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, 2:39 am

Delaying sale might hike Genzyme price

Time may be Genzyme Corp.'s best defense against Sanofi-Aventis SA's $18.5 billion hostile takeover, after the U.S. company shed protections that could have helped deflect an unwanted suitor. Sanofi made a $69-a-share tender offer Monday, after ... (Source: Worcester Telegram & Gazette 2010-10-08T08:51:29Z)

U.S. plan for current account caps has merit-Canada

GYEONGJU, South Korea Oct 22 (Reuters) - Canada sees merit in a U.S. proposal to cap current account surpluses or deficits as a way to help to rebalance the global economy, a senior Canadian finance official said on Friday. The official also said that he ... (Source: Reuters 2010-10-22T05:28:46Z)

Genzyme third quarter revenue increases to $1.0 billion

Genzyme Corp. (NASDAQ: GENZ) today reported third-quarter earnings growth driven by increased shipments of Cerezyme ® (imiglucerase for injection). Patients in the United States began returning to normal dosing levels last month, and patients globally are ... (Source: News-Medical.Net 2010-10-21T04:47:01Z)

TAKE-A-LOOK-G20 finance ministers to tackle FX row, bank rules

Speculation of a grand bargain by the Group of 20 to rebalance the global economy is swirling ever faster thanks to China's surprise decision to raise interest rates for the first time since 2007. G20 finance and central bank chiefs meet on Friday and ... (Source: Reuters UK 2010-10-21T02:09:32Z)

Day Care Operator Pleads Not Guilty To Neglect, Battery

PLAINFIELD, Ind. -- A Plainfield day care operated has pleaded not guilty after a toddler was seriously burned in her home, police said. Irene Martin, 37, who was charged with two felony counts of battery and one felony count of neglect, cried through most ... (Source: 6 News WRTV 2010-10-21T20:53:23Z)

Big question for big man as rebuilt Rockets eye Yao Ming's health heading into season

HOUSTON — Yao Ming hasn't been in an NBA game that counted since May 2009. The Houston Rockets can't wait to see what he can do after a lengthy recovery from foot surgery. The question is whether the 7-foot-6 center can stay healthy. Houston has a new ... (Source: San Francisco Examiner 2010-10-21T18:58:51Z)

Iran, Venezuela Promise "New World Order"

The leaders of Iran and Venezuela hailed what they called their strong strategic relationship on Wednesday, saying they are united in efforts to establish a "new world order" that will eliminate Western dominance over global affairs. Iranian President ... (Source: KKTV 2010-10-21T23:16:33Z)

Gold fell 1.55% to a two week low on Thursday

Key Notes: The Labour Department reported that Initial jobless claims fell last week by 23,000 to 452,000. The slight improvement in economic data boosted the dollar as it reversed earlier losses. The dollar index was up 0.4%. Gold came under pressure and ... (Source: FXStreet.com 2010-10-22T04:24:21Z)

Currency skirmishes as G20 powers meet

GYEONGJU, South Korea (AFP) – The United States urged G20 powers to alter their currency regimes to shore up fragile global growth, but faced resistance Friday to its ideas to reorder the post-crisis world economy. G20 finance ministers and central ... (Source: YAHOO! 2010-10-22T08:34:53Z)

Southwest announces GSP destinations, fare sale

GREENVILLE, S.C. — Southwest Airlines said today that it will operate nonstop flights to five destinations when it begins serving Greenville-Spartanburg International Airport in March. The discount carrier said it will offer two flights daily to ... (Source: Asheville Citizen-Times 2010-10-20T22:20:28Z)

G20 tasked with quelling currency battles as ministers warn risks to global economy

GYEONGJU, South Korea (AP) — The U.S. pressed for emerging nations to set targets to reduce their vast trade surpluses with the West, a plan that could see their currencies rise, as a summit of top finance officials fumbled for ways to reduce tensions ... (Source: Los Angeles Times 2010-10-22T09:10:41Z)

Plainfield babysitter pleads not guilty in toddler's burning

Cat Andersen /Eyewitness News Hendricks County - A babysitter appeared in court Thursday after being arrested for burning a two-and-a-half-year-old child in her care. Irene Martin, 37, walked into the courtroom crying Thursday afternoon. She has been ... (Source: msnbc.com 2010-10-21T21:14:51Z)

TSYS inks deals with Swisscard, Bank of Montreal

TSYS has signed deals to provide payment services to a Swiss joint venture and a Canadian bank. Financial terms of both deals were not disclosed. Columbus., Ga.-based TSYS (NYSE: TSS) said it will provide Swisscard AECS AG -- a joint venture between Credit ... (Source: Birmingham Business Journal 2010-10-20T14:28:01Z)

AIG's Asian Insurance Unit Could Close Stock Sale Early

A sale of shares in American International Group Inc.'s Asian life insurer AIA Group Ltd. that could potentially raise up to $20.6 billion will close two days earlier than expected after meeting with strong demand from investors, people familiar with the ... (Source: Wall Street Journal 2010-10-18T13:11:39Z)

Toddler severely burned at Plainfield daycare

PLAINFIELD— A 2-year-old boy here was severely burned on his legs, groin, buttocks, and back after being placed in a tub of scalding hot water. Plainfieldpolice believe 37-year-old Irene Martin intentionally placed the boy in the tub after a potty ... (Source: Hendricks County Flyer 2010-10-21T19:20:19Z)

TSYS in Bank of Ireland deal

TSYS will continue to process consumer and commercial card portfolios for Bank of Ireland under an extension the companies agreed to Monday. Columbus, Ga.-based TSYS (NYSE: TSS) said the multi-year agreement includes services in Ireland and also supports ... (Source: Birmingham Business Journal 2010-10-18T13:25:58Z)

Martin scores 21 to lead Rockets past Spurs

HOUSTON—Kevin Martin scored 21 points, backup center Jordan Hill added 16 and the Houston Rockets beat San Antonio 90-87 on Thursday night in the Spurs' preseason opener. Yao Ming scored five points on a 2-for-8 shooting, grabbed seven rebounds and ... (Source: San Jose Mercury News 2010-10-08T03:22:13Z)

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)

Southwest Airlines announces GSP destinations

GREENVILLE, S.C. — Southwest Airlines said Wednesday that it will operate nonstop flights to five destinations when it begins serving Greenville-Spartanburg International Airport in March. The discount carrier said it will offer two flights daily to ... (Source: Asheville Citizen-Times 2010-10-21T20:53:23Z)

Singapore Government Urges Indonesia to Deal With Haze From Forest Fires

Singapore's environment minister reminded Indonesia to deal with the recurring problem of forest fires on the island of Sumatra after a bout of smoke haze covered Singapore and western Malaysia. "This is not the first time that we have informed that ... (Source: Bloomberg 2010-10-21T01:19:25Z)

FOREX-Euro gains vs dollar on Fed easing view

Speculation of a grand bargain by the G20 to rebalance the global economy is swirling before finance and central bank chiefs meet on Friday in South Korea to discuss a common path on managing currency, trade and economic imbalances. G20 leaders will meet ... (Source: Reuters India 2010-10-21T10:23:27Z)

TSYS to serve Simmons First National

Simmons First National Bank tapped TSYS to service its consumer credit card portfolio. Under the multi-year deal, Columbus, Ga.-based TSYS (NYSE: TSS) will in 2011 provide core account and transaction processing services, card and statement production ... (Source: Atlanta Business Chronicle 2010-10-11T13:34:16Z)

Genzyme: Nice Quarter, Still Too Expensive

After its train wreck of manufacturing problems, Genzyme (Nasdaq: GENZ ) seems like it's getting the cars back on track. The company recorded adjusted earnings of $0.42 per share in the third quarter. Not bad, although it fell well short of what analysts ... (Source: Motley Fool 2010-10-21T19:20:19Z)

Indonesia manages to reduce haze caused by forest fire

JAKARTA, Oct. 22 (Xinhua) -- Indonesia's Foreign Minister Marty Natalegawa said that the country has been succeeding to reduce haze caused by forest fires that often occur in the nation. "In the last four years, we have been successful in reducing haze due ... (Source: Xinhua News Agency 2010-10-22T08:06:15Z)

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)

Nomura, Goldman Move Bankers to Asia for Record Financial Firm Share Sales

Nomura Holdings Inc. , Goldman Sachs Group Inc. and Bank of America Corp. are moving investment bankers who specialize in advising financial-services companies to Asia as banks and insurers sell record amounts of shares. Nomura, Japan's largest ... (Source: Bloomberg 2010-10-22T03:55:43Z)

Rockets' season hinges on Yao's health

HOUSTON -- Yao Ming hasn't been in an NBA game that counted since May 2009. The Houston Rockets can't wait to see what he can do after a lengthy recovery from foot surgery. The question is whether the 7-foot-6 center can stay healthy. Houston has a new ... (Source: ESPN.com 2010-10-21T18:37:22Z)

Southwest Airlines to begin service at GSP to 5 airports

The low-cost carrier on Wednesday revealed the details of its plan to deliver air service to the Greenville-Spartanburg International Airport during a ceremony at the Stevens Aviation Hangar. Business leaders from across the region watched in awe as two ... (Source: Spartanburg Herald-Journal 2010-10-21T21:36:20Z)

Singapore Urges Indonesia to Tackle Haze From Forest Fires

Oct. 21 (Bloomberg) -- Singapore's environment minister reminded Indonesia to deal with the recurring problem of forest fires on the island of Sumatra after a bout of smoke haze covered Singapore and western Malaysia. "This is not the first time that ... (Source: BusinessWeek 2010-10-21T01:19:25Z)

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)

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