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 19, 2010, 11:41 am

Northeast Utilities to buy Nstar in $4.17 bln deal as it ramps up projects tied to renewables

Northeast Utilities will buy Nstar for $4.17 billion, forming one of the nation's biggest utility companies with 3.5 million electric and gas customers in three New England states. The acquisition should help Northeast pay for large transmission projects ... (Source: Los Angeles Times 2010-10-18T14:37:33Z)

U.S. files antitrust suit against Michigan Blue Cross Blue Shield

The federal government sued Michigan's largest health insurer Monday, alleging it abused its market clout to inflate health-care costs and impede competition. The government alleged that Blue Cross Blue Shield of Michigan negotiated contracts that ... (Source: Washington Post 2010-10-19T03:52:07Z)

Matthew Hulsizer nearing purchase

A deal is close to being consummated between Matthew Hulsizer and the City of Glendale and the National Hockey League that would see the Chicago businessman assume ownership of the Phoenix Coyotes . No formal deal has been reached between Glendale and ... (Source: ESPN.com 2010-10-15T21:29:08Z)

Hornets acquire guard Jerrells from Spurs, cut 2 from roster

NEW ORLEANS ― The Hornets continued to tinker with their roster Monday, signing guard Curtis Jerrells from the San Antonio Spurs. Terms of the deal were not disclosed and the Hornets did not say what or who they gave up for Jerrells. Additionaly, the ... (Source: WWL-TV 2010-10-18T20:13:59Z)

IBM beats Street but shares retreat on weak services

By Ritsuko Ando NEW YORK (Reuters) - IBM won fewer technology services deals than expected in the third quarter, sending its shares 3.7 percent lower, although it announced stronger profits and raised its full-year outlook A decline in services and ... (Source: msnbc.com 2010-10-19T04:35:04Z)

EU Governments Reach Deal On Sanctions, Possible Treaty Changes

LUXEMBOURG (Dow Jones)--European Union governments reached a deal Monday to tighten rules governing the bloc's public finances, handing more power to the European Commission, the EU's executive arm, to act against countries that violate them. EU finance ... (Source: Wall Street Journal 2010-10-18T20:06:50Z)

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)

JetBlue attendant who slid on chute to fame pleads guilty

The JetBlue flight attendant whose job-quitting meltdown landed him in court avoided jail time in a plea deal Tuesday that requires him to undergo counseling and treatment for a least a year. Steven Slater spoke politely and calmly as he entered a guilty ... (Source: Salt Lake Tribune 2010-10-19T17:13:51Z)

Critical Mass cyclists report $1 million deal with New York City

NEW YORK -- Bicyclists who were arrested or ticketed in Critical Mass rides in New York say they have settled with the city for nearly $1 million. The 83 plaintiffs were among hundreds cited in the rides between 2004 and 2006. The rides are held regularly ... (Source: San Jose Mercury News 2010-10-19T13:03:18Z)

Northeast Utilities and Nstar to create New England's biggest utility with $4.17 billion deal

NEW YORK (AP) — Northeast Utilities will buy Nstar for $4.17 billion, forming the biggest New England utility company with 3.5 million electric and gas customers in three states. The companies and industry analysts expect some of the savings from the ... (Source: Chicago Tribune 2010-10-18T19:31:02Z)

UPDATE 4-IBM beats Street; shares retreat on weak services

NEW YORK, Oct 18 (Reuters) - IBM won fewer technology services deals than expected in the third quarter, sending its shares 3.7 percent lower, although it announced stronger profits and raised its full-year outlook A decline in services and outsourcing ... (Source: Reuters 2010-10-18T23:20:06Z)

JetBlue Flight Attendant Steven Slater Avoids Jail

Steven Slater , the JetBlue flight attendant and self-professed "bag Nazi" who made a dramatic emergency slide exit from a JetBlue plane in August, pleaded guilty today to criminal mischief charges as part of a deal to avoid jail time. Appearing in Queens ... (Source: ABC News 2010-10-19T17:21:00Z)

Critical Mass cyclists reach $1M deal with NYC

NEW YORK (AP) — Bicyclists who were arrested or ticketed in Critical Mass rides in New York say they have settled with the city for nearly $1 million. The 83 plaintiffs were among hundreds cited in the rides between 2004 and 2006. The rides are held ... (Source: The Guardian 2010-10-19T16:52:22Z)

JetBlue flight attendant pleads guilty

NEW YORK - The JetBlue Airways Corp. flight attendant whose job-quitting meltdown landed him in court avoided jail time in a plea deal Tuesday that requires him to undergo counseling and treatment for a least a year. Steven Slater spoke politely and calmly ... (Source: Herald Tribune 2010-10-19T17:35:19Z)

Person with knowledge of deal tells AP: Packers trade for Jaguars safety Anthony Smith

GREEN BAY, Wis. (AP) — The Green Bay Packers acquired safety Anthony Smith in a trade with the Jacksonville Jaguars on Sunday, a person with knowledge of the deal told The Associated Press. The person, who requested anonymity because the deal has not ... (Source: Chicago Tribune 2010-10-18T02:20:15Z)

Hornets acquire guard Jerrells from Spurs

NEW ORLEANS ― The Hornets continued to tinker with their roster Monday, signing guard Curtis Jerrells from the San Antonio Spurs. Terms of the deals were not disclosed and the Hornets did not say what or who they gave up for Jerrells. The 6-foot-1, 195 ... (Source: WWL-TV 2010-10-18T16:53:33Z)

IBM beats Street; shares retreat on weak services

NEW YORK (Reuters) - IBM won fewer technology services deals than expected in the third quarter, sending its shares 3.7 percent lower, although it announced stronger profits and raised its full-year outlook A decline in services and outsourcing contracts ... (Source: Reuters India 2010-10-19T02:54:51Z)

DOJ Sues Michigan Blue Cross Blue Shield Over Pricing Deals

The U.S. Justice Department is suing Blue Cross Blue Shield of Michigan and alleging that it violated antitrust laws by forcing hospitals to charge higher prices to rival insurers. "The civil case appears to have broad implications because many local ... (Source: Kaiser Health News 2010-10-19T15:40:47Z)

Northeast in $4.3 Billion Stock Deal for NStar

In planning a $4.3 billion merger, New England power companies Northeast Utilities and NStar have sought to learn from past utility deals that have failed. The deal, announced on Monday, is being promoted as a "merger of equals" as part of an effort to ... (Source: New York Times Blogs 2010-10-19T06:43:55Z)

EU ministers near deal on hedge funds

EU officials say they are near an agreement on new regulations for hedge funds. Governments have been wrestling for months over a so-called European passport for the freewheeling funds, which cater to rich and institutional investors. The passport would ... (Source: AP - msnbc.com 2010-10-19T10:04:21Z)

AP source: Packers trade for Jaguars safety Smith

GREEN BAY — The Green Bay Packers acquired safety Anthony Smith in a trade with the Jacksonville Jaguars on Sunday, a person with knowledge of the deal told The Associated Press. The person, who requested anonymity because the deal has not been announced ... (Source: Fond du Lac Reporter 2010-10-18T09:36:54Z)

EU executive still wants tougher debt rules

The EU executive commission said Tuesday it will still push for automatic fines to be levied on governments who flout euro spending rules — even though a French-German deal containing less drastic enforcement has won broad backing from elected ... (Source: AP - msnbc.com 2010-10-19T16:23:44Z)

China moves into lead at gymnastics worlds

ROTTERDAM, Netherlands (AP) -- China moved into the lead of team qualifying Tuesday at the world gymnastics championships, pushing Japan into second place. Olympic still rings champion Chen Yibing made the difference on his signature event as China swept ... (Source: CNN Sports Illustrated 2010-10-19T18:03:57Z)

Violation Of 'Secret Deal' May Be At Root Of China-Japan Dispute

You have to love stories like this. So, it looks like the diplomatic clash between China and Japan over some disputed islands may have been because Japan violated a secret pact between the two countries. The clash has led to violent anti-Japanese protests ... (Source: NPR News 2010-10-19T16:02:16Z)

Critical Mass cyclists report $1M deal with NYC

NEW YORK— Bicyclists who were arrested or ticketed in Critical Mass rides in New York say they have settled with the city for nearly $1 million. The 83 plaintiffs were among hundreds cited in the rides between 2004 and 2006. The rides are held regularly ... (Source: Boston Globe 2010-10-19T13:24:47Z)

Packers Trade for Safety Anthony Smith

GREEN BAY, Wis. (AP) -- The Green Bay Packers have acquired safety Anthony Smith in a trade with the Jacksonville Jaguars, a person with knowledge of the deal tells The Associated Press. The person, who requested anonymity because the deal has not been ... (Source: CBS 5 - Green Bay 2010-10-18T02:48:53Z)

Matthew Hulsizer has deal in place to buy Phoenix Coyotes

Chicago finance executive Matthew Hulsizer has a tentative deal in place to buy the Phoenix Coyotes from the National Hockey League . The sale would keep the Coyotes in Arizona. Hulsizer also has forged lease terms with the city of Glendale to keep the ... (Source: Birmingham Business Journal 2010-10-15T19:56:04Z)

New Orleans deals second-round pick to San Antonio for G Curtis Jerrells

NEW ORLEANS (AP) — The New Orleans Hornets have acquired guard Curtis Jerrells from the San Antonio Spurs in exchange for a second-round draft choice. Get The 39 News App For Your iPhone Jerrells is a former Baylor star who went undrafted in 2009 and ... (Source: 39online.com 2010-10-18T16:46:24Z)

Feds accuse Mich. Blue Cross of anticompetitive contracts

The U.S. Justice Department sued Blue Cross Blue Shield of Michigan on Monday, accusing the state's dominant health insurer of driving up prices for consumers with anti-competitive practices. "Let me be clear. We will challenge similar anticompetitive ... (Source: USA Today 2010-10-19T08:02:39Z)

China Plans Further Reductions in Mineral Exports

HONG KONG — China plans further reductions to its annual export quota for rare earth minerals next year, an official Chinese newspaper reported on Tuesday. The move could escalate trade tensions between China and other developed nations, including the ... (Source: New York Times 2010-10-19T18:03:57Z)

Blog Archive