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 23, 2010, 3:40 pm

KNOC not commenting on raising $2.6 billion Dana offer: source

SEOUL (Reuters) - Korea National Oil Corp is awaiting shareholder responses to its hostile $2.6 billion bid for the UK's Dana Petroleum and declined to comment on whether it would consider a higher offer in ... (Source: Reuters 2010-08-23T06:04:08Z)

Bears Sign Collins As Back-Up QB (For Now)

After being initially rejected by veteran QB Todd Collins, the Bears have managed to land the quarterback with a one-year deal today. With only rookie Dan LeFevour available to back-up starter Jay Cutler after ... (Source: Chicagoist 2010-08-23T20:44:36Z)

Injunction denied for Everglades/US Sugar deal

MIAMI - A federal judge has denied the request by the Miccosukee Indians to stop the state from purchasing agricultural land in the Everglades. Judge Federico Moreno ruled Monday that the tribe's emergency motion, filed ... (Source: Herald Tribune 2010-08-23T21:06:05Z)

Stocks rise modestly to start week on M&A activity

NEW YORK — Stocks rose modestly Monday as investors tentatively moved back into the market after a fresh round of merger and acquisition activity. There are no major economic reports due out Monday that ... (Source: Huffingtonpost.com 2010-08-23T14:03:45Z)

Federal judge rejects Miccosukee's request to stop Everglades restoration land deal ...

A federal judge Monday denied the Miccosukee Tribe 's bid to stop a planned $197 million Everglades restoration land deal with U.S. Sugar Corp. The tribe on Aug. 10 requested an emergency injunction from U.S ... (Source: Fort Lauderdale Sun-Sentinel 2010-08-23T17:31:20Z)

HP Counters Dell's Offer To Buy 3PAR

Hewlett-Packard Co offered $1.6 billion to buy 3PAR Inc on Monday, which surpasses the offer that Dell Inc made earlier this month. HP's move to acquire 3PAR comes during a rush of mergers in the technology ... (Source: Redorbit.com 2010-08-23T18:14:17Z)

Intel Taps Goldman As M&A Adviser For First Time In McAfee Deal

NEW YORK -(Dow Jones)- Apparently Goldman Sachs Group Inc. (GS) hasn't lost its touch at landing the big client. Intel Corp. (INTC) hired Goldman Sachs, which has been the target of much public ire since the financial ... (Source: NASDAQ 2010-08-19T20:13:34Z)

Stock prices rose modestly despite slow economic recovery

Stock futures rose modestly Monday as investors tentatively moved back into the market after a fresh round of merger and acquisition activity. There are no major economic reports due out Monday that could ... (Source: The Christian Science Monitor 2010-08-23T15:29:39Z)

HP sparks bidding war with Dell over 3PAR

NEW YORK — Hewlett-Packard Co sparked a bidding war for 3PAR Inc on Monday with a $1.6 billion offer, topping rival Dell Inc's deal to buy the niche data storage company. The move to acquire nine-year-old ... (Source: comcast.net 2010-08-23T21:06:05Z)

TSX advances as PotashCorp rejects BHP offer

The Toronto stock market headed higher Monday with investors focused on PotashCorp as the company officially rejected a hostile US$38.6 billion takeover bid from Australian miner BHP Billiton. The S&P/TSX composite index ... (Source: Toronto Star 2010-08-23T13:56:35Z)

Israeli says deal possible, difficult

JERUSALEM - Staking out his starting position for new Mideast peace talks, Israel's prime minister demanded Sunday that any future Palestinian state be demilitarized and recognize Israel as the Jewish homeland ... (Source: Philadelphia Daily News 2010-08-23T15:01:01Z)

Apple Playing Hard to Get with Verizon Amid Imminent Deal

There have been countless rumors saying Apple is planning to sign with Verizon over a CDMA-capable iPhone, with one Wall Street analyst now saying that Apple is close to inking that deal, as the deal with AT&T has spent ... (Source: Softpedia 2010-08-23T15:43:58Z)

Sources: Nick Mangold deal close

With the Darrelle Revis holdout dominating headlines for three weeks, the New York Jets quietly have been negotiating a long-term extension for All-Pro center Nick Mangold . The two sides are close to a new ... (Source: ESPN.com 2010-08-23T14:32:23Z)

Indians lose bid to stop Everglades land deal

A federal judge has denied the request by the Miccosukee Indians to stop the state from purchasing agricultural land in the Everglades. Judge Federico Moreno ruled Monday that the tribe's emergency motion, filed earlier ... (Source: msnbc.com 2010-08-23T20:44:36Z)

3Par Bidding War Heats Up As HP Tops Dell's Offer

San Francisco, CA, United States (AHN) – The bidding war for cloud computing firm 3Par Inc. heated up Monday with Hewlett-Packard Co. topping rival Dell Inc.'s bid with a $1.6 billion offer. HP's offer ... (Source: Gant Daily 2010-08-23T17:24:11Z)

Bears sign QB Todd Collins

The Bears have signed 38-year-old Todd Collins, who's played for Washington, Kansas City and Buffalo. He is expected to battle the injured Caleb Hanie for the No. 2 spot behind starter Jay Cutler. The Bears also signed ... (Source: Pantagraph 2010-08-23T22:10:30Z)

Israel sets terms for coming talks

JERUSALEM – Israel's prime minister demanded Sunday that any future Palestinian state be demilitarized and recognize Israel as the Jewish homeland, as he staked out his starting position for new Mideast peace talks ... (Source: Fort Wayne Journal Gazette 2010-08-23T19:54:30Z)

Analyst: Verizon iPhone Deal Still Not Sealed

Apple (AAPL) will likely bring the iPhone to another U.S. carrier in the next year — but it may not be Verizon (VZ). While the company is said to be a front-runner for the device, Kaufman Bros. analyst Shaw ... (Source: All Things Digital 2010-08-23T16:05:26Z)

Tech sector M&A heats up

T he tech sector has certainly been hot in recent weeks, with big names being snapped up by even bigger names. On top of that, the acquirers are paying a pretty penny in premiums. The blockbuster deals include: IBM Corp ... (Source: Globe and Mail 2010-08-23T15:51:07Z)

Veteran QB Collins signs with Bears

The Chicago Bears' experience level at quarterback is a great deal higher than last week after their signing of 38-year-old Todd Collins. The former Washington Redskin, Kansas City Chief and Buffalo Bill plans to ... (Source: Peoria Journal Star 2010-08-23T20:58:55Z)

Jets close to long-term contract with All-Pro center Mangold

The contract is still being hammered out, but it is expected to top the five-year, $37.5 million deal of St. Louis Rams center Jason Brown , the league's highest-paid center, according to The Star-Ledger ... (Source: NFL 2010-08-23T14:25:13Z)

KNOC bids $2.9 billion for Dana Petroleum

HOUSTON, Aug. 23 -- Korea National Oil Corp. launched a hostile takeover bid Aug. 20 for Dana Petroleum PLC, Aberdeen. Dana Petroleum, which operates mainly in the North Sea and Egypt, has declined to recommend the offer ... (Source: Oil & Gas Journal 2010-08-23T17:09:52Z)

Sheboygan woman, 79, kills snake with ice chopper

A 79-year-old Sheboygan woman who couldn't find any help when a rattlesnake showed up on her patio said it was no big deal taking matters into her own hands. Margaret Street said she used an ice chopper to kill the snake ... (Source: AP - msnbc.com 2010-08-23T19:18:42Z)

Dana Banks on its Financial Results to Convince KNOC for Raising the Takeover Offer

As told by a person familiar with the matter on August 23, for its hostile takeover bid worth $2.6 billion to acquire Dana Petroleum, Korea National Oil Corp. seeks approval from Dana's shareholders. KNOC also did not ... (Source: TopNews United States 2010-08-23T10:00:22Z)

Apple and Verizon Close to a Deal?

Rumors surrounding Apple's iPhone coming to Verizon Wireless still continue, with the latest report indicating that the two companies are close to a deal. Currently important details still need to be ironed out including ... (Source: Tom's Guide 2010-08-23T17:24:11Z)

Israeli PM aims to 'surprise sceptics' with talks

JERUSALEM – Israeli Prime Minister Benjamin Netanyahu said on Sunday he wanted to "surprise the sceptics" by reaching a settlement with the Palestinians at revived US-sponsored direct peace talks next month. "I know ... (Source: Turkishpress.com 2010-08-23T18:07:07Z)

UPDATE 1-Deals of the day -- mergers and acquisitions

Aug 19 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1330 GMT on Thursday. ** Chip maker Intel Corp ( INTC.O ) said it agreed ... (Source: Reuters 2010-08-17T23:57:50Z)

Elderly Woman Kills Snake with Ice Chopper

A 79-year-old Sheboygan woman who couldn't find any help when a rattlesnake showed up on her patio says it was no big deal taking matters into her own hands. SHEBOYGAN, Wis. (AP) -- A 79-year-old Sheboygan woman who ... (Source: msnbc.com 2010-08-23T20:30:17Z)

Jets, C Nick Mangold close on contract extension

The anchor of the New York Jets' offensive line is about to get a big payday.All-Pro center Nick Mangold and the Jets are close on a contract extension, coach Rex Ryan acknowledged Monday. The deal would make the two ... (Source: msnbc.com 2010-08-23T22:17:40Z)

Unfazed Sheboygan woman, 79, uses ice chopper to kill rattlesnake on patio

SHEBOYGAN, Wis. - A 79-year-old Sheboygan woman who couldn't find any help when a rattlesnake showed up on her patio said it was no big deal taking matters into her own hands. Margaret Street said she used an ... (Source: Minneapolis Star Tribune 2010-08-23T19:25:52Z)

Blog Archive