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, 4:41 am

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)

Verizon Wireless settles with FCC over false data charges

The Federal Communications Commission reached a record $25 million settlement on Thursday with Verizon Wireless over false data charges, in a move meant to show that the agency is stepping up scrutiny of consumer billing practices. The settlement brings ... (Source: Washington Post 2010-10-29T03:47:25Z)

DISH Network and Fox strike deal

(CNN) -- DISH Network and Fox have struck a distribution deal, ending a month-long standoff that blacked out channels for millions of satellite television customers. The new agreement -- announced by the companies Friday -- will restore access to FX ... (Source: CNN 2010-10-30T07:42:27Z)

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)

Analyst: Syniverse deal creates value

The Carlyle Group 's $2.6 billion proposal to take Syniverse Holdings Inc. private creates shareholder value, said Ric Prentiss , an analyst with Raymond James & Associates Inc. In an inter-day report, Prentiss said Carlyle's $31 a share in cash offer ... (Source: Birmingham Business Journal 2010-10-28T20:09:17Z)

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)

Carlyle Group Buys Syniverse for $2.6 Billion, Second Telecom Deal in Days

Private equity giant Carlyle Group acquired mobile service provider Syniverse Technologies ( SVR ) in a $2.6 billion deal late Thursday, its second telecommunications buyout this week. Carlyle acquired communications infrastructure firm CommScope ( CTV ... (Source: Daily Finance 2010-10-29T17:30:37Z)

8:16 a.m.: Jury chosen for Tom DeLay's money laundering trial

AUSTIN, Texas (AP) - A jury was chosen Tuesday in the trial of former U.S. House Majority Leader Tom DeLay, a once powerful but polarizing politician accused of illegally financing Texas GOP legislative races in 2002. The panel of six men and six women ... (Source: Herald-Star 2010-10-28T03:41:26Z)

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)

Jury selected in ex-US House Majority Leader Tom DeLay's corruption trial in Texas

AUSTIN, Texas (AP) — A jury has been chosen in Texas for the trial of former U.S. House Majority Leader Tom DeLay, who accused of illegally financing Texas GOP legislative races in 2002. After more than eight hours of jury selection in Austin, a panel of ... (Source: Fox 13 Now - Salt Lake City 2010-10-27T00:29:21Z)

UPDATE 2-Carlyle to buy Syniverse for $2.6 billion

NEW YORK, Oct 28 (Reuters) - Carlyle Group [CYL.UL] will buy telecommunications services company Syniverse Technologies Inc ( SVR.N ) for $2.6 billion, the parties said on Thursday, the latest in a string of multibillion-dollar deals by the U.S. buyout ... (Source: Reuters 2010-10-28T15:22:57Z)

Fox, Dish in deal

NEW YORK — News Corp. and Dish Network Corp. resolved a fee dispute over Fox channels that threatened to black out World Series games and shows such as "Glee'' for more than 3 million Dish customers. The two companies said in a statement that they ... (Source: Boston Globe 2010-10-30T04:50:39Z)

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)

Stryker to buy Boston Scientific unit

Stryker Corp. said Thursday it will pay up to $1.5 billion to buy the neurovascular division of fellow medical device maker Boston Scientific. Stryker plans to pay $1.4 billion at the deal's closing and then up to $100 million in milestone payments. The ... (Source: Pioneer Press 2010-10-29T02:50:09Z)

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)

Spurned by NBA, former MVP Allen Iverson signs 2-year contract with Turkish team Besiktas

NEW YORK - LeBron James and Chris Bosh headed for South Beach, while Amare Stoudemire decided to star on Broadway. Allen Iverson? He's headed for Turkey. "My whole thing was being wanted, being accepted by a ballclub. That was the most important thing ... (Source: Minneapolis Star Tribune 2010-10-30T08:11:05Z)

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)

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)

Sanofi Stands by Its $18.5 Billion Offer for Genzyme

French drug giant Sanofi-Aventis SA reported a 13% rise in third-quarter net profit, and said it doesn't currently plan to raise its $18.5 billion bid for U.S. biotech company Genzyme Corp. "The bottom line is we didn't hear anything of substance that ... (Source: Wall Street Journal 2010-10-29T18:49:21Z)

Dish Signs Deal with Fox: Customers Will Keep Getting World Series

Dish Network ( DISH ) customers will continue to be able to watch baseball's World Series on their TV sets after the satellite TV company reached a long-term deal with News Corp.'s ( NWS ) Fox on Friday. So far, Cablevision ( CVC ) subscribers are still ... (Source: Daily Finance 2010-10-30T07:20:59Z)

Boston Scientific to sell unit to Stryker

In what it says is an effort to "refocus'' its portfolio of products, medical device maker Boston Scientific Corp. in Natick is selling off a California division for $1.5 billion. Boston Scientific is best known for its stents, mesh tubes that are ... (Source: Boston Globe 2010-10-29T04:01:44Z)

Gingrich touts Deal candidacy at Republican rally

Former U.S. House Speaker Newt Gingrich, R-Ga., on Thursday brought his American Solutions group to Duluth to endorse Georgia's Republican slate of statewide candidates. Gingrich has been touring the country in support of GOP candidates in advance of the ... (Source: Atlanta Journal Constitution (blog) 2010-10-28T22:18:08Z)

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)

Sanofi-Aventis: Not a cent more

T he ball is still in Sanofi-Aventis' court to make a new bid offer to buy Cambridge-based Genzyme Corp., analysts said yesterday. The French drug giant's CEO indicated yesterday that he saw no reason why his company should increase its original $69 ... (Source: Boston Herald 2010-10-29T13:34:24Z)

Gingrich coming to Georgia to stump for Nathan Deal

Former House Speaker Newt Gingrich is set to stump for Republican gubernatorial nominee Nathan Deal at a rally today in Gwinnett County. The event at the Gwinnett Center will be the final stop in Deal's bus tour around the state. It's being sponsored by ... (Source: Atlanta Journal Constitution 2010-10-28T14:18:32Z)

Jury chosen for Tom DeLay's money laundering trial

Associated Press= AUSTIN, Texas (AP) — A jury was chosen Tuesday in the trial of former U.S. House Majority Leader Tom DeLay, a once powerful but polarizing politician accused of illegally financing Texas GOP legislative races in 2002. The panel of six ... (Source: The Guardian 2010-10-27T02:31:03Z)

Boston Scientific sells unit for $1.5B

Stryker Corp., a maker of artificial knees and hips, agreed to buy a Boston Scientific Corp. unit that makes devices to treat strokes for $1.5 billion to move into faster-growing markets. The all-cash deal includes a $100 million payment to Boston ... (Source: Worcester Telegram & Gazette 2010-10-29T08:55:13Z)

Girardi, Yankees finalize 3-year 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 ... (Source: Sporting News 2010-10-30T01:37:23Z)

Sanofi refuses to raise $18.5b offer for Genzyme

The top executive of French drugmaker Sanofi Aventis SA , refusing to budge from his $18.5 billion bid for Genzyme Corp ., this morning unleashed a withering critique of the Cambridge biotechnology company's contention that it is worth about $89 a share ... (Source: Boston Globe 2010-10-29T03:18:47Z)

Republicans Try To Get Out Vote

MARIETTA, Ga. -- Republican candidates worked the crowd at a Republican family picnic in Marietta ON Sunday. About 40 people attended the event. U.S. Sen. Johnny Isakson was there, along with Nathan Deal, who is running for Governor. The event was part of ... (Source: WGCL 2010-10-24T20:14:02Z)

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