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, 12:40 pm

German Bund Yields Stay Near Record Low Before Bellwether Irish Debt Sale

German 10-year bond yields stayed near a record low before an auction of Irish securities that investors said will serve as a bellwether for demand for European government debt. Two-year yields were lower for ... (Source: Bloomberg 2010-08-17T07:15:41Z)

Yellowstone Club collapse pinned on founder, judge says Blixseth must repay most ...

BILLINGS, Mont. (AP) — A federal judge has pinned the financial collapse of the ultra-exclusive Yellowstone Club on its founder, Tim Blixseth, but says he doesn't have to repay all its debts. U.S. Bankruptcy ... (Source: Chicago Tribune 2010-08-17T18:57:11Z)

LATIN AMERICAN MARKETS: Chile's Peso At Seven-month High As GDP Rises 6.5%

Chile's currency climbed Wednesday, piercing through a key level for the first time in seven months after the country posted its fastest rate of economic expansion in five years. In afternoon trade, the peso traded at ... (Source: NASDAQ 2010-08-18T19:31:48Z)

Yen, Dollar Drop as Stock-Market Gains Reduce Demand for Safety

Aug. 17 (Bloomberg) -- The yen and the dollar fell against most major counterparts as advances in stock markets reduced demand for the currencies as havens from financial turmoil. Japan's currency also ... (Source: San Francisco Gate 2010-08-17T15:22:27Z)

Apple global supply manager pleads not guilty to bribery charges

Apple's global supply manager, Paul Shin Devin.e, who has been charged for taking as much as $1 million in kickbacks and bribes from Apple iPhone and iPod accessory suppliers, has pleaded not guilty in San Jose ... (Source: MobileBurn 2010-08-17T12:52:07Z)

Potash spurns BHP Billiton's offer

NEW YORK - Fertilizer producer Potash Corp. of Saskatchewan Inc. said Tuesday that it rejected an unsolicited takeover bid from BHP Billiton Ltd. worth about $38.49 billion as "grossly inadequate." The Potash ... (Source: AZCentral.com 2010-08-18T02:28:10Z)

New York Governor jumps into Ground Zero Mosque debate

NEW YORK, New York (AP) -- New York's governor appears to be preparing an offer to encourage a planned Islamic center to move farther away from the World Trade Center site. Last week, Gov. David Paterson ... (Source: WHIO.com 2010-08-18T11:03:33Z)

Bund Yields Rise From Near Record Low Before Irish Debt Sale

Aug. 17 (Bloomberg) -- German 10-year bond yields rose from near a record low before an auction of Irish securities that analysts said may show demand for European government debt is holding up. German bunds ... (Source: BusinessWeek 2010-08-17T08:12:57Z)

Andrew Cuomo Says 6 Settle On Hidden Online Shopping Fees

New York Attorney General Andrew Cuomo said six companies will pay $10.1 million of fines and restitution after hundreds of thousands of consumers were tricked into joining discount clubs that carried hidden ... (Source: Post Chronicle 2010-08-18T17:58:44Z)

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)

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)

No Meeting Set on Mosque Despite Offer From New York Governor

The developers behind a proposed Islamic cultural center near Ground Zero deny any talks with New York Gov. David Paterson about plans to move the location of the facility, even as Paterson's office says it ... (Source: FOX News 2010-08-18T18:05:54Z)

New York Voters Oppose Mosque Near Sept. 11 Site by 2-to-1, Survey Shows

New York voters oppose by more than two to one a plan to build a mosque and Islamic center near the site of the Sept. 11 attacks in lower Manhattan, according to a Siena College Research Institute survey ... (Source: Bloomberg 2010-08-18T18:20:13Z)

BHP bets on crop boom with hostile Potash bid

BHP Billiton's hostile $38.5 billion takeover offer for one of the world's biggest fertilizer producers, a bet that developing nations will drive a farming boom, could get the Australian iron ore miner ... (Source: Tacoma News Tribune 2010-08-18T11:53:40Z)

Potash Rejects BHP Billiton's $130 Bid As "Grossly Inadequate" (POT,BHP)

Aug 17, 2010 (SmarTrend News Watch via COMTEX) -- 8/17/2010-Potash Corporation (NYSE:POT) announced early Tuesday that it rejected an unsolicited takeover offer from mining giant BHP Billiton (NYSE:BHP). BHP ... (Source: TMCnet 2010-08-17T14:10:52Z)

UPDATE 1-Cuomo says 6 settle on hidden online shopping fees

NEW YORK, Aug 18 (Reuters) - New York Attorney General Andrew Cuomo said six companies will pay $10.1 million of fines and restitution after hundreds of thousands of consumers were tricked into joining ... (Source: Reuters 2010-08-18T18:20:13Z)

Ex-Apple manager pleads not guilty in kickbacks

SAN JOSE — A former Apple Inc. manager says he is not guilty of charges that he helped engineer a multimillion dollar kickback scheme involving suppliers of iPhone and iPod accessories. Paul Shin Devine entered the ... (Source: San Mateo Daily Journal 2010-08-18T11:03:33Z)

Apple Manager Arrested for Receiving Kickbacks from iPhone & iPod Deals!

An Apple manager was arrested on Friday for accepting kickbacks from the company. Global Supply manager, Paul Shin Devine, was responsible for Apple's contract manufacturing in Asia. According to the San ... (Source: Gather.com 2010-08-16T18:08:16Z)

DP World Profit Beats Estimates on Volume, Cost Cuts

(Updates with analyst's comment in seventh paragraph.) Aug. 18 (Bloomberg) -- DP World Ltd., the port operator owned by debt-laden Dubai World, reported a better-than-expected first-half profit on cost cuts ... (Source: BusinessWeek 2010-08-18T08:47:33Z)

Club collapse pinned on Blixseth

BILLINGS - A federal judge has pinned the financial collapse of Montana's ultra-exclusive Yellowstone Club on a series of fraudulent deals by founder Tim Blixseth, but says he doesn't have to repay all the resort's debts ... (Source: Montana Standard 2010-08-18T15:42:44Z)

DP World hits two-month 
high after first half results

DUBAI — Dubai's DP World hit a two-month closing high on Wednesday after the port operator posted higher-than-expected half-year results. Middle East markets remained in a sideways trading range, with few notable ... (Source: Khaleej Times 2010-08-18T19:03:10Z)

Townhall News Cuomo says 6 settle on hidden online shopping fees

NEW YORK (Reuters) - New York Attorney General Andrew Cuomo said six companies will pay $10.1 million of fines and restitution after hundreds of thousands of consumers were tricked into joining discount clubs ... (Source: Town Hall 2010-08-18T17:44:25Z)

Fertilizer maker Potash Corp. rejects BHP Billiton Ltd. buyout offer

ST. LOUIS -- A global race to snap up fertilizer companies accelerated Tuesday, when fertilizer producer Potash Corp. of Saskatchewan Inc. rejected a buyout offer worth $38.49 billion, calling it "grossly ... (Source: Cleveland Plain Dealer 2010-08-18T02:42:29Z)

Yellowstone Club Blixseth collapse pinned on founder

BILLINGS, Mont. — A federal judge has pinned the financial collapse of Montana's ultra-exclusive Yellowstone Club on a series of fraudulent deals by founder Tim Blixseth, but says he doesn't have to ... (Source: Desert Sun 2010-08-18T18:41:41Z)

Taliban prison found in Afghanistan, Coalition says

KABUL — NATO-led forces in Afghanistan said Wednesday they had uncovered a makeshift Taliban prison holding 27 Afghans in chains. The men were found Tuesday in a compound at Musa Qala in Helmand province during an ... (Source: msnbc.com 2010-08-18T18:27:22Z)

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)

NATO: 2 wounded Afghan gunmen pose as civilians

KABUL, Afghanistan (AP) - Two wounded Taliban fighters tried to pass themselves off as civilian casualties and sought medical attention from U.S. and Afghan troops after a battle in northern Afghanistan, NATO said ... (Source: WAFF 2010-08-17T23:07:44Z)

UN, NATO Considering Taliban's Offer To Study Afghan Casualties

Kabul, Afghanistan (AHN) - Just hours after Taliban offered to study Afghan civilian casualties with the United Nations and the NATO, the two bodies are carefully considering the proposal to establish a joint committee ... (Source: All Headline News 2010-08-18T00:33:38Z)

DP World First-Half Profit Beats Estimates as Container Volumes Increase

DP World Ltd. , the world's fourth- largest port operator, reported a better-than-expected first- half profit as the number of containers it handled grew 7 percent because of rebounding global trade. Net ... (Source: Bloomberg 2010-08-18T05:48:36Z)

Soquimich Rallies in Chile as Potash Says BHP Offer Undervalues Fertilizer

Soc. Quimica y Minera de Chile SA, Chile's biggest fertilizer producer known as Soquimich, rose the most in more than a year after Potash Corp. of Saskatchewan, a Soquimich shareholder, rejected an takeover ... (Source: Bloomberg 2010-08-17T14:25:11Z)

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