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 16, 2010, 2:39 pm

FDA Will Rescind Approval of Knee Implant Device

WASHINGTON -- The U.S. Food and Drug Administration said it should not have approved a collagen-based knee implant called Menaflex under the 510(k) process and will seek to revoke the product's clearance after meeting with its manufacturer. The product ... (Source: ABC News 2010-10-15T16:42:48Z)

FDA admits error in fast approval of knee implant

The Food and Drug Administration acknowledged Thursday that it made a mistake in overruling its scientists and approving a knee implant after the agency was lobbied by four members of Congress. The FDA said in a statement that it would seek to remove the ... (Source: Los Angeles Times 2010-10-15T02:59:36Z)

Three Iowa judges may face angry voters

DES MOINES — Three Iowa Supreme Court justices who were part of a unanimous decision last year to allow same-sex marriage may pay the price next month as voters decide whether to keep them on the bench. A new Des Moines Register Iowa Poll released Monday ... (Source: USA Today 2010-10-05T01:09:46Z)

NC police: Someone other than relatives saw missing 10-year-old girl alive in late September

HICKORY, N.C. - Police say a missing 10-year-old North Carolina girl was seen in public as recently as two weeks before she was reported missing. The tip that she was seen on Sept. 25 is significant because investigators said previously they couldn't find ... (Source: Minneapolis Star Tribune 2010-10-16T16:48:46Z)

Sale of Liverpool soccer team another loss for Tom Hicks

Tom Hicks lost his soccer team Friday after pulling his own legal punches, allowing the Liverpool Football Club's board to sell the storied franchise out from under him. It's the latest humiliation in sports ownership for Hicks, who appears to be on his ... (Source: Dallas Morning News 2010-10-16T04:52:56Z)

Liverpool sale complete

Red Sox owner John Henry stretched his sports empire across the Atlantic yesterday, completing what amounted to a hostile takeover of Liverpool FC, one of the cornerstone teams of the English Premier League. Team owners Tom Hicks and George Gillett gave up ... (Source: Boston Globe 2010-10-16T07:59:03Z)

Trunkbow International plans $125M IPO

Chinese cell telephone application provider Trunkbow International Holdings Ltd. said Friday it hopes to raise $125.5 million in an initial public offering. The Beijing-based company detailed Friday in a regulatory filing that it intends to offer 16.1 ... (Source: AP - msnbc.com 2010-10-15T20:24:42Z)

NHL says Hulsizer, Glendale deal will 'finally' lead to sale of team

PHOENIX (AP) — The NHL is praising the lease agreement between Chicago investor Matthew Hulsizer and the city of Glendale, saying it will "finally lead to the transition of ownership of the Phoenix Coyotes ." The city announced Friday that it had reached ... (Source: Chicago Tribune 2010-10-16T17:53:11Z)

New Radio Spot Backs Iowa Judges Who Favored Gay Marriage

An advocacy group formed to support 3 Iowa judges marked for ouster by gay marriage foes has launched a new radio campaign. Fair Courts for Us began airing the ads in 7 markets on Friday and promised to expand coverage next week. In the spot, former ... (Source: On Top Magazine 2010-10-16T14:18:27Z)

NHL: Phoenix Coyotes lease will lead to sale of team

The NHL is praising the lease agreement between Chicago investor Matthew Hulsizer and the city of Glendale, saying it will "finally lead to a transition of ownership of the Phoenix Coyotes." The city announced Friday that it had reached an agreement in ... (Source: AZCentral.com 2010-10-16T18:50:27Z)

Warsaw Exchange Starts Share Sale, Extending IPO Boom

(Adds bourse earnings from eighth paragraph.) Oct. 14 (Bloomberg) -- The Warsaw Stock Exchange starts taking orders tomorrow for an initial public offering that will make it the first bourse operator in emerging Europe to go public. Bookbuilding for ... (Source: BusinessWeek 2010-10-14T07:18:29Z)

Vander Plaats: Restoring ban on gay marriage begins with judicial retention vote

CEDAR FALLS, Iowa — Former Republican gubernatorial candidate Bob Vander Plaats says his effort to oust three Iowa Supreme Court justices is just the first step to restoring the state's ban on same-sex marriage and keeping courts in check. Vander ... (Source: Quad-Cities Times 2010-10-16T11:48:07Z)

U.S. Businessman Freed From Iran After 30 Months Behind Bars

Carrying a small bag and showing a relieved smile, Reza Taghavi, a 71-year-old businessman from Los Angeles, walked out of Tehran's Evin prison today after 30 months behind bars. "Sometimes I feel relief, sometimes, I feel angry. What happened? 2 ½ years ... (Source: ABC News 2010-10-16T17:53:11Z)

Angry Hicks claims Liverpool 'swindle'

Former Liverpool co-owner Tom Hicks is "devastated" about the sale of the club and says it was "swindled away from me in an epic swindle". On Friday, New England Sports Ventures completed the £300million takeover of the club following a frenetic week that ... (Source: FOXSports.com 2010-10-16T10:22:13Z)

Shares of Anadys Pharma tumble as it prices $25 million stock offering at a discount

SAN DIEGO — Anadys Pharmaceuticals Inc. said Friday it has priced its offering of nearly 13.9 million shares at $1.80 each, marking a 13.5 percent discount to Thursday's closing price of $2.08. Shares fell 43 cents, or 21 percent, to $1.65 in morning ... (Source: Washington Examiner 2010-10-15T15:24:03Z)

Body Central begins trading on Nasdaq

Body Central Corp.'s stock climbed 2 percent in its first day of trading on the Nasdaq Global Market. Shares of the young women's clothing company gained 26 cents, or 2 percent, to $13.26 in midday trading. The stock went as high as $14.49 earlier in the ... (Source: San Francisco Gate 2010-10-15T15:24:03Z)

NC police: Missing girl seen alive in September

Police say a missing 10-year-old North Carolina girl was seen in public as recently as two weeks before she was reported missing. The tip that she was seen on Sept. 25 is significant because investigators said previously they couldn't find anyone outside ... (Source: AP - msnbc.com 2010-10-16T16:48:46Z)

Iran releases California man held for 2 years

WASHINGTON -- Iran on Saturday set free an American businessman jailed in Tehran for more than two years on suspicion on ties to an allegedly violent opposition group, his lawyer said. Reza Taghavi, 71, hadn't been charged with a crime and denied knowingly ... (Source: KABC 2010-10-16T20:44:59Z)

FDA: ReGen's knee device should not have been approved

ReGen Biologics Inc.'s orthopedic knee device shouldn't have been cleared for marketing in 2008, U.S. regulators said after a one-year investigation into complaints that political pressure led to the decision. The Food and Drug Administration will ... (Source: NJ.com 2010-10-14T20:25:53Z)

Anadys' Stock Sale Doesn't Just Dilute

ThinkEquity cut its rating on the stock to hold from buy following news of the $25 million equity sale, saying it thinks the shift in strategy toward raising money on its own and away from trying to establish a joint venture with or buyout by a larger drug ... (Source: Street.Com 2010-10-15T21:50:36Z)

Toilet paper assault charge to be filed

FRAMINGHAM, Mass. - A Massachusetts man is facing an assault charge for allegedly hitting a town hall custodian on the back of the head with a roll of toilet paper because he was angry the cleaning man was whistling while he worked. Framingham police say ... (Source: AZCentral.com 2010-10-15T14:55:25Z)

NHL says Coyotes lease will lead to sale of team

PHOENIX -- The NHL is praising the lease agreement between Chicago investor Matthew Hulsizer and the city of Glendale, saying it will "finally lead to the transition of ownership of the Phoenix Coyotes ." The city announced Friday that it had reached an ... (Source: ESPN.com 2010-10-16T17:53:11Z)

ReGen Device Shouldn't Have Been Approved, FDA Says

ReGen Biologics Inc. 's orthopedic knee device shouldn't have been cleared for marketing in 2008, U.S. regulators said after a one-year investigation into complaints that political pressure led to the decision. The Food and Drug Administration will ... (Source: Bloomberg 2010-10-14T19:42:56Z)

Massachusetts man to be charged with toilet paper assault

FRAMINGHAM, Mass. -- A Massachusetts man is facing an assault charge for allegedly hitting a town hall custodian on the back of the head with a roll of toilet paper because he was angry the cleaning man was whistling while he worked. Framingham police say ... (Source: San Jose Mercury News 2010-10-15T15:59:51Z)

FDA: ReGen Biologic Device Should Not Have Been Cleared for Marketing

The US Food and Drug Administration said Thursday that a ReGen Biologics' orthopedic device used in knee surgery should have never been cleared for marketing in the US. The announcement comes after a year-long FDA reevaluation of scientific evidence ... (Source: FOXBusiness 2010-10-14T22:20:25Z)

Iran frees U.S. businessman held for 30 months: report

Iran has freed a 71-year-old U.S. businessman who had been held in prison for 2 1/2 years on accusations of giving money to an alleged anti-government group, ABC News reported on Saturday. "Sometimes I feel relief, sometimes, I feel angry," Reza Taghavi ... (Source: msnbc.com 2010-10-16T19:54:53Z)

FDA to Revoke Knee-Device Approval, Saying It Erred

The Food and Drug Administration on Thursday said it planned to revoke a medical-device company's right to sell a knee implant called Menaflex after an unprecedented yearlong review concluded the agency erred in allowing it on the market. The FDA's top ... (Source: Wall Street Journal 2010-10-15T12:03:37Z)

Anadys's Stock Sale Doesn't Just Dilute

NEW YORK (TheStreet) -- The dilution of a new stock offering is usually bad enough, but the sell-off in Anadys Pharmaceuticals ( Symbol : ANDS ) on Friday was exacerbated by the perception that the San Diego-based biotech struck out with potential ... (Source: Inside Fidelity 2010-10-15T21:29:08Z)

Friends say missing North Carolina girl's stepmother was angry

HICKORY, N.C. (AP) — To relatives and former neighbors, Elisa Baker had a short fuse. In interviews and court documents, they portrayed her as nasty-tempered and willing to use a gun or her fists to settle an argument and say her disabled stepdaughter ... (Source: Chicago Sun-Times 2010-10-13T23:04:33Z)

Man Charged In Toilet Paper Assault

FRAMINGHAM, Mass. -- A Framingham man is facing an assault charge for allegedly hitting a town hall custodian on the back of the head with a roll of toilet paper he threw because he was angry the man was whistling while he worked. Framingham police said 55 ... (Source: Boston Channel 2010-10-15T14:33:57Z)

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