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 17, 2010, 10:40 am

Gem company bans diamonds from Zimbabwe

Johannesburg - A major gem trading group on Monday banned the sale of diamonds from Zimbabwe's Marange mines, saying the watchdog Kimberley Process could not guarantee they were not "blood diamonds". The US-based ... (Source: Independent Online 2010-08-16T23:30:23Z)

Medco to acquire United BioSource for $710M

Medco Health Solutions Inc., the largest pharmacy benefits manager by revenue in the United States, has agreed to buy closely held United BioSource Corp. for $730 million in an all-cash deal. Medco operates an automated ... (Source: Ibj.com 2010-08-16T13:57:44Z)

Orioles sign No. 3 overall pick Machado

BALTIMORE -- In a deal that came just three minutes shy of Monday's midnight deadline, the Orioles agreed to terms with third-overall pick Manny Machado, awarding the 17-year-old the second-largest signing ... (Source: Major League Baseball 2010-08-17T05:56:56Z)

ANZ Eyes Stake in KEB

Australia and New Zealand Banking Group has officially announced it is mulling a takeover of Korea Exchange Bank in the latest installment of the long-running saga of the bank's sale. According to Australian media ... (Source: Digital Chosunilbo 2010-08-17T03:48:05Z)

ANZ Considers KEB Deal

Australia & New Zealand Banking Group Ltd. said Monday it has started due diligence on a majority stake in Korea Exchange Bank worth $3.8 billion at current market values, in a move that could result in the ... (Source: Wall Street Journal 2010-08-16T10:44:27Z)

Cardinals sign first-round selection

The St. Louis Cardinals signed third baseman Zack Cox, their first-round draft pick, to a $3.2 million, four-year contract. Second-round pick Jordan Swagerty, a right-handed pitcher from Arizona State, also agreed to ... (Source: Peoria Journal Star 2010-08-17T17:02:39Z)

Orioles sign top-pick Machado

BALTIMORE - The Orioles are used to the last-minute negotiations and the tension of midnight barreling toward them with the potential of losing the rights to their No. 1 draft pick. For the third time in four ... (Source: Carroll County Online 2010-08-17T16:05:23Z)

Chicago suburb deals with deadly deer disease

A deadly deer disease is causing problems in Chicago's south suburbs where residents are finding dead or dying deer in their backyards and in nearby forest preserves. Officials with the Illinois Department of Natural ... (Source: AP - msnbc.com 2010-08-16T12:24:40Z)

Grotech Ventures Announces Sale of United BioSource to Medco Health

Grotech Ventures, a leading early investor in high-potential technology companies and one of the longest-established firms in the venture industry, announced today that Medco Health Solutions, Inc. has agreed to acquire ... (Source: msnbc.com 2010-08-17T13:56:33Z)

Cox, Eibner, Smyly Ink Deals

FAYETTEVILLE — Zack Cox, Brett Eibner and Drew Smyly all signed professional contracts on Monday, ending their respective careers at the University of Arkansas. Right-handed pitcher Ryne Stanek, an Arkansas ... (Source: Arkansas News Bureau 2010-08-17T05:42:37Z)

Cardinals come to terms with top two picks

ST. LOUIS -- The Cardinals held serve, and that's not a bad thing at all. St. Louis completed deals with its two top Draft picks in advance of Monday's 11 p.m. CT deadline, signing infielder Zack Cox and ... (Source: Major League Baseball 2010-08-17T05:56:56Z)

China bank IPO the world's largest first-time share sale

Agricultural Bank of China Ltd. boosted the size of its initial public offering to $22.1 billion after selling more stock in Shanghai, making it the world's largest first-time share sale. China's biggest ... (Source: Denver Post 2010-08-17T06:54:12Z)

Starbucks backs outlook even as bean prices spike

Starbucks Corp. is backing its profit guidance for next year even as it deals with higher coffee prices, saying it will be able to absorb the costs. The Seattle-based coffee chain said Tuesday that despite spikes in the ... (Source: AP - msnbc.com 2010-08-17T16:34:01Z)

Blackberry Torch On Sale, Shop Kick App

MYFOXNY.COM - Consumer headlines for Thursday, August 12. Text of Lisa Murphy's report for Good Day NY: TOURISM NUMBERS RECORD: The big apple is bringing in big numbers of tourists this summer. City officials ... (Source: myfoxny.com 2010-08-12T12:50:53Z)

Starbucks Affirms Its Forecast Despite Price Hike

Starbucks Corp. is backing its profit guidance for next year even as it deals with higher coffee prices, saying it will be able to absorb the costs. The Seattle-based coffee chain said Tuesday that despite spikes in the ... (Source: ABC News 2010-08-17T16:34:01Z)

Razorbacks get back to work after Saturday scrimmage

FAYETTEVILLE — A day of rest Sunday and facing a first-team Monday morning without three key cogs, and still the Arkansas Razorbacks' offense floundered much like in the second half of last Saturday's ... (Source: Baxter Bulletin 2010-08-17T10:21:48Z)

Medco Health Buying United BioSource for $730 Million

Medco Health Solutions Inc. (NYSE: MHS) has agreed to acquire United BioSource , a Bethesda, Md.-based scientific and medical affairs organization. The all-cash deal is valued at around $730 million. United BioSource has ... (Source: Private Equity Hub 2010-08-16T13:50:34Z)

Starbucks warns coffee commodity prices to climb but expects to be able to absorb ...

NEW YORK - Starbucks Corp. is backing its profit guidance for next year even as it deals with higher coffee prices, saying it will be able to absorb the costs. The Seattle-based coffee chain said Tuesday that ... (Source: Minneapolis Star Tribune 2010-08-17T16:34:01Z)

Royals Sign 2010 Draft Picks Brett Eibner and Jason Adam

Kansas City, Mo - infoZine - The Kansas City Royals announced that the club has signed 2010 second-round selection, centerfielder Brett Eibner, and fifth-round pick, right-handed pitcher Jason Adam. Consistent with club ... (Source: Kansas City infoZine 2010-08-17T14:53:49Z)

Deer dying in disease outbreak in south suburb

CRETE - Residents of the small far south suburban village are worried an outbreak of a deadly deer disease will wipe out the entire deer population. The Illinois Department of Natural Resources confirmed ... (Source: WGNtv.com 2010-08-17T04:09:34Z)

We're not ordering you around, but: Fortify, Shop(kick), search and check in

• HP is boosting security with the purchase of Fortify, the Palo Alto-based computer maker announced today. The San Mateo-based startup, which says it deals in software security assurance, was recently profiled in the ... (Source: Good Morning Silicon Valley (blog) 2010-08-17T16:26:52Z)

Crete deals with deadly deer disease

CRETE | South suburban residents are finding dead or dying deer in their backyards and in nearby forest preserves. More than 30 deer have been discovered to be dying from an insect-born virus known as EHD, or ... (Source: NWI.com 2010-08-17T04:59:40Z)

Ag Bank confirms world's largest IPO

The bank, China's main rural lender, sold an additional 3.34 billion shares at the IPO price of 2.68 yuan ($0.39) per share as part of the overallotment, as expected, according to a notice Monday on the Web site of the ... (Source: Today's Zaman 2010-08-17T12:59:17Z)

US-based Diamond Trading Network bans Zimbabwe's Marange stones

A leading diamond trading network has barred its members from dealing in stones from Zimbabwe's Marange fields, saying their certification by global regulators did not guarantee they were free from human rights abuses ... (Source: Mineweb 2010-08-17T16:48:20Z)

ANZ Bank Studies Korea Exchange Bank Books for Possible Acquisition

Australia & New Zealand Banking Group Ltd. said it is reviewing the finances of Korea Exchange Bank, the lender put up for sale by Lone Star funds, as it weighs expansion in Asia's fourth-largest economy. An ... (Source: Bloomberg 2010-08-16T20:52:55Z)

Agricultural Bank of China Sets IPO Record With $22.1 Billion Boosted Sale

Agricultural Bank of China Ltd. boosted the size of its initial public offering to $22.1 billion after selling more stock in Shanghai, making it the world's largest first-time share sale. China's biggest ... (Source: Bloomberg 2010-08-16T03:27:48Z)

Cox, Eibner, Smyly Sign Pro Contracts

FAYETTEVILLE - Zack Cox, Brett Eibner and Drew Smyly all signed professional contracts on Monday, ending their respective careers at the University of Arkansas. Right-handed pitcher Ryne Stanek, an Arkansas signee taken ... (Source: Southwest Times Record 2010-08-17T13:06:26Z)

Deadline dash: Usual flurry of 11th-hour deals

With the clock quickly approaching midnight, teams made a mad dash to sign their top talent taken in the 2010 Draft. Thirteen first-round picks remained unsigned with just a half-hour remaining before the ... (Source: Baltimore Orioles 2010-08-17T04:31:02Z)

Shopkick Releases iPhone App

Shopkick , a San Francisco startup with $20 million in venture backing from Kleiner Perkins Caufield & Byers and Greylock Partners, today introduced an iPhone app that allows users to earn rewards by visiting ... (Source: Xconomy 2010-08-17T15:51:04Z)

Major gem trading company bans Zimbabwe diamonds

JOHANNESBURG (AFP) – A major gem trading group Monday banned the sale of diamonds from Zimbabwe's Marange mines, saying the watchdog Kimberley Process could not guarantee they were not "blood diamonds". The ... (Source: YAHOO! 2010-08-16T15:23:38Z)

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