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Deals of the Hour / November 11, 2010, 5:41 pm

Wi-Gear CEO rebuffs rumors of the company's acquisition by Apple

Rebuffing reports, which were first published by 9to5Mac, of Apple's acquisition of the Bluetooth wireless headphone maker, Wi-Gear, the company's CEO Mark Pundsack said on Wednesday that the rumor was false. Putting the rumors to rest, Pundsack said ... (Source: TopNews United States 2010-11-11T09:44:14Z)

Pleasures opens America's first adult toy drive-thru store in Huntsville

HUNTSVILLE, AL (WAFF) - Pleasures is opening a new adult store that offers a drive-thru this weekend. "It's a new level of privacy, and it feels good to give something back to the community," business owner Sherri Williams said. Located at the intersection ... (Source: WAFF 2010-11-09T22:39:42Z)

America's last WWI veteran urges Congress to fund war memorial

CHARLES TOWN, W.Va. — America's last surviving World War I veteran says Congress should pass legislation to build a long overdue memorial to his fellow soldiers in Washington, D.C. West Virginia's Frank Buckles, of Charles Town, is honorary chairman ... (Source: Herald-Mail 2010-11-10T15:14:42Z)

Gary Condit's son says Levy case continues to weigh on former congressman, who is writing book

WASHINGTON - The son of former congressman Gary Condit says the Chandra Levy case continues to weigh on his father and his family. Chad Condit also said Thursday on ABC's "Good Morning America" that his father is working on a book that will tell his side ... (Source: Minneapolis Star Tribune 2010-11-11T13:26:08Z)

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)

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)

Sex Drive-Thru

HUNTSVILLE, ALABAMA - "Pleasures," the adults-only store that challenged state law banning sex toys, is at it again. Now owner Sherri Williams says it will be the first store in the nation to offer adult toys and lotions at a drive-up window. Purchases ... (Source: WTAJ 2010-11-11T21:25:44Z)

Dubai Group sets up bank panels to deal with debts; arm of ruler's firm eyes positive outcome

DUBAI, UNITED ARAB EMIRATES — An investment company controlled by Dubai's ruler says it has begun talking with banks about how to meet its debt obligations. Dubai Group said in a statement Thursday the talks are making good progress and that it is ... (Source: Washington Examiner 2010-11-11T10:41:30Z)

Telefonica Leans on Latin America Revenues

Spanish carrier Telefonica today announced a doubling of year-over-year profits for the period beginning in January and ending in September. Telefonica posted revenues of $12.2 billion, an increase of 65.6 percent from the same period last year. The ... (Source: Wirelessweek.com 2010-11-11T17:36:40Z)

Temasek To Take Bank Of America's Entitlement In China Construction Bank Rights Issue - Source

SINGAPORE -(Dow Jones)- Singapore state investment firm Temasek Holding will take up Bank of America's ( BAC ) entire entitlement in China Construction Bank's (0939.HK) rights issue, a person familiar with the transaction said Thursday. The person said ... (Source: FOXBusiness 2010-11-11T04:00:38Z)

Oldest vet: It's time for a WWI memorial

WASHINGTON (RNN) - Nearly 100 years after the start of World War I, there still is not a national World War I memorial in Washington, DC. This Veteran's Day, America's last surviving World War I veteran is calling for lawmakers to pass legislation clearing ... (Source: WTOL-TV 2010-11-11T22:15:51Z)

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)

NM gov-elect wants to avoid layoffs next year

New Mexico Gov.-elect Susana Martinez said Wednesday she wants to avoid layoffs of state workers when her administration deals with a budget shortfall next year, but she stopped short of promising that won't happen. The Republican, who takes office on Jan ... (Source: AP - msnbc.com 2010-11-11T15:42:08Z)

U.S., South Korea Fail To Finalize Stalled Trade Deal

SEOUL, South Korea — South Korea and the United States failed to score a breakthrough on a long-stalled free trade agreement and will keep negotiating, their presidents said Thursday, in a sharp setback to hopes of speedily ratifying the ambitious accord ... (Source: Huffingtonpost.com 2010-11-12T00:53:20Z)

Dubai Group misses interest payment

Dubai Group, an investment arm of one of the emirate's troubled conglomerates, has missed an interest payment on a $330m loan, potentially triggering a cross-default on other debts. Dubai Group is part of the Dubai Holding conglomerate that is owned ... (Source: Financial Times 2010-11-12T00:39:01Z)

DUBAI GROUP SETBACK OVER LOAN REPAYMENT

DUBAI: Financial services firm Dubai Group, part of a conglomerate owned by Dubai's ruler, missed an October interest payment on a $330 million loan on which Citibank was the sole bookrunner, sources said yesterday. "The payment on the Citibank facility in ... (Source: Gulf Daily News 2010-11-12T00:46:10Z)

Gov.-elect wants to avoid worker layoffs next year

ALBUQUERQUE, N.M. (AP) — Gov.-elect Susana Martinez said Wednesday she wants to avoid layoffs of state workers when her administration deals with a budget shortfall next year, but she stopped short of promising that won't happen. The Republican, who ... (Source: New Orleans Times-Picayune 2010-11-11T00:47:21Z)

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)

Telefonica Net Income Jumps to Record on Vivo Deal

Nov. 11 (Bloomberg) -- Telefonica SA, Europe's second- largest phone company, posted a record quarterly profit, boosted by a gain related to its 7.5 billion-euro ($10.33 billion) purchase of control of Brazil's Vivo Participacoes SA. Third-quarter net ... (Source: San Francisco Gate 2010-11-11T19:52:41Z)

Prosecutors' hopes in Chandra Levy case may come down to 3 witnesses

WASHINGTON - Prosecutors presented many witnesses in their case against the man accused of killing Chandra Levy. Only a few of them really matter. Some 40 witnesses of widely varying strengths took the stand during the nine days that prosecutors laid out ... (Source: St. Louis Post-Dispatch 2010-11-12T01:21:58Z)

Gov.-elect Susana Martinez Begins Prep for Transition to Governorship

Gov.-elect Susana Martinez has begun assembling a team Wednesday to run state government and to deal with a looming $260 million budget shortfall. Martinez, a Republican of Las Cruces, made history Tuesday, becoming the first woman to be elected New Mexico ... (Source: HispanicBusiness.com 2010-11-04T21:05:24Z)

Gary Condit working on book about Chandra Levy case, son says

WASHINGTON - The son of former congressman Gary Condit says the Chandra Levy case continues to weigh on his father and his family. Chad Condit also said Thursday on ABC's "Good Morning America" that his father is working on a book that will tell his side ... (Source: AZCentral.com 2010-11-11T13:54:46Z)

Big Banks Told Not to Just 'Fix' Foreclosure Fraud

In two letters released Friday, Attorney General Richard Cordray criticized a number of banks and loan-servicing companies, including Wells Fargo & Co.; Ally Financial Inc.'s GMAC Mortgage; Bank of America Corp.; and J.P. Morgan Chase & Co. Mr. Cordray ... (Source: Wall Street Journal 2010-10-29T22:31:16Z)

Buckles Renews Call to Congress to Create WWI Memorial

JEFFERSON COUNTY, WV - America's last living World WarI veteran and Charles Town resident Frank W.Buckles is urging Congress to pass legislation for a World War I Memorial in our nation's capitol. Buckles first addressed Congressabout thememorial back in ... (Source: msnbc.com 2010-11-11T13:11:49Z)

Wi-Gear CEO: Apple Never Purchased Us

The chief executive of Wi-Gear has denied a report that said Apple purchased the Bluetooth wireless headphone maker. In an exchange with Barron's Tech Trader Daily, Wi-Gear chief executive Mark Pundsack said the rumor was false. The original report from ... (Source: PC Magazine 2010-11-11T02:56:12Z)

Spain's Telefonica profits soar on Latin America

Spanish telecoms giant Telefonica said Thursday net profits more than doubled in the third quarter, boosted by a revaluation of its stake in Brazilian cellphone operator Vivo and by growth in Latin America. Net profit leapt 168.7 percent from the same ... (Source: Big Hollywood 2010-11-11T11:02:58Z)

Temasek Will Take Bank of America's Entitlement in CCB Rights Issue

China Construction Bank Corp. said that Singapore state investment firm Temasek Holdings Pte. Ltd. will take up Bank of America Corp.'s entire entitlement in CCB's rights issue. The news confirmed an earlier comment made by a Temasek spokesperson to Dow ... (Source: Wall Street Journal 2010-11-11T13:33:17Z)

Bank of America urges dismissing robo-signing suit

By Jonathan Stempel NEW YORK (Reuters) - Bank of America Corp <BAC.N> has urged a federal judge to throw out a racketeering lawsuit over its alleged use of "robo-signers" in foreclosures. The largest U.S. bank said the Indiana plaintiffs, who lost their ... (Source: msnbc.com 2010-11-11T19:02:34Z)

Sherri Williams Opens Pleasures Drive-Thru Sex Toy Shop In Alabama

Sherri Williams Opens Pleasures Drive-Thru Sex Toy Shop In Alabama – An Alabama sex toy shop has made the headlines after becoming the first shop to offer a drive thru service for customers to purchase sex toys. The owner of the store says that they are ... (Source: Spreadit 2010-11-12T01:00:29Z)

AP IMPACT: Bypassing county fees may cost banks

It used to be that every time a bank sold a mortgage, the county land recording office received a fee. It wasn't much — $30 or so — but then real estate boomed in the 1990s and banks pooled millions of mortgages into securities that investors bought ... (Source: AP - msnbc.com 2010-11-10T20:15:20Z)

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