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, 6:40 am

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)

McCourty signs with Patriots

The New England Patriots have signed first-round draft pick Devin McCourty. Terms of the deal for the former Rutgers cornerback were not disclosed, but the Boston Globe reported it to be a five-year pact. The ... (Source: Kansas City Star 2010-07-28T23:45:46Z)

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)

Carolina Panthers rookie QB Clausen gets a contract; now hard work begins

As polished as he looked in college, rookie quarterback Jimmy Clausen still needs camp time to acclimate to the pro game. So it was a relief when the Carolina Panthers reached a deal with their second-round ... (Source: Rock Hill Herald 2010-07-29T03:49:09Z)

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)

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)

Chinese approve Geely acquisition of Volvo

European Union regulators approved the deal in early July. A Geely spokesman, Ning Shuyong, declined to confirm whether the approval process was complete or give details of the status of the acquisition. ... (Source: USA Today 2010-07-29T13:14:39Z)

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)

Cincinnati Bengals report for camp, Terrell Owens to follow

GEORGETOWN, Ky. -- 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 ... (Source: Chillico Gazette 2010-07-29T11:27:17Z)

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)

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)

Aetna, CVS 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. "They also ... (Source: Hartford Courant (blog) 2010-07-29T11:55:55Z)

Clausen gets a contract, now the testing begins

As polished as he looked in college, rookie quarterback Jimmy Clausen still needs camp time to acclimate to the pro game. So it was a relief when the Carolina Panthers reached a deal with their second-round ... (Source: Rock Hill Herald 2010-07-29T11:27:17Z)

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)

China approves Geely acquisition of Volvo from Ford

BEIJING — 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 ... (Source: Detroit Free Press 2010-07-29T13:21:49Z)

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)

Indians deal 3B Jhonny Peralta to Tigers for minor league pitcher

ST. PETERSBURG, Fla. The banged-up Detroit Tigers acquired third baseman Jhonny Peralta from the Cleveland Indians on Wednesday for minor league left-hander Giovanni Soto. Detroit also received cash ... (Source: FOX News 2010-07-28T23:31:27Z)

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)

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)

Panthers notes: Smith ditches the cast, but isn't ready to practice

SPARTANBURG, S.C. (AP) — Carolina Panthers receiver Steve Smith showed up to training camp on Wednesday without a cast, but not ready to play thanks to a bizarre offseason injury. About five weeks after ... (Source: Greensboro News & Record 2010-07-29T11:55:55Z)

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)

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)

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)

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)

Reclusive Salesman Built Aldi Discount Empire

Aldi co-founder Theo Albrecht, at an interview session in Essen, Germany, after his kidnapping in 1971. From a bare-bones food store handed down by their mother in 1946, Mr. Albrecht and his older brother ... (Source: Wall Street Journal 2010-07-29T13:00:20Z)

Jhonny Peralta comes to rescue banged-up Tigers

ST. PETERSBURG, Fla. -- Some help could be on the way for the reeling Tigers. The Tigers acquired veteran infielder Jhonny Peralta and cash considerations for minor league left-hander Giovanni Soto. President ... (Source: Asheville Citizen-Times 2010-07-29T10:22:51Z)

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)

Indians trade Peralta to Tigers

ST. PETERSBURG, Fla. (AP) - The banged-up Detroit Tigers acquired third baseman Jhonny Peralta from the Cleveland Indians on Wednesday for minor league left-hander Giovanni Soto. Detroit also received cash considerations ... (Source: WIVB 2010-07-29T12:17:23Z)

China's Chinalco, Chalco formalise Africa JV with Rio Tinto

BEIJING July 29 (Reuters) - The state-run parent of Aluminum Corp of China Ltd. (Chalco) ( 2600.HK ) on Thursday formalised a joint venture with Rio Tinto ( RIO.AX ) to develop iron ore in Africa, bringing the ... (Source: Reuters 2010-07-29T07:16:44Z)

WR Terrell Owens misses flight to Cincinnati, pushing back Bengals debut

GEORGETOWN, Ky. (AP) — Terrell Owens is a late arrival. The Cincinnati Bengals ' latest addition missed his overnight flight and had to take a later one Thursday, delaying his debut during the first day of ... (Source: Fort Lauderdale Sun-Sentinel 2010-07-29T12:53:11Z)

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