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 26, 2010, 12:39 pm

Buffett's company offers to buy rest of Wesco unit

(AP) OMAHA, Neb. - Warren Buffett's company said Thursday it will offer to buy the roughly 1.4 million shares it doesn't already own of its subsidiary Wesco Financial Corp., and the news sent Wesco's stock soaring ... (Source: KSTP 2010-08-26T03:58:53Z)

BP boss shuns Lockerbie hearing

The outgoing chief executive of BP has refused US officials' requests to appear at a hearing next month over the release of the Libyan man convicted of bombing Pan Am Flight 103 over Lockerbie. Tony Hayward told Senator ... (Source: The Guardian 2010-08-26T18:32:12Z)

Harry Winston closes Kinross deal, ups Diavik stake

Under the deal, announced late last month, the diamond miner and retailer is paying $220 million to buy back the 9 percent indirect interest it sold to Kinross in an attempt to boost its balance sheet at a time when the ... (Source: Inside Fidelity 2010-08-25T22:58:15Z)

Kinross Gold sells interest in Canada's largest diamond Mine in deal valued at $220 ...

NEW YORK (AP) — Kinross Gold Corp. on Wednesday sold its indirect interest in Canada's largest diamond mine in a previously announced deal worth $220 million in cash, stock and a note. The Toronto-based gold ... (Source: Chicago Tribune 2010-08-25T22:58:15Z)

Casey's $500 Mln Share Buyback Offer Gets Strong Response - Update

(RTTNews) - Convenience store operator Casey's General Stores Inc. (CASY: News ) Thursday revealed an overwhelming response for its "Dutch auction" self-tender offer that expired yesterday. Based on a preliminary count ... (Source: RTT News 2010-08-26T15:11:46Z)

Casey's Sees Strong Response To $500M Stock-Buyback Offer

Casey's General Stores Inc. (CASY) reported a strong response to its $500 million stock-buyback effort, with the amount of stock tendered outstripping the maximum set by the convenience-store chain. The Dutch ... (Source: Wall Street Journal 2010-08-26T12:34:17Z)

BHP Makes Hostile Bid for Potash Corp.

While Marius Kloppers, BHP's chief executive, described the $130-a-share offer as attractive, particularly given that it was an all-cash bid, Potash investors signaled that they expected more. Potash shares ... (Source: New York Times 2010-08-19T00:39:36Z)

Platini refutes calls for video technology

MONACO, Monaco - UEFA president Michel Platini still believes video technology is not required to help referees, arguing that using five officials should be enough to spot a penalty, handball or whether the ball crosses ... (Source: Metronews.ca 2010-08-26T17:27:47Z)

Berkshire Hathaway Buying out Westco

It seems like Warren Buffett is finally buying Charlie Munger 's company out. This piece comes from AP: OMAHA, Neb. (AP) -- Warren Buffett 's company is offering to buy all the shares it doesn't already own ... (Source: GuruFocus 2010-08-26T17:56:25Z)

UEFA president: Referees don't need video help

MONACO (AP) -- The head of European soccer says referees do not need an assist from video technology. UEFA president Michel Platini insists a system using five officials should be enough to spot a penalty ... (Source: CNN Sports Illustrated 2010-08-26T16:51:59Z)

Daniel McCutchen leads Pirates past Cardinals

— PITTSBURGH — Daniel McCutchen pitched six shutout innings for his third victory as a major league starter, Neil Walker tripled with the bases loaded and the Pittsburgh Pirates dealt the St. Louis Cardinals another ... (Source: Cumberland Times-News 2010-08-26T12:19:58Z)

BP delays oil exploration in Libya

LONDON, ENGLAND (Commodity Online): British oil company BP delayed oil exploration in deep waters off the coast of Libya to ensure drilling there is safe, a company spokesman said. BP landed a deal in 2007 to explore for ... (Source: Commodity Online 2010-08-13T08:03:22Z)

Harry Winston closes Diavik deal

Harry Winston (HW.TO: Quote ) said on Wednesday it had closed a deal to reinstate its 40 percent ownership in the Diavik diamond mine in northern Canada by buying back the interest it sold to Kinross Gold (K.TO: Quote ... (Source: Mineweb 2010-08-26T13:31:33Z)

Dell outbids HP for 3Par buyout

SEATTLE — Dell Inc. said Thursday that data storage maker 3Par Inc. has accepted its raised buyout bid of $1.52 billion, after the computer maker topped an offer from rival Hewlett-Packard Co. HP and Dell ... (Source: Star-Press 2010-08-26T14:00:11Z)

Spurs beats Young Boys to reach Champions League

L ONDON — Peter Crouch scored a hat trick in a 4-0 victory over Swiss side Young Boys on Wednesday to lead Tottenham into the Champions League group stage for the first time. Crouch's first goal — a header from ... (Source: Boston Herald 2010-08-26T15:04:37Z)

Cards lose to lowly Pirates

PITTSBURGH – The St. Louis Cardinals have seven more games remaining on this road trip, all against losing-record teams. Uh oh. Daniel McCutchen pitched six shutout innings for his third victory as a major league ... (Source: Fort Wayne Journal Gazette 2010-08-26T14:43:08Z)

BP delays Libya oil exploration

LONDON, Aug. 12 (UPI) -- British oil company BP delayed oil exploration in deep waters off the coast of Libya to ensure drilling there is safe, a company spokesman said. BP landed a deal in 2007 to explore for ... (Source: United Press International 2010-08-12T13:05:12Z)

Berkshire Hathaway offers to buy 19.9 pct of stock in Wesco Financial it doesn't ...

OMAHA, Neb. (AP) — Warren Buffett 's company is offering to buy all the shares it doesn't already own of its subsidiary Wesco Financial. Berkshire Hathaway Inc. says it will offer a combination of cash and ... (Source: Chicago Tribune 2010-08-26T17:13:28Z)

Judge weighs Hertz merger with Dollar Thrifty

WILMINGTON, De. -- Attorneys representing shareholders of Dollar Thrifty Automotive Group asked a Delaware judge on Wednesday to delay a vote on the rental car company's proposed $1.2 billion acquisition by Hertz Global ... (Source: KABC 2010-08-26T13:02:55Z)

Champions League: Spurs crush Young Boys; Ajax beats Kiev

PARIS -- Tottenham, inspired by a Peter Crouch hat trick, crushed unheralded Swiss outfit Young Boys and former European champion Ajax overcame Dynamo Kiev in Champions League play-off action yesterday. Joining this pair ... (Source: BusinessWorld Online 2010-08-26T15:54:43Z)

Dell Offers $1.6 Billion for 3Par, Topping HP's Bid

(Adds previous bids in second paragraph.) Aug. 26 (Bloomberg) -- Dell Inc. raised its bid for 3Par Inc. to $1.6 billion, topping Hewlett-Packard Co.'s offer in the bidding war for the storage maker. Dell is ... (Source: BusinessWeek 2010-08-26T12:55:46Z)

Pirates deal Cards another defeat

PITTSBURGH - The spoiler role was enough the last couple of nights for the Pirates, when they turned in two of their most complete games this season. Fill-in starter Daniel McCutchen pitched six scoreless innings and ... (Source: Herald-Star 2010-08-26T12:34:17Z)

Casey's Announces Preliminary Results of "Dutch auction" Self Tender Offer

Casey's General Stores, Inc. ("Casey's" or the "Company") (NASDAQ: CASY) today announced the preliminary results of its modified "Dutch auction" self tender offer (the "Offer"), which expired on ... (Source: PR Inside 2010-08-26T12:27:08Z)

UEFA president Michel Platini still refuting calls for video technology, keeps faith ...

MONACO — UEFA president Michel Platini still believes video technology is not required to help referees, arguing that using five officials should be enough to spot a penalty, handball or whether the ball ... (Source: Republic 2010-08-26T15:47:34Z)

BHP Billiton Says Will Be Disciplined About Potash Bid

LONDON -(Dow Jones)- BHP Billiton Ltd ( BHP ) will remain "disciplined" about its $38.6 billion offer for Potash Corp. of Saskatchewan Inc. ( POT ), said the chief executive of the world's largest mining ... (Source: FOXBusiness 2010-08-25T15:27:16Z)

Tottenham V Young Boys Bern Football Preview: UEFA Champions League

Spurs will be looking to avenge their 3-2 first-leg loss suffered in Switzerland, and continue with the kind of form that gifted them a 2-1 victory against Stoke on Saturday at the Britannia Stadium Tottenham will need ... (Source: Bleacherreport.com 2010-08-23T08:34:28Z)

BHP Chief on the Road to Defend Bid for Potash

Marius Kloppers, the chief executive of BHP Billiton, has shown his shareholders that the world's largest mining company is in good financial shape. Now he has to prove the same about BHP's hostile offer for the Potash ... (Source: Yahoo Finance 2010-08-26T05:46:16Z)

Judge eyes vote on Dollar Thrifty-Hertz deal

A shareholder vote planned for Sept. 16 on Hertz Global Holdings Inc.'s $1.27 billion bid for Dollar Thrifty Automotive Group could be stopped by a Delaware Chancery Court judge. Meanwhile, a source close to ... (Source: Tulsa World 2010-08-26T01:07:05Z)

Dell Offers $1.6 Billion for 3Par, Topping HP's Bid: Video

Aug. 26 (Bloomberg) -- Dell Inc. raised its bid for 3Par Inc. to $1.6 billion, topping Hewlett-Packard Co.'s offer in the bidding war for the storage maker. Dell is offering $24.30 a share and 3Par has ... (Source: Bloomberg 2010-08-26T13:38:43Z)

Rental car rivals both eye Dollar

WILMINGTON, Del. – Attorneys representing shareholders of Dollar Thrifty Automotive Group asked a Delaware judge Wednesday to delay a vote on the rental car company's proposed $1.2 billion acquisition by Hertz Global ... (Source: Fort Wayne Journal Gazette 2010-08-26T09:06:42Z)

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