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 5, 2010, 10:42 am

MIDEAST STOCKS-Egypt, Orascom up on deal; most markets down

DUBAI/CAIRO Oct 5 (Reuters) - Egypt's Orascom Telecom ( ORTE.CA ) (OT) defied a regional market decline on Tuesday, soaring 5 percent after its executive chairman agreed to merge most of his telecom assets with Russia's Vimpelcom ( VIP.N ). Orascom surged ... (Source: Reuters UK 2010-10-05T15:50:14Z)

Credit card rules targeted in Justice Department suit

WASHINGTON -- The Department of Justice sued the three largest U.S. credit card companies Monday for what it called anticompetitive practices and reached a proposed settlement with two of them, MasterCard and Visa. "We want to put more money in consumers ... (Source: Detroit Free Press 2010-10-05T09:23:41Z)

Red toxic sludge spill sparks Hungary emergency

Hungary declared a state of emergency in three western counties on Tuesday, the day after a torrent of toxic red sludge from an alumina factory tore through local villages, killing three people and injuring 100 more. The red mud, waste generated during ... (Source: msnbc.com 2010-10-05T16:54:39Z)

No laps for warm laptops; skin damage is possible

In this undated photo provided by the journal Pediatrics, a 12 year-old boy is pictured with evidence of "toasted skin syndrome" on his left leg caused by exsposure to high temperatures while spending a great deal of time playing video games with a laptop ... (Source: Southeast Missourian 2010-10-05T05:05:59Z)

Nathan Deal's Financial Woes Give Democrats A Shot In Georgia

ATLANTA — In a Republican-leaning state in what's shaping up as a Republican year, Nathan Deal was seen as a pretty sure bet to become Georgia's next governor. That was before revelations that the former nine-term congressman is so deeply in debt that he ... (Source: Huffingtonpost.com 2010-09-21T22:40:32Z)

Sara Lee Shares Up, Apollo Made Approach

It was unclear if anything will come of that approach. A deal would likely to have been struck in conjunction with investor C. Dean Metropoulos, a Connecticut entrepreneur known for reinvigorating food brands, who is an operating partner of Apollo, the ... (Source: FLEXNEWS 2010-10-05T07:07:40Z)

Mexico's Televisa Shares Sharply Higher On Univision Deal

MEXICO CITY (Dow Jones)--Shares of Mexican media conglomerate Grupo Televisa (TV, TLEVISA.MX) opened sharply higher Tuesday after the company unveiled plans to take a stake in U.S. Spanish-language broadcaster Univision Communications Inc. (UVN), while ... (Source: Wall Street Journal 2010-10-05T14:02:51Z)

UPDATE 1-Univision deal subject to debt restructure

MEXICO CITY Oct 5 (Reuters) - Mexico's Televisa ( TV.N ) ( TLVACPO.MX ) said on Tuesday that its investment in top Spanish-language U.S. broadcaster Univision is subject to the U.S. partner restructuring at least $3.25 billion in debt. "The condition that ... (Source: Reuters 2010-10-05T15:35:55Z)

Attempted Times Square bomber gets life sentence

New York — A Pakistani immigrant who tried to set off a car bomb in Times Square was sentenced Tuesday to life in prison by a judge who said she hopes he spends some of his time behind bars thinking "carefully about whether the Quran wants you to kill ... (Source: Detroit News 2010-10-05T16:11:42Z)

Sara Lee shares up, Apollo made approach -- source

NEW YORK, Oct 4 (Reuters) - Private equity firm Apollo Global Management approached food company Sara Lee Corp about six weeks with regards to a deal, a source familiar with the matter said on Monday. It was unclear if anything will come of that approach ... (Source: The Guardian 2010-10-04T22:39:26Z)

Hungary declares state of emergency to deal with sludge flood

DEVECSER, Hungary - Hungary declared a state of emergency in three counties Tuesday after a flood of toxic red sludge from an alumina plant engulfed several towns and burned people through their clothes. One official called it "an ecological disaster" that ... (Source: St. John's Telegram 2010-10-05T17:23:17Z)

Hopefuls toss barbs at Georgia governor debate

ATLANTA --- Georgia's candidates for governor battled hard Sunday in a student-sponsored debate that touched on education, jobs and transportation. In their first televised debate, Republican Nathan Deal, Democrat Roy Barnes and Libertarian John Monds ... (Source: Augusta Chronicle 2010-10-05T06:31:53Z)

Atlanta service key to Southwest-AirTran deal

Southwest Airlines' desire to expand service into Atlanta was a primary driver of the discount air carrier's deal to purchase AirTran Airways . "The big gaping hole in our route system is in Atlanta," said Gary Kelly, chairman, president and CEO of ... (Source: Phoenix Business Journal 2010-09-27T18:44:21Z)

Southwest-AirTran merger means less price competition

Southwest Airlines plans to buy rival AirTran for $1.42 billion, it said yesterday, combining two of the nation's biggest discount carriers in a move that could eventually mean higher ticket prices for some Boston travelers. The proposed acquisition ... (Source: Boston Globe 2010-09-28T04:31:20Z)

Analysis: Ga. Democrats a tough sell

That must be going through the minds of Democrats across the state and even in the war rooms of the Democratic Governors Association which reportedly pumped $1 million into ads on his behalf. And the Barnes ads have been vicious, attacking Deal for lax ... (Source: Augusta Chronicle 2010-10-04T09:53:30Z)

Union: Hawker, governor meet today

Hawker Beechcraft and Machinists union officials will meet with Gov. Mark Parkinson in Topeka today in response to Louisiana's offer to move the entire company to Baton Rouge, union officials said. Sources have said that Louisiana has raised its offer from ... (Source: Wichita Eagle 2010-10-05T05:05:59Z)

Univision deal subject to debt restructure-Televisa

MEXICO CITY Oct 5 (Reuters) - Mexico's leading broadcaster Televisa ( TV.N ) said on Tuesday that its investment in Univision is subject to its U.S. partner restructuring at least $3.25 billion in debt. "The condition that we established is that (Univision ... (Source: Reuters 2010-10-05T14:10:01Z)

Laptops Cause Toasted Skin Syndrome

In this undated photo provided by the journal Pediatrics, a 12 year-old boy is pictured with evidence of "toasted skin syndrome" on his left leg caused by exsposure to high temperatures while spending a great deal of time playing video games with a laptop ... (Source: Product Design & Development 2010-10-04T22:25:07Z)

Southwest CEO insists AirTran merger won't end low-fare reputation

If you want to see Gary Kelly get riled up, suggest to him that airfares will go up when Southwest Airlines closes its deal to acquire low-fare competitor AirTran Airways. Some industry observers are saying it. Some news media are saying it. Kelly ... (Source: Dallas Morning News 2010-10-03T05:01:12Z)

Hawker Beechcraft CEO talks about today's meeting with the governor

WICHITA — Hawker Beechcraft CEO Bill Boisture said he initiated today's meeting with Gov. Mark Parkinson and the Machinists union last week. "We had a constructive and positive exchange in my mind and he (Parkinson) asked that we include the union in ... (Source: Wichita Eagle 2010-10-05T17:16:08Z)

Visa, MasterCard changes will benefit merchants — and maybe consumers

Consumers may be in for a major break on credit card purchases under an new agreement reached Monday between the U.S. Department of Justice and the nation's two biggest card companies. At issue are the merchant fees that businesses pay credit card ... (Source: Los Angeles Times 2010-10-05T08:47:53Z)

Times Square Bomber Sentenced to Life in Prison

NEW YORK – DEVELOPING: The Pakistani immigrant who tried to set off a car bomb in Times Square was sentenced Tuesday to life in prison, a mandatory penalty that left him defiant as ever and the judge who sentenced him determined to send a message to ... (Source: FOX News 2010-10-05T17:08:58Z)

Lap Toasted Skin

In this undated photo provided by the journal Pediatrics, a 12 year-old boy is pictured using a laptop on balanced on his bare legs. According to recent medical reports, exposing skin to the high temperatures created by laptops can lead to "toasted skin ... (Source: Times-Herald 2010-10-05T01:02:36Z)

Sara Lee was approached before spurning offer that goosed Monday's stock price: sources

(Reuters) — Private equity firm Apollo Global Management approached food company Sara Lee Corp. about six weeks with regards to a deal, a source familiar with the matter said on Monday. It was unclear if anything will come of that approach. A deal would ... (Source: Crain's Chicago Business 2010-10-05T04:58:50Z)

Unrepentant Would-Be Times Square Bomber Sentenced To Life In Prison

The Pakistani immigrant who tried to set off a car bomb in Times Square is headed to prison for life. Faisal Shahzad told a judge in New York he felt no remorse about his May bombing attempt and that a defeat of the United States is imminent. U.S. District ... (Source: KBTX.com 2010-10-05T17:16:08Z)

Hungary declares emergency over sludge flood

DEVECSER, Hungary — Hungary declared a state of emergency in three counties Tuesday after a flood of toxic red sludge from an alumina plant engulfed several towns and burned people through their clothes. One official called it "an ecological disaster ... (Source: Arkansas Online 2010-10-05T16:26:01Z)

VimpelCom Signs $6.5 Billion Deal With Egypt's Sawiris

MOSCOW (Dow Jones)--Russian mobile operator VimpelCom Ltd. (VIP) agreed to combine with the highly indebted telecom assets of Egyptian billionaire Naguib Sawiris in a $6.5 billion stock-and-cash deal, transforming two regional emerging-markets companies ... (Source: Wall Street Journal 2010-10-05T03:47:15Z)

Egypt telecom mogul says Algeria woes won't undercut merger with Russia's VimpelCom

CAIRO — Egyptian telecom mogul Naguib Sawiris says there is a 90 percent chance that the merger of his investment company and Russia's VimpelCom Ltd. will be finalized. Sawiris also told reporters Tuesday, a day after the $6.6 billion deal between ... (Source: Washington Examiner 2010-10-05T15:57:23Z)

U.S. sues American Express, reaches proposed deal with Visa, Mastercard

WASHINGTON -- The Justice Department on Monday sued the three largest U.S. credit card companies for anticompetitive practices and reached a proposed settlement with two of them, MasterCard and Visa. "We want to put more money in consumers' pockets, and by ... (Source: San Jose Mercury News 2010-10-04T18:43:13Z)

Aircraft deal on approach?

Louisiana has made an offer to lure Hawker Beechcraft's headquarters and other operations to Baton Rouge from Kansas, machinists union officials told The Wichita Eagle on Saturday. Hawker Beechcraft employs 7,000 people, including 6,000 in Wichita ... (Source: Baton Rouge Advocate 2010-10-04T01:32:25Z)

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