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, 5:11 pm

Teddy Bear Sales Used in L.A. Money Laundering Scheme

LOS ANGELES -- Federal officials announced a drug-money laundering case here Friday with an unusual twist: the laundering was allegedly done through the sale of Teddy bears and other toys. An indictment was unsealed in ... (Source: Wall Street Journal 2010-07-03T12:12:26Z)

Fundraiser Starts Today for Girl who Died at LA Coliseum Rave

(KNX 1070 NEWSRADIO) A fund-raiser is being held today and tomorrow to help the family of the 15-year-old girl who died of a suspected drug overdose in connection with last weekend's rave at the LA Coliseum. Members of the drill team that Sasha Rodriguez performed with have organized a bake sale at ... (Source: KNx 1070 2010-07-02T13:53:50Z)

News and FDA Updates for Impax (NASDAQ:IPXL), Spectrum (NasdaqGM:SPPI), Watson (NYSE:WPI)

BioMedReports.Com, the news portal which covers Wall Street's biomedical sector and delivers financial and investment intelligence to a community of highly informed investors has Healthcare stock news and updates to its calendar database of Clinical Trials and upcoming FDA approvals & decisions. A ... (Source: American Chronicle 2010-07-03T07:47:34Z)

Columbia Laboratories Stockholders Approve Sale of Progesterone Assets to Watson Pharmaceuticals

LIVINGSTON, N.J.--( BUSINESS WIRE )--Columbia Laboratories, Inc. (Nasdaq: CBRX) announced that in a special meeting of stockholders held this morning, stockholders approved the sale of substantially all of Columbia's ... (Source: Business Wire 2010-07-01T00:54:46Z)

EADS Still Hopes to Win Tanker Deal

AIX-EN-PROVENCE, France -- EADS , the parent of Boeing ( BA ) archrival Airbus still hopes to win a Pentagon tanker contract despite a World Trade Organization ruling that Airbus received illegal subsidies from European ... (Source: Street.Com 2010-07-03T19:57:43Z)

Home credit extended

WASHINGTON -- President Barack Obama signed Friday a three-month extension on the deadline for home buyers to obtain a federal home-buyer tax credit of up to $8,000. Buyers now have until Sept. 30 to close on a home sale to be eligible for the credit. The closing deadline was originally June 30. To ... (Source: Pittsburgh Post-Gazette 2010-07-03T03:51:21Z)

Watson Pharmaceuticals says Columbia shareholders approve sale of hormone drug

NEW YORK — Watson Pharmaceuticals Inc. said Thursday that Columbia Laboratories' shareholders approved the company's sale of its hormone drug Crinone. In March, Watson said it will pay $47 million upfront for the drug ... (Source: Washington Examiner 2010-07-01T16:11:01Z)

2 teens killed in I-15 crash near Santaquin

SANTAQUIN, Utah (AP) - A single-vehicle accident on Interstate 15 near Santaquin has killed two teens and injured a man. Utah Highway Patrol Trooper Todd Johnson says they were in a car that drifted off the roadway this morning and hit a guardrail that impaled the car. Their names were not ... (Source: ABC 4 2010-07-03T21:45:05Z)

Microsoft pulls the plug on Kin

Amid anemic sales, Microsoft has decided to halt work on its Kin phone less than two months after the product hit the market. The social media-oriented phone will not make its planned European debut and Microsoft is shifting the entire Kin team to work on Windows Phone 7 , the Microsoft smartphone ... (Source: Zd Net Asia.com 2010-06-30T23:57:30Z)

Toy company accused of laundering drug money

Three executives at a stuffed toy manufacturer were arrested Friday on suspicion of laundering millions of dollars for Mexican and Colombian drug traffickers, authorities said. The arrests followed a two-year, multi ... (Source: Detroit Free Press 2010-07-03T18:31:49Z)

Home buyer tax credit gets new deadline

WASHINGTON — President Barack Obama on Friday signed a three-month extension of the deadline for home buyers to obtain a federal home buyer tax credit of as much as $8,000. Buyers have until Sept. 30 to close on a home sale to be eligible for the credit. The closing deadline originally was June 30 ... (Source: Modesto Bee 2010-07-03T06:57:28Z)

Money Laundering Scheme Uses Teddy Bears

(NewsCore) - Federal officials announced a drug-money laundering case in Los Angeles Friday with an unusual twist: the laundering was allegedly done through the sale of teddy bears and other toys. An indictment was ... (Source: My Fox Boston 2010-07-03T15:11:23Z)

Bahrain Central Bank: Committed to dollar peg

AIX-EN-PROVENCE, France (Dow Jones)--Bahrain is committed to maintaining its exchange rate peg to the U.S. dollar, the governor of the Central Bank of Bahrain said Saturday, while at the same time continuing talks with several states of the Persian Gulf region to achieve monetary union. "We are ... (Source: Tehran Times 2010-07-03T19:57:43Z)

Simply the Best: NBA's 20 Greatest Players of All Time

I recently created the slideshow entitled, "NBA's Five Greatest Players of All Time." Since it sparked a heated debate (over 60 comments), I decided to take it further and rank the 20 best players in league history. Of ... (Source: Bleacherreport.com 2010-07-03T18:24:40Z)

Home buyers nationwide win more time to claim tax credit

Washington — President Barack Obama signed Friday morning a three-month extension on the deadline for home buyers to obtain a federal home-buyer tax credit of up to $8,000. Buyers now have until Sept. 30 to close on a home sale to be eligible for the credit. The closing deadline was originally ... (Source: LJWORLD 2010-07-03T05:17:15Z)

Somali Pirates Demand Ransom For Singaporean-Flagged Ship

Mogdishu, Somalia (AHN) - Pirates that have seized a Singapore-flagged cargo ship with 19 Chinese crew members on board have asked for ransom, according to the Shanghai-based company that chartered the ship. The Singaporean-flagged MV Golden Blessing was seized Monday inside the internationally ... (Source: All Headline News 2010-07-03T23:10:59Z)

Items for sale from Chuck Daly's Detroit-area home

WEST BLOOMFIELD TOWNSHIP , Mich. (AP) รข€" The contents of the late Pistons coach Chuck Daly 's suburban Detroit home are available for purchase. The estate sale at Daly's home in Oakland County 's West Bloomfield ... (Source: Daily Oklahoman 2010-07-01T19:17:08Z)

National Interstate Completes Acquisition of Vanliner Insurance Company

RICHFIELD, Ohio, July 1, 2010 (GLOBE NEWSWIRE) -- National Interstate Corporation (Nasdaq:NATL) announced today that its principal insurance subsidiary, National Interstate Insurance Company, completed its previously ... (Source: Earthtimes 2010-07-01T11:03:13Z)

Report says Chinese electronics workers end strike

BEIJING (AP) — Workers at a Japanese-owned electronics plant in northern China have ended a strike over pay and benefits after four days, Chinese state media said Saturday. Mitsumi Electric Co. said the plant in Tianjin resumed production Saturday, the official Xinhua News Agency reported. A ... (Source: The Guardian 2010-07-03T22:56:40Z)

BP aims to raise $9bn from sale of South American assets to China

Workers use a vacuum hose to clean up a beach in Louisiana polluted by the Deepwater Horizon oil spill. Photograph: Joe Raedle/Getty Images Russian management of the TNK-BP joint venture, based in Moscow, has also said that it would like to buy more assets from the beleaguered company in other parts ... (Source: The Guardian 2010-06-30T23:57:30Z)

Dexia Exceeds Asset-Sale Target

AIX-EN-PROVENCE, France—Franco-Belgian bank Dexia SA sold €17 billion ($21.33 billion) in financial assets, bonds and loans, since the start of the year, exceeding the €15 billion target set for the entire year, Chief Executive Pierre Mariani said Saturday in an interview with Dow Jones ... (Source: Wall Street Journal 2010-07-03T16:15:49Z)

Ray McNulty: Summit of NBA star free agents should not be allowed

It was the late, great Chuck Daly who said it best. "It's a players' league," said Daly, the Hall of Fame basketball coach who won back-to-back NBA championships with the Detroit Pistons, brought home an Olympic ... (Source: Jupiter Courier 2010-07-01T10:20:16Z)

Paragon Shipping Inc. Reports the Sale of One Kamsarmax Newbuilding Contract and the Purchase of Two ...

Paragon Shipping Inc. (NYSE: PRGN), or the Company, a global shipping transportation company, announced today that it has sold one of its newbuilding Kamsarmax contracts and has also entered into agreements to acquire ... (Source: msnbc.com 2010-06-30T20:01:16Z)

Giii-mongus YARD SALE

Marva Loy's YARD SALE at 12524 SPRING LAKE RD., Payson. Don't miss this one. Books, clothing, antiques, furniture, tools, Student desk, and Bookcase with sliding glass doors. Something for everyone. Saturday July 3 - 8 am. We are in Spring Lake which is in between Payson and Santaquin on State Rd ... (Source: ksl.com 2010-07-02T11:16:21Z)

Dividend Dates and Distribution Amounts Announced for Certain BlackRock Closed-End Funds

NEW YORK, Jul 01, 2010 (BUSINESS WIRE) -- Certain BlackRock closed-end funds (the "Funds") announced distributions today as detailed below. Municipal Funds: Declaration- 7/1/2010 Ex-Date- 7/13/2010 Record- 7/15/2010 ... (Source: Marketwatch 2010-07-01T22:30:25Z)

Friends Hold Bake Sale For Girl Who Died After Rave

Los Angeles - A bake sale to benefit the family of a 15-year-old girl believed to have died from a drug overdose after she stopped breathing at last weekend's Electric Daisy Carnival continues. The fundraiser, which started Friday at Alessandro Elementary School, 2210 Riverside Drive, was organized ... (Source: Myfoxla.com 2010-07-03T11:43:48Z)

Two dead, one injured, in Utah County fatal

Two teenagers were killed and a man was injured Saturday morning in Utah County when the car they were in drifted off Interstate 15 and hit a guardrail that impaled the vehicle. The names of the men were not immediately ... (Source: Salt Lake Tribune 2010-07-03T23:39:37Z)

Teenager's death puts focus on LA's rave parties

They escaped unhurt but more than 100 people were taken to hospitals for everything from drug overdoses to being battered and trampled by the crowd. Among them was 15-year-old Sasha Rodriguez, who was attending her first rave when she collapsed. A friend who tried to shield her said others stepped ... (Source: Washington Post 2010-07-02T19:58:54Z)

Microsoft Ends Work on Kin to Focus on Windows Phones

June 30 (Bloomberg) -- Microsoft Corp. said it is ending work on its Kin social-networking mobile phones less than two months after they went on sale in the U.S. to focus exclusively on its Windows Phone software. Kin ... (Source: BusinessWeek 2010-06-30T22:17:17Z)

Microsoft Said to Blame Low Sales, High Price for Kin's Failure

June 30 (Bloomberg) -- Microsoft Corp. scrapped the new Kin social-networking smartphone because sales fell well short of the company's expectations, a person with knowledge of the decision said. The phone's high ... (Source: BusinessWeek 2010-06-30T23:21:42Z)

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