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 11, 2010, 3:41 pm

UBS staffer reportedly leaked GM IPO info

Swiss bank UBS is no longer working on General Motors' initial public stock offering because a bank employee leaked information about the sale in an unauthorized e- mail, a person briefed on the matter said Wednesday. GM disclosed the e-mail in a filing ... (Source: Newsday 2010-11-11T00:25:53Z)

South Korea and U.S. fail to resolve trade deal row

SEOUL (Reuters) - The United States and South Korea failed on Thursday to revive a stalled free trade agreement, dealing a blow to both countries' leaders and putting a brake on bilateral trade. President Barack Obama and South Korea's Lee Myung-bak said ... (Source: Reuters 2010-11-11T10:41:30Z)

Apple (AAPL) Did Not Acquire Wi-Gear; CEO Denies Rumors

Earlier this week, rumors surfaced that Apple Inc. (NASDAQ: AAPL ) had acquired Bluetooth iOS headphone maker Wi-Gear, which is now know to be false as the company's CEO Mark Pundsack proclaimed the reports false. "The rumor is false," Pundsack said. "Wi ... (Source: StreetInsider.com 2010-11-11T12:36:02Z)

Microsoft Windows Phone 7 devices go on sale

Seattle — Smart phones running Microsoft Corp.'s new software are now available for AT&T Inc. and T-Mobile USA customers. They phones will compete with Apple Inc.'s iPhone and an expanding number of phones with Google Inc.'s Android system. The first ... (Source: Detroit News 2010-11-08T23:59:37Z)

Failure to reach trade deal with South Korea setback for Oboma

SEOUL, South Korea — Despite intense efforts, the United States and South Korea failed today to conclude a long-sought free-trade deal, a setback for President Barack Obama as he confronts tensions abroad and at home on a series of economic fronts. The ... (Source: Oregonian 2010-11-11T15:56:27Z)

Prosecutor: Heroin mill found near Times Square

Authorities say a newly renovated apartment two blocks from Times Square was being used as a major heroin-packaging mill to process millions of dollars' worth of the drug for sale. Three men and a woman were awaiting arraignment Thursday on drug-possession ... (Source: AP - msnbc.com 2010-11-11T20:14:09Z)

Prosecutor: Heroin mill in apt. near Times Square

(AP) — Authorities say a newly renovated apartment two blocks from Times Square was being used as a major heroin-packaging mill to process millions of dollars' worth of the drug for sale. Three men and a woman were awaiting arraignment Thursday on drug ... (Source: Newsday 2010-11-11T19:59:50Z)

Vodafone, Bharti Struggle to Squeeze Profit From African Deals

Nov. 11 (Bloomberg) -- For Vodafone Group Plc, Bharti Airtel Ltd. and other phone companies with more than $90 billion invested in Africa, making money from each user in the world's fastest-growing market is turning into the biggest challenge. The number ... (Source: BusinessWeek 2010-11-11T17:00:53Z)

As stock sale nears, GM logs $2B profit

D ETROIT - Strong profits on new cars and trucks helped General Motors Co. earn $2 billion in the third quarter, enhancing the company's appeal as it nears next week's initial public stock offering. The third-quarter earnings of $1.20 per share nearly ... (Source: Boston Herald 2010-11-11T14:44:52Z)

Amazon Backing Down? 'Pedophile Guide' Listing Unavailable After Outrage

An e-book for sale on Amazon.com entitled "The Pedophile's Guide to Love and Pleasure," was no longer available from the retailer late Wednesday after shocked consumers across the nation called for a boycott. The title, authored by Phillips Greaves, was ... (Source: FOX News 2010-11-11T18:48:15Z)

Temasek boosts stake in China bank

Temasek Holdings will take up Bank of America's entire entitlement to the rights issue of China Construction Bank (0939). CCB, China's No 2 lender, plans to raise up to 61.6 billion yuan (HK$72.1 billion) in Asia's biggest rights issue outside Japan to ... (Source: Hong Kong Standard 2010-11-11T19:59:50Z)

MetLife Halts Sale of New Long-Term Care Insurance

Nov. 11 (Bloomberg) -- MetLife Inc., the largest U.S. life insurer, will halt the sale of new long-term care coverage after citing "financial challenges" in the business. The insurer will accept applications for new coverage through Dec. 30 and ... (Source: BusinessWeek 2010-11-11T14:16:14Z)

Alleged heroin mill busted near Times Square

MIDTOWN (WABC) -- Authorities say a newly renovated apartment two blocks from Times Square was being used as a major heroin-packaging mill to process millions of dollars' worth of the drug for sale. Three men and a woman were awaiting arraignment Thursday ... (Source: KABC 2010-11-11T20:21:19Z)

Gartner: Samsung becomes biggest Android maker in Q3

Android and iOS continue to outpace the market. Earlier this week, Samsung announced that it had sold 3 million Galaxy S Phones in the US and 7 million overall.  That sounds like it was enough to propel it past HTC and  to become the number one global ... (Source: Fortune Tech 2010-11-10T12:08:35Z)

UBS Unauthorized Email Costs Bank Role in GM's IPO, NYP Says

UBS AG lost its role as one of the banks managing General Motors Co.'s initial public offering because an employee sent an unauthorized email giving details of the share sale, including price estimates, to 150 of the firm's clients, the New York Post ... (Source: Bloomberg 2010-11-11T06:45:16Z)

Canadiens Deal Defenseman Ryan O'Byrne To Avalanche

The Montreal Canadiens have traded defenseman Ryan O'Byrne to the Colorado Avalanche for the rights to unsigned draft choice Michael Bournival, the NHL official website (www.nhl.com) said Thursday. The 6-foot-5 O'Byrne, who has appeared in only three games ... (Source: Post Chronicle 2010-11-11T19:38:22Z)

Apple Hasn't Bought Wi-Gear, CEO Says 'The Rumor Is False'

Earlier this week, Softpedia picked up on a story saying Apple had acquired a small San Francisco company that specialized in Bluetooth technology for use with wireless headphones, in a move that would put Apple in a good position to sell its own Bluetooth ... (Source: Softpedia 2010-11-11T09:44:14Z)

Habs deal impending free agent O'Byrne to Avs

MONTREAL -- The Montreal Canadiens have traded defenseman Ryan O'Byrne to the Colorado Avalanche for forward Michael Bournival. O'Byrne becomes a restricted free agent this summer and the deal trims $1.4 million from Montreal's payroll. The 6-foot-5 O ... (Source: CBS Sports 2010-11-11T19:59:50Z)

Canadiens deal defenseman Ryan O'Byrne to Colorado

MONTREAL (AP) -The Montreal Canadiens have traded defenseman Ryan O'Byrne to the Colorado Avalanche for forward Michael Bournival. O'Byrne becomes a restricted free agent this summer and the deal trims $1.4 million from Montreal's payroll. The 6-foot-5 O ... (Source: NHL.com 2010-11-11T18:41:06Z)

UPDATE 3-Bharti's home woes ease; African margins a worry

NEW DELHI, Nov 10 (Reuters) - Bharti Airtel ( BRTI.BO ), India's top mobile operator, signalled stability at home after a price war, while its new loss-making African business will likely remain a drag on earnings in coming quarters. Bharti, which now ... (Source: Reuters 2010-11-10T12:01:25Z)

MetLife To Halt Sale Of New Long-term Care Insurance Coverage - Update

(RTTNews) - Life insurer MetLife Inc. (MET: News ) said Thursday that it will discontinue the sale of new long-term care insurance coverage or LTCI, citing the "financial challenges" facing the industry. However, the company will continue to accept new ... (Source: RTT News 2010-11-11T14:01:55Z)

Amazon Stops Sale Of Pedophile Guide Book

Seattle, WA, United States (AHN) - Online retailer Amazon.com has stopped the sale of a guidebook for pedophiles and removed it from the website's list of titles offered to buyers after receiving complaints and a boycott threat. The e-book, "Pedophile ... (Source: All Headline News 2010-11-11T23:20:16Z)

iMuffs Maker: No Apple Deal; IP Still for Sale

No iMuffs for Steve after all. Earlier in the week, rumors started doing the rounds that Apple had purchased Wi-Gear, the company responsible for making iMuffs, a Bluetooth headset for iOS devices. The evidence seemed pretty plausible: An anonymous source ... (Source: Tom's Guide 2010-11-11T22:01:32Z)

MetLife to Halt Sales of New Long-Term Care Insurance, Cites Financial Problems for Industry

NEW YORK, Nov 11, 2010 (A. M. Best via COMTEX) -- MetLife Inc. said it will stop selling new long-term care insurance coverage. "There have been financial challenges within the long-term care industry as a whole," and not unique to the company, said Karen ... (Source: TradingMarkets.com 2010-11-11T22:01:32Z)

Temasek to take up Bank of America's CCB rights-sources

SINGAPORE Nov 11 (Reuters) - Singapore state investor Temasek [TEM.UL] will take up Bank of America's ( BAC.N ) entire entitlement in China Construction Bank's ( 0939.HK ) upcoming rights issue, two sources familiar with the deal said on Thursday. CCB ... (Source: Reuters 2010-11-11T02:34:44Z)

Windows Phone 7 goes on sale in the U.S.

The moment of truth is here for the Windows Phone 7 , which finally goes on sale in the U.S. on Monday. With the new OS, Microsoft is hoping to shrug off its dowdy image and finally emerge as a viable late-bloomer in the booming -- and tightly packed ... (Source: Los Angeles Times 2010-11-08T19:13:17Z)

UPDATE 1-Temasek to take up BoA's rights on CCB share sale

SINGAPORE, Nov 11 (Reuters) - Temasek Holdings [TEM.UL] will take up Bank of America's ( BAC.N ) entire entitlement in China Construction Bank's ( 0939.HK ) rights issue, a spokesman for the Singapore state investor said on Thursday. CCB ( 601939.SS ... (Source: Reuters 2010-11-11T03:53:28Z)

Seoul Ford dealer is dealt a lemon as U.S.-South Korea trade agreement stalls

SEOUL, South Korea -- Song Myoung-geun is a hard-driving car dealer pushing Fords to South Korean buyers. He's so good at his job that last year he ranked third nationwide in personal sales for the U.S.-made vehicles. The bad news: He moved 72 cars in 12 ... (Source: Lexington Herald-Leader 2010-11-11T22:08:41Z)

Bharti Records 27 Percent Loss in Profit

Nov 11, 2010 (This Day/All Africa Global Media via COMTEX) -- Bharti Airtel, India's largest mobile operator has recorded a 26.6% loss in its fiscal second-quarter net profit according to Reuters. The company recorded a net profit of $374.3 million for the ... (Source: TMCnet 2010-11-11T16:53:43Z)

Amazon Yanks 'Pedophile's Guide' From Its Kindle Store

WASHINGTON, DC – The online retailer Amazon touched off a firestorm this week when it defended its sale of an advice guide for pedophiles in its Kindle store. Then, in an about-face, the company removed the book after a public outcry. The book, The ... (Source: YAHOO! 2010-11-11T17:29:31Z)

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