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, 9:41 am

Allardyce not counting on funds this summer

Blackburn are not expecting the sale of the club to be complete before the end of the transfer window, manager Sam Allardyce has confirmed. Rovers are in discussions with Indian businessman Ahsan Ali Syed over a proposed ... (Source: The Independent 2010-08-18T14:38:18Z)

Netflix lust for 'True Blood' unrequited by HBO plans

Netflix Inc.'s drive to offer its subscribers online movies from all the biggest Hollywood studios may hit a wall with HBO. Time Warner Inc.'s pay-television channel, home to shows including the "The Sopranos ... (Source: San Jose Mercury News 2010-08-18T14:09:40Z)

BHP's $42bn Canada Potash tilt

Aug 17, 2010 (The Australian Financial Review - ABIX via COMTEX) -- Potash Corporation of Saskatchewan (PCS) has rejected BHP Billiton's $US38bn ($A42.5bn) unsolicited takeover bid. The $US120-per-share offer is BHP's ... (Source: Investors Business Daily 2010-08-18T00:40:47Z)

HBO's studios cool to Netflix on movies online

Netflix Inc.'s drive to offer its subscribers online movies from all the biggest Hollywood studios may hit a wall with HBO. Time Warner Inc.'s pay-television channel, home to shows including the "The Sopranos ... (Source: San Francisco Gate 2010-08-18T15:28:25Z)

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)

Kloppers goes hostile as Potash's Doyle fights for independence

BHP Billiton Ltd. Chief Executive Officer Marius Kloppers flew to Chicago to deliver the letter containing his $40 billion offer to Potash Corp. of Saskatchewan Inc. CEO Bill Doyle. The reply was a blunt rejection. In ... (Source: Financial Post 2010-08-18T15:49:53Z)

NBA Free Agency: Tracy McGrady, Detroit Pistons Try To Reclaim Spotlight

When it was announced that Tracy McGrady would be joining the Detroit Pistons on a one-year contract for the veteran's minimum salary, it brought to a close a long and winding odyssey that saw McGrady, a two-time NBA ... (Source: Bleacherreport.com 2010-08-12T14:23:57Z)

Resource stocks push TSX lower

The Toronto stock market was off to a lower start Wednesday as energy stocks backed off alongside oil prices amid data showing rising American crude supplies. The S&P/TSX composite index lost 69.6 points to 11,659 ... (Source: Toronto Star 2010-08-18T14:31:09Z)

Barclays Follows Citigroup With Court Rejection of U.S. Accord

A federal judge refused to endorse a settlement between the U.S. and a bank for a third time in a year, calling a proposed $298 million fine of Barclays Plc for trading with Iran, Cuba and Sudan "a ... (Source: Bloomberg 2010-08-18T14:31:09Z)

Treasury Getting Off Its Fannie

WASHINGTON ( TheStreet ) -- Nearly two years after Fannie Mae ( FNM ) and Freddie Mac ( FRE ) were put into conservatorship, the Treasury Department is finally starting to consider what to do about the future ... (Source: Street.Com 2010-08-17T13:56:33Z)

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)

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)

BHP's Potash Bid: Long History and a Big Bet

BHP Billiton 's $38.6 billion informal offer for Potash , the Canadian fertilizer giant, didn't come out of the blue. It was at least a decade in the making. BHP has had its eye on Potash for years, as it ... (Source: New York Times Blogs 2010-08-18T08:33:14Z)

Falling oil prices could pressure TSX at open

TORONTO - Energy stocks could push the Toronto stock market to a lower start to the trading day as oil prices backed off amid data showing rising American crude supplies. The Canadian dollar moved up 0.45 of a cent to 97 ... (Source: Metronews.ca 2010-08-18T14:09:40Z)

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)

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)

GM Said to Consider Sale of Preferred Stock Along With its IPO

Aug. 18 (Bloomberg) -- 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 ... (Source: BusinessWeek 2010-08-18T03:54:04Z)

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)

Allardyce expects to wait for funds

Blackburn are not expecting the sale of the club to be complete before the end of the transfer window, manager Sam Allardyce has confirmed. Indian businessman Ahsan Ali Syed wants to complete a buyout of the club within ... (Source: Independent 2010-08-18T16:11:22Z)

Banking execs say government needs to 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 ... (Source: Buffalo News 2010-08-18T14:31:09Z)

Kosmos Cancels $4 Billion Sale of Jubliee Oil Fields in Ghana to Exxon

The company will focus on further exploration of Ghana's deposits and together with partners plans to start pumping oil from the offshore Jubilee field in the fourth quarter, Dallas- based Kosmos said today ... (Source: Bloomberg 2010-08-18T14:45:28Z)

BHP goes hostile in $39 billion Potash bid

BHP Billiton launched a hostile $39 billion bid for Potash Corp to become the world's top fertilizer maker after the Canadian group rejected this year's biggest takeover offer. BHP Billiton, the world's biggest miner ... (Source: msnbc.com 2010-08-18T14:38:18Z)

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)

Report: HBO doesn't plan to join Netflix's entourage

Looks like HBO will take on Netflix instead of helping its effort to become one of the Web's leading sources of movies and TV shows, Bloomberg reports . Time Warner's premium cable channel says that it will ... (Source: USA Today 2010-08-18T14:38:18Z)

Allardyce not expecting Blackburn sale before end of transfer window

Blackburn boss Sam Allardyce has confirmed he is not expecting the sale of the club to be completed before the end of the transfer window. Rovers are in discussions with Indian businessman Ahsan Ali Syed over a proposed ... (Source: Tribal Football 2010-08-18T15:14:06Z)

Tracy McGrady to sign with Detroit Pistons

D ETROIT — The Detroit Pistons have reached an agreement with Tracy McGrady and the 6-foot-8 swingman is coming to Motown to try to salvage his career, a source with personal knowledge of the situation told the Detroit ... (Source: Boston Herald 2010-08-11T06:47:00Z)

TSX supported by PotashCorp: BHP to take takeover offer direct to shareholders

TORONTO - The Toronto stock market was little changed Wednesday, finding support from market heavyweight PotashCorp (TSX:POT) for a second day while energy stocks suffered from lower oil prices amid data ... (Source: Winnipeg Free Press 2010-08-18T15:57:03Z)

Detroit Pistons could offer Tracy McGrady contract

The Detroit Pistons have stayed quiet in the free agent market this summer, but they could be on their way to making a big move. The Pistons are engaged in talks with seven-time NBA All-Star and two-time ... (Source: USA Today 2010-08-06T23:56:34Z)

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)

Kloppers Goes Hostile as Potash's Doyle Fights for Independence

Aug. 18 (Bloomberg) -- BHP Billiton Ltd. Chief Executive Officer Marius Kloppers flew to Chicago to deliver the letter containing his $40 billion offer to Potash Corp. of Saskatchewan Inc. CEO Bill Doyle. The ... (Source: BusinessWeek 2010-08-18T13:48:12Z)

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