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, 9:41 am

Obama Could Set Political Tone At Home With South Korean Trade Deal

WASHINGTON -(Dow Jones)- When President Barack Obama returns from South Korea next week, he could set the tone for dealing with the newly divided U.S. Congress by bringing home a trade deal with bipartisan appeal. Business groups, which largely favored ... (Source: NASDAQ 2010-11-03T15:37:19Z)

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)

Amazon Absorbs Diaper Competitor Quidsi

Online retail giant will pay $500 million in cash in a deal that echoes last year's Zappos acquisition. Amazon.com announced Monday it will acquire Quidsi, the owner of retail sites Diapers.com and Soap.com, which sell baby products and household ... (Source: Forbes 2010-11-08T17:54:33Z)

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)

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)

Grandmother arrested in baby-selling plot

DAYTONA BEACH, Fla., Nov. 10 (UPI) -- A Florida woman tried to sell her infant grandson on the Internet and cheat her daughter out of her share, authorities said. Patty Bigbee, 45, of Daytona Beach attempted a deal with another daughter to pay $75,000 for ... (Source: United Press International 2010-11-10T16:33:26Z)

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)

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)

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)

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)

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)

US business lobby chief: SKorea trade deal a must

The United States must quickly clinch its stalled free trade agreement with South Korea and get it implemented or risk losing out to rivals negotiating similar deals with the Northeast Asian nation, the head of the top U.S. business lobby said Wednesday ... (Source: AP - msnbc.com 2010-11-10T08:12:21Z)

Target's Black Friday Deals -- Revealed!

Washington, D.C. (November 10, 2010) -- How would you like a 46-inch LCD HDTV for just $449? Or a 40-inch Westinghouse LCD HDTV for just $298? That's just a few of the "Black Friday" deals that you can expect at Target, according to the web site ... (Source: TVPredictions.com 2010-11-10T10:28:22Z)

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)

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)

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)

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)

Mom sold baby to buy car, police charge

MIAMI (Reuters) – A Florida woman was charged with trying to sell her infant son in order to pay for a new car, police said Tuesday. The baby's grandmother brokered the deal and initially demanded $75,000 but agreed to cut the price to $30,000 when told ... (Source: YAHOO! 2010-11-10T17:30:42Z)

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)

Technology sharing agreement to combat climate change possible at upcoming Cancun UN meeting

NEW DELHI - 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 Environment ... (Source: Minneapolis Star Tribune 2010-11-10T14:38:54Z)

$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 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)

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)

Summary Box: Amazon to buy Diapers.com owner

THE TRANSACTION: Amazon.com Inc. is buying Quidsi, the owner of Diapers.com and Soap.com, for $500 million in cash. WHAT IT MEANS: Amazon already has an online baby store. Cowen and Co. analyst Jim Friedland says the deal "positions Amazon to dominate the ... (Source: AP - msnbc.com 2010-11-08T23:16:40Z)

Stephanie Bigbee Fleming: Police Arrest Mom for Role in Attempted Sale of 3-Month-Old

DAYTONA BEACH, Fla. (CBS/AP) A Florida mother knew about her mother's attempt to sell her young son and wanted some of the money to pay for a new car, authorities said. According to the Florida Department of Law enforcement, Fleming, who was booked under ... (Source: CBS News 2010-11-10T17:16:23Z)

Seoul Signals Openness on U.S. Trade Deal

SEOUL—South Korea's trade minister, after talks with his U.S. counterpart on Monday, signaled some openness to compromise on regulations that have been a barrier to U.S. auto makers and left U.S. lawmakers unwilling to ratify a free-trade agreement the ... (Source: Wall Street Journal 2010-11-08T13:51:10Z)

Target Black Friday Ad Leaked! Amazing Deals on Televisions and Video Game Consoles

The moment all Black Friday shoppers have been waiting for! The Target Black Friday ad has been leaked! There are some amazing deals on LCD tvs, video games and other electronics. Be sure that you line up early! Doors open at 4 am but you had better plan ... (Source: Gather.com 2010-11-10T01:17:10Z)

Top UN climate official sees good prospects for a limited deal at Cancun meeting

AMSTERDAM — The top U.N. official on climate change says the U.S. and China have moved closer on elements of a global warming agreement under discussion at a major conference next month. Christiana Figueres says "there is a deal to be done" when ... (Source: San Francisco Examiner 2010-11-10T16:19:07Z)

Amazon to buy Diapers.com owner Quidsi for $500 million

Amazon plans assume about $45 million in debt and other obligations as part of the deal, which has been approved by Quidsi's shareholders. Soap.com sells health, beauty and cleaning products online, while Diapers.com sells baby-care items, including food ... (Source: Cleveland Plain Dealer 2010-11-08T19:20:27Z)

Target sets deep Black Friday deals on TVs and appliances

Here's a sampling of what Black Friday shoppers at Target stores could score this year: $3 appliances, deep deals on HDTVs and 50% off on clothes and toys, according to a website that says it has received a leaked copy of the retailer's circular. Brad ... (Source: Inside Fidelity 2010-11-10T15:50:29Z)

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