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 18, 2010, 10:41 am

Retired Briton to fight US extradition over Iran sale

Christopher Tappin, 63, faces three charges filed in El Paso, Texas, in relation to an alleged deal to ship specialized batteries for Hawk missiles to Tehran, his lawyers said. The U.S. Immigration and Customs Enforcement ... (Source: China Post 2010-08-18T05:12:48Z)

Emerson (EMR) Announces Sale of Motors and Appliance Controls Business to Nidec Corp.

Emerson (NYSE: EMR ) today announced that it has agreed to sell its Motors and Appliance Controls businesses to Nidec Corporation (Nidec). Over the past six months the company had undergone an evaluation of the potential ... (Source: StreetInsider.com 2010-08-18T11:03:33Z)

GM Said to Consider Sale of Preferred Stock Along With IPO

General Motors Co. may sell preferred stock alongside its initial public offering of common shares, according to a draft of its regulatory filing and two people briefed on the plan. GM would get proceeds from ... (Source: Bloomberg 2010-08-18T08:04:36Z)

Finding the Best Opportunities in Distressed Real Estate Investing at Golden Networking's Distressed ...

New York, NY, August 07, 2010 --(PR.com)-- Private-equity real estate funds have a record $104 billion of equity available for U.S. deals, London-based research firm Preqin Ltd. reported in June. Meanwhile ... (Source: Earthtimes 2010-08-07T18:40:25Z)

US Stocks Up; Energy Slide Checks Retailers' Gains

NEW YORK (Dow Jones)--U.S. stocks traded close to the flatline Wednesday as retailers gained, but major energy stocks slid after inventories unexpectedly rose. The major benchmark indexes were higher at midday ... (Source: Wall Street Journal 2010-08-18T16:47:09Z)

Former Attorney for the U.S. Department of Justice to Join Distressed Investing ...

PRLog (Press Release) – Aug 18, 2010 – David Hartheimer, President, Clearbid Capital, will present at Golden Networking's Distressed Investing Experts Forum 2010, "Analyzing and Valuing Distressed Companies ... (Source: PRLog (free press release) 2010-08-18T16:54:19Z)

US STOCKS-Wall St set to open higher, technical levels eyed

NEW YORK, Aug 18 (Reuters) - U.S. stocks index futures pointed to a slightly higher open on Wednesday as investors looked to build on a rally in the last session and push the S&P 500 above key technical levels ... (Source: Reuters 2010-08-18T12:58:05Z)

Most active New York Stock Exchange-traded stocks

NEW YORK - A look at New York Stock Exchange 10 most-active stocks at 1 p.m.: Bank of America Corp. rose 1.8 percent to $13.45 with 75,492,000 shares traded. Boston Scientific Corp. rose 2.8 percent to $5.96 ... (Source: CNBC 2010-08-18T17:15:47Z)

Kosmos Energy Reportedly Cancels $4 Billion Ghana Oil Field Deal With ExxonMobil

(RTTNews) - West African oil explorer Kosmos Energy LLC Wednesday reportedly has terminated a $4 billion deal to sell its stake in the Jubilee oilfield of Ghana to ExxonMobil Corp. (XOM: News ). Media reports indicate ... (Source: RTT News 2010-08-18T15:21:15Z)

Stocks rise on earnings strength, deals

U.S. stocks were climbing Tuesday after Wal-Mart (WMT) and Home Depot (HD) reported earnings that beat analysts' estimates and as merger activity surged. At 2:31 p.m., the Dow Jones Industrial Average ($INDU ... (Source: MSN Money 2010-08-18T11:17:52Z)

St. Cloud State considering cutting football, other sports

ST. CLOUD, Minn. — St. Cloud State University is considering cutting its football program and other sports as it deals with a budget shortfall. ST. CLOUD, Minn. — St. Cloud State University is considering cutting its ... (Source: Dickinson Press & Advertiser 2010-08-18T17:01:28Z)

Multi-vehicle accident closes Golden Gate bridge

San Francisco, California (CNN)-- All lanes on San Francisco's Golden Gate Bridge were closed Tuesday for about an hour as authorities responded to a multi-vehicle accident, according to Mary Currie with the ... (Source: CNN 2010-08-17T17:45:36Z)

Briton will fight US extradition over Iran sale

American authorities accuse him of plotting to sell missile components to Iran in a deal exposed in an undercover sting — but British retiree Christopher Tappin insisted Tuesday he is the innocent victim of entrapment ... (Source: AP - msnbc.com 2010-08-17T15:51:04Z)

RadiSys to Showcase SIPware Prepaid and Postpaid Calling Card Solution at Prepaid ...

BusinessWire - RadiSys(R) Corporation (NASDAQ:RSYS), a leading provider of innovative hardware and software platforms for next-generation IP-based wireless, wireline and video networks, today announced it will ... (Source: Forbes 2010-08-18T15:35:34Z)

Homefront(TM) for PC in Development at Digital Extremes

BusinessWire - THQ Inc. (NASDAQ:THQI) today announced that the Windows PC version of the hotly anticipated first-person-shooter Homefront,(TM) from Kaos Studios, is being developed by a dedicated team at ... (Source: Forbes 2010-08-18T13:12:24Z)

Nidec to Buy Emerson's Motor Operations

Japan's Nidec, the world's largest disk-drive motor maker, said on August 18 that it will buy the motor and appliance-controls business of U.S. technology giant Emerson. The companies did not disclose financial details ... (Source: Industry Week 2010-08-18T15:42:44Z)

US STOCKS-Wall St flat but consumer shares gain

NEW YORK, Aug 18 (Reuters) - U.S. stocks were little changed on Wednesday as energy shares weighed, while a reassuring same-store sales forecast from Target pushed consumer stocks higher. Target Corp ( TGT.N ... (Source: Reuters 2010-08-18T17:01:28Z)

Wal-Mart Profit Tops, But U.S. Sales Lag

Discount giant Wal-Mart NYSE:WMT topped Q2 profit views and raised guidance on Tuesday. But its same-store sales fell once again as deep price rollbacks weren't enough to drive heavy traffic amid high unemployment. Other ... (Source: Yahoo Finance 2010-08-17T23:14:53Z)

Kosmos Cancels Sale Of Ghana Oil Assets To Exxon

Kosmos Energy LLC said Wednesday it has called off the sale of its Ghana oil assets to Exxon Mobil Corp. ( XOM ), dealing a blow to the U.S. oil major's drive to tap a major new oil region in West Africa ... (Source: FOXBusiness 2010-08-18T15:28:25Z)

CDC Software Closes Two Seven Digit Deals in Third Quarter and Reports Increasing ...

SHANGHAI, China & ATLANTA, Aug 18, 2010 (BUSINESS WIRE) -- CDC Software Corporation (NASDAQ:CDCS) , a global provider of hybrid enterprise software solutions and services, today announced it has closed two ... (Source: Marketwatch 2010-08-18T14:23:59Z)

US Stocks Lower In Reaction To Developments On Deals, Earnings

NEW YORK--U.S. stocks slipped into the red as investors took a breather from Tuesday's strong rally, reacting tepidly to the last trickle of second-quarter earnings and developments on the deals front. The Dow ... (Source: Wall Street Journal 2010-08-18T15:35:34Z)

Golden Gate ferry discount fares could increase almost 32 percent

Passengers leave the Golden Gate ferry 'San Francisco docked at the ferry terminal on the Sausalito. The Golden Gate Ferry District plans to raise fares 20 to 30 percent. (IJ photo/Jeff Vendsel) Frequent ... (Source: San Jose Mercury News 2010-08-11T07:37:07Z)

St. Cloud State May Cut Football

ST. CLOUD, Minn. - St. Cloud State University is considering cutting its football program and other sports as it deals with a budget shortfall. The university is weighing three options: eliminating football ... (Source: FOX 9 News 2010-08-18T14:23:59Z)

Crossover accident on Golden Gate Bridge highlights barrier issue

The type of multiple-vehicle crash that snarled traffic in both directions on the Golden Gate Bridge Tuesday morning should be a thing of the past by the end of next year if plans for a moveable median barrier ... (Source: Marin Independent Journal 2010-08-17T16:48:20Z)

Finding the Best Opportunities in Distressed Real Estate Investing at Golden Networking's Distressed

Private-equity real estate funds have a record $104 billion of equity available for U.S. deals, London-based research firm Preqin Ltd. reported in June. Meanwhile, lenders are still engaged in the "extend and pretend ... (Source: PR-USA.net 2010-08-08T13:31:25Z)

British businessman will fight extradition to US over sale of batteries for missiles ...

LONDON – LONDON (AP) — A retired British businessman accused by the United States of selling batteries to Iran for use in surface-to-air missiles says he will fight attempts to extradite him to ... (Source: FOX News 2010-08-17T11:19:04Z)

Vanguard, Marsico Sell Visa as Stock Confronts 'Armageddon'

Aug. 18 (Bloomberg) -- Vanguard Group Inc. and Marsico Capital Management were the biggest sellers in the second quarter of Visa Inc., the world's largest payments network, as the stock posted its steepest ... (Source: BusinessWeek 2010-08-18T16:40:00Z)

St. Cloud State, part of Northern Sun, weighing athletic cuts

ST. CLOUD, Minn. (AP) — St. Cloud State University is considering cutting its football program and other sports as it deals with a budget shortfall. The university is weighing three options: eliminating football ... (Source: Aberdeen News 2010-08-18T15:57:03Z)

US energy firm abandons sale of Ghana stake to ExxonMobil

US-based Kosmos has abandoned a deal to sell its stake in Ghana's Jubilee oil field to ExxonMobil, it said on Wednesday, after the government in the West African nation objected to the agreement. "Kosmos ... (Source: Raw Story 2010-08-18T17:15:47Z)

Japan's Nidec inks deal to acquire motors and control business from Emerson Electric

Nidec Corp., which makes small precision motors, said Tuesday it has reached an agreement to buy the motors and controls business of Emerson Electric Co. Financial details of the asset and stock-purchase agreement were ... (Source: Washington Examiner 2010-08-18T10:49:14Z)

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