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 7, 2010, 3:13 am

UPDATE 1-Hologic to buy Sentinelle Medical for $85 mln

July 6 (Reuters) - Hologic Inc ( HOLX.O ) agreed to acquire Sentinelle Medical Inc, a privately owned Canadian medical imaging company, for $85 million to boost its breast cancer detection product portfolio. The deal includes a contingent earn-out payment, in installments, based on the revenue ... (Source: Reuters 2010-07-04T23:59:55Z)

Wells Fargo Upgrades Albany Molecular (AMRI) to Outperform

Wells Fargo upgrades Albany Molecular Research (Nasdaq: AMRI ) from 'Market Perform' to 'Outperform' while maintaining a valuation range of $7-$9. The firm says, "We believe AMRI's core business services are stabilizing and, with shares of AMRI currently trading at a 40% discount to tangible book ... (Source: StreetInsider.com 2010-07-06T12:58:59Z)

Magic reach deal with former Knicks PG Chris Duhon

ORLANDO — The Orlando Magic tried to sign Chris Duhon in free agency two years ago only to watch him go to New York. They finally got their man Tuesday. Duhon reached an agreement with the Magic for a $15 million, four ... (Source: Florida Today 2010-07-06T23:07:26Z)

NBA free-agency tracker: Magic lands Chris Duhon

The Orlando Magic tried to sign Chris Duhon in free agency two years ago, only to watch him go to New York. They finally got their man today. Duhon reached an agreement with the Magic for a $15-million, four-year deal ... (Source: Detroit Free Press 2010-07-07T02:27:52Z)

Magic Bolster Backcourt With Four-Year Agreement With Duhon

Orlando, FL, United States (AHN) - The Orlando Magic bolstered their backcourt Tuesday by acquiring a reliable backup point guard in Chris Duhon. The veteran guard reached agreement with the Magic on a four-year, $15 million deal, according to reports. Teams cannot officially sign free agents until ... (Source: All Headline News 2010-07-07T08:40:06Z)

Asian stocks fell, dragging the MSCI Asia Pacific Index lower

The MSCI Asia Pacific Index fell 1.1 percent to 112.59 as of 1:23 p.m. in Tokyo. The slower-than-estimated expansion by U.S. service industries underscored concern global growth is faltering. The MSCI Asia Pacific Index ... (Source: India Daily 2010-07-07T05:26:49Z)

Saying no to naming rights

As leading Canadian brands go, it's hard to beat the one we've got. Mention Victoria anywhere in Canada -- and in much of the United States -- and people will talk about how beautiful it is or how much they enjoyed their vacation or how they are planning to get here as soon as they can. Our name ... (Source: Times Colonist 2010-07-07T07:49:59Z)

Oilers sign No. 1 draft pick Hall

EDMONTON, Alberta -- The Edmonton Oilers have signed top overall draft pick Taylor Hall to a three-year, entry-level contract. Hall's deal includes the maximum base salary of $900,000 per season and bonuses that max out at $3.75 million annually ... (Source: Forbes 2010-07-05T23:44:25Z)

China defends jailing of US geologist

CHINA defended the jailing of an American geologist on state secrets charges overnight, rejecting US protests over the sentence and telling Washington not to interfere on the issue. US geologist Xue Feng was sentenced to eight years in jail on Monday on charges related to the sale of a database ... (Source: News.com.au 2010-07-07T00:11:51Z)

Hologic agrees to buy breast cancer imaging device and software maker Sentinelle for $85M

BEDFORD, MASS. — Hologic will pay $85 million for Sentinelle Medical Inc., which makes MRI technology used in breast cancer testing, the diagnostic device maker said Tuesday. Hologic makes mammogram systems and other diagnostic tools. It said the deal could include additional payments based on ... (Source: San Francisco Examiner 2010-07-06T20:58:35Z)

Hall signs on in Edmonton

The Edmonton Oilers have signed top overall draft pick Taylor Hall to a three-year, entry-level contract. Hall's deal includes the maximum base salary of $900,000 per season and bonuses that max out at $3.75 million annually. "Now, it's time to work," Hall said. "All the excitement is over. I'm ... (Source: The Province 2010-07-06T08:19:48Z)

Texas Rangers to hold auction for team's sale

FORT WORTH, Texas - The Texas Rangers plan to hold an auction next month 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: Altoona Mirror 2010-07-07T03:25:08Z)

GM Place to be renamed Rogers Arena as Canucks sign new sponsorship deal

The Canadian Press VANCOUVER - The Vancouver Canucks will play at Rogers Arena next season. The team has signed a new naming rights agreement with the communications giant. The rink had been known as GM Place since it opened in 1995 but the agreement between the Canucks and General Motors of Canada ... (Source: Big Hollywood 2010-07-07T02:06:23Z)

US urges China to free geologist 'immediately'

WASHINGTON, July 7 (bdnews24.com/AFP) – The United States is stepping up pressure on China to free a US geologist given an eight-year sentence on state secrets charges, dismissing Beijing's insistence that the case was an internal affair. Xue Feng, a Chinese-born US citizen working for a private ... (Source: Bangladesh News 24 hours 2010-07-07T07:14:12Z)

Aquapharm, AMRI Sign Research Deal To Identify Novel Drug-like Compounds And ...

(RTTNews) - Aquapharm Biodiscovery announced the signing of a research agreement with Albany Molecular Research (AMRI: News ) to identify novel drug-like compounds and scaffolds with anti-microbial and anti-inflammatory ... (Source: RTT News 2010-07-07T09:01:34Z)

Central European Distribution Corp. Decides Not To Pursue The Acquisition Of Nemiroff ...

(RTTNews) - Central European Distribution Corp. (CEDC: News ) said on Tuesday that it has decided not to pursue an acquisition of Nemiroff. The net proceeds expected from the sale of the Polish distribution business ... (Source: RTT News 2010-07-06T21:20:03Z)

PRO BASEBALL: Texas Rangers for sale — Wanna buy a major league team? Got $500M?

FORT WORTH — Got half a billion dollars? The Texas Rangers are set to go on the auction block next week after an unexpected snag in the team's bankruptcy plans. Don't call your banker just yet. Major League ... (Source: Standard-Times 2010-07-07T02:13:33Z)

Hologic will buy Sentinelle of Canada for $85M

Hologic will pay $85 million for Sentinelle Medical Inc., which makes MRI technology used in breast cancer testing, the diagnostic device maker said Tuesday. Hologic makes mammogram systems and other diagnostic tools. It said the deal could include additional payments based on revenue growth for ... (Source: AP - msnbc.com 2010-07-06T20:51:25Z)

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 to a group led by Pittsburgh attorney Chuck Greenberg and Hall of Fame pitcher ... (Source: Forbes 2010-07-06T15:07:50Z)

Vodka Maker CEDC Withdraws from Acquisition of Nemiroff Ukrainian Vodka

The company said the net proceeds expected from sale of Polish distribution business, which were earlier meant for part payment for the acquisition, would now be used for other business purposes. CEDC said, among other ... (Source: FLEXNEWS 2010-07-07T08:04:18Z)

Asian Stocks Fall, Yen Gains on U.S. Service Industries Report

July 7 (Bloomberg) -- Asian stocks fell for the first time in three days, U.S. stock futures dropped and the yen gained after American service industries expanded at a slower pace than expected, adding to concern the ... (Source: BusinessWeek 2010-07-07T04:43:52Z)

Deal with China on nuclear reactors inked in 2009: Pak

Beijing: Amid concerns expressed by India and the US about the new Sino-Pak nuclear deal, Pakistan has claimed that the agreement to build two atomic reactors was inked in 2009 itself during president Asif Ali Zardari's ... (Source: Daily News and Analysis 2010-07-07T08:54:25Z)

President Zardari to sign trade deals with China

Why the attention on Pakistan's Chashma nuclear complex? Why the attention on Pakistan's Chashma nuclear complex? BEIJING: Pakistan President Asif Ali Zardari will sign agreements with China on business and trade during ... (Source: DAWN Group 2010-07-07T09:58:50Z)

Aquapharm, AMRI Sign Research Deal To Identify Novel Drug-like Compounds And Scaffolds - Quick Facts

(RTTNews) - Aquapharm Biodiscovery announced the signing of a research agreement with Albany Molecular Research (AMRI: News ) to identify novel drug-like compounds and scaffolds with anti-microbial and anti-inflammatory activity from Aquapharm's marine natural products library derived from its ... (Source: RTT News 2010-07-07T09:01:34Z)

China, Pakistan mum on whether nuclear energy deals will come up during Zardari visit

BEIJING, China - Pakistan President Asif Ali Zardari will sign agreements with China on business and trade during a visit to Beijing that kicked off on Wednesday, according to China's Foreign Ministry. But both sides ... (Source: Canada East 2010-07-07T07:57:09Z)

Canucks' GM Place to be renamed Rogers Arena

VANCOUVER, British Columbia -- The Vancouver Canucks have a new name for their home next season: Rogers Arena. The rink had been known as GM Place since it opened in 1995. But the agreement between the Canucks and General Motors of Canada has expired and the team has signed a naming rights deal with ... (Source: Sporting News 2010-07-06T21:20:03Z)

China Urges Fair Treatment After U.S. Backlash Over Steel Deal

China called for fair treatment of its companies on Tuesday after U.S. lawmakers raised objections to a giant Chinese steelmaker's plans to invest in an American steel mill. Fifty U.S. Congress members last week sent a letter to Treasury Secretary Timothy Geithner urging an investigation into the U ... (Source: Industry Week 2010-07-06T17:23:50Z)

Central European Distribution (CEDC) Won't Pursue Acqusition of Nemiroff; Issues Updates on Potential Use of Proceeds from Sale of Distribution Unit

Central European Distribution Corporation (Nasdaq: CEDC ) today announced that it has decided not to pursue an acquisition of Nemiroff. The net proceeds expected from the sale of the Polish distribution business, which were initially targeted as partial consideration for the acquisition of Nemiroff ... (Source: StreetInsider.com 2010-07-06T20:08:29Z)

Edmonton Oilers sign top draft pick

EDMONTON, Alberta (AP) -- The Edmonton Oilers have signed top overall draft pick Taylor Hall to a three-year, entry-level contract. Hall's deal includes the maximum base salary of $900,000 per season and could end up netting him around $3 million each year depending on how many performance bonuses ... (Source: WRDW-TV 2010-07-05T21:14:05Z)

Most Asian Stocks Rise on Australia Mining Tax Deal; Commodity Shares Gain

Most Asian stocks gained, led by commodity producers, after Australia's government reached an agreement with mining companies on a resources tax. Japanese automakers declined. The MSCI Asia Pacific Index increased 0.1 ... (Source: Bloomberg 2010-07-02T00:17:47Z)

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