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, 7:39 am

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)

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)

Fox rejects Cablevision's offer to end blackout affecting World Series

Cablevision said Wednesday it is willing to pay the same rate as Time Warner Cable for signals from Fox 5 in New York and Fox 29 in Philadelphia for one year, even though the rate is more than it pays for any other New York broadcast station. The cable ... (Source: USA Today 2010-10-28T04:53:01Z)

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)

Council gives final OK to its plan to sell parking assets

Despite Mayor Luke Ravenstahl's objections, Pittsburgh City Council today took a final vote to sell the city's parking assets for a pension fund bailout. Council voted to sell the Mellon Square garage, five surface lots and about 7,000 on-street meters to ... (Source: Pittsburgh Post-Gazette 2010-10-26T16:22:35Z)

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)

Cablevision makes new offer to Fox to end blackout

LOS ANGELES - With baseball's World Series hours away from starting, Cablevision Systems Corp. said Wednesday that it has made a new offer to Fox to pay for signals from Fox 5 in New York and Fox 29 in Philadelphia for one year. Cablevision said in a ... (Source: Philadelphia Daily News 2010-10-28T07:01:52Z)

Air Products changes Airgas offer expiration date

Industrial and medical gas supplier Air Products and Chemicals Inc. said Wednesday it has extended its offer to buy shares of Airgas Inc. until Dec. 3. The offer of $65.50 per share was scheduled to expire Friday. Air Products said nearly 1.9 million ... (Source: AP - msnbc.com 2010-10-27T21:36:22Z)

Law Offices Of Goldfarb Branham LLP Investigating CommScope, Inc. Due To Potential Buyout ...

Goldfarb Branham LLP is investigating potential shareholder claims against the board of directors of CommScope, Inc. (NYSE: CTV) due to the potential sale of the company to The Carlyle Group. The proposed going-private transaction is valued at ... (Source: Street.Com 2010-10-26T13:52:16Z)

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)

CONSUMER: NW grocery chain pulls Four Loko drinks off shelves

Seattle Pressure on makers of caffeinated alcohol drinks is mounting as a Northwest grocery chain announced Tuesday it is pulling the products from its shelves, and a Tacoma legislator said she hopes to make another attempt to ban the beverages in the ... (Source: Bellingham Herald 2010-10-27T17:32:59Z)

James Bond car auctioned off in London

LONDON -- For the discerning driver, it's got an ejector seat, machine guns and a world-class pedigree. Problem is, it costs a truckload of dough. One of the world's most famous James Bond cars - the specially equipped silver Aston Martin first driven by ... (Source: KABC 2010-10-28T12:16:50Z)

UPDATE: Airgas Still Against Air Products Offer Despite New Directors

NEW YORK -(Dow Jones)- Airgas Inc. (ARG), in repeating its case against a hostile bid from Air Products & Chemicals Inc. (APD), emphasized the solidarity of its board, which includes the three directors Air Products nominated to Airgas's board last month ... (Source: Smart Money 2010-10-26T22:34:49Z)

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)

007's Aston Martin is sold for $4.1m

LONDON — One of the most famous James Bond cars — the silver Aston Martin first driven by Sean Connery in "Goldfinger'' — was auctioned off yesterday in London for $4.1 million. The unique car, which boasts an ejector seat, machine guns ... (Source: Boston Globe 2010-10-28T09:25:02Z)

James Bond's Aston Martin for sale

LONDON - For the discerning driver, it's got an ejector seat, machine guns, and a world-class pedigree. Problem is, it's going to cost a truckload of dough. One of the world's most famous James Bond cars - the specially equipped Aston Martin first driven ... (Source: AZCentral.com 2010-10-27T14:48:21Z)

Radio One, Inc. Announces Additional Extension of Pending Exchange Offer

WASHINGTON, Oct. 25 /PRNewswire-FirstCall/ -- Radio One, Inc. (the "Company" or " Radio One ") (Nasdaq: ROIAK and ROIA) today announced that it had further extended the expiration time of its previously announced exchange offer for its 8 7/8% Senior ... (Source: Forbes 2010-10-25T10:47:20Z)

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)

Fox rejects latest Cablevision offer

LOS ANGELES — With baseball's World Series hours away from starting, Cablevision Systems Corp. made a new offer to pay Fox more for its TV stations in New York and Philadelphia, but Fox quickly rejected the offer, calling it incomplete. Cablevision ... (Source: Boston Globe 2010-10-28T11:41:03Z)

RIM Clarifies Free BlackBerry PlayBook for Developers Offer

While on stage at Adobe Max this week Mike Lazaridis made vague mention of an offer for a free PlayBook to developers who have their apps accepted in App World. I tend to be skeptical so I asked RIM for clarification and they got back to me with more ... (Source: Berry Review.com 2010-10-27T01:12:18Z)

XM Satellite Radio Commences Cash Tender Offer and Related Consent Solicitation for its 11.25% Senior ...

NEW YORK, Oct. 13 /PRNewswire-FirstCall/ -- XM Satellite Radio Inc., a wholly owned subsidiary of SIRIUS XM Radio (Nasdaq: SIRI), today announced that it has commenced a cash tender offer to purchase for cash any and all of its 11.25% Senior Secured Notes ... (Source: Redorbit.com 2010-10-13T11:44:31Z)

Stoneridge Announces Completion of Cash Tender Offer

WARREN, Ohio, Oct. 19 -- /PRNewswire-FirstCall/ -- Stoneridge, Inc. (NYSE: SRI) today announced that it has completed its previously announced cash tender offer for its outstanding 11-1/2% Senior Notes due 2012 (the "Notes") and has accepted for purchase ... (Source: Biloxi Sun Herald 2010-10-19T18:25:25Z)

Airgas Comments on Air Products' Tender Offer Extension

RADNOR, Pa. --(BUSINESS WIRE)-- Airgas, Inc. (NYSE:ARG) today issued the following statement regarding the fourth extension by Air Products & Chemicals, Inc. (NYSE:APD) ( Air Products ) of its unsolicited tender offer and Air Products statement that ... (Source: Seekingalpha.com 2010-10-26T23:53:34Z)

Live BlackBerry PlayBook Demo by Mike Lazaridis at Adobe Max

Mike Lazaridis took the stage today at Adobe's MAX conference and showed off a live demo of a BlackBerry PlayBook. If there was any doubt that this thing works we now have an answer. According to Electronista he was showing off a concept health care app ... (Source: Berry Review.com 2010-10-25T19:37:03Z)

Berkshire Hathaway buying Sun Life's reinsurance business

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 on reinsurance ... (Source: Asbury Park Press 2010-10-27T17:47:18Z)

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)

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)

Adobe AIR Apps Demoed on the BlackBerry PlayBook at Adobe MAX

Mike Lazaridis, Co-CEO of RIM, and Kevin Lynch, CTO of Adobe, gave a pretty awesome demo of the BlackBerry PlayBook and Adobe AIR apps running on it. The demo also shows off some cool features such as the multitasking with HD video and Adobe AIR apps. At ... (Source: BLACKBERRYCOOL 2010-10-26T15:18:10Z)

Haggen stores pull caffeinated malt drinks

BELLINGHAM, Wash. - Haggen Food & Pharmacy stores have stopped selling the caffeinated malt beverage Four Loko, which is blamed for sickening Central Washington University students at an off-campus party. The Bellingham-based chain has 32 locations in ... (Source: KTVB 2010-10-27T20:53:25Z)

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