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 25, 2010, 8:42 pm

Icahn backs Lions Gate-MGM merger

Lions Gate Entertainment Corp. is renewing its effort to merge with Metro-Goldwyn-Mayer Inc. in an offer that has the backing of billionaire Carl Icahn, who holds stakes in both companies. A proposal was sent to Los Angeles-based MGM on Monday, Lions Gate ... (Source: The Vancouver Sun 2010-10-13T08:45:34Z)

Pakistan unmoved by US pressure

ISLAMABAD — Pakistan's foreign minister said yesterday that his country will deal with a key Taliban sanctuary along the Afghan border on its timetable despite increasing US pressure to move swiftly to help turn the war in Afghanistan around. Foreign ... (Source: Boston Globe 2010-10-25T06:36:48Z)

Pakistan resists U.S. push to expand fight

ISLAMABAD, Pakistan - Pakistan's foreign minister said Sunday that his country will deal with a key Taliban sanctuary along the Afghan border on its own timeline despite increasing U.S. pressure to move swiftly to help turn around the war in Afghanistan ... (Source: AZCentral.com 2010-10-25T07:26:54Z)

Dolphins claim they got 'raw end of deal' in loss to Steelers

DAVIE, Fla. (AP) — Upon further review, the Dolphins-Steelers officiating crew made only one mistake on the pivotal play of the game. That's small consolation to the Dolphins, who felt as though they were robbed of a win by "Stealers." The lone ... (Source: USA Today 2010-10-25T23:26:07Z)

Jury orders FedEx to pay $66 million to defunct airline ATA over broken contract

NEW YORK (AP) — A federal jury said FedEx must pay $66 million to now-defunct ATA Airlines, saying the package delivery company broke a contract that ultimately pushed ATA into bankruptcy. The jury for the U.S. District Court in Indianapolis awarded ATA ... (Source: New York's PIX11 / WPIX-TV 2010-10-26T02:03:36Z)

CommScope Shares Pop Amid Carlyle Deal Talks

Shares in CommScope , the telecommunications equipment maker, jumped about 30 percent on Monday after the company confirmed a DealBook report that it was in talks to sell itself to the Carlyle Group . CommScope's shares hovered at about $30 as of ... (Source: New York Times Blogs 2010-10-25T15:55:09Z)

Governors' races offer some of sharpest skirmishes

Some of the sharpest bare-knuckle skirmishes this election season are the races for governor, especially in states shouldering the highest unemployment rates and largest tax increases. Many also are important in presidential elections, and both parties are ... (Source: AP - msnbc.com 2010-10-25T12:41:52Z)

CommScope in buyout talks

The maker of communications cables said it has a "potential agreement" with the Carlyle Group private equity firm, which has offered $31.50 a share in cash, or about $3 bil. CommScope (NYSE: CTV - News ) said there's no guarantee a buyout deal will be ... (Source: Yahoo Finance 2010-10-25T22:43:10Z)

Afghan president says Iran _ and US _ give bags of money to help fund his office

KABUL , Afghanistan (AP) — Afghan President Hamid Karzai said Monday that once or twice a year, Iran gives his office $700,000 to $975,000 for official presidential expenses and that Washington also provides "bags of money" because his office lacks funds ... (Source: Chicago Tribune 2010-10-25T23:33:16Z)

Factbox - Canadian's Guantanamo trial ends with plea deal

GUANTANAMO BAY U.S. NAVAL BASE, Cuba (Reuters) - Canadian captive Omar Khadr accepted a plea bargain at the Guantanamo Bay U.S. Naval Base in Cuba on Monday, averting what might have been the first contested trial in the U.S. war crimes court during Barack ... (Source: Reuters UK 2010-10-25T13:53:27Z)

CommScope in talks with Carlyle on $2.98B buyout

CommScope Inc. is talking to asset management firm Carlyle Group about being taken private in a deal valued at about $2.98 billion. The network infrastructure company said Monday that Carlyle Group would pay $31.50 per share in cash, a 36 percent premium ... (Source: AP - msnbc.com 2010-10-25T14:36:24Z)

FedEx ordered to pay $66M to defunct airline ATA

A federal jury says FedEx must pay $66 million to now-defunct ATA Airlines, saying the package delivery company broke a contract that ultimately pushed ATA into bankruptcy. The jury for the U.S. District Court in Indianapolis awarded ATA $22 million for ... (Source: AP - msnbc.com 2010-10-26T01:42:07Z)

NATO: Raid, Airstrike Kills 15 Militants in South Afghanistan

KABUL, Afghanistan – A raid and airstrike by NATO soldiers in southern Afghanistan killed 15 insurgents on Monday, NATO said. NATO confirmed there had been an operation involving coalition and Afghan security forces to detain a senior Taliban leader ... (Source: FOX News 2010-10-25T18:39:47Z)

Dolphins still steaming about controversial loss to Steelers

DAVIE, Fla. -- Upon further review, the officiating crew in Sunday's Miami Dolphins - Pittsburgh Steelers contest made only one mistake on the game's pivotal play. That's small consolation to the Dolphins, who believe they were robbed of a win, which ... (Source: NFL 2010-10-26T02:32:14Z)

Deal or no deal: Last-minute plea deal could halt trial of Canadian held at Guantanamo

GUANTANAMO BAY NAVAL BASE, Cuba - A Canadian who has been in U.S. custody since he was a teenager could see an end to eight years of legal limbo on Monday as his war crimes trial resumes amid talk of a possible last-minute plea deal to spare him a life ... (Source: Minneapolis Star Tribune 2010-10-25T07:55:32Z)

Lions Gate Renews MGM Merger Bid With Icahn's Support

(Updates with closing share price.) Oct. 12 (Bloomberg) -- Lions Gate Entertainment Corp. is renewing its effort to merge with Metro-Goldwyn-Mayer Inc. in a offer that has the backing of billionaire Carl Icahn, who holds stakes in both companies. A ... (Source: San Francisco Gate 2010-10-12T21:11:13Z)

Steelers win after contested call

NEW YORK (Reuters) - A controversial call that set up a Pittsburgh Steelers victory on Sunday will be the newest topic for fans and experts to debate one week after devastating hits grabbed headlines and forced the NFL to change its rules. The ruling ... (Source: Reuters 2010-10-26T00:16:13Z)

Governors' races offer some heated skirmishes

WASHINGTON (AP) – Some of the sharpest bare-knuckle skirmishes this election season are the races for governor, especially in states shouldering the highest unemployment rates and largest tax increases. Many also are important in presidential elections ... (Source: Sauk Valley Daily Gazette 2010-10-25T06:08:10Z)

Canadian pleads guilty to killing a U.S. soldier

GUANTANAMO BAY NAVAL BASE, Cuba | A Canadian accused of killing an American soldier as a teenage al Qaeda militant pleaded guilty Monday as part of a deal that avoids a war crimes trial for someone labeled a "child soldier" by his defenders. Omar Khadr ... (Source: Washington Times 2010-10-25T23:54:45Z)

Afghan Peace Council to Offer Concessions to Taliban

KABUL (Reuters) - Afghanistan's new peace council said on Thursday it would be willing to make concessions to bring insurgents to the negotiating table, and called for Saudi Arabia's help in mediating peace talks. Qiyamuddin Kashaf, the spokesman for the ... (Source: ABC News 2010-10-21T23:09:23Z)

Jury rules FedEx deal caused airline's bankruptcy, owes $66M

A federal court jury has decided that FedEx prematurely canceled a key agreement for military charter flights with ATA Airlines, causing the Indianapolis-based air carrier to crash in bankruptcy. The jury in U.S. District Court for Southern Indiana, based ... (Source: Indianapolis Star 2010-10-23T23:57:07Z)

Lions Gate: MGM merger would save $100M a year

Boutique movie studio Lions Gate Entertainment Corp. said Monday that its proposed takeover of Metro-Goldwyn-Mayer Inc. would save more than $100 million a year in overhead and boost cash flow beyond that by more than $120 million over five years. The ... (Source: AP - msnbc.com 2010-10-26T02:39:23Z)

Quicksilver lines up book check

The oil and gas company said the group also agreed not to acquire any additional shares, without approval from the board's transaction committee, for the next six months, reported Reuters. Last week, Quicksilver Resources said it received a letter from the ... (Source: Upstream Online 2010-10-25T12:06:05Z)

Australian political parties undermine Singapore exchange's $8.3 billion takeover bid for ASX

CANBERRA, Australia (AP) — Key lawmakers on Tuesday signaled they might scuttle the Singapore Exchange's $8.3 billion cash and shares takeover offer for the operator of the Australian bourse. Opposition Liberal Party treasury spokesman Joe Hockey raised ... (Source: Chicago Tribune 2010-10-26T03:15:11Z)

UPDATE 2-Quicksilver to keep rights plan until definite offer

BANGALORE, Oct 25 (Reuters) - Quicksilver Resources Inc ( KWK.N ) refused to amend its rights plan in the absence of a definite buyout proposal, preventing its largest shareholder group from launching any potential joint bid for the oil and gas company ... (Source: Reuters India 2010-10-25T17:49:41Z)

Singapore's ASX Bid Faces Opposition From Australian Lawmakers

Singapore Exchange Ltd.'s A$8.09 billion ($8 billion) bid for ASX Ltd. triggered a backlash from Australian lawmakers, throwing into doubt whether the deal will win parliamentary approval. ASX shares fell 5.7 percent to A$39.37 in Sydney trading, below ... (Source: Bloomberg 2010-10-26T02:39:23Z)

Quicksilver investor group to start due diligence

(Reuters) - Quicksilver Resources Inc ( KWK.N ), which received a buyout approach from an investor group including its chief executive and chairman, said it signed a confidentiality agreement with the group to inspect its books. The oil and gas company ... (Source: Reuters 2010-10-25T14:57:53Z)

SGX takeover of ASX faces political hurdles

CANBERRA (Reuters) - Singapore Exchange's ( SGXL.SI ) agreed $7.9 billion takeover of Australia's ASX Ltd ( ASX.AX ) faced a new hurdle after key political leaders voiced concern over the deal, sending ASX shares down 5.5 percent. Australia's Greens Party ... (Source: Reuters 2010-10-26T02:53:42Z)

Pakistan to U.S.: We have own agenda

ISLAMABAD - Pakistan's foreign minister said yesterday that his country will deal with a key Taliban sanctuary along the Afghan border on its own timeline despite increasing U.S. pressure to move swiftly to help turn around the war in Afghanistan. Foreign ... (Source: Philadelphia Daily News 2010-10-25T06:58:16Z)

Governors' races offer many sharp skirmishes

Washington — Some of the sharpest bare-knuckle skirmishes this election season are the races for governor, especially in states shouldering the highest unemployment rates and largest tax increases. There are now 26 Democratic governors and 24 Republicans ... (Source: Detroit News 2010-10-25T04:56:35Z)

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