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 14, 2010, 12:40 am

iCo Therapeutics Selected as Canada's Top 10(TM) Competition Winner

iCo Therapeutics Inc. (TSX VENTURE: ICO) is pleased to announce that the company has been selected as one of Canada's Top 10™ Competition winners. Top 10™ winners are chosen by an independent expert panel of Canadian and U.S. venture capitalists. The ... (Source: msnbc.com 2010-10-13T17:28:07Z)

Body of NJ man who killed 2 sons to go to science

(AP) — Students will benefit from the body of a New Jersey man who was shot by police after he killed two of his sons. Alfred Moton's wife has donated his remains to Mercer County College's mortuary sciences school. Authorities said the 54-year-old shot ... (Source: Newsday 2010-10-13T09:49:59Z)

Icahn supports Lions Gate, MGM merger

NEW YORK (Reuters) - Lions Gate Entertainment Corp has proposed merging with Metro-Goldwyn-Mayer, in a deal that would combine two Hollywood studios that have thrilled audiences with hits including "Mad Men" and "James Bond". The proposal immediately won ... (Source: Reuters 2010-10-12T14:44:40Z)

Brodeur blanks Sabres again

Martin Brodeur made 24 saves for his 111th NHL shutout, and Ilya Kovalchuk scored 53 seconds into overtime to lift the short-handed New Jersey Devils to their first win of the season, 1-0 over the host Buffalo Sabres on Wednesday night. Brodeur, who came ... (Source: Raleigh News & Observer 2010-10-14T06:06:54Z)

Liverpool directors describe temporary restraining order as 'unwarranted'

A temporary restraining order obtained by Liverpool co-owners Tom Hicks and George Gillett late Wednesday night in an attempt to stop a takeover deal was described as "unwarranted and damaging" by the soccer club's directors. The injunction was granted ... (Source: New York Post 2010-10-14T04:12:22Z)

DineEquity to Sell 56 Applebee's

The sale of 36 restaurants in Missouri and Illinois will bring in after-tax proceeds of approximately $26 million, while the Virginia transactions will fetch $12 million. Management expects to close the Missouri and Illinois deal in first quarter 2011 ... (Source: Zacks.com 2010-10-12T16:46:21Z)

Bulgarian charged with identity theft in US pleads innocent

A Bulgarian citizen living in Oregon, United States, identified as Doichin Krustev has pleaded not guilty to identity theft, the private Bulgarian television channel bTV reported on October 13 2010. US authorities accused Krustev, a former Oregon liquor ... (Source: Sophia Echo 2010-10-13T09:07:02Z)

UPDATE 2-DineEquity to sell 56 Applebee's restaurants

* Deals to result in after-tax proceeds of about $38 mln (Adds details on deals, background) DETROIT, Oct 11 (Reuters) - DineEquity Inc ( DIN.N ) said on Monday it plans to sell 56 company-owned Applebee's restaurants as it moves to a more franchised model ... (Source: Reuters 2010-10-11T11:32:34Z)

AOL, buyout firms eye Yahoo takeover: Report

SAN FRANCISCO—Yahoo Inc.'s inability to snap out of a financial funk may be about to turn the embattled Internet company into a takeover target for the second time in less than three years. That possibility, floated in a story posted online late ... (Source: Toronto Star 2010-10-14T06:06:54Z)

Wife of N.J. man who fatally shot two sons before being shot by police will donate his body to ...

PENNSAUKEN — Students will benefit from the body of a New Jersey man who was shot by police after he killed two of his sons. Alfred Moton's wife has donated his remains to Mercer County College's mortuary sciences school. Authorities... (Source: Huffingtonpost.com 2010-10-13T10:18:37Z)

Hudson Resources Joins OTCQX

Pink OTC Markets Inc. (Pinksheets: PINK - News ), the financial information and technology services company that operates the leading electronic quotation and trading system in the U.S. OTC securities market, today announced that Hudson Resources Inc., a ... (Source: Yahoo Finance 2010-10-13T15:12:07Z)

Wife of Pennsauken man who fatally shot two of his sons will donate his body to science

PENNSAUKEN — Students will benefit from the body of a New Jersey man who was shot by police after he killed two of his sons. Alfred Moton's wife has donated his remains to Mercer County College's mortuary sciences school. Authorities said the 54-year-old ... (Source: NJ.com 2010-10-13T09:49:59Z)

Plea deal appears imminent in Ore. identity case

PORTLAND, Ore. — A federal court document suggests a plea bargain is imminent in the case of a Bulgarian man who assumed the identity of a slain boy. Assistant U.S. Attorney Lance Caldwell told The Associated Press on Friday that documents like the ... (Source: Dayton Daily News 2010-10-08T18:31:19Z)

Google to Invest in Mid-Atlantic Wind-Power Project

(Updates with closing share price in final paragraph.) Oct. 12 (Bloomberg) -- Google Inc. said it will invest in a $5 billion underwater transmission network that can harvest electricity from wind farms off the Mid-Atlantic coast and power 1.9 million ... (Source: BusinessWeek 2010-10-12T20:21:06Z)

AOL, Firms Explore an Offer for Yahoo

AOL Inc. and several private-equity firms are exploring making an offer to buy Yahoo Inc., according to people familiar with the matter, devising a bold plan to marry two big Internet brands facing steep challenges. Silver Lake Partners and Blackstone ... (Source: Wall Street Journal 2010-10-14T02:03:31Z)

DineEquity selling 56 more restaurants

DETROIT/LOS ANGELES (Reuters) - DineEquity Inc ( DIN.N ) said it would sell 56 company-owned Applebee's restaurants in Missouri, Illinois and Virginia in deals that should bring in $38 million after taxes, sending its shares up 3.5 percent. The operator of ... (Source: Reuters 2010-10-11T15:35:57Z)

Doitchin Krastev pleads not guity to ID theft

PORTLAND, Ore. (AP) -- A Bulgarian man accused of stealing the identity of a slain Ohio boy has pleaded not guilty to federal charges of identity theft and making false statements to the government. Doitchin Krastev appeared briefly Tuesday in U.S ... (Source: msnbc.com 2010-10-13T14:43:29Z)

Lions Gate Entertainment proposes to combine with MGM, gets financier Carl Icahn's support

NEW YORK (AP) — 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 Tuesday it has sent a proposal for a combination with ... (Source: Chicago Tribune 2010-10-12T12:00:01Z)

Google jumps into wind industry

NEW YORK — Google and a group of technology and investment firms have set aside $1.8 billion to build a network of deep water transmission lines for future wind farms off the East Coast. The transmission lines, which would run lead to the coast from ... (Source: Oregonian 2010-10-12T15:06:08Z)

Google invests in wind power project

Google Inc. says it will invest in a $5 billion underwater transmission network that can harvest electricity from wind farms off the Mid-Atlantic coast and power 1.9 million homes across Virginia, New York and New Jersey. Google will buy a 37.5 percent ... (Source: Detroit News 2010-10-13T22:50:14Z)

No end in sight in Liverpool saga

A £300million deal to sell the club to New England Sports Ventures (NESV) looked set to proceed after Mr Justice Floyd ruled current owners George Gillett and Tom Hicks did not have the power to reconstitute the board and block its preferred deal going ... (Source: FOXSports.com 2010-10-14T06:14:03Z)

Brodeur shutout sparks shorthanded Devils

In need of a win, the New Jersey Devils knew exactly who to turn to. Martin Brodeur made 24 saves for his 111th NHL shutout, and Ilya Kovalchuk scored 53 seconds into overtime to lift the shorthanded Devils to their first win of the season, 1-0, over the ... (Source: Boston Globe 2010-10-14T06:49:51Z)

MGM Resorts, Tracinda selling shares

MGM Resorts International, the largest owner of casinos on the Las Vegas Strip, says it and its largest shareholder are selling stock in the company and that it got an offer for its half of the Borgata hotel and casino in Atlantic City. Kirk Kerkorian's ... (Source: AP - msnbc.com 2010-10-12T22:51:25Z)

AOL Bid For Yahoo Explored

AOL Inc. and several private-equity firms are exploring making an offer to buy Yahoo Inc., according to people familiar with the matter, devising a bold plan to marry two big Internet brands facing steep challenges. Silver Lake Partners and Blackstone ... (Source: Wall Street Journal 2010-10-14T03:22:15Z)

Henry-led group close to Liverpool deal after court clears way

LONDON -- Boston Red Sox owner John Henry arrived at a hastily called meeting of Liverpool's board of directors Wednesday, hoping to complete a takeover of the Premier League club after a British court cleared the way for a sale. The board meeting in ... (Source: CBS Sports 2010-10-14T05:23:57Z)

Icahn supports new Lions Gate-MGM merger proposal: report

Investor Carl Icahn said Tuesday he supports a new Lions Gate new proposal to merge with MGM -- an offer under which MGM would get 55 percent of the combined studio. "We believe that this combination of Lions Gate and MGM would enhance value for all ... (Source: New York Post 2010-10-12T16:10:34Z)

Ovechkin leads Capitals vicotry over Islanders

WASHINGTON -- Nicklas Backstrom deflected in Alex Ovechkin's drive from the point on a power play with 3:39 left, lifting the Washington Capitals to a 2-1 victory over the New York Islanders on Wednesday night. With New York's Blake Comeau off for roughing ... (Source: CBS Sports 2010-10-14T01:49:12Z)

MGM Resorts and Kerkorian's Tracinda selling shares; co. gets offer for Borgata

LAS VEGAS (AP) — MGM Resorts International, the largest owner of casinos on the Las Vegas Strip, says it and its largest shareholder are selling stock in the company and that it got an offer for its half of the Borgata hotel and casino in Atlantic City ... (Source: Chicago Tribune 2010-10-12T22:08:28Z)

Cedar Shopping Centers Closes Purchase of New Jersey Center for $26.3 Million

PORT WASHINGTON, N.Y., Oct. 13 /PRNewswire-FirstCall/ -- Cedar Shopping Centers, Inc. (NYSE: CDR) today announced that it has closed on the purchase of the Cross Keys Place shopping center in Sewell, New Jersey on behalf of the joint venture between Cedar ... (Source: Forbes 2010-10-13T18:39:42Z)

UPDATE 2-MGM Resorts, Tracinda sell shares, price falls

LOS ANGELES, Oct 13 (Reuters) - MGM Resorts International ( MGM.N ) shares fell more than 11 percent on Wednesday as both the largest casino operator on the Las Vegas Strip and its biggest shareholder sell stock in the company. MGM and Tracinda Corp, the ... (Source: Reuters 2010-10-13T19:15:29Z)

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