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 3, 2010, 2:12 am

Johnson gets $34 million to stay with Raptors

(AP) — TORONTO - Forward Amir Johnson has agreed to a five-year contract to stay with the Toronto Raptors. Agent Kevin Bradbury says Thursday the deal is for $34 million. The 6-foot-9 Johnson played in all 82 games last season, averaging 6.2 points. He spent his first four seasons in Detroit after ... (Source: Cleveland Plain Dealer 2010-07-02T08:17:23Z)

Lady Buc stars honored by UIL

CLUTE — After more than 23,000 votes were cast for the University Interscholastic League's Softball All-Century Team, there were several players from Brazoria County who made the list. Former Brazoswood Lady Bucs honored were Morgan Anderson-Estrada and Nicole Neuerburg, beating out some of the ... (Source: Brazoria Facts 2010-07-03T06:28:50Z)

Avalanche agree on 2-year deals for both F Daniel Winnik and D Kyle Quincey

DENVER - The Colorado Avalanche agreed to terms on two-year deals Friday for both forward Daniel Winnik and defenceman Kyle Quincey. Winnik was acquired in a trade with Phoenix on Monday. The 25-year-old had four goals and 15 assists for the Coyotes last season. Quincey, 24, was one of the Avalanche ... (Source: FAN 590 Toronto 2010-07-02T23:12:11Z)

HHS Secretary Sebelius Announces New Pre-Existing Condition Insurance Plan

BusinessWire - The U.S. Department of Health and Human Services (HHS) announced today the establishment of a new Pre-existing Condition Insurance Plan (PCIP) that will offer coverage to uninsured Americans who have been ... (Source: Forbes 2010-07-01T11:46:10Z)

NBA Capsules: Mavs make offer to Nowitzki; Saturday meeting set

DALLAS (AP) — Dirk Nowitzki now knows how much he's worth to the Dallas Mavericks. Whether it's enough remains to be seen. Mavericks president Donnie Nelson said he made a "significant" contract offer to ... (Source: Brownsville Herald 2010-07-02T21:53:26Z)

SAP Extends Sybase Bid, Awaits EU Clearance

German business software maker SAP AG said Friday that it has extended its $5.8 billion tender offer for U.S. database software maker Sybase Inc. because the deal hasn't yet been cleared by European regulators. SAP said the offer of $65 per share, which was scheduled to expire July 1, has now been ... (Source: ABC News 2010-07-02T12:49:24Z)

Avastin May Cause Kidney Damage

A widely prescribed cancer drug noted for its ability to choke off blood vessels that help tumors grow can cause significant kidney damage in some patients, a team of Long Island scientists has found. Kidney problems are the second serious condition linked to Avastin and pinpointed in research ... (Source: WQAD 2010-06-29T23:58:41Z)

Johnson gets $34 mil to stay with Raptors

Forward Amir Johnson has agreed to a five-year contract to stay with the Toronto Raptors . Agent Kevin Bradbury says Thursday the deal is for $34 million. The 6-foot-9 Johnson played in all 82 games last season, averaging 6.2 points. He spent his first four seasons in Detroit after the Pistons ... (Source: FOXSports.com 2010-07-02T06:58:39Z)

UPDATE: EU Exploring Feasibility Of Financial Transaction Tax

BRUSSELS -(Dow Jones)- The European Commission said Friday it is exploring the possibility of taxing financial transactions in Europe, despite the slim chances of a global agreement. The commission is also looking at the possibility of a tax on the profits and assets of financial companies, it said ... (Source: NASDAQ 2010-07-02T13:18:02Z)

Roche Infected With Spirit of Innovation as Genentech Transforms Drugmaker

When Roche Holding AG executives held an investor-day briefing in New York in March, Morgan Stanley analyst Andrew Baum had a question that had nothing to do with new drugs, licensing deals or health-care legislation. "Did the Genentech team hide the ties of the Roche executives?" he asked ... (Source: Bloomberg 2010-06-30T23:57:30Z)

SAP Extends $5.8B Sybase Bid, Awaits EU Approval

NEW YORK (AP) -- German business software maker SAP AG said Friday that it has extended its $5.8 billion tender offer for U.S. database software maker Sybase Inc. because the deal hasn't yet been cleared by European regulators. SAP said the offer of $65 per share, which was scheduled to expire July ... (Source: Industrial Distribution 2010-07-02T14:00:59Z)

Entertainment Properties Trust wraps up refinancing deals

Entertainment Properties Trust said Friday that it has completed two transactions ­— raising $250 million and getting a new credit line — that refinance a significant portion of its outstanding debt and strengthen its capital structure. David Brain, CEO of the Kansas City-based company (NYSE ... (Source: Kansas City Business Journal 2010-07-02T18:40:10Z)

Pass the Dutch Shirt Say Kitbag as World Cup Shirts Sale Is Launched

MANCHESTER, UNITED KINGDOM -- 07/02/10 -- Just as we arrive at the business end of the World Cup, sports retailer Kitbag has announced that it is now offering a discount of 25% off selected World Cup football shirts. Visitors to Kitbag.com will also find the shirts of all of those nations still in ... (Source: Earthtimes 2010-07-02T12:56:34Z)

Coyotes lose Matthew Lombardi, pick up Ray Whitney

The Phoenix Coyotes are always looking for bargains, and general manager Don Maloney believes he found one in Ray Whitney. The Coyotes, under budget restrictions because they still are owned by the NHL, signed the 38 ... (Source: Detroit News 2010-07-03T07:33:15Z)

Arizona's pre-existing condition health coverage kicks in

Arizona is one of 21 states electing to have the federal government run a new pre-existing condition insurance plan. The plan will offer coverage to uninsured Americans who have been unable to obtain health coverage ... (Source: Phoenix Business Journal 2010-07-01T23:20:31Z)

NBA: Celtics reach deal with Pierce

The Boston Celtics have agreed to terms with Paul Pierce on a deal that could keep the MVP of their 2008 title run with the team for another four seasons. The contract was not announced, but it was confirmed to the ... (Source: Philadelphia Daily News 2010-07-03T08:52:00Z)

Avs agree to 2-year deals with Winnik, Quincey

DENVER—The Colorado Avalanche agreed to terms on two-year deals Friday for both forward Daniel Winnik and defenseman Kyle Quincey. Winnik was acquired in a trade with Phoenix on Monday. The 25-year-old had four goals and 15 assists for the Coyotes last season. Quincey, 24, was one of the Avalanche ... (Source: Denver Post 2010-07-02T22:57:52Z)

Sudden oak death latest invasive to alarm biologists

The live oak is the huge-limbed emblem of the Lowcountry. Every time city of Charleston forester Danny Burbage sees one struggling, the fungus is in the back of his mind. Phytophthora ramorum — sudden oak death. It has devastated coast live oaks and tanoaks in California, causing bleeding cankers ... (Source: The Post and Courier 2010-07-02T21:17:39Z)

Avalanche agree to two-year deals with Daniel Winnik, Kyle Quincey

DENVER -- The Colorado Avalanche agreed to terms on two-year deals Friday for both forward Daniel Winnik and defenseman Kyle Quincey. Winnik was acquired in a trade with Phoenix on Monday. The 25-year-old had four goals and 15 assists for the Coyotes last season. Quincey, 24, was one of the ... (Source: Sporting News 2010-07-02T22:57:52Z)

Emerson's sweetened offer to buy Chloride is accepted

British power supply company Chloride Group said Friday that it has accepted an improved takeover bid from U.S. competitor Emerson that values Chloride at $1.5 billion. Chloride said its board unanimously recommended ... (Source: St. Louis Post-Dispatch 2010-07-03T04:55:46Z)

Citigroup Upgraded Entertainment Properties Trust To Buy And Reduced 2010, 2011 EPS ...

Jul 01, 2010 (SmarTrend News Watch via COMTEX) -- 7/1/2010- Citigroup analysts upgraded Entertainment Properties Trust (NYSE:EPR) to buy from hold, with a $46 price target, and reduced their 2010 and 2011 EPS estimates ... (Source: TMCnet 2010-07-01T21:47:28Z)

High-Risk Pools: A Rare Opportunity For Bipartisanship

This month a key program created by the new health overhaul law, the Pre-Existing Condition Insurance Plan, becomes operational in many states. Over the next 40 months, this high-risk insurance pool will provide $5 billion to cover Americans who face the dual challenges of chronic illness and ... (Source: Kaiser Health News 2010-07-02T17:28:35Z)

Magic sign first-round pick Daniel Orton

(AP) — ORLANDO, Fla. - The Orlando Magic have signed first-round pick Daniel Orton. The team made the announcement Thursday. Orton was the 29th overall pick in the NBA draft after playing only one season at Kentucky. Terms of the deal were not immediately announced, although rookie contracts are ... (Source: Cleveland Plain Dealer 2010-07-01T22:30:25Z)

Coyotes believe they found bargain in free-agent winger Ray Whitney

PHOENIX -- The Phoenix Coyotes are always looking for bargains, and general manager Don Maloney believes he found one in Ray Whitney. The Coyotes, under budget restrictions because they still are owned by the NHL, signed ... (Source: Sporting News 2010-07-01T22:23:15Z)

Body of SC swimmer pulled from Lake Moultrie

MONCKS CORNER — The body of a South Carolina man who disappeared in Lake Moultrie has been found by a fisherman. The Post and Courier of Charleston reported a fisherman found the body of 23-year-old Petric Wright of ... (Source: Spartanburg Herald-Journal 2010-07-03T07:47:34Z)

NBA free-agency tracker: Former Pistons Darko Milicic, Amir Johnson get big deals

The Minnesota Timberwolves have agreed to terms with former Pistons draft pick Darko Milicic on a four-year deal. Milicic's agent, Marc Cornstein, says the two sides reached agreement today, just over 12 hours after ... (Source: Detroit Free Press 2010-07-02T03:59:42Z)

Merl Code rejects presidency offer at South Carolina State

Greenville judge, lawyer and businessman Merl Code said Wednesday he rejected an offer to become acting president of South Carolina State University after learning that the university's board, with two new members, would ... (Source: Greenville News 2010-07-01T06:31:12Z)

Whitney leaves Canes for Coyotes

For the second day in a row, the Carolina Hurricanes lost their most experienced player. Free-agent forward Ray Whitney signed a two-year deal with the Phoenix Coyotes on Thursday, a day after center Rod Brind'Amour retired. Between the two players, the Hurricanes lost 40 seasons of NHL playing ... (Source: Raleigh News & Observer 2010-07-02T11:52:08Z)

Swiss Roche Embraces Genentech Cool to Keep Drug Pipeline Lusty

July 2 (Bloomberg) -- When Roche Holding AG executives held an investor-day briefing in New York in March, Morgan Stanley analyst Andrew Baum had a question that had nothing to do with new drugs, licensing deals or health-care legislation. "Did the Genentech team hide the ties of the Roche ... (Source: BusinessWeek 2010-07-01T22:59:03Z)

Chloride Accept's Emerson's Raised Bid

LONDON ( TheStreet ) -- Chloride Group , the British power supply company, accepted a takeover bid of close to 1 billion pounds ($1.5 billion) from Emerson Electric ( EMR ) . Emerson raised its offer for Chloride earlier ... (Source: Street.Com 2010-07-02T07:41:36Z)

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