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, 9:40 am

Weatherford Announces Expiration of Maximum Tender Offer and Results of Cash Tender Offers

Each of Weatherford Delaware and Weatherford Bermuda, as applicable, has accepted for purchase all 5.95% Senior Notes due June 15, 2012 validly tendered and not validly withdrawn (acceptance priority level one), $206,003,000 in aggregate principal amount ... (Source: Yahoo Finance 2010-10-21T12:03:40Z)

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)

Expert faults Israel, UN in occupied Palestinian territories

New York - Israel and the United Nations stand to be blamed for human rights conditions in Palestinian-occupied territories, a UN human rights rapporteur said Friday. Richard Falk said he was barred by Israel to visit the West Bank, East Jerusalem and Gaza ... (Source: Earthtimes 2010-10-22T15:51:33Z)

AIA/AIG Looking for Big Month for Hong Kong IPO's

The Asian unit of the troubled U.S. insurance giant, American International Group, is on track to raise at least $18 billion from its Hong Kong initial public offering.  AIA's listing next week will cap a month of intense capital raising in the city. AIA ... (Source: Voice of America 2010-10-22T14:47:07Z)

EXCLUSIVE - GE, Honeywell, United Tech eye BAE unit

NEW YORK (Reuters) - General Electric Co, Honeywell International and United Technologies are among the suitors for BAE Systems' aerospace unit that could fetch up to $2 billion for Europe's top defense group, people familiar with the matter said on ... (Source: Reuters India 2010-10-20T02:25:02Z)

Montco D.A.: Lansdale man brought son along to drug deal

Montgomery County authorities have arrested a man with an allegedly twisted idea of "Take Your Child to Work Day." Chheng Ploysy, 24, of Lansdale, allegedly sold drugs to undercover officers at least three times during the past three months - once while ... (Source: Philadelphia Daily News 2010-10-22T15:01:26Z)

Tribe, developer, environmental groups announce major shoreline deal

RICHMOND -- An Indian tribe and the developer of a planned billion-dollar casino resort at Point Molate have reached a deal with local environmental groups that calls for at least $48 million for shoreline land and protections if the casino rises, both ... (Source: San Jose Mercury News 2010-10-20T19:00:02Z)

Weatherford Announces the Total Consideration for its Maximum Debt Tender Offer

Weatherford International Ltd., a Swiss joint-stock corporation (NYSE: WFT) ("Weatherford"), announced today the reference yield and the total consideration for each series of notes subject to its previously announced Maximum Tender Offer, whereby (a ... (Source: Stockhouse 2010-10-20T19:21:30Z)

AIG to raise $18 billion in Hong Kong to help pay back US taxpayersse

HONG KONG — The Asian insurance unit of American International Group Inc. said today that it will raise about $18 billion from its Hong Kong listing — helping AIG to repay a massive U.S. government bailout. AIA Group Ltd. said in a statement that ... (Source: Oregonian 2010-10-22T14:47:07Z)

Could A Second Cast Lead War Be On The Cards For Israel?

would gain better consequences that the war itself." Israel is currently preoccupied with how to restart peace talks which have stalled with the Palestinian Authority after a ban on settlements into the West Bank was lifted. Many are saying that the best ... (Source: Transworld News 2010-10-22T15:30:04Z)

Southwest adds flights to South Carolina

It might be time to plan that spring golf trip. Southwest Airlines will offer flights to South Carolina from Baltimore/Washington International Thurgood Marshall Airport for the first time starting in March. The airline will launch three daily roundtrips ... (Source: Birmingham Business Journal 2010-10-20T15:18:07Z)

AIA Prices IPO, 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 ($2.53) a share and boosted the deal size by 20%, keeping AIG on track to raise as much as $ ... (Source: Wall Street Journal 2010-10-22T11:12:22Z)

Californian jailed in Iran for 29 months back at home

LOS ANGELES (AP) – A California man who spent more than two years in an Iranian prison on allegations of passing money to a rebel group has returned to his California home. Reza Taghavi, 71, arrived at Los Angeles International Airport late Thursday ... (Source: News-Gazette 2010-10-22T15:15:45Z)

Point Molate Lawsuit Settles; Some Casino Foes Doubtful

Opponents of a proposed casino resort development on the Richmond shoreline were not swayed today by an announcement that developers for the Guidiville tribe and a coalition of environmental groups came to a settlement agreement in a lawsuit. Developers ... (Source: Berkeley Daily Planet 2010-10-21T01:33:44Z)

Weatherford Announces Total Consideration For Maximum Debt Tender Offer

(RTTNews) - Weatherford International Ltd. (WFT: News ) announced Wednesday the reference yield and the total consideration for each series of notes subject to its previously announced Maximum Tender Offer by two of its subsidiaries. The total ... (Source: RTT News 2010-10-20T19:50:08Z)

Calif. man home after 29 months in Iranian prison

LOS ANGELES - A California businessman who spent more than two years in an Iranian prison after being accused of passing money to a rebel group returned home Thursday. Reza Taghavi, 71, arrived at Los Angeles International Airport at about 7 p.m. with his ... (Source: Tampa Bay Online 2010-10-22T11:48:10Z)

DA: Pa. man biked tot in trailer to drug deals

Police say a suburban Philadelphia man is facing child endangerment charges for riding his bike to drug deals with his toddler in a tow-trailer. Police arrested 24-year-old Chheng Ploysy, of Lansdale, on Tuesday after they say he brought his 3-year-old son ... (Source: Salon 2010-10-22T14:04:10Z)

O.C. man is home after 2 years in Iran prison

LOS ANGELES -- A Tustin Ranch businessman who spent more than two years in an Iranian prison after being accused of passing money to a rebel group returned home Thursday. Reza Taghavi, 71, arrived at Los Angeles International Airport at about 7 p.m. with ... (Source: msnbc.com 2010-10-22T13:14:04Z)

Yara reports strong results as margins and volumes improve

Oslo, Norway, Oct 19, 2010 (Thomson Reuters ONE via COMTEX) -- Oslo (2010-10-19): Yara International ASA reports strong results for third quarter 2010 as fertilizer margin improvement and higher sales volumes more than offset increased energy costs. Third ... (Source: TMCnet 2010-10-19T09:28:33Z)

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)

Richmond casino deal by environmentalists, tribe

Richmond will get a Bay Trail extension and hundreds of acres of open space as part of a sweeping deal struck Wednesday between environmental groups and a tribe that hopes to build a $1 billion casino resort at Point Molate. The agreement, which stems from ... (Source: San Francisco Gate 2010-10-21T12:46:37Z)

Iran, Venezuela leaders seek a '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: Tulsa World 2010-10-21T07:31:39Z)

SDRL - Seadrill dispose of the jack-up rig West Larissa

Seadrill has entered into an agreement to sell the 1984 built jack-up drilling rig West Larissa to a buyer registered in Panama for a total consideration of US$55 million. Seadrill expects to record a gain on sale of approximately US$26 million in the ... (Source: msnbc.com 2010-10-14T07:32:48Z)

GE, Honeywell and United Tech Said to Eye BAE Unit

General Electric , Honeywell International and United Technologies are among the suitors for BAE Systems ' aerospace unit that could fetch up to $2 billion for Europe's top defense group, people familiar with the matter told Reuters on Tuesday. BAE ... (Source: New York Times Blogs 2010-10-20T07:54:19Z)

Philadelphia-area man arrested, allegedly took 3-year-old son in bike trailer to drug deals

NORRISTOWN, PA. — Police say a suburban Philadelphia man is facing child endangerment charges for riding his bike to drug deals with his toddler in a tow-trailer. Police arrested 24-year-old Chheng Ploysy, of Lansdale, on Tuesday after they say he ... (Source: San Francisco Examiner 2010-10-22T14:32:48Z)

SDRL - Seadrill successfully completes issuance of US$650 million convertible bond

Hamilton, Bermuda, October 21, 2010 - Seadrill Limited announces today that it has successfully completed a seven year US$650 million convertible bond in the international market. The senior, unsecured bonds will have an annual coupon of 3.375% payable ... (Source: PR Inside 2010-10-21T15:52:44Z)

GE, Honeywell and United Tech Among Bidders for BAE Unit

General Electric , Honeywell International and United Technologies are among the bidders for BAE Systems ' aerospace unit, which could fetch up to $2 billion, people familiar with the matter told Reuters on Tuesday. BAE Systems, which has hired advisers ... (Source: New York Times Blogs 2010-10-20T13:37:54Z)

Palestinians may appeal to United Nations, others in international community for help on Israel ...

""Hanan Ashrawi, a former peace negotiator who is a part of the inner ruling circle of the Palestine Liberation Organization, which oversees the Palestinian Authority, said, "If we cannot stop the settlements through the peace process, we have to go to the ... (Source: Cleveland Plain Dealer 2010-10-21T03:35:26Z)

Southwest Airlines Announces Fares and Flights To/From South Carolina

DALLAS, Oct. 20 /PRNewswire-FirstCall/ -- Southwest Airlines is coming to the Palmetto State! Today, Southwest announced it will begin service to/from Charleston International Airport (CHS) and Greenville-Spartanburg Airport (GSP) on March 13, 2011 . In ... (Source: Yahoo Finance 2010-10-20T14:28:01Z)

Southwest announces March 13 start date for South Carolina

Southwest is launching the new cities with a fare sale through the end of Thursday, with fares as low as $30 one-way on Charleston and Greenville-Spartanburg nonstop flights to and from those cities. The Southwest quote in its announcement was all ... (Source: Dallas Morning News (blog) 2010-10-20T14:28:01Z)

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