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 / November 10, 2010, 10:41 am

Bimbo makes name for itself , buys Sara Lee bakery unit

Get used to saying it the CORRECT way. Because the Bimbo (pronounced "beembo") brand is here to stay in Chicago. On Tuesday, Mexico City-based Grupo Bimbo, the world's largest baking company, said it will acquire the North American fresh bakery business of ... (Source: Chicago Sun-Times 2010-11-10T09:59:44Z)

$4 billion deal will give Chevron Pennsylvania stake

Chevron Corp.'s planned acquisition of Atlas Energy Inc. gives the nation's second-biggest oil company a direct route to the gas-rich Marcellus shale formation in Western Pennsylvania. The $4.3 billion deal announced Tuesday means that Atlas, based in Moon ... (Source: Pittsburgh Tribune-Review 2010-11-10T04:51:55Z)

Chevron buys into shale gas

Moon natural gas producer Atlas Energy Inc. has agreed to be acquired by Chevron Corp. for $4.3 billion in a deal that accelerates the involvement of the world's major oil companies in development of the Marcellus Shale, a geologic formation containing ... (Source: Pittsburgh Post-Gazette 2010-11-10T05:20:33Z)

Vodafone to Sell Softbank Interests for $5 Billion

LONDON—Mobile giant Vodafone Group PLC said Tuesday that it will receive £3.1 billion ($5 billion) from the sale of its interests in SoftBank Corp. of Japan, part of wider management efforts to exploit its operations in Europe, Africa and India. Under ... (Source: Wall Street Journal 2010-11-10T13:48:48Z)

Republicans eye reviving tax cut debate in 2012

House Speaker Nancy Pelosi has control during the post-election "lame-duck" session and could force a vote just on renewing lower rates for the middle class - daring Republicans to vote against them. "She has been almost defiant in her reading of election ... (Source: Reuters 2010-11-10T13:55:57Z)

US military says has learnt from Fort Hood

The US military reported it has set up threat awareness and training programs since the 2009 shooting rampage by a Muslim Army psychiatrist but critics said the documents fail to deal with Islamist extremism. Major Nidal Malik Hasan, who had exchanged ... (Source: ONE News 2010-11-10T01:52:58Z)

Lessons learned from Fort Hood shooting: U.S. military

The U.S. military reported it has set up threat awareness and training programs since the 2009 shooting rampage by a Muslim Army psychiatrist but critics said the documents fail to deal with Islamist extremism. Major Nidal Malik Hasan, who had exchanged ... (Source: msnbc.com 2010-11-10T03:40:20Z)

Softbank Rose, Volume Surged Before Buyback Release

Nov. 10 (Bloomberg) -- Softbank Corp. climbed to a three- year high and trading volume jumped yesterday in Tokyo before the carrier announced a 412.5 billion yen ($5 billion) repurchase of securities from Vodafone Group Plc. The number of Softbank shares ... (Source: BusinessWeek 2010-11-10T10:42:41Z)

Natural gas catches eye of oil companies

NEW YORK - Pretty soon, Big Oil will be more like Big Gas. The major oil companies are increasingly betting their futures on natural gas, with older oil fields producing less crude and newer ones either hard to reach or controlled by unfriendly nations ... (Source: Daily Breeze 2010-11-10T03:26:01Z)

Oil companies increasingly eye natural gas

NEW YORK—Pretty soon, Big Oil will be more like Big Gas. The major oil companies are increasingly betting their futures on natural gas, with older oil fields producing less crude and newer ones either hard to reach or controlled by unfriendly nations ... (Source: Texarkana Gazette 2010-11-10T09:16:47Z)

Supreme Court to consider limits on class-action suits

Class-action lawsuits have long been a battleground between consumer lawyers and attorneys representing cell-phone companies, banks, and other large businesses that deal with millions of customers. On Tuesday, the battle will play out before the U.S ... (Source: Philadelphia Daily News 2010-11-10T08:12:21Z)

Source: Japanese infielder Tsuyoshi Nishioka interested in playing for the Dodgers

Another Japanese player could be on his way to Los Angeles. Middle infielder Tsuyoshi Nishioka is likely to be made available to major league clubs by the Chiba Lotte Marines in the near future and the Dodgers are his preferred landing spot, according to a ... (Source: Los Angeles Times 2010-11-10T04:59:05Z)

UPDATE 2-PE group approaches Alibaba's Ma on Yahoo bid -source

HONG KONG, Nov 9 (Reuters) - Jack Ma, founder of Alibaba Group, has been approached by a group of private equity investors to gauge his interest in joining a bid to buy Yahoo Inc ( YHOO.O ), a source close to the situation said. Ma, whose Alibaba Group is ... (Source: Reuters 2010-11-09T09:39:26Z)

Two Japanese players eyeing MLB

TOKYO -- Two members of the Japan Series-winning Chiba Lotte Marines say they want to play in the major leagues next season. Shortstop Tsuyoshi Nishioka said on Wednesday he intends to move to Major League Baseball via the posting system, while closer ... (Source: ESPN.com 2010-11-10T12:22:54Z)

Justices hear case on class-action arbitration

Vincent and Liza Concepcion were looking for a phone, not a lawsuit, when they decided in 2002 to go with AT&T Mobility. At a California store, they got a deal for a Motorola and a "free" Nokia - and, according to AT&T, signed away their right to initiate ... (Source: Washington Post 2010-11-10T07:15:05Z)

Yahoo Shares Up on Deal Speculation

Yahoo (YHOO) shares are trading higher today on increased deal rumors. Reuters reported today that Alibaba Group founder Jack Ma has been approached by a private equity consortium to gauge his interest in joining a bid to buy Yahoo. Yahoo shares are ... (Source: Forbes 2010-11-10T06:46:27Z)

Kiribati wants climate-change experts to have a first-hand look at its future

The president of Kiribati has said the low-lying Pacific nation must begin planning to relocate its population in case global warming causes sea levels to rise and swamp the country. Kiribati President Anote Tong will present his case at a climate change ... (Source: Taipei Times 2010-11-10T16:26:17Z)

PE group approaches Alibaba's Ma on Yahoo bid: source

HONG KONG — Jack Ma, founder of Alibaba Group, has been approached by a group of private equity investors to gauge his interest in joining a bid to buy Yahoo Inc, a source close to the situation said. Ma, whose Alibaba Group is 40 percent held by Yahoo ... (Source: msnbc.com 2010-11-10T07:00:46Z)

Supreme Court weighs whether consumers' small suits can be combined

In a dispute between a California couple and AT&T Mobility, the firm argues to keep its arbitration clause. The court's ruling could determine whether disgruntled customers can file a class-action lawsuit rather than be forced to arbitrate out of court. In ... (Source: Los Angeles Times 2010-11-10T07:43:43Z)

A Transformational Election? Not Likely

"A week ago today, voters flipped the Obama coalition on its head and voted for Republicans in a mid-term landslide that has the potential to be a transformational election." Steve Lombardo Get a grip on, Steve. It wasn't a landslide and it's not likely to ... (Source: Huffingtonpost.com 2010-11-10T18:06:30Z)

Japanese players Nishioka, Kobayashi eye MLB

TOKYO (AP) — Two members of the Japan Series-winning Lotte Marines say they want to play in the U.S. major leagues next season. Shortstop Tsuyoshi Nishioka said on Wednesday he intends to move to Major League Baseball via the posting system while closer ... (Source: Fox11AZ 2010-11-10T12:01:25Z)

Deal snapshot: VODAFONE UNVEILS USD5.1BN SALE OF INTERESTS IN JAPANESE ...

For full details on Vodafone Group Plc (VOD) VOD . Vodafone Group Plc (VOD) has Short Term PowerRatings at TradingMarkets. Details on Vodafone Group Plc (VOD) Short Term PowerRatings is available at This Link . How to Successfully Trade ETFs Do you want to ... (Source: TradingMarkets.com 2010-11-10T17:30:42Z)

Sara Lee to sell bakery unit to Grupo Bimbo for $959 million

Sara Lee Corp. is cutting the apron strings on its struggling North American bread-making business, agreeing to sell it to Mexican baking giant Grupo Bimbo for $959 million. The deal would make Grupo Bimbo the largest baker in the U.S. It also marks Sara ... (Source: Los Angeles Times 2010-11-10T00:27:04Z)

Oil companies increasingly considering natural gas

NEW YORK — Pretty soon, Big Oil will be more like Big Gas. The major oil companies are increasingly betting their futures on natural gas, with older oil fields producing less crude and newer ones either hard to reach or controlled by unfriendly nations ... (Source: Daily Oklahoman 2010-11-10T12:58:41Z)

Cancun will test climate talks' credibility, says Jairam Ramesh

UN climate talks in Cancun will be the last chance for nations to agree on thorny issues such as technology transfers and will test the dialogue's credibility, environment minister Jairam Ramesh said on Wednesday. Nations must reach a consensus on sharing ... (Source: Hindustan Times 2010-11-10T17:02:04Z)

Obama panel recommends $200B in spending cuts

WASHINGTON — The leaders of President Obama's fiscal commission are recommending up to $200 billion a year in domestic and defense spending cuts from the federal budget, much of it by shrinking the size and freezing the pay of the federal workforce. The ... (Source: USA Today 2010-11-10T17:59:20Z)

Top brass ignored red flags

The following editorial appeared Friday in the Dallas Morning News. A year ago, 13 people died and 32 others were wounded when Army Maj. Nidal Hasan went on a cold-blooded shooting rampage at Fort Hood, Texas. Civilian police officers Sgt. Kimberly Munley ... (Source: Centre Daily 2010-11-10T05:34:52Z)

Sara Lee sells its North American Fresh Bakery unit to Grupo Bimbo for $959 million

PORTLAND, Ore. - Sara Lee Corp. is cutting the apron strings on its struggling North American bread-making business, selling it to Mexican baking giant Grupo Bimbo for $959 million. The deal makes Grupo Bimbo the largest baker in the U.S. It also marks ... (Source: Minneapolis Star Tribune 2010-11-09T20:23:41Z)

Chevron nabs U.S. shale gas acreage

SAN RAMON, Calif., Nov. 10 (UPI) -- A deal to acquire U.S. energy company Atlas Energy Inc. adds trillions of feet of shale gas to Chevron's portfolio in the United States, the supermajor said. Chevron announced that it would acquire Atlas for $3.2 billion ... (Source: United Press International 2010-11-10T13:48:48Z)

Officials say technology-sharing deal possible at Cancun climate summit

NEW DELHI (AP) — Next month's crucial U.N. climate summit can yield agreement on a system for transferring funds and technology to developing nations but only if intellectual property issues are left for later, officials said Wednesday. Mexico's ... (Source: Los Angeles Times 2010-11-10T13:05:51Z)

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