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 18, 2010, 4:40 am

Northeast Utilities buying Nstar for about $4 billion

N EW YORK — Northeast Utilities says it will buy New England energy company Nstar in a stock-for-stock deal valued at $4.17 billion. The combined company will own six regulated gas and electric utilities serving nearly 3.5 million customers in ... (Source: Boston Herald 2010-10-18T11:17:07Z)

Abel Maldonado, Gavin Newsom set to debate

Republican Abel Maldonado and Democrat Gavin Newsom will face off at 3 p.m. Thursday in a debate between the two major party candidates for California lieutenant governor. Maldonado, a former state senator, was appointed to the post by Gov. Arnold ... (Source: Los Angeles Times 2010-10-07T21:52:56Z)

RPT-PREVIEW-Guy Hands, Citi to face off at trial over EMI

NEW YORK, Oct 14 (Reuters) - Outspoken British financier Guy Hands and his onetime top Citigroup banker friend David Wormsley will take their bitter dispute over whether Hands was duped into overpaying for the legendary EMI music company to a jury trial on ... (Source: Life Style Extra 2010-10-15T07:38:46Z)

Northeast Utilities to acquire New England energy company Nstar in $4.17 billion deal

BOSTON (AP) — Northeast Utilities says it will buy New England energy company Nstar in a stock-for-stock deal valued at $4.17 billion. The combined company will own six regulated gas and electric utilities serving nearly 3.5 million customers in ... (Source: WHO-TV 2010-10-18T10:48:29Z)

Machinists Reject Hawker Beechcraft Offer

Machinists at Hawker Beechcraft voted against a new seven-year contract offer that included a 10 percent pay cut and other concessions aimed at keeping the company from moving out of Kansas. Bob Wood, spokesman for the airplane maker's union, said 55% of ... (Source: KAKE TV 2010-10-18T11:17:07Z)

NHL Capsules: NHL says Coyotes lease will 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 a transition of ownership of the Phoenix Coyotes." The city announced Friday that it had reached an ... (Source: Brownsville Herald 2010-10-17T04:08:48Z)

Lt. governor hopefuls offer experience, charisma

The lieutenant governor of California occupies an office with more responsibility than real power. Besides the most important function -- acting as chief executive when the governor is away -- the state's second in command sits on the California Emergency ... (Source: San Jose Mercury News 2010-10-17T07:00:36Z)

UPDATE 1-Venezuela inks oil deal with Belarus-Chavez

MINSK, Oct 16 (Reuters) - Venezuelan President Hugo Chavez agreed on Saturday to supply the former Soviet republic of Belarus with 30 million tonnes of oil over three years from 2011 in a deal worth as much as $19.4 billion. Belarus has slashed imports of ... (Source: Reuters India 2010-10-16T18:21:49Z)

EU debates new debt rules as euro surges

European finance ministers plan to hash out a deal on stricter budget rules to avoid another government debt crisis, as a surging euro casts doubt on the continent's fragile economic recovery. Two differing proposals spelling out penalties for overspending ... (Source: AP - msnbc.com 2010-10-18T07:42:22Z)

Venezuela inks oil deal with Belarus

MINSK (Reuters) - Venezuelan President Hugo Chavez agreed on Saturday to supply the former Soviet republic of Belarus with 30 million metric tones of oil over three years from 2011 in a deal worth as much as $19.4 billion. Belarus has slashed imports of ... (Source: msnbc.com 2010-10-16T18:28:59Z)

Iranian-American businessman freed from Tehran prison

TEHRAN, Iran — An Iranian-American businessman freed after more than two years in Tehran's main prison visited survivors of a deadly 2008 mosque bombing as a condition of his release in a scripted event Sunday that could carry propaganda value at home ... (Source: San Jose Mercury News 2010-10-18T08:39:38Z)

Jared Boll goes on injured list

COLUMBUS, Ohio -- The Columbus Blue Jackets have placed forward Jared Boll on the injured list and added defenseman Nate Guenin to the roster on emergency recall from the Springfield Falcons of the AHL. The team also announced Saturday that forward Tomas ... (Source: ESPN.com 2010-10-16T18:28:59Z)

BHP and Rio Abandon Australian Iron Mining Tie-Up

BHP Billiton and Rio Tinto on Monday pulled the plug on their plans to form a $116 billion iron ore joint venture after regulators in Australia and elsewhere signaled they would block the deal because of competition concerns, Bettina Wassener reports in ... (Source: New York Times Blogs 2010-10-18T10:12:41Z)

The truth behind 10 big lies this election year

WASHINGTON — Truth may be stranger than fiction in this strange election year, with its talk of witches and demon sheep and all that hocus pocus — but there has been plenty of fiction, too. Candidates and outside attack dogs have spread a liberal dose ... (Source: Houston Chronicle 2010-10-17T04:51:45Z)

Machinists reject Hawker contract offer

Machinists count ballots after Saturday's vote on the Hawker Beechcraft contract proposal. Members of the International Association of Machinists and Aerospace Workers on Saturday voted by 55 percent to reject a seven-year work contract from Hawker ... (Source: Birmingham Business Journal 2010-10-17T17:59:10Z)

Kan. governor says deal reached with Hawker Beechcraft, union to likely keep jobs in Wichita

TOPEKA, Kan. (AP) — An agreement has been reached that could keep "the vast majority" of the Hawker Beechcraft general aviation jobs in the Wichita, Gov. Mark Parkinson said late Tuesday. Parkinson said he brokered a "long-term deal" with the company and ... (Source: Los Angeles Times 2010-10-06T02:34:28Z)

O.C. man freed in Iran denies links to rebel group

TUSTIN RANCH -- The release by Iran of a south Orange County Iranian-American businessman who kept a low profile in the local Persian community has elated members of the group, one of his friends said on Sunday. Reza Taghavi, of Tustin Ranch, was released ... (Source: msnbc.com 2010-10-18T04:14:47Z)

Fund orders for AIA IPO to close early on strong demand

HONG KONG (Reuters) - American International Group Inc (NYSE: AIG - News ) is set to close the institutional book for the $15 billion AIA Group IPO two days ahead of plan, amid signs the IPO has been swamped by orders from traditional funds and high ... (Source: Yahoo Finance 2010-10-18T07:35:12Z)

BHP, Rio Scrap Plans to Form World's Biggest Iron Ore Exporter

BHP Billiton ( BHP ) and Rio Tinto ( RIO ) gave up on plans to form the world's biggest iron-ore exporter, citing regulatory requirements. Regulators in Asia and Europe wanted the companies to implement changes, including asset sales, that the companies ... (Source: Daily Finance 2010-10-18T11:02:48Z)

Guy Hands, Citi to face off at trial over EMI

NEW YORK (Reuters) - Outspoken British financier Guy Hands and his onetime top Citigroup banker friend David Wormsley will take their bitter dispute over whether Hands was duped into overpaying for the legendary EMI music company to a jury trial on Monday ... (Source: Reuters UK 2010-10-14T21:58:57Z)

Venezuela inks oil deal with Belarus-Chavez

MINSK Oct 16 (Reuters) - Venezuela signed a deal on Saturday to supply the former Soviet republic of Belarus with 30 million tonnes of oil in 2011-2013, President Hugo Chavez said. "You are allowing us to create new routes to sell our oil," Chavez told his ... (Source: Reuters India 2010-10-16T17:17:24Z)

AIA Said to Stop Taking Fund Orders for IPO Early

(Updates with comment from fund manager in fourth paragraph.) Oct. 18 (Bloomberg) -- AIA Group Ltd.'s initial public offering will stop taking orders from institutional investors two days earlier than planned in the share sale that may be boosted to $20 ... (Source: BusinessWeek 2010-10-18T05:12:02Z)

American visits Iran blast site under freedom deal

An Iranian-American businessman freed after more than two years in Tehran's main prison visited survivors of a deadly 2008 mosque bombing as a condition of his release in a scripted event that could carry propaganda value at home. Iranian authorities did ... (Source: AP - msnbc.com 2010-10-18T06:02:09Z)

Anti-austerity protests frame difficult debate over new EU burget rules

LUXEMBOURG (AP) — European finance ministers locked horns Monday over stricter budget rules to avoid another government debt crisis as protests against spending cutbacks rattled France and Italy — a sign of the politically difficult choices ahead ... (Source: Daily Press 2010-10-18T11:09:57Z)

PREVIEW-Guy Hands, Citi to face off at trial over EMI

NEW YORK, Oct 14 (Reuters) - Outspoken British financier Guy Hands and his onetime top Citigroup ( C.N ) banker friend David Wormsley will take their bitter dispute over whether Hands was duped into overpaying for the legendary EMI music company to a jury ... (Source: Reuters 2010-10-14T21:51:47Z)

EU finance ministers will be put to the test

LUXEMBOURG — European finance ministers plan to hash out a deal on stricter budget rules to avoid another government debt crisis, as a surging euro casts doubt on the continent's fragile economic recovery. Two differing proposals spelling out penalties ... (Source: The Chronicle Herald 2010-10-18T09:08:16Z)

Northeast Utilities to buy Nstar in $4.17B deal

Northeast Utilities says it will buy New England energy company Nstar in a stock-for-stock deal valued at $4.17 billion. The combined company will own six regulated gas and electric utilities serving nearly 3.5 million customers in Connecticut ... (Source: AP - msnbc.com 2010-10-18T10:55:38Z)

European Stocks Drop; BHP, Rio Slide After Ending Joint Venture

Monday, October 18, 2010 Oct. 18 (Bloomberg) -- European stocks fell as BHP Billiton Ltd. and Rio Tinto Group scrapped an iron ore joint venture and Royal Philips Electronics NV said it's "cautious" on the outlook for sales. Asian shares and U.S. index ... (Source: San Francisco Gate 2010-10-18T10:48:29Z)

AIG Receives Strong Demand for AIA Group IPO, Reuters Says

American International Group Inc. 's sale of its Asian life insurance business has received strong demand, Reuters reported, citing unnamed people with direct knowledge of the matter. Investors bid for five times the number of AIA Group Ltd. shares being ... (Source: Bloomberg 2010-10-09T15:38:20Z)

Latest Ohio Sports:,

CLEVELAND (AP) Ramunas Siskauskas scored 22 points and Jamont Gordon added 19 to help CSKA Moscow beat the Cleveland Cavaliers 90-87 in an exhibition game Saturday night. CSKA Moscow, which finished its tour of NBA teams with a 1-2 record, broke away from ... (Source: WCBD 2010-10-17T07:07:46Z)

Blog Archive