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, 9:40 pm

Offer to Exchange Certain Securities Insured by Financial Guaranty Insurance Company ("FGIC ...

Sharps SP I LLC today announced that it did not receive sufficient participation from eligible holders in its offer to exchange (the "Offer") certain residential mortgage-backed securities and asset-backed securities insured by FGIC (collectively, the ... (Source: PR Inside 2010-10-25T13:17:40Z)

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)

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)

UPDATE 2-Italy's Popolare joins European peers with cap hike

MILAN, Oct 24 (Reuters) - Banco Popolare ( BAPO.MI ) joined European banks tapping investors to help meet new global rules with plans for a hefty capital hike, triggering fears bigger Italian peer Banca Monte dei Paschi di Siena ( BMPS.MI ) will join them ... (Source: Reuters India 2010-10-25T11:58:55Z)

Strickland, Kasich bring in Clinton, Gingrich as race tightens

Ted Strickland and John Kasich are calling on the ghosts of election victories past as they stump for votes in the final week of the Ohio governor's race. Former President Bill Clinton will campaign for Strickland in three cities, including Columbus, on ... (Source: Birmingham Business Journal 2010-10-25T18:39:47Z)

Bush book tour to offer new read on his legacy

When former President George W. Bush trades his silence for the limelight of a book tour in the coming weeks, he surely won't be the only one reassessing his presidency. But as political pundits scurry for the latest opinion polls, few have taken stock of ... (Source: Dallas Morning News 2010-10-26T04:26:46Z)

Banco Popolare Falls the Most in Four Months on Rights Offer

Oct. 25 (Bloomberg) -- Banco Popolare SC fell the most in more than four months in Milan trading after the Italian bank said it plans to raise 2 billion euros ($2.8 billion) in a rights offer to boost capital. Banco Popolare declined as much as 25 cents ... (Source: BusinessWeek 2010-10-25T11:37:27Z)

Banco Popolare joins European peers with cap hike

MILAN, Oct 24 (Reuters) - Banco Popolare joined European banks tapping investors to help meet new global rules with plans for a hefty capital hike, triggering fears bigger Italian peer Banca Monte dei Paschi di Siena will join them. Shares in Verona-based ... (Source: The Guardian 2010-10-25T12:06:05Z)

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)

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)

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)

Governors' races offer some of the sharpest 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. Many also are important in presidential elections, and ... (Source: Newark Advocate 2010-10-25T11:01:39Z)

Prospective buyers inspect FEMA trailers in Mo.

Hundreds of people spent part of their weekend milling around a former Ozark auto dealership checking out 183 FEMA trailers going on the auction block. The trailers were being sold by Easterly Auction Co. on behalf of a company in Georgia called Reliant ... (Source: AP - msnbc.com 2010-10-25T14:22:05Z)

WSJ Doesn't Buy Into Amazon's 'Buy Once, Read Everywhere' Plans

Earlier this month, I told an Amazon ( NSDQ: AMZN ) VP the aspect that bothered me most as a Kindle user was the inability to access my subscriptions across the e-reader platform. Amazon execs are among the best I've ever seen at playing it close to the ... (Source: paidContent.org 2010-10-25T13:31:59Z)

A questionnaire for governor candidates Strickland and Kasich

Editor's note: Our sister newspaper, The Marietta Times, posed a half-dozen questions to two candidates for governor, incumbent Democrat Ted Strickland and Republican John Kasich. The state of Ohio certainly will be affected by several initiatives at the ... (Source: Seneca County Advertiser-Tribune 2010-10-25T16:02:18Z)

Condoleezza Rice's family memoir, reviewed by Patricia Sullivan

On Sept. 15, 1963, 8-year-old Condoleezza Rice was in her father's church in Birmingham, Ala., when a loud thud echoed from the explosion that killed four young girls at the Sixteenth Street Baptist Church across town. In the paralyzing fear of that moment ... (Source: Washington Post 2010-10-21T23:59:30Z)

Condoleezza Rice visits Omaha to receive UNMC's award for cancer research

Condoleezza Rice will be in Omaha tomorrow not to raise awareness for a candidate but for breast cancer. Rice, the former U.S. Secretary of State, will be accepting Ambassador of Hope Award from the University of Nebraska Medical Center's Eppley Cancer ... (Source: Daily Nebraskan 2010-10-26T04:19:36Z)

EastNets Partners With BICS to Offer Global Mobile Remittance Solution

EastNets, a leading global provider of compliance and payments solutions and services, has announced that it has recently signed a partnership with BICS, a leading global provider of Voice, Messaging, Roaming, Connectivity and Mobile Financial Services, to ... (Source: Redorbit.com 2010-10-25T13:24:49Z)

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)

Sharps Terminates Exchange Offer for Certain Securities Insured by Financial Guaranty ...

Sharps SP I LLC (the "Offeror") today announced that it did not receive sufficient participation from eligible holders in its offer to exchange (the "Offer") residential mortgage-backed securities and asset-backed securities insured by FGIC ... (Source: PR Inside 2010-10-25T12:41:52Z)

Ozarkers search for deals in former FEMA trailer auction

Ozark -- The red-and-white stickers on the used FEMA trailers said, "Not to be used for housing," but that didn't deter some of the hundreds of prospective buyers who visited a former auto dealership here in search of bargains. "We're going to be in and ... (Source: News-Leader.com 2010-10-23T09:02:20Z)

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)

Amazon.com Inc Breaks Out To All-Time High

Amazon.com Inc (NASDAQ:AMZN) stock has achieved another fresh, lifetime high. AMZN shares s have hit a fresh all-time high, when they reached $171.69 per share. If the stock can re-break this level on the upside, the following levels based on scaled range ... (Source: Times of the Internet 2010-10-25T15:05:02Z)

Amazon Kindle software to offer newspapers and magazines smartphones

Amazon recently announced that it will begin making Kindle newspapers and magazines available on devices, such as smartphones, with the free Kindle ereader software installed. Amazon will first deploy the functionality on the iPad, iPhone, and iPod touch ... (Source: MobileBurn 2010-10-25T11:51:46Z)

EastNets Partners With BICS to Offer Global Mobile Remittance Solution en.MoRe Deployed ...

WATERLOO, BELGIUM and DUBAI, UAE -- (Marketwire) -- 10/25/10 -- EastNets, a leading global provider of compliance and payments solutions and services, announced that it has recently signed a partnership with BICS, a leading global provider of Voice ... (Source: PR Inside 2010-10-25T13:10:30Z)

Prospective buyers gather to inspect FEMA trailers

Hundreds of people spent part of their weekend milling around a former Ozark auto dealership checking out 183 FEMA trailers going on the auction block. The trailers were being sold by Easterly Auction Co. on behalf of a company in Georgia called Reliant ... (Source: St. Louis Post-Dispatch 2010-10-24T19:59:43Z)

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)

Candidates offer ideas on ARC

MARIETTA - Ohio Gov. Ted Strickland and local officials recently questioned whether a John Kasich administration would be good for Appalachia. In response, the Republican gubernatorial candidate's supporters questioned whether a Strickland administration ... (Source: Parkersburg News & Sentinel 2010-10-13T05:32:17Z)

Pinnacle Solutions Incorporated Selects EastNets SWIFT Service Bureau to Power Its Synergy ...

NEW YORK, NY--(Marketwire - October 25, 2010) - EastNets, a leading global provider of compliance and payments solutions, announced today that Pinnacle Solutions had selected the Company's SWIFT Service Bureau to host their Synergy banking and trade ... (Source: Market Wire 2010-10-25T11:58:55Z)

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