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 24, 2010, 1:40 pm

UPDATE 1-American Capital reports $3 mln gain on sale of Narus

Aug 23 (Reuters) - American Capital Ltd ( ACAS.O ), a private equity firm and asset manager, said it realized a gain of $3 million during the third quarter from its sale of software-maker Narus to Boeing Co ... (Source: Reuters 2010-08-24T10:42:08Z)

Stocks fluctuate on M&A activity, economic worries

Stocks are fluctuating as a fresh round of corporate dealmaking was tempered by continued skepticism about the strength of the economy. Stocks got an early lift Monday after a spate of new deals were announced, but the ... (Source: AP - msnbc.com 2010-08-23T15:43:58Z)

PotashCorp to review BHP hostile takeover bid

Canadian fertilizer producer Potash Corp. said Friday its board of directors will review the $38.5 billion hostile takeover bid from BHP Billiton Ltd., shortly after BHP formally launched its offer. Potash Corp., the ... (Source: AP - msnbc.com 2010-08-20T15:40:22Z)

AIG uses proceeds from debt sale to repay $4 billion in federal loans

In its single biggest repayment of bailout loans so far, American International Group Inc. said Monday it is paying back nearly $4 billion in taxpayer aid with proceeds from a recent debt sale. The insurer's ... (Source: Buffalo News 2010-08-24T11:32:14Z)

MLB owners approve sale of Rangers

MINNEAPOLIS — Nolan Ryan and Chuck Greenberg have no more courtrooms to enter, no more briefs to file, no more bidding wars to win. At long last, their pursuit of the Texas Rangers is over, and both are ... (Source: Pittsburgh Tribune-Review 2010-08-13T06:30:19Z)

Suit Filed To Stop Sale Of Disputed Ansel Adams Photographs

OAKLAND, Calif. -- There was a new twist Monday in the battle to determine whether some glass negatives are really of photos taken by famed nature photographer Ansel Adams. A group representing the late ... (Source: FOX Reno 2010-08-24T06:53:04Z)

FARC rebels seek 'political solution' to Colombia conflict

Colombia's largest insurgent group asked the Union of South American Nations (UNASUR) to help resolve the country's decades-old political struggle in a open letter published Wednesday. "Although the government ... (Source: Washington Times 2010-08-23T21:06:05Z)

Stocks: Market fluctuates on M&A activity, economic worries

NEW YORK — Stocks fluctuated Monday as a fresh round of corporate dealmaking was tempered by continued skepticism about the strength of the economy. Stocks got an early lift after a spate of new deals were ... (Source: Tulsa World 2010-08-23T16:26:55Z)

Ansel Adams Trust Sues to Stop Sale of Garage Sale Images

The Ansel Adams Publishing Trust, which owns the copyright to Ansel Adams' work and his trademark, has filed suit to stop Rick Norsigian and his lawyer from selling prints made from negatives that Norsigian ... (Source: Photo District News 2010-08-24T15:14:08Z)

Fertilizer producer Agrium reaches deal to buy Australian grain producer AWB for $1.1 ...

NEW YORK (AP) — Agrium says that Australian grain producer AWB is recommending that its shareholders take its offer of nearly $1.1 billion cash. Agrium, one of the largest fertilizer makers in North America ... (Source: Los Angeles Times 2010-08-24T12:00:52Z)

HP offers $1.5b for 3Par, topping Dell's offer

SAN FRANCISCO — 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 ... (Source: Boston Globe 2010-08-24T07:21:42Z)

Colombia's FARC rebels offer to discuss conflict with forum of South American leaders

BOGOTA, Colombia (AP) — Colombia's largest rebel group is offering dialogue on the country's conflict, saying in an Internet posting Monday that it is willing to present its ideas to a forum of South ... (Source: Fort Lauderdale Sun-Sentinel 2010-08-23T22:31:59Z)

Monster Worldwide closes $225 million acquisition of HotJobs site from Yahoo

NEW YORK — Monster Worldwide Inc. closed its $225 million acquisition of online help-wanted site HotJobs, the company said Tuesday Yahoo announced the sale of HotJobs to Monster back in February, part of an effort ... (Source: Washington Examiner 2010-08-24T13:55:24Z)

Pirates president Frank Coonelly says team's $120 million debt manageable, not ...

PITTSBURGH — Team president Frank Coonelly says the Pittsburgh Pirates' debt — $120 million as of a year ago — is manageable and the franchise is in far better financial shape than it was a few seasons ago ... (Source: San Francisco Examiner 2010-08-24T19:53:19Z)

American Capital says it got $12M for Narus sale

American Capital Ltd. said on Monday that it took in $12 million from selling one of its companies, cybersecurity firm Narus, to Boeing Co. American Capital said that it took in $21 million on the deal if investments in ... (Source: AP - msnbc.com 2010-08-23T20:51:46Z)

Summary Box: AWB board favors $1.1B Agrium bid

THE ANNOUNCEMENT: Australian grain producer AWB Ltd. has recommended that its shareholders take a buyout offer from Agrium worth nearly $1.1 billion cash, Agrium said Tuesday. THE MOVE: Agrium, one of the largest ... (Source: AP - msnbc.com 2010-08-24T13:19:36Z)

PotashCorp puts BHP snub in writing

LONDON (SHARECAST) - Potash Corporation of Saskatchewan has formally rejected the hostile $40bn (£26bn) offer made by Anglo-Australian miner BHP Billiton last week. The world's largest fertiliser producer called the ... (Source: ShareCast 2010-08-23T14:03:45Z)

Agrium, AWB reach $1.1 billion deal for AWB buyout

Agrium says that Australian grain producer AWB is recommending that its shareholders take its offer of nearly $1.1 billion cash. Agrium, one of the largest fertilizer makers in North America, appeared Tuesday to have ... (Source: AP - msnbc.com 2010-08-24T12:00:52Z)

Colombia rebels propose talks with regional bloc

BOGOTA (Reuters) - Colombia's FARC guerrillas have proposed holding talks with the regional group Unasur as a step toward negotiating an end to their four-decade-old war, but the government rejected the offer ... (Source: Reuters 2010-08-23T20:01:39Z)

Dell likely to raise 3PAR bid to fend off HP-report

NEW YORK/SAN FRANCISCO (Reuters) - Shares in Dell Inc dived more than 5 percent on a report the PC maker is preparing to sweeten its bid for 3PAR Inc, after its offer was trumped by larger rival Hewlett ... (Source: FOXBusiness 2010-08-24T19:53:19Z)

Ansel Adams trust sues over garage sale negatives

A group representing Ansel Adams sued a Fresno man Monday for selling prints and posters under the name of the famed nature photographer, the latest salvo in a dispute over glass negatives bought at a garage sale and ... (Source: AP - msnbc.com 2010-08-24T16:40:02Z)

Stocks flat on M&A activity, economy

NEW YORK - Stocks fluctuated Monday as a fresh round of corporate dealmaking was tempered by continued skepticism about the strength of the economy. Stocks got an early lift after a spate of new deals were ... (Source: AZCentral.com 2010-08-23T15:15:20Z)

Private Equity Watch: American Capital Receives $12 Million From Narus Deal

August 24, 2010 (FinancialWire) -- American Capital Ltd. (NASDAQ: ACAS | PowerRating ) said it received $12 million in proceeds and realized a gain of $3 million during the third quarter from a July 29 ... (Source: TradingMarkets.com 2010-08-24T07:57:29Z)

Monster Worldwide Closes Acquisition Of HotJobs; Inks 3-Yr Commercial Traffic Deal ...

(RTTNews) - Monster Worldwide Inc. (MWW: News ) announced the completion of its acquisition of Yahoo! HotJobs, an online recruitment website, from Yahoo! for $225 million in cash. Concurrent with the closing of the ... (Source: RTT News 2010-08-24T13:12:27Z)

AIG reduces debt with sale

The insurer's aircraft leasing company, International Lease Finance Corp., completed the sale of $4.4 billion in debt. AIG will use more than $3.9 billion of the proceeds to repay the Federal Reserve Bank of ... (Source: News-Leader.com 2010-08-24T07:57:29Z)

Monster Worldwide closes deal for HotJobs

Monster Worldwide Inc. closed its $225 million acquisition of online help-wanted site HotJobs, the company said Tuesday Yahoo announced the sale of HotJobs to Monster back in February, part of an effort under CEO Carol ... (Source: AP - msnbc.com 2010-08-24T13:41:05Z)

HP's $1.5B bid for 3Par tops Dell offer

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: Philadelphia Daily News 2010-08-24T07:00:13Z)

Pirates: $120M debt manageable, club in better shape

PITTSBURGH -- Team president Frank Coonelly says the Pittsburgh Pirates' debt -- $120 million as of a year ago -- is manageable and the franchise is in far better financial shape than it was a few seasons ago. According ... (Source: CBS Sports 2010-08-24T20:00:28Z)

Townhall News PotashCorp to review BHP hostile takeover bid

Canadian fertilizer producer Potash Corp. said Friday its board of directors will review the $38.5 billion hostile takeover bid from BHP Billiton Ltd., shortly after BHP formally launched its offer. Potash ... (Source: Town Hall 2010-08-20T15:40:22Z)

AIG to repay $4 billion in federal bailout funds

In its single biggest repayment of bailout loans so far, American International Group Inc. said Monday it is paying back nearly $4 billion in taxpayer aid with proceeds from a recent debt sale. The insurer's ... (Source: Tacoma News Tribune 2010-08-24T16:47:12Z)

Blog Archive