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Deals of the Hour / August 17, 2010, 1:39 am

Federal Judge Won't Approve SEC-Citi Deal: WSJ

SAN FRANCISCO -- A federal judge refused to approve the Securities and Exchange Commission's deal with Citigroup Inc. to settle allegations that the bank did not fully disclose its exposure to subprime ... (Source: FOXBusiness 2010-08-16T22:11:39Z)

Washington Nationals agree to $9.9 million deal with top pick Bryce Harper

WASHINGTON — Top overall draft pick Bryce Harper and the Washington Nationals reached an agreement on a $9.9 million, five-year contract seconds before the deadline of midnight EDT Monday night. A year ago ... (Source: Seattle Times 2010-08-17T05:35:28Z)

Around the horn

Expect a pitching duel between aces Justin Verlander and CC Sabathia. Angels: Agreed to terms with first-round draft pick Kaleb Cowart. The infielder from Cook County High in Adel, Ga., received a $2.3 million signing ... (Source: Washington Post 2010-08-17T08:12:57Z)

DEALTALK - Sanofi's best bet still may be smaller deals

PHILADELPHIA/BOSTON (Reuters) - Sanofi-Aventis has grabbed the headlines with its $18.4 billion bid for Genzyme Corp, but the French drugmaker may be wiser to stick with smaller, bolt-on acquisitions. Sanofi is trying to ... (Source: Reuters India 2010-08-04T11:41:38Z)

Biotechnology companies shares down at the close of trading

NEW YORK — Shares of some top biotechnology companies were down at the close of trading: Amgen fell $.94 or 1.7 percent, to $54.08. Biogen Idec fell $.09 or .2 percent, to $55.85. Celgene fell $.18 or .3 percent, to $ ... (Source: Washington Examiner 2010-08-16T23:08:55Z)

Aviva rejects $7.8 billion proposal from RSA for insurance units

LONDON - 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 ... (Source: Minneapolis Star Tribune 2010-08-17T01:24:55Z)

AgBank exercises greenshoe in $22 billion IPO: sources

SHANGHAI (Reuters) - Agricultural Bank of China (AgBank) has fully exercised an over-allotment option for the Shanghai portion of its initial public offering, taking the total proceeds from the offer to $22.1 ... (Source: MSN Money 2010-08-13T11:09:29Z)

Summary Box: Aviva rejects $7.8 billion RSA bid

THE MOVE: Insurer Aviva PLC confirmed it rejected a 5 billion pound ($7.8 billion) cash offer from rival RSA Insurance Group PLC for some of its general insurance businesses. It says the deal isn't in shareholders' best ... (Source: AP - msnbc.com 2010-08-16T22:18:48Z)

Rockies agree to terms with Clemson OF and QB Kyle Parker just before deadline

DENVER – The Colorado Rockies reached an agreement with Kyle Parker, their top draft pick, that will allow him to quarterback Clemson this fall before he hands off to baseball in the spring. The deal with ... (Source: FOX News 2010-08-17T06:04:06Z)

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)

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: Wall Street Journal 2010-08-16T22:25:58Z)

Clemson's Parker Signs Major League Deal

WYFF 4.com Clemson baseball star Kyle Parker has signed a major league deal. According to Baseball American executive editor Jim Callis, Parker signed with the Colorado Rockies late Monday night for $1.4 million. Parker ... (Source: msnbc.com 2010-08-17T06:39:53Z)

Final Glance: Biotechnology companies

NEW YORK - Shares of some top biotechnology companies were down at the close of trading: Amgen fell $.94 or 1.7 percent, to $54.08. Biogen Idec fell $.09 or .2 percent, to $55.85. Celgene fell $.18 or .3 ... (Source: CNBC 2010-08-16T22:04:29Z)

Medco agrees to acquire drug-tester United BioSource

Medco Health Solutions Inc., the largest pharmacy benefits manager by revenue in the U.S., said it agreed to buy closely held United BioSource Corp. for $730 million in an all-cash deal. The agreement is ... (Source: Asbury Park Press 2010-08-17T02:50:49Z)

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)

Jays sign top pick McGuire

The Blue Jays signed first-round draft pick Deck McGuire, agreeing to a minor league contract with a $2 million bonus. McGuire's deal was completed Monday at 11:59 p.m., while second-rounder Griffin Murphy ... (Source: Fresno Bee 2010-08-17T07:15:41Z)

Blue Jays sign 1st-round pick Deck McGuire, 3 other draft choices

TORONTO – The Blue Jays signed first-round draft pick Deck McGuire, agreeing to a minor league contract with a $2 million bonus. McGuire's deal was completed Monday at 11:59 p.m., while second-rounder Griffin Murphy ... (Source: FOX News 2010-08-17T06:54:12Z)

Jays sign top Draft pick McGuire

OAKLAND -- The Toronto Blue Jays signed right-hander Deck McGuire, the No. 11 overall pick out of Georgia Tech, to a deal right before the midnight ET deadline on Monday. Left-hander Griffin Murphy (2nd round ... (Source: Major League Baseball 2010-08-17T07:01:22Z)

RSA Open To Talks With Aviva On Offer - Update

(RTTNews) - RSA Insurance Group plc (RSA: News ,RSA.L: News ) Monday said it was open to discussions with British insurance provider Aviva Plc (AV: News ,AV.L: News ) regarding a possible transaction involving Aviva ... (Source: RTT News 2010-08-16T15:37:57Z)

Gay rights group targets Target over anti-gays political donation

WASHINGTON • After the breakdown of negotiations, the nation's leading gay rights organization said Monday that it would continue to protest Target Corp. over a donation used to support a Republican ... (Source: St. Louis Post-Dispatch 2010-08-17T04:59:40Z)

QB Parker agrees to Rockies deal, will play for Clemson

The Colorado Rockies have reached an agreement with Kyle Parker, their top draft pick, that will allow him to quarterback Clemson this fall before he hands off to baseball in the spring. The deal with Parker ... (Source: FOXSports.com 2010-08-17T05:42:37Z)

Washington Nationals reach 11th-hour deal with No. 1 overall draft pick Bryce Harper

WASHINGTON — Top overall draft pick Bryce Harper and the Washington Nationals reached an agreement on a $9.9 million, five-year contract shortly before the deadline of midnight EDT Monday night. A year ago ... (Source: Pioneer Press 2010-08-17T05:21:09Z)

Judge Won't Approve Citi-SEC Pact

A federal judge refused to approve the Securities and Exchange Commission's $75 million settlement with Citigroup Inc. over the bank's alleged failure to disclose nearly $40 billion in subprime securities. U.S ... (Source: Wall Street Journal 2010-08-17T07:15:41Z)

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)

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)

Nationals reach deal with No. 1 pick Harper

The Washington Nationals say they have reached an agreement with No. 1 overall draft pick Bryce Harper on a major-league contract. Clubs faced a deadline to come to terms before 12:01 a.m. today with players ... (Source: Akron Beacon Journal 2010-08-17T06:32:44Z)

United BioSource agrees to $730 million sale

United BioSource, a Bethesda drug and device research business, has agreed to be bought in a $730 million deal by Fortune 100 pharmacy benefits manager Medco Health Solutions, executives said Monday. Privately held ... (Source: Maryland Community Newspapers Online 2010-08-16T22:33:07Z)

Judge Rejects $75M SEC, Citigroup Deal

Law360, New York (August 16, 2010) -- A judge has reportedly refused to sign off on the U.S. Securities and Exchange Commission's $75 million settlement with Citigroup Inc. over the bank's alleged failure to fully ... (Source: site.law360.com 2010-08-17T00:27:39Z)

Target cautious; no donations planned for gay groups

MINNEAPOLIS - Target Corp. said Monday it won't give money to gay-friendly causes to quiet the uproar over a $150,000 donation that helped support a Minnesota gubernatorial candidate who opposes gay marriage ... (Source: Tulsa World 2010-08-17T07:30:00Z)

Human Rights Campaign: Target won't offer olive branch

MINNEAPOLIS — Target Corp. has decided against giving money to gay-friendly causes to quiet the uproar over a $150,000 donation that helped support a Minnesota governor candidate who opposes gay marriage, a ... (Source: Columbia Missourian 2010-08-16T22:33:07Z)

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