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, 11:41 pm

Schlumberger, Eurasia Drilling swap Russian assets

MOSCOW (Reuters) - Eurasia Drilling Co( EDCLq.L ), Russia's top oil and gas driller, and global giant Schlumberger Ltd( SLB.N ) have agreed to swap assets and form a strategic alliance in Russia, the world's leading energy producer. Their deal follows ... (Source: Reuters India 2010-10-05T17:51:55Z)

UPDATE 2-Schlumberger, Eurasia Drilling swap Russian assets

MOSCOW, Oct 5 (Reuters) - Eurasia Drilling Co ( EDCLq.L ), Russia's top oil and gas driller, and global giant Schlumberger Ltd ( SLB.N ) have agreed to swap assets and form a strategic alliance in Russia, the world's leading energy producer. Their deal ... (Source: Reuters UK 2010-10-05T17:51:55Z)

Thousands of Romanian teachers protest wage cuts

BUCHAREST, Romania - About 5,000 Romanian teachers and education employees protested Tuesday in the capital over austerity measures implemented by the government to trim the budget deficit amid a deep recession. They demanded decent salaries, more ... (Source: AZCentral.com 2010-10-05T17:44:46Z)

Sawiris confident about Weather-VimpelCom merger

CAIRO (AP) -- 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: Yahoo Finance 2010-10-05T14:17:10Z)

Twitter COO is New CEO at Tweet Central - Dick Costolo Takes Helm

There has been a Twitter Coo, and it means a new CEO is heading the brief message company. Co-founder, Evan Williams, stepped down on Monday after serving as CEO for 2 years. His replacement is Dick Costolo. Williams is the second Twitter co-founder to ser ... (Source: Gather.com 2010-10-05T19:39:18Z)

American Express Accused Of Antitrust Violations

The Justice Department is suing American Express claiming the rules AmEx imposes on retailers are anti-competitive. Visa and MasterCard decided to settle the charges. American Express said it had no intention of settling because it doesn't have the ability ... (Source: NPR News 2010-10-05T19:46:27Z)

Mariners shut down Felix Hernandez

SEATTLE - Felix Hernandez is done pitching for the season. Mariners general manager Jack Zduriencik says Hernandez will not start on Sunday in the finale against Oakland. "It's tough, because you know how competitive he is," Zduriencik said. "He wants to ... (Source: Tampa Bay Online 2010-10-02T03:57:58Z)

Gymboree Hires Goldman Sachs As It Explores Sale : Reports

(RTTNews) - According to media reports Tuesday, San Francisco-based children's clothing retailer Gymboree Corp. (GYMB: News ) has hired investment banking and securities firm Goldman Sachs Group, Inc. (GS) to begin a formal auction of the company, which is ... (Source: RTT News 2010-10-05T14:24:20Z)

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)

Mariners shut down King Felix for final weekend

SEATTLE -- Felix Hernandez is done pitching for the season. Seattle Mariners general manager Jack Zduriencik says Hernandez will not start on Sunday in the regular-season finale against Oakland. Zduriencik met with Hernandez on Thursday to inform him of ... (Source: CBS Sports 2010-10-01T00:17:14Z)

Egypt exchange halts trading in Orascom Telecom on reports about possible deal with VimpelCom

CAIRO (AP) — Trading in mobile phone service provider Orascom Telecom's shares was halted on the Egyptian stock exchange Monday as the bourse sought clarification about reports of a possible deal with Russia's VimpelCom Ltd. Media reports indicated that ... (Source: Los Angeles Times 2010-10-04T13:56:53Z)

Twitter's Dick Costolo Replaces Evan Williams as CEO

Twitter CEO Evan Williams is stepping down from the top job at the microblogging service and will direct product strategy. Current Chief Operating Officer Dick Costolo (pictured) will assume William's CEO duties. Williams made the announcement Monday in a ... (Source: Daily Finance 2010-10-04T20:09:07Z)

S&P places Univision ratings on CreditWatch positive after $1.2B Grupo Televisa investment

NEW YORK — Standard & Poor's Ratings Services on Monday placed its ratings for Univision Communications Inc. on CreditWatch with positive implications, citing a $1.2 billion deal that gives Mexican media giant Grupo Televisa SAB a minority stake in the ... (Source: Washington Examiner 2010-10-05T23:57:00Z)

Shift at the Top of Twitter as a Founder Steps Aside

Evan Williams, the co-founder and chief executive of Twitter, is stepping down to lead product strategy at the company, Twitter announced on Monday. Dick Costolo, the chief operating officer, will succeed Mr. Williams. The company, which announced the ... (Source: Pittsburgh Post-Gazette 2010-10-06T04:21:51Z)

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)

Gymboree Hires Goldman Sachs to Auction Itself Off

After seeing interest from potential buyers, children's clothing retailer Gymboree has hired Goldman Sachs ( GS ) to auction itself off, and more private-equity firms have already stepped in to say they want to play, according to a New York Post article ... (Source: Daily Finance 2010-10-05T17:30:27Z)

Justice Department sues Visa, Mastercard

The U.S Attorney General is accusing them of holding consumers hostage. That is why the Justice Department sued Visa, Mastercard and American Express. It says the companies are eliminating competition by not allowing merchants to offer discounts on other ... (Source: msnbc.com 2010-10-05T02:14:11Z)

Romania needs to borrow $7.9 billion in 2011

Romania needs to borrow almost €6 billions ($7.9 billion) next year to cover its budget deficit and plans to sign a new deal with the International Monetary Fund in 2011 to shore up the ailing economy, President Traian Basescu said. On Wednesday, at ... (Source: AP - msnbc.com 2010-09-22T16:12:48Z)

Romania needs to borrow $7.9 billion in 2011, will sign new IMF deal in 2011

BUCHAREST , Romania (AP) — Romania needs to borrow almost euro6 billions ($7.9 billion) next year to cover its budget deficit and plans to sign a new deal with the International Monetary Fund in 2011 to shore up the ailing economy, the president said. On ... (Source: Los Angeles Times 2010-09-22T10:43:31Z)

Oil hovers below $83 in Asia after report shows US crude supply jump

SINGAPORE (AP) — Oil prices hovered below $83 a barrel Wednesday in Asia after a report showed U.S. crude supplies unexpectedly jumped last week, suggesting demand may be weaker than anticipated. Benchmark oil for November delivery was down 14 cents to $ ... (Source: Los Angeles Times 2010-10-06T04:50:29Z)

Oil hovers below $83 after US crude supply jump

Oil prices hovered below $83 a barrel Wednesday in Asia after a report showed U.S. crude supplies unexpectedly jumped last week, suggesting demand may be weaker than anticipated. Benchmark oil for November delivery was down 14 cents to $82.68 a barrel at ... (Source: AP - msnbc.com 2010-10-06T04:50:29Z)

Oil slips below $81 a barrel after jump higher as European stock markets slide

KUALA LUMPUR, MALAYSIA — Oil prices slipped below $81 a barrel Monday as weak European stock markets dampened sentiment. Benchmark oil for November delivery was down 62 cents to $80.96 a barrel at late afternoon Kuala Lumpur time in electronic trading on ... (Source: Washington Examiner 2010-10-04T09:10:33Z)

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)

Televisa Invests $1.2 Billion for a Stake in Univision

Univision, the leading Spanish-language television network in the United States, will retain the rights to popular telenovelas produced by the Mexican television giant Grupo Televisa for another 15 years. In a deal announced Tuesday, Televisa will invest $ ... (Source: New York Times 2010-10-06T01:58:41Z)

Schlumberger, Eurasia Drilling Swap Assets

Eurasia Drilling and global giant Schlumberger on Tuesday said they agreed to swap assets and form a strategic alliance in Russia, the world's top energy producer. The two firms signed a letter of intent under which Schlumberger will purchase Eurasia's ... (Source: Moscow Times 2010-10-05T17:23:17Z)

Mariners shut down Cy Young candidate Felix Hernandez

SEATTLE (AP) — Felix Hernandez   (FSY) is done pitching for the season. Seattle Mariners general manager Jack Zduriencik says Hernandez will not start on Sunday in the regular-season finale against Oakland. "It's tough because you know how competitive ... (Source: USA Today 2010-10-01T02:54:43Z)

W. Pa. mom pleads in pregnancy plot case

UNIONTOWN, Pa. A western Pennsylvania woman accused of conspiring with her boyfriend to drug her 13-year-old daughter so he could try to impregnate her has reached a plea deal. The woman, 34, was slated for trial Monday. But she pleaded guilty to criminal ... (Source: Vindy.com 2010-10-06T04:43:19Z)

Police: Woman Tried To Get Daughter, 13, Pregnant

UNIONTOWN, Pa. -- A western Pennsylvania woman accused of conspiring with her boyfriend to drug her 13-year-old daughter so he could try to impregnate her has reached a plea deal with prosecutors. The 34-year-old woman was slated for trial Monday in ... (Source: Pittsburgh Channel 2010-10-06T03:46:03Z)

Mom pleads guilty in plot to impregnate 13-year-old daughter

UNIONTOWN, Pa. (AP) -- A western Pennsylvania woman accused of conspiring with her boyfriend to drug her 13-year-old daughter so he could try to impregnate her has pleaded guilty in a deal with prosecutors. The 34-year-old Uniontown woman was slated for ... (Source: KXTV News10Net 2010-10-06T05:33:26Z)

Gymboree shares rise on report of potential sale

Shares of Gymboree Corp. surged in afternoon trading on Tuesday after a report indicated the children's clothing company could go for more than $1 billion in an auction. Gymboree's stock rose $2.96, or 6.1 percent, to $51.20. The shares have traded between ... (Source: AP - msnbc.com 2010-10-05T16:33:11Z)

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