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 28, 2010, 5:39 am

UPDATE 2-Carlyle to buy CommScope in $3.9 bln deal

Oct 27 (Reuters) - Communications cable maker CommScope Inc ( CTV.N ) said it agreed to be bought out by The Carlyle Group [CYL.UL] in a $3.9 billion deal. Carlyle will acquire all of CommScope's outstanding common shares for $31.50 each in cash, a premium ... (Source: Reuters 2010-10-27T12:53:49Z)

Mayor-Council Standoff Looms Over Parking Sale, Pension Fund

THE PITTSBURGH CHANNEL.com PITTSBURGH -- City Council has passed its plan to bail out Pittsburgh's troubled pension funds -- but the plan cannot move forward without cooperation from Mayor Luke Ravenstahl, who has called it fiscally irresponsible. "This ... (Source: msnbc.com 2010-10-27T08:43:16Z)

$99 Android Tablet Coming To... Walgreens?

Over the summer Kmart sold an Android-based tablet--the 7-inch Augen Gentouch78--packing an 800 MHz CPU, 256 MB of RAM, 2 GB storage capacity, an SD card slot, Wi-Fi, and Android 2.1. The device sold for $149 USD, and given the pricetag of several tablets ... (Source: Tom's Guide 2010-10-25T21:24:25Z)

Swiss tax deals preserve bank secrecy "lite"

ZURICH (Reuters) - Two years ago, it looked like the foreign tax man might break into vaults which house about a third of the world's offshore wealth, tearing through the long Swiss tradition of protecting the privacy of banking clients. But the outlines ... (Source: Reuters UK 2010-10-28T10:15:09Z)

Oct. 26 hearing set on nTelos-FiberNet deal

CHARLESTON, W.Va. -- The parties involved in the case involving nTelos' offer to buy FiberNet have struck a deal and the state Public Service Commission has ordered an Oct. 26 hearing on the matter. NTelos announced on July 30 that it planned to buy ... (Source: Charleston Daily Mail 2010-10-20T22:20:28Z)

Switzerland and Germany sign taxation deal (Roundup)

Geneva/Berlin - Switzerland and Germany brought to an end on Wednesday a long-running taxation dispute by signing a deal granting Berlin easier access to information on alleged tax cheats. Berlin has been one of the fiercest critics of Switzerland's ... (Source: Monsters and Critics 2010-10-27T16:07:05Z)

Combs May Face Lower Yields at Berkshire as Crisis Deals Unwind

Oct. 28 (Bloomberg) -- Todd Combs, the hedge-fund manager hired by Berkshire Hathaway Inc., may face declining yields from the firm's portfolio with the termination of investments made by Chairman Warren Buffett in the financial crisis. Combs, 39, will ... (Source: BusinessWeek 2010-10-28T04:10:04Z)

JetBlue announces service to Anchorage in summer 2011

One of the nation's major discount airlines announced Wednesday it will begin seasonal nonstop flights to Anchorage next year. JetBlue Airways said that it will fly a single daily flight between Anchorage and Long Beach, Calif., from May 26 to Sept. 6. It ... (Source: Anchorage Daily News 2010-10-28T02:44:10Z)

T-Mobile Motorola Defy will be available on November 3 for $99.99

We've known for a while that the rugged, Android-powered Motorola Defy will be headed to T-Mobile in the United States, but details about its availability were scarce. Not anymore, since T-Mobile officially announced (via a tweet ) that the Defy will be ... (Source: Unwired View 2010-10-20T20:33:05Z)

Area colleges haven't seen problems with caffeine, alcohol mix Four Loko

A caffeinated alcohol drink that gained national attention when several college students became ill after drinking it does not appear to be overwhelmingly popular in Pierce County. A caffeinated alcohol drink that gained national attention when several ... (Source: Tacoma News Tribune 2010-10-28T10:29:28Z)

Steve Jobs Got Mad After Microsoft Bought Bungie

Microsoft snuffed out hopes for a Mac Halo. Bungie Studios, before they were known for the Halo series, was a dedicated Mac games developer with classics such as Marathon. The game developer was working on a great-looking title called Halo for both the PC ... (Source: Tom's Guide 2010-10-27T11:06:26Z)

Uranium Energy Corp Completes $27.5 Million Financing

CORPUS CHRISTI, TX , Oct. 27 - Uranium Energy Corp (NYSE-AMEX: UEC, the "Company") announces that, effective after the close on October 26, 2010 , it has completed its previously announced private placement financing (the "Financing") involving the sale of ... (Source: Earthtimes 2010-10-27T12:32:20Z)

PSC staff recommends approval of FiberNet sale to Ntelos

CHARLESTON, W.Va. -- West Virginia regulators are recommending that the Public Service Commission approve Ntelos Holding Corp.'s plan to purchase FiberNet for $170 million. The PSC's staff concluded that the deal's benefits to the combined company's ... (Source: Charleston Gazette 2010-10-19T23:54:42Z)

$100 Android Tablet on Sale at Walgreen

Maylong, a US-based developer focused on personal navigation systems has just made available one of the cheapest Android tablets on the market. Maylong M-150 tablet is now available and "in stock" at Walgreen for just $99.99, which is $30 cheaper than ... (Source: Softpedia 2010-10-27T09:04:45Z)

Pittsburgh City Council approves pension bailout

Pittsburgh City Council on Tuesday gave final approval to a pension bailout plan that hinges on the cooperation of the parking authority, the support of an unhappy Mayor Luke Ravenstahl and the commitment of three councilmen who voted for the proposal but ... (Source: Pittsburgh Post-Gazette 2010-10-27T04:39:54Z)

PSC recommends approval of FiberNet sale to Ntelos

Oct 20, 2010 (The Charleston Gazette - McClatchy-Tribune Information Services via COMTEX) -- CHARLESTON, W.Va. -- West Virginia regulators are recommending that the Public Service Commission approve Ntelos Holding Corp.'s plan to purchase FiberNet for $170 ... (Source: TMCnet 2010-10-21T00:36:28Z)

THE APPLE INVESTOR: If Apple Were To Acquire A Company, It Should Buy Netflix

Expanding beyond its consumer customer base, Apple has enlisted Unisys to help with sales to businesses and U.S. government agencies. The company will provide maintenance and other services to companies and government agencies that purchase Apple devices ... (Source: The Business Insider 2010-10-27T15:02:40Z)

Rodman & Renshaw Acts as a Placement Agent to Completed $27.5 Million Financing for ...

NEW YORK - (Business Wire) Rodman & Renshaw, LLC, a wholly owned subsidiary of Rodman & Renshaw Capital Group, Inc. (NASDAQ: RODM) , announced that its client Uranium Energy Corp (NYSE AMEX: UEC) has completed its previously announced private placement ... (Source: Earthtimes 2010-10-27T18:08:47Z)

Haggen ends sale of Four Loko, Joose beverages

Haggen Food & Pharmacy stores have stopped selling high-alcohol energy drinks such as Four Loko and Joose because their safety is being scrutinized and state officials are calling for their ban. The grocery store chain, which includes TOP Food & Drug ... (Source: Bellingham Herald 2010-10-27T00:43:40Z)

CommScope in Talks With Carlyle Group About $3 Billion Sale

CommScope ( CTV ), a maker of telecommunications equipment, said that private-equity firm Carlyle Group is in talks to buy the company for about $3 billion. If the deal goes through, Carlyle would acquire all of CommScope's outstanding stock for $31.50 a ... (Source: Daily Finance 2010-10-25T12:34:43Z)

Swiss, German finance ministers to sign tax deal

GENEVA -- Switzerland and Germany are poised to sign a deal that will make it easier for Berlin to obtain information on suspected tax cheats hiding assets in secret Swiss bank accounts, officials said Wednesday. The agreement - whose broader purpuse is to ... (Source: Washington Post 2010-10-27T13:51:05Z)

Looking Ahead to the Combs Era at Berkshire Hathaway

The 39-year-old fund manager isn't talking. He declined to comment through his assistant. The likely answer to the big question: Mr. Combs won't be another Mr. Buffett. If you think he will, consider that Berkshire shares have slipped to $120.655 at the ... (Source: Wall Street Journal 2010-10-28T04:02:55Z)

Apple's Steve Jobs Was Unhappy With Bungie Sale

It is well known that the Halo franchise began life on the Mac way back in '99. What isn't as widely circulated is the fact that Apple CEO Steve Jobs was not very happy with the move. In an interview with website Develop former Microsoft Exec Ed Fries ... (Source: TeamXbox 2010-10-27T03:35:28Z)

Caffeine, alcohol mix not hugely popular

A caffeinated alcohol drink that gained national attention when several college students became ill after drinking it does not appear to be overwhelmingly popular in Pierce County. Representatives from Pacific Lutheran University and the University of ... (Source: Tacoma News Tribune 2010-10-28T07:16:11Z)

Buffett's Successor Should Be Good for Berkshire Hathaway

Warren Buffett surprised the financial world this week when he announced that Todd Combs would take over the management of Berkshire Hathaway's ( BRK.A ) investment portfolio when Buffett steps aside or dies. If Buffett is anything, he is consistent, and ... (Source: Seekingalpha.com 2010-10-28T08:06:18Z)

JetBlue will begin nonstop flights to Anchorage in May, offers sale through Friday

LONG BEACH, CALIF. — JetBlue Airways said Thursday it would begin seasonal daily nonstop flights to Anchorage, Alaska, next May 26. The airline said one flight will leave Long Beach Airport at 7:40 p.m., and a southbound flight will leave Anchorage at 1 ... (Source: San Francisco Examiner 2010-10-27T19:13:12Z)

Finkelstein Thompson LLP Announces Investigation Of CommScope, Inc.

Finkelstein Thompson LLP is investigating potential claims on behalf of shareholders of CommScope, Inc. ("CommScope" or the "Company") (NYSE: CTV) concerning the proposed sale of the Company to The Carlyle Group for $31.50 per share in cash. The ... (Source: Street.Com 2010-10-27T23:38:04Z)

JetBlue will begin non-stop flights to Anchorage in May; sale through Friday

LONG BEACH, Calif. - JetBlue Airways said Thursday it would begin seasonal daily non-stop flights to Anchorage, Alaska, next May 26. The airline said one flight will leave Long Beach Airport at 7:40 p.m., and a southbound flight will leave Anchorage at 1 ... (Source: Canada East 2010-10-27T21:22:03Z)

Pittsburgh continues parking lease debate

PITTSBURGH — Commuters will likely still have to deal with increased parking costs in Pittsburgh, but it probably won't be because the city has leased its garages and metered spaces to a private business. In a preliminary vote Wednesday, Pittsburgh ... (Source: Beaver County Times 2010-10-14T13:59:20Z)

Uranium Energy Corp. (UEC) Announces Completion of $27.5 Million Financing

Average quality rating by the Stockhouse community. Uranium Energy Corp. announced today that, effective yesterday, it has completed its previously announced private placement financing involving the sale of an aggregate of 8,111,313 units of the company ... (Source: Stockhouse 2010-10-27T14:48:21Z)

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