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 2, 2010, 12:41 am

UPDATE 3-Portugal prepares more austerity, talks resume

Portugal's president opened a second day of talks with political parties on Wednesday to reach a deal on the 2011 budget as newspapers reported the government was considering tax rises. Diario de Noticias and Publico said the government wanted to push ... (Source: msnbc.com 2010-09-29T13:05:33Z)

California governor, legislative leaders say they've reached a budget deal

SACRAMENTO, Calif. (AP) — Gov. Arnold Schwarzenegger and legislative leaders say they've reached a budget deal. The governor and lawmakers say after nearly five hours of talks Friday they agreed on a deal that breaks the record-long budget impasse and ... (Source: Los Angeles Times 2010-10-02T02:24:54Z)

Dollar Thrifty shareholders reject Hertz deal; Avis offer could still be in play

THE VOTE: Dollar Thrifty shareholders rejected a buyout offer from Hertz, with 11.8 million votes for the deal and 13.8 million against. THE OFFERS: Hertz was offering $43.60 in cash and 0.6366 shares of common stock of Hertz, for each share of Dollar ... (Source: Los Angeles Times 2010-09-30T20:42:29Z)

Sorry, Anaheim; Comic-Con Inks Deal to Stay in San Diego

The unconventional convention Comic-Con will stay in its birthplace for at least five years, according to published reports. Several news outlets, including Entertainment Weekly , reported Thursday that Comic-Con had committed to staying in San Diego "for ... (Source: NBC Los Angeles 2010-10-01T14:14:45Z)

Survey shows manufacturing activity grew in Sept. for 14th straight month, but at slower pace

NEW YORK (AP) — Manufacturing activity expanded in September for the 14th straight month, although at the slowest pace since November. The Institute for Supply Management said Friday that its manufacturing index read 54.4 in September, down from 56.3 in ... (Source: Los Angeles Times 2010-10-01T16:37:55Z)

Japan calls for cooperation at sea

TOKYO — Japan's prime minister urged China to act as a "responsible" member of the international community and raised concern over its expanding maritime activity in Asia, including in disputed waters where a ship collision ignited a bitter feud. Prime ... (Source: Denver Post 2010-10-02T07:18:23Z)

Essence Music Festival reaches deal to keep popular event in New Orleans through 2014

NEW ORLEANS — The Essence Music Festival will call New Orleans home through 2014, organizers and city officials announced Wednesday, in a deal they said would continue the boom in visitors and spending the city sees each summer. Michelle Ebanks ... (Source: San Francisco Examiner 2010-09-29T22:52:32Z)

Mayor Landrieu and Essence Sign Deal to Keep Festival in New Orleans

*On Wednesday (09-29-10) New Orleans mayor Mitch Landrieu announced an extended agreement with Essence Communications to host the Essence Music Festival in New Orleans for another four years, through 2014. In 2010, Essence Music Festival welcomed more than ... (Source: EURweb 2010-09-30T17:36:22Z)

Deal ends California stalemate on budget

SACRAMENTO, Calif. – Three months into the state's longest budget impasse, California Gov. Arnold Schwarzenegger and legislative leaders reached a handshake deal Friday to close the state's $19 billion deficit, leaders announced after a five-hour ... (Source: The Spokesman-Review 2010-10-02T07:04:04Z)

Comic-Con Is Staying Put

... San Diego will continue to nuture a delicate balance of homogeneously tanned, good-looking people and pasty, awkward dweebage by getting its yearly dose of the latter in a span of four days. Comic-Con International is staying in San Diego! Yay! The ... (Source: TV.com 2010-10-02T07:04:04Z)

Japan PM concerned over China's widening maritime activity as 3 Japanese freed return

TOKYO - Japan's prime minister expressed concern Friday over China's strengthening military power and expanding maritime activity in Asia, including waters near disputed islands where a ship collision ignited a bitter diplomatic feud. Prime Minister Naoto ... (Source: Minneapolis Star Tribune 2010-10-01T08:24:00Z)

Index futures lower ahead of GDP, business activity data

NEW YORK (Reuters) - Stocks index futures dipped on Thursday ahead of key September regional business data awaited by investors to see whether this month's equity rally was justified by economic fundamentals. The September Institute for Supply Management ... (Source: msnbc.com 2010-09-30T11:16:59Z)

2 new names for Portugal under new coach Bento

LISBON, Portugal (AP) — Portugal's new coach Paulo Bento has called up two uncapped players for his first game in charge, while Cristiano Ronaldo also returns from injury for two 2012 European Championship qualifiers. Toulouse midfielder Paulo Machado ... (Source: Syracuse Post-Standard 2010-10-01T12:13:04Z)

UPDATE 1-Portugal edges closer to budget deal under EU pressure

The European Union, which had been pressuring Lisbon to act, welcomed the measures as ambitious "Together with the Commission and the ECB, the Eurogroup welcomes the ambitious additional consolidation measures adopted by the Portuguese government yesterday ... (Source: Reuters 2010-09-30T11:31:18Z)

Urging China to behave responsibly, Japan PM voices concern over China's maritime activity

TOKYO (AP) — Japan's prime minister urged China to act as a "responsible" member of the international community Friday and raised concern over its expanding maritime activity in Asia , including in disputed waters where a ship collision ignited a bitter ... (Source: Chicago Tribune 2010-10-01T09:42:45Z)

Barclays Maintains an 'Equalweight' Rating on Covance (CVD); Thoughts on Sanofi-Aventis Deal

Barclays maintains an 'Equalweight' rating on Covance Inc (NYSE: CVD ), price target $41. Barclays analyst says, "Covance delivered much needed good news for investors yesterday with its announcement of a significant R&D relationship with Sanofi-Aventis ... (Source: StreetInsider.com 2010-10-01T17:28:02Z)

Manufacturing activity rises for 14th straight month

NEW YORK — Manufacturing activity expanded in September for the 14th straight month, but at a slower rate than in the previous month, according to an industry trade group. The Institute for Supply Management said today that its manufacturing index read ... (Source: Oregonian 2010-10-01T15:33:30Z)

US leads Europe at water-logged Ryder Cup

NEWPORT, Wales - After a long rain delay, the Americans have rallied for a narrow Ryder Cup lead at the end of the first day. None of the four matches was completed, but the U.S. team was leading in two and all-square in another. Europe was leading one ... (Source: Philadelphia Daily News 2010-10-02T06:56:55Z)

Avis Shakes Up Hertz-Dollar Thrifty Deal

Not taking "non-negotiable and final" for an answer, Avis strikes back in rental car bidding war. The offer comes a few weeks after Dollar Thrifty and Hertz announced they had agreed on a deal worth $1.4 billion, or $50 per share, at the time was believed ... (Source: Forbes 2010-09-23T17:23:12Z)

Essence Festival staying in New Orleans through 2014

NEW ORLEANS - The Essence Music Festival will call New Orleans home through 2014. Michelle Ebanks, president of Essence Communications, and New Orleans Mayor Mitch Landrieu on Wednesday announced a 4-year deal. The 2011 festival is set for July 1-3 ... (Source: AZCentral.com 2010-09-30T17:50:41Z)

Major League Baseball players, owners settle collusion allegations

NEW YORK -- Baseball players and owners settled allegations of possible collusion against free agents after the 2008 and 2009 seasons in one of the first acts for the union since Michael Weiner took over from Donald Fehr. Under the deal announced Thursday ... (Source: Erie Times-News 2010-10-01T08:16:51Z)

Dollar Thrifty shareholders reject Hertz deal, means Avis offer still a possibility

CHICAGO (AP) — Dollar Thrifty Automotive Group shareholders have rejected a buyout offer from Hertz, giving an opening for rival bidder Avis Budget Group's offer for the car rental company. Hertz Global Holdings Inc. shares fell $1.12, or 9.7 percent, to ... (Source: Los Angeles Times 2010-09-30T19:38:04Z)

Ball Players Settle Collusion Allegations

NEW YORK (AP) - Baseball players and owners settled allegations of possible collusion against free agents after the 2008 and 2009 seasons in one of the first acts for the union since Michael Weiner took over from Donald Fehr. Under the deal announced ... (Source: myfoxny.com 2010-09-30T21:11:07Z)

Sanofi-Aventis Inks 10-Year R&D Services Deal with Covance

French pharmaceutical company Sanofi-Aventis ( SNY ), which has been unsuccessful in its recent courtship of U.S. biotech giant Genzyme ( GENZ ), announced Thursday it signed a 10-year agreement with Covance ( CVD ) under which the Princeton, N.J.-based ... (Source: Daily Finance 2010-09-30T14:37:25Z)

San Diego remains home to Comic-Con

SAN DIEGO -- San Diego will remain home to Comic-Con for the next five years. San Diego city officials and the company that puts on the huge pop-culture event will announce a five-year contract this morning. The San Diego Union Tribune reports the ... (Source: San Jose Mercury News 2010-10-01T14:36:14Z)

2nd UPDATE: Sanofi, Covance In 10-Year R&D Outsourcing Deal

NEW YORK (Dow Jones)--French drug giant Sanofi-Aventis S.A. (SNY) has signed a 10-year agreement to outsource research and development services to Covance Inc. (CVD) in a deal that could be worth up to $2.2 billion. The deal is the latest sign of increased ... (Source: Wall Street Journal 2010-09-30T17:50:41Z)

MLB players and owners settle collusion allegations

NEW YORK -- Baseball players and owners settled allegations of possible collusion against free agents after the 2008 and 2009 seasons in one of the first acts for the union since Michael Weiner took over from Donald Fehr. Under the deal announced Thursday ... (Source: CBS Sports 2010-09-30T22:08:23Z)

Drenched U.S. golfers are tired of their flawed rain attire at Ryder Cup | Golf

NEWPORT, Wales — Call it Water(proof)gate. The dozen golfers on the U.S. Ryder Cup team got a soggy surprise on the opening day of competition when the rain gear they brought from the States didn't work. Caught in a morning downpour at the Celtic Manor ... (Source: Seattle Times 2010-10-02T05:16:42Z)

Americans lead, but rain wins the first day at Ryder Cup

Newport, Wales -- Boy, did that rain delay work out just fine for the Americans. They were able to get dry, do some shopping at the merchandise tent and claim the momentum on a water-logged day at the Ryder Cup. "We were supposed to play for eight points ... (Source: Detroit News 2010-10-02T05:02:23Z)

Governor vetoes bill seeking companies' WWII roles

SACRAMENTO, Calif. — Gov. Arnold Schwarzenegger on Thursday vetoed a bill requiring companies seeking high-speed rail contracts with California to disclose any role they played during the Holocaust. Under the measure, companies vying for a piece of ... (Source: msnbc.com 2010-10-02T06:35:26Z)

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