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, 3:39 am

Scholastic Corporation Announces Preliminary Results of Modified Dutch Auction Tender Offer

NEW YORK, Oct. 29 /PRNewswire-FirstCall/ -- Scholastic Corporation (Nasdaq: SCHL), the global children's publishing, education and media company, announced today the preliminary results of its "modified Dutch auction" tender offer, which expired at 5:00 p ... (Source: Forbes 2010-10-29T12:51:27Z)

Wal-Mart May Pare Offer for Massmart

Wal-Mart , the world's biggest retailer, may scale back its $4 billion bid for Massmart by nearly half, the target company said Thursday — a move that could keep the South African firm listed in Johannesburg, Reuters reports. Wal-Mart is now ... (Source: New York Times Blogs 2010-10-28T11:12:25Z)

KKR Returns to Australia Market With Perpetual Offer

(Updates with KKR spokesman's comment in 16th paragraph.) Oct. 18 (Bloomberg) -- Kohlberg Kravis Roberts & Co. offered to buy Australian asset manager Perpetual Ltd. for as much as A$1.75 billion ($1.73 billion) to tap expanding wealth in the world's ... (Source: BusinessWeek 2010-10-18T05:54:59Z)

NC GOP chairman apologizes for ad

RESEARCH TRIANGLE PARK -- The head of North Carolina's Republican Party says he's sorry for any pain he caused a state House leader for a mailer distributed in his district. Tom Fetzer says he didn't realize the Democrat's daughter had been killed. Fetzer ... (Source: KABC 2010-10-22T16:13:01Z)

AIA expands Hong Kong IPO to $20.5 billion

HONG KONG -- The Hong Kong listing of AIG 's Asian unit, which aims to raise funds for repaying U.S. federal bailout loans, has been expanded to $20.5 billion. AIA Group Ltd. said in a statement late Friday it increased the number of shares offered from 7 ... (Source: Forbes 2010-10-30T07:28:08Z)

Barrett, Walker spar over jobs in final debate in Madison

MADISON -- Republican Scott Walker said in Friday's governor's race debate that voters were "sick and tired" of attacks being made against him in the campaign, while his Democratic opponent, Tom Barrett, said Walker wasn't being honest about his plans for ... (Source: Wausau Daily Herald 2010-10-30T09:22:40Z)

PSN Maintenance Today

The PlayStation Network will be down for maintenance today for several hours. The process is expected to start at just after 4.00pm BST and finish at 12.30am BST.  During this time, users won't be able to access the PlayStation Store, PlayStation Home ... (Source: TheSixthAxis 2010-10-28T17:53:17Z)

PlayStation Rewards program to offer free PSN bonuses for 'highly engaged' fans

Sony is preparing to launch a new incentives program called PlayStation Rewards. A closed beta for the offer is currently invite-only -- for "highly engaged" PlayStation owners -- but the full service will open up to include everyone next year. The program ... (Source: Joystiq 2010-10-27T15:02:40Z)

Notice of Extraordinary General Meeting of Shareholders

Dutch biopharmaceutical company Crucell N.V. (NYSE Euronext, NASDAQ: CRXL) (SWISS: CRX) today announced the convening of an Extraordinary General Meeting of Shareholders of Crucell N.V. (EGM). The EGM will be held on Friday 10 December 2010 at 2.00 PM CET ... (Source: msnbc.com 2010-10-29T05:49:06Z)

Iran set to restart talks after Nov. 10

Iran's Supreme National Security Council said in a letter to the EU's foreign policy chief that Iran is ready to hold talks "in a place and on a date convenient to both sides," the official news agency reported. Since the break-off in talks, the ... (Source: Today's Zaman 2010-10-29T22:52:44Z)

N.C. GOP leader: Touchscreen voting machines have flaw that aids Dems

RALEIGH -- The chairman of the N.C. Republican Party alleged Thursday that a programming flaw with touchscreen voting machines used for early voting in 36 counties is causing votes intended for GOP candidates to be counted for Democrats. Tom Fetzer, the ... (Source: Raleigh News & Observer 2010-10-28T19:40:39Z)

Crucell N.V. : Johnson & Johnson and Crucell Provide Progress Update on Preparations for ...

New Brunswick, N.J., and Leiden, the Netherlands, 29 October 2010 - Pursuant to the provisions of Section 7 paragraph 1(a) of the Dutch Decree on Public Takeover Bids (Besluit Openbare Biedingen Wft) requiring a public announcement within four weeks ... (Source: Finanz Nachrichten 2010-10-29T19:32:18Z)

Origin Energy Expects Queensland LNG Approval 'Very Shortly'

Origin Energy Ltd. expects to win Queensland state environmental approval for its A$35 billion Australia-Pacific LNG project with ConocoPhillips "very shortly," Managing Director Grant King said. Approval from the federal government in Canberra for the ... (Source: Bloomberg 2010-10-29T02:28:40Z)

Iran to discuss nuclear program with 6 nations

Iran offered on Friday to negotiate with six world powers about its disputed nuclear program in a new bid to end growing concern that it could be used to produce weapons. The move, following a 16-month hiatus, was anticipated in the wake of an invitation ... (Source: San Francisco Gate 2010-10-30T09:58:27Z)

NAACP Wants Apology From GOP For Campaign Mailer

The North Carolina NAACP President wants Republican Chair Tom Fetzer to renounce a campaign mailer that it calls racist and factually wrong. "We demand a public apology through the NC General Assembly, to the advocates who fought for the racial justice act ... (Source: MyNC.com 2010-10-23T01:09:53Z)

Wal-Mart may opt to make partial bid for Massmart

NEW YORK (MarketWatch) -- Wal-Mart Stores Inc., which has made a non-binding offer for South African retailer Massmart Holdings for 148 rand (or about $21.24) a share, may decide to acquire a partial stake instead, Massmart said Thursday. After consulting ... (Source: Marketwatch 2010-10-29T13:48:43Z)

C&F Financial Corporation Announces Third Quarter Earnings

WEST POINT, Va., Oct. 29 /PRNewswire-FirstCall/ -- C&F Financial Corporation (Nasdaq: CFFI), the one-bank holding company for C&F Bank , today reported net income of $2.59 million for the third quarter of 2010, compared with $1.66 million for the third ... (Source: Forbes 2010-10-29T17:59:15Z)

AIG Raises $17.8 Billion in AIA Hong Kong Initial Public Offer

Oct. 22 (Bloomberg) -- American International Group Inc. raised about HK$138.3 billion ($17.8 billion) selling shares in its main Asian unit, AIA Group Ltd., according to a statement, making it the largest initial public offering in Hong Kong. AIG sold 7 ... (Source: BusinessWeek 2010-10-22T03:41:24Z)

Wal-Mart Mulls Maintaining Massmart's Listing

JOHANNESBURG -(Dow Jones)- Retail giant Wal-Mart Stores Inc. ( WMT ) may scale back its planned takeover of Massmart Holdings Ltd. (MSM.JO) and is now considering making an offer for control of the African company in order to maintain its Johannesburg ... (Source: NASDAQ 2010-10-28T09:17:53Z)

Correction: House television ad story

BISMARCK, N.D. (AP) - In a story Oct. 28 about a new TV ad in the North Dakota U.S. House race, The Associated Press reported erroneously that the ad criticizes U.S. Rep. Earl Pomeroy for saying the state's economy is "reeling." The ad itself says the ... (Source: Charleston Gazette 2010-10-29T21:41:09Z)

POLITICAL NOTEBOOK: Two polls offer different results in North Dakota's U.S. House race

Also, Bismarck, West Fargo mayors endorse Berg; Ventura endorses Horner; Mock tops Jaeger in money race; Cash keeps flowing into N.D. House race. In the wake of a public poll that showed Republican challenger Rick Berg with a 10-point lead over Democratic ... (Source: Grand Forks Herald 2010-10-23T02:00:00Z)

Johnson & Johnson and Crucell Provide Progress Update on Preparations for Public Offer

New Brunswick, N.J., and Leiden, the Netherlands, 29 October 2010 - Pursuant to the provisions of Section 7 paragraph 1(a) of the Dutch Decree on Public Takeover Bids (Besluit Openbare Biedingen Wft) requiring a public announcement within four weeks ... (Source: Market Wire 2010-10-29T19:39:28Z)

Iran accepts offer to reopen nuclear talks

VIENNA — Iran offered yesterday to negotiate with six world powers about its disputed nuclear program, in a new bid to end growing concern that it could be used to produce weapons. The move, following a hiatus of more than a year, was anticipated after ... (Source: Boston Globe 2010-10-30T09:01:11Z)

PS3 PlayStation Network To Go Down For Scheduled Maintenance Tomorrow

Sony sent this message out about PSN being down tomorrow: PlayStation Network will undergo maintenance tomorrow, October 28. Maintenance is expected to start at just after 7:00 am Pacific and will last for several hours, until approximately 3:30 pm Pacific ... (Source: Inside Pulse 2010-10-28T18:36:14Z)

AIG unit expands Hong Kong IPO to $20.5 billion

The Hong Kong listing of AIG's Asian unit, which aims to raise funds for repaying U.S. federal bailout loans, has been expanded to $20.5 billion. AIA Group Ltd. said in a statement late Friday it increased the number of shares offered from 7.03 billion to ... (Source: AP - msnbc.com 2010-10-30T07:28:08Z)

Wisconsin governor candidates Scott Walker, Tom Barrett spar over jobs at last debate before ...

MADISON — Republican Scott Walker said voters were "sick and tired" of attacks being made against him in the campaign, while Democrat Tom Barrett said Walker wasn't being honest about his plans for cutting taxes. ♦ Special section: Election 2010 and ... (Source: Post-Crescent 2010-10-30T09:15:30Z)

UPDATE 1-Australia's Origin sees 2011 underlying profit up 15%

SYDNEY, Oct 29 (Reuters) - Australia's Origin Energy ( ORG.AX ) reaffirmed earnings guidance on Friday and said it remained confident about securing approvals for the first phase of its $34 billion gas export project by the end of the year. Origin also ... (Source: Reuters India 2010-10-29T01:17:05Z)

Education Management Corporation Announces November and December Investor Presentation ...

PITTSBURGH, Oct. 29 /PRNewswire-FirstCall/ -- Education Management Corporation (Nasdaq: EDMC), a leading provider of post-secondary education, announced today that it will webcast presentations by Todd S. Nelson, Chief Executive Officer, and Edward H. West ... (Source: Newsblaze.com 2010-10-29T17:16:18Z)

POLITICAL NOTEBOOK: More than 66,000 North Dakotans have voted

More than 66,000 North Dakotans had already voted in the November election by Friday morning, Secretary of State Al Jaeger said. More than 66,000 North Dakotans had already voted in the November election by Friday morning, Secretary of State Al Jaeger said ... (Source: Grand Forks Herald 2010-10-30T00:54:26Z)

Wis. governor hopefuls face off in final debate

Democrat Tom Barrett and Republican Scott Walker are sparring over their plans for turning around Wisconsin's economy in their final debate before Tuesday's election. The candidates touted their job-creation plans during the debate that was broadcast ... (Source: San Francisco Gate 2010-10-30T01:15:54Z)

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