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 12, 2010, 10:41 am

Pfizer's $3.6 Billion Deal for King Boosts Pain Drug Focus

Oct. 12 (Bloomberg) -- Pfizer Inc.'s $3.6 billion purchase of King Pharmaceuticals Inc. adds abuse-resistant narcotics to help the drugmaker expand its share of the $22 billion market for painkillers. Pfizer, the world's largest drugmaker, will pay $14 ... (Source: BusinessWeek 2010-10-12T17:00:40Z)

UPDATE 4-Lions Gate seeks MGM deal, gets Icahn's support

NEW YORK, Oct 12 (Reuters) - Lions Gate Entertainment Corp ( LGF.N ) has proposed merging with Metro-Goldwyn-Mayer in a deal that would combine two studios that have thrilled audiences with hits including "Mad Men" and "James Bond," but also face a full ... (Source: Reuters 2010-10-12T17:07:50Z)

Summary Box: Pfizer buying King for $3.6B

A look at Pfizer Inc.'s plan to buy King Pharmaceuticals Inc. THE PRICE: $3.6 billion, or $14.25 per share. FOR PFIZER: The deal expands Pfizer's portfolio and would give it access to King's pain drugs and drug candidates, along with the allergy injection ... (Source: AP - msnbc.com 2010-10-12T17:22:09Z)

Liverpool sale to Red Sox owners uncertain amid court hearing and new offers

LONDON - Liverpool's proposed takeover by the owners of the Boston Red Sox is uncertain after a Singapore businessman raised his offer for the Premier League club on Tuesday and lawyers representing the current owners said a third group is also making a ... (Source: Minneapolis Star Tribune 2010-10-12T16:24:53Z)

Food staff workers strike at 3 area hospitals

ALLENTOWN - Food service workers at three Allentown-area hospitals are on a one-day strike as a national union tries to reach a contract deal with the company that staffs the kitchens. Employees of Sodexo staged the one-day walkout at Lehigh Valley ... (Source: Philadelphia Daily News 2010-10-12T11:31:23Z)

Sodexo workers strike at Valley hospitals

Food service workers employed by Sodexo at three Lehigh Valley hospitals walked off the job Monday to protest what they say are low wages, poor benefits and anti-union tactics. The workers also held a mid-afternoon rally in front of Lehigh Valley Hospital ... (Source: Allentown Morning Call 2010-10-12T04:29:03Z)

Food staff workers strike at 3 E. Pa. hospitals

ALLENTOWN, Pa. (AP) — Food service workers at three Allentown-area hospitals are on a one-day strike as a national union tries to reach a contract deal with the company that staffs the kitchens. Employees of Sodexo staged the one-day walkout at Lehigh ... (Source: NECN 2010-10-11T18:49:14Z)

Airgas Trial on Air Products Bid to Focus on Meeting

(Corrects size of Airgas board in third paragraph.) Oct. 1 (Bloomberg) -- Airgas Inc., trying to fend off a $5.5 billion hostile bid from Air Products & Chemicals Inc., may face an uphill fight at trial next week when it challenges a new bylaw that moves ... (Source: BusinessWeek 2010-10-01T16:16:27Z)

Greece raises $1.6B in oversubscribed debt sale

ATHENS, Greece— Greece raised euro1.17 billion ($1.63 billion) Tuesday in a sale of 26-week treasury bills that was both oversubscribed and saw a drop in borrowing costs. The sale, originally for euro900 million, received bids worth 4.22 times the total ... (Source: Boston Globe 2010-10-12T15:49:05Z)

Faces & Names: Leno visits troops in Palin hometown

Late night talk show host Jay Leno dropped by Sarah Palin's hometown to help open an Air Force Reserve recruiting office. The host of "The Tonight Show" was in Alaska to perform a show Saturday at Joint Base Elmendorf-Richardson in Anchorage. He also ... (Source: Duluth News Tribune 2010-10-12T04:29:03Z)

Lions Gate - MGM deal in the works

NEW YORK — Lions Gate is offering to combine its business with MGM in a deal supported by billionaire investor Carl Icahn, who owns stakes in both studios. Lions Gate Entertainment Corp. said today that it has sent a proposal for a combination with ... (Source: Oregonian 2010-10-12T14:44:40Z)

Liverpool sale goes to court amid new bids

LONDON -- Liverpool's proposed takeover by the owners of the Boston Red Sox is uncertain after a Singapore businessman raised his offer for the Premier League club on Tuesday and lawyers representing the current owners said a third group is also making a ... (Source: ESPN.com 2010-10-12T13:11:36Z)

Report: Moss said no to Belichick's offer to discuss contract

New England Patriots coach Bill Belichick was rebuffed by Randy Moss during training camp when he approached the wide receiver about a contract extension, The Boston Globe reported Sunday. The source told The Globe that Belichick initially told Moss, who's ... (Source: NFL 2010-10-10T20:59:16Z)

Confident Rays send David Price to mound against Cliff Lee, aim to finish improbable comeback

ST. PETERSBURG, Fla. - Rays manager Joe Maddon spoke matter-of-factly, assessing Tampa Bay's chances of completing an improbable comeback against the Texas Rangers in the opening round of the AL playoffs. Down 2-0 after losing the first two games of the ... (Source: Minneapolis Star Tribune 2010-10-12T16:53:31Z)

Israel offers deal with conditions

JERUSALEM - Israeli Prime Minister Benjamin Netanyahu on Monday said for the first time that he would extend the settlement restrictions in the West Bank - if the Palestinians recognize Israel as the Jewish national homeland. The idea, while innocuous to ... (Source: Philadelphia Daily News 2010-10-12T06:59:22Z)

Liverpool sale heads to court

LONDON -- Liverpool's proposed takeover by the owners of the Boston Red Sox is uncertain after a Singapore businessman raised his offer for the Premier League club on Tuesday and lawyers representing the current owners said a third group is also making a ... (Source: ESPN.com 2010-10-12T14:16:02Z)

Belichick downplays report of Brady-Moss spat

FOXBOROUGH, Mass.— Bill Belichick says a reported altercation involving Tom Brady and Randy Moss is news to him. That was the response of the New England Patriots coach when he was asked Monday if he could confirm the report on a CBS pregame show Sunday ... (Source: Boston Globe 2010-10-11T18:27:45Z)

Texas Rangers (2-2) at Tampa Bay Rays (2-2), 8:07 p.m.

The Tampa Bay Rays attempt to become just the second team to win a a best-of-five American League Division Series after losing the first two games at home, as they try to advance to the ALCS this evening in a decisive Game 5 against the Texas Rangers at ... (Source: Miami Herald 2010-10-12T14:44:40Z)

Greece Raises $1.63 Billion in Bond Sale

ATHENS (AP) — Greece raised 1.17 billion euros ($1.63 billion) Tuesday in a sale of 26-week treasury bills that was both oversubscribed and saw a drop in borrowing costs. The sale, originally for 900 million euros, received bids worth 4.22 times the ... (Source: New York Times 2010-10-12T12:07:11Z)

Israel PM's freeze offer slammed as ploy to stall talks

JERUSALEM (AFP) – Prime Minister Benjamin Netanyahu's offer of a freeze on settlement building in exchange for Palestinian recognition of Israel's Jewish identity was widely seen on Tuesday as a ploy to complicate US-backed peace efforts. Netanyahu on ... (Source: YAHOO! 2010-10-12T09:08:13Z)

Israel deputy PM: Cabinet officials doubt there can be peace deal with Palestinians soon

JERUSALEM - An Israeli deputy prime minister says members of the Cabinet's decision-making circle doubt a peace deal with the Palestinians can be reached in the near future. Moshe Yaalon's remarks appear contrary to Prime Minister Benjamin Netanyahu's ... (Source: Minneapolis Star Tribune 2010-10-12T08:32:26Z)

Air Products to judge: Airgas offer not the final one

GEORGETOWN, Del. – Air Products & Chemicals Inc. took its nearly yearlong fight to buy Airgas Inc. for $5.5 billion to court here Monday, with the Allentown company's top executives arguing that the Airgas board's refusal to negotiate is unfair to ... (Source: Philadelphia Daily News 2010-10-05T07:00:31Z)

Faces & Names: Cox and Arquette separate

Courteney Cox and David Arquette announced Monday they have been separated for some time but said they remain committed parents and "best friends." The actors released a joint statement announcing what they are calling a trial separation. "The reason ... (Source: Duluth News Tribune 2010-10-12T06:30:44Z)

Greece raises 1.17 billion euros in treasury bill sale

Athens - Greece raised 1.17 billion euros (2.36 billion dollars) in an oversubscribed sale of 26-week treasury bills, the Public Debt Management Agency in Athens said on Tuesday. Investors bid 4.22 times the amount for the 900 million euros of T-bills on ... (Source: Earthtimes 2010-10-12T12:50:08Z)

Game 5 of Rays-Rangers officially sold out

It's officially a sellout. The final tickets for Game 5 tonight of the American League Division Series between the Tampa Bay Rays and Texas Rangers were sold this morning. The crowd will include seating in obstructed-view sections at Tropicana Field that ... (Source: msnbc.com 2010-10-12T17:14:59Z)

Airgas Loses Bid to Invalidate Meeting-Date Bylaw

(Updates with excerpts from judge's decision starting in third paragraph.) Oct. 9 (Bloomberg) -- Airgas Inc., trying to fend off a $5.5 billion hostile bid from Air Products & Chemicals Inc., lost a bid to invalidate a new bylaw that shortens the date ... (Source: BusinessWeek 2010-10-09T16:49:55Z)

Report: Randy Moss spurned Pats' offer

New England Patriots coach Bill Belichick approached Randy Moss about opening negotiations for a contract extension during this summer's training camp but was brushed off by the receiver, who said the parties could talk after the season, according to a ... (Source: ESPN.com 2010-10-11T15:28:48Z)

Pfizer will buy King Pharmaceuticals for $3.6B

Pfizer Inc. said Tuesday it will buy a company specializing in pain drugs in a $3.6 billion deal meant to shore up the portfolio of the world's largest drug company. The deal to by King Pharmaceutical Inc. is Pfizer's largest since it bought rival Wyeth ... (Source: AP - msnbc.com 2010-10-12T17:07:50Z)

Jay Leno drops by Palin hometown, helps cut ribbon for opening of recruiting office

ANCHORAGE, ALASKA — Late night talk show host Jay Leno dropped by Sarah Palin's hometown to help open an Air Force Reserve recruiting office. The host of "The Tonight Show" was in Alaska to perform a show Saturday at Joint Base Elmendorf-Richardson in ... (Source: San Francisco Examiner 2010-10-11T07:43:31Z)

Lions Gate Suggests Merger With MGM

Lions Gate Entertainment Corp. has made a merger offer with ailing Metro-Goldwyn-Mayer Inc. and disclosed the move has the backing of Lions Gate's three biggest shareholders. The largest is Carl Icahn, who has been pushing for such a deal since at least ... (Source: Wall Street Journal 2010-10-12T13:40:14Z)

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