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 12, 2010, 8:40 am

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)

Shock-and-awe statism' fueled Republicans' victory

WASHINGTON — As he promised it would be, Barack Obama's presidency has been transformative, but not as he intended. Whether it lasts two or six more years, it is an exhausted volcano because its biggest consequence may already have happened: It has ... (Source: Houston Chronicle 2010-11-12T06:29:46Z)

Newsweek, The Daily Beast to merge operations

Website Daily Beast and magazine Newsweek have agreed a deal to combine, Daily Beast co-founder and editor Tina Brown said, just weeks after abandoning merger talks. The agreement will combine the two groups in a 50-50 joint venture called the Newsweek ... (Source: msnbc.com 2010-11-12T12:49:09Z)

Will: Transformative election not as Obama intended

As he promised it would be, Barack Obama's presidency has been transformative, but not as he intended. Whether it lasts two or six more years, it is an exhausted volcano because its biggest result may already have happened: It has resuscitated the right ... (Source: Erie Times-News 2010-11-12T04:06:36Z)

Islanders drop ninth straight

SAN JOSE, Calif. -- Dan Boyle found a way to beat Dwayne Roloson twice. Boyle scored the tying goal on a second-period power play and added the shootout clincher in the Sharks' 2-1 victory over the Islanders last night. Dwayne Roloson stopped 37 shots and ... (Source: New York Post 2010-11-12T13:53:35Z)

Marlins breaking off talks with Uggla

MIAMI — Dan Uggla says he still hopes to reach an agreement on a long-term contract with the Florida Marlins, even though they've broken off negotiations. The second baseman spoke about the status of those talks during a conference call Thursday after ... (Source: Columbia Daily Herald 2010-11-12T14:36:32Z)

Liberals Press Obama Not to Extend All Bush Tax Cuts

The White House scrambled Thursday to tamp down a burst of anxiety among liberals worried that President Barack Obama would agree to extend Bush-era tax cuts for the wealthiest Americans. Liberal economists and activists were responding to comments senior ... (Source: FOX News 2010-11-12T14:07:54Z)

Social Security, mortgage breaks ideas for slashing U.S. deficit

WASHINGTON - In a politically incendiary plan, the bipartisan leaders of President Barack Obama's deficit commission proposed curbs in Social Security benefits, deep reductions in federal spending and higher taxes for millions of Americans on Wednesday to ... (Source: AZCentral.com 2010-11-12T07:41:21Z)

Most active NYSE-traded stocks this week

NEW YORK (AP) -- A look at the 10 biggest percentage decliners on Nasdaq at the close of trading: : Bank of America Corp. rose 8.0 percent to $11.45 with 1,196,548,400 shares traded. Citigroup Inc. rose 7.7 percent to $4.17 with 2,469,186,000 shares traded ... (Source: Yahoo Finance 2010-11-05T22:08:39Z)

Newsweek, Daily Beast Set Merger

Newsweek magazine and news website The Daily Beast have agreed to a deal that will make Daily Beast co-founder Tina Brown the editor-in-chief of the combined operation three weeks after they abandoned talks of a merger over a disagreement about control ... (Source: Wall Street Journal 2010-11-12T02:12:04Z)

Newsweek, Daily Beast Join With Tina Brown At Helm

The Daily Beast online news site says it has reached a deal to merge with Newsweek magazine. In a posting on its website Thursday, The Daily Beast's editor-in-chief Tina Brown says the two outlets will partner to create The Newsweek Daily Beast Company ... (Source: NPR News 2010-11-12T16:02:26Z)

Earthquakes stun Red Bulls, advance to MLS East final

Bobby Convey scored twice, connecting in the sixth and 77th minutes, to help San Jose rebound from a 1-0 first-leg loss in California on Saturday night. Juan Pablo Angel , in likely his last game for the Red Bulls, scored in the 78th minute. New York, with ... (Source: USA Today 2010-11-05T05:55:07Z)

Icahn to vote "no" on Dynegy deal, offers loan

NEW YORK/BANGALORE (Reuters) - Billionaire investor Carl Icahn said he would vote against Blackstone Group's ( BX - News ) proposal to buy Dynegy Inc ( DYN - News ) and would offer a $2 billion line of credit to the struggling power company. "The Icahn ... (Source: Yahoo Finance 2010-11-12T14:07:54Z)

Earthquakes 3, Red Bulls 1

HARRISON, N.J. -- Chris Wondolowski scored in the 81st minute, giving the San Jose Earthquakes a 3-1 victory over the New York Red Bulls and Thierry Henry on Thursday night and a 3-2 aggregate win in the MLS Eastern Conference semifinal series. Bobby ... (Source: CBS Sports 2010-11-05T04:00:35Z)

Most active New York Stock Exchange-traded stocks

NEW YORK (AP) -- A look at New York Stock Exchange 10 most-active stocks at the close of trading: Ambac Financial Group Inc. rose 17.7 percent to $.49 with 36,814,500 shares traded. Bank of America Corp. fell .9 percent to $11.40 with 170,187,000 shares ... (Source: Yahoo Finance 2010-11-02T21:43:34Z)

UPDATE 2-Icahn to vote 'no' on Dynegy deal, offers loan

NEW YORK/BANGALORE, Nov 12 (Reuters) - Billionaire investor Carl Icahn said he would vote against Blackstone Group's ( BX.N ) proposal to buy Dynegy Inc ( DYN.N ) and would offer a $2 billion line of credit to the struggling power company. "The Icahn ... (Source: Reuters 2010-11-12T14:07:54Z)

No trade deal in Seoul...Poll says keep health care...American held in Pakistan

SEOUL , South Korea (AP) — President Barack Obama says the U.S. and South Korea will keep pressing on, even though they've failed to reach agreement on a free-trade deal at the G-20 meeting in Seoul. Obama says, "We have asked our teams to work ... (Source: KYTV 2010-11-11T08:32:39Z)

Panel suggests raising retirement age to 69

WASHINGTON -- (11/12/10) -- Voters who last week sent Washington a message to wrestle the spiraling debt under control have gotten a message back from the leaders of a White House budget commission: It'll hurt. A proposal released Wednesday by the ... (Source: KABC 2010-11-12T10:11:40Z)

Obama says he's open to compromise on tax cuts

SEOUL, South Korea (AP) – President Barack Obama said Friday he is open to a compromise with Republicans on extending tax cuts for the wealthiest Americans although he argued it would be fiscally irresponsible. Obama said he plans to meet next week with ... (Source: News-Gazette 2010-11-12T16:02:26Z)

Trembley, Braves agree to deal as coordinator

Carthage's Dave Trembley is returning to work in major league baseball but not as a coach or a manager. Trembley, who had been out of baseball since the Baltimore Orioles fired him as manager in June, has been hired by the Atlanta Braves to work as the ... (Source: WatertownDailyTimes.com 2010-11-12T09:50:12Z)

George Will: Why America has a red face

As he promised it would be, Barack Obama's presidency has been transformative, but not as he intended. Whether it lasts two or six more years, it is an exhausted volcano because its biggest consequence may already have happened: It has resuscitated the ... (Source: LimaOhio.com 2010-11-12T15:40:57Z)

Barack Obama ready to deal on Bush tax cut for wealthy

The White House signaled Wednesday that President Barack Obama is ready to cut a deal on the Bush-era tax cuts – accepting a temporary extension of the cuts for the wealthiest Americans to win renewal of tax breaks for middle-class taxpayers. Such a deal ... (Source: Politico.com 2010-11-11T13:11:49Z)

Dynegy Rises as Pritchard Says Blackstone May Boost Bid for Power Producer

Dynegy Inc ., the U.S. power producer with a shareholder vote scheduled Nov. 17 on a $540 million takeover by Blackstone Group LP , rose after a Pritchard Capital Partners analyst said the private equity firm may increase its $4.50-a-share offer to win ... (Source: Bloomberg 2010-11-12T16:23:54Z)

San Jose Sharks edge New York Islanders in shootout

On a team whose scoring touch has turned as cold as the ice it plays on, nobody was turning up his nose at a 2-1 shootout victory, even if it came against a New York Islanders team that went down to its ninth consecutive defeat. "Two points is two points ... (Source: San Jose Mercury News 2010-11-12T07:27:02Z)

NHL: San Jose 2, N.Y. Islanders 1 (SO)

SAN JOSE, Calif., Nov. 12 (UPI) -- Logan Couture's shootout goal Thursday gave the San Jose Sharks a 2-1 win over the New York Islanders. Couture scored in the first round of the shootout on a backhander that got past Dwayne Roloson. P.A. Parenteau's shot ... (Source: United Press International 2010-11-12T06:51:15Z)

American held for carrying bullets in Lahore

A 70-year-old US national has been arrested at the international airport in Lahore, after a cache of cartridges was found in his possession, a media report said. Gary George William was arrested on Thursday at the Allama Iqbal international airport after ... (Source: Hindustan Times 2010-11-12T04:56:43Z)

SemGroup debuts on NYSE

Complete coverage: Read all the stories and documents related to the SemGroup collapse. SemGroup Corp.'s new era on the New York Stock Exchange started out on a positive note Thursday. Tulsa-based SemGroup's stock, appearing as SEMG on the ticker, rose 44 ... (Source: Tulsa World 2010-11-12T15:55:16Z)

Dan Uggla hopes to stay in Florida, says Marlins broke off contract talks

MIAMI (AP) — Dan Uggla   (FSY) says he still hopes to reach an agreement on a long-term contract with the Florida Marlins , even though they've broken off negotiations. The second baseman spoke about the status of those talks during a conference call ... (Source: USA Today 2010-11-12T06:44:05Z)

Earthquakes beat Red Bulls to reach Eastern final

Chris Wondolowski scored in the 81st minute, giving the San Jose Earthquakes a 3-1 victory over the New York Red Bulls and Thierry Henry on Thursday night and a 3-2 aggregate win in the MLS Eastern Conference semifinal series. Bobby Convey scored twice ... (Source: San Francisco Gate 2010-11-05T05:33:39Z)

US man briefly detained at Lahore airport

ISLAMABAD: Pakistani authorities briefly detained an American man at the Lahore airport on Thursday for carrying 30 rounds of ammunition in his luggage, officials said. Airport officials in Lahore detained the man upon discovering the rounds in his bags ... (Source: Pakistani Newspaper 2010-11-12T04:06:36Z)

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