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 / October 1, 2010, 2:43 am

Spain's hurting economy hit hard again by Moody's government debt downgrade

MADRID (AP) — Spain's hurting economy got hit again Thursday with yet another downgrade of its government debt by a major ratings agency, meaning the nation's borrowing costs will likely rise as it struggles to cut its deficit amid gloomy economic ... (Source: Los Angeles Times 2010-09-30T10:34:02Z)

Ireland to pump €12 billion more into debt-hit banks; total bill to reach €45 billion

DUBLIN (AP) — Europe 's debt crisis dumped more woe on Ireland's shellshocked taxpayers Thursday, as the government announced it must pour €12 billion ($16 billion) more of their money into a crippled banking system. Coupled with the downgrade of Spain ... (Source: Orlando Sentinel 2010-09-30T16:46:16Z)

Court rules Muslims, Hindus must share holy site

For 150 years, Hindus and Muslims both claimed a site that is sacred to their religions. On Thursday, a court came up with a compromise: Split it. Both sides said they would appeal, and the muted reaction to the potentially explosive verdict generated ... (Source: Tulsa World 2010-10-01T07:26:44Z)

Pioneer Diversified High Income Trust (NYSE Amex: HNW) Required Notice to Shareholders ...

BOSTON, Sep 30, 2010 (BUSINESS WIRE) -- Pioneer Diversified High Income Trust (NYSE Amex: HNW) today reported sources of distribution for this fiscal year to date from the following sources: Net Investment Income; Net Realized Short-Term Capital Gains; Net ... (Source: CNBC 2010-09-30T17:07:45Z)

UPDATE: Asian Shares Mostly Up; Bargain Hunting Aids Tokyo

SINGAPORE (Dow Jones)--Asian stock markets were mostly higher Friday, with some beaten down stocks in Tokyo attracting buyers amid hopes the Bank of Japan will announce additional monetary easing measures to support the economy at its policy meet next week ... (Source: Wall Street Journal 2010-10-01T04:06:18Z)

West Bank Construction Resumes in Ariel After Freeze

(Updates with comment from settler leader in fourth paragraph.) Sept. 27 (Bloomberg) -- Building resumed today in the settlement of Ariel and other sites across the West Bank after a 10-month freeze declared by Israeli Prime Minister Benjamin Netanyahu ... (Source: BusinessWeek 2010-09-27T08:57:23Z)

Israel's West Bank settlement slowdown expires; no Palestinian decision to quit peace talks

REVAVA, West Bank (AP) — Jewish settlers released balloons and broke ground on a kindergarten in celebration Sunday as a 10-month construction slowdown expired, while U.S. and Israeli leaders tried to figure out how to keep Palestinians from walking out ... (Source: Chicago Tribune 2010-09-27T07:02:51Z)

Tony Curtis was an actor of unexpected range

Tony Curtis, Bronx hoodlum, Hollywood pretty boy and actor of unexpected range in Sweet Smell of Success (1957), The Defiant Ones (1958), and Some Like It Hot (1959), died of cardiac arrest Wednesday at his home in Henderson, Nev. He was 85. Genetically ... (Source: Philadelphia Daily News 2010-10-01T06:58:06Z)

Indian Court Splits Holy Site Between Muslims and Hindus

A place holy for two religions, the site in Ayodhya, India has been a flash point between Hindus and Muslims. Today, a court ruled that it should be split in three parts, one for Muslims, and two parts for two different Hindu groups. The site was where the ... (Source: NPR News 2010-10-01T06:43:47Z)

Japan PM says to take firm steps on yen rise

TOKYO Oct 1 (Reuters) - Japanese Prime Minister Naoto Kan said on Friday the government would keep taking decisive action to curb the yen's rise as needed and urged the central bank to take further necessary steps to end deflation. The yen's strength is ... (Source: Reuters 2010-10-01T05:03:34Z)

Japan Sold $25 Billion of Yen in Market Intervention

(Updates with Japanese officials' comments and the Bank of Japan's outlook in fourth, fifth, sixth paragraphs.) Oct. 1 (Bloomberg) -- Japan sold 2.12 trillion yen ($25 billion) in the month through Sept. 28, the Ministry of Finance said in Tokyo ... (Source: BusinessWeek 2010-10-01T03:30:31Z)

Tony Curtis Dies: Career Legend Factbox

Tony Curtis, whose good looks made him a Hollywood star well before he became an accomplished actor in hits such as "Some Like It Hot" and "The Sweet Smell of Success," died at his home in Nevada, ABC News reported on Thursday. He was 85. Here are some ... (Source: Post Chronicle 2010-10-01T09:21:16Z)

Japan PM concerned over China's widening maritime activity as 3 Japanese freed return

TOKYO - Japan's prime minister expressed concern Friday over China's strengthening military power and expanding maritime activity in Asia, including waters near disputed islands where a ship collision ignited a bitter diplomatic feud. Prime Minister Naoto ... (Source: Minneapolis Star Tribune 2010-10-01T08:24:00Z)

Unemployment rate falls for largest metro areas

WASHINGTON (AP) — Unemployment fell in nearly two-thirds of the nation's 372 largest metro areas last month, the broadest improvement since May. The jobless rate dropped in 230 cities in August, the Labor Department said Wednesday. It rose in 95 cities ... (Source: The Herald 2010-09-30T12:57:12Z)

U.S. Economy: Business Activity Picks Up, Claims Fall

(Updates with closing market prices in fifth paragraph.) Sept. 30 (Bloomberg) -- Business activity in the U.S. unexpectedly accelerated and fewer workers filed claims for jobless benefits, easing concern the world's largest economy is retrenching further ... (Source: BusinessWeek 2010-09-30T20:21:01Z)

Asian Stocks Fluctuate as Oil Shares Gain, Japanese Banks Drop

Oct. 1 (Bloomberg) -- Asian stocks fluctuated, keeping the MSCI Asia Pacific Index on course for a fifth consecutive weekly advance, as higher crude-oil prices boosted Australian oil producers, while Japanese banks declined. BHP Billiton Ltd., Australia ... (Source: BusinessWeek 2010-10-01T00:45:52Z)

Spain's Credit Rating Cut by Moody's; Bonds Rise

(Adds 2011 debt-issuance plan in seventh paragraph.) Sept. 30 (Bloomberg) -- Spain's top credit rating was cut one level by Moody's Investors Service, which cited a "weak" economic outlook and doubts that the nation will reach deficit- reduction ... (Source: BusinessWeek 2010-09-30T12:57:12Z)

Ireland's Bank Bailout Mounts, Swelling Deficit

Brian Lenihan, the Irish minister of finance, said Thursday that the bailout of Anglo Irish Bank , whose losses on real estate loans led to its costly rescue and have since threatened the stability of the country's economy, would come to 29.3 billion ... (Source: New York Times Blogs 2010-09-30T08:46:40Z)

Last laugh for humble-born Tony Curtis

"Yondah lies the castle of my faddah," is the probably apocryphal line cited to ridicule the young, impossibly handsome Tony Curtis, who died Wednesday at the age of 85. Whether or not he said it, Curtis - born Bernard Schwartz in the Bronx in 1925 ... (Source: Boston Herald 2010-10-01T07:48:13Z)

Japan PM warns on China as 3 freed Japanese return

Japan's prime minister has raised concerns about China's widening maritime activity across Asia, including waters near disputed islands where a ship collision ignited a bitter diplomatic feud. Prime Minister Naoto Kan's comments came in a major policy ... (Source: AP - msnbc.com 2010-10-01T06:08:00Z)

Strategic Global Income Fund, Inc. - Distribution Characteristics for September 2010

NEW YORK--(BUSINESS WIRE)--Strategic Global Income Fund, Inc. (the "Fund") (NYSE: SGL - News ), a non-diversified, closed-end management investment company seeking a high level of current income as a primary objective and capital appreciation as a ... (Source: Yahoo Finance 2010-09-30T21:18:17Z)

Indian Supreme Court dismisses plea that sought to delay verdict on Ayodhya holy site

NEW DELHI - The Indian Supreme Court rejected Tuesday a plea to delay judgment on whether Hindus or Muslims should control a disputed holy site, clearing the way for a verdict in the explosive case later this week. The fight over the compound in the ... (Source: Minneapolis Star Tribune 2010-09-24T23:55:43Z)

US pressing Israel to halt West Bank construction

Washington's special Mideast envoy on Wednesday was trying to wring an agreement out of Israel to bar new West Bank settlement construction and put foundering peace talks back on track. President Barack Obama dispatched George Mitchell on an emergency ... (Source: AP - msnbc.com 2010-09-29T13:05:33Z)

Japan P.M. concerned over China's maritime expansion

TOKYO (AP) — Japan 's prime minister expressed concern Friday over China 's strengthening military power and expanding maritime activity in Asia , including waters near disputed islands where a ship collision ignited a bitter diplomatic feud. Prime ... (Source: USA Today 2010-10-01T06:43:47Z)

Ireland to pump euro12 billion more into debt-hit banks; total bill to reach euro45 billion

DUBLIN (AP) — Ireland will have to pump euro12 billion ($16 billion) more into the country's crippled banking system, dealing more grief to shellshocked Irish taxpayers. Irish government leaders described the total bill to fix their banks, about euro45 ... (Source: New York's PIX11 / WPIX-TV 2010-10-01T08:09:41Z)

Jobless rates fall in majority of cities

WASHINGTON - Unemployment fell in nearly two-thirds of the nation's 372 largest metro areas last month, the broadest improvement since May. The jobless rate dropped in 230 cities in August, the Labor Department said Wednesday. It rose in 95 cities and was ... (Source: Observer-Reporter 2010-10-01T07:48:13Z)

Ireland faces "horrendous" bank bill, Spain downgraded

By Carmel Crimmins DUBLIN (Reuters) - Ireland disclosed a "horrendous" worst case price tag of over 50 billion euros ($68 billion) on Thursday for bailing out its distressed banks and said it would have to make more drastic budget savings. The euro dipped ... (Source: msnbc.com 2010-09-30T15:06:03Z)

Japanese Stocks Gain as U.S. Economic Data Boosts Confidence

Oct. 1 (Bloomberg) -- Japanese stocks rose as U.S. reports on economic growth, unemployment and business activity boosted confidence in a global recovery. Canon Inc., the world's biggest camera maker, and Honda Motor Co., a carmaker, climbed at least 1 ... (Source: San Francisco Gate 2010-10-01T07:48:13Z)

MFS Releases Closed-End Fund Income Distribution Sources for Certain Funds

BOSTON - (Business Wire) MFS Investment Management ® (MFS) released today the distribution income sources for three of its closed-end funds for September 2010: MFS ® Intermediate Income Trust (NYSE: MIN), MFS ® Government Markets Income Trust (NYSE: MGF ... (Source: Earthtimes 2010-09-30T19:59:32Z)

Asian Stocks Rise, Set for Fifth Weekly Advance; Banks Decline

Friday, October 1, 2010 Oct. 1 (Bloomberg) -- Asian stocks rose, driving the MSCI Asia Pacific Index to a fifth consecutive weekly advance, as energy companies gained on higher oil prices. A brokerage downgrade dragged down Mizuho Financial Group Inc. BHP ... (Source: San Francisco Gate 2010-10-01T09:06:57Z)

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