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, 7:40 am

Old Mutual Says HSBC Terminates Offer Talks For Nedbank - Quick Facts

(RTTNews) - Anglo-South African insurer Old Mutual plc (OML.L: News ) announced that it has been informed that HSBC Holdings plc (HBC: News ,HSBA.L: News ) will not proceed with a partial offer for Nedbank following the expiry of the agreed exclusivity ... (Source: RTT News 2010-10-15T09:18:59Z)

FIFA's Amos Adamu to face ethics panel over World Cup votes

Z URICH — FIFA executive committee member Amos Adamu will face an ethics panel hearing Wednesday after being implicated in a bribery scandal involving the vote for the 2018 and 2022 World Cups. The Nigerian told The Associated Press at FIFA headquarters ... (Source: Boston Herald 2010-10-18T13:47:26Z)

UPDATE 1-EDF wants meeting over Constellation disputes-sources

NEW YORK, Oct 16 (Reuters) - French power company EDF ( EDF.PA ) is proposing to hold an "all hands" meeting with U.S. partner Constellation Energy Group Inc ( CEG.N ) on Tuesday, in an effort to resolve disputes over their nuclear project and a ... (Source: Reuters 2010-10-16T17:38:52Z)

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)

J&J's recalls, drug pipeline & 2 deals likely to dominate 3Q earnings report for investors

NEW BRUNSWICK, N.J. — Health care giant Johnson & Johnson will be hoping to take some of the focus off the manufacturing problems that have led to 11 product recalls, multiple government probes and public embarrassment when it reports its third-quarter ... (Source: Washington Examiner 2010-10-15T21:29:08Z)

Constellation asks $1 for stake in nuclear plant

Constellation Energy Group Inc. offered Friday to sell its stake in a Maryland nuclear plant project to its French partner for $1. Constellation said it would seek reimbursement of $117 million for its share of developing the project. The offer was ... (Source: AP - msnbc.com 2010-10-15T21:50:36Z)

AMD holding off on tablets, admits iPad cannibalizing notebooks

AMD Chief Executive Dirk Meyer weighed in on the iPad's impact on sales of netbooks and notebooks, surmising that Apple's tablet has cannibalized both. Meanwhile, the company is waiting for the market to develop before committing R&D resources to ... (Source: Apple Insider 2010-10-15T05:37:04Z)

Offer on Calvert Cliffs, with a catch

Constellation Energy offered Friday to sell its 51 percent interest in a nuclear power joint venture to its French partner, but it refused to set aside a hotly disputed option Constellation thinks entitles it to sell the French firm a dozen aging power ... (Source: Washington Post 2010-10-16T10:07:54Z)

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)

Attention AOL, Private Equity We Know The Exact Price You Need To Offer For Yahoo

Private equity firms Silver Lake and Blackstone keep calling AOL CEO Tim Armstrong and asking him if he'd like to merge with Yahoo and take the whole thing private. It's all very pie-in-the-sky at the moment; Yahoo hasn't even been included in the talks ... (Source: Yahoo Finance 2010-10-14T18:45:40Z)

J&J seeks dismissal of complaint alleging it paid kickbacks to hike drug sales

BOSTON (AP) — Johnson & Johnson is asking a judge to dismiss a complaint accusing the health care giant of paying millions in kickbacks so nursing homes would put more patients on its popular schizophrenia medication and other drugs. The government and ... (Source: Chicago Tribune 2010-10-07T16:52:17Z)

FIFA to investigate bribery report

ZURICH -- FIFA executive committee member Reynald Temarii acknowledged Sunday that he made a mistake talking with undercover reporters about deals for his World Cup hosting vote, but he defended his integrity. Temarii said he met FIFA president Sepp ... (Source: ESPN.com 2010-10-18T13:25:58Z)

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)

DEALTALK-Bankers balk at AOL-Yahoo deal scenario

AOL reported second-quarter total revenue of $584 million, with $297 million from advertising revenue. Yahoo's advertising revenue made up a majority of its $1.6 billion total revenue over the same period. The combination would lead to a very large content ... (Source: Reuters 2010-10-15T16:14:10Z)

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)

Yahoo Sale Speculation Loses Steam

The buzz Thursday morning was all about reports that AOL and buyout firms might cobble together a complicated bid for Yahoo . But the air might have deflated from that talk by Thursday afternoon: Yahoo shares were up only about 3.8 percent, at $15.83, far ... (Source: New York Times Blogs 2010-10-14T20:04:25Z)

Recent high-profile assaults have raised concern about non-revocable parole status

OAKLAND -- Alexander Diaz, a 36-year-old Cuban national, was released from California's Delano State Prison in early February as a state-supervised parolee after serving four months of a 16-month sentence for grand theft. Five months later, Diaz went off ... (Source: Inside Bay Area 2010-10-18T06:59:25Z)

FIFA's Temarii: Mistake to talk about World Cup deals

ZURICH - FIFA executive committee member Reynald Temarii has acknowledged he made a mistake talking to undercover reporters about deals for his World Cup hosting vote. Temarii tells The Associated Press that he met FIFA President Sepp Blatter on Sunday to ... (Source: Philadelphia Daily News 2010-10-18T07:49:31Z)

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)

Philippines Typhoon Megi Pictures

Filipino villagers make their way through typhoon Megi's strong winds and rain in Isabela province, northern Philippines, 18 October 2010. Weather officials said typhoon Megi is the strongest storm in 2010. Around 3,000 residents were evacuated from low ... (Source: Monsters and Critics 2010-10-18T14:16:04Z)

Panel hearings over Merck's dispute with J&J end

Sunday, Oct. 17, 2010 | 12:19 a.m. Drugmaker Merck & Co. said Thursday it doesn't expect arbitrators to rule until sometime next year on its multi-billion-dollar dispute with Johnson & Johnson over rights to two lucrative drugs for immune disorders. That's ... (Source: Las Vegas Sun 2010-10-17T07:29:14Z)

AMD (AMD) CEO Says iPad is Eating Up Sales of Notebooks

Advanced Micro Devices Inc (NYSE: AMD ) said that it will weight for the market to develop before committing R&D resources toward tablet processors, adding that the Apple Inc. (NASDAQ: AAPL ) iPad is cannibalizing the sales of netbooks and notebooks. AMD ... (Source: StreetInsider.com 2010-10-15T12:25:06Z)

HSBC walks away from Nedbank deal

HSBC has left Old Mutual stunned by pulling the plug on its interest in the Anglo-South African group's stake in Nedbank without warning at the end of two months of due diligence into the South African lender. The UK bank, one of the world's largest ... (Source: Financial Times 2010-10-15T18:58:48Z)

PRSA-San Francisco and Mechanics Bank Team Up to Offer Free Public Relations Workshop for Nonprofit ...

The San Francisco Chapter of the Public Relations Society of America (PRSA-SF) and Mechanics Bank have teamed up to offer a free public relations workshop for the public relations and marketing staffs of the Bay Area's nonprofit organizations. The November ... (Source: msnbc.com 2010-10-14T18:52:50Z)

3 Northern California teens plead no contest to rock throwing

TAHOE CITY -- Three Northern California teenagers accused of breaking the jaw of a driver when they were throwing rocks at cars on a Northern California interstate will serve time in juvenile detention. As part of plea deal, 17-year-old Sean Steele and 16 ... (Source: Inside Bay Area 2010-10-17T00:19:44Z)

UPDATE 4-AMD eyes stronger PC demand, holds off on tablets

SAN FRANCISCO, Oct 14 (Reuters) - Consumers will likely buy more PCs in the fourth quarter but manufacturers will continue to use up components they had over-accumulated in recent months, chipmaker Advanced Micro Devices Inc ( AMD.N ) said on Thursday. Two ... (Source: Reuters 2010-10-15T00:14:57Z)

HSBC's talks for $8 billion Nedbank deal fall through

LONDON/JOHANNESBURG (Reuters) - HSBC ( HSBA.L ) has ended talks to buy an $8 billion majority stake in South Africa's Nedbank ( NEDJ.J ), leaving it without a clear Africa strategy and handing an opportunity to rival Standard Chartered. HSBC ( 0005.HK ... (Source: Reuters 2010-10-15T13:22:22Z)

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)

Typhoon hits Philippines, kills 3

CAUAYAN, Philippines — The strongest cyclone in years to crash into the Philippines killed at least three people Monday, leaving a wasteland of fallen trees and power poles and sending thousands scampering to safety in near-zero visibility. A retired ... (Source: AZCentral.com 2010-10-18T14:01:45Z)

Strongest typhoon in years lashes Philippines and kills at least 3; bus swept away in Vietnam

CAUAYAN, Philippines (AP) — The strongest cyclone in years to crash into the Philippines killed at least three people Monday, leaving a wasteland of fallen trees and power poles and sending thousands scampering to safety in near-zero visibility. A ... (Source: Los Angeles Times 2010-10-18T13:47:26Z)

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