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 30, 2010, 10:43 pm

Prices slip, volume light before 7-year sale

NEW YORK, Sept 29 (Reuters) - Prices of U.S. government debt fell slightly on Wednesday and volume in the market was light as traders prepared for a $29 billion sale of seven-year Treasury notes. The 1 p.m. (1700 GMT) auction will likely be carried out ... (Source: The Guardian 2010-09-29T16:04:30Z)

UPDATE 3-ABB units plead guilty over bribes to win deals

WASHINGTON, Sept 29 (Reuters) - Two units of Swiss engineering company ABB Ltd ( ABBN.VX ) pleaded guilty to paying bribes to win multimillion dollar contracts in Iraq and Mexico and agreed to pay more than $58 million in fines, the U.S. Justice Department ... (Source: Reuters 2010-09-29T23:56:57Z)

Mortgage rates at record lows: Freddie Mac

NEW YORK (Reuters) - U.S. 30-year and 15-year mortgage rates either tied or reached record lows in the latest week, according to a survey released on Thursday by Freddie Mac, the second-largest U.S. mortgage finance company. While rock-bottom rates offer a ... (Source: Reuters 2010-09-30T14:51:44Z)

RPT-UPDATE 1-US mortgage rates at record lows-Freddie Mac

NEW YORK, Sept 30 (Reuters) - U.S. 30-year and 15-year mortgage rates either tied or reached record lows in the latest week, according to a survey released on Thursday by Freddie Mac, the second-largest U.S. mortgage finance company. While rock-bottom ... (Source: Reuters 2010-09-30T14:58:54Z)

Sell-off, light volume, ahead of 7-year sale

NEW YORK (Reuters) - The prices of U.S. government debt slipped on Wednesday and volume in the market was light as traders prepared for a $29 billion sale of seven-year Treasury notes. The 1 p.m. auction (1700 GMT) will likely be carried out with seven ... (Source: Reuters 2010-09-29T12:58:23Z)

Dollar Thrifty shareholders reject Hertz deal

Dollar Thrifty Automotive Group Inc. shareholders rejected a buyout offer from Hertz on Thursday against the recommendation of the company's board. The rejection likely takes Hertz out of the bidding for the car-rental chain and offers an opening for rival ... (Source: AP - msnbc.com 2010-09-30T22:01:14Z)

Search warrants reveals new details about death of police chief's daughter

CHARLOTTE, NC (WBTV) - Search warrants reveal new details in the death of a woman whose body was found earlier this month in a mini storage facility. Valerie Hamilton, 23, was reported missing on Wednesday, September 15th. Police later said she went to a ... (Source: WBTV 2010-09-30T17:14:54Z)

Marchionne fends off alliance and sale chatter

Fiat CEO Sergio Marchionne fended off rampant chatter about possible industrial alliances and brand sales at the Paris Auto Show on Thursday. Fiat shareholders this month approved the spinoff of Fiat's industrial business from its automotive unit — a ... (Source: AP - msnbc.com 2010-09-30T14:37:25Z)

Orlando Magic and NBA News: Thursday, Sept. 30

When Stan Van Gundy visited Dwight Howard in Atlanta this summer, he flew up from Orlando then took the metro train to his lunch spot with Howard. How many other NBA coaches would ride the MARTA? "None," Howard said. That's the type of dedication Van ... (Source: ProBasketballNews.com 2010-09-30T14:30:16Z)

Tyco Electronics Earnings Conference Call (Q4 2010)

Tyco Electronics Ltd. provides engineered electronic components, network solutions, specialty products, and undersea telecommunication systems. Its Electronic Components segment supplies passive electronic components, which include connectors and ... (Source: YAHOO! 2010-09-30T11:52:47Z)

Marchionne fends off industrial alliance, Alfa Romeo sale chatter

Paris -- Fiat CEO Sergio Marchionne is fending off rampant chatter about industrial alliances and brand sales at the Paris Auto Show. He said today he has no interest in selling Fiat's Alfa Romeo brand -- despite interest expressed by VW chairman Ferdinand ... (Source: Detroit News 2010-09-30T16:17:38Z)

Police chief's daughter found dead in southeast Charlotte

CHARLOTTE, N.C.-- The search is on for the man police say killed twenty-three year old Valerie Hamilton. Hamilton's body was found inside a mini-storage unit off of Monroe Road early Sunday morning. Police have sworn out murder warrants against Michael ... (Source: msnbc.com 2010-09-20T11:43:10Z)

Magic to offer Dwight Howard extension

Howard has two seasons remaining (including 2010-11) before he can explore free agency. But the Magic don't want to wait that long, and Magic general manager Otis Smith said "of course" the team will offer Howard a new deal, according to the Sentinel. "We ... (Source: ESPN.com 2010-09-28T17:10:07Z)

DOJ charges 2 subsidiaries of Swiss company in deals with oil-for-food program, Mexico utility

WASHINGTON (AP) — The Justice Department has charged two subsidiaries of Swiss company ABB Ltd. with conspiracy to violate an anti-bribery law in deals with the Iraqi government under Saddam Hussein and with a state-owned utility in Mexico. ABB Ltd ... (Source: FOX6Now.com Milwaukee 2010-09-29T21:55:16Z)

30-year mortgage rates back at record low

(Reuters) - U.S. 30-year and 15-year mortgage rates tied or reached record lows in the latest week, according to a survey released Thursday by Freddie Mac, the second-largest U.S. mortgage finance company. While rock-bottom rates offer a glimmer of hope ... (Source: Chicago Tribune 2010-09-30T14:15:57Z)

Nintendo 3DS with 3D technology won't hit stores by Christmas

CHIBA, Japan — Nintendo slashed its earnings forecast by more than half today after announcing that its 3DS game machine, packed with glasses-free 3D technology, won't be ready to go on sale for Christmas. Nintendo now expects 90 billion yen ($1 ... (Source: Detroit Free Press 2010-09-29T15:07:14Z)

No Nintendo 3DS This Holiday Season

Nintendo will spend this Christmas spinning its wheels, for the most part. Some anticipated titles are due to launch this holiday season (such as Shaun White's snowboarding game and Babysitting Mama ) but wiithout the 3DS to strengthen sales, the company's ... (Source: Associated Content 2010-09-30T12:14:15Z)

Swiss company ABB's US unit charged with conspiracy to violate anti-bribery law in Mexico

WASHINGTON - The Justice Department has charged two subsidiaries of Swiss company ABB Ltd. with conspiracy to violate an anti-bribery law in deals with the Iraqi government under former dictator Saddam Hussein and with a state-owned utility in Mexico. ABB ... (Source: Macleans 2010-09-29T23:21:09Z)

Dollar Thrifty shareholders reject Hertz deal; Avis offer could still be in play

THE VOTE: Dollar Thrifty shareholders rejected a buyout offer from Hertz, with 11.8 million votes for the deal and 13.8 million against. THE OFFERS: Hertz was offering $43.60 in cash and 0.6366 shares of common stock of Hertz, for each share of Dollar ... (Source: Los Angeles Times 2010-09-30T20:42:29Z)

Marchionne: no plans to sell Alfa, Fiat Industrial open to alliances

PARIS - Fiat CEO Sergio Marchionne fended off rampant chatter about possible industrial alliances and brand sales at the Paris Auto Show on Thursday. Fiat shareholders this month approved the spinoff of Fiat's industrial business from its automotive unit ... (Source: St. John's Telegram 2010-09-30T18:33:38Z)

Magic to offer Dwight Howard extension next year

The Orlando Magic will offer center Dwight Howard a contract extension in the summer of 2011, well before Howard can become a free agent. Magic general manager Otis Smith told the Orlando Sentinel during Monday's team media day that he will approach Howard ... (Source: Sporting News 2010-09-27T23:45:00Z)

Treasury announces start of sales of $2.2 billion in trust preferred shares of Citigroup

WASHINGTON (AP) — The government says it is starting to sell off $2.2 billion in trust preferred shares it holds in Citigroup, another move to recoup the costs incurred in the $700 billion financial bailout. The Treasury Department says it will start the ... (Source: FOX6Now.com Milwaukee 2010-09-29T13:27:01Z)

Nintendo cuts profit, 3DS not ready for Christmas

Nintendo shares tumbled Thursday after the company said its 3DS game machine, packed with glasses-free 3-D technology, won't be ready to go on sale for Christmas, crushing its earnings forecast by more than half. Nintendo now expects 90 billion yen ($1 ... (Source: AP - msnbc.com 2010-09-30T03:17:23Z)

New Report: Medical Equipment Monthly Deals Analysis: M&A and Investments Trends ...

PRLog (Press Release) – Sep 30, 2010 – GlobalData's "Medical Equipment Monthly Deals Analysis: M&A and Investments Trends - September 2010" report is an essential source of data and trend analysis on the mergers and acquisitions (M&As) and financings ... (Source: PRLog (free press release) 2010-09-30T21:54:04Z)

Dollar Thrifty shareholders reject Hertz deal, means Avis offer still a possibility

CHICAGO (AP) — Dollar Thrifty Automotive Group shareholders have rejected a buyout offer from Hertz, giving an opening for rival bidder Avis Budget Group's offer for the car rental company. Hertz Global Holdings Inc. shares fell $1.12, or 9.7 percent, to ... (Source: Los Angeles Times 2010-09-30T19:38:04Z)

VeriFone Bids to Buyout Hypercom

Electronic payments processing company, VeriFone Systems, Inc. ( PAY - Analyst Report ) recently launched a bid to acquire all of the outstanding shares of rival Hypercom Corporation ( HYC - Snapshot Report ) for $5.25 per share in cash. Headquartered in ... (Source: Zacks.com 2010-09-30T21:46:55Z)

Treasury announces sales of Citigroup shares

The government says it is starting to sell off $2.2 billion in trust preferred shares it holds in Citigroup, another move to recoup the costs incurred in the $700 billion financial bailout. The Treasury Department says it will start the sales Wednesday ... (Source: AP - msnbc.com 2010-09-29T14:02:49Z)

Search warrants offer clues into police chief's daughter's death

CHARLOTTE -- Search warrants in the investigation into the death of Valerie Hamilton, the daughter of Concord Police Chief Merl Hamilton, show that police searched at least three places: Hamilton's Arboretum apartment; the home of Michael Harvey, who is ... (Source: Gaston Gazette 2010-09-30T20:49:39Z)

Treasury announces start of sales of $2.2B in preferred shares of Citigroup

WASHINGTON - The U.S. government says it is starting to sell off US$2.2 billion in trust preferred shares it holds in Citigroup, another move to recoup the costs incurred in the $700-billion financial bailout. The Treasury Department says it will start the ... (Source: Brandon Sun 2010-09-29T14:02:49Z)

off, light volume, ahead of 7-yr sale

NEW YORK, Sept 29 (Reuters) - The prices of U.S. government debt slipped on Wednesday and volume in the market was light as traders prepared for a $29 billion sale of seven-year Treasury notes. The 1 p.m. auction (1700 GMT) will likely be carried out with ... (Source: The Guardian 2010-09-29T12:58:23Z)

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