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 6, 2010, 4:12 pm

Reliance Natural Resources Takeover to Stem Value Destruction, Karvy Says

Investors in Reliance Natural Resources Ltd. , the fuel supplier owned by billionaire Anil Ambani that was bought by his power utility at a 31 percent discount, may have suffered an even bigger loss had the company ... (Source: Bloomberg 2010-07-06T19:18:22Z)

Morning Minutes: July 6

Fashion blogs aren't just for women. This site features "real style for reasonable prices." There are great coupons and deals on men's clothing, shoes and accessories; grooming tips and advice; and even product reviews. Number to Know 4-2: Score of the first Major League Baseball All-Star ... (Source: Galesburg Register-Mail 2010-07-06T07:58:20Z)

RNRL plunges 28%; RPower climbs 8% post merger deal

Mumbai: Anil Ambani-led Reliance Natural Resources (RNRL) today tanked over 28 percent in the early trade, a day after its board approved the company's merger with sister firm Reliance Power, whose shares climbed above 8 percent.In a volatile ... (Source: in.com 2010-07-05T10:15:31Z)

Texas Rangers agree to hold auction for team sale; Nolan Ryan's group says its bid ...

FORT WORTH, TEXAS — The Texas Rangers plan to hold an auction next week for the team's sale in hopes of getting the bankruptcy plan approved, according to a court motion filed Monday. The team, which had a pending sale ... (Source: Washington Examiner 2010-07-06T15:00:40Z)

Texas Rangers have new bidder, amended plan for sale

Another potential bidder for the Texas Rangers has emerged, according to a sports industry publication, while the ball club's bankruptcy attorneys have slightly amended their plan to lift it out of Chapter 11 on July 9 ... (Source: Dallas Morning News 2010-06-28T20:17:58Z)

Morning Minute - July 6

 Fashion blogs aren't just for women. This site features "real style for reasonable prices." There are great coupons and deals on men's clothing, shoes and accessories; grooming tips and advice; and even product reviews. Number to Know 4-2: Score of the first Major League Baseball All-Star Game ... (Source: Daily Reporter 2010-07-06T10:57:17Z)

Stocks Rally on Valuations, Spanish Bond Sale; Oil Jumps

July 6 (Bloomberg) -- Stocks rallied, with the Standard & Poor's 500 Index rebounding from a 10-month low, after global equities traded at the cheapest level relative to earnings since 2009 and a Spanish bond sale quelled concern the nation will struggle to fund its deficit. Oil climbed and the ... (Source: BusinessWeek 2010-07-06T14:17:43Z)

LeBron James Shows Up at Camp

AKRON, Ohio (AP) -- LeBron James has arrived at his summer camp, a little later than expected. Driving a customized silver pickup truck, James pulled into the parking area next to Rhodes Arena at 3:15 p.m. ET, more than ... (Source: FanHouse 2010-07-06T22:10:10Z)

Sun Valley Media Deals

Media moguls are arriving in Sun Valley, Idaho, for the annual Allen & Co. conference, where big media deals are made. Merissa Marr, of The Wall Street Journal, and Andrew Ross Sorkin, of the NY Times, discuss what the ... (Source: CNBC 2010-07-06T18:28:16Z)

BSE Oil & Gas Index tops sectoral losers

The BSE Oil & Gas index ended 0.8 percent lower on Monday with all but one of its constituent stocks closing in the red. The big mover of the day was Reliance Natural, which dropped 27.2 percent after a deal to fold into sister firm Reliance Power valued the company at a steep discount to its market ... (Source: Reuters Blogs 2010-07-05T14:26:04Z)

Texas Rangers agree to hold auction for team sale

FORT WORTH, Texas -- The Texas Rangers plan to hold an auction next week for the team's sale in hopes of getting the bankruptcy plan approved, according to a court motion filed Monday. The team, which had a pending sale ... (Source: Forbes 2010-07-06T15:07:50Z)

Stocks Rally on Earnings Speculation; Oil Jumps, Dollar Falls

July 6 (Bloomberg) -- Stocks surged, with the Standard & Poor's 500 Index rising from a 10-month low, on speculation earnings growth will help the market rebound from its lowest valuation since 2009, while a Spanish bond sale quelled concern the nation will struggle to fund its deficit. Oil ... (Source: BusinessWeek 2010-07-06T15:43:37Z)

Moguls' Sun Valley Summer Camp to Focus on Web, Not Mega-Deals

July 6 (Bloomberg) -- Media moguls at Allen & Co.'s annual conference, usually on the prowl for the next big deal, are paying more attention to small screens as they confront rapidly shifting consumer tastes. With more customers catching a TV show on a mobile phone or tablet computer, officials ... (Source: BusinessWeek 2010-07-06T04:09:16Z)

Moguls' Sun Valley summer camp to focus on web, not mega-deals

edia moguls at Allen & Co.'s annual conference, usually on the prowl for the next big deal, are paying more attention to small screens as they confront rapidly shifting consumer tastes. With more customers catching a TV show on a mobile phone or tablet computer, officials and analysts say Rupert ... (Source: Daily Business Review 2010-07-06T15:00:40Z)

July 6: Top of the day

Fashion blogs aren't just for women. This site features "real style for reasonable prices." There are great coupons and deals on men's clothing, shoes and accessories; grooming tips and advice; and even product reviews. Number to Know 4-2: Score of the first Major League Baseball All-Star Game ... (Source: Times Reporter 2010-07-06T10:50:08Z)

Medvedev Spurs Mortgage Bonds as Sberbank Plans Sale

July 5 (Bloomberg) -- President Dmitry Medvedev's attempt to boost home purchases is leading OAO Sberbank to plan its debut mortgage-backed bonds while the government's housing agency prepares its first issue in two years. OAO Agency for Housing Mortgage Lending may sell home loan- backed ... (Source: BusinessWeek 2010-07-05T13:35:57Z)

Apple's IPhone 4 Debut Floods EBay, Secondhand Market With Older Versions

Apple Inc. 's record-setting debut of the iPhone 4 has led to another surge: a flood of old iPhones hitting EBay, recyclers and discount sites. Gazelle.com, a site that buys electronics from consumers, purchased 20,000 ... (Source: Bloomberg 2010-07-06T13:06:08Z)

Croatia Seeks up to $500 Million in First Dollar Bond Sale Since October

Croatia plans to raise at least $500 million in its first sale of dollar-denominated bonds since October 2009 as the nation bordering the Adriatic Sea struggles to revive its economy. The former Yugoslav republic is marketing new 10-year, syndicated notes that may be priced to yield about 6.75 ... (Source: Bloomberg 2010-07-06T15:43:37Z)

Companies Market Debt as Default Rates Slide: New Issue Alert

July 6 (Bloomberg) -- Companies are marketing $4.22 billion of debt in the U.S. as default rates for high-yield, high-risk U.S. borrowers slide. The rate at which U.S. speculative-grade borrowers default on their debt fell to 6 percent at the end of June, an 85 basis- point drop over the past month ... (Source: San Francisco Gate 2010-07-06T17:02:22Z)

First Trust Advisors L.P. Announces Portfolio Manager Update Call for First Trust ...

BusinessWire - First Trust Advisors L.P. ("FTA") announced today that First Trust Strategic High Income Fund (NYSE: FHY); First Trust Strategic High Income Fund II (NYSE: FHI); First Trust Strategic High Income Fund III ... (Source: Forbes 2010-07-06T20:58:35Z)

First Trust Advisors L.P. Announces Portfolio Manager Update Call For First/FIDAC Mortgage Income Fund

First Trust Advisors L.P. ("FTA") announced today that First Trust/FIDAC Mortgage Income Fund (NYSE: FMY) intends to host a conference call with Fixed Income Discount Advisory Company ("FIDAC"), the Fund's investment sub-advisor, on Monday, July 19, 2010 at 4:15 P.M. Eastern Time. The ... (Source: Street.Com 2010-07-06T20:29:57Z)

First Trust Advisors L.P. Announces Portfolio Manager Update Call for First/FIDAC ...

BusinessWire - First Trust Advisors L.P. ("FTA") announced today that First Trust/FIDAC Mortgage Income Fund (NYSE: FMY) intends to host a conference call with Fixed Income Discount Advisory Company ("FIDAC"), the Fund's ... (Source: Forbes 2010-07-06T20:58:35Z)

EU court says Monsanto can't block exports to Europe of Argentine soy with patented gene

BRUSSELS (AP) — The European Union 's top court ruled Tuesday that Monsanto Co. , the world's biggest seed maker, cannot block Argentine farmers from exporting to Europe soy meal containing the company's patented genetic modifications. The ruling by the EU Court of Justice says Monsanto's European ... (Source: Chicago Tribune 2010-07-06T20:29:57Z)

LeBron James comes to basketball camp

AKRON, Ohio -- LeBron James has arrived at his summer camp, a little later than expected. Driving a customized silver pickup truck, James pulled into the parking area next to Rhodes Arena at 3:15 p.m., more than four hours after he was scheduled to show. James did not address the media and did not ... (Source: Forbes 2010-07-06T19:39:51Z)

EU: Most Iran Air jets banned from Europe

BRUSSELS—The EU on Tuesday banned most of Iran Air's jets from flying to Europe due to safety concerns, emphasizing that the move was not related to U.N. sanctions against Iran over its nuclear program. The 27-nation bloc also relaxed restrictions on two airlines from Indonesia and put a Surinam ... (Source: San Jose Mercury News 2010-07-06T13:13:18Z)

New iPhone debut floods market with used models

Apple Inc.'s record-setting debut of the iPhone 4 has led to another surge: a flood of old iPhones hitting EBay, recyclers and discount sites. Gazelle.com , a site that buys electronics from consumers, purchased 20,000 ... (Source: San Jose Mercury News 2010-07-06T21:27:13Z)

LeBron James arrives late to basketball camp in Ohio

AKRON, Ohio (AP) — LeBron James has arrived at his summer camp, a little later than expected. Driving a customized silver pickup, James pulled into the parking area next to Rhodes Arena at 3:15 p.m., more than four ... (Source: USA Today 2010-07-06T21:05:44Z)

EU court: Monsanto can't stop sale of patented soy

BRUSSELS— The European Union's top court ruled Tuesday that Monsanto Co., the world's biggest seed maker, cannot block Argentine farmers from exporting to Europe soy meal containing the company's patented genetic modifications. The ruling by the EU Court of Justice says Monsanto's European patent ... (Source: Boston Globe 2010-07-06T21:05:44Z)

Apple sells 1.7 million iPhone 4s in first three days

Apple Inc. said Monday that it sold more than 1.7 million of its new iPhones in its first three days, shattering the previous record for sales of the popular smart phone. Sales of the iPhone 4 beat demand for last year's ... (Source: Los Angeles Times 2010-06-29T07:02:12Z)

China shares rebound from 15-month low

SHANGHAI— Chinese shares rebounded Tuesday from a 15-month low as investors hunted bargains. The benchmark Shanghai Composite Index rose 45.48 points, or 1.9 percent, to close at 2,409.42. The Shenzhen Composite Index ... (Source: Boston Globe 2010-07-06T10:35:49Z)

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