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, 12:43 pm

Cameron says business chiefs to advise coalition

LONDON (Reuters) - Prime Minister David Cameron said on Friday he would meet a select group of business leaders every three months to seek advice on economic policy. The 19-strong business advisory group includes outgoing HSBC Chairman Stephen Green, Sam ... (Source: Reuters UK 2010-10-01T13:24:39Z)

Medicare Beneficiaries in Donut Hole Will See 50-Percent Discount on Brand-Name Drugs in 2011

WASHINGTON - (Business Wire) Vice President Joe Biden, the U.S. Department of Health and Human Services and the Centers for Medicare & Medicaid Services (CMS) today announced that the nation's pharmaceutical manufacturers will provide 50 percent discounts ... (Source: Earthtimes 2010-09-23T15:35:50Z)

Fly Me to the Moon: Russian Firm Plans Space Hotel

The lead Russian contractor for the International Space Station says it plans to build the first hotel in space to cash in on a growing market for private tourism, a senior executive told Reuters on Thursday. Energia , part owned by the Russian state ... (Source: New York Times Blogs 2010-10-01T09:49:54Z)

Cameron Sets Up Business Advisory Council

LONDON—U.K. Prime Minister David Cameron announced Friday he will convene a Business Advisory Council to offer advice and present the concerns of key sectors of the business community. Mr. Cameron will serve as chairman of the council, which will meet ... (Source: Wall Street Journal 2010-10-01T06:43:47Z)

MI Developments gets $607 mln buyout offer

NEW YORK, Oct 1, (Reuters) - MI Developments Inc's ( Symbol : MIM ) controlling shareholder said on Friday it would make an offer of $13 per share, or $607 million, to buy out the remaining shares of the real estate company. The cash offer from ST ... (Source: Inside Fidelity 2010-10-02T04:26:36Z)

Russian firm plans orbiting space hotel

MOSCOW — A Russian firm on Wednesday announced an ambitious bid to fill the vacuum in the space tourism market by stationing an orbiting hotel in the cosmos. The Moscow-based Orbital Technologies has sky-high hopes that its planned Commercial Space ... (Source: Seattle Daily Journal of Commerce 2010-10-01T07:05:16Z)

JetBlue CEO: No deal to compete with Southwest

JetBlue's CEO says his airline doesn't need to combine with another carrier to compete with Southwest. In an internal memo obtained Tuesday by The Associated Press, CEO Dave Barger said growing too fast through an acquisition could jeopardize JetBlue ... (Source: AP - msnbc.com 2010-09-29T00:05:18Z)

Report: Cincinnati Reds Offer Dusty Baker New Deal

The Cincinnati Reds are reportedly offering manager Dusty Baker a multi-year contract, just days after the team clinched a National League Central Division Title. The "Dayton Daily News" is reporting news of the offer and says Baker intends to sign it ... (Source: WKRC 2010-09-30T20:06:42Z)

Existing Home Sales Up 7.6%, Not a Sign of Recovery

Existing home sales increased 7.6 percent to a seasonally adjusted annual rate of 4.13 million in August from an upwardly revised 3.84 million in July according to the National Association of Realtors. Despite the increase, existing home sales remain ... (Source: Reverse Mortgage Daily 2010-09-28T15:29:54Z)

Microsoft, AT&T Set to Unveil Windows Phone 7 Handsets

Microsoft will receive the marketing support of AT&T, which will be the initial exclusive U.S. carrier to sell the Windows Phone 7 smartphones. AT&T plans to sell the devices the week of Nov. 8. Initially, the carrier will offer three handsets—one each ... (Source: Wall Street Journal 2010-09-30T19:38:04Z)

Reds still mulling playoff roster

CINCINNATI — Manager Dusty Baker says the Cincinnati Reds are still mulling the final spots for their playoff roster. Baker said before Cincinnati's game against Milwaukee on Saturday that most of the roster is figured out, but a few spots are still open ... (Source: Dayton Daily News 2010-10-02T16:43:54Z)

Russian to offer space tourists an orbiting hotel

A Russian firm on Wednesday announced an ambitious bid to fill the vacuum in the space tourism market by stationing an orbiting hotel in the cosmos. The Moscow-based Orbital Technologies has sky-high hopes that its planned Commercial Space Station can ... (Source: AP - msnbc.com 2010-09-29T13:34:11Z)

New Short Sale Course Gives Realtors

WASHINGTON, DC--(Marketwire - October 1, 2010) - While home buyers and sellers continue to be discouraged and frustrated by the complex and lengthy short sale process, the National Association of Realtors ® is making sure Realtors ® have the resources ... (Source: Market Wire 2010-10-01T15:33:30Z)

New co-branded Medicare Part D prescription drug plan from Humana and Walmart

Today, Humana Inc. (NYSE: HUM) announced an innovative Medicare Part D prescription drug plan, co-branded with Wal-Mart Stores, Inc. (NYSE: WMT) or ("Walmart"), that can provide significant savings on monthly plan premiums and prescription medicine ... (Source: News-Medical.Net 2010-10-01T12:27:23Z)

UPDATE: Fed's Dudley: Fed Action To Support Economy 'Likely'

NEW YORK (Dow Jones)--A top Federal Reserve official said Friday the central bank is almost certain to have to offer fresh support to ensure that already tepid U.S. economic growth doesn't falter further, although he stopped short of saying what type of ... (Source: Wall Street Journal 2010-10-01T13:31:48Z)

Fed official: Intervention needed to lift economy

WASHINGTON — The Federal Reserve is likely to take additional action to rejuvenate the economy and lower unemployment, an influential member of the central bank's policymaking group said yesterday. William Dudley, president of the Federal Reserve Bank of ... (Source: Cape Cod Times 2010-10-02T06:13:58Z)

Russian companies announce space station

MOSCOW, Sept. 29 (UPI) -- Two Russian companies say they'll build the world's first commercial space station, open to private citizens, astronauts and scientists. The two aerospace companies, Orbital Technologies and RSC Energia, say their Commercial Space ... (Source: United Press International 2010-09-30T01:01:22Z)

UPDATE 1-MI Developments gets $607 mln buyout offer

NEW YORK, Oct 1, (Reuters) - MI Developments Inc's ( MIMa.TO ) controlling shareholder said on Friday it would make an offer of $13 per share, or $607 million, to buy out the remaining shares of the real estate company. The cash offer from ST Acquisition ... (Source: Reuters 2010-10-02T02:53:32Z)

McGehee's hit gives Brewers 4-3 win over Reds

CINCINNATI — The Cincinnati Reds will be packing their bags for their first playoff game in 15 years. Casey McGehee hit a grounder that caromed off second baseman Brandon Phillips in the 11th inning, driving in Corey Hart and sending the Milwaukee ... (Source: Dayton Daily News 2010-10-02T04:40:55Z)

Russian firm unveils plan for first space hotel

MOSCOW (Reuters) - The lead Russian contractor for the International Space Station (ISS) says it plans to build the first hotel in space to cash in on a growing market for private tourism, a senior executive said on Thursday. Energia, part owned by the ... (Source: Reuters 2010-09-30T15:27:32Z)

Microsoft Legal Salvo Seeks to Slow Google

Microsoft Corp. launched a legal attack aimed at fighting the explosive growth of cellphones powered by Google Inc.'s Android software, as the technology giant struggles to find its own answer to the shift away from traditional computers in favor of mobile ... (Source: Wall Street Journal 2010-10-02T13:23:28Z)

Firm envisions space hotel

MOSCOW - A Russian company Wednesday announced an ambitious bid to fill the vacuum in the space tourism market by stationing an orbiting hotel in the cosmos. The Moscow-based Orbital Technologies has sky-high hopes that its planned commercial space station ... (Source: Philadelphia Daily News 2010-09-30T07:06:27Z)

ST Acquisition To Make Offer To Buy Any Or All Shares Of MI Developments

(RTTNews) - ST Acquisition Corp. or "STAC", a corporation controlled by members of the Stronach Family, said on Friday it intends to make an offer to acquire any or all of the Class A Subordinate Voting Shares and Class B Shares of MI Developments Inc. or ... (Source: RTT News 2010-10-02T06:56:55Z)

UK's Cameron Sets Up Business Council For Policy Advice

LONDON -(Dow Jones)- U.K. Prime Minister David Cameron announced Friday he will convene a Business Advisory Council to offer advice and present the concerns of key sectors of the business community. Cameron will serve as chairman of the council, which will ... (Source: Smart Money 2010-09-30T23:41:27Z)

Seniors in Medicare doughnut hole to get discounts on brand-name drugs in 2011

WASHINGTON – The nation's pharmaceutical manufacturers will provide 50-percent discounts on the cost of covered brand-name prescription drugs for beneficiaries in the Medicare Part D coverage gap – the so-called doughnut hole – starting in 2011 ... (Source: HealthcareFinanceNews.com 2010-09-24T15:27:29Z)

New Short Sale Course Gives Realtors(R) Additional Guidance on Federal Programs

While home buyers and sellers continue to be discouraged and frustrated by the complex and lengthy short sale process, the National Association of Realtors® is making sure Realtors® have the resources and tools they need to help consumers navigate these ... (Source: msnbc.com 2010-10-01T15:33:30Z)

UPDATE 2-JetBlue prefers to grow on its own- CEO

WASHINGTON, Sept 28 (Reuters) - JetBlue Airways ( JBLU.O ) has no plans to get involved in airline merger activity, preferring instead to grow on its own, the company's chief executive said. Responding to Southwest Airlines Co's ( LUV.N ) plan to buy ... (Source: Reuters 2010-09-28T17:45:54Z)

Fed's Dudley: Further Fed Action To Support Economy Is 'Likely'

NEW YORK (Dow Jones)--A top Federal Reserve official said Friday the central bank is almost certain to have to offer fresh support to ensure that already tepid economic growth does not further falter, although he stopped short of saying what type of ... (Source: Wall Street Journal 2010-10-01T12:27:23Z)

Southwest Airlines to buy AirTran for $1.4B, combining 2 of nation's largest discount carriers

NEW YORK (AP) — Southwest Airlines has agreed to buy AirTran in a $1.42 billion deal that will combine two of the nation's biggest discount carriers. The two airlines primarily overlap in the Baltimore and Orlando markets. Passengers traveling to and ... (Source: Los Angeles Times 2010-09-27T16:21:12Z)

Windows Phone 7 to make debut on AT&T

AT&T Inc. said Friday it will be the first wireless carrier to offer smart phones running Microsoft Corp.'s new mobile operating system, Windows Phone 7. Microsoft badly needs a winner, as it has suffered scalding setbacks in the mobile business in recent ... (Source: Dallas Morning News 2010-10-02T03:07:51Z)

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