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, 9:41 pm

UPDATE 2-Cemex posts 3rd-qtr loss; U.S. sales weak

MONTERREY, Mexico, Oct 26 (Reuters) - Mexico's Cemex ( CX.N ) ( CMXCPO.MX ), the world's No. 3 cement maker, reported a third-quarter loss from continuing operations of $86 million, hit by lower sales and debt servicing costs. Weak revenue in its key U.S ... (Source: Reuters 2010-10-26T13:02:10Z)

Australia-SGX Deal Faces Mounting Opposition

CANBERRA, Australia—A political backlash threatens to derail the proposed $8.3 billion takeover of Australia's largest stock-market operator by Singapore Exchange Ltd., Key lawmakers signaled they may block the deal because it gives a foreign investor ... (Source: Wall Street Journal 2010-10-26T14:13:44Z)

Tsunami toll rising in Indonesia

JAKARTA, Indonesia -- Indonesian authorities scrambled to deal with two deadly events Tuesday after a tsunami and volcanic eruptions struck in separate regions of the vast archipelago. Rescue workers and fishermen searched for survivors in waters west of ... (Source: Pittsburgh Post-Gazette 2010-10-27T04:25:35Z)

Constellation, EDF reach deal on nuclear ventures

Constellation Energy Group and its French nuclear partner, EDF Group, reached an agreement late Tuesday to give EDF full ownership of the proposed third nuclear reactor at Calvert Cliffs, reviving hopes for the project's future. Under the agreement, EDF ... (Source: Baltimore Sun 2010-10-27T03:49:47Z)

Citigroup executive testifies in NYC he can't recall many details about his work on EMI deal

NEW YORK (AP) — A Citigroup banker accused of tricking a British private equity firm into paying too much for music company EMI had a forgetful day on the witness stand in New York City as he tried to recall his role in the acquisition. Citigroup ... (Source: Chicago Tribune 2010-10-27T00:22:12Z)

Val Kilmer slashes sale price for ranch by $10M

SANTA FE, N.M. -- Actor Val Kilmer has dropped the asking price of his Pecos River Ranch by $10 million. The 5,328-acre ranch includes a 10-bedroom, 10-bathroom, 11,573-square-foot house. Located about 22 miles southeast of Santa Fe, it went on the market ... (Source: AZCentral.com 2010-10-26T16:44:04Z)

Actor Charlie Sheen released from hospital

NEW YORK (AP) — Charlie Sheen was briefly hospitalized Tuesday after security at the Plaza Hotel called police to report he was disorderly and had broken furniture in his room, police said. His publicist blamed an allergic reaction to medication, and ... (Source: Chicago Tribune 2010-10-27T03:14:00Z)

More than 100 dead as Indonesia is hit by tsunami and volcanic eruptions

JAKARTA, Indonesia | Indonesian authorities scrambled to deal with two deadly events Tuesday — a tsunami and volcanic eruptions that struck in separate parts of the vast archipelago. Rescue workers and fishermen searched for survivors in waters west of ... (Source: Kansas City Star 2010-10-27T04:18:25Z)

Actor Val Kilmer Slashes Sales Price For Ranch

SANTA FE, N.M. -- Actor Val Kilmer has dropped the asking price of his Pecos River Ranch by $10 million. The 5,328-acre ranch includes a 10-bedroom, 10-bathroom, 11,573-square-foot house. Located about 22 miles southeast of Santa Fe, it went on the market ... (Source: KOAT 7 2010-10-26T18:31:26Z)

Most Asian Stocks Rise on Profits; Japan's Exporters Gain on Yen

Oct. 27 (Bloomberg) -- Most Asian stocks advanced after National Australia Bank Ltd. returned to profit and as the yen weakened from a 15-year high against the dollar, easing concern that Japanese export earnings will fall. National Australia Bank climbed ... (Source: San Francisco Gate 2010-10-27T04:18:25Z)

Yahoo disappoints on revenue forecast

By Alexei Oreskovic SAN FRANCISCO (Reuters) - Yahoo Inc's uninspiring quarterly sales forecast disappointed Wall Street and underscored how the one-time Internet leader is struggling to keep up with Google Inc and Facebook. Investors have pressured Yahoo ... (Source: msnbc.com 2010-10-19T23:11:45Z)

UPDATE 5-Cemex posts loss but debt deal propels stock

Cemex, which competes with Switzerland's Holcim ( HOLN.VX ) and France's Lafarge ( LAFP.PA ), said it renegotiated its financing agreement with bankers to give the company more time to pay back the $15 billion it took on to buy Rinker. That sent its stock ... (Source: Reuters India 2010-10-26T18:09:58Z)

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 2010-10-27T04:18:25Z)

Glaxo Agrees to Pay $750 Million to Settle Defective Drug Suit

Oct. 27 (Bloomberg) -- GlaxoSmithKline Plc, the U.K.'s largest drugmaker, will pay $750 million to settle a U.S. whistleblower lawsuit over the sale of defective drugs. Glaxo and the U.S. Justice Department announced the agreement yesterday, resolving a ... (Source: BusinessWeek 2010-10-27T03:56:57Z)

Charlie Sheen's latest legal brouhaha: No big deal?

Charlie Sheen can't seem to leave trouble behind. Just days before the three-month probation from his Aspen, Colo., domestic violence case ends next week, the star of the CBS comedy Two and a Half Men was taken to a New York hospital early Tuesday under ... (Source: USA Today 2010-10-27T01:12:18Z)

Constellation reaches deal for EDF to take over nuclear venture

Constellation Energy Group Inc. said late Tuesday it reached a deal with French utility EDF to give up its 50 percent stake in a joint venture to build new nuclear reactors for $140 million. Once the deal is complete, EDF will be the sole owner of the ... (Source: Birmingham Business Journal 2010-10-27T02:52:31Z)

Hands on the Stand: Replaying the EMI Deal

When Guy Hands acquired music company EMI Group more than three years ago, the New York City venue he likely envisioned himself in was Madison Square Garden, taking in a Coldplay concert in the front row or perhaps a Lady Antebellum show from a sky box ... (Source: New York Times Blogs 2010-10-20T17:48:27Z)

Charlie Sheen hospitalized, Quaids act curiously

Sheen hospitalized Charlie Sheen was hospitalized in New York on Tuesday for a psychiatric evaluation. Why Tuesday?, we wonder. Seems to us that Charlie Sheen was just being Charlie Sheen, but judge for yourself. Plaza Hotel security hailed police in the ... (Source: msnbc.com 2010-10-27T03:14:00Z)

Actor Val Kilmer slashes sale price for New Mexico ranch by $10 million

SANTA FE, N.M. (AP) — Actor Val Kilmer has dropped the asking price of his Pecos River Ranch by $10 million. The 5,328-acre ranch includes a 10-bedroom, 10-bathroom, 11,573-square-foot house. Located about 22 miles southeast of Santa Fe, it went on the ... (Source: Chicago Tribune 2010-10-26T15:39:38Z)

Cemex posts loss but debt deal propels stock

MONTERREY, Mexico, Oct 26 (Reuters) - Mexico's Cemex, the world's No. 3 cement maker, lost money in the third quarter because of lower sales and debt servicing costs, but a new financing agreement propelled its stock by nearly 6 percent. The company on ... (Source: The Guardian 2010-10-26T18:09:58Z)

EDF To Buy Constellation's 50% Ownership In UniStar For $140 Mln - Quick Facts

(RTTNews) - EDF S.A. and Constellation Energy Group Inc. (CEG: News ) announced that they have reached comprehensive agreement regarding full ownership of UniStar Nuclear Energy. Under deal terms, EDF will acquire Constellation's 50% ownership in UniStar ... (Source: RTT News 2010-10-27T02:45:22Z)

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)

2nd UPDATE: Cablevision CEO: Willing To Talk With News Corp At FCC

SAN FRANCISCO -(Dow Jones)- Cablevision Systems Corp. (CVC) President and Chief Executive James Dolan said he would welcome government help in resolving programming negotiations between his company and News Corp. (NWS, NWSA). However, the Federal ... (Source: Smart Money 2010-10-27T03:28:19Z)

Citigroup exec testifies in NYC that he can't recall many details about his work on EMI deal

NEW YORK (AP) — A Citigroup banker accused of tricking a British private equity firm into paying too much for music company EMI had a forgetful day on the witness stand Tuesday as he tried to recall his role in the acquisition. "I'm afraid I don't recall ... (Source: FOX43.com 2010-10-27T00:50:50Z)

FCC wants proof Fox and Cablevision are trying to make a deal

A senior Federal Communications Commission official wants to know whether Fox and Cablevision are negotiating in good faith or are spending all their time running attack ads against each other. In a letter to Chase Carey, chief operating officer of News ... (Source: Los Angeles Times 2010-10-24T03:10:24Z)

Feds prod Cablevision, Fox

With the World Series just days away, federal regulators are ratcheting up the pressure on Cablevision and Fox to end a weeklong blackout that has deprived 3 million Cablevision customers of Major League Baseball games and Fox shows like "Glee." Yesterday ... (Source: New York Post 2010-10-23T03:04:25Z)

Indonesia rushes to find survivors after tsunami, volcano eruptions

JAKARTA, Indonesia — Indonesian authorities scrambled to deal with two deadly events Tuesday after a tsunami and volcanic eruptions struck in separate regions of the vast archipelago. Rescue workers and fishermen searched for survivors in waters west of ... (Source: Seattle Times 2010-10-27T04:18:25Z)

Yahoo's 3Q earnings more than double on HotJobs sale, revenue rises by less than 2 percent

SAN FRANCISCO (AP) — Yahoo Inc. shuffled through another quarter of sluggish growth, a performance that may further test the patience of the Internet company's already restless shareholders. The third-quarter results announced Tuesday also seem likely to ... (Source: Chicago Tribune 2010-10-19T23:18:55Z)

Online travel coalition fights Google's ITA deal

SAN FRANCISCO — Several leading Internet travel agencies and search engines are trying to convince U.S. government regulators to block Google Inc. from buying a technology supplier that plays an instrumental role in finding the best airline fares. The ... (Source: WRAL 2010-10-27T03:14:00Z)

Singapore-Australia bourse tie up threatens Tokyo

TOKYO (AFP) – Japan's top exchange will seek its own alliances if a planned multi-billion dollar merger of the Singapore and Sydney stock exchanges goes ahead, the bourse's head said in a report Wednesday. Atsushi Saito, chief executive of the Tokyo ... (Source: YAHOO! 2010-10-27T03:49:47Z)

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