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 21, 2010, 2:41 am

Tom Gores representatives meet with Pistons officials about possible sale

The group, working in the interests of billionaire Tom Gores, met with Palace Sports & Entertainment officials, according to several people familiar with the process. It was the group's second meeting with ... (Source: Detroit Free Press 2010-08-19T05:25:56Z)

Rite Aid Earnings Review: 44 Days After Announcement Shares Down 10.37% (RAD)

When Rite Aid ( NYSE:RAD ) reported earnings 44 days ago on June 23, 2010, analysts, on average, expected the company to report a loss of $0.14 on sales of $6.4 billion. The company actually reported a loss of $0.09 on ... (Source: Comtex Smartrend 2010-08-09T15:31:56Z)

Texas Team Report

When he learned he would be entering the national championship game against Alabama earlier this year as a replacement for injured Colt McCoy, Garrett Gilbert couldn't find his helmet in a show of nerves that would be ... (Source: Collegebaseball.rivals.com 2010-08-20T18:39:19Z)

Stocks drop as jobless claims rise unexpectedly

NEW YORK - Stocks tumbled Thursday after two disappointing economic reports renewed investors' concerns about the pace of the recovery. The Dow Jones industrial average fell 144 points. All the major stock ... (Source: Observer-Reporter 2010-08-21T07:46:44Z)

Intel to Acquire McAfee in $7.7bn Deal

New York, NY, United States (AHN) - Intel announced on Thursday it will acquire security vendor McAfee in a cash deal valued at about $7.68 billion. The deal is poised to enhance the chip maker's mobile strategy. The ... (Source: All Headline News 2010-08-19T16:38:49Z)

Intel to Buy Security Vendor McAfee for $7.68 Billion

IDG News Service — Intel said Thursday it plans to acquire security vendor McAfee in a cash deal valued at about $7.68 billion and aimed at enhancing the chip maker's mobile strategy. Both boards of ... (Source: CIO 2010-08-19T15:05:45Z)

Intel to buy security company McAfee in $7.68B deal

Intel Corp. said Thursday it is buying computer-security software maker McAfee Inc. for $7.68 billion as the chip-maker adds to its arsenal of tools to serve an increasing array of Internet-connected devices ... (Source: Tacoma News Tribune 2010-08-19T16:17:20Z)

Rite Aid Announces Offering of Senior Secured Notes and Proposed Refinancing of Its Revolving...

BusinessWire - Rite Aid Corporation (NYSE:RAD) announced today its intention to offer $650 million aggregate principal amount of senior secured notes due 2020. The notes will be unsecured, unsubordinated ... (Source: Forbes 2010-08-09T11:57:11Z)

Detroit News: Tom Gores, not Mike Ilitch, favorite to land Detroit Pistons

Rather stunning news given Red Wings owner Mike Ilitch's interest in the Pistons, Palace Sports & Entertainment, and the Palace: August 20, Detroit News: Flint native Tom Gores has emerged as the "front-runner ... (Source: MLive.com 2010-08-20T06:14:51Z)

Canadian Stocks Advance After Potash Corp. Rejects BHP Takeover Offer

Canadian stocks rose for a third day after Potash Corp. of Saskatchewan Inc. rejected an unsolicited $39 billion takeover offer from BHP Billiton Ltd. and the U.S. reported increases in industrial production ... (Source: Bloomberg 2010-08-17T17:02:39Z)

Ed Wood Writers Aboard Addams Family

Scott Alexander and Larry Karaszewski have been named as the screenwriters for Tim Burton's upcoming The Addams Family by Deadline and will also see Burton serve as a producer on their project, Big Eyes ... (Source: ShockTillYouDrop.com 2010-08-19T23:41:09Z)

Intel's Otellini, After McAfee Deal, May Find Mobile Security a Hard Sell

Paul Otellini, chief executive officer of Intel Corp. Photographer: Jay Mallin/Bloomberg Intel Corp. Chief Executive Officer Paul Otellini , with the $7.68 billion acquisition of security software maker McAfee ... (Source: Bloomberg 2010-08-20T04:13:10Z)

An OB Close-Up: QB Garrett Gilbert

The subject of tackling and being tackled came up with Garrett Gilbert and a group of reporters this week. When it comes to being tackled, Gilbert said if he saw Texas safety Christian Scott lowering down on him, he'd ... (Source: Collegebaseball.rivals.com 2010-08-17T23:57:50Z)

Stocks Advance on Earnings, BHP's Potash Offer

Stocks advanced, sending the Standard & Poor's 500 Index to its biggest gain in two weeks, as profits top estimates and a $39 billion bid for Potash Corp. of Saskatchewan Inc. sparked a rally in agricultural ... (Source: Bloomberg 2010-08-17T19:04:21Z)

Closer Francisco Rodriguez of the New York Mets is out for the season | Baseball

HOUSTON — New York Mets closer Francisco Rodriguez has a torn thumb ligament in his pitching hand — an injury apparently suffered during a fight with his girlfriend's father Wednesday at Citi Field — and ... (Source: Seattle Times 2010-08-17T04:09:34Z)

Dynamic Ventures Corporation announces Al Cain is appointed President of EZ-Build

VANCOUVER , Aug. 20 /PRNewswire-FirstCall/ - Dynamic Ventures Corp., (OTCBB: DYNV) today announced the appointment of Al Cain to Executive Vice President of Sales effective August 20th, 2010 . Mr. Cain founded ... (Source: Redorbit.com 2010-08-20T12:55:43Z)

Intel, After McAfee Deal, May Find Mobile Security a Hard Sell

Aug. 20 (Bloomberg) -- Intel Corp. Chief Executive Officer Paul Otellini, with the $7.68 billion acquisition of security software maker McAfee Inc., is betting that customers will pay to guard against attacks ... (Source: BusinessWeek 2010-08-20T04:13:10Z)

Rite Aid announces proposed $650 million senior secured notes offering

Rite Aid Corporation (NYSE:RAD) announced today its intention to offer $650 million aggregate principal amount of senior secured notes due 2020. The notes will be unsecured, unsubordinated obligations of Rite ... (Source: News-Medical.Net 2010-08-09T12:40:08Z)

Dow, down 144.33 . . . S&P 500, down 18.53 . . . Nasdaq, down 36.75

The reports followed news that Intel Corp. was acquiring McAfee Inc. The deal, valued at $7.68 billion, was not enough to offset the impact of weaker economic readings on the market. The Dow Jones industrial index lost ... (Source: Cleveland Plain Dealer 2010-08-20T02:11:28Z)

Palace denies owing $280K in back taxes

The Detroit Pistons are for sale, and the team's parent company, Palace Sports & Entertainment, is on the hook for almost $280,000 in delinquent state and federal taxes, according to public records. But the ... (Source: Detroit News 2010-08-18T23:56:39Z)

Intel-McAfee Deal Makes Secure Hardware a Priority

Intel's decision to buy security software giant McAfee for $7.68 billion on Thursday will add a "third pillar" of security to Intel's product portfolio, generating the possibility of short-term product ... (Source: YAHOO! 2010-08-19T21:53:47Z)

Francisco Rodriguez's assault charge the latest problem for New York Mets to deal with

UPDATE, 3:25 p.m, ET: Francisco Rodriguez was released from custody and without bail. He was told to stay away from his father-in-law, who he assaulted Wednesday night. The Mets closer did not enter a plea ... (Source: USA Today 2010-08-13T04:35:47Z)

Intel buys McAfee in surprising $7.7 billion deal

In a stunning deal, computer-chip maker Intel said Thursday it will pay $7.7 billion, or $48 a share, to acquire anti-virus giant Mc Afee, a 60 percent premium over McAfee's share price on Wednesday. McAfee will operate ... (Source: Reno Gazette 2010-08-20T14:35:56Z)

Top Potash Producer Rejects $38.6 Billion Offer From BHP Billiton

The company, the Potash Corporation of Saskatchewan, on Tuesday rejected the overture from BHP Billiton , the world's largest mining company. Yet the unsolicited offer, which would be the biggest takeover so ... (Source: New York Times 2010-08-18T00:26:28Z)

New York Mets withhold Francisco Rodriguez's pay, place him on DQ list

NEW YORK — The New York Mets are withholding injured closer Francisco Rodriguez's salary while he's sidelined, and the team wants to convert his contract to a non-guaranteed deal. The moves could be a ... (Source: Seattle Times 2010-08-18T03:03:57Z)

Scott wants to add strategy to his big hits

The reaction from fans in Royal-Memorial Stadium was immediate and predictable. Texas safety Christian Scott zoomed in on unsuspecting tight end Greg Smith. Smith had just caught a pass from Garrett Gilbert on ... (Source: Austin American-Statesman 2010-08-21T04:11:59Z)

Tim Burton Reteams with 'Ed Wood' Writers for 'Addams Family' and 'Big Eyes'

Deadline confirms that Tim Burton ( Alice in Wonderland, Sweeney Todd, The Corpse Bride, The Nightmare Before Christmas ) will reunite with Scott Alexander and Larry Karaszewski , the screenwriters behind one ... (Source: cinematical 2010-08-20T18:53:38Z)

Pacific Western Bank Acquires Los Padres Bank of Solvang, CA Through an FDIC-Assisted ...

SAN DIEGO , Aug. 20 /PRNewswire-FirstCall/ -- PacWest Bancorp (Nasdaq: PACW - News ) today announced that its wholly-owned subsidiary Pacific Western Bank purchased certain assets and assumed substantially all the ... (Source: Yahoo Finance 2010-08-21T02:24:36Z)

Emmis Communications Further Extends Preferred Stock Exchange Offer and Adjourns ...

INDIANAPOLIS, Ind., Aug. 20 /PRNewswire-FirstCall/ -- Emmis Communications Corporation, an Indiana corporation (Nasdaq: EMMS) ("Emmis") today announced that it is further extending its offer to issue 12% PIK ... (Source: Daily Finance 2010-08-21T01:34:30Z)

Tim Burton Gearing Up For New Addams Family Flick!

Time to get cracking on this! Sources confirm that Tim Burton is forging ahead on his Addams Family stop-motion animated film. He has reunited with his Ed Wood screenwriters Scott Alexander and Larry Karaszewski to take ... (Source: Fashion 2010-08-20T20:19:32Z)

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