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 4, 2010, 10:40 pm

AOL Inc. posts billion-dollar loss after sales of Bebo, ICQ

Former Internet giant AOL Inc. posted a $1.06-billion loss Wednesday resulting largely from an accounting charge triggered by its recent sale of social networking company Bebo Inc. AOL, which was spun off by Time Warner ... (Source: Los Angeles Times 2010-08-04T22:11:34Z)

Chelsea set sign Ramires 

Chelsea have agreed to sign Brazil midfielder Ramires from Benfica for a fee of 22 million euros, the Portuguese club said today. The deal is subject to the 23 year-old passing a medical at the English Premier League ... (Source: ONE News 2010-08-04T23:08:50Z)

Continued: Berlusconi faces first test in Italian Parliament after breakup with ally

ROME - Premier Silvio Berlusconi faced a showdown in parliament after the breakup with a key ally, as lawmakers began voting Wednesday on an opposition censure motion against a government official implicated in a ... (Source: Minneapolis Star Tribune 2010-08-04T16:35:08Z)

Free vaccines for college students

WESTAMPTON — The Burlington County Health Department is urging college-bound students to take advantage of a free vaccination before heading off to school. The department announced this week that it is ... (Source: Burlington County Times 2010-08-03T20:39:42Z)

D.C. Poor Eligible For Discount On Medical Marijuana

An employee prepares packets of marijuana for sale at the San Francisco Medical Cannabis Clinic. The District of Columbia has passed a medical marijuana law that requires the drug to be provided at a discount to poor ... (Source: NPR News 2010-08-04T21:50:05Z)

National Book Store Chain Up For Sale

Barnes and Noble is considering a sale, of the entire company. Possible buyers are said to include an investment group that the retailer's founder would join. The world's largest bookseller said that its board is ... (Source: WOWT 2010-08-04T21:57:15Z)

Dollar Thrifty Tells Avis Why It's Going With Hertz Deal

Law360, New York (August 04, 2010) -- The CEO of Dollar Thrifty Automotive Group Inc. has told Avis Budget Group Inc. that its July $1.33 billion offer for the company came up short because Avis failed to provide ... (Source: site.law360.com 2010-08-04T18:58:17Z)

Italy's premier survives no-confidence vote

ROME (AP) -- Premier Silvio Berlusconi on Wednesday survived his first test in parliament since the breakup with a powerful ally, a victory that leaves his conservative government safely in place at least ... (Source: Associated Press 2010-08-05T04:16:38Z)

Hertz CEO offers more details on Dollar Thrifty deal

Hertz Global Holdings Inc. could achieve at least $180 million in cost savings not long after acquiring Tulsa-based Dollar Thrifty Automotive Group, Hertz's CEO said Wednesday. Mark Frissora, who also serves ... (Source: Tulsa World 2010-08-04T23:37:28Z)

Barnes & Noble may put itself up for sale

NEW YORK - Book retailer Barnes & Noble Inc. said its shares have slumped so low it may put itself on the block - possibly selling the chain to an investment group that would include its founder and biggest ... (Source: Knoxville News Sentinel 2010-08-05T04:09:29Z)

SkyWest (SKYW) Announces Deal To Acquire ExpressJet (XJT)

Regional carriers for United Airlines (NASDAQ: UAUA ) and Continental Airlines Inc. (NYSE: CAL ) announced Wednesday that they will combine in an all cash move valued at $133 million. SkyWest Inc. (NASDAQ: SKYW ) said ... (Source: StreetInsider.com 2010-08-04T14:19:07Z)

China to import hit sci-fi thriller 'Inception'

Christopher Nolan's "Inception" will be released in China, the country's film importer said Tuesday, giving a lucrative foreign market to a sci-fi thriller that already has become a global sensation. A-List ... (Source: Tacoma News Tribune 2010-08-04T04:10:40Z)

Chelsea secure star Brazil defender

Brazil international defender Ramires is set to join English Premier League champions Chelsea for 22million euros his Portuguese club Benfica has announced. The deal will go ahead provided the 23-year-old, capped 16 ... (Source: ninemsn 2010-08-05T00:13:15Z)

Burlco to offer free vaccine to college bound students

The Burlington County Health Department announced Aug. 2 that they are making meningococcal vaccine available to all college bound students who will be living in a dormitory. Meningococcal disease is a serious ... (Source: southjerseylocalnews.com 2010-08-04T13:07:32Z)

AOL execs, analysts see changes taking hold

SAN FRANCISCO - AOL Inc. reported a $1billion-plus second-quarter loss and tumbling revenue, yet the dismal-sounding numbers appear to belie a more positive reality: The troubled Internet company is actually ... (Source: Pasadena Star-News 2010-08-05T05:06:45Z)

D.C. pot law provides for needy

WASHINGTON — No one should be too poor to buy pot if they live in Washington, at least if the marijuana is for a medical condition. That's the conclusion of a new medical marijuana law enacted in the nation ... (Source: Wichita Eagle 2010-08-05T05:06:45Z)

Barnes & Noble shares soar on sale speculation

Barnes & Noble Inc. stock was riding high a day after the world's largest bookseller said it might put itself up for sale amid struggles against stiff online competition and aggressive takeover moves by a ... (Source: Los Angeles Times 2010-08-05T00:49:03Z)

Avis' offer for Dollar Thrifty could bring bidding war with Hertz, experts say

"At a minimum, Dollar Thrifty will sell from $54 to $60 a share because there aren't many players left in the rental car industry," said Fred Russell , CEO of Fredric E. Russell Investment Management Co. in Tulsa. Avis ... (Source: Daily Oklahoman 2010-07-30T10:14:30Z)

SkyWest to buy ExpressJet Holdings

NEW YORK (Reuters) - SkyWest Inc ( SKYW.O ) said on Wednesday that it will buy rival ExpressJet Holdings Inc ( XJT.N ), a deal that would make the combined carrier a top provider of regional flights to the ... (Source: Reuters 2010-08-05T04:09:29Z)

Now Hiring: New Chairman for India's Tata Group

MUMBAI, India -- India's Tata Group has created a five-member selection committee to find a successor for Ratan Tata - one of the country's most venerated business figures - when he retires in December 2012 ... (Source: Forbes 2010-08-05T05:06:45Z)

Nobody is too poor for medical marijuana in Washington, D.C.

WASHINGTON — No one should be too poor to buy pot if they live in Washington, at least if the marijuana is for a medical condition. That's the conclusion of a new medical marijuana law enacted in the nation ... (Source: Deseret News 2010-08-05T03:12:13Z)

AOL posts huge loss on accounting charge

Internet company AOL Inc. reported a $1 billion-plus net loss for the second quarter because of charges for a decline in its share price and the sale of social networking site Bebo. The company is in the midst of a ... (Source: Erie Times-News 2010-08-05T04:59:35Z)

Italy's Berlusconi Survives No-Confidence Vote

Rome, Italy (AHN) - Nearly a week after the split between billionaire Premier Silvio Berlusconi and Lower House speaker Gianfranco Fini, the Italian leader on Wednesday survived a no-confidence vote. Fini was among 75 ... (Source: All Headline News 2010-08-05T02:07:47Z)

County inoculating college students

WESTAMPTON - The Burlington County Health Department is urging college-bound students to take advantage of a free vaccination before heading to school. The department announced this week that it is making meningococcal ... (Source: msnbc.com 2010-08-04T15:45:01Z)

Benfica negotiates sale of Ramires to Chelsea

(AP) — LISBON, Portugal - Benfica says it is in negotiations to sell Brazilian midfielder Ramires to Chelsea. The Eagles said in a statement to the Lisbon stock exchange that the two clubs are working on a deal but ... (Source: Birmingham News 2010-08-04T19:26:55Z)

Your friendly neighbourhood hero

FOR years, Donnie Yen worked in the shadow of Jackie Chan and Jet Li. Having fought with both onscreen, the 47-year-old actor was considered a worthy opponent but not necessarily a leading man in his own right. This ... (Source: Today Online 2010-08-04T21:57:15Z)

Robbins Umeda LLP Announces an Investigation of the Tender Offer by SkyWest, Inc. to ...

BusinessWire - Robbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by members of the Board of Directors of ExpressJet Holdings, Inc ... (Source: Forbes 2010-08-04T23:23:09Z)

Tata Seeks Ratan's Replacement to Run Jaguar, Tetley

(Updates to add share prices in ninth paragraph.) Aug. 5 (Bloomberg) -- Tata Sons Ltd. is searching for a successor to Chairman Ratan Tata, whose acquisitions of Jaguar Land Rover and Tetley Group Plc charted ... (Source: BusinessWeek 2010-08-05T04:38:07Z)

Yen emerges as latest action hero

For years, Donnie Yen worked in the shadow of Jackie Chan and Jet Li. Having fought both on screen, the 47-year-old actor was considered a worthy opponent but not a leading man in his own right. That changed after Yen ... (Source: English Eastday 2010-08-05T00:41:53Z)

India Day Ahead: Tata Panel to Choose Ratan's Successor, Power Grid Sale

The following are some of the important stories that broke overnight, and newspaper summaries in India today: TOP INDIA STORIES: Goldman, JPMorgan Said to Be Selected for Power Grid India Sale Goldman Sachs ... (Source: Bloomberg 2010-08-05T03:48:00Z)

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