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Deals of the Hour / November 11, 2010, 6:41 pm

University of Montana to stay in Big Sky Conference

The University of Montana Grizzlies will stay in the Big Sky Conference and not move up to the Football Bowl Subdivision, President Royce Engstrom said Thursday. "It was a complex decision with many pros and cons," Engstrom said in a statement. "In the end ... (Source: Missoulian 2010-11-11T22:15:51Z)

Election Day 2010: GOP wins House, Democrats retain Senate

Republicans, tapping into widespread anger over the ailing economy and disappointment with President Obama's leadership, wrested control of the House of Representatives from Democrats in Tuesday's midterm elections, but fell just short of winning the ... (Source: USA Today 2010-11-03T11:55:24Z)

Engine Uncertainties Keep Rolls Royce Under Pressure

Shares in Rolls Royce Group ( RYCEY.PK ) slipped another 2.6% to 590p Wednesday on news that Singapore Airlines had grounded three of its Boeing (NYSE: BA ) A380 super-jumbo jets ahead of plans to replace one engine on each of the planes. The move follows ... (Source: Seekingalpha.com 2010-11-11T12:57:30Z)

Tea Party favorite Bachmann exits GOP House leadership race

WASHINGTON (Reuters) - Minnesota Congresswoman and Tea Party favorite Michele Bachmann has dropped out of the race to lead the Republican House Conference, enabling the GOP to avoid a potentially damaging internal fight. Bachmann endorsed Texas ... (Source: Reuters 2010-11-11T16:53:43Z)

Obama urges 'inclusive government' in Iraq

President Barack Obama is urging Iraqi leaders involved in a fragile power-sharing deal to aim for an "inclusive government" for the country. The White House said in a statement from Seoul, where Obama is attending economic meetings, that the president ... (Source: AP - msnbc.com 2010-11-12T01:14:48Z)

University of Montana to remain in Big Sky, not jump to FBS and WAC

MISSOULA – The University of Montana is staying put. UM President Royce Engstrom announced today that Grizzly Athletics will stay in the Big Sky Conference and the Football Championship Subdivision. University officials had the opportunity to consider a ... (Source: StandardNet (blog) 2010-11-11T23:05:57Z)

Bachmann gives up bid for House leadership post

Rep. Michele Bachmann has dropped her bid to join the Republican leadership. Bachmann said in a statement Wednesday she was endorsing Rep. Jeb Hensarling of Texas for Republican Conference Chair, the No. 4 position in the GOP leadership. "Jeb Henserling ... (Source: Minneapolis Star Tribune 2010-11-11T02:34:44Z)

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)

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)

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)

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)

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)

Growing List of House Democrats Oppose Pelosi as Leader

The speaker of the House, Nancy Pelosi, looks ahead to the new Congress in an op-ed column in USA Today on Wednesday, but she continues to face a small rebellion within her own party about returning as Democratic leader. On Tuesday, two lawmakers ... (Source: New York Times Blogs 2010-11-11T08:46:58Z)

Woman sentenced in antifreeze margarita death

A woman drew a 23-year prison sentence Wednesday for killing her alcoholic boyfriend by lacing a jug of margarita cocktails with antifreeze at her apartment. "It's not as if you were captive in this house," Judge William Kocher said in imposing a near ... (Source: AP - msnbc.com 2010-11-10T18:35:07Z)

Woman gets 23 years in antifreeze death

CANANDAIGUA, N.Y. — A woman drew a 23-year prison sentence yesterday for killing her alcoholic boyfriend by lacing a jug of margaritas with antifreeze at her apartment in western New York. "It's not as if you were captive in this house,'' Judge ... (Source: Boston Globe 2010-11-11T07:21:04Z)

Qantas Airbus Blowout Traced to Oil Fire in Rolls-Royce Engine, EASA Says

An engine explosion on an Airbus SAS A380 operated by Qantas Airways Ltd. was probably caused by an oil fire in one of the plane's four Rolls-Royce Group Plc Trent 900 turbines, the European Aviation Safety Agency said. The fire may have caused the ... (Source: Bloomberg 2010-11-11T09:51:23Z)

Court denies Suu Kyi house arrest appeal

YANGON, Myanmar, Nov. 11 (UPI) -- The top court in Myanmar rejected an appeal by pro-democracy leader Aung San Suu Kyi against her house arrest, her attorney said. Her detention order was to expire Saturday, prompting speculation she could be released that ... (Source: United Press International 2010-11-11T16:10:46Z)

Telefonica's Record Net Misses Estimates on Spain

Nov. 11 (Bloomberg) -- Telefonica SA's record quarterly profit fell short of analyst estimates after an accelerated decline in domestic wireless revenue hurt Europe's second- largest phone company. Shares slid after the Spanish company's third ... (Source: BusinessWeek 2010-11-11T17:22:21Z)

GOP's Bachmann drops bid for House leadership

A tea party favorite is dropping her bid for a leadership position in the upcoming Republican-controlled House. Rep. Michele Bachmann of Minnesota said in a statement Wednesday night that she is no longer running for the chairmanship of the Republican ... (Source: AP - msnbc.com 2010-11-11T02:41:53Z)

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)

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)

Iraq parliament confirms Sunni-backed bloc's pick for speaker, first step to new government

BAGHDAD (AP) — Iraq lawmakers have approved a Sunni-backed coalition's choice for parliament speaker, setting in motion the process for forming a new government under a deal that returns Iraqi Prime Minister Nouri al-Maliki to power. Osama al-Nujaifi, a ... (Source: Chicago Tribune 2010-11-11T17:00:53Z)

New Inspections Ordered for Rolls-Royce Plane Engines

HONG KONG — Europe's air safety regulator has ordered a new round of inspections on all A380 jetliners using Rolls-Royce engines after it said an oil fire in the engine of an A380 operated by Qantas Airways may have caused the failure that forced the ... (Source: New York Times 2010-11-11T07:13:54Z)

Republicans' hard line since winning House could backfire

No bargaining, no deals, no compromise — that's the hard-line stance that Republicans have staked in the days since seizing control of the House. Their prescription for the sluggish economy — lower taxes, huge spending cuts, less regulation, and repeal ... (Source: Los Angeles Times 2010-11-12T02:26:23Z)

Montana decides to stay in the Big Sky

Upon further review, the University of Montana has decided to remain in the Big Sky Conference. Less than a month after Royce Engstrom took over as president of the university, he announced Thursday that the school would not move up to the Football Bowl ... (Source: Montana Standard 2010-11-12T01:07:39Z)

Myanmar's pro-junta party secures majority of parliamentary seats; Suu Kyi loses appeal

YANGON, Myanmar - Myanmar's pro-junta political party secured a majority of seats in both houses of Parliament, the latest official results from the country's first election in 20 years showed. The partial batch of results released Thursday confirm the ... (Source: Minneapolis Star Tribune 2010-11-11T18:26:47Z)

Iraq Takes First Steps Toward New Government

Iraq's parliament approved key leadership positions Thursday in the first step toward forming a new government, after a breakthrough deal that returns Shiite Prime Minister Nouri al-Maliki to office for a second term but falls short of Sunni hopes for ... (Source: NPR News 2010-11-12T00:03:13Z)

Aung San Suu Kyi loses court battle

Y ANGON, Myanmar — Myanmar's democracy icon Aung San Suu Kyi suffered her latest courtroom loss Thursday but close aides remained optimistic that she will soon be granted freedom from house arrest in the military-ruled country. The 65-year-old Nobel ... (Source: Boston Herald 2010-11-11T14:30:33Z)

Deadly Margarita Lands Woman In Jail

ONTARIO COUNTY, N.Y. -- An upstate New York woman was sentenced to 23 years in prison for spiking her dead boyfriend's margarita with antifreeze. Cynthia Galens showed no emotion when she received the sentence Wednesday. Her live-in boyfriend, Thomas Stack ... (Source: WSB-TV Atlanta 2010-11-11T16:53:43Z)

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