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 2, 2010, 1:40 pm

IBM wraps up Coremetrics buy

Armonk, N.Y.-based IBM (NYSE: IBM) didn't say what it paid in the deal, which it first publicized in mid-June. IBM said the acquisition "will expand the company's business analytics capabilities." The ... (Source: San Francisco Business Journal 2010-08-02T17:49:05Z)

Steelers K Reed won't get multiyear deal (AP)

Steelers kicker Jeff Reed isn't happy after learning he won't be signed to the multiyear contract he expected after being designated as the team's franchise player. The Steelers told Reed earlier in the year they wanted ... (Source: Bayou Buzz 2010-08-02T02:18:30Z)

Hertz says reviewing Avis' offer for Dollar Thrifty

BANGALORE (Reuters) - Hertz Global Holdings Inc (NYSE: HTZ - News ) is reviewing Avis Budget Group Inc's (NYSE: CAR - News ) bid for Dollar Thrifty Automotive Group (NYSE: DTG - News ), a company spokesperson told ... (Source: Yahoo Finance 2010-07-29T13:00:20Z)

MetLife Lowers Forecast on Stock Sale for AIG Deal

(Updates with Alico's profit, equity in seventh paragraph.) Aug. 2 (Bloomberg) -- MetLife Inc., the insurer buying a non-U.S. unit from American International Group Inc., said earnings per share will be ... (Source: BusinessWeek 2010-08-02T13:52:51Z)

BP eyes sale of German retail unit: report

FRANKFURT (MarketWatch) -- U.K. oil-major BP Plc (NYSE:BP) is looking to sell its German petrol station business Aral as part of its divestment program to raise money to cover the cost of the Gulf of Mexico ... (Source: Marketwatch 2010-08-01T14:08:22Z)

Avis Budget (CAR) Makes Formal $46.50/Share Bid for Dollar Thrifty (DTG), Topping Hertz (HTZ) Offer

Avis Budget Group, Inc. (NYSE: CAR ) offered to acquire Dollar Thrifty Automotive Group, Inc. (NYSE: DTG ) for $46.50 per share, $39.25 in cash and 0.6543 shares of Avis Budget stock. The offers tops Hertz (NYSE: HTZ ... (Source: StreetInsider.com 2010-07-28T21:29:45Z)

Chiefs top pick Berry tweets his deal is done

KANSAS CITY, Mo. -- After being told safety Eric Berry had tweeted that he had come to terms with the Kansas City Chiefs , coach Todd Haley's only comment was that he hoped it was true. Typically, the Chiefs never ... (Source: CBS Sports 2010-07-31T02:56:40Z)

Report: Chinese businessman Kenny Huang trying to oust Hicks and Gillett from ...

LONDON — Chinese businessman Kenny Huang has reportedly offered to buy Liverpool's 237 million-pound debt ($374 million) from a British bank in an attempt to end Tom Hicks and George Gillett Jr.'s control of the ... (Source: San Francisco Examiner 2010-08-02T14:14:20Z)

Jaguars, 1st-round draft pick agree to 5-year deal

JACKSONVILLE, Fla. (AP) — The Jacksonville Jaguars and first-round draft pick Tyson Alualu have agreed on a five-year contract worth about $28 million, getting the California defensive tackle on his way to camp after a ... (Source: San Mateo Daily Journal 2010-08-02T15:33:04Z)

IBM closes Coremetrics acquisition

ARMONK, N.Y.—IBM Corp. said Monday it has closed its acquisition of Coremetrics, a San Mateo, Calif., provider of Web analytics software that helps customers develop marketing campaigns. Financial terms of ... (Source: San Jose Mercury News 2010-08-02T19:22:08Z)

With fans able to come to training camp, Chiefs getting big boost in Haley's second ...

ST. JOSEPH, MO. — Even for the NFL, a league that's famous for change, the Kansas City Chiefs seem saturated with newness. From their relocated training camp, to their $375 million stadium makeover to the ... (Source: Washington Examiner 2010-08-02T14:07:10Z)

Reed rips Steelers over contract

The Steelers told Reed earlier in the year they wanted to work out an extended contract. Any chance that deal would get done apparently ended when right tackle Willie Colon was injured in June and Flozell Adams signed ... (Source: Erie Times-News 2010-08-02T16:01:42Z)

Avis Budget Offers $1.33 Billion for Dollar Thrifty, Tops Hertz

July 29 (Bloomberg) -- Avis Budget Group Inc.'s $1.33 billion offer for Dollar Thrifty Automotive Group Inc., which topped Hertz Global Holdings Inc.'s agreement to buy the rental- car company, may signal ... (Source: BusinessWeek 2010-07-28T23:31:27Z)

Lions sign RB Best to five-year deal, hope to lock up Suh soon

ALLEN PARK, Mich. -- For Detroit Lions coach Jim Schwartz, Friday was a reminder of a late-summer childhood ritual. "This is like the first day of school, but for adults," Schwartz said as he waited for his ... (Source: NFL 2010-07-31T00:40:40Z)

MetLife Plans To Sell 75 Million Shares, $3 Billion Debt To Fund AIG Deal

MetLife Inc. (MET) announced plans to sell at least 75 million shares and $3 billion of debt to fund the cash portion of its planned acquisition of American International Group Inc.'s (AIG) second-largest foreign life ... (Source: NASDAQ 2010-08-02T12:12:38Z)

Deals of the day -- mergers and acquisitions

Aug 2 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2000 GMT on Monday. ** BP Plc is seeking to sell its German petrol station chain ... (Source: The Guardian 2010-08-02T20:05:05Z)

Carolina in search to find Peppers' replacement

SPARTANBURG, S.C. (AP) — When the remaining individual game tickets for the Carolina Panthers went on sale Saturday, the return of Julius Peppers with the Chicago Bears was the only one to immediately sell ... (Source: Macomb Daily 2010-08-02T10:10:57Z)

Jaguars, top pick finally agree to 5-year deal

The Jacksonville Jaguars and first-round draft pick Tyson Alualu have finally agreed on a five-year contract worth $28 million, ending the defensive tackle's brief holdout and getting him on his way to training camp. The ... (Source: Salon 2010-08-02T16:37:30Z)

Chinese businessman Kenny Huang tries to oust Hicks and Gillett from Liverpool

LONDON - Chinese businessman Kenny Huang has offered to buy Liverpool's 237-million-pound debt (C$385 million) from a British bank in an attempt to end Tom Hicks and George Gillett Jr.'s control of the English Premier ... (Source: Canada East 2010-08-02T14:07:10Z)

Ndamukong Suh, Lions still haven't reached deal

Allen Park -- Now coach Jim Schwartz continues to watch and wait patiently as the Lions front office negotiates a contract with No. 2 overall pick Ndamukong Suh, who remains the lone Lions draft pick without a ... (Source: Detroit News 2010-07-31T05:34:09Z)

Replacing Peppers no easy assignment

SPARTANBURG, S.C. -- When the remaining individual game tickets for the Carolina Panthers went on sale Saturday, the return of Julius Peppers with the Chicago Bears was the only one to immediately sell out ... (Source: Greensboro News & Record 2010-08-02T06:57:41Z)

BP May Sell Its German Gas Stations for $2.6 Billion, Wirtschaftwoche Says

BP Plc wants to sell its German gas station unit Aral to finance expenses related to the Gulf of Mexico disaster, Wirtschaftswoche reported, citing unidentified bankers involved in the sale. Aral, Germany's ... (Source: Bloomberg 2010-07-31T17:44:18Z)

Latest South Carolina Sports:,

SPARTANBURG, S.C. (AP) When the remaining individual game tickets for the Carolina Panthers went on sale Saturday, the return of Julius Peppers with the Chicago Bears was the only game to immediately sell out ... (Source: WCBD 2010-08-02T08:30:44Z)

NFL: Steelrs' Reed unhappy with lack of multiyear deal

LATROBE - Steelers kicker Jeff Reed isn't happy after learning he won't be signed to the multiyear contract he expected after being designated as the team's franchise player. The Steelers told Reed earlier in ... (Source: Indiana Gazette 2010-08-02T15:25:55Z)

IBM wraps up business analytics purchase

IBM has closed on its acquisition of California software maker Coremetrics Inc. Armonk, N.Y.-based IBM (NYSE: IBM) didn't say what it paid in the deal, which it first publicized in mid-June. IBM, which has ... (Source: Triangle Business Journal 2010-08-02T18:39:11Z)

UPDATE:MetLife Expands Size Of Share Sales To Fund Alico Deal

NEW YORK -(Dow Jones)- MetLife Inc. (MET) increased by about $1 billion the amount it plans to raise in a share sale to fund its acquisition of American International Group Inc.'s (AIG) second-largest foreign life ... (Source: NASDAQ 2010-08-02T14:28:39Z)

NFL -- Can Ndamukong Suh, Free Agents Be The Difference For The Lions?

The Detroit Lions have been bad for years, a lot of years! But the Lions have done something this off season they have never, ever done. Not only did they get some great players in the NFL draft, but they got ... (Source: Gather.com 2010-08-02T15:54:33Z)

Jaguars, Alualu agree on five-year deal

Jaguars, top pick finally agree to 5-year deal The Jacksonville Jaguars and first-round draft pick Tyson Alualu have finally agreed on a five-year contract worth $28 million, ending the defensive tackle's ... (Source: Tacoma News Tribune 2010-08-02T20:19:24Z)

Home fans a big boost for Chiefs at camp

St. Joseph -- Even for the NFL, a league that's famous for change, the Kansas City Chiefs seem saturated with newness. From their relocated training camp, to their $375 million stadium makeover to the -- relatively ... (Source: News-Leader.com 2010-08-02T11:29:41Z)

Chinese businessman makes offer to buy Liverpool, its debt

LONDON -- Chinese businessman Kenny Huang has offered to buy Liverpool's 237 million pound debt ($374 million) from a British bank in an attempt to end Tom Hicks and George Gillett Jr.'s control of the English Premier ... (Source: CBS Sports 2010-08-02T18:03:24Z)

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