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, 11:39 am

UAW Halts Vote On GM Contract

INDIANAPOLIS (AP) -- The United Auto Workers union has decided not to go ahead with a vote on a new wage-cutting contract for a General Motors Co. stamping plant in Indianapolis that is facing sale. UAW Local 23 ... (Source: Industrial Distribution 2010-08-16T13:57:44Z)

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)

Dispute Over Courtney Love's Sale of Nirvana Catalog Resolved

A $1 million lawsuit over Kurt Cobain widow Courtney Love's earnings from her sale of Nirvana's publishing catalog, filed by a firm called London & Co. two years ago, has been settled out of court ... (Source: The Celebrity Cafe.com 2010-08-18T05:12:48Z)

Lone Star scraps $4 billion stake sale in KEB: report

SEOUL (Reuters) - U.S. private equity firm Lone Star has decided to scrap its plan to sell a majority stake in Korea Exchange Bank worth $4 billion at the current market price due to weak demand from potential ... (Source: Reuters 2010-08-18T09:16:11Z)

Emerson Sells Motors Business to Nidec

Emerson keeps hermetic motors/Copeland Scroll compressor business. Emerson will sell its motors and appliance controls businesses to Nidec Corporation , Kyoto, Japan. Nidec sources say it plans to retain existing ... (Source: Contracting Business 2010-08-18T13:55:21Z)

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)

Report: Lone Star Scraps KEB Stake Sale

(Reuters) - U.S. private equity firm Lone Star [LS.UL] has decided to scrap its plan to sell a majority stake in Korea Exchange Bank ( 004940.KS ) worth $4 billion at the current market price due to weak demand from ... (Source: Private Equity Hub 2010-08-18T09:37:40Z)

Households sale at Indiana U. Saturday to benefit charities

BLOOMINGTON, Ind. — Furniture and household items donated by Indiana University students will be sold this weekend to benefit charities. The items from students moving out of dorms, Greek houses and off ... (Source: Republic 2010-08-18T08:04:36Z)

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)

BUYINS.NET Updates Uranium Energy Corp SqueezeTrigger Report

NEWPORT BEACH, Calif., Aug. 18, 2010 (GLOBE NEWSWIRE) -- BUYINS.NET, http://www.buyins.net , a leading provider of Regulation SHO compliance monitoring, short sale trading statistics and market integrity surveillance ... (Source: msnbc.com 2010-08-18T13:41:02Z)

BUYINS.NET Updates China Tel Group SqueezeTrigger Report

NEWPORT BEACH, Calif., Aug. 18, 2010 (GLOBE NEWSWIRE) -- BUYINS.NET, http://www.buyins.net , a leading provider of Regulation SHO compliance monitoring, short sale trading statistics and market integrity surveillance ... (Source: Yahoo Finance 2010-08-18T12:43:46Z)

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)

Tracking the U.S. Bargain-Chasing Consumer

If you think it's a tough environment for the consumer, imagine being a CEO whose job depends on selling "stuff" to a beleaguered and thrifty consumer. As retail companies wrap up reporting for the ... (Source: Seekingalpha.com 2010-08-18T09:01:52Z)

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)

Goldman Sachs undercuts rivals in GM IPO as it loses top role

all Street banks led by JPMorgan Chase & Co. and Morgan Stanley stand to make a combined $120 million on General Motors Co.'s initial public offering. If it weren't for Goldman Sachs Group Inc., they could have made ... (Source: Daily Business Review 2010-08-18T14:23:59Z)

2nd UPDATE: 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. Closely-held ... (Source: NASDAQ 2010-08-18T14:52:37Z)

GM mulls "cornerstone" sales in IPO: sources

NEW YORK (Reuters) - General Motors Co is considering selling a chunk of the carmaker's stock to institutions who would commit to buy and hold major stakes as the company prepares for its initial public ... (Source: Reuters 2010-08-18T12:29:27Z)

Indiana U. households sale to benefit charities

BLOOMINGTON, Ind. (AP) - Furniture and household items donated by Indiana University students will be sold this weekend to benefit charities. The items from students moving out of dorms, Greek houses and off-campus ... (Source: Fox 28 2010-08-18T09:09:02Z)

Courtney Love, management firm settle lawsuit over sale of rights to Nirvana, Cobain ...

LOS ANGELES — Court records show a management firm and Courtney Love have settled a $1 million lawsuit over the profits of the sale of Nirvana's publishing catalog. Love is the widow of former Nirvana singer Kurt ... (Source: San Francisco Examiner 2010-08-18T10:06:17Z)

Terra, Citigroup Said to Plan Settlement Talks Before Trial

Aug. 18 (Bloomberg) -- Guy Hands's Terra Firma Capital Partners Ltd. and Citigroup Inc. plan settlement talks in September before a trial on the 2007 sale of music label EMI Group Ltd., two people with knowledge of the ... (Source: BusinessWeek 2010-08-18T16:32:50Z)

EMI slashes losses

LONDON (SHARECAST) - Big stars like Katy Perry have helped improve business at music company EMI over the past year and there is talk an end to the long-running legal dispute with Citigroup could be near. EMI was bought ... (Source: ShareCast 2010-08-18T14:31:09Z)

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)

Hands's Terra, Citigroup Said to Plan EMI Settlement Talks Ahead of Trial

Guy Hands 's Terra Firma Capital Partners Ltd. and Citigroup Inc. plan settlement talks in September before a trial on the 2007 sale of music label EMI Group Ltd., two people with knowledge of the matter ... (Source: Bloomberg 2010-08-18T16:54:19Z)

Some stores finding deep discounts aren't enough

10:10 P.M. — NEW YORK — A dollar for a 40-ounce bottle of ketchup? Yawn. Four bucks for a 12-pack of Coke? No sale. Even deep discounts on everyday items don't seem to be enough to get Walmart shoppers ... (Source: News-Press 2010-08-18T16:11:22Z)

BUYINS.NET Issues Synutra International SqueezeTrigger Report

NEWPORT BEACH, Calif., Aug. 18, 2010 (GLOBE NEWSWIRE) -- BUYINS.NET, http://www.buyins.net, a leading provider of Regulation SHO compliance monitoring, short sale trading statistics and market integrity surveillance, has ... (Source: msnbc.com 2010-08-18T12:43:46Z)

UAW Decides Not To Vote On Concessions Deal At GM Indianapolis Plant - Update

(RTTNews) - The United Auto Workers union or UAW has decided Sunday not to go ahead with a vote on a new wage-cutting contract for a General Motors Co. stamping plant in Indianapolis that is up for sale. The proposed ... (Source: RTT News 2010-08-16T04:32:13Z)

Courtney Love Settles Suit Over Nirvana Publishing Sale

Courtney Love has settled a $1 million (£666,600) lawsuit over profits from her late husband Kurt Cobain's Nirvana catalogue. Bosses at management firm London & Co. sued Love in 2008, claiming she had failed ... (Source: Post Chronicle 2010-08-18T12:36:37Z)

IU football's ticket sales up

BLOOMINGTON – Indiana has surpassed last year's football season ticket sales. And athletic director Fred Glass has his sights set on bigger numbers when he gets the program where he wants it to be. "I think we ... (Source: Fort Wayne Journal Gazette 2010-08-18T07:00:11Z)

TJX says 2nd-quarter profit climbs almost 17 percent as sales, customer traffic rise

Shoppers head into the TJ Maxx store in Barre, Vt., Monday, Aug. 16, 2010. TJX Cos. saTuesday, Aug. 17, its second-quarter net income rose more than 16 percent as sales climbed and more customers came to its stores to ... (Source: KFOR 2010-08-17T14:25:11Z)

UAW halts vote on giveback deal at Indianapolis GM plant

INDIANAPOLIS — The United Auto Workers union has decided not to go ahead with a vote on a new wage-cutting contract for a General Motors Co. stamping plant facing sale. UAW Local 23 bargaining chairman ... (Source: Courier-Journal 2010-08-16T11:13:05Z)

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