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 26, 2010, 4:39 am

Basic Energy Services Reports Third Quarter 2010 Results

MIDLAND, Texas, Oct. 25 /PRNewswire-FirstCall/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today announced its financial and operating results for the third quarter and nine months ended September 30, 2010. Third quarter revenue rose 13% to $197.3 ... (Source: Forbes 2010-10-25T23:54:45Z)

Video tells Muslims to attack U.S., Europe

CAIRO – A U.S.-born al-Qaida spokesman on Saturday urged Muslims living in the United States and Europe to carry out attacks there. In a 48-minute video posted on militant websites, Adam Gadahn directed his appeal to Muslim immigrants in what he called ... (Source: Fort Wayne Journal Gazette 2010-10-24T08:03:53Z)

Groupon and eBay Announce Co-Marketing Incentives

Groupon ( http://www.groupon.com ), a shopping website that offers a daily deal on the best local goods, services and cultural events in more than 250 markets around the world, announces a national affiliate incentive agreement with eBay (NASDAQ:EBAY), a ... (Source: Consumer Electronics Net 2010-10-25T14:00:37Z)

Pimco's El-Erian Says Fed Easing to Spur Inflation

(Adds comments from Fed President Thomas Hoenig and hedge fund manager John Brynjolfsson in fourth paragraph.) Oct. 25 (Bloomberg) -- Federal Reserve Treasury purchases will spur global inflation while failing to bring down U.S. unemployment, said Mohamed ... (Source: BusinessWeek 2010-10-26T02:32:14Z)

Deals of the day -- mergers and acquisitions

Oct 25 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 2000 GMT on Monday. ** Singapore Exchange (SGX) has agreed a $8.3 billion takeover of Australia's ASX Ltd to create ... (Source: The Guardian 2010-10-25T20:05:41Z)

Groupon signs deal with eBay

CHICAGO — Groupon, a shopping website that offers a daily deal on local goods, services and cultural events, announced a national affiliate incentive agreement with online marketplace, eBay. Starting today, visitors to eBay (http://groupon.ebay.com) will ... (Source: Arlington Heights Daily Herald 2010-10-25T17:49:41Z)

Indonesia's Kepulauan Mentawai Quake Leaves 23 Dead

(Updates with tsunami in second paragraph.) Oct. 26 (Bloomberg) -- A magnitude-7.5 earthquake that caused a small tsunami in Indonesia's Kepulauan Mentawai region off western Sumatra yesterday left at least 23 people dead and 167 others missing, the ... (Source: BusinessWeek 2010-10-26T10:17:31Z)

Kenneth Cole shares drop on media report

NEW YORK (AP) -- Shares of Kenneth Cole Productions Inc., which makes shoes, handbags and clothes, fell on Monday after the New York Times DealBook blog reported that talks between it and Iconix Brand Group have stalled. THE SPARK: Kenneth Cole and Iconix ... (Source: Yahoo Finance 2010-10-25T21:24:25Z)

Treasury Draws Negative Yield for First Time During TIPS Sale

Oct. 25 (Bloomberg) -- The Treasury sold $10 billion of five-year Treasury Inflation Protected Securities at a negative yield for the first time at a U.S. debt auction as investors bet the Federal Reserve will be successful in sparking inflation. The ... (Source: San Francisco Gate 2010-10-25T20:41:28Z)

Savient Pharmaceuticals Provides Update on Strategic Alternatives Process

EAST BRUNSWICK, N.J. , Oct. 25 /PRNewswire-FirstCall/ -- Savient Pharmaceuticals, Inc. (Nasdaq: SVNT - News ) today announced that its previously announced process to identify, following the approval of KRYSTEXXA™ by the U.S. Food and Drug Administration ... (Source: Yahoo Finance 2010-10-25T15:40:50Z)

Indonesia tsunami kills 23, dozens missing

JAKARTA — The death toll from a tsunami caused by an earthquake off western Indonesia climbed to 23 and scores of villagers were missing, The Associated Press reported on Tuesday. The 7.5 magnitude quake hit 48 miles west of South Pagai in the Mentawai ... (Source: msnbc.com 2010-10-26T10:17:31Z)

Brazil not planning capital gains tax on bonds

BRASILIA, Oct 25 (Reuters) - Brazil is not planning to reinstate a capital gains tax on foreign holdings of local bonds to help curb a currency rally, the country's Finance Minister Guido Mantega said on Monday. Instead, the sale of real-denominated bonds ... (Source: Inside Fidelity 2010-10-25T19:15:35Z)

Fitch Rates Louisville-Jefferson County Metro Government, KY's GO Bonds 'AAA'; Outlook Stable

--$6,520,000 taxable GO refunding bonds, series 2010E. The bonds are scheduled for competitive sale on Oct. 27, 2010. Proceeds will be used to refund series 2001A and series 2002 A & B bonds. In addition, Fitch affirms at 'AAA' the ratings on the metro ... (Source: Yahoo Finance 2010-10-25T21:38:44Z)

Police: 4 children in car during drug transaction

WANTAGH, N.Y. — Police say a woman had her four children in the car while driving a friend to a location where that person conducted an illegal drug sale. Police say Cynthia Carter was charged with endangering the welfare of a child and criminal ... (Source: Wall Street Journal 2010-10-25T09:28:36Z)

eBay Partners With Groupon On Daily Deals

eBay has partnered with social shopping website Groupon, to offer daily deals from Groupon throughout its site. Members of the eBay Bucks Rewards Program who purchase Groupon deals from the eBay site earn 5% of the purchase price back in eBay Bucks ... (Source: WebProNews 2010-10-25T15:05:02Z)

Italy Beats Peers With Cheapest Debt Since August: Euro Credit

Oct. 25 (Bloomberg) -- Italy may have an easier time selling bonds than its peers this week as optimism about the nation's budget restraint drives borrowing costs to the lowest level since August. The Treasury will auction about 11 billion euros ($15.3 ... (Source: BusinessWeek 2010-10-24T22:15:43Z)

UPDATE 2-Brazil rules out capital gains tax, praises G20

BRASILIA, Oct 25 (Reuters) - Brazil's finance minister on Monday praised progress by the Group of 20 economies on global currency issues and ruled out a new capital gains tax on foreign holdings of local bonds to curb a domestic currency rally. Finance ... (Source: Reuters UK 2010-10-25T21:17:16Z)

4 children in car during LI drug transaction, police say

WANTAGH, N.Y. (AP) — Police say a woman had her four children in the car while driving a friend to a location where that person conducted an illegal drug sale. Police say Cynthia Carter was charged with endangering the welfare of a child and criminal ... (Source: LoHud.com 2010-10-25T10:47:20Z)

NJ's Savient says company won't be sold

Savient Pharmaceuticals said its strategy of finding a buyer to launch its newly approved drug for severe, chronic gout will not result in a sale of the company at this time. The board of directors will continue to evaluate strategic alternatives to ... (Source: NJ.com 2010-10-25T16:52:25Z)

Fitch Rates Fairfax County Water Authority's (Virginia) $85MM Water Revenue Bonds 'AAA'

NEW YORK - (Business Wire) Fitch Ratings has assigned the following ratings to Fairfax County Water Authority, VA's (Fairfax Water) water revenue bonds: --$18.5 million series 2010B 'AAA'. The bonds are expected to sell via competitive sale on Oct. 26 ... (Source: Earthtimes 2010-10-25T18:54:06Z)

At Least 160 Missing After Tsunami Hits Indonesia

At least 160 people, mostly women and children, are missing from an Indonesian village that was pounded by an enormous wave after an earthquake off the coast of Sumatra caused a local tsunami, officials said on Tuesday. The 7.5 magnitude quake hit 78 km ... (Source: Post Chronicle 2010-10-26T11:14:47Z)

UPDATE 1-Brazil not planning capital gains tax on bonds

BRASILIA Oct 25 (Reuters) - Brazil is not planning to reinstate a capital gains tax on foreign holdings of local bonds to help curb a currency rally, the country's Finance Minister Guido Mantega said on Monday. Instead, the sale of real-denominated bonds ... (Source: Reuters 2010-10-25T18:46:57Z)

Borders(R) Advances eReader Revolution with Incredible Device Deals and Savings

ANN ARBOR, Mich., Oct 25, 2010 /PRNewswire via COMTEX/ -- Borders(R) is announcing a host of incredible deals and promotions on its extensive "great-better-best" assortment of eReaders just in time for the holiday season. Beginning today through Oct. 31 ... (Source: Marketwatch 2010-10-25T17:28:12Z)

Fed's Deflation Terror to Spur Easing, Inflation, El-Erian Says

Oct. 26 (Bloomberg) -- Federal Reserve Treasury purchases will likely spur global inflation while failing to lower U.S. unemployment, according to Mohamed A. El-Erian, chief executive officer at Pacific Investment Management Co. Quantitative easing, the ... (Source: BusinessWeek 2010-10-26T06:35:37Z)

Savient Pharma's Planned Sale Not Materialized At This Time - Quick Facts

(RTTNews) - Biopharmaceutical company Savient Pharmaceuticals Inc. (SVNT: News ) Monday said its efforts to identify a strategic deal for the sale of the company did not materialize. The board of directors said it will continue to evaluate strategic ... (Source: RTT News 2010-10-25T16:09:28Z)

Fitch Rates King County, Washington's 2010 $27MM LTGO BANs 'F1+'

NEW YORK--(BUSINESS WIRE)-- Fitch Ratings has assigned 'AAA' ratings to the following $27.2 million limited tax general obligation bond anticipation notes (LTGO BANs) for King County, Washington (the county), in the following projected amounts: --$9.6 ... (Source: StreetInsider.com 2010-10-25T22:00:13Z)

Berlusconi, Snubbed in Europe, Seals Deals Elsewhere

(Corrects spelling of Nicolas in first paragraph.) Oct. 19 (Bloomberg) -- When French President Nicolas Sarkozy hosts his Russian and German counterparts for talks on European security today, Europe's second-biggest energy partner with Moscow won't be ... (Source: BusinessWeek 2010-10-19T13:24:47Z)

American Dental Partners Reports Third Quarter 2010 Financial Results

WAKEFIELD, Mass., Oct. 25, 2010 (GLOBE NEWSWIRE) -- American Dental Partners, Inc. (Nasdaq:ADPI) announced financial results today for the quarter and nine months ended September 30, 2010. Comparing results for the third quarter of 2010 with results for ... (Source: msnbc.com 2010-10-26T03:43:49Z)

Market Chatter -- Corporate finance press digest

BANGALORE Oct 26 (Reuters) - The following corporate finance-related stories were reported by media: * Adobe Systems ( ADBE.O ) aims to grow independently, its chief executive told a German newspaper, following speculation the software maker could become a ... (Source: Reuters 2010-10-26T04:48:14Z)

Cops: Woman Had 4 Children in Car During Drug Transaction

A Long Island woman was arrested and charged after she drive another woman to an apparent drug transaction while having four children in the car, police announced Monday. According to authorities, Cynthia Carter, 49, of Bay Shore and Tamisha Kilpatrick, 21 ... (Source: KTLA.com 2010-10-25T19:29:53Z)

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