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, 2:40 pm

Southwest Airlines reaches deal with pilots' union over use of new plane

DALLAS (AP) — Southwest Airlines has a tentative labor deal with its pilots' union that will allow it to use a new Boeing plane. The airline said Thursday that directors of the union unanimously approved a tentative deal covering use of the Boeing 737 ... (Source: Chicago Tribune 2010-10-14T17:48:24Z)

Apple Anoints Verizon with iPad, and Maybe iPhone

In the first official acknowledgment of a partnership between Verizon Wireless and Apple, the companies announced Thursday that the iPad will be available in Verizon stores, beginning Oct. 28. Bundled with a Verizon mobile hot spot, the Wi-Fi-only iPad ... (Source: YAHOO! 2010-10-14T21:08:50Z)

British judge's ruling overrides Dallas restraining order halting sale of Tom Hicks-owned Liverpool ...

LONDON – A British judge has granted an injunction against Liverpool owners that could clear the way for the club's sale to the parent company of the Boston Red Sox. High Court Judge Christopher Floyd issued an order Thursday against the legal action ... (Source: Dallas Morning News 2010-10-14T17:05:27Z)

Plea Deal Sought in Guantánamo Case

WASHINGTON — As prosecutors at the naval base at Guantánamo Bay , Cuba, prepare to resume the first trial before a military commission under the Obama administration, government officials and defense lawyers have stepped up negotiations over a potential ... (Source: New York Times 2010-10-14T20:11:34Z)

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

LAS VEGAS (AP) — Casino giant MGM Resorts International said Tuesday that it plans to issue up to 47 million shares of common stock while billionaire investor Kirk Kerkorian, its largest shareholder, is selling more nearly 32 million of the shares he ... (Source: Los Angeles Times 2010-10-12T23:05:44Z)

Israel, Palestinian Peace Deal Possible Within Year, U.S. Says

Oct. 13 (Bloomberg) -- Israel and Palestinians can still reach a peace agreement, even with the current impasse over extending a moratorium on Israeli settlements, a U.S. official said. "We believe this can be resolved in a year's time," State ... (Source: BusinessWeek 2010-10-13T01:36:04Z)

5 pct of GM stock set aside for employees in IPO

Five percent of General Motors' common shares are being set aside for employees and dealers to buy in the company's initial stock sale. GM disclosed the amount Thursday in a filing with the U.S. Securities and Exchange Commission. GM says it asked ... (Source: AP - msnbc.com 2010-10-14T17:55:34Z)

Southwest reaches deal with pilots over new plane

Southwest Airlines has a tentative labor deal with its pilots' union that will allow it to use a new Boeing plane. The airline said Thursday that directors of the union unanimously approved a tentative deal covering use of the Boeing 737-800. As part of ... (Source: AP - msnbc.com 2010-10-14T20:54:31Z)

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)

Nevada's MGM Resorts, Tracinda price shares at $12.65

Casino company MGM Resorts International hopes to raise as much as $595 million by pricing 47 million new shares at $12.65 each, the company said Wednesday. The Las Vegas-based company said its largest investor, billionaire Kirk Kerkorian, plans to sell as ... (Source: Reno Gazette 2010-10-14T20:18:44Z)

Peak 10 closes on sale to Welsh Carson

Private-equity firm Welsh, Carson, Anderson Stowe has become the majority owner of Peak 10 Inc. , closing on a deal valued at more than $400 million. Peak 10's existing management team, led by Chief Executive David Jones, will continue to operate the ... (Source: Business Courier 2010-10-05T18:13:24Z)

Lawyers discuss child soldier's plea deal

MIAMI -- A military judge Thursday postponed by one week the resumption of the war crimes trial of Guantanamo captive Omar Khadr as lawyers for the government and Khadr negotiated toward a plea deal to avert his "child-soldier" terrorism trial. Khadr, 24 ... (Source: Sacramento Bee 2010-10-14T20:47:22Z)

New offer, no agreement over Israel settlements

The Palestinians swiftly rejected an offer Monday by Israeli Prime Minister Benjamin Netanyahu to renew a freeze on West Bank settlement construction in exchange for recognizing Israel as a Jewish nation-state. "If the Palestinian leadership will say ... (Source: msnbc.com 2010-10-11T18:27:45Z)

CVS to pay $78 million to settle meth ingredient probe

SAN FRANCISCO (Reuters) - CVS Caremark Corp has agreed to pay $77.6 million to settle an investigation that its drugstores allowed widespread sales of cough medicines used to manufacture the illegal stimulant methamphetamine. CVS Pharmacy Inc, a subsidiary ... (Source: Reuters 2010-10-14T20:40:12Z)

GM setting aside 5 percent of stock for employees, dealers in IPO

Detroit — Five percent of General Motors' common shares are being set aside for employees and dealers to buy in the company's initial stock sale. GM disclosed the amount today in a filing with the U.S. Securities and Exchange Commission. GM says it asked ... (Source: Detroit News 2010-10-14T16:51:08Z)

APNewsBreak: CVS fined for sale of meth ingredient

LOS ANGELES -- CVS Pharmacy Inc. has agreed to pay $75 million in fines for allowing repeated purchases of a key ingredient in the making of methamphetamine in at least five states that also led to a spike in Southern California drug trafficking ... (Source: Washington Post 2010-10-14T20:11:34Z)

Major Settlement Reached in Chinese Drywall Drama

A major settlement in the Chinese drywall saga was reached on Thursday in New Orleans. A federal judge there signed off on an agreement between some homeowners and importers, manufacturers and distributors of Knauf Plasterboard Tianjin (KPT) Chinese ... (Source: Wall Street Journal 2010-10-14T20:11:34Z)

Liverpool sale saga lurches on after new twist

LONDON (Reuters) - Liverpool's bitter ownership wrangle rumbled into Thursday after George Gillett and Tom Hicks launched an 11th hour legal bid to stop the club being sold to Boston Red Sox owner John W Henry. Weeks of bitterness appeared to be drawing to ... (Source: Reuters 2010-10-14T10:53:13Z)

Deal Reached in Chinese Drywall Case

NEW ORLEANS—A Chinese drywall manufacturer, suppliers, builders and insurers have agreed to repair homes in four states under an agreement to fix damage from corrosion-causing drywall. U.S. District Judge Eldon Fallon expressed optimism that Thursday's ... (Source: Wall Street Journal 2010-10-14T17:26:56Z)

Web Host Peak 10 Closes Sale to Equity Firm Welsh Carson

(WEB HOST INDUSTRY REVIEW) -- Web hosting provider and data center operator Peak 10 ( www.peak10.com ) and private equity firm Welsh, Carson, Anderson & Stowe ( www.welshcarson.com ) announced on Wednesday it has closed a transaction in which Welsh Carson ... (Source: WHIR 2010-10-06T17:36:25Z)

Chinese Drywall Home-Repair Deal Wins Court Approval

(Updates with cost settlement in first paragraphs.) Oct. 14 (Bloomberg) -- A federal judge endorsed a plan for a Knauf Group unit to help repair 300 homes damaged by defective drywall, the first step toward a potential settlement of legal claims estimated ... (Source: BusinessWeek 2010-10-14T18:59:59Z)

5% of GM stock set aside for employees in IPO

The initial sale of GM's stock is expected to take place in November. A date and price at which shares will be sold have not been set officially. GM Chairman Ed Whitacre thinks GM's stock will be priced at between $20 and $25 a share. Employees and dealers ... (Source: Cleveland Plain Dealer 2010-10-14T16:36:49Z)

London court rules against American owners in fight over sale of Liverpool

LONDON - A British judge has granted an injunction against Liverpool owners that could clear the way for the club's sale to the parent company of the Boston Red Sox. High Court Judge Christopher Floyd issued an order Thursday against the legal action taken ... (Source: Minneapolis Star Tribune 2010-10-14T16:36:49Z)

Apple iPad and iPhone expand to Walmart, Target, Verizon stores, no deals on devices but shop ...

Apple iPads and iPhones are expanding their reach as a growing number of retailers are announcing they will be hawking the devices at their stores, including Walmart, Target, AT&T and Verizon stores. Cost: For the most part, don't expect better prices on ... (Source: Sun-Sentinel (blog) 2010-10-14T15:32:24Z)

Airline Biz blog: Southwest Airlines, pilots reach deal on larger Boeing 737 planes

Southwest Airlines and its pilots' union have agreed to terms that would allow Southwest to bring a larger version of the Boeing737 into the carrier's fleet, the carrier and union said Thursday. "We share the company's enthusiasm for the added revenue this ... (Source: Dallas Morning News 2010-10-14T14:56:36Z)

Apple's iPad to go on sale at 4,200 Verizon and AT&T stores

Both Verizon Wireless and its mobile über-rival AT&T announced Thursday that the companies' chains of thousands of U.S. retail stores would be carrying Apple's iPad starting on Oct. 28, in time for the holiday buying season. The simultaneous announcements ... (Source: Los Angeles Times 2010-10-14T20:54:31Z)

Peak 10 closes sale to equity firm Welsh Carson Anderson & Stowe

Peak 10 Inc. , which operates a data center in Tampa, has closed its sale to Welsh Carson Anderson & Stowe . Terms were not disclosed. Along with the new owners, a credit line worth $155 million was opened with RBC Capital Markets and General Electric ... (Source: Tampa Bay Business Journal 2010-10-05T18:34:52Z)

Lawyers working on deal for youngest at Guantanamo

The Canadian lawyer for the youngest detainee at Guantanamo Bay said Thursday that his defense team is working on a deal to settle charges that he allegedly killed a U.S. soldier in Afghanistan. Lawyer Nathan Whitling said a potential deal is in the works ... (Source: AP - msnbc.com 2010-10-14T20:54:31Z)

UPDATE 3-CVS to pay $78 mln to settle meth ingredient probe

SAN FRANCISCO, Oct 14 (Reuters) - CVS Caremark Corp ( CVS.N ) has agreed to pay $77.6 million to settle an investigation that its drugstores allowed widespread sales of cough medicines used to manufacture the illegal stimulant methamphetamine. CVS Pharmacy ... (Source: Reuters 2010-10-14T20:40:12Z)

Palestinian Authority counters Israeli offer on settlements

JERUSALEM - Responding to an offer by Israeli Prime Minister Binyamin Netanyahu to extend a freeze on building in West Bank settlements if Palestinians recognize Israel as the Jewish state , a top Palestinian official said Wednesday that such recognition ... (Source: Washington Post 2010-10-14T08:01:26Z)

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