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 27, 2010, 2:39 pm

Glaxo whistleblower stands to receive $96m

GSK has agreed to pay $750m and plead guilty to charges related to the manufacture and distribution of adulterated drugs, including the anti-depressant Paxil, at its SB Pharmco Puerto Rico plant between 2001 and 2005. Cheryl Eckard, a former quality ... (Source: Daily Telegraph 2010-10-27T10:02:01Z)

MacBook Air Review Roundup

It's now nearly a week since Apple Chief Steve Jobs introduced a pair off new MacBook Airs. Reviews, however, remain scarce. Good to see most reviewers taking their time. I'll update this post as they come in. Jason Snell, at MacWorld , gives the 11.6 ... (Source: Forbes (blog) 2010-10-26T21:44:43Z)

UPDATE 3-Poland hikes Warsaw bourse IPO price range -sources

In its drive to raise cash from the sale of state assets, Poland's privatisation of state-controlled insurer PZU PZU.WA topped the list of Europe's biggest flotations so far this year, raising $2.7 billion. [ID:nLDE64A2SP] The Warsaw bourse will be the ... (Source: Reuters 2010-10-26T12:26:22Z)

Former Argentine President Nestor Kirchner dies

Former Argentine President Nestor Kirchner — the country's most powerful politician along with his wife, current leader Cristina Fernandez — died suddenly Wednesday after suffering a heart attack, the presidency said. Kirchner, 60, died after he was ... (Source: AP - msnbc.com 2010-10-27T20:03:19Z)

LVMH May Add to Hermes Stake Acquired With 2008 Swaps

Oct. 27 (Bloomberg) -- LVMH Moet Hennessy Louis Vuitton SA may increase its holdings in Hermes International SCA following an earlier purchase of a 17.1 percent stake through equity swaps deals made in 2008, according to a regulatory filing. LVMH concluded ... (Source: BusinessWeek 2010-10-27T19:41:50Z)

Apple's New MacBook Air Goes On Sale Today, Starts At $999

Apple CEO Steve Jobs took the lid off Apple's new MacBook Air and Mac OS X today. The new MacBook launches today, starting at $999. It's impressively thin. Mac OS X 7, "Lion," will launch next summer. A new Mac App Store will launch within 90 days. And ... (Source: Yahoo Finance 2010-10-20T18:38:33Z)

Sun Life selling reinsurance biz to Berkshire

Sun Life Financial Inc. says it is selling its life reinsurance business to Berkshire Hathaway Life Co. of Nebraska. The Toronto financial services firm says the business is profitable but not a growth area for the company. Terms of the sale were not ... (Source: AP - msnbc.com 2010-10-27T16:57:12Z)

Berkshire buying Sun Life's reinsurance business

TORONTO (AP) — Sun Life Financial said Wednesday it is selling its life reinsurance business to Berkshire Hathaway Life Co. of Nebraska, noting that it is not a growth area for the company. The sale price was not disclosed. The deal represents a bet on ... (Source: USA Today 2010-10-27T18:15:56Z)

Berkshire Hathaway buying Sun Life Financial reinsurance business; no terms disclosed

TORONTO (AP) — Sun Life Financial Inc. said Wednesday it is selling its life reinsurance business to Berkshire Hathaway Life Co. of Nebraska, noting that it is not a growth area for the company. The sale price was not disclosed. The deal represents a bet ... (Source: Los Angeles Times 2010-10-27T17:40:09Z)

Citi and LCH Clearnet Collaborate as Chi East's Post Trade Partners

AMSTERDAM & LONDON--( BUSINESS WIRE )--Citi's Global Transaction Services has been selected by LCH.Clearnet Ltd (LCH.Clearnet) to perform settlement agent bank services for the first Pan Asian dark pool, Chi East. "This is a major step forward for the ... (Source: Business Wire 2010-10-24T15:56:20Z)

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 to pay $750 million in defective drug settlement

GlaxoSmithKline Plc, one of the world's largest pharmaceutical companies, has agreed to pay $750 million to settle a U.S. government false-claims lawsuit over the sale of defective drugs. The lawsuit first filed in 2004 by Cheryl D. Eckard, a former ... (Source: News-Medical.Net 2010-10-27T02:38:12Z)

The Dark Knight Rises Without the Riddler or 3D

The Dark Knight rises again in 2012, when Batman 3 comes out. But The Dark Knight Rises is now a more official name for Batman 3, as Christopher Nolan unveiled the film's title today. At this point, even the slightest bit of news for the next movie is ... (Source: Associated Content 2010-10-27T16:35:43Z)

Rudy Giuliani's NY City Hall portrait is unveiled

Tuesday, Oct. 26, 2010 | 5:07 p.m. Former Mayor Rudy Giuliani returned to City Hall on Tuesday for the unveiling of his official portrait, which shows him in a dark pinstripe suit as a tribute to his beloved New York Yankees. The painting, which captured ... (Source: Las Vegas Sun 2010-10-27T00:15:02Z)

Rudy Giuliani's NY City Hall portrait unveiled

Former New York City Mayor Rudy Giuliani (joo-lee-AH'-nee) has returned to City Hall for the unveiling of his official portrait. The painting was unveiled Tuesday. It will hang outside the Blue Room, where mayors hold press conferences and sign bills. The ... (Source: AP - msnbc.com 2010-10-26T23:17:46Z)

LVMH Bought Hermes Stake Using Equity Swaps From 2008

Oct. 27 (Bloomberg) -- LVMH Moet Hennessy Louis Vuitton SA bought a 17.1 percent stake in Hermes International SCA through equity swaps deals it made in 2008, according to a filing submitted today to France's market regulator. LVMH concluded the swap ... (Source: BusinessWeek 2010-10-27T18:30:15Z)

Rudy Giuliani's NY City Hall portrait is unveiled

Associated Press= NEW YORK (AP) — Former Mayor Rudy Giuliani returned to City Hall on Tuesday for the unveiling of his official portrait, which shows him in a dark pinstripe suit as a tribute to his beloved New York Yankees. The painting, which captured ... (Source: The Guardian 2010-10-27T00:15:02Z)

Citi Launches Multi-Bank Global Trade Initiative

AMSTERDAM & NEW YORK - (Business Wire) Citi today announced the launch of an industry initiative from its Global Transaction Services business – The Multi-Bank Global Trade Program. Leveraging its global footprint, this initiative affords Citi an ... (Source: Earthtimes 2010-10-27T05:58:38Z)

Warsaw Exchange Starts Share Sale, Extending IPO Boom

(Adds bourse earnings from eighth paragraph.) Oct. 14 (Bloomberg) -- The Warsaw Stock Exchange starts taking orders tomorrow for an initial public offering that will make it the first bourse operator in emerging Europe to go public. Bookbuilding for ... (Source: BusinessWeek 2010-10-14T07:18:29Z)

Review: New MacBook Airs still skinny on power

The first MacBook Air laptop hit the catwalk in 2008 as an elegant but somewhat impractical statement about how far Apple would go to make the thinnest laptop ever. It wasn't very powerful, had a short battery life and started with a nosebleed price tag of ... (Source: AP - msnbc.com 2010-10-27T20:17:38Z)

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)

Poland marks capitalist switch with WSE flotation

WARSAW (AFP) – Poland announced the flotation of the Warsaw Stock Exchange (WSE) on Thursday, a symbolic post-communist step for the country as well as the market, now the biggest in central Europe. The sale of the company and its listing on November 9 ... (Source: YAHOO! 2010-10-14T16:43:59Z)

Batman Won't Face Riddler in Christopher Nolan's Dark Knight Rises

Christopher Nolan has divulged the name of his next Batman movie: The Dark Knight Rises . The famously cagey director also revealed to the Hero Complex blog that The Riddler would not be the villain in his sequel to The Dark Knight and Batman Begins ... (Source: Wired News 2010-10-27T17:18:40Z)

French regulator to examine LVMH swoop on Hermes

PARIS (Reuters) - French luxury goods company LVMH's surprise acquisition of 17.1 percent of rival Hermes at a major discount to recent market levels will be investigated by the local market regulator. Hermes, known for leather goods and scarves, said on ... (Source: Reuters 2010-10-25T20:27:09Z)

Citi and LCH Clearnet Collaborate as Chi East's Post Trade Partners

AMSTERDAM & LONDON, Oct 25, 2010 (BUSINESS WIRE) -- Citi's Global Transaction Services has been selected by LCH.Clearnet Ltd (LCH.Clearnet) to perform settlement agent bank services for the first Pan Asian dark pool, Chi East. Chi East, the joint venture ... (Source: Marketwatch 2010-10-25T05:53:51Z)

Nestor Kirchner, former president, dies in Argentina

Nestor Kirchner, the former president of Argentina and husband of the current president, Cristina Fernandez de Kirchner, has died suddenly of a heart attack . Kirchner was rushed to a hospital in the city of El Calafate with his wife at his side, and was ... (Source: Los Angeles Times 2010-10-27T18:15:56Z)

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 2010-10-27T10:59:17Z)

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)

You Won't See The Riddler In The Next Batman Film, 'The Dark Knight Rises'

Director Christopher Nolan is keeping it simple with the title of the next Batman movie (to follow Batman Begins and The Dark Knight ). As he revealed today to The Los Angeles Times' Hero Complex blog , the film will be called The Dark Knight Rises . At ... (Source: NPR News 2010-10-27T14:41:11Z)

Former Argentine President Nestor Kirchner, 60, dies of a heart attack

Former Argentine President Nestor Kirchner, the current president's husband and a contender to succeed her in next year's election, died Wednesday after a heart attack. He was 60. Kirchner was credited by many Argentines with putting South America's No. 2 ... (Source: Los Angeles Times 2010-10-27T18:51:44Z)

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