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 / September 10, 2010, 1:41 pm

UPDATE: Dana Petroleum Says KNOC Offer Undervalues Company

LONDON (Dow Jones)--Shares in U.K. oil and gas company Dana Petroleum PLC (DNX.LN) held their position marginally above a hostile bid by Korea National Oil Corp. of 1800 pence a share Wednesday after Dana ... (Source: Wall Street Journal 2010-09-08T08:29:48Z)

Genzyme laying off undisclosed number of workers

BOSTON, Sept 10 (Reuters) - U.S. biotech company Genzyme Corp has begun laying off an unspecified number of employees, a move it said was unrelated to Sanofi-Aventis SA's takeover bid. "We feel the right thing to do ... (Source: The Guardian 2010-09-10T19:04:31Z)

Buffett, Gates shunned by Chinese tycoons

... Bill Gates ... Chen Guangbiao, a self-made multimillionaire and one of the few confirmed guests of the dinner, has published an open letter to the U.S. power duo to heed their call - by donating his entire fortune, (Source: CNN Money 2010-09-09T11:34:44Z)

UPDATE: KNOC Sticks With Offer Price For Dana Petroleum

LONDON (Dow Jones)--Korea National Oil Corp. said Thursday its 1,800-pence-a-share offer for Dana Petroleum PLC (DNX.LN) was full and final, one day after Dana released a lengthy defense document outlining ... (Source: Wall Street Journal 2010-09-09T12:32:00Z)

Rare vivid blue diamond up for sale

... fancy vivid blue diamond ... Rahul Kadakia, says the ring could bring $15 million when it goes on sale Oct. 20. The ring is paired with a 9.87-carat white diamond. It was designed by Italian luxury jeweler Bulgari (Source: WPRI 2010-09-10T17:02:50Z)

Sanofi-Aventis sticking to first offer for Genzyme

TRENTON, N.J.— French drugmaker Sanofi-Aventis SA is sticking to its original offer of $69 a share to buy U.S. biotech company Genzyme Corp. , a Sanofi spokesman said Thursday. That's despite rumors ... (Source: Boston Globe 2010-09-08T23:53:13Z)

Lawmaker: possible parade legislation 'knee-jerk'

AP) — A state lawmaker from Mitchell says he thinks potential legislation aimed at improving safety in parades that have horses is a knee-jerk reaction. Democratic ... Lance Carson of Mitchell says horses ... (Source: Sioux City Journal 2010-09-09T18:44:14Z)

BridgeHead Software and Dell Offer Holistic Storage and Data Management

The Medical Archive solution combines the strength of Dell's hardware offerings with the pedigree of BridgeHead's healthcare data management software to create a holistic and fully interoperable enterprise solution ... (Source: Soa Wolrd 2010-09-09T12:53:28Z)

Avis raises cash portion of Dollar Thrifty offer; blasts Hertz on antitrust concerns

WRESTLING FOR CONTROL: Avis Budget Group Inc. boosted the cash component of its acquisition offer for Dollar Thrifty Automotive Group Inc. by $1.50 per share to $40.75 per share. The stock portion of the ... (Source: Chicago Tribune 2010-09-02T16:50:50Z)

Dana Repeats To Reject KNOC's 1800p/shr Offer - Update

(RTTNews) - Responding to Thursday morning's statement by Korea National Oil Corp., or KNOC, UK-based Dana Petroleum plc (DNX.L: News ) reiterated its recommendation that its shareholders should reject KNOC's 1800 ... (Source: RTT News 2010-09-09T12:46:19Z)

NYC auction to offer Bulgari ring with 10.95-carat vivid blue diamond, could sell ...

... vivid blue diamond ever to come to auction. Its jewelry expert, Rahul Kadakia (rah-HOOL' ka-DAH'-kee-uh), says ... It was designed by Italian luxury jeweler Bulgari and purchased for $1 million in 1972 by a ... (Source: Minneapolis Star Tribune 2010-09-10T16:55:40Z)

BridgeHead Software and Dell Offer Holistic Storage and Data Management ...

The Medical Archive solution combines the strength of Dell's hardware offerings with the pedigree of BridgeHead's healthcare data management software to create a holistic and fully interoperable enterprise solution ... (Source: PR Inside 2010-09-09T13:22:06Z)

Rare vivid blue diamond up for sale at NYC auction

the stone is the largest triangular-shaped fancy vivid blue diamond ever to come to auction ... the strongest and purest saturation in any colored diamond," said Rahul Kadakia, Christie's jewelry expert. " (Source: AP - msnbc.com 2010-09-10T19:47:28Z)

SD lawmaker: possible parade legislation 'knee-jerk'

A state lawmaker from Mitchell says he thinks potential legislation aimed at improving safety in parades that have horses is a knee-jerk reaction. Democratic ... Lance Carson of Mitchell says horses occasionally get ... (Source: KSFY.com 2010-09-09T21:43:11Z)

LePage, Cutler clash on economy

Only Republican Paul LePage and independent Eliot Cutler attended. Independent candidates Shawn Moody and Kevin Scott were not invited, and Democrat Libby Mitchell has pulled out of several forums to which any of her ... (Source: Morning Sentinel 2010-09-10T04:24:03Z)

Avis Bolsters Offer for Dollar Thrifty Merger, Addresses Antitrust Issues

PARSIPPANY, N.J. — On Thursday, Avis Budget Group announced it submitted a revised offer for Dollar Thrifty Automotive Group, saying the new bid is 22 percent stronger than what Hertz is offering. The company is ... (Source: Auto Remarketing 2010-09-03T06:12:34Z)

UPDATE 1-Sanofi sticks to $69 per share Genzyme offer

... Sanofi wanted to enter into constructive dialogue with Genzyme to best serve its interests. DealReporter, a financial news service affiliated with the Financial Times Group ... Chief Executive Henri Termeer told ... (Source: Reuters 2010-09-09T13:29:16Z)

Parade Legislation 'Knee-Jerk'

... AP) — A state lawmaker from Mitchell says he thinks potential legislation aimed at improving safety in parades that have horses is a knee-jerk reaction. Democratic ... Lance Carson of Mitchell says horses ... (Source: Yankton Daily Press 2010-09-10T05:35:38Z)

Sanofi sticks to $US69 per share Genzyme offer

... Sanofi wanted to enter into constructive dialogue with Genzyme to best serve its interests. DealReporter , a financial news service affiliated with the Financial Times Group ... chief executive Henri Termeer's ... (Source: Business Spectator 2010-09-09T15:52:26Z)

U.S. billionaires plan to sell giving to China's wealthiest

... Bill Gates and billionaire investor Warren Buffett plan to sell the art of giving ... swift and varied: One prominent Chinese philanthropist quickly pledged his entire fortune to charity, while the head of a ... (Source: News-Leader.com 2010-09-09T08:21:28Z)

Earnings Preview: Best Buy Inc.

MINNEAPOLIS— Electronics ... WHAT TO WATCH FOR: Analysts expect Best Buy to report sales were relatively weak during the quarter because other companies that sell electronics, such as Target Corp. and Costco ... (Source: Boston Globe 2010-09-10T20:23:16Z)

Gates and Buffett to offer lessons in altruism for China's newly rich

... Bill Gates and billionaire investor Warren Buffett plan to sell the art of giving ... swift and varied: One prominent Chinese philanthropist quickly pledged his entire fortune to charity, while the head of a ... (Source: Herald Tribune 2010-09-08T06:13:48Z)

Analysts expect Best Buy to report relatively weak sales in the 2nd quarter

MINNEAPOLIS (AP ... WHAT TO WATCH FOR: Analysts expect Best Buy to report sales were relatively weak during the quarter because other companies that sell electronics, such as Target Corp. and Costco Wholesale Corp. , (Source: Los Angeles Times 2010-09-10T19:33:09Z)

Mitchell outlines ideas on education

Maine — Democratic candidate for governor Libby Mitchell has unveiled what she called the foundation of a plan to ... Independent Kevin Scott said her plan "lacks sincerity from inception." "Clearly the plan ... (Source: Bangor Daily News 2010-09-10T02:22:22Z)

LePage Maintains Lead In New Poll

a new poll shows Republican Paul LePage holding ... Democrat Libby Mitchell at 29 percent, Independent Eliot Cutler at 12 percent, Independent Shawn Moody at 5 percent and Independent Kevin Scott at 1 percent. (Source: WMTW 2010-09-09T23:37:43Z)

Hertz, Avis offer big bucks for Dollar Thrifty

Many companies are sitting on cash they hoarded during the recession. For some companies entertaining mergers, selling now may be a way to get the best price in case of a double-dip recession. Why the ... (Source: Marketplace.publicradio.org 2010-09-02T21:37:10Z)

Best Buy stores to offer store credit on used video game trade-ins

... announcement by Target Corp ... Best Buy's online trade-in calculator. Buying the same game, also used, on Best Buy's website will cost you $35. A new game goes for $60. Shares of Best Buy, which is based in ... (Source: News-Sentinel 2010-08-29T03:55:20Z)

Sanofi sticks to $69 per share Genzyme offer

... Sanofi wanted to enter into constructive dialogue with Genzyme to best serve its interests. DealReporter, a financial news service affiliated with the Financial Times Group ... Chief Executive Henri Termeer told ... (Source: msnbc.com 2010-09-09T13:36:25Z)

UPDATE 3-Genzyme laying off undisclosed number of workers

BOSTON, Sept 10 (Reuters) - U.S. biotech company Genzyme Corp ( GENZ.O ) has begun laying off an unspecified number of employees, a move it said was unrelated to Sanofi-Aventis SA's ( SASY.PA ) takeover ... (Source: Reuters 2010-09-10T18:50:12Z)

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