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, 7:40 pm

Telmex Profit Drops 21% as Landline Customers Slip

(Adds investment forecast in fifth paragraph.) Oct. 26 (Bloomberg) -- Telefonos de Mexico SAB, the nation's largest landline phone company, said third-quarter profit fell 21 percent as its phone clients switched to wireless voice plans and cable-TV ... (Source: BusinessWeek 2010-10-26T15:25:19Z)

There Will Be No More Garmin-Asus Nuvifones

In the wake of lackluster sales of their Nuvifone series, Garmin and Asus have announced the end of their partnership to create navigation-oriented phones. The two companies are going their separate ways, though both will continue to be involved in the ... (Source: Brighthand 2010-10-26T16:58:23Z)

Bharti Airtel announces African call centers

India's largest telecom company said it plans to bring call center jobs to Africa, months after it bought out a major mobile phone network on the continent, the global CEO of Bharti Airtel announced Monday. CEO Manoj Kohli and other officials with the ... (Source: AP - msnbc.com 2010-10-26T08:08:40Z)

Mexico's Telmex sees 3rd Q profits drop 21.5

Telecommunications giant Telefonos de Mexico SA says third quarter profits fell by 21.5 percent to 3.7 billion pesos (US$305 million) as compared to the same period of 2009 because of weak sales. It says its number of fixed lines dropped by 1.7 million to ... (Source: AP - msnbc.com 2010-10-26T03:22:20Z)

Glaxo to pay $750 million in adulterated drugs case

GlaxoSmithKline Plc has agreed to pay $750 million and plead guilty to manufacturing and distributing adulterated drugs from a now closed plant in Puerto Rico, the U.S. Justice Department said on Tuesday. The company had said in July it reached an ... (Source: msnbc.com 2010-10-27T00:57:59Z)

Glaxo settles defective drug suit for $750 million

BOSTON (Bloomberg)—GlaxoSmithKline P.L.C. settled a U.S. government false claims suit over the sale of defective drugs for $750 million. The lawsuit was initially filed in 2004 by Cheryl D. Eckard, a former global quality assurance manager for the U.K ... (Source: Business Insurance 2010-10-26T21:23:14Z)

NBA legend West adds voice to W.Va. Senate race

CHARLESTON, W.Va. (AP) — Voters are hearing from a favorite son of West Virginia who's asking them to support Gov. Joe Manchin's U.S. Senate campaign. NBA legend Jerry West has lent his voice to an automated phone call that endorses Manchin and praises ... (Source: Syracuse Post-Standard 2010-10-26T22:20:30Z)

Movie Gallery selling brands, like Hollywood Video

RICHMOND, Va.— Rental video chain Movie Gallery is selling off its store brands Hollywood Video, Movie Gallery and Game Crazy as part of its bankruptcy proceedings. A federal bankruptcy judge in Richmond on Monday approved an auction for its brand names ... (Source: Boston Globe 2010-10-26T15:32:29Z)

NBA legend West adds voice to Senate race

CHARLESTON, W.Va. -- Voters are hearing from a favorite son of West Virginia who's asking them to support Gov. Joe Manchin's U.S. Senate campaign. NBA legend Jerry West, a native of Kanawha County, has lent his voice to an automated phone call that ... (Source: Charleston Gazette 2010-10-27T02:23:53Z)

2nd UPDATE: Icahn Launches Additional Offer For MGM Debt

NEW YORK (Dow Jones)--Billionaire investor Carl Icahn launched a tender offer to buy out bondholders of Metro-Goldwyn-Mayer Inc. for 53 cents on the dollar, sweetening a previous offer he had made in an effort to block a deal that would turn over ... (Source: Wall Street Journal 2010-10-26T20:47:27Z)

Man ID'd in Iowa in police shooting

BOONE, Iowa -- The Boone Police Department on Tuesday identified the man who was shot and killed by an officer Monday at the Hy-Vee store in downtown Boone. He was Gerald Beals II, 29, who had worked at the store since May. Police responded to the grocery ... (Source: Omaha World-Herald 2010-10-27T02:23:53Z)

Bharti splits $500 mn Africa deal among IBM, Tech Mahindra and Spanco

NEW DELHI/MUMBAI: India's top mobile phone firm Bharti Airtel said it will award call centre contracts for its African operations to IBM, Tech Mahindra and Spanco, marking the second significant step in replicating its hugely-successful outsourcing model ... (Source: Economic Times 2010-10-26T05:02:33Z)

Movie Gallery, Hollywood Video, Game Crazy brands up for sale as bankruptcy proceeds

RICHMOND, Va. (AP) — Rental video chain Movie Gallery is selling off its store brands Hollywood Video, Movie Gallery and Game Crazy as part of its bankruptcy proceedings. A federal bankruptcy judge in Richmond on Monday approved an auction for its brand ... (Source: Chicago Tribune 2010-10-26T15:11:00Z)

911 Calls Released In Iowa Hy-Vee Shooting

KETV.com Boone police released more information and recordings Tuesday of phone calls made to 911 before a shooting inside a grocery store. The shooting happened at the Hy-Vee store at 1111 8th St. at 10:50 a.m.on Monday. A police officer shot and killed ... (Source: msnbc.com 2010-10-26T23:46:24Z)

China's Shenzhen Rural Commercial Bank's Nine Million Accounts Live on Signature from Fiserv

Sibos Stand A634 ' Fiserv, Inc . (NASDAQ: FISV), the leading global provider of financial services technology solutions, announced today that Shenzhen Rural Commercial Bank, China (SRCB), has simultaneously gone live across its nearly 200 branches, now ... (Source: Consumer Electronics Net 2010-10-27T01:33:47Z)

Garmin partly splits from ASUS, hints iPhone GPS app coming

ASUS and Garmin today formally declared the end of their phone partnership but left room for collaboration and for expansion of Garmin's smartphone efforts to the iPhone and other platforms. Under the new deal, ASUS will make phones by itself in the future ... (Source: Electronista 2010-10-26T15:03:51Z)

Icahn makes 2nd offer to buy debt from MGM lenders

Billionaire investor Carl Icahn on Tuesday made a second offer to buy debt from the lenders of financially struggling film studio Metro-Goldwyn-Mayer, in an attempt to stave off a combination with Spyglass Entertainment. Icahn is offering to buy up to $1.6 ... (Source: AP - msnbc.com 2010-10-26T19:14:23Z)

Mexico's Telmex bleeds lines, net profit sinks

MEXICO CITY, Oct 25 (Reuters) - Billionaire Carlos Slim's Telmex posted a 21.5 percent drop in third-quarter profit as Mexico's dominant phone and Internet provider shed more lines than expected to cable companies and mobile providers. Telmex said its net ... (Source: Inside Fidelity 2010-10-26T01:13:29Z)

Johnny Cash costumes, guitars, lyrics up for sale

The man in black will be bringing in some green when Johnny Cash's guitars, costumes, handwritten lyrics and personal belongings go on the auction block. The embroidered blue jumpsuit Cash wore to rehearse for his infamous performance at San Quentin State ... (Source: San Francisco Gate 2010-10-26T00:59:10Z)

Garmin is getting out of the smartphone business

Garmin Ltd. is hanging it up as a cell phone producer. Garmin said it is ending its partnership with ASUSTeK Computer Inc. to produce GPS-equipped smart phones. Switzerland-based Garmin (Nasdaq: GRMN) said it will focus on developing navigation and other ... (Source: Birmingham Business Journal 2010-10-26T15:32:29Z)

Johnny Cash's Belongings Being Auctioned

The Man in Black is on the block. A plethora of Johnny Cash's personal items, including guitars, costumes, handwritten lyrics and other assorted personal belongings, are being auctioned off on December 5. Some of the key pieces include the embroidered blue ... (Source: Artistdirect.com 2010-10-26T21:37:33Z)

Movie Gallery, Hollywood Video brands for sale as bankruptcy proceeds

RICHMOND, Va. - Rental video chain Movie Gallery is selling off its store brands Hollywood Video, Movie Gallery and Game Crazy as part of its bankruptcy proceedings . A federal bankruptcy judge in Richmond on Monday approved an auction for its brand names ... (Source: Big Hollywood 2010-10-26T16:58:23Z)

PEOPLE: Johnny Cash memorabilia up for auction

LOS ANGELES — The man in black will be bringing in some green when Johnny Cash's guitars, costumes, handwritten lyrics and personal belongings go on the auction block. The embroidered blue jumpsuit Cash wore to rehearse for his infamous performance at ... (Source: Gwinnett Daily Post 2010-10-26T03:29:30Z)

Icahn increases pressure on MGM, launches new tender offer to take control of company

Carl Icahn is turning up the heat on Metro-Goldwyn-Mayer's creditors to reject the Spyglass Entertainment management plan and merge the financially hobbled studio with Lions Gate Entertainment. The billionnaire investor on Tuesday launched a new tender ... (Source: Los Angeles Times 2010-10-26T19:50:11Z)

Fiserv Announces Closing Of Offer To Purchase Its Outstanding 6.125% Senior Notes Due 2012

Fiserv, Inc. (NASDAQ: FISV), the leading global provider of financial services technology solutions, announced today the final results of its previously announced cash tender offer to purchase up to $250,000,000 aggregate principal amount of its ... (Source: Street.Com 2010-10-13T20:41:23Z)

Bharti Airtel announces deals to bring call centers to Nigeria, Africa with support companies

LAGOS, Nigeria (AP) — India's largest telecom company said it plans to bring call center jobs to Africa , months after it bought out a major mobile phone network on the continent, the global CEO of Bharti Airtel announced Monday. CEO Manoj Kohli and ... (Source: Chicago Tribune 2010-10-25T12:41:52Z)

GlaxoSmithKline settles defective-drug lawsuit for $750 million

GlaxoSmithKline agreed to pay $750 million to settle a U.S. government false-claims lawsuit over the sale of defective drugs. Glaxo and the U.S. Justice Department announced the accord Tuesday, resolving a lawsuit first filed in 2004 by Cheryl D. Eckard, a ... (Source: Washington Post 2010-10-27T00:43:40Z)

McCain Stumps for Raese in West Virginia

CHARLES TOWN, W.Va. (AP) -- Arizona Sen. John McCain says West Virginia's John Raese would be a U.S. senator that conservatives can count on. West Virginia backed McCain in the 2008 presidential election and he appeared with Raese in Charles Town on ... (Source: WSAZ 2010-10-27T02:09:34Z)

911 Calls Released In Grocery Store Shooting

KCCI.com Boone police released more information and recordings Tuesday of phone calls made to 911 before a shooting inside a grocery store. The shooting happened at the Hy-Vee store at 1111 8th St. at 10:50 a.m.on Monday. A police officer shot and killed ... (Source: msnbc.com 2010-10-26T18:09:58Z)

Mobile Banking is Taking Off at Delta Community Credit Union More than five percent of members have ...

BROOKFIELD, Wis., Oct 20, 2010 (BUSINESS WIRE) -- BAI RDC Booth #727 -- Fiserv, Inc. (NASDAQ: FISV), the leading global provider of financial services technology solutions, today announced that Delta Community Credit Union, one of the nation's largest ... (Source: CNBC 2010-10-20T12:54:57Z)

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