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, 8:40 pm

Treasuries Snap Five-Day Decline as Dudley Says Momentum Slowed

Oct. 27 (Bloomberg) -- Treasuries snapped a five-day decline after Federal Reserve Bank of New York President William Dudley said momentum in the U.S. economy has slowed. The U.S. is scheduled to sell $35 billion of five-year notes today, the third of four ... (Source: San Francisco Gate 2010-10-27T02:23:53Z)

Apollo and CVC to Buy Brit for $1.4 Billion

Brit Insurance Holdings , an insurer based in Amsterdam, said Tuesday that its board would recommend a cash takeover offer worth up to £888 million made by the private equity firms Apollo Global Management and CVC Capital Partners . The $1.4 billion bid ... (Source: New York Times Blogs 2010-10-26T13:16:29Z)

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)

Glaxo Said to Settle U.S. Drug Suit for $750 Million

(Updates with drugs in second paragraph.) Oct. 26 (Bloomberg) -- GlaxoSmithKline Plc settled a U.S. government false claims suit over the sale of defective drugs for $750 million, according to a person familiar with the matter. The London-based ... (Source: BusinessWeek 2010-10-26T19:00:04Z)

Attorneys for Norman, Ambler to argue today over who should be on ballot

A three-judge appeals court panel will hear arguments today on behalf of Jim Norman and Kevin Ambler as the two politicians continue their legal battle over a state Senate seat. Lawyers for Ambler and Norman will get 15 minutes each to state their case and ... (Source: msnbc.com 2010-10-26T10:10:22Z)

GOP interviews Norman, Ambler for disputed state Senate seat

TAMPA - Republican officials today interviewed disqualified candidate Jim Norman and his defeated primary foe, state Rep. Kevin Ambler, as the party seeks a nominee for a disputed state Senate seat. Ambler arrived at a conference center near the University ... (Source: Tampa Bay Online 2010-10-23T20:00:54Z)

Week 7: Eagles vs. Titans

The Eagles enter Week 7 at 4-2 and a top the NFC East. They travel to Tennessee to take on Chris Johnson and the Titans. Kevin Kolb is making his third start this year under center. Michael Vick will be dressed out and ready to go if Kolb struggles. 4th ... (Source: msnbc.com 2010-10-26T11:43:25Z)

Denny Hamlin rules Martinsville again, trims deficit to Jimmie Johnson to six points

MARTINSVILLE, Va. — Denny Hamlin figured if he was going to make a run at Jimmie Johnson's points lead, there was no better place to start than Martinsville Speedway. Hamlin passed Kevin Harvick for the Tums 500 lead with 29 laps to go Sunday and earned ... (Source: St. Petersburg Times 2010-10-25T04:49:25Z)

Possible Democratic Bright Spot in MD Governor Race

Gov. Martin O'Malley is extending his lead in a nasty rematch of his 2006 race against Republican former Gov. Robert Ehrlich. Gov. Martin O'Malley is extending his lead in a nasty rematch of his 2006 race against Republican former Gov. Robert Ehrlich. It ... (Source: WHSV 2010-10-26T15:32:29Z)

Indonesia hit by deadly tsunami, volcanic eruption

A volcanic eruption and a tsunami killed scores of people hundreds of miles apart in Indonesia — spasms from the Pacific "Ring of Fire," which spawns disasters from deep within the Earth. Tuesday's eruption of Mount Merapi killed at least 18 people ... (Source: AP - msnbc.com 2010-10-27T00:29:21Z)

Denny Hamlin wins third straight at Martinsville

MARTINSVILLE, Va. - Denny Hamlin passed Kevin Harvick for the lead with 29 laps to go Sunday and won his third consecutive NASCAR Sprint Cup race at Martinsville Speedway. "I don't think I've ever closed that well, ever," Hamlin said in Victory Lane. He ... (Source: AZCentral.com 2010-10-25T06:58:16Z)

Indonesia hit by twin disasters — nearly 140 killed in tsunami and volcanic eruption

MOUNT MERAPI, Indonesia - A volcanic eruption and a tsunami killed scores of people hundreds of miles (kilometers) apart in Indonesia — spasms from the Pacific "Ring of Fire," which spawns disasters from deep within the Earth. The eruption of Mount ... (Source: Minneapolis Star Tribune 2010-10-27T03:21:09Z)

Martin O'Malley and Robert Ehrlich stay mum on massive pension bill

MARYLAND GOV. Martin O'Malley (D) and his Republican rival, former governor Robert L. Ehrlich Jr., have staged their first debate ; several more are scheduled. They've each poured thousands of words into television ads, campaign appearances, speeches ... (Source: Washington Post 2010-10-13T03:23:26Z)

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 in the history of U.S. debt. The securities drew a yield of negative 0.55 percent, the same as the average ... (Source: BusinessWeek 2010-10-25T17:21:03Z)

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)

Movie Gallery to Auction Intangible Assets

Movie Gallery Inc. and its affiliated chapter 11 debtors-in-possession, have filed a Motion with the Bankruptcy Court for approval to conduct an auction sale of their remaining intellectual property assets. According to a release, assets being sold include ... (Source: TradingMarkets.com 2010-10-19T04:56:32Z)

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)

Norman argues he was wrongly removed from ballot

Lawyers for Hillsborough County Commissioner Jim Norman tried to convince three appeals court judges Tuesday that Norman was wrongly removed from the ballot in a state Senate race. Attorney Barry Richard argued that state Rep. Kevin Ambler should not have ... (Source: msnbc.com 2010-10-26T23:10:37Z)

Savient Says Auction Process Did Not Result in a Sale of the Drug Company

Savient Pharmaceuticals Inc. said its previously announced process to identify, following the approval of Krystexxa by the U.S. Food and Drug Administration, a strategic transaction for the sale of the company did not result in a sale of the company at ... (Source: Bloomberg 2010-10-25T15:47:59Z)

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)

Watch Eagles vs Titans Online Streaming

The Philadelphia Eagles' Kevin Kolb is doing his best to settle any looming quarterback controversy before Michael Vick returns from injury. The Tennessee Titans, meanwhile, are hoping to have at least one healthy passer for this week's game. In a matchup ... (Source: Gather.com 2010-10-24T14:01:48Z)

Eagles-Titans Preview

The Philadelphia Eagles ' Kevin Kolb is doing his best to settle any looming quarterback controversy before Michael Vick returns from injury. The Tennessee Titans , meanwhile, are hoping to have at least one healthy passer for this week's game. In a ... (Source: FOXSports.com 2010-10-21T05:37:07Z)

UPDATE: Savient Plunges As No Sale Occurs; Working On Drug Launch

NEW YORK (Dow Jones)--Savient Pharmaceuticals Inc. (SVNT) shares lost nearly half their value Monday after the drug company said it hasn't yet had success in its attempt to sell itself. A big takeover premium had been built into the stock after its gout ... (Source: Wall Street Journal 2010-10-25T17:06:44Z)

Md. governor seeks to hold off past governor in race that could be bright spot for Democrats

ROCKVILLE, MD. — Gov. Martin O'Malley is expanding his lead in a nasty rematch of his 2006 race against Republican former Gov. Robert Ehrlich, providing a rare bright spot for Democrats bracing for big losses in both congressional and governors' races ... (Source: Washington Examiner 2010-10-26T14:35:13Z)

Jimmie Johnson holds edge in tightest Sprint Cup Chase ever

Denny Hamlin and Kevin Harvick turned the Chase for the Sprint Cup into a three-way battle with top-three finishes Sunday at Martinsville Speedway. History still says Jimmie Johnson — even with a six-point lead that's the smallest with four races left in ... (Source: USA Today 2010-10-24T23:55:56Z)

Private Equity Is Hard-Pushed to Score With Brit

Even for a seasoned batter, this looks like a tough inning. U.S. private-equity group Apollo Management and Europe-based buyout firm CVC Partners have secured management approval for a £890 million ($1.4 billion) takeover of England cricket-team sponsor ... (Source: Wall Street Journal 2010-10-26T19:57:20Z)

GlaxoSmithKline to pay $750m fine in fraud case

Federal prosecutors in Boston yesterday said British drug giant GlaxoSmithKline PLC agreed to pay $750 million to settle civil and criminal charges that it made and sold adulterated drugs, including the antidepressant Paxil, to Medicaid and other ... (Source: Boston Globe 2010-10-27T02:59:41Z)

137 dead as Indonesia hit by tsunami, volcano

JAKARTA (AFP) – At least 112 people were killed and hundreds remained missing in Indonesia after a tsunami triggered by a powerful earthquake smashed into a remote island chain, washing away entire villages. Another 25 people have been killed after the ... (Source: YAHOO! 2010-10-27T03:06:50Z)

Wednesday Papers: Brit Insurance agrees sale to CVC and Apollo - tips, comment and bids

* Brit Insurance has agreed an £888 million cash buy-out deal with Apollo and CVC that values the Lloyd's of London insurer at up to £11 a share. * Area Property Partners, a US private equity group, is in talks to acquire a 30% stake in 222X-Leisure ... (Source: Citywire.co.uk 2010-10-27T02:52:31Z)

TREASURIES-Long bonds gain on expected Fed buying

NEW YORK, Oct 25 (Reuters) - U.S. 30-year Treasury debt prices rose on Monday, flattening the yield curve on expectations that the Federal Reserve will engage in another round of asset purchases. Bargain-hunters bought the 30-year bond, which has become ... (Source: Inside Fidelity 2010-10-25T21:17:16Z)

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