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 25, 2010, 2:40 am

India's Sahara group makes $2 billion offer for MGM's debt

LOS ANGELES — Sahara India Pariwar, an Indian conglomerate with real estate and media holdings, says it has made a $2 billion bid to buy the debt of struggling Hollywood studio Metro-Goldwyn-Mayer Inc. It was unclear how MGM's committee of creditors ... (Source: Denver Post 2010-09-18T06:59:12Z)

Target lands iPad deal

  MINNEAPOLIS — Target Corp. says it will begin carrying six models of Apple Inc.'s iPad, starting at $499.  The nation's second-largest discount chain says it will start selling the touchscreen tablet computer Oct. 3. The iPad will be covered ... (Source: Pueblo Chieftain 2010-09-25T06:07:57Z)

Realtors Wary After 2 Killings, Robbery

KENT, Ohio -- The killings of two real estate agents and robbery of a third within a week have agents in northeast Ohio on alert, and some are even cutting back on business as police warn them not to go alone to show properties. One agent was found ... (Source: msnbc.com 2010-09-23T16:40:15Z)

Brazil oil company Petrobras aims at offshore reserves with $70B stock offer, world's largest

BIG DEAL: Petroleo Brasileiro SA , or Petrobras, Brazil's state-run energy company, raised $70 billion through the sale of more than 4 billion common and preferred shares in Brazil and the U.S. BIG OIL: The money will fund Petrobras' ambitious $224 billion ... (Source: Chicago Tribune 2010-09-24T18:19:17Z)

2 charged in Ohio real estate agent's slaying

Two men have been charged with killing an Ohio real estate agent who was showing a vacant house for sale, the first of two agents killed in a week in the region, authorities said Friday. Robert Brooks, 25, of Youngstown, and Grant Cooper, 21, of Hubbard ... (Source: AP - msnbc.com 2010-09-25T03:37:38Z)

Malcolm Forbes's Toys Are Up for Sale

The Forbes Galleries on lower Fifth Avenue will be emptying out their darkened maze of toys in dioramas, The Associated Press reported. Sotheby's will organize about 7,500 pieces, including metal marching bands, submarines, motorcycles and a box of ... (Source: New York Times Blogs 2010-09-24T20:28:08Z)

Ondine Completes Sale of Majority Interest in Sinusitis Subsidiary

Ondine Biopharma Corporation (TSX: OBP)(AIM: OBP) (the "Company") today announced that it has concluded the sale (the "Sinuwave Sale") of a majority interest in Sinuwave Technologies Corporation ("Sinuwave") to a group of private equity investors. Sinuwave ... (Source: msnbc.com 2010-09-15T12:32:03Z)

U.S. delegates walk out in protest at U.N.

UNITED NATIONS -- The U.S. delegation walked out of the U.N. speech of Iranian President Mahmoud Ahmadinejad on Thursday after he said some in the world have speculated that Americans were behind the Sept. 11 terror attacks, staged in an attempt to assure ... (Source: Pittsburgh Tribune-Review 2010-09-25T03:59:06Z)

Dollar/yen retreats after earlier spike as euro jumps

LONDON (Reuters) - The dollar fell to its lowest in more than a week against the yen on Friday, reversing earlier gains, as doubts crept in about whether Japanese authorities keen to stem yen gains were responsible for an earlier spike. The euro gained ... (Source: Reuters 2010-09-24T12:14:13Z)

Brazil's huge oil reserves fuel largest-ever share offer

SAO PAULO, Brazil - The exploration and production of Brazil's huge offshore oil reserves is the driving force behind the globe's biggest-ever share offering. Petroleo Brasileiro SA, or Petrobras, the nation's state-run energy company, raised $70 billion ... (Source: Philadelphia Daily News 2010-09-25T07:12:23Z)

2 charged in Ohio real estate agent's slaying

Friday, Sept. 24, 2010 | 7 a.m. Authorities in Ohio have charged two men with killing a real estate agent who was showing a vacant house for sale, the first of two agents killed in a week in the region. Youngstown Municipal Court says 25-year-old Robert ... (Source: Las Vegas Sun 2010-09-24T14:15:54Z)

2 charged in killing of Ohio real estate agent

Two men are jailed without bond in Ohio in the strangling of a real estate agent, the first of two agents killed in a week while showing homes for sale in northeast Ohio. A police affidavit says 25-year-old Robert Brooks of Youngstown and 21-year-old Grant ... (Source: AP - msnbc.com 2010-09-24T17:36:20Z)

Avis Shakes Up Hertz-Dollar Thrifty Deal

Not taking "non-negotiable and final" for an answer, Avis strikes back in rental car bidding war. The offer comes a few weeks after Dollar Thrifty and Hertz announced they had agreed on a deal worth $1.4 billion, or $50 per share, at the time was believed ... (Source: Forbes 2010-09-23T17:23:12Z)

UPDATE 2-Hertz says not to raise offer for Dollar Thrifty

Northcoast Research analyst John Healy said the gap between investor expectations and what Hertz was willing to pay has narrowed dramatically over the last few weeks. "I think there is a higher likelihood of a Hertz deal getting approved today than it was ... (Source: Reuters 2010-09-24T16:24:45Z)

Target largest chain to carry iPad

Target Corp. says it will begin carrying four models of Apple Inc.'s iPad, starting at $499. The discount chain says it will start selling touchscreen tablet computer Oct. 3. The iPad will be covered under the retailer's 5 percent discount for store credit ... (Source: Pittsburgh Tribune-Review 2010-09-25T03:59:06Z)

Target to add more groceries, offer iPad for holidays

Target Corp. is beefing up its competition with Wal-Mart Stores Inc. and will add fresh food sections to more than half of its 1,500 stores by the end of next year, according to a Reuters report. Target (NYSE: TGT) also confirmed it will start offering ... (Source: Business Courier 2010-09-24T18:04:58Z)

Real estate agents cautious after slayings in vacant houses

KENT, Ohio (AP) -- Some frightened real estate agents in northeast Ohio are avoiding meeting prospective buyers alone following the slayings of two agents in vacant homes for sale and the robbery of another. Two brothers have been arrested in the robbery ... (Source: WHIO.com 2010-09-23T11:32:27Z)

2 Ohio real estate agents killed; another robbed

KENT, Ohio – Two real estate agents were killed in vacant homes for sale and another was robbed all within a week, prompting frightened agents in northeast Ohio to cancel open houses and avoid meeting prospective buyers alone. NYC real estate mogul gets ... (Source: Olympian 2010-09-23T07:29:04Z)

Asian shares mixed after jump in US jobless claims

Asian stock markets were mixed Friday after a jump in U.S. unemployment claims provided more evidence of an anemic recovery in the world's biggest economy. Japanese stocks, closed the previous day for a holiday, were lower despite an apparent intervention ... (Source: AP - msnbc.com 2010-09-24T06:16:18Z)

India's Sahara group says MGM studio creditors reject offer of $2 billion

LOS ANGELES, Calif. - Indian conglomerate Sahara India Pariwar says its offer to buy out the creditors of struggling Hollywood studio Metro-Goldwyn-Mayer Inc. for more than $2 billion has been rejected. Subrata Roy Sahara, the company's chairman, had a ... (Source: St. John's Telegram 2010-09-24T19:02:14Z)

Sahara says MGM studio creditors reject $2B bid

LOS ANGELES— Indian conglomerate Sahara India Pariwar says that its offer to buy out the creditors of struggling Hollywood studio Metro-Goldwyn-Mayer Inc. for more than $2 billion has been rejected. Subrata Roy Sahara, the company's chairman, had a ... (Source: Boston Globe 2010-09-24T18:40:45Z)

Brazil Stocks End Lower As Market Settles After Petrobras Offer

RIO DE JANEIRO (Dow Jones)--Brazilian stocks closed lower Friday as the market settled after the euphoria from the successful share sale completed by oil giant Petroleo Brasileiro SA (PBR, PET4.BR), or Petrobras. The benchmark Ibovespa stock index closed ... (Source: Wall Street Journal 2010-09-24T22:01:11Z)

Japan yen sale seen crossing 2 trillion: Nikkei

BANGALORE (Reuters) - Japan continued to heavily unload the yen in global markets Wednesday, with the total amount seen exceeding 2 trillion yen ($23.37 billion), the Nikkei business daily reported. The government and Bank of Japan carried out their ... (Source: Reuters 2010-09-15T20:10:10Z)

United Mining Group Appoints New CEO and Director

VANCOUVER, BRITISH COLUMBIA, Sep 23, 2010 (MARKETWIRE via COMTEX) -- United Mining Group, Inc. (the "Company") (THE:CA:UMG) (frankfurt:UM8) announces the appointment of Charles Pitcher, formerly President and CEO of Western Canadian Coal as CEO of the ... (Source: Marketwatch 2010-09-23T19:53:32Z)

Talks with tyrants

W ell, so much for Iranian President Mahmoud Ahmadinejad's short-lived charm offensive. Yes, just a few hours after President Barack Obama told the U.N. General Assembly that the United States was still open to talks with Iran over its nuclear ambitions ... (Source: Boston Herald 2010-09-25T04:13:25Z)

West Fraser Timber Co. Ltd. ("WFT"): Notice of Third Quarter Results Conference Call

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 24, 2010) - West Fraser Timber Co. Ltd. (TSX: WFT - News ) will hold an analysts' conference call to discuss third quarter 2010 financial and operating results on Tuesday, October 26 at 8:30 a.m. Pacific ... (Source: Yahoo Finance 2010-09-24T14:58:51Z)

Sotheby's Asia Week Sales in New York Total $27,649,251

NEW YORK, NY.- The Asia week series of auctions at Sotheby's New York concluded today with the South Asian Art sale which made $7,547,250 to bring the overall total for the week to $27,649,251 well within the $ 21.9/31.2 million estimate. The sales ... (Source: Art Daily 2010-09-18T01:22:46Z)

Ahmadinejad Rant Deals Major Blow to 'Obama Doctrine'

The bizarre U.N. rant alleging a 9/11 conspiracy by Iranian strongman Mahmoud Ahmadinejad, delivered from the same podium where President Obama had just hours before extended yet another of olive branch of diplomacy toward the rogue Persian regime, marks ... (Source: NewsMax.com 2010-09-24T22:44:08Z)

Hertz says its bid for Dollar Thrifty is final

Hertz said its bid for Dollar Thrifty would be its final offer, one day after rival Avis topped its bid of about $1.36 billion. Hertz said Friday that it wouldn't raise its bid valuing Dollar Thrifty Automotive Group Inc. at $50.25 a share. Avis on ... (Source: Los Angeles Times 2010-09-24T22:01:11Z)

Sign of the times: Lehman Bros sign, artworks, up for UK auction as creditors sell off assets

LONDON (AP) — For sale: a sign of the times. Christie's is auctioning off the 10 foot-long (3 meter-long) sign that adorned the European headquarters of Lehman Brothers , along with paintings, furniture and other objects from the offices of the collapsed ... (Source: Chicago Tribune 2010-09-24T19:02:14Z)

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