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, 9:42 pm

Hon Hai Falls Most in 4 Weeks After Convertibles Sale

(Adds equity analyst comment in third paragraph.) Oct. 1 (Bloomberg) -- Hon Hai Precision Industry Co., the world's largest contract manufacturer of electronics, fell the most in four weeks after selling $1 billion of unsecured bonds which can be ... (Source: BusinessWeek 2010-10-01T05:32:12Z)

BP Plc Stock Rising, Dividend Could Return

BP Plc (NYSE:BP) stock has been rising this week, and news that the company might re-instate its dividend in 2011 is welcome to long-suffering investors. BP Plc (LON:BP) is expected to return to paying a dividend in 2011, the Wall Street Journal reported ... (Source: Times of the Internet 2010-10-01T13:46:07Z)

Dell bets China will remain fast-growing market for personal computers

SEATTLE — Dell Inc. is making a $100 billion bet that China will remain one of the fastest-growing markets for personal computers over the next decade. Dell said Thursday it plans to open a manufacturing, sales and service center in Chengdu in 2011 that ... (Source: Lubbock Avalanche-Journal 2010-09-20T05:09:27Z)

Blackhawks deal Pens their first defeat of preseason

CHICAGO The "Madhouse on Madison" played host to the past two Stanley Cup champions on Friday night. Advantage: reigning champs. Second-period goals by right wings Fernando Pisani and Patrick Sharp helped the Chicago Blackhawks hand the Penguins their ... (Source: Pittsburgh Tribune-Review 2010-10-02T03:00:42Z)

PMA Capital bought by Chicago insurer

Old Republic International Corp. completed its purchase of PMA Capital Corp., Blue Bell, in an all-stock deal, the companies said today. The price was about $240 million, based on Old Republic's current stock price and the number of shares PMA had ... (Source: Philadelphia Daily News 2010-10-01T16:09:17Z)

PMA Capital shareholders OK sale to Old Republic

BLUE BELL, Pa. - PMA Capital Corp. said Tuesday its shareholders have approved insurer Old Republic International Corp.'s bid for PMA. The shareholder vote clears the way for the $228 million, all-stock transaction to close Oct. 1 as planned. Under the ... (Source: CNBC 2010-09-21T22:33:23Z)

Venezuela gives BP approval to discuss assets sale

CARACAS (Reuters) - Venezuela has granted BP (LSE: BP.L - News ; NYSE: BP - News ) permission to negotiate the sale of its assets in the South American OPEC member, Venezuelan Oil Minister Rafael Ramirez said on Sunday. Last month, he said BP would need ... (Source: Yahoo Finance 2010-09-26T13:59:13Z)

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)

Dell Makes $100 Billion Bet on China

Dell Inc. is making a $100 billion bet that China will remain one of the fastest-growing markets for personal computers over the next decade. Dell said Thursday it plans to open a manufacturing, sales and service center in Chengdu in 2011 that could ... (Source: Enterprise Security Today 2010-09-19T23:54:30Z)

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)

Hossa, Blackhawks down Penguins

Chicago, IL (Sports Network) - Marian Hossa scored two goals and Corey Crawford made 26 saves, as the Chicago Blackhawks defeated the Pittsburgh Penguins, 5-2, in preseason action from the United Center. Patrick Sharp, Patrick Kane and Fernando Pisani also ... (Source: KSDK 2010-10-02T03:50:48Z)

Aviation among three programs to close at St. Cloud State University

Earlier this week, university president Earl H. Potter III announced his decision to close the bachelor degree programs in aviation and general biology and the masters degree program in geography. In a letter to campus colleagues, Potter wrote: "The ... (Source: Marketplace.publicradio.org 2010-09-29T23:56:57Z)

AIG reaches deal to repay billions to taxpayers

NEW YORK — AIG, which became a lightning rod for criticism over government bailouts, said it reached a deal to repay billions of dollars it received during the credit crisis. The plan announced today could return a profit to taxpayers who footed the bill ... (Source: Oregonian 2010-09-30T15:41:51Z)

SCSU targets aviation program for closure

ST. CLOUD, Minn. -- St. Cloud State University is moving closer to eliminating its aviation program as the school deals with state budget cuts. The school said Tuesday that aviation is among three programs identified for closure. The other two are the ... (Source: msnbc.com 2010-09-29T20:43:41Z)

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)

BP to Resume Dividends

This article has been adapted from our sister site across the pond,   Fool UK . BP 's (NYSE: BP ) long, slow climb back toward respectability took another significant step on Thursday, with new chief executive Bob Dudley hinting that the company may ... (Source: Motley Fool 2010-10-01T18:46:46Z)

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)

Penguins Notebook: NHL holding lottery for Winter Classic tickets

Registration for the lottery to buy Winter Classic tickets has begun at www.nhl.com/winterclassictickets and will run through 11:59 a.m. Oct. 11. This is the only general-public sale for the Jan. 1 game, which will feature the Penguins and the Washington ... (Source: Pittsburgh Post-Gazette 2010-09-19T05:03:29Z)

Schwarzenegger, Calif. legislators reach budget deal

SACRAMENTO, CALIF. — Gov. Arnold Schwarzenegger and legislative leaders said they struck a comprehensive agreement after an intensive five-hour meeting tonight, signaling an end to California's record-long budget stalemate after 93 days. Virtually no ... (Source: Asbury Park Press 2010-10-02T02:53:32Z)

St. Cloud State targets aviation program for closure

St. Cloud State University is moving closer to eliminating its aviation program as the school deals with state budget cuts. The school said Tuesday that aviation is among three programs identified for closure. The other two are the bachelor's in general ... (Source: Pioneer Press 2010-09-29T12:29:45Z)

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)

Pens fall to Blackhawks

CHICAGO — Marian Hossa scored two goals and Corey Crawford stopped 26 shots to lead the Chicago Blackhawks to a 5-2 preseason win over the Pittsburgh Penguins on Friday night. Fernando Pisani, Patrick Sharp and Patrick Kane also scored for Chicago (2-4-0 ... (Source: Tribune-Democrat 2010-10-02T03:50:48Z)

Calif. gov, legislative leaders reach budget deal

Gov. Arnold Schwarzenegger and legislative leaders said they struck a comprehensive agreement after an intensive five-hour meeting Friday night, signaling an end to California's record-long budget stalemate after 93 days. Virtually no details were released ... (Source: AP - msnbc.com 2010-10-02T03:07:51Z)

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)

Old Republic completes purchase of PMA Capital

PMA Capital Corp. said Friday its sale to fellow insurer Old Republic International Corp. for $365 million has been completed. The deal, announced June 10, includes $228 million in stock and the assumption of $137 million of debt by Chicago-based Old ... (Source: Philadelphia Business Journal 2010-10-01T15:26:20Z)

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)

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)

Kovalchuk mess truly a deal with the devil

The NHL made clear its disdain for New Jersey's attempt to circumvent the CBA with its initial offer to coveted free agent winger Ilya Kovalchuk . Yep, a $3 million fine has a way of capturing attention, not to mention the first-round pick the Devils ... (Source: Boston Globe 2010-09-19T05:24:58Z)

Calif. Leaders Reach Budget Deal

SACRAMENTO, Calif. -- Gov. Arnold Schwarzenegger and legislative leaders said they struck a comprehensive agreement after an intensive five-hour meeting Friday night, signaling an end to California's record-long budget stalemate after 93 days. No details ... (Source: ClickOnDetroit.com 2010-10-02T04:12:17Z)

NHL Divisional Preview: Atlantic

It was a long but productive summer for the Devils. The team won the favour of Ilya Kovalchuk — but getting the NHL's approval was a much longer wait. The cap hit may average out to $6.66 million US a season (an ominous sign indeed) over the 15-year pact ... (Source: CBC Olympics 2010-10-01T14:57:42Z)

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