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 16, 2010, 4:40 pm

Medco buys United BioSource Corp.

Medco Health Solutions, a pharmacy benefits manager, says it will purchase life-sciences technology company United BioSource Corp. for $730 million in an all-cash deal. The transaction is expected to close sometime in ... (Source: ModernHealthcare.com 2010-08-16T15:23:38Z)

Idaho aviator reaches deal to temporarily block discharge under 'don't ask don't tell ...

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 from ... (Source: WGNtv.com 2010-08-16T23:01:45Z)

FTC Cracks Down on Marketers of Acai Berry Products: The Real Deal

The Federal Trade Commission has ordered the marketers of acai berry supplements and colon cleansers to stop an Internet sales scheme that allegedly scammed consumers out of $30 million through deceptive advertising and ... (Source: NewsChannel 9 WSYR 2010-08-16T23:01:45Z)

Medco expands research with $730M deal for technology developer United BioSource

NEW YORK, N.Y. - U.S. pharmacy benefits manager Medco Health Solutions Inc. said Monday it will buy United BioSource Corp., which develops technology used in clinical trials and patient monitoring, for US$730 million in ... (Source: Brandon Sun 2010-08-16T14:33:31Z)

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)

Aviator reaches deal to halt discharge — for now

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 from service. The ... (Source: AP - msnbc.com 2010-08-16T23:01:45Z)

Third Spacewalk To Replace Cooling Pump

Space station astronauts have one more big spacewalking chore before they can declare success. Astronauts Douglas Wheelock and Tracy Caldwell Dyson will tackle the last of their cooling-system repair work Monday morning ... (Source: WAAY-TV 2010-08-16T17:03:51Z)

FTC halts sales of deceptive acai supplements, colon-cleansers

Rhonda Wooten of Paxton, Ill., left, and Heather Boedecker of Cincinnati, Ohio, right, shared testimonials of their weight-loss acai supplement purchases at an Aug. 16 Federal Trade Commission press conference ... (Source: Chicago Tribune (blog) 2010-08-16T23:01:45Z)

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)

TECH STOCKS: Dell's 3Par Deal Leads Upbeat Day For Tech Stocks

Tech stocks managed to put in a mostly upbeat trading performance Monday as the sector advanced on a day highlighted by computing giant Dell Inc.'s latest acquisition. Dell (DELL) said it would pay $1.15 billion for 3Par ... (Source: NASDAQ 2010-08-16T20:52:55Z)

Medco expands research efforts with $730 million deal for research adviser United ...

NEW YORK (AP) — Pharmacy benefits manager Medco Health Solutions Inc. said Monday it will buy United BioSource Corp., which helps companies run studies of newly-approved drugs and medical devices, for $730 ... (Source: Los Angeles Times 2010-08-16T16:28:03Z)

Cedar Shopping Centers buys 7 properties for $200M

Retail property owner Cedar Shopping Centers Inc. said Monday its joint venture is buying seven shopping centers for $200 million from Pennsylvania Real Estate Investment Trust. The joint venture with Canadian RioCan ... (Source: AP - msnbc.com 2010-08-16T15:59:25Z)

Greenlight Capital Adds Microsoft, Apple Stakes

Greenlight Capital Inc., run by hedge fund manager David Einhorn, said Monday it has raised holdings in technology stocks such as Apple Inc. (AAPL) and Microsoft Corp. (MSFT) for the quarter ended June 30. According to ... (Source: NASDAQ 2010-08-16T23:16:04Z)

Space station astronauts spacewalk to make repairs

CAPE CANAVERAL, Fla. -- Space station astronauts are back outside again. They have one more spacewalking chore before they can declare success in their urgent repair work. Douglas Wheelock and Tracy Caldwell Dyson ... (Source: WRDW-TV 2010-08-16T17:25:19Z)

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)

Air Products gets FTC nod on Airgas assets

Air Products & Chemicals Inc. has reached an agreement with the staff of the Federal Trade Commission on assets it would sell if it succeeds in its hostile attempt to buy Airgas Inc., the Allentown company ... (Source: Philadelphia Daily News 2010-08-16T22:33:07Z)

Air Products says FTC OKs Airgas bid

* Air Products says signs consent decree with FTC for deal NEW YORK, (Reuters) - Air Products and Chemicals Inc said it has signed a consent degree with the U.S. Federal Trade Commission that would let it ... (Source: CNN Money 2010-08-16T14:26:22Z)

Vedanta faces $9.6 bln bill to control Cairn India

Edinburgh-based Cairn Energy, which holds 62.4 percent of Cairn India, said it would sell a stake of between 40 and 51 percent, using the proceeds to return "billions of dollars" to shareholders and invest in ... (Source: Today's Zaman 2010-08-16T23:08:55Z)

Aviva says RSA bid wasn't in shareholders' interests

LONDON (Bloomberg)—Aviva P.L.C., Britain's second-biggest insurer, said it rejected a £5 billion ($7.80 billion) bid for its general insurance businesses in the United Kingdom, Canada and Ireland because the deal wasn ... (Source: Business Insurance 2010-08-16T16:13:44Z)

RioCan in $134M deal to buy 5 U.S. retail centres

RioCan Real Estate Investment Trust (TSX: REI.UN ) says it will add at least five retail centres in Pennsylvania, Virginia and New Jersey to its portfolio in a deal valued at $134 million. Toronto-based RioCan is also in ... (Source: Toronto Star 2010-08-16T17:53:57Z)

RSA Bid Sheds Harsh Light On Aviva's Business Model

RSA Insurance's GBP5 billion bid for parts of U.K. insurer Aviva was highly opportunistic. But the approach seems to have crystallized a growing frustration among institutional investors about Aviva 's ... (Source: Wall Street Journal 2010-08-16T15:52:16Z)

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)

Hauppauge Digital Swings To 3Q Profit; Shares Jump

Hauppauge Digital Inc. ( HAUP ) swung to a fiscal third-quarter profit as the developer and manufacturer of TV tuner products for personal computers reported higher sales and lower costs. The stock jumped as ... (Source: FOXBusiness 2010-08-16T20:09:58Z)

Spacewalk under way

CAPE CANAVERAL, Fla. -- Space station astronauts are back outside again. They have one more spacewalking chore before they can declare success in their urgent repair work. Douglas Wheelock and Tracy Caldwell ... (Source: WKYC 2010-08-16T16:28:03Z)

Air Products Says FTC Deal Will Aid $5B Airgas Takeover

Law360, New York (August 16, 2010) -- Air Products and Chemicals Inc. said Monday it has reached a consent decree with the Federal Trade Commission that the company believes will allow it to complete its $5.3 billion ... (Source: site.law360.com 2010-08-16T20:09:58Z)

Deal means O-5 avoids discharge, for now - Air Force News, news from Iraq - Air Force ...

BOISE, Idaho — A Mountain Home Air Force Base airman has reached an agreement with the Air Force to temporarily block his discharge under "don't ask, don't tell." The Servicemembers Legal Defense ... (Source: Air Force Times 2010-08-16T21:57:20Z)

Cedar Shopping Centers' joint venture acquires 7 shopping centers for $200 million

PORT WASHINGTON, N.Y. — Retail property owner Cedar Shopping Centers Inc. said Monday its joint venture is buying seven shopping centers for $200 million from Pennsylvania Real Estate Investment Trust. The joint ... (Source: Washington Examiner 2010-08-16T16:13:44Z)

FTC Goes After Acai Berry Internet Marketers

The Federal Trade Commission (FTC) said today, a U.S. district court has ordered the marketers of acai berry supplements and other products to stop an Internet sales scheme that allegedly scammed people out of ... (Source: WebProNews 2010-08-16T18:51:13Z)

Top pick Bryce Harper faces midnight deadline

NEW YORK -- Top draft pick Bryce Harper and the Washington Nationals faced a midnight deadline to agree to a contract, putting agent Scott Boras in the spotlight once again as the final hours for a deal ... (Source: ESPN.com 2010-08-16T22:18:48Z)

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 2010-08-16T22:25:58Z)

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