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, 4:40 am

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)

Makeshift Taliban prison found in southern Afghanistan

27 Afghan men appear to be tortured 13 insurgents were killed in fighting The compound's location is Helmand province Kabul, Afghanistan (CNN) -- Security forces in southern Afghanistan found 27 shackled ... (Source: CNN 2010-08-18T11:03:33Z)

Gay rights group: Target won't offer olive branch

By STEVE KARNOWSKI Associated Press Writer MINNEAPOLIS (AP) - Target Corp. has decided against giving money to gay-friendly causes to quiet the uproar over a $150,000 donation that helped support a Minnesota governor ... (Source: msnbc.com 2010-08-16T22:18:48Z)

Reynolds Group puts up $4.4B for Hefty bag maker

NEW YORK — Reynolds Group, part of the global packaging business owned by New Zealand's richest man, said Tuesday it will pay about $4.4 billion for Hefty bag maker Pactiv. Including debt, the acquisition is valued ... (Source: San Mateo Daily Journal 2010-08-18T11:03:33Z)

BHP Billiton Makes Hostile Bid for Potash

BHP Billiton , the world's largest mining company, said Wednesday that it would take its nearly $40 billion cash offer for the Potash Corporation of Saskatchewan directly to the shareholders, a day after the Canadian ... (Source: New York Times Blogs 2010-08-18T08:18:55Z)

BHP Billiton in hostile takeover bid for Canada's Potash after board rejects offer

SYDNEY — Miner BHP Billiton has launched a hostile $38.5 billion all-cash takeover for Potash Corp. of Saskatchewan after the Canadian company's board rejected the miner's offer as "grossly inadequate." BHP says ... (Source: Washington Examiner 2010-08-18T09:37:40Z)

Pactiv sale in the bag

Pactiv Corp., the Lake Forest-based maker of Hefty bags, will be acquired by Chicago-based global packaging company Reynolds Group Holdings Ltd. in a $6 billion cash and debt deal, the companies announced ... (Source: Chicago Sun-Times 2010-08-18T08:54:43Z)

Navy: Captain fired for inappropriate behavior

SAN DIEGO (AP) - The Navy has fired the commander of a San Diego-based ship for inappropriate behavior considered unduly familiar toward crew members, a spokesman said Monday. The Navy said it was investigating but would ... (Source: msnbc.com 2010-08-17T23:22:03Z)

Reynolds hoping to wrap up Hefty deal

It's the latest and and biggest in a string of acquisitions by Reynolds' parent company, Rank Group Ltd. Pactiv had revenues last year of nearly $3.4 billion, and, apart from consumer products such as trash ... (Source: Southtown Star 2010-08-18T09:09:02Z)

Navy: Captain fired for unduly familiar behavior toward crew on ship helping Pakistan

SAN DIEGO (AP) — The Navy says it has fired the commander of a San Diego-based ship for inappropriate behavior considered "unduly familiar" toward crew members. The Navy would not elaborate on the allegation against ... (Source: WTVR-TV 2010-08-16T19:34:10Z)

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)

Gay rights group: Target won't offer olive branch

MINNEAPOLIS — Target Corp. has decided against giving money to gay-friendly causes to quiet the uproar over a $150,000 donation that helped support a Minnesota governor candidate who opposes gay marriage, a national ... (Source: Dallas Voice 2010-08-17T22:03:18Z)

Examiner says Tribune Co. executives pushed through bad deal

By issuing a set of rosy financial projections and misusing the imprimatur of one of the company's investment banks, former and current Tribune Co. executives pushed through a deal that left the Chicago-based ... (Source: Los Angeles Times 2010-08-04T20:52:49Z)

Apple Manager Arrested For Fraud, Kickbacks Pleads Not Guilty

SAN JOSE, Calif. — 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 ... (Source: Huffingtonpost.com 2010-08-17T21:27:31Z)

Pakistan Flooding Continues Amongst Insurgent-Police Clashes

PESHAWAR, Pakistan — Islamist militants attacked police posts in Pakistan's northwest and killed two civilians active in an anti-Taliban militia, challenging a security establishment straining under a ... (Source: WBUR 2010-08-18T09:30:30Z)

Colo. man wants another try at capturing bin Laden

DENVER (AP) — The Colorado man detained in Pakistan while trying to track down Osama bin Laden says he wants to try again. Gary Faulkner said Tuesday it could be weeks or months before he makes another trip and still ... (Source: The Guardian 2010-08-18T00:47:57Z)

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)

Colorado man who went to Pakistan to capture Osama bin Laden says he wants to try ...

DENVER - The Colorado man detained in Pakistan while trying to track down Osama bin Laden says he wants to try again. Gary Faulkner said Tuesday it could be weeks or months before he makes another trip and ... (Source: Minneapolis Star Tribune 2010-08-17T22:39:06Z)

Examiner says Tribune pushed through bad deal

C HICAGO — By issuing a set of rosy financial projections and misusing the imprimatur of one of the company's investment banks, former and current Tribune Co. executives pushed through a deal that left the Chicago ... (Source: Boston Herald 2010-08-04T07:31:06Z)

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)

Mortgage market needs help

WASHINGTON — The Obama administration invited banking executives Tuesday to offer advice on changing the government's role in the mortgage market. Their response: stay big. While the executives disagreed ... (Source: Times-Leader 2010-08-18T05:12:48Z)

Taliban Attacks Afghan Official's Home Killing Him and His Wife

KABUL, Afghanistan (AP) -- Taliban attacks and NATO raids are being reported in southern Afghanistan. Afghan authorities say insurgents broke into the home of an official in Zabul province, killing him and his wife. It's ... (Source: WLTX.com 2010-08-18T11:10:43Z)

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 2010-08-18T08:40:24Z)

Navy captain fired

SAN DIEGO -- The Navy fired the commander of a San Diego-based ship for inappropriate behavior considered unduly familiar toward crew members, a spokesman said Monday. The Navy said it was investigating Capt. David ... (Source: Everett Herald 2010-08-17T13:56:33Z)

Tribune sale pushed through on shaky financial footing: examiner

(Crain's) — Tribune Co. executives pushed through a debt-laden sale of the company by giving false assurances to bankers concerned that the $8-billion deal would leave the company insolvent, according to a bankruptcy ... (Source: Crain's Chicago Business 2010-08-04T16:06:30Z)

Militants, Police Clash Amid Pakistan Floods

PESHAWAR, Pakistan -- Islamist militants attacked police posts in Pakistan's northwest and killed two civilians active in an anti-Taliban militia, challenging a security establishment straining under a national flooding ... (Source: Pittsburgh Channel 2010-08-18T08:11:46Z)

Insurgents, police clash amid Pakistan flooding

By RIAZ KHAN Associated Press Writer PESHAWAR, Pakistan (AP) - Islamist militants attacked police posts in Pakistan's northwest and killed two civilians active in an anti-Taliban militia, challenging a security ... (Source: msnbc.com 2010-08-18T08:40:24Z)

Target cautious; no donations planned for gay groups

MINNEAPOLIS - Target Corp. said Monday it won't give money to gay-friendly causes to quiet the uproar over a $150,000 donation that helped support a Minnesota gubernatorial candidate who opposes gay marriage ... (Source: Tulsa World 2010-08-17T07:30:00Z)

CO Man Wants Another Try at Capturing Bin Laden

(DENVER) — The Colorado man detained in Pakistan while trying to track down Osama bin Laden says he wants to try again. Gary Faulkner said Tuesday it could be weeks or months before he makes another trip and still has ... (Source: Time 2010-08-18T00:40:47Z)

U.S. likely to reduce, not end, its role in lending

WASHINGTON — Top Obama administration officials opened a conference on the future of housing by making clear Tuesday they are considering a limited range of options that would reduce but not eliminate the government ... (Source: Bend Bulletin 2010-08-18T10:56:24Z)

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