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 17, 2010, 2:41 am

Kabul Bank run may pose more immediate threat than Afghan Taliban

Even as it battles a resurgent and spreading Taliban, the beleaguered government of Afghan President Hamid Karzai is facing a more immediate threat: a run on the country's largest banks. This week ... (Source: The Christian Science Monitor 2010-09-03T13:22:04Z)

Asian Stocks Rise on RIM Profit; Gold Reaches Record, Yen Falls

Sept. 17 (Bloomberg) -- Asian stocks gained ... said Tomomi Yamashita , a fund manager in Tokyo at Shinkin Asset Management Co., which oversees $6 billion. "The yen weakened after Japan's intervention. (Source: BusinessWeek 2010-09-17T06:46:04Z)

SEC proposing new rules to tighten banks' disclosure of debt levels

... bank's debt and level of risk. Lehman Brothers used so-called repurchase agreements as an accounting trick in ... were known as Repo 105. The Securities and Exchange Commission is expected to propose the new ... (Source: Los Angeles Times 2010-09-17T04:08:35Z)

Japanese Market Rebounds As Yen Retreats

dollar traded at the lower 83 yen level in early deals in Tokyo. However, following reports that the Japanese government and the Bank of Japan intervened in the currency market by selling the Japanese currency, (Source: RTT News 2010-09-15T03:42:20Z)

Feds consider expanding banks' disclosure requirements

... bank's debt and level of risk. Lehman Brothers used so-called repurchase agreements as an accounting trick in ... were known as Repo 105. The Securities and Exchange Commission is expected to propose the new ... (Source: Florida Times-Union 2010-09-17T05:27:20Z)

Schwarzenegger urges Congress to act on trade

California Gov. Arnold Schwarzenegger urged the U.S. Congress to quickly ratify pending free trade agreements with South Korea, Panama and Colombia, saying Wednesday that the deals are vital to Washington's goal of ... (Source: AP - msnbc.com 2010-09-15T03:13:42Z)

Was it a tornado? Wild storm hits New York City

The National Weather Service dispatched investigators to assess whether a tornado touched down Thursday evening during the storm. Tornado warnings had been issued for Staten Island, Brooklyn and Queens, all parts of ... (Source: AP - msnbc.com 2010-09-17T09:09:14Z)

Security tight as Taliban threaten Afghan poll

KABUL (Reuters) - Security preparations were ramped up on Friday on the eve of Afghan parliamentary elections after the Taliban vowed to disrupt the vote, a key test after a deeply flawed presidential ... (Source: Reuters 2010-09-17T08:19:08Z)

Porter Bancorp, Inc. Shareholders Approve Issuance of Common Stock and Authorize ...

as filed with the Securities and Exchange Commission, includes more detailed information ... About Porter Bancorp, Inc. Porter Bancorp, Inc., a bank holding company headquartered in Louisville, Kentucky, had $1.7 ... (Source: PR Inside 2010-09-17T07:14:42Z)

Israeli-Palestinian Negotiations Continue Despite Many Challenges

Israeli Prime Minister Benjamin Netanyahu and Palestinian President Mahmoud Abbas might not agree on much entering negotiations, but analysts said they have something in common. Both are in precarious political ... (Source: Global Security 2010-09-15T22:33:20Z)

UPDATE: EDF CFO Expects UK Asset Sale To Close In November

... hours after shareholders for a Hong Kong-based member of the buying consortium approved the deal. The transaction remains subject to approval by decree of the French finance ministry, as well as European Union ... (Source: Wall Street Journal 2010-09-09T18:08:26Z)

Standard Bank, Investec, Metmar: South African Equities Preview

... South Africa. Symbols are in parentheses and prices are from the last close. South Africa's FTSE/JSE Africa All Share Index closed 0.11 point lower at 28,502.08 at the close in Johannesburg ... Investec Plc ... (Source: BusinessWeek 2010-09-16T05:50:00Z)

Japanese Market Trades Higher

RTTNews) - The Japanese stock market ... months ended August 15 to 2.4 billion yen on higher sales. In the currency market, the U.S. dollar traded at the upper 85 yen range in early deals in Tokyo amid fears of ... (Source: RTT News 2010-09-17T02:28:22Z)

Parent of Savings Institute Bank and Trust Co. Could Raise More Than $60 Million in Stock Offering

according to a filing with the Securities and Exchange Commission. SI Bancorp, the parent company, remained a non-stock or mutual holding company when SI Financial and Savings Institute went public in 2004. (Source: TradingMarkets.com 2010-09-11T00:40:57Z)

Probe begins into whether tornado hit NYC

The National Weather Service was to dispatch investigators to assess whether a tornado touched down Thursday evening during the storm. Tornado warnings had been issued for Staten Island, Brooklyn and Queens. (Source: Fort Wayne Journal Gazette 2010-09-17T09:16:24Z)

S.Africa's rand weakens vs dollar, stocks down

JOHANNESBURG, Sept 7 (Reuters) - South Africa's rand weakened against the dollar on Tuesday as dealers traded cautiously ... Investec, which also trades in London was down 1.72 percent at 55.99 rand, Standard Bank ... (Source: CNBC 2010-09-07T16:16:17Z)

Schwarzenegger: Act on trade

SEOUL, South Korea — California Gov. Arnold Schwarzenegger urged the U.S. Congress to quickly ratify pending free trade agreements with South Korea, Panama and Colombia, saying this week that the deals ... (Source: San Jose Mercury News 2010-09-16T03:41:09Z)

Investec CEO: could make Australia acquisition

JOHANNESBURG, Sept 16 (Reuters) - South Africa's Investec ( INVP.L ) ( INLJ.J ) could look to make an acquisition to build its asset management business in Australia, the head of investment bank and fund manager told ... (Source: Reuters UK 2010-09-16T13:20:58Z)

One Palestinian killed as Israel bombs "Gaza tunnels"

who was taking part in negotiations between Palestinian President Mahmoud Abbas and Israeli Prime Minister Benjamin Netanyahu.Witnesses in the Palestinian town of Rafah, in the southern Gaza Strip, said the Israeli ... (Source: GlobalPost 2010-09-16T08:41:47Z)

Tornado Warning For Brooklyn, Queens and Staten Island

The Office of Emergency Management issued alerts for this crazy weather, "Alert issued 9/16/10 at 5:35 PM. The National Weather Service has issued a Tornado Warning until 6:00 PM in Staten Island and ... (Source: Gothamist.com 2010-09-16T21:49:12Z)

SEC chief pledges better bank oversight

... banks after criticism that the agency failed to spot accounting tricks at investment bank Lehman Brothers before it collapsed ... known as Repo 105, that allowed it to mask its weakness. Her testimony follows ... (Source: Salt Lake Tribune 2010-09-12T05:04:38Z)

Afghan electoral workers slain by Taliban

Kabul, Afghanistan . Taliban fighters killed two workers from Afghanistan's main election body in another attack that highlighted the threat of a violence-marred parliamentary election Saturday. The attack occurred ... (Source: Focus Infomation 2010-09-16T23:22:16Z)

S. Africa Mines, Basel Rules Impact, Lagardere Sale: Compliance

The seven largest publicly traded Chinese banks in Hong Kong all exceeded the ... SCA's 6-year-old sale of a 60 percent stake in a French publisher to Wendel was annulled by the European Union's second-highest ... (Source: Bloomberg 2010-09-14T04:47:56Z)

U.S. lays out strategy double exports in 5 years

... has said he wants to resolve outstanding concerns over a free-trade agreement with South Korea by November so he can submit it to Congress by early next year. "On Panama and Colombia, (Obama) has similarly said ... (Source: YAHOO! 2010-09-16T21:20:34Z)

Genetically Modified Salmon aka Frankenfish -- Let Your Voice be Heard Tomorrow

... Aquabounty Technologies' genetically modified salmon "Frankenfish" . But the President and CEO of Aquabounty, Ronald L Stotish, says, "It looks like an Atlantic salmon. It ... The FDA has not conducted ... (Source: Phoenix New Times 2010-09-15T23:09:08Z)

Nara Bancorp Chairman Chong-Moon Lee Announces Departure From Board of Directors ...

... Bancorp, Inc. (the "Company") (NASDAQ: NARA), the holding company of Nara Bank (the ... the Company files from time to time with the Securities and Exchange Commission, including its quarterly reports on ... (Source: PR Inside 2010-09-16T21:34:53Z)

INTERVIEW: EDF CFO Expects UK Sale To Close In November

... hours after shareholders for a Hong Kong-based member of the buying consortium approved the deal. The transaction remains subject to approval by decree of the French finance ministry, as well as European Union ... (Source: Wall Street Journal 2010-09-09T17:39:48Z)

US Mulls Approval of GM Salmon

... AquaBounty Technologies for production and sale of a new Atlantic salmon with a growth hormone gene ... The center was among a coalition of 31 groups urging the FDA to reject the application, and Hanson said ... (Source: NewsMax.com 2010-09-06T11:16:49Z)

Israeli army says it killed senior Hamas militant in West Bank

The death comes as Israeli Prime Minister Benjamin Netanyahu and Palestinian President Mahmoud Abbas held a second round of direct negotiations in the Egyptian resort of Sharm el-Sheikh and in Jerusalem this week, (Source: Earthtimes 2010-09-17T06:31:45Z)

FDA Analysis Boosts Plans For Genetically Modified Salmon

... genetically modified salmon is safe to eat, boosting chances that the agency will approve the fish for commercial sale. AquaBounty Technologies ... food from conventional Atlantic salmon," FDA staff said in a ... (Source: Smart Money 2010-09-07T18:10:49Z)

Blog Archive