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 pm

Ahead of the Bell: Warner Chilcott shares rise

Shares of Warner Chilcott PLC climbed nearly 4 percent in premarket trading Monday, the first trading day after the Irish drug maker said it had completed a loan and debt offering needed to pay a special dividend. "The ... (Source: AP - msnbc.com 2010-08-23T12:52:10Z)

Follow-Up Results from Phase 2 Trial of Genzyme's (GENZ) Eliglustat Tartrate to be ...

Genzyme Corporation (NASDAQ: GENZ ) announced today that the two-year follow-up results from the phase 2 clinical trial of its investigational therapy known as eliglustat tartrate have been accepted for publication in ... (Source: StreetInsider.com 2010-08-23T13:20:48Z)

Analysts on 3PAR (PAR) Buyout: Kaufman Says HP Offer is Steep, Janney Sees Possible ...

Kaufman Bros. - the firm said that while it understands and appreciates the strategic rationale of HP's offer, the new bid still looks "a bit steep." Kaufman warns that the CEO transition will probably continue to weigh ... (Source: StreetInsider.com 2010-08-23T19:18:42Z)

Blair denies move to form bank for the rich

Tony Blair's office described as "fatuous" on Sunday claims that the former prime minister was starting a bank for the super-rich, even though one of his companies has won approval to offer financial ... (Source: Financial Times 2010-08-21T23:53:06Z)

Global Womenswear

Many resellers don't offer refunds full stop. We're different. If you are dissatisfied with your purchase let us know within 5 working days. If we are unable to address the problem to your satisfaction we will give you a ... (Source: Just-style.com 2010-08-13T15:05:43Z)

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)

ONGC-OIL-GAIL may bid to counter Vedanta's offer for Cairn

NEW DELHI: State-owned ONGC, OIL and GAIL may make a joint bid to counter Vedanta Resources' $8.48 billion offer for majority stake in Cairn India, and have already got $10 billion in loan commitments from ... (Source: Economic Times 2010-08-23T21:56:11Z)

Tony Blair's Firm Denies Offering Financial Advice

Tony Blair Associates does not offer financial advice to its clients, a spokesman at the London-based firm tells me. It follows reports over the weekend that the former British prime minister's company ... (Source: Forbes (blog) 2010-08-23T10:50:28Z)

Stocks rise modestly to start week

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 could ... (Source: AZCentral.com 2010-08-23T13:56:35Z)

Sanderson Farms 3Q profit falls 16 pct

LAUREL, Miss.—Poultry processor Sanderson Farms Inc. said Monday that its third-quarter profit fell 16 percent as sales dipped. The results fell short of Wall Street forecasts, and its shares dropped $2.16 ... (Source: San Jose Mercury News 2010-08-23T12:02:03Z)

Consumer Electronics in South Korea

(M2 PressWIRE Via Acquire Media NewsEdge) Dublin - Research and Markets (http://www.researchandmarkets.com/research/f1655c/consumer_electroni) has announced the addition of the "Consumer Electronics in South ... (Source: TMCnet 2010-08-23T15:51:07Z)

Genzyme announces publication of phase 2 clinical trial results of eliglustat ...

Genzyme reported last year that the 52-week phase 2 trial of eliglustat tartrate had met its primary composite endpoint: a clinically meaningful response in at least two of three endpoints (improvements in ... (Source: News-Medical.Net 2010-08-23T15:29:39Z)

Apparel Retail in Asia-Pacific

Many resellers don't offer refunds full stop. We're different. If you are dissatisfied with your purchase let us know within 5 working days. If we are unable to address the problem to your satisfaction we will give you a ... (Source: Just-style.com 2010-08-10T10:22:56Z)

Nats await results on Strasburg MRI

Stephen Strasburg's right arm has the Nationals on edge again. Washington General Manager Mike Rizzo said the team will wait for results of an MRI exam on Strasburg before deciding what to do with their ... (Source: Columbia Daily Tribune 2010-08-23T21:49:02Z)

ONGC Consortium May Bid To Counter Vedanta's Offer For Stake In Cairn

(RTTNews) - State-owned Oil and Natural Gas Corporation Ltd., or ONGC, Oil India Ltd., or OIL, and Gail (India) Ltd. may submit a joint bid to counter Vedanta Resources' $8.48-billion-$9.6 billion offer for majority ... (Source: RTT News 2010-08-23T11:26:16Z)

Warner Chilcott Closes Amendment To Existing Credit Facilities; Cuts FY10, FY11 Adj ...

(RTTNews) - Warner Chilcott Plc (WCRX: News ) said it has completed an amendment to its existing senior secured credit facilities, under which it has incurred an additional $1.5 billion of new term loans. As a result of ... (Source: RTT News 2010-08-20T20:19:32Z)

Warner Chilcott declares special dividend, closes debt offer

DES MOINES, IOWA — Irish drug maker Warner Chilcott PLC said Friday it has completed a loan and a debt offering necessary to pay a special dividend of $8.50 per share that it announced last month. The company amended ... (Source: Washington Examiner 2010-08-20T23:25:39Z)

HP tops Dell's offer for 3Par

NEW YORK - Hewlett-Packard Co. is bidding $1.5 billion for data storage provider 3Par Inc., offering 33 percent more than what rival Dell Inc. agreed to pay for the company just a week earlier. The tussle for ... (Source: Tampa Bay Online 2010-08-23T21:41:52Z)

Sanderson Farms 3Q profit falls 16 pct, US

LAUREL, Miss. (AP) — Poultry processor Sanderson Farms Inc. said today that its third-quarter profit fell 16 percent as sales dipped. The results fell short of Wall Street forecasts, and its shares dropped $2.16, or 5 ... (Source: WREG 2010-08-23T13:49:26Z)

Genzyme reports positive test of Gaucher disease drug

G enzyme Corp. reported positive results today from a Phase 2 trial of a capsule intended to treat Gaucher disease. The treatment, called eliglustat tartrate, showed "clinically meaningful" improvements in ... (Source: Boston Herald 2010-08-23T23:22:05Z)

Nationals await Strasburg's MRI results (AP)

Steven Strasburg's right arm has the Nationals on edge again. Washington general manager Mike Rizzo said the team will wait for results of an MRI exam on Strasburg before deciding what to do with their injured ace right ... (Source: Bayou Buzz 2010-08-22T18:51:16Z)

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)

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)

Townhall News Dana to press KNOC to raise takeover offer: report

SEOUL (Reuters) - British oil explorer Dana Petroleum <DNX.L> will press Korea National Oil Corp to drop its 1.87 billion pound ($2.9 billion) hostile takeover bid and raise the offer in return for board ... (Source: Town Hall 2010-08-23T01:32:07Z)

HP bid tops Dell's offer for 3Par

The world's two biggest personal computer makers are locked in a pricey struggle over which can move away from the PC business the fastest. Hewlett-Packard Co. offered $1.5 billion on Monday for 3Par Inc., a ... (Source: Chicago Tribune 2010-08-23T22:53:27Z)

Blair Starts Investment Advisory Firm, Hires Bankers, Sunday Times Reports

Former U.K. Prime Minister Tony Blair started a company to offer investment services to funds and individuals, The Sunday Times reported, citing Financial Services Authority documents. Firerush Ventures No. 3 ... (Source: Bloomberg 2010-08-22T09:32:55Z)

Strasburg's 2010 fate awaits results from MRI

PHILADELPHIA (AP) -- Nationals general manager Mike Rizzo says the team will wait for results of an MRI exam on Stephen Strasburg before deciding what to do with their ace right hander. Strasburg strained a ... (Source: YES Network 2010-08-22T16:28:06Z)

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)

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)

Sanderson Farms, Inc. Reports Results for Third Quarter of Fiscal 2010

LAUREL, Miss. - (BUSINESS WIRE) - Sanderson Farms, Inc. (NASDAQ: SAFM) today reported results for the third fiscal quarter and nine months ended July 31, 2010. Net sales for the third quarter of fiscal 2010 ... (Source: Newsblaze.com 2010-08-23T11:11:57Z)

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