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 31, 2010, 4:39 am

A revival not yet complete: Five years after Hurricane Katrina, Obama commits to ...

President Barack Obama speaks Sunday at Xavier University of Louisiana in New Orleans on the fifth anniversary of Hurricane Katrina. Carolyn Kaster/Associated Press Visitors try to stay dry Sunday before a ... (Source: Temple Daily Telegram 2010-08-31T04:57:23Z)

Euro Zone August Inflation Falls; Signals Flat Rates

European Union statistics office Eurostat reported that inflation in the 16-nation currency area fell to 1.6 percent year-on-year in August from 1.7 percent in July, in line with economists' expectations and ... (Source: CNBC 2010-08-31T10:48:08Z)

Hurricane Earl strengthens to Category 4 storm

SAN JUAN, Puerto Rico - Hurricane Earl battered tiny islands across the northeastern Caribbean with heavy rain and roof-ripping winds Monday as it rapidly intensified into a major Category 4 storm taking a ... (Source: Savannah Morning News 2010-08-31T07:20:33Z)

No Deal: Buyers Will See Fewer Discounts for Cars

For years, Americans shopping for cars were treated to all sorts of deals and incentives, especially at the end of summer. Think Cash for Clunkers, which paid up to $4,500, or promotions that offered employee ... (Source: ABC News 2010-08-31T09:36:33Z)

Bank of Japan Expands Loan Program to 30 Trillion Yen

(Adds market reaction in third paragraph.) Aug. 30 (Bloomberg) -- The Bank of Japan expanded a bank- loan program, stepping up its monetary stimulus for the first time since March after the economy's ... (Source: BusinessWeek 2010-08-30T04:01:18Z)

Earl now a monster hurricane

SAN JUAN, Puerto Rico -- Hurricane Earl battered tiny islands across the northeastern Caribbean with heavy rain and roof-ripping winds Monday as it rapidly intensified into a major Category 4 storm taking a ... (Source: Everett Herald 2010-08-31T06:59:05Z)

King Abdullah, Mahmoud Abbas

FILE - In this July 26, 2010 file photo, King Abdullah II of Jordan, right, receives Palestinian President Mahmoud Abbas, left, in Amman, Jordan. The U.S. relaunches Israeli-Palestinian talks this week, its third push ... (Source: Charleston Gazette 2010-08-31T10:40:59Z)

Auto Sales in U.S. May Be Worst in 28 Years in August as Buyers Shun Deals

U.S. auto sales in August probably were the slowest for the month in 28 years as model-year closeout deals failed to entice consumers concerned the economy is worsening and they may lose their jobs ... (Source: Bloomberg 2010-08-31T04:21:36Z)

Car buyers won't see deals like 'Clunkers' for a long time as leaner automakers guard ...

DETROIT (AP) — For years, Americans shopping for cars were treated to all sorts of deals and incentives, especially at the end of summer. Think Cash for Clunkers , which paid up to $4,500, or promotions that ... (Source: Chicago Tribune 2010-08-31T09:36:33Z)

Japan's central bank boosts lending to chill yen's rise

TOKYO — The Bank of Japan convened a Policy Board meeting Monday to take new monetary easing steps to prevent further damage to the economy from the sharply rising yen and falling stock prices. The central bank will ... (Source: Joplin Globe 2010-08-30T20:36:18Z)

Intel to pay $1.4 billion for Infineon wireless unit

SAN JOSE, Calif. — In its second major deal in just over a week, Intel has agreed to buy German-based Infineon Technologies' wireless communications unit for $1.4 billion in cash, a move the Santa Clara ... (Source: Bend Bulletin 2010-08-31T10:55:18Z)

Earl threatens US Coast after hitting Caribbean

Hurricane Earl, now a powerful Category 4 storm, barreled toward the U.S. coast early Tuesday after battering tiny islands across the northeastern Caribbean with heavy rain and winds that damaged homes and toppled power ... (Source: AP - msnbc.com 2010-08-31T11:02:27Z)

Intel buying German chipmaker Infineon's wireless operations for US$1.4B in cash

(Canadian Press DataFile Via Acquire Media NewsEdge) NEW YORK _ Intel Corp. is buying the wireless communications unit of Germany's Infineon Technologies AG for US$1.4 billion in cash, the second deal in as ... (Source: TMCnet 2010-08-31T10:55:18Z)

Bank of Japan's Shirakawa Returns Early to Tokyo Amid Reports of Meeting

Bank of Japan Governor Masaaki Shirakawa returned to Tokyo today, cutting short a visit to the U.S. following reports the central bank is considering holding an emergency meeting. Shirakawa decided to return a ... (Source: Bloomberg 2010-08-29T14:10:57Z)

Faruqi & Faruqi, LLP Announces Investigation Related To The Acquisition Of Cogent ...

Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Cogent, Inc. ("Cogent" or the "Company") (NasdaqGS: COGT) for ... (Source: Street.Com 2010-08-30T19:24:43Z)

Eurozone inflation eases in August to 1.6 percent

LONDON—Inflation in the 16 countries that use the euro fell in August, official figures showed Tuesday, reinforcing market expectations that the European Central Bank will not be raising borrowing costs this ... (Source: San Jose Mercury News 2010-08-31T10:05:11Z)

World stocks retreat as Nikkei slides

BANGKOK -- World markets sank yesterday as a strong yen pummeled Japanese shares to a 16-month low and pessimism about the U.S. economy intensified. Japan's Nikkei 225 stock average led declines, diving 325.20 ... (Source: Richmond Times-Dispatch 2010-08-31T09:50:52Z)

Cogent (COGT) Acquired By 3M (MMM) For $10.50/Share

Cogent Inc. (NASDAQ: COGT ) said Monday that it has agreed to be acquired by diversified manufacturer 3M Co. (NYSE: MMM ) in a deal worth more than $900 million. According to the terms of the deal, 3M will pay $10.50 per ... (Source: StreetInsider.com 2010-08-30T13:19:39Z)

Background on the President's Event in New Orleans for the Anniversary of Hurricane Katrina

Background on the President's Event in New Orleans for the Anniversary of Hurricane Katrina Xavier University of Louisiana New Orleans, Louisiana Sunday, August 29, 2010 On Sunday, August 29, the President, the ... (Source: Whitehouse.gov (press release) 2010-08-26T17:27:47Z)

Top Stock Deals of the Day (MMM, COGT, INTC, IFNNY)

3M Company (NYSE:MMM) , on Monday has announced that it the company has reached an agreement with Cogent, Inc. (NASDAQ:COGT) to acquire the later and valued that deal at $943 million or $10.50 per share. Subscribe to ... (Source: Transworld News 2010-08-30T16:25:46Z)

Israeli-Palestinian talks reopen this week under most difficult conditions yet

RAMALLAH, WEST BANK — The U.S. relaunches Israeli-Palestinian talks this week, its third push over the past decade to solve one of the world's most intractable conflicts — and this time under some of the most ... (Source: Washington Examiner 2010-08-31T06:30:27Z)

Victims of Hurricane Katrina remembered 5 years later

NEW ORLEANS (KFSN) -- Five years ago today, Hurricane Katrina hit the gulf coast. To mark this somber anniversary, President Obama will speak at Xavier University in New Orleans about the rebuilding effort as well as the ... (Source: KABC 2010-08-29T22:46:20Z)

Eurozone inflation rate eases in August to 1.6 pct; unemployment in July unchanged at ...

LONDON (AP) — Inflation in the 16 countries that use the euro fell in August, official figures showed Tuesday, reinforcing market expectations that the European Central Bank will not be raising borrowing ... (Source: Los Angeles Times 2010-08-31T10:05:11Z)

Asian markets dip on economic woes; Yen favoured

FXstreet.com (Barcelona) - Asian Markets are going through a negative session on Tuesday on general disappointment about the monetary policy me4asures by the Bank of Japan to activate the country's economy, and grim ... (Source: FXStreet.com 2010-08-31T06:08:58Z)

Hurricane Earl On Path Toward U.S. East Coast

Hurricane Earl, now a powerful Category 4 storm, barreled toward the U.S. coast early Tuesday after battering tiny islands across the northeastern Caribbean with heavy rain and winds that damaged homes and ... (Source: NPR News 2010-08-31T11:02:27Z)

Israeli-Palestinian talks to reopen

RAMALLAH, West Bank - The U.S. relaunches Israeli-Palestinian talks this week, its third push over the past decade to solve one of the world's most intractable conflicts - and this time under some of the most difficult ... (Source: Athens Banner-Herald 2010-08-31T07:27:43Z)

Earl, a Category 4 hurricane, on course toward US East Coast after battering ...

SAN JUAN, Puerto Rico - Hurricane Earl, now a powerful Category 4 storm, barreled toward the U.S. coast early Tuesday after battering tiny islands across the northeastern Caribbean with heavy rain and winds ... (Source: Minneapolis Star Tribune 2010-08-31T11:02:27Z)

Asian shares rise; Central bank hopes power Nikkei

Asian stock markets advanced in early trading Monday, with Japan's benchmark jumping more than 3 percent after the central bank called an emergency policy board meeting. The Nikkei 225 stock average surged 3.2 ... (Source: Forbes 2010-08-30T03:04:02Z)

Intel keeps buying with $1.4B deal for smart phone chip maker

SAN JOSE, Calif. — In its second major deal in just over a week, Intel has agreed to buy German-based Infineon Technologies' wireless communications unit for $1.4 billion in cash, a move the Santa Clara ... (Source: Cape Cod Times 2010-08-31T06:16:08Z)

Hurricane Earl now a Category 4, threatens East Coast; Tropical Storm Fiona forms

SAN JUAN, Puerto Rico (AP) -- Hurricane Earl battered tiny islands across the northeastern Caribbean with heavy rain and roof-ripping winds Monday, rapidly intensifying into a major Category 4 storm on a path ... (Source: NW Florida Daily News 2010-08-31T02:12:45Z)

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