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, 1:40 pm

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)

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)

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)

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)

Kosmos Drops $4 Billion Sale of Ghana Assets to Exxon Mobil on Opposition

Kosmos Energy LLC, the U.S.-based oil explorer focusing on West Africa, ended its plans for a $4 billion sale of fields in Ghana to Exxon Mobil Corp. after government opposition to the deal. The company will ... (Source: Bloomberg 2010-08-18T14:45:28Z)

Government needed in market mortgages

WASHINGTON — The call from business for less government has a notable exception: the mortgage market. The Obama administration invited banking executives Tuesday to offer advice on changing the government's ... (Source: The Daily Advertiser 2010-08-18T17:15:47Z)

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)

PotashCorp. (POT) Surges After Rejecting BHP's $130/Share Takeover Offer

Potash Corp. of Saskatchewan Inc. (NYSE: POT ) said Tuesday that it has rejected an unsolicited offer from BHP Billiton Ltd. (NYSE: BHP ) valued at $38.49 billion, saying that it undervalues the fertilizer company. The ... (Source: StreetInsider.com 2010-08-17T12:02:01Z)

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)

CT firm settles Web marketing complaints in NY

NEW YORK— A marketing company has agreed to pay $8 million to settle allegations that it tricked Internet shoppers into signing up for discount clubs with hidden fees. New York Attorney General Andrew Cuomo ... (Source: Boston Globe 2010-08-18T20:14:45Z)

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)

NATO: Wounded Taliban gunmen pose as civilians - Army News | News from Afghanistan ...

KABUL, Afghanistan — 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 ... (Source: Army Times 2010-08-17T16:55:30Z)

Verizon FiOS TV for iPad fuels talk of Apple deals

Verizon provided a surprise to subscribers by previewing an iPad app for FiOS TV . The initial app will provide live, streaming TV to existing FiOS TV subscribers using the same technology that underpins the fiber optic ... (Source: Electronista 2010-08-18T17:44:25Z)

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)

Verizon to Put Live TV on the iPad

Verizon unveiled a series of new video applications today, including an upcoming iPad app that will allow FiOS subscribers to watch the same linear programming that is available on their TV screens on their ... (Source: Newteevee.com 2010-08-18T19:31:48Z)

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)

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)

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)

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)

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)

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)

Mortgage giant says feds should back mortgages

WASHINGTON (AP) — The call from business for less government has a notable exception: the mortgage market. The Obama administration invited banking executives Tuesday to offer advice on changing the government's role ... (Source: Palestine Herald-Press 2010-08-18T20:21:54Z)

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)

Verizon Sets Live TV iPad App For FiOS

Verizon FIOS TV subscribers will get to play with several new multi-platform video applications over the next year, including a iPad app that will allow subscribers to stream live cable network feeds to the Apple tablets ... (Source: Multichannel Online 2010-08-18T20:00:26Z)

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)

Banking executives no fans of Fannie, Freddie

WASHINGTON -- The call from business for less government has a notable exception: the mortgage market. The Obama administration invited banking executives Tuesday to offer advice on changing the government's ... (Source: Reno Gazette 2010-08-18T16:40:00Z)

Afghan Protesters Allege Civilian Deaths in NATO Raid

Hundreds of Afghan demonstrators blocked a main highway in the eastern part of the country Wednesday to protest the alleged killing of two civilians by NATO forces. Officials in Nangarhar province say coalition troops ... (Source: Global Security 2010-08-18T19:53:16Z)

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)

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)

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)

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