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 22, 2010, 12:40 am

AIA raises $17.7 billion in HK IPO: source

HONG KONG (Reuters) - AIA, the Asian life insurance arm of American International Group Inc. <AIG.N>, raised $17.7 billion when it priced its Hong Kong initial public offering at the top end of an indicated range, a source familiar with the deal told ... (Source: msnbc.com 2010-10-22T02:29:49Z)

Crocs Employs Oracle SOA Suite 11g to Enhance Global, Multi-Channel Business With Access to Real-Time

Crocs, Inc. (NASDAQ: CROX) is using Oracle SOA Suite 11g : as part of a larger business strategy to build an innovative IT system to support its global sales and supply chain network, and to provide a holistic view into the entire supply chain. In ... (Source: PR Inside 2010-10-14T12:04:48Z)

Official: White House to Notify Congress on Saudi Arms Deal

WASHINGTON -- The Obama administration is expected to notify Congress on Wednesday of a multibillion-dollar sale of fighter jets and military helicopters to Saudi Arabia , officials said Tuesday. The State Department scheduled a news conference for ... (Source: FOX News 2010-10-19T23:33:14Z)

Cell Therapeutics (CTIC) Announces $21M Preferred Private Placement

Cell Therapeutics, Inc. (Nasdaq: CTIC ) announcd that they have entered into an agreement for the sale of $21 million of their Series 7 Preferred Stock and warrants. The offering will be made in a directly to institutional investors. Each share of Series 7 ... (Source: StreetInsider.com 2010-10-20T11:50:32Z)

AIG Said to Raise $17.8 Billion in AIA Stock Sale

(Updates size of stake sold after upsize option in second paragraph, IPO demand in fifth.) Oct. 22 (Bloomberg) -- American International Group Inc. raised about HK$138.3 billion ($17.8 billion) selling shares in its main Asian unit, AIA Group Ltd., in the ... (Source: BusinessWeek 2010-10-22T01:25:23Z)

Steroids May Only Offer Short-Term Help for Tennis Elbow

THURSDAY, Oct. 21 (HealthDay News) -- Although a steroid shot can relieve the pain of tennis elbow in the short run, long-term use is less effective and might even be harmful, Australian researchers say. "There is a high risk of poor long-term outcomes and ... (Source: AZCentral.com 2010-10-21T23:16:33Z)

Lakers' Sasha Vujacic pops question to tennis star Maria Sharapova

Lakers guard Sasha Vujacic said he is engaged to tennis star Maria Sharapova . Vujacic, who spoke before the Lakers played the Golden State Warriors in an exhibition game on Thursday night in San Diego, said the couple has not set a date. Also, Vujacic, 26 ... (Source: Los Angeles Times Blogs 2010-10-22T02:08:20Z)

Cisco's Hooper Says Firms Face 'Challenging' Deals

Cisco Systems Inc. Senior Vice President Ned Hooper said companies that are chasing growth through mergers and acquisitions are prone to mistakes on valuations and overpaying for targets. Slowing growth and rising cash piles are prompting companies to ... (Source: Bloomberg 2010-10-12T20:56:54Z)

BA makes new offer to settle crew row

Hopes of an end to one of the ugliest bouts of industrial action British Airways has ever seen have risen after the company agreed fully to restore prized travel perks to striking cabin crew, though not for 2½ years. Willie Walsh, BA chief executive, has ... (Source: Financial Times 2010-10-20T22:49:06Z)

AT&T: Record Wireless Sales, Strong Revenue and Earnings Growth Highlight AT&TaEUR(TM)s ...

Dallas, Texas, Oct 21, 2010 (M2 PRESSWIRE via COMTEX) -- * $2.08 diluted EPS compared to $0.54 diluted EPS in the third quarter of 2009? EPS of $0.55, excluding $1.53 in one-time gains from a previously disclosed tax settlement and the sale of Sterling ... (Source: TMCnet 2010-10-21T15:59:53Z)

Cell Therapeutics Adds $21M

Cell Therapeutics (NASDAQ: CTIC ), the Seattle-based developer of cancer drugs, said today it has raised $21 million through a securities offering to four institutional investors. The investors will get preferred stock worth the equivalent of 56.7 million ... (Source: Xconomy 2010-10-21T07:10:10Z)

Analysis: Venezuela's Chavez baits foes with nuclear deal

Venezuelan President Hugo Chavez's plans for a Russian-built nuclear power plant are unsettling his foes, but look more like geopolitical grandstanding than anything concrete at this stage. On an international tour encompassing several of the world's ... (Source: msnbc.com 2010-10-19T16:16:35Z)

AT&T earnings padded by strong iPhone sales

SAN FRANCISCO (MarketWatch) — Booming demand for the iPhone helped AT&T Inc. report a strong growth in wireless revenues for the third quarter Thursday, offsetting declines in its landline- and directory-business units. Ma Bell's bottom line for the ... (Source: Marketwatch 2010-10-21T17:25:47Z)

Iran signs 11 energy deals with Venezuela

TEHRAN, Oct. 21 (UPI) -- Eleven memorandums of understanding in the energy sector were signed with the Venezuelan government, Tehran announced Thursday. Venezuelan President Hugo Chavez arrived in the Iranian capital early this week to meet with his ... (Source: United Press International 2010-10-21T12:10:49Z)

British Airways strike: crew vote on peace deal

The Unite trade union is to ballot British Airways cabin crew on a peace offer that could end a year-long industrial dispute. Preparations are underway for a poll of around 10,000 flight attendants that could begin as soon as next week after the outlines ... (Source: Utv 2010-10-20T12:40:38Z)

Obama Seeks Congressional OK For Weapons Sale

The Obama administration has notified Congress that it plans to sell $60 billion in fighter jets, helicopters and other advanced weaponry to Saudi Arabia. The deal is part of the U.S. effort to build up allies in the Persian Gulf to counter Iran. Copyright ... (Source: NPR News 2010-10-21T19:34:38Z)

Ex-VP, Associate GC at Oracle Joins White & Case

Brady Mickelsen, former vice president and associate general counsel for Oracle Corp. , has joined White & Case as a mergers and acquisitions partner in the firm's Silicon Valley office. Many of those deals involved foreign companies, Mickelsen said, and ... (Source: Law.com 2010-10-20T18:02:46Z)

Court Fight Blocks Winding Road to Canada's Oil Sands

For now, though, the equipment modules are starting to pile up at the Port of Lewiston, waiting for an Idaho Supreme Court ruling that could keep the plan in park. Imperial Oil, a Canadian unit of Exxon Mobil Corp., says it has spent years hammering out ... (Source: Wall Street Journal 2010-10-21T21:22:01Z)

US-Saudi arms deal ripples from Iran to Israel

As American and Saudi officials spent months quietly hammering out a wish list for a mammoth sale of American warplanes and other weapons to the oil-rich kingdom, leaders in Iran were busy publicly displaying their advances in missiles, naval craft and air ... (Source: AP - msnbc.com 2010-10-21T09:54:49Z)

Verizon to Offer $15/Month Data Promotion

Reuters is reporting that Verizon will begin moving into tiered data with a $15/150 MB per month promotion being offered that will last through at least the end of December. Verizon isn't the first company to introduce such data packages, with AT&T ... (Source: Phandroid 2010-10-20T11:00:26Z)

Chris Pine Takes a Balcony Break

Chris Pine hangs out on a balcony during a break from filming This Means War on Wednesday (October 20) in Vancouver, British Columbia, Canada. The 30-year-old actor is finishing up work on the project - Chris ' co-star, Tom Hardy , left Vancouver that ... (Source: Just Jared 2010-10-21T21:00:32Z)

Verizon To Offer Tiered Data Plan

US mobile service giant Verizon Wireless will begin offering a cheaper mobile data service package with limited downloads starting October 28, source familiar with the matter told the Wall Street Journal. The plan follows a move made by smaller rival AT&T ... (Source: Redorbit.com 2010-10-20T11:36:13Z)

Hugo Chavez meets Syrian President

The Venezuelan President Hugo Chavez met his Syrian counterpart, Bashar al-Assad, yesterday on the Middle East leg of an international tour partly intended to counter what he calls US "imperialism". Chavez flew in on Wednesday from Tehran, where he and ... (Source: Belfast Telegraph 2010-10-22T07:01:50Z)

Record Wireless Sales, Strong Revenue and Earnings Growth Highlight AT&T's Third-Quarter ...

Note: AT&T's third-quarter earnings conference call will be broadcast live via the Internet at 10 a.m. ET on Thursday, Oct. 21, 2010, at www.att.com/investor.relations . DALLAS--(BUSINESS WIRE)-- AT&T Inc. (NYSE: T ) today reported third-quarter results ... (Source: StreetInsider.com 2010-10-21T21:00:32Z)

It's a love match: Lakers guard Vujacic says he's engaged to tennis star Sharapova

SAN DIEGO - Los Angeles Lakers guard Sasha Vujacic says he's engaged to marry Russian tennis star Maria Sharapova. "We are engaged and are both really happy," Vujacic said Thursday night before the Lakers' exhibition game against Golden State. "It's good ... (Source: Minneapolis Star Tribune 2010-10-22T06:26:02Z)

Cell Therapeutics raises $21M in stock sale

Cell Therapeutics Inc. said it's sold $21 million of its preferred stock and warrants to investors. Officials at the Seattle biotech (NASDAQ: CTIC) said they plan to use the money "for general corporate purposes, which may include, among other things ... (Source: Birmingham Business Journal 2010-10-20T13:16:26Z)

T-Mobile outlines prepaid data plans for smartphones

T-Mobile USA said it will launch prepaid mobile data plans for its feature phones and smartphones. The carrier also unveiled prepaid mobile data offerings for its webConnect plans. The nation's No. 4 carrier said that starting Oct. 18 it will offer a ... (Source: FierceWireless 2010-10-13T17:06:38Z)

BA union to ballot on offer to settle dispute

LONDON (Reuters) - The union representing cabin crew at British Airways said on Wednesday it would ballot them on an offer to settle a year-long dispute that has brought strikes costing the airline 150 million pounds. Tony Woodley, joint General Secretary ... (Source: Reuters UK 2010-10-20T15:25:17Z)

AIA's IPO Is Priced, May Top $20 Billion

Hong Kong—American International Group Inc. priced the initial public offering of its pan-Asian life-insurance business AIA Group Ltd. at 19.68 Hong Kong dollars (US$2.53) a share and boosted the deal size by 20%, keeping AIG on track to raise as much as ... (Source: Wall Street Journal 2010-10-22T05:21:37Z)

Lakers' Vujacic says he's engaged to Sharapova

SAN DIEGO -- Los Angeles Lakers guard Sasha Vujacic says he's engaged to marry Russian tennis star Maria Sharapova. "We are engaged and are both really happy," Vujacic said Thursday night before the Lakers' exhibition game against Golden State. "It's good ... (Source: CBS Sports 2010-10-22T05:07:18Z)

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