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 27, 2010, 7:40 am

Berkshire Hathaway offers to buy rest of Wesco Financial it doesn't already own

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 12 per cent ... (Source: Insurance News Net 2010-08-27T09:12:40Z)

Katrina Five Years After: Hurricane Devastated Political Futures as Well as New ...

Five years ago, Hurricane Katrina devastated the Gulf region, killing nearly 2,000 and displacing more than 250,000 others from Louisiana to Florida. This week, in a series titled "Hurricane Katrina: Five ... (Source: FOX News 2010-08-27T14:06:09Z)

Southern California Edison and Southern California Gas Co announce availability of ...

Electric utility Southern California Edison (SCE) and natural gas utility Southern California Gas Co (The Gas Company) said on Wednesday that customers experiencing financial hardship may apply for assistance ... (Source: TradingMarkets.com 2010-08-26T09:35:20Z)

SCE, Gas Co. offer assistance program

Southern California Edison and the Southern California Gas Co. are encouraging customers experiencing financial hardship to apply for assistance through a new state program called Temporary Energy Assistance ... (Source: San Gabriel Valley Tribune 2010-08-26T01:50:02Z)

The View from Mudsock Heights: Pay-As-You-Go Cellular Service Has Gotten Cheap!

Some of you may remember when it was a very big deal to make a long-distance telephone call. I have actual photographs of my grandparents, on the occasion of their golden wedding anniversary in 1956, at the telephone ... (Source: Open For Business 2010-08-27T05:09:17Z)

Somaxon Will Do More Than Just Collect Checks in P&G Deal

Somaxon Pharmaceuticals ( SOMX ) has finally delivered a deal on Silenor, and it is an unusual one. For a fixed fee and royalties, Somaxon has hired the OTC sales force of consumer products giant Procter & Gamble ( PG ... (Source: Seekingalpha.com 2010-08-27T12:25:57Z)

Sinofert exec says BHP bid for Potash to have big impact

HONG KONG, Aug 26 (Reuters) - China's largest fertiliser distributor Sinofert Holdings Ltd is "very concerned" about BHP Billiton Plc's $38.6 billion takeover offer for Potash Corp, and believes the potential deal will ... (Source: The Guardian 2010-08-26T08:02:16Z)

Corporate report

Berkshire Hathaway Inc. -- Warren Buffett's company will offer to buy the roughly 1.4 million shares it does not already own of its subsidiary Wesco Financial Corp., and the news sent Wesco's stock soaring 11 percent ... (Source: Herald Tribune 2010-08-27T05:23:36Z)

New Improved NUX offer

Average quality rating by the Stockhouse community. New Pacific Metals Corp. (TSX VENTURE: NUX) ("New Pacific"), announces that it will file with the applicable securities regulators and will commence mailing an ... (Source: Stockhouse 2010-08-26T13:45:52Z)

Prepaid Biz Gets Sprint Shares Easily Above $5

U.S. wireless giant Sprint is aggressively pursuing prepaid customers, a market where it competes mainly with AT&T and Verizon . Sprint moved to strengthen its prepaid business by acquiring Virgin Mobile late ... (Source: Forbes (blog) 2010-08-26T19:15:09Z)

New Assistance Program Offers Grants up to $1500 for Southern California Edison and ...

Southern California Edison (SCE) and Southern California Gas Co. (The Gas Company) encourage customers experiencing financial hardship to apply for assistance through a new state program called Temporary Energy ... (Source: PR-USA.net 2010-08-26T12:41:27Z)

Outdoor Channel Expands Global Reach

TEMECULA: Outdoor Channel is to launch in Asia through an exclusive broadcast agreement with Multi Channels Asia (MCA), whle a new deal with Chello Zone takes the channel across Europe, the Middle East and Africa ... (Source: World Screen News 2010-08-26T17:34:56Z)

Buffett seeks what's left of Wesco

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. Berkshire Hathaway Inc. says it will offer a ... (Source: Omaha World-Herald 2010-08-27T08:15:24Z)

Somaxon Strikes Deal with P&G

Somaxon Pharmaceuticals Inc. (NasdaqCM: SOMX) shares received a major boost recently with the company entering into a co-promotional deal with Procter & Gamble (NYSE: PG - News ) for its insomnia treatment Silenor ... (Source: Yahoo Finance 2010-08-26T16:59:09Z)

Corrected: Sinofert Says BHP Bid for Potash to Have Big Impact

HONG KONG (Reuters) - China's largest fertilizer distributor Sinofert Holdings Ltd is "closely watching" BHP Billiton Plc's $38.6 billion takeover offer for Potash Corp, and believes the potential deal will ... (Source: ABC News 2010-08-26T09:42:29Z)

New Orleans optimistic 5 years after Hurricane Katrina

(NECN: Karen Swensen, New Orleans, LA) - It's now been 5 years since Hurricane Katrina ravaged Louisiana, and some New Orleans residents are feeling stronger. But as some look to the future, other residents are still ... (Source: NECN 2010-08-27T12:47:25Z)

What If Hurricane Katrina Hit New Orleans Today?

Five years ago, Hurricane Katrina ravaged New Orleans with a 28-foot (8.5 meter) storm surge and 2 feet (61 centimeters) of rainfall. The water easily breached the city's old levee system in about 50 places and damaged ... (Source: msnbc.com 2010-08-27T14:13:19Z)

MEDIA: Outdoor Channel expands outside U.S. for first time

TEMECULA ---- Outdoor Channel Holdings Inc., which owns and operates the Outdoor Channel television network, announced plans Thursday to expand its global footprint by about 1.55 million homes through two new broadcast ... (Source: North County Times 2010-08-26T23:18:32Z)

BIG NEWS--- NUX INCREASES OFFER

Average quality rating by the Stockhouse community. Vancouver, British Columbia (August 26, 2010) - New Pacific Metals Corp. (TSXV: "NUX.V") ("New Pacific") , announces that it will file with the applicable securities ... (Source: Stockhouse 2010-08-26T17:49:15Z)

New Pacific Metals Raises Offer To Buy Tagish Lake - Update

(RTTNews) - Canadian mineral exploration company New Pacific Metals Corp. (NUX.V: News ) Thursday said that it has raised its offer to acquire high-grade gold-silver explorer Tagish Lake Gold Corp.(TLG.V) and extended ... (Source: RTT News 2010-08-26T15:33:15Z)

Labor Day weekend: AAA says more people will hit the road

The organization said Thursday it expects 34.4 million people to travel at least 50 miles from home between Thursday Sept. 2 and Monday Sept. 6. That's up nearly 10 percent from 2009. The survey predicts most people will ... (Source: Today's THV 2010-08-25T20:06:27Z)

HP Tops Dell in 3Par Bidding With $2 Billion Offer

(Updates with analyst's comment in third paragraph.) Aug. 27 (Bloomberg) -- Hewlett-Packard Co. topped Dell Inc. in the bidding for 3Par Inc. for the third time, agreeing to pay $30 a share or $2 billion for the data ... (Source: BusinessWeek 2010-08-27T14:06:09Z)

Dell bids $1.8 billion for 3Par, matching HP's offer

Dell Inc. matched Hewlett-Packard Co. 's acquisition bid for 3Par Inc. by agreeing to pay $1.8 billion for the computer-storage company, marking the fifth public offer in an escalating bidding war. Dell ... (Source: Los Angeles Times 2010-08-27T14:13:19Z)

Somaxon Pharmaceuticals, Procter & Gamble Sign Insomnia Drug Co-promotion Deal ...

(RTTNews) - Specialty pharmaceutical company Somaxon Pharmaceuticals, Inc. (SOMX: News ) Wednesday said it has entered into a co-promotion agreement with Procter & Gamble (PG: News ) for Silenor, or doxepin, a newly ... (Source: RTT News 2010-08-25T11:16:44Z)

Sinofert 'very concerned' over BHP bid for Potash

C hina's largest fertiliser distributor Sinofert Holdings Ltd is "very concerned" about BHP Billiton Plc's $38.6-billion (U.S.) takeover offer for Potash Corp, and believes the potential deal will have a big ... (Source: Globe and Mail 2010-08-26T10:46:55Z)

Labor Day travel to rise from last year, AAA projects

Courtesy of The Westin Diplomat Resort & Spa in Hollywood, Fla. More Floridians are expected to travel this Labor Day weekend than last, with 1.6 million to take a trip of 50 miles or more away from home — up 3.9 ... (Source: Sun-Sentinel (blog) 2010-08-25T20:27:55Z)

HP Raises Offer for 3Par, Escalating Bidding War With Dell

Hewlett-Packard Co. said it boosted its proposal to acquire 3Par Inc. to $30 a share, or an enterprise value of $2 billion. The move came after Dell Inc. earlier today boosted its bid for 3Par to $27 a share ... (Source: Bloomberg 2010-08-27T13:37:31Z)

Outdoor Channel to launch in Asia, Europe

Multi Channels Asia, a Singapore-based distributor of TV networks, will have exclusive rights to distribute Outdoor Channel in Asia starting in October. The deal will make Outdoor Channel initially available to ... (Source: Macon Telegraph 2010-08-27T02:10:20Z)

Labor Day holiday travel expected to increase by nearly 9 percent

Labor Day Holiday Travel is projected to increase in Texas by nearly nine percent and in all areas of the country by close to ten percent as the 2010 Summer Travel Season comes to a close. AAA Texas is ... (Source: Cleveland Advocate 2010-08-27T06:20:52Z)

Virgin Mobile set to offer $40 unlimited mobile broadband pricing plan

Virgin Mobile USA has upped the ante on unlimited mobile broadband pricing. The Sprint ( NYSE:S ) prepaid unit is set to launch pay-as-you-go mobile broadband plan for $40 per month, according to Virgin Mobile ... (Source: FierceBroadbandWireless 2010-08-23T03:40:58Z)

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