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, 7:41 am

Baseball players negotiate new deal that gives free agents better options

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: Kansas City Star 2010-10-01T04:34:56Z)

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)

Former Gourmet editor to join Random House

Former Gourmet magazine editor Ruth Reichl is joining the Random House Publishing Group, where she will both edit and write books, including a memoir of her years at the now shuttered magazine. Reichl, who will serve as an editor-at-large for the company's ... (Source: Seattle Times 2010-10-02T02:03:26Z)

American Apparel climbs after the troubled clothing company amends credit agreement

NEW YORK — Shares of American Apparel spiked 13 percent Friday it amended a key credit agreement, giving the struggling retailer a little breathing room, at through this year. THE SPARK: The retailer disclosed that an amended deal with Lion Capital gets ... (Source: Washington Examiner 2010-10-01T16:37:55Z)

AIG reaches agreement to repay government

NEW YORK - AIG, which became a lightning rod for criticism over government bailouts, said Thursday that it had reached a deal to repay billions of dollars in federal money it received during the credit crisis. The plan could return a profit to taxpayers ... (Source: Philadelphia Daily News 2010-10-01T07:12:25Z)

NYSEG Offers Tips to Deal With Incoming Storms

NYSEG emergency planners are keeping a close eye on a potentially severe storm that is barreling up the East Coast. Forecasts call for this system to bring torrential rain and strong winds to much of New York today and tonight. NYSEG is concerned about the ... (Source: FOX 40 News WICZ TV 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 2010-10-01T14:29:04Z)

Appetizers: Ruth Reichl takes her culinary expertise to Random House

A year after Conde Nast closed the (cook)book on venerable Gourmet magazine, giant publisher Random House announced Thursday the hiring of former Gourmet editor-in-chief Ruth Reichl. Her role as "editor at large will be to acquire books, write and... (Source: Chico Enterprise-Record 2010-10-01T21:31:25Z)

Deal changes free-agent rules

NEW YORK - If the Phillies make it to the World Series, they will have work to do immediately after regarding negotiations with soon-to-be free agent Jayson Werth. Under a deal announced yesterday, players such as the Phillies' rightfielder no longer have ... (Source: Philadelphia Daily News 2010-10-01T22:00:03Z)

Ruth Reichl gets a book deal

Ruth Reichl, who was editor of Gourmet Magazine when it closed last October, has secured a new book deal with Random House, our sibling blog Daily Dish reports . Apparently, Reichl, already a bestselling author, has contracted for three books, two of which ... (Source: Los Angeles Times 2010-09-30T18:26:29Z)

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)

Central Hudson: Power outages total 1,100

About 1,100 mid-Hudson Central Hudson customers were without power as of 4 p.m. today, after a fierce storm knocked down trees and damaged equipment. The Poughkeepsie-based utility company expects service to be restored for the majority of the remaining ... (Source: Poughkeepsie Journal 2010-10-01T21:09:56Z)

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)

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)

AIG bailout turns profit

N EW YORK - AIG, which became a lightning rod for criticism over government bailouts, said it reached a deal to repay billions of dollars it received during the credit crisis. The plan announced yesterday could return a profit to taxpayers who footed the ... (Source: Boston Herald 2010-10-01T04:13:28Z)

MLB agrees to changes in free agency

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 2010-10-01T15:40:39Z)

American Apparel Announces Changes in Credit Agreement, Executive Management

American Apparel , the Los Angeles–based vertically-integrated retailer announced an amendment to its credit agreement with a key lender, London-based Lion Capital , which will help it avoid a breach of covenant. The reworked credit deal, which ... (Source: Apparel News 2010-10-01T23:54:35Z)

California nears budget vote to end record impasse, US

SACRAMENTO, Calif. (AP) - Despite reaching a long awaited budget agreement, Gov. Arnold Schwarzenegger and legislative leaders remain mum about how they plan to close California's $19 billion deficit. Late Friday night, leaders of the state Senate and ... (Source: NewOrleans.Com 2010-10-02T09:41:33Z)

Hotel Deal Keeps Comic-Con In San Diego

Don't worry, San Diego. It looks like Comic-Con ain't going anywhere. After this past summer's convention was plagued with rumors that operations could pull up stakes and move to either Los Angeles or Anaheim, hotels in downtown San Diego -- which have ... (Source: Airlock Alpha 2010-10-02T14:20:44Z)

Ex-board president enters plea in misconduct case

DETROIT (AP) -- Former Detroit School Board President Otis Mathis has pleaded no contest to charges of misconduct in office over allegations that he fondled himself during a private office meeting with a district employee. The Wayne County prosecutor's ... (Source: WZZM 13 2010-10-01T20:41:18Z)

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)

California gov, legislative leaders reach budget deal

SACRAMENTO, Calif. (KFSN) -- Gov. Arnold Schwarzenegger and legislative leaders said they struck a comprehensive agreement after an intensive five-hour meeting Friday night, signaling an end to California's record-long budget stalemate after 93 days. No ... (Source: KABC 2010-10-02T07:54:11Z)

American Apparel renegotiates $80m loan

American Apparel, the troubled US fashion brand, has avoided a looming crisis with its main creditor, UK-based Lion Capital, with the successful renegotiation of covenants on an $80m loan agreement . The brand, which supplies over 280 stores from factories ... (Source: Financial Times 2010-10-02T00:59:00Z)

Weather cools sharply as storm moves away; some road closings, power outages remain

Sections of the Saw Mill River and Bronx River parkways remained closed by flooding at noon and 6,000 homes and businesses were without power as the northern suburbs continued to dry out from this morning's torrential downpour. Temperatures, which had been ... (Source: LoHud.com 2010-10-01T17:42:21Z)

American Apparel rises on news of credit amendment

Shares of American Apparel spiked 13 percent Friday it amended a key credit agreement, giving the struggling retailer a little breathing room, at through this year. THE SPARK: The retailer disclosed that an amended deal with Lion Capital gets rid of the ... (Source: AP - msnbc.com 2010-10-01T16:30:46Z)

Plea deal will spare Mathis jail time in fondling case

Detroit --Former Detroit School Board President Otis Mathis has pleaded no contest to charges of misconduct in office over allegations that he fondled himself during a private office meeting with a district employee. The Wayne County prosecutor's office ... (Source: Detroit News 2010-10-01T19:51:12Z)

Otis Mathis withdraws guilty plea, pleads no contest to fondling

Former Detroit school board president Otis Mathis III withdrew his guilty plea from this morning and pleaded no contest today to misconduct in office in connection with charges that he fondled himself in a June meeting with former superintendent Teresa ... (Source: Detroit Free Press 2010-10-02T00:23:13Z)

American Apparel Amends Credit Deal With Lion Capital - Quick Facts

(RTTNews) - American Apparel Inc. (APP: News ) said that on September 30, 2010 it entered into an amendment to its credit agreement with Lion Capital which eliminates the minimum Consolidated EBITDA covenant for the dates through and including December 31 ... (Source: RTT News 2010-10-01T11:51:35Z)

AIG, U.S. Agree on an Exit Deal; Making It Work Will Be Tougher

The U.S. government will sell off its stake in American International Group Inc., under a plan that could end the controversial bailout sooner than many thought but that remains fraught with risk. Analysts cautioned that executing the plan, which will ... (Source: Wall Street Journal 2010-10-01T02:26:05Z)

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