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, 9:43 am

Health care law may threaten low-wage plans | It may be hard for employers to offer limited ...

INDIANAPOLIS — The new health care law could make it difficult for companies such as McDonald's to continue offering limited insurance coverage to their low-wage workers. The world's largest hamburger chain provides its hourly workers with low-cost ... (Source: Register-Guard 2010-10-01T06:15:09Z)

Meg Whitman Gets Lie-Detector Offer From Journalist

In one of the highlights of California Republican gubernatorial nominee Meg Whitman's Thursday news conference, she said she'd consent to a lie detector test to show she's telling the truth when she says she didn't know before June 2009 that her ex ... (Source: NPR News 2010-10-01T22:00:03Z)

Program Sales Fed Crash Amid 'Hot Potato' Trading

(Adds comments from Waddell & Reed in 9th, 10th paragraphs.) Oct. 1 (Bloomberg) -- The automated sale of stock futures without regard to price and "hot potato" trading by computer- driven firms that briefly created an illusion of liquidity helped trigger ... (Source: San Francisco Gate 2010-10-01T23:54:35Z)

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)

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)

The Principal Financial Group to Exit Medical Insurance Business

BusinessWire - Principal Financial Group, Inc. (NYSE: PFG) today announced the company will exit the medical insurance business (insured and self-insured) and has entered into an agreement with UnitedHealthcare, a UnitedHealth Group Company (NYSE: UNH), to ... (Source: Forbes 2010-09-30T13:40:09Z)

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)

Single trade helped spark May's flash crash

A computer-driven sale worth $4.1 billion by a single trader helped trigger the May flash crash, setting off liquidity shocks that ricocheted between U.S. futures and stock markets, regulators concluded in a report. The report by the U.S. Securities and ... (Source: msnbc.com 2010-10-02T03:50:48Z)

Futures Sale Spurred May 6 Panic as Traders Lost Faith in Data

Oct. 2 (Bloomberg) -- Declines in index futures convinced traders a "cataclysmic event" was pushing down equities on May 6, leading them to abandon the market and triggering the biggest crash in a quarter century, federal regulators found. A trader's ... (Source: BusinessWeek 2010-10-02T04:05:07Z)

AT&T introduces new GoPhone plans

Oct 01, 2010 (M2 EQUITYBITES via COMTEX) -- US communications holding company AT&T (NYSE:T) said on Thursday that it will offer new GoPhone prepaid calling options on 3 October 2010. AT&T will offer an Unlimited Daily Talk and Text plan for just USD2.00 ... (Source: TMCnet 2010-10-01T13:17:29Z)

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)

KCS Announces Third Quarter 2010 Earnings Release and Conference Call Time

KANSAS CITY, Mo.--(BUSINESS WIRE)-- Kansas City Southern (KCS) (NYSE: KSU - News ) will release its financial results for third quarter 2010 on Tuesday October 26, 2010, before the opening of trading on the New York Stock Exchange. KCS will also hold its ... (Source: Yahoo Finance 2010-10-01T12:27:23Z)

AT&T to Offer Unlimited Daily Talk and Text for $2 Per Day for GoPhone Users

ATT announced today it will offer new GoPhone prepaid calling options on October 3. The new options include the Unlimited Daily Talk and Text plan which is now available for just two dollars per day and customers pay only on the days the phone is used, an ... (Source: MobileTechReview 2010-10-01T14:57:42Z)

Law may undermine McDonald's insurance

INDIANAPOLIS The new federal health care law could hinder McDonald's from continuing to offer limited insurance coverage to low-wage workers, though the company on Thursday denied a Wall Street Journal report that it's considering dropping health care ... (Source: Orange County Register 2010-09-30T23:55:46Z)

AIG to Convert Preferred Shares Into Common to Repay U.S. Rescue

American International Group Inc. agreed with U.S. regulators to repay its bailout by converting the government's holdings into common shares for sale, a step toward independence for the insurer whose near collapse two years ago threatened the global ... (Source: Bloomberg 2010-09-30T11:24:09Z)

Pacific Imperial Mines Announces Sale of Goldchina

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 27, 2010) - PACIFIC IMPERIAL MINES INC. (TSX VENTURE:PPM.H) ("The Company") announces that it has entered into an agreement dated as of August 20, 2010 with Yunnan Nonferrous Metals Resources Group Ltd ... (Source: Market Wire 2010-09-27T16:49:49Z)

AT&T to Introduce New GoPhone Plans Beginning October 3 New Plans Offer Flexibility for AT ...

DALLAS, Sept 30, 2010 /PRNewswire via COMTEX/ -- Key Facts AT&T* announced today it will offer new GoPhone(R) prepaid calling options on October 3 The Unlimited Daily Talk and Text plan is now available for just two dollars per day -customers pay only on ... (Source: CNBC 2010-09-30T13:54:28Z)

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)

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)

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)

NYPA Extends North Country Power Discount for Businesses & Dairy Farms

OGDENSBURG, N.Y. — New York Power Authority (NYPA) President and Chief Executive Officer Richard M. Kessel today announced the extension of a program aimed at using the resources of the St. Lawrence-Franklin D. Roosevelt Power Project to provide energy ... (Source: newzjunky.com 2010-09-29T16:04:30Z)

HP Recommends Rejection of Below-market Mini-tender Offer for HP Shares by TRC Capital Corporation

PALO ALTO, Calif.--(Business Wire)-- HP (NYSE: HPQ) today announced it has received notice of an unsolicited "mini-tender offer" by TRC Capital Corporation to purchase from HP stockholders up to 3 million shares of HP common stock, representing ... (Source: Reuters 2010-09-24T23:55:43Z)

New Pacific Metals Announces Final Take Up Figures for Shares and Payment for Debt of ...

VANCOUVER, BRITISH COLUMBIA--(Marketwire - 09/30/10) - New Pacific Metals Corp. (TSX-V: NUX - News ) ("New Pacific"), announces that, pursuant to its recently expired take-over bid (the "Share Offer") for all of the outstanding common shares ("Tagish ... (Source: Yahoo Finance 2010-09-30T12:28:34Z)

Meg Whitman looks to regain momentum in second debate

F RESNO, Calif. — Republican gubernatorial candidate Meg Whitman had hoped Saturday's debate in the heart of California's Central Valley would showcase her economic credentials and help siphon the support of independent and Hispanic votes away from ... (Source: Boston Herald 2010-10-02T16:08:06Z)

AIG Plans $2.5 Billion Equity Offering By March, CEO Says

NEW YORK (Dow Jones)--American International Group Inc. (AIG) hopes to complete a $2.5 billion equity offering and a small debt sale by March 2011 to test investor confidence in its turnaround plan, Chief Executive Robert Benmosche said. ... (Source: Wall Street Journal 2010-09-30T18:33:38Z)

Meg Whitman faces uproar over illegal immigrant maid in bid for California governor

SANTA MONICA, Calif. - Meg Whitman's campaign for governor was thrown into turmoil Thursday as the Republican sought to fend off new evidence that she knowingly had an illegal immigrant housekeeper on her payroll for nearly a decade. Whitman denounced the ... (Source: Minneapolis Star Tribune 2010-10-01T05:32:12Z)

McDonald's not lovin' reform

INDIANAPOLIS (AP) — The new health care law could make it difficult for companies such as McDonald's to continue offering limited insurance coverage to their low-wage workers. The world's largest hamburger chain provides its hourly workers with low ... (Source: Columbia Daily Tribune 2010-10-01T20:19:50Z)

New Pacific Metals Announces Expiry of Bid and Take Up of Additional Shares of Tagish Lake Gold

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 09/28/10 -- New Pacific Metals Corp. (TSX VENTURE: NUX) ("New Pacific"), announces that the take-over bid for all of the outstanding common shares ("Tagish Shares") and the offer to purchase all of the secured ... (Source: PR Inside 2010-09-28T12:09:28Z)

Dollar Thrifty rebuffs Avis again, backs Hertz offer

Dollar Thrifty Automotive Group rejected Avis Budget Group's CAR.N revised offer again saying it was not sure if Avis could close the deal and urged shareholders to vote for the lower Hertz Global Holdings offer. "Avis Budget has not demonstrated to our ... (Source: Chicago Tribune 2010-09-27T14:55:18Z)

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)

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