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Deals of the Hour / August 16, 2010, 3:40 pm

Teen accused of burglarizing Milford school

MILFORD — Four youths and an 18-year-old from New Haven were arrested over the weekend in two separate incidents, including one during which a teenager is alleged to have forced entry into Joseph A. Foran ... (Source: New Haven Register 2010-08-16T22:18:48Z)

Aviva says RSA offer not in shareholder interest

Insurer Aviva PLC said Monday it rejected a 5 billion pound ($7.8 billion) cash offer from rival RSA Insurance Group PLC for some of its general insurance businesses because the deal wasn't in the best interest of ... (Source: AP - msnbc.com 2010-08-16T11:56:02Z)

Ford U.S. July sales up 3.1% to 170,411 vehicles

SAN FRANCISCO (MarketWatch) -- Ford Motor Co. (NYSE:F) said Tuesday that total U.S. sales rose 3.1% to 170,411 in July from 165,279 units in the year-earlier period. Sales of trucks outpaced other types of ... (Source: Marketwatch 2010-08-03T16:07:41Z)

SafeLink Wireless(R) Raises Lifeline Offering - Up to 250 Minutes of Free Talk Time ...

AUGUSTA, Maine, Aug 16, 2010 /PRNewswire via COMTEX/ -- America's number one prepaid cell phone provider, TracFone Wireless, Inc., announced that its federal Lifeline offering, SafeLink, will now offer ... (Source: TMCnet 2010-08-16T20:31:26Z)

Lycos to be acquired by India's Ybrant Digital

(08-16) 09:06 PDT -- Ybrant Digital , a digital marketing company in India, said on Monday that it has signed a stock purchase agreement to acquire Lycos from Daum Communications of South Korea for US$36 ... (Source: San Francisco Gate 2010-08-16T20:38:36Z)

Nationals pitcher Stephen Strasburg has strong words for top draft pick Bryce Harper

Washington Nationals pitcher Stephen Strasburg says he has no advice to offer the team's top draft pick, catcher Bryce Harper, who has until midnight Monday to come to a deal with the team. But after Sunday's ... (Source: Los Angeles Times 2010-08-16T19:12:42Z)

Australia's Liberty Price Guidance On Top Tranche Of RMBS Offer At Swap +100 Bps - Sources

SYDNEY -(Dow Jones)- Australian lender Liberty Financial set price guidance on the top tranche of its recently launched offering of A$200 million in residential mortgage-backed securities at 100 basis points over swap ... (Source: NASDAQ 2010-08-05T01:39:09Z)

Vedanta Said to Seek Controlling Stake in Cairn India

(Updates with analyst's comment in fourth paragraph.) Aug. 16 (Bloomberg) -- Billionaire Anil Agarwal's Vedanta Resources Plc is near an agreement to take control of Cairn Energy Plc's Indian oil unit in ... (Source: BusinessWeek 2010-08-16T05:00:51Z)

Nationals, CSN's Bryce Harper hit deadline day

WASHINGTON (AP) The Washington Nationals and No. 1 overall draft pick Bryce Harper faced a deadline to get a deal done Monday. Major League Baseball clubs had until midnight as Monday turned to Tuesday to reach ... (Source: msnbc.com 2010-08-16T20:45:45Z)

Commonwealth Bank Profit Rises 28%, Margin Narrows

(Updates with comment on outlook in second paragraph.) Aug. 11 (Bloomberg) -- Commonwealth Bank of Australia, the country's biggest bank, said second-half profit rose 28 percent as customers repaid more ... (Source: BusinessWeek 2010-08-11T04:02:22Z)

SafeLink Wireless® Raises Lifeline Offering - Up to 250 Minutes of Free Talk Time ...

MIAMI , Aug. 16 /PRNewswire/ -- America's number one prepaid cell phone provider, TracFone Wireless, Inc., announced that its federal Lifeline offering, SafeLink, will now offer participants of the program ... (Source: Columbus Dispatch 2010-08-16T17:53:57Z)

Pakistan Warns of Fresh Floods as UN's Ban Calls Disaster Heart-Wrenching

Ban Ki-moon said the devastation was the worst he had ever seen and promised more emergency funding for relief operations. Photographer: Chris Ratcliffe/Bloomberg Pakistan warned today of a fresh flood wave ... (Source: Bloomberg 2010-08-16T07:59:49Z)

Higher GM and Ford sales point to steady recovery

DETROIT (Reuters) - Auto sales rose 5 percent in July in an uneven recovery that left Toyota Motor Co (Tokyo:7203.T - News ) and Honda Motor Co (Tokyo:7267.T - News ) sputtering with declines from strong results a year ... (Source: Yahoo Finance 2010-08-03T22:34:14Z)

Air Force Agrees to Halt Idaho Airman's Discharge

BOISE, Idaho (AP) -- An Idaho aviator has reached an agreement with the U.S. Air Force to temporarily block his discharge under the "don't ask, don't tell" law that bars openly gay and lesbian military members ... (Source: KPVI Newschannel 6 2010-08-16T21:35:51Z)

Bike Night a big hit

Ron Gower/TIMES NEWS David and Darlene Shelly of Coopersburg sit on a custom radical trike, which was constructed by David. The vehicle, consisting of an F350 truck bed body and a 350 Chevy engine, was ... (Source: Times News 2010-08-16T22:11:39Z)

Bryce Harper: How Stephen Strasburg's Words Could Help or Hurt a Deal

Monday at midnight is Major League Baseball's deadline to sign draft picks selected in June's amateur draft. While nearly all highly drafted players have signed their deals, one very notable player remains unsigned ... (Source: Bleacherreport.com 2010-08-16T21:14:23Z)

Australian Market Trades Notably Lower

(RTTNews) - The Australian stock market is trading notably lower on Monday with investors tracking Wall Street's negative close on Friday and indulging in some heavy selling at several front line counters. Financial ... (Source: RTT News 2010-08-16T02:01:54Z)

Cairn, Vedanta Confirm Talks Over Cairn India Stake

LONDON -(Dow Jones)- Cairn Energy PLC (CNE.LN) is in talks with Vedanta Resources PLC (VED.LN) over the sale of part of its 62% stake in Cairn India Ltd. (532792.BY), the companies said Thursday. Discussions ... (Source: FOXBusiness 2010-08-12T11:46:28Z)

Free armored car? Ripon police get great deal on much-needed vehicle

RIPON, CA - The Ripon Police Department certainly knows how to get a good deal when car shopping. Ripon police this week picked up an armored car -- for free. That vehicle, which can be used in SWAT situations or in ... (Source: KXTV News10Net 2010-08-14T01:28:29Z)

Chrysler posts quarterly loss as sales lag

DETROIT (Reuters) - Chrysler Group LLC reported a quarterly net loss on Monday, underscoring the pressure on the smallest U.S. automaker from a slack economy and an aging product line-up. The automaker, which plans an ... (Source: Yahoo Finance 2010-08-09T19:06:41Z)

Lycos Sold to Ybrant Digital for $36 Million

On Monday, India's Ybrant Digital said it had agreed to buy one of the Web's superstars of yesteryear, Lycos, for $36 million in stock. Lycos, which claims it is profitable, said it attracts between 12 million and 15 ... (Source: PC Magazine 2010-08-16T20:02:48Z)

Aviator reaches deal to halt discharge _ for now

BOISE, Idaho — An Idaho aviator has reached an agreement with the U.S. Air Force to temporarily block his discharge under the "don't ask, don't tell" law that bars openly gay and lesbian military members ... (Source: Idaho Statesman 2010-08-16T21:21:33Z)

UN's Ban to Visit Pakistan Flood Zone to Assess Relief Need

Aug. 13 (Bloomberg) -- United Nations Secretary General Ban Ki-moon arrives in Pakistan tomorrow to gauge the needs of 14 million people displaced by the country's worst ever floods as the economic cost of ... (Source: BusinessWeek 2010-08-13T11:45:17Z)

Daum sold Lycos to Ybrant Digital in a $36 Million Deal

Bangalore: Lycos, a search engine and web portal established in 1994 has a new owner. India-based digital marketing solutions company Ybrant Digital has purchased Lycos from the Korean Internet company Daum for a ... (Source: Silicon India 2010-08-16T12:10:21Z)

SafeLink Wireless® Raises Lifeline Offering - Up To 250 Minutes Of Free Talk Time ...

The new choices made possible by TracFone give low-income families up to 250 minutes of free monthly talk time and additional, flexible plan options give families the freedom to choose which plan is best ... (Source: Street.Com 2010-08-16T17:39:38Z)

Aviva Confirms Received, Rejected RSA Offer For Unit

LONDON-(Dow Jones)- LONDON(Dow Jones)--Aviva PLC (AV.LN), an insurer, Monday confirmed on July 28 it received a conditional proposal from RSA Insurance Group PLC (RSA.LN) to acquire Aviva's general insurance ... (Source: FOXBusiness 2010-08-16T07:02:33Z)

Vedanta to Buy Cairn India Stake in $9.6 Billion Deal

Vedanta Resources said Monday that it would buy from Cairn Energy a stake in its Indian subsidiary for up to $9.6 billion in cash, acquiring with the deal Cairn's huge Rajasthan oil field with plans to ... (Source: New York Times Blogs 2010-08-16T14:26:22Z)

Air Force Tentatively Agrees Not To Discharge Victor Fehrenbach

The U.S. Air Force has agreed not to discharge Lt. Col. Victor Fehrenbach under "Don't Ask, Don't Tell" while a pending lawsuit is heard. The 40-year-old officer asked a federal court in Idaho last week to ... (Source: On Top Magazine 2010-08-16T22:11:39Z)

UN's Ban Says Pakistan Floods Are Worst Disaster He's Ever Seen

Aug. 16 (Bloomberg) -- United Nations Secretary-General Ban Ki-moon said devastation caused by unprecedented flooding in Pakistan was among the worst he had ever seen, as he promised more relief funds for ... (Source: BusinessWeek 2010-08-16T03:34:57Z)

RSA Confirms, Defends Its Offer For Aviva Units

LONDON -(Dow Jones)- RSA Insurance Group PLC (RSA.LN) Monday confirmed that it had made a GBP5 billion proposal to buy the U.K., Canadian and Irish general insurance businesses of Aviva PLC (AV.LN), and argued ... (Source: FOXBusiness 2010-08-16T12:53:18Z)

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