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, 7:42 am

Stocks rise ahead of ISM report

NEW YORK - U.S. stocks rose Friday as signs of strong manufacturing growth in China drove markets higher worldwide. The Dow Jones industrial average rose 77 points in early morning trading. China's key reading on manufacturing activity jumped in September ... (Source: AZCentral.com 2010-10-01T14:00:26Z)

HTC Aria at Optus in Australia in Mid-October

Today, Taiwanese mobile phone maker HTC Corporation announced the launch of a new Android-based smartphone on the market in Australia, namely the HTC Aria, which should be released exclusively on Optus' network in mid-October. The new handset comes with ... (Source: Softpedia 2010-09-28T08:27:34Z)

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)

Dell Streak Now on Sale in Australia

Computer maker Dell has just made available its first Android-based tablet on the market in Australia, the Dell Streak, which is now available for purchase in the country via wireless carrier Optus. Boasting a 5-inch touchscreen display that boasts a 800 x ... (Source: Softpedia 2010-10-01T12:56:01Z)

Treasury announces sale of Citigroup shares

WASHINGTON -- The government said Wednesday it is starting to sell $2.2 billion in trust preferred shares that it holds in Citigroup , another move to recoup the costs incurred in the $700 billion financial bailout. The Treasury Department said the pace of ... (Source: Forbes 2010-09-29T14:31:27Z)

Stocks edge higher to open quarter as manufacturing activity rises as slower pace in September

NEW YORK — Stocks are pulling back from their morning highs after a key reading on manufacturing showed the pace of expansion in the sector slowed last month. The Institute for Supply Management said its manufacturing index fell to 54.4 last month from ... (Source: Washington Examiner 2010-10-01T14:29:04Z)

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

WASHINGTON (AP) — The government said Wednesday it is starting to sell $2.2 billion in trust preferred shares that it holds in Citigroup , another move to recoup the costs incurred in the $700 billion financial bailout. The Treasury Department said the ... (Source: Los Angeles Times 2010-09-29T18:13:21Z)

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

WASHINGTON (AP) - The U.S. 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 ... (Source: Today Online 2010-09-29T15:21:33Z)

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)

Comic-Con Stays in San Diego Through 2015

After months of speculation and several delayed decisions, the organizers of Comic-Con: International have announced the show will stay in San Diego through 2015. The convention had been entertaining bids to move to Los Angeles or Anaheim when its current ... (Source: Animation Magazine 2010-10-01T13:53:17Z)

Pentagon: China agrees to resume normal military ties after freeze over Taiwan arms sales

WASHINGTON - The Pentagon says a recent chill in U.S.-China military ties is beginning to thaw. A Pentagon spokesman says China agreed to resume maritime talks next month, and will send officials to Washington later this year. China froze military contacts ... (Source: Minneapolis Star Tribune 2010-09-29T16:04:30Z)

FACTBOX-China M&A activity, energy deals and Brazil investment

Oct 1 (Reuters) - Chinese refiner Sinopec Group and Spanish oil major Repsol ( REP.MC ) have agreed to form a $17.8 billion joint venture to exploit Repsol's Brazilian oil deposits, Repsol said on Friday. [ID:nLDE69007U] Fast-growing, resource-hungry China ... (Source: Reuters 2010-10-01T11:22:58Z)

Pentagon: China agrees to restore military ties with US, ending freeze over Taiwan arms sales

WASHINGTON — China and the United States have agreed to resume normal military contacts after a period of estrangement over U.S. arms sales to Taiwan, the Pentagon said Wednesday. The two nations will hold talks on maritime security in Hawaii in October ... (Source: Washington Examiner 2010-09-29T17:59:02Z)

China, U.S. Resume Military Talks After Break Over Sales of Arms to Taiwan

The U.S. and China will resume military talks broken off after the Obama administration announced an arms sale to Taiwan earlier this year, starting with a meeting on maritime issues next month, a Pentagon spokesman said. That discussion will be followed ... (Source: Bloomberg 2010-09-29T22:52:32Z)

Stocks rise on Chinese, US manufacturing growth

Stocks are pulling back from their morning highs after a key reading on manufacturing showed the pace of expansion in the sector slowed last month. The Institute for Supply Management said its manufacturing index fell to 54.4 last month from 56.3 a month ... (Source: Forbes 2010-10-01T14:14:45Z)

Sorry, Anaheim; Comic-Con Inks Deal to Stay in San Diego

The unconventional convention Comic-Con will stay in its birthplace for at least five years, according to published reports. Several news outlets, including Entertainment Weekly , reported Thursday that Comic-Con had committed to staying in San Diego "for ... (Source: NBC Los Angeles 2010-10-01T14:14:45Z)

Australia lagging on commercial clicks

Australian small and medium businesses have been slow to get online, lagging behind Europe and the US, despite hard evidence that those businesses that use the internet well do better. A recent survey of 1000 Australian businesses found that only 35 per ... (Source: Sydney Morning Herald 2010-10-01T01:35:59Z)

Repsol in $7.1 Billion Brazil Deal With Sinopec

Repsol , the Spanish oil company, said Friday that it had sold a 40 percent stake in its Brazilian unit to Sinopec for $7.1 billion as it prepares to develop offshore fields like those that led to the $70 billion Petrobras I.P.O. last week. The deal, which ... (Source: New York Times Blogs 2010-10-01T11:44:26Z)

Hertz Ends Hunt for Dollar Thrifty, Leaving Clear Path for Avis

Oct. 1 (Bloomberg) -- Hertz Global Holdings Inc. ended its attempt to acquire Dollar Thrifty Automotive Group Inc. after shareholders rejected the deal, clearing the way for Avis Budget Group Inc.'s $1.53 billion takeover offer. Investors holding about ... (Source: BusinessWeek 2010-10-01T03:59:09Z)

Continental Agrees Deal With Flight Attendants

Continental Airlines said on Thursday that it reached a tentative agreement on a contract with the union that represents its flight attendants. The airline, which United Airlines parent UAL is buying, said the International Association of Machinists and ... (Source: Airwise 2010-10-01T00:17:14Z)

AIG to sell 2 Japanese life insurance units to Prudential Financial for about $4.2 billion

NEW YORK (AP) — AIG , which reportedly is close to a deal that would allow the U.S. government to exit its ownership interest, says it will sell its two Japanese life insurance units to Prudential Financial Inc. for about $4.2 billion in cash. The ... (Source: Los Angeles Times 2010-10-01T04:34:56Z)

AIG reaches deal to repay government

New York -- AIG said today it reached a deal to repay the government billions of dollars in assistance it received during the credit crisis. The U.S. Treasury Department will swap debt it currently holds in AIG for common stock and then sell those shares ... (Source: Detroit News 2010-10-01T11:22:58Z)

At Least 7 Dead In Nigeria Blasts

Today was set as a celebration of 50 years of independence in Nigeria. Militants warned there is "nothing worth celebrating after 50 years of failure." They followed those words with bombs. A car bomb detonated in Eagle Square in the capital Abuja as a ... (Source: NPR News 2010-10-01T12:27:23Z)

AIG, U.S. Agree on an Exit Deal; Making It Work Will Be Tougher

The U.S. government will sell off its stake in American International Group Inc., under a plan that could end the controversial bailout sooner than many thought but that remains fraught with risk. Analysts cautioned that executing the plan, which will ... (Source: Wall Street Journal 2010-10-01T02:26:05Z)

UPDATE 1-Continental reaches pact with flight attendants

ATLANTA, Sept 30 (Reuters) - Continental Airlines Inc ( CAL.N ), which United Airlines parent UAL Corp ( UAUA.O ) is buying, said on Thursday that it reached a tentative agreement on a labor contract with the union that represents its flight attendants ... (Source: Reuters 2010-09-30T16:39:07Z)

Repsol Sells Brazil Stake to Sinopec for $7.1 Billion

Repsol SA of Spain announced the sale of 40% of its Brazilian assets to China Petrochemical Corp. for $7.1 billion, in one of the largest Chinese oil acquisitions to date. The deal guarantees Repsol key funding to explore vast and coveted offshore oil ... (Source: Wall Street Journal 2010-10-01T14:00:26Z)

Explosions kill 7 near Nigeria independence day ceremony

ABUJA, Nigeria (AP) — Two car bombs blew up on Friday as Nigeria celebrated its 50th independence anniversary, killing at least seven people in an unprecedented attack on the capital by suspected militants from the country's oil region. The Movement for ... (Source: Washington Times 2010-10-01T12:48:51Z)

Continental, flight attendants reach contract

(Reuters) - Continental Airlines Inc. , which is being bought by United Airlines parent UAL Corp., said Thursday that it reached a tentative agreement on a labor contract with the union that represents its flight attendants. The airline said the ... (Source: Chicago Tribune 2010-09-30T17:00:35Z)

Explosions kill at least 7 near Nigeria ceremony

Two car bombs blew up on Friday as Nigeria celebrated its 50th independence anniversary, killing at least seven people in an unprecedented attack on the capital by suspected militants from the country's oil region. The Movement for the Emancipation of the ... (Source: AP - msnbc.com 2010-10-01T13:46:07Z)

Comic Con Staying in San Diego Through 2015

There's not too much more to this than what's in the headline; after a great deal of back and forth about possibly moving the San Diego Comic Con to another city, such as Anaheim, the con has decided to stay put. The organization had previously been ... (Source: Slashfilm.com 2010-10-01T07:33:54Z)

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