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, 9:40 am

Regulatory issues could delay Vedanta-Cairn deal

NEW DELHI (Reuters) - Regulatory hurdles could delay Vedanta Resources' ( VED.L ) purchase of a stake of up to $9.6 billion in Cairn India ( CAIL.BO ), but the buyer and analysts see them as unlikely to derail ... (Source: Reuters 2010-08-17T09:31:41Z)

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)

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 acquire Airgas ... (Source: CNN Money 2010-08-16T14:26:22Z)

REFILE-UPDATE 2-Vedanta sees no deal hurdles in Cairn deal

NEW DELHI, Aug 17 (Reuters) - Vedanta Resources <VED.L> sees no regulatory hurdles to its purchase of a stake of up to $9.6 billion in Cairn India, as Cairn Energy's <CNE.L> chairman headed to New Delhi on ... (Source: FOXBusiness 2010-08-17T06:32:44Z)

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)

Interest rates head lower at weekly Treasury auction

Interest rates on short-term Treasury bills fell in Monday's auction to their lowest since late June. The Treasury Department auctioned $30 billion in three-month bills at a discount rate of 0.150 percent ... (Source: Tulsa World 2010-08-10T10:37:15Z)

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)

Foxwoods inks naming rights deal for Broadway theater

T he Hilton Theatre on Broadway's historic 42nd Street in New York's Times Square has been renamed the Foxwoods Theatre. Foxwoods Resort Casino and Live Nation have reached a multi-year agreement that ... (Source: Boston Herald 2010-08-09T18:59:31Z)

Aviator reaches deal to halt discharge -- for now

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: WLOS.com 2010-08-16T23:08:55Z)

Now on Deck: Blue Jays land first-rounder McGuire, three other tough signs

TORONTO - The Toronto Blue Jays landed first-round pick Deck McGuire and three other top selections late Monday night, sneaking the deals through in a mad scramble just ahead of the midnight deadline for ... (Source: Canada East 2010-08-17T14:18:01Z)

UPDATE 1-Novartis inches towards closure of Alcon deal

ZUG, Switzerland (Reuters) - Swiss drugmaker Novartis AG ( NOVN.VX ) moved another step closer to securing its buyout of Alcon ( ACL.N ) after shareholders of the U.S. eyecare group voted Novartis-nominated ... (Source: Reuters 2010-08-16T11:34:34Z)

Aviator reaches deal to halt discharge _ for now

BOISE, Idaho (AP) - An Idaho aviator has reached an agreement with the U.S. Air Force to temporarily block his dischargeunder the "don't ask, don't tell" law that bars openly gay and lesbian military members from service ... (Source: msnbc.com 2010-08-16T23:51:52Z)

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)

Air Products Announces Consent Decree to Acquire Airgas

The Consent Decree would permit Air Products to acquire Airgas subject to the divestiture of certain assets and would also permit, for a period of time, the closing of the acquisition prior to completion of the ... (Source: Azom.com 2010-08-17T10:50:26Z)

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)

NYC walkers: Look out for male drivers

When you think of taxis, you might think of a scary ride in the back of some big yellow car. But a new analysis of major crashes in New York City -- those between cars and pedestrians -- reveals a different ... (Source: Marketplace.publicradio.org 2010-08-17T10:43:16Z)

Buck-Wak reunion didn't go as planned

BALTIMORE – It was supposed to be a reunion of mentor and protégé, but bad baseball and a worse record spoiled the meeting of two old friends. Just like last year, the Washington Nationals and agent Scott ... (Source: Tacoma News Tribune 2010-08-17T10:21:48Z)

Rays ink top pick Sale, add Vettleson as well

The comeback win over Cliff Lee and the Texas Rangers was not the only bit of good news for the Tampa Bay Rays late Monday night, as the team reached agreements with top draft pick Josh Sale and supplemental ... (Source: Central Florida News 13 2010-08-17T15:36:46Z)

China Puts Conditions on Novartis's Alcon Acquisition

BEIJING -(Dow Jones)- China's Ministry of Commerce approved Novartis AG's (NVS) acquisition of Alcon Inc. (ACL), but attached conditions to the deal in the China market, it said in a statement dated Friday ... (Source: Smart Money 2010-08-16T10:22:59Z)

No. 1 pick Bryce Harper signs record deal with Washington Nationals

WASHINGTON — Agreeing to a $9.9 million, five-year deal with No. 1 draft choice Bryce Harper seconds before the deadline was such a big deal, Washington Nationals president Stan Kasten marked the occasion by ... (Source: Chicago Sun-Times 2010-08-17T15:00:58Z)

Interest rates drop at Treasury auction

WASHINGTON — Interest rates on short-term Treasury bills fell in Monday's auction to the lowest levels since late June. The Treasury Department auctioned $30 billion in three-month bills at a discount rate ... (Source: Pioneer Press 2010-08-10T05:00:49Z)

Rates on three-month and six-month Treasury bills fall to lowest level since late June

WASHINGTON (AP) — Interest rates on short-term Treasury bills fell in Monday's auction to the lowest levels since late June. The Treasury Department auctioned $30 billion in three-month bills at a discount ... (Source: Orlando Sentinel 2010-08-09T19:06:41Z)

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)

Bryce Harper Signs With Washington Nationals In A Record Deal

Nationals fans can finally feel relieved. Bryce Harper, the 17-year-old baseball prodigy, has agreed to terms with the Washington Nationals. Harper, who was the first overall pick in June, agreed to a contract ... (Source: Gather.com 2010-08-17T13:27:55Z)

Rays working to sign two first-round picks

ST. PETERSBURG -- The Rays' two unsigned first-round picks still had not officially agreed to deals with the club as of Sunday afternoon, but according to their Facebook pages, Josh Sale and Drew Vettleson are ... (Source: Major League Baseball 2010-08-15T16:36:24Z)

Rays agree to deal with 1st-round pick Sale

(AP) — ST. PETERSBURG, Fla. - The Tampa Bay Rays have agreed to a contract with first-round draft pick Josh Sale. Rays executive vice president of baseball operations Andrew Friedman made the announcement at 2:20 a.m ... (Source: Oregonian 2010-08-17T06:32:44Z)

Vedanta Said to Seek Controlling Stake in Cairn Energy's Indian Subsidiary

Cairn India is 62 percent held by Edinburgh-based Cairn Energy and valued at about $14 billion. Photographer: Scott Eells/Bloomberg Vedanta is in advanced talks to acquire more than 50 percent of Cairn India ... (Source: Bloomberg 2010-08-13T18:26:09Z)

Live Nation signs deal to rename Broadway's former Hilton Theatre as Foxwoods Theatre

NEW YORK (AP) — Concert promoter and ticket-seller Live Nation Entertainment Inc. has granted Foxwoods Resort Casino exclusive rights to rename the former Hilton Theatre on Broadway in New York City's Times ... (Source: Chicago Tribune 2010-08-09T17:04:59Z)

China Attaches Conditions To Novartis' Acquisition Of Alcon

BEIJING -(Dow Jones)- China's Ministry of Commerce approved Novartis AG's ( NVS ) acquisition of Alcon Inc. ( ACL ), but attached conditions to the deal in the China market, it said in a statement dated Friday ... (Source: FOXBusiness 2010-08-16T09:54:21Z)

Air Products moves closer to takeover of rival Airgas Inc.

U. MACUNGIE TWP. | Air Products said Monday it has gained regulatory support that moves it closer to a takeover of Airgas Inc., a deal its rival company still strongly opposes. Air Products and Chemicals Inc. has also ... (Source: LehighValleyLive.com 2010-08-17T04:45:21Z)

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