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 / August 10, 2010, 6:40 am

Struggling under debt, Mexicana airline files for bankruptcy protection in Mexico, US

MEXICO CITY (AP) — Debt-ridden Mexicana de Aviacion, Mexico's largest airline, announced Tuesday it filed for bankruptcy protection in Mexico and the U.S. after pilots and flight attendants rejected a deal ... (Source: Chicago Tribune 2010-08-04T00:00:07Z)

Minnesota primary choice comes down to taxes

ST. PAUL – Today's primary election features one major question: How rich does a Minnesotan need to be before the state raises taxes? Former U.S. Sen. Mark Dayton, who leads recent polls for today's Democratic ... (Source: INFORUM 2010-08-10T07:31:08Z)

Skype Files Plans for $100 Million IPO

Skype SA filed plans for an initial public offering Monday, trying to make the case for investing in an Internet phone company that is used by millions but paid for by few. The offering would be one of the ... (Source: Wall Street Journal 2010-08-10T11:05:53Z)

Major 7.5 Earthquake Hits Vanuatu

(RTTNews) - The Pacific island nation of Vanuatu--lying between Fiji and Australia and north of New Zealand--was on Tuesday struck by a major 7.5-magnitude earthquake that generated a small tsunami and forced thousands ... (Source: RTT News 2010-08-10T10:15:47Z)

Katy Perry Goes 'Back To School' For Teen Choice Awards

Katy Perry relived her school days as the host of the Teen Choice Awards - the pop star went from gawky geek to prom queen as she hit the stage in an array of teen-inspired costumes. The quirky singer was in ... (Source: Post Chronicle 2010-08-10T13:14:44Z)

Skype to sell shares

NEW YORK - INTERNET communications company Skype announced on Monday plans to go public with the sale of shares at an estimated value of up to 100 million dollars (S$135 million). The Luxembourg-based firm filed a ... (Source: Straits Times 2010-08-09T15:10:27Z)

Art from Lehman Brothers European offices for sale

Artworks, objects and office signs from the European offices of Lehman Brothers are being auctioned to help pay creditors of the failed investment bank, Christie's auction house said Monday. The Sept. 29 sale ... (Source: Washington Post 2010-08-10T02:44:48Z)

7.5-magnitude quake rattles Vanuatu

SYDNEY (AP) - Panicked residents of Vanuatu raced for higher ground after a powerful earthquake rattled the South Pacific island nation and generated a small tsunami on Tuesday. The 9-inch (22 centimeter) wave ... (Source: KXAN 2010-08-10T12:31:47Z)

Mexicana airline files for bankruptcy protection

Debt-ridden Mexicana de Aviacion, Mexico's largest airline, announced Tuesday it filed for bankruptcy protection in Mexico and the U.S. after pilots and flight attendants rejected a deal to cut pay and staffing. Mexicana ... (Source: AP - msnbc.com 2010-08-03T23:52:58Z)

'Twilight,' 'Vampire Diaries' dominate Teen Choice Awards

UNIVERSAL CITY, Calif. — Maybe they should switch the name to the Vampire Choice Awards? Bloodsuckers struck another vein at the Teen Choice Awards with "The Twilight Saga" ruling Sunday's ceremony with ... (Source: Reporter 2010-08-10T12:24:38Z)

Bankrupt Lehman Brothers signs for sale

LONDON (AP) -- Fancy a credit-crunch keepsake or a meltdown memento? Artworks, objects and office signs from the European offices of Lehman Brothers are being auctioned to help pay creditors of the failed ... (Source: Columbus Dispatch 2010-08-10T11:13:03Z)

Democrats push hard in final primary showdown

MINNEAPOLIS -- The three top Democrats vying to become their party's nominee for governor criss crossed Minnesota Monday in an election eve campaign blitz. Rep. Margaret Anderson Kelliher, the DFL party's endorsed ... (Source: msnbc.com 2010-08-10T09:39:59Z)

Skype planning $100m flotation

Internet communications company Skype today announced plans to go public with the sale of shares at an estimated value of up to $100m. The Luxembourg-based firm filed a request to sell an unspecified number of American ... (Source: RTE Online 2010-08-09T16:36:21Z)

Airline Mexicana: Needs Union Deals, Cash Soon

(Updates with comments from unions, industry analyst and background). MEXICO CITY -(Dow Jones)- Airline Mexicana de Aviacion, which entered bankruptcy protection this week, needs to quickly reach a deal with ... (Source: FOXBusiness 2010-08-06T23:56:34Z)

Make drugs legal, says former Mexican president

Conservative Mexican ex-president Vicente Fox has spoken out in favour of legalising illegal drugs, as his country sinks ever deeper into bloody drug wars. "What has to be made legal are the production, sale and ... (Source: ABC Online 2010-08-10T13:07:35Z)

VeriSign Closes Sale Of Its Authentication Services Business To Symantec For Approx ...

(RTTNews) - Internet infrastructure services proivder VeriSign, Inc. (VRSN: News ) said it completed the sale of its Authentication Services business to Symantec Corp. (SYMC: News ) for approximately $1.28 billion in ... (Source: RTT News 2010-08-10T11:05:53Z)

Sohu.com (SOHU) Enters Non-Binding Agreement for Sogou Minority Interest Sale

Sohu.com Inc. (Nasdaq: SOHU ) today announced that it has entered into a preliminary, non-binding term sheet for the possible sale to strategic investors, including Alibaba Group(1) and Yunfeng Fund L.P.(2) (collectively ... (Source: StreetInsider.com 2010-08-09T11:35:42Z)

Alibaba.com shuns parent company in search engine deal

Alibaba.com is refusing to participate in a deal with its parent Alibaba Group to buy a stake in Sohu.com Inc.'s search engine unit, the chief executive of the e-commerce company said on Tuesday. The deal, which was ... (Source: IDG NEWS 2010-08-10T11:20:12Z)

Skype files for IPO of up to $100 million

Skype SA, the Internet calling service that was controlled until last year by eBay Inc., filed Monday for a U.S. initial public offering. Luxembourg-based Skype tentatively put the value of the offering at $ ... (Source: Allentown Morning Call 2010-08-10T10:30:06Z)

Mexico Ex-President Fox Calls for Drug Legalization as Way to End Violence

Former Mexican President Vicente Fox said his country should legalize the production and sale of drugs in order to curb rising cartel-related violence. Legalizing narcotics would curb financing to organized ... (Source: Bloomberg 2010-08-09T16:57:50Z)

On the Block: A Lehman Sign for £2,000

Paintings, tea caddies, cigar boxes and Chinese ceramics that decorated the London offices of Lehman Brothers are set to be auctioned at Christie's in September. The sale is expected to raise about £2 ... (Source: New York Times Blogs 2010-08-09T10:16:58Z)

Today's primary: tax the rich or the really rich?

ST. PAUL -- The highlight race in today's primary election features one major question: How rich does a Minnesotan need to be before the state raises taxes? Former U.S. Sen. Mark Dayton, who leads recent polls for today's ... (Source: Echo Press 2010-08-10T11:41:41Z)

Students Protest in Mexicali

On the crowded second floor of an office building in downtown Mexicali, Mexico, 80 students, workers, professors and youths awaited Carlos Reyes and the news he had to share from the state of Oaxaca in the ... (Source: New University Newspaper 2010-08-10T08:14:05Z)

Skype files to sell shares at up to $100 million

Internet communications company Skype announced Monday plans to go public with the sale of shares at an estimated value of up to 100 million dollars. The Luxembourg-based firm filed a request to sell an ... (Source: Raw Story 2010-08-09T15:39:05Z)

US Symantec completes Verisign's security unit acquisition

(M&A Navigator Via Acquire Media NewsEdge) US security software provider Symantec Corp (NASDAQ:SYMC) said yesterday it has bought the security business of Verisign (NASDAQ:VRSN) in a deal worth USD1.28bn ... (Source: TMCnet 2010-08-10T12:10:19Z)

VeriSign's Sale of Authentication Services Business to Symantec Closes

VeriSign, Inc. (NASDAQ: VRSN) announced today the completion of the sale of its Authentication Services business to Symantec Corp. (NASDAQ: SYMC) for approximately $1.28 billion in cash subject to adjustments related to ... (Source: msnbc.com 2010-08-09T14:34:40Z)

2010 Teen Choice Awards: Photo Gallery

Voters continued to really like "Twilight" stars Taylor Lautner and Robert Pattinson, who were present to accept their multiple awards, seemingly handed out like candy at the freewheeling ceremony. Of ... (Source: Cleveland Plain Dealer 2010-08-10T13:21:54Z)

Alibaba.com Refuses to Participate in Parent's Bid for Sohu Stake

Alibaba.com ( ALBCF ) is unwilling to take part in its parent Alibaba Group's bid to buy a stake in Sohu.com Inc's search engine unit. Alibaba Group and a fund founded by its chairman, Jack Ma, plan to buy a 16% stake in ... (Source: Daily Finance 2010-08-10T13:00:25Z)

No Major Damage After Big Earthquake Rattles Vanuatu

A magnitude 7.5 earthquake rattled the Pacific island nation of Vanuatu on Tuesday, causing a small tsunami but no reports of serious damage. Police in Vanuatu's capital of Port Vila said people were urged to ... (Source: Post Chronicle 2010-08-10T11:48:50Z)

Skype files for IPO in U.S.; no details on price, sale date

NEW YORK — Skype SA, the Internet calling service that was controlled until last year by eBay Inc., filed Monday for a U.S. initial public offering. Luxembourg-based Skype tentatively put the value of the ... (Source: New Haven Register 2010-08-10T11:05:53Z)

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