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 30, 2010, 12:39 am

Yankees and Girardi finalize new deal

The New York Yankees and manager Joe Girardi have agreed to a new three-year contract through the 2013 season. The two sides finalized the new pact Friday, totaling $9 million in base compensation, according to MLB.com. There are additional incentives for ... (Source: Miami Herald 2010-10-29T19:32:18Z)

Greece's Piraeus Aims to Raise $1.1 Billion in I.P.O.

Piraeus Bank , Greece's fourth-biggest bank, plans to raise 800 million euros ($1.1 billion) in a sale of new shares to bolster capital, Bloomberg News reported. Piraeus, based in Athens, will seek shareholder approval to sell the shares in January at a ... (Source: New York Times Blogs 2010-10-29T19:03:40Z)

Piraeus Bank confirms 1.05 bln euro capital boost

ATHENS, Oct 29 (Reuters) - Piraeus Bank, Greece's fourth-largest lender, said it would boost capital by 1.05 billion euros ($1.46 billion) to be better placed to deal with stricter capital adequacy conditions, and the recession. Piraeus, like other Greek ... (Source: The Guardian 2010-10-29T10:35:26Z)

IOC looks into sponsorship deals

LAUSANNE, Switzerland -- The International Olympic Committee is examining whether two sponsorship deals involving South Korean companies breach conflict of interest rules with regard to Pyeongchang's bid to host the 2018 Winter Olympics. The South Korean ... (Source: ESPN.com 2010-10-28T22:18:08Z)

Adesso Solutions Signs Multi-Year SaaS Contract with Global Pharmaceutical Leader

ROLLING MEADOWS, Ill.--(BUSINESS WIRE)--Oct 29, 2010 - Adesso Solutions, the leader in integrated technology solutions for the Consumer Goods industry, today announced that a new multi-year contract has been signed with global pharmaceutical leader ... (Source: Phramalive.com 2010-10-29T15:36:05Z)

GM spiffs up finances for IPO

General Motors Co. took steps Thursday to pare its debt and pension obligations by $11 billion, in preparation for its initial public stock offering. Key among them: buying back $2.1 billion in preferred stock that has been held by the U.S. Treasury ... (Source: Detroit News 2010-10-29T19:39:28Z)

Joe Girardi finalizes 3-year deal to stay with Yankees

NEW YORK (AP) — Joe Girardi   (FSY) has completed a new three-year contract with the New York Yankees less than a week after the team was thoroughly outplayed by the Texas Rangers in the American league championships series. The Yankees made the ... (Source: USA Today 2010-10-29T20:29:34Z)

Obama rallies for Perriello in Charlottesville

CHARLOTTESVILLE -- President Barack Obama urged thousands of people huddled in the cold last night to send Rep. Tom Perriello , D-5th, back to Washington , calling it a "test case" to re-elect a candidate with integrity. "The reason I am here is because in ... (Source: Richmond Times-Dispatch 2010-10-30T07:06:40Z)

FCC: Verizon Wireless must pay nearly $78M over fake fees

NEW YORK — Federal regulators say Verizon Wireless has agreed to pay a fine of $25 million and at least $52.8 million in refunds to customers who inadvertently racked up data charges on their phones over the last three years. The Federal Communications ... (Source: Houston Chronicle 2010-10-29T10:49:45Z)

Does Obama Visit Spell Peril for Tom Perriello?

I'm beginning to think Tom Perriello has a stash of nudie pictures of someone within the Democratic Congressional Campaign Committee. Blackmail is about the only thing that could explain his remarkable resurgence of the last 72 hours. As gratifying as ... (Source: Salon 2010-10-29T19:39:28Z)

Verizon Wireless makes record payment to settle wireless overcharges

To end a 10-month inquiry by the Federal Communications Commission into mystery data charges on millions of customers' bills, Verizon Wireless agreed Thursday to refund $52.8 million, pay the government $25 million, and make changes to avoid similar ... (Source: Philadelphia Daily News 2010-10-30T06:59:30Z)

Registrations Open for Gradu8 - the UK's Leading Online Graduate Recruitment Fair

LONDON , Oct. 29 -- Graduate job seekers are being encouraged to register for the Gradu8 Fair, the UK's leading graduate recruitment event, which takes place between 8th - 12th November 2010 . Unlike other graduate jobs fairs, this recruitment event is ... (Source: Earthtimes 2010-10-29T18:49:21Z)

MGM bankruptcy, Spyglass deal wins OK

LOS ANGELES (Reuters) - Metro-Goldwyn-Mayer creditors voted in favor of a bankruptcy plan that puts founders of Spyglass Entertainment at its helm, dealing a blow to Lions Gate Entertainment's merger proposal, a source familiar with the situation said. The ... (Source: Reuters 2010-10-30T03:10:26Z)

Apple Logic Board Repair Services by Creative IT London

Creative IT Apple Mac repair store in Regent Street, London offers exceptional and cost effective Apple logic board repair services for Apple Macintosh desktop and laptop models. Our experienced Mac technicians can perform component level motherboard ... (Source: PR Inside 2010-10-30T06:30:52Z)

UPDATE 3-Piraeus Bank announces 1.05 bln euro capital boost

ATHENS, Oct 29 (Reuters) - Piraeus Bank ( BOPr.AT ), Greece's fourth-largest lender, announced a 1.05 billion euros ($1.5 billion) cash call to better deal with stricter capital adequacy conditions and the recession. Hurt like other Greek banks by the ... (Source: Reuters 2010-10-29T12:37:08Z)

GM scales back debt, pension obligations by $11 billion before its IPO

General Motors Co. has moved to strengthen its finances ahead of an initial public stock sale, announcing plans Thursday to cut debt and pension obligations by $11 billion. The automaker, whose IPO is expected next month, will lighten its debt load by ... (Source: Kansas City Star 2010-10-29T04:16:03Z)

Cinquanta defends deal with Korean Air

ROME -- The head of the International Skating Union is defending a sponsorship deal with Korean Air that has led to an inquiry by the IOC ethics commission. The International Olympic Committee is examining whether the deal breaches conflict of interest ... (Source: Forbes 2010-10-29T18:27:53Z)

Update: Large crowd greets Obama in Charlottesville

CHARLOTTESVILLE — President Barack Obama urged thousands of people huddled in the cold tonight to send Rep. Tom Perriello, D-5th, back to Washington, calling it a "test case" to re-elect a candidate with integrity. "The reason I am here is because in thi ... (Source: Richmond Times-Dispatch 2010-10-30T02:34:39Z)

NAB focusing on UK organic growth, open to deals

LONDON, Oct 27 (Reuters) - The head of the British operations of National Australia Bank (NAB) ( NAB.AX ) said on Wednesday the lender's priority in the UK remained organic growth, although the company was still open to possible acquisition opportunities ... (Source: Reuters UK 2010-10-27T07:10:13Z)

Allen Iverson signs a two-year deal with Turkish club

Allen Iverson is taking his talents abroad. While stars like LeBron James and Chris Bosh headed for South Beach and Amare Stoudemire decided to star on Broadway, Iverson, a pint-sized former MVP and scoring champion, couldn't find a suitable home in the ... (Source: Kansas City Star 2010-10-30T03:39:04Z)

Iverson agrees deal with Turkey's Besiktas

Allen Iverson has agreed in principle to a $4 million, two-year contract with the Turkish professional basketball team Besiktas. Iverson is expected to officially sign with the club this weekend and will begin his overseas career the week of Nov. 8. His ... (Source: USA Today 2010-10-29T07:00:41Z)

Joe Girardi finalizes Yankees deal

NEW YORK -- Joe Girardi has completed a new three-year contract with the New York Yankees less than a week after the team was thoroughly outplayed by the Texas Rangers in the American league Championships Series. The Yankees made the announcement Friday, a ... (Source: ESPN.com 2010-10-29T19:46:37Z)

Adesso signs deal with Novartis

Rolling Meadows-based Adesso Solutions, a provider of integrated technology solutions for the consumer goods industry, today announced that a new multiyear contract has been signed with global pharmaceutical leader, Novartis AG. The agreement extends an ... (Source: Arlington Heights Daily Herald 2010-10-29T17:59:15Z)

AP Source: MGM Creditors OK Spyglass Deal

A person familiar with the matter says creditors of struggling Hollywood studio Metro-Goldwyn-Mayer have voted to approve a merger with Spyglass Entertainment with the backing of billionaire investor Carl Icahn. The person was not authorized to speak ... (Source: ABC News 2010-10-30T06:02:14Z)

ISU president Ottavio Cinquanta says 'nothing wrong' with Korean Air deal despite Olympic bid

ROME — The head of the International Skating Union is defending a sponsorship deal with Korean Air that has led to an inquiry by the IOC ethics commission. The International Olympic Committee is examining whether the deal breaches conflict of interest ... (Source: Washington Examiner 2010-10-29T18:27:53Z)

Verizon Wireless, FCC strike deal on 'mystery charges'

The Federal Communications Commission says that Verizon Wireless has agreed to change some of its business practices and shell out at least $77.8 million to resolve the government's investigation into three years of unjustified charges to some 15 million ... (Source: USA Today 2010-10-29T00:41:18Z)

GM moves to shore up finances ahead of IPO

DETROIT — General Motors Co. moved to strengthen its finances ahead of an initial public stock sale, announcing plans Thursday to cut debt and pension obligations by $11 billion. The moves, including a big payment to U.S. taxpayers, are aimed at making ... (Source: Daily Oklahoman 2010-10-29T04:59:00Z)

Adesso Solutions™ Signs Multi-Year SaaS Contract with Global Pharmaceutical Leader

Adesso Solutions, the leader in integrated technology solutions for the Consumer Goods industry, today announced that a new multi-year contract has been signed with global pharmaceutical leader, Novartis AG. The agreement extends an existing relationship ... (Source: PR Inside 2010-10-29T15:14:36Z)

Turkish side Besiktas sign former NBA MVP Allen Iverson

NEW YORK (Reuters) - Eleven-times NBA All-Star guard Allen Iverson signed a two-year contract with Turkish club Besiktas on Friday. Iverson played 25 games with the Philadelphia 76ers last season averaging 13.9 points but was unable to secure an offer from ... (Source: Reuters 2010-10-30T07:06:40Z)

UPDATE 1-MGM bankruptcy, Spyglass deal wins OK

LOS ANGELES, Oct 29 (Reuters) - Metro-Goldwyn-Mayer creditors voted in favor of a bankruptcy plan that puts founders of Spyglass Entertainment at its helm, dealing a blow to Lions Gate Entertainment's ( LGF.N ) merger proposal, a source familiar with the ... (Source: Reuters 2010-10-30T01:15:54Z)

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