengals reach contract deal with WR Terrell Owens, uniting him with Chad ...

The Cincinnati Bengals have agreed to a contract with receiver Terrell Owens, who is expected to report to training camp in a couple of days, a person familiar with the situation tells The Associated Press ... (Source: FOX News 2010-07-27T22:35:22Z)

Carolina Panthers reach deal with Clausen

The second-round pick from Notre Dame agreed to his deal hours before the Panthers reported to Wofford College. He was the last of Carolina's 10 draft selections to be signed. "With your draft picks, any day ... (Source: Asheville Citizen-Times 2010-07-29T10:22:51Z)

Disney Jumps Into Social Gaming, to Buy Playdom

Walt Disney Co (NYSE: DIS) is all set to take a leading market share in fast-growing online social gaming space with its $563.2 million deal to buy social game-start-up Playdom. The Disney-Playdom deal could also be a ... (Source: The Money Times 2010-07-29T05:36:31Z)

Panasonic Plans To Spend About $9.4 Bln To Take Full Control Of Panasonic Electric ...

(RTTNews) - Japanese electronic products company Panasonic Corp. (PC: News ) Thursday said it is planning to acquire all shares of Panasonic Electric Works Co., Ltd. and SANYO Electric Co., Ltd. to make them wholly-owned ... (Source: RTT News 2010-07-29T10:15:42Z)

UPDATE 2-P&G to sponsor next five Olympic GamesP&PG/OLYMPICS (UPDATE 2)&G/OLYMPICS ...

DETROIT (Reuters) - Procter & Gamble Co said it has signed on to sponsor the next five Olympic Games in a 10-year multimillion-dollar deal that will take it through 2020. The partnership, announced with the ... (Source: FOXBusiness 2010-07-28T13:15:50Z)

Clausen gets $2.53M in guarantees in deal with Panthers

SPARTANBURG, S.C. -- The Carolina Panthers have come to terms with quarterback Jimmy Clausen on a four-year contract that includes $2.53 million in guarantees, ensuring they'll have no rookie holdouts at the start of ... (Source: CBS Sports 2010-07-29T10:08:32Z)

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