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, 5:40 am

HSBC in Talks with Old Mutual for 70% Stake in South Africa's Nedbank

HSBC is in talks to buy up to 70 percent of South Africa's Nedbank, in a potential $6.8 billion deal that would give Europe's biggest lender a broader gateway to the fast-growing African continent. HSBC and Anglo-South ... (Source: Insurance Journal 2010-08-23T10:57:38Z)

Potash seeking talks with possible white knights

LONDON/MELBOURNE, Aug 23 (Reuters) - Canada's Potash Corp is seeking talks with possible counter-bidders as it fights off an unwanted $39 billion takeover offer from BHP Billiton. Potash, the world's the world ... (Source: FOXBusiness 2010-08-23T12:16:22Z)

Sinochem, Vale Approach BHP Target Potash Corp: Report

MELBOURNE (Reuters) - Potash Corp has been contacted by China's Sinochem Group and Brazil's Vale as the Canadian firm battles a hostile $39 billion takeover offer from BHP Billiton , Bloomberg reported on ... (Source: ABC News 2010-08-23T10:14:41Z)

Dana Aims to Convince KNOC to Raise Offer

Dana Petroleum will this week make a final attempt to convince South Korea's national oil group to raise its £1.87pounds takeover offer in return for the blessing of the UK oil explorer's board. The last ... (Source: CNBC 2010-08-23T02:15:04Z)

Google buys visual shopping engine Like.com

Google has acquired Like.com, which offers a visual search engine for retail products, a deal aimed at boosting Google's shopping search capabilities and services like its Products engine. The acquistion comes ... (Source: Reuters 2010-08-22T06:12:29Z)

Gallas joins Tottenham on 1-year deal

LONDON (AP) — William Gallas has completed his move to Tottenham on a one-year deal, two months after leaving Spurs' fierce north London rival Arsenal. The France international joined Sunday on a free transfer and will ... (Source: Cleveland Plain Dealer 2010-08-22T11:20:17Z)

Google Presses Into Visual Shopping With Like.com Deal

Google CEO Eric Schmidt's plan to buy a company a month has been on fast forward; lately the search firm has been on a company-a-week pace. The latest? On Friday, Google announced the purchase of visual ... (Source: Advertising Age 2010-08-21T15:39:10Z)

HSBC in talks to buy majority stake in South Africa's Nedbank for $6.8B

LONDON _ British bank HSBC Holdings PLC said Monday it is in talks with financial group Old Mutual PLC to buy a controlling stake in Nedbank Group Ltd. of South Africa in a deal worth as much as US$6.8 billion. Old ... (Source: Insurance News Net 2010-08-23T10:07:31Z)

Tottenham Completes Signing of Former Arsenal Defender William Gallas

Tottenham completed the signing of former Arsenal defender William Gallas on a one-year deal. The 33-year-old was out of contract at the Gunners, Tottenham's north London soccer rival. The French ... (Source: Bloomberg 2010-08-22T12:03:14Z)

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

(Adds HSBC, Vedanta Resources, Kuwait Investment Authority, Qatar Investment Authority) Aug 23 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were ... (Source: Reuters 2010-08-23T09:24:34Z)

Cuba Church says it was right to broker prisoner release, in answer to dissidents ...

HAVANA (AP) — Roman Catholic officials said Friday they had a humanitarian obligation to broker a landmark deal in which Cuba promised to free 52 political prisoners — answering island opposition activists ... (Source: Daily Press 2010-08-20T21:38:16Z)

'The Expendables' holds top weekend box office spot

7:02 A.M. — LOS ANGELES — Sylvester Stallone's "The Expendables" has fought off an onslaught of newcomers to finish on top of the weekend box office again. "The Expendables" remained No. 1 for a second ... (Source: News-Press 2010-08-23T11:04:47Z)

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)

HSBC in talks for 70 pct of S.Africa's Nedbank

JOHANNESBURG/HONG KONG, Aug 23 (Reuters) - HSBC is in talks to buy up to 70 percent of South Africa's Nedbank, in a potential $6.8 billion deal that would give Europe's biggest lender a broader gateway to the ... (Source: FOXBusiness 2010-08-23T10:14:41Z)

Despite 'checkered' past, GM's initial offering may lure brave in stalled ...

In this July 9, 2009 file photo, the General Motors headquarters is seen in Detroit. GM recently filed papers with regulators detailing its plans to return to the stock market. Though it didn't specify a ... (Source: Norristown Times Herald 2010-08-23T07:22:53Z)

India Yet To Decide On ONGC Counter-Offer For Cairn

NEW DELHI -(Dow Jones)- India is yet to decide whether state-run Oil & Natural Gas Corp. (500312.BY) should make a counter bid to buy a stake in Cairn Energy PLC's (CNE.LN) local unit, Oil Minister Murli Deora ... (Source: FOXBusiness 2010-08-23T10:50:28Z)

HSBC Proposes Buying Majority Stake In Nedbank

HSBC Holdings PLC ( HBC ), Europe's largest bank, has proposed a deal to buy majority control of South African lender Nedbank Group Ltd. (NED.JO) in a move that could help it expand its operations in growing ... (Source: FOXBusiness 2010-08-23T11:47:44Z)

Gallas completes move to Tottenham on 1-year deal, 2 months after leaving rival ...

LONDON — William Gallas has completed his move to Tottenham on a one-year deal, two months after leaving Spurs' fierce north London rival Arsenal. The France international joined Sunday on a free transfer ... (Source: Republic 2010-08-22T11:27:27Z)

UPDATE: India Yet To Decide On ONGC Counter-Offer For Cairn

NEW DELHI -(Dow Jones)- India is yet to decide whether state-run Oil & Natural Gas Corp. (500312.BY) should make a counter bid to buy a stake in Cairn Energy PLC's (CNE.LN) local unit, Oil Minister Murli Deora ... (Source: Smart Money 2010-08-23T11:33:25Z)

HSBC in talks for $6.8B majority stake in Nedbank

British bank HSBC Holdings PLC said Monday it is in talks with financial group Old Mutual PLC to buy a controlling stake in Nedbank Group Ltd. of South Africa in a deal worth as much as $6.8 billion. Old Mutual said the ... (Source: AP - msnbc.com 2010-08-23T10:07:31Z)

Google likes Like.com, buys visual search team

Google has snapped up Like.com, the start-up announced last Friday, as Google puts its product-shopping search strategy on the front burner. Techcrunch, which reported a deal was in progress earlier in the week, said the ... (Source: Zd Net Asia.com 2010-08-23T00:20:32Z)

Cuba Church defends brokering prisoner release

HAVANA (AP) -- Roman Catholic officials said Friday they had a humanitarian obligation to broker a landmark deal in which Cuba promised to free 52 political prisoners - answering island opposition activists ... (Source: Associated Press 2010-08-19T23:55:28Z)

Why GM stock may lure brave investors despite economy

Would you buy stock in a company that has hemorrhaged tens of billions of dollars for years and run through four bosses in quick succession just because it's turned a profit for a few months? That is ... (Source: Cincinnati.com 2010-08-23T09:24:34Z)

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)

'The Expendables' retains crown at box office with $16.5M pull

LOS ANGELES — Sylvester Stallone's "The Expendables" fought off an onslaught of newcomers to finish on top of the weekend box office again. It remained No. 1 for a second weekend with $16.5 million ... (Source: St. Cloud Times 2010-08-23T12:09:13Z)

'Expendables' retains crown

LOS ANGELES — Sylvester Stallone's "The Expendables" fought off an onslaught of newcomers to finish on top of the weekend box office again. Lionsgate's "The Expendables" remained No. 1 for a second straight ... (Source: Hattiesburg American 2010-08-23T11:33:25Z)

Kin of political prisoner who died hold march in Cuba

HAVANA — The mother of a Cuban political prisoner who died after a hunger strike held a march in her son's honor without incident Sunday, as pro-government mobs that had broken up the demonstration for weeks ... (Source: Denver Post 2010-08-23T07:01:24Z)

2nd UPDATE: HSBC Proposes Buying Majority Stake In Nedbank

HSBC Holdings PLC (HBC), Europe's largest bank, has proposed a deal to buy majority control of South African lender Nedbank Group Ltd. (NED.JO) in a move that could help it expand its operations in growing ... (Source: Smart Money 2010-08-23T11:33:25Z)

GM IPO might lure brave despite bad economy

NEW YORK — Would you buy stock in a company that has hemorrhaged tens of billions of dollars for years and has run through three bosses in quick succession just because it has turned a profit for a few ... (Source: Lexington Herald-Leader 2010-08-23T10:50:28Z)

Sinochem and Vale approach BHP target Potash: report

By Sonali Paul and Eric Onstad MELBOURNE/LONDON (Reuters) - Potash Corp has been contacted by China's Sinochem Group and Brazil's Vale as the Canadian firm battles a hostile $39 billion takeover offer from BHP Billiton ... (Source: msnbc.com 2010-08-23T10:07:31Z)

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