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 15, 2010, 11:41 am

ArcelorMittal, Baffinland send offer to shareholders

LONDON: ArcelorMittal and Baffinland Iron Mines Corporation on Sunday said they have sent a detailed version of the USD 431 million takeover bid by the world's largest steel producer to Baffinland security holders. Baffinland securityholders were mailed ... (Source: Economic Times 2010-11-14T10:30:47Z)

Ahold Is The Last Remaining Bidder For Lion Capital's Hema - Report

Ahold is the last remaining bidder for Dutch retailer Hema , according to Reuters citing Dutch daily Het Financieele Dagblad . In September, British-based Lion Capital LLP said it was exploring the potential sale of the business. (Reuters) - Dutch ... (Source: Private Equity Hub 2010-11-15T12:52:45Z)

Apple hints at an 'exciting' iTunes announcement coming Tuesday

Apple has launched a cryptic teaser page on its website that hints at an "exciting" iTunes announcement coming tomorrow. According to the teaser page, the Cupertino company will make its big announcement on Tuesday at 10AM New York time, 7AM California ... (Source: Intomobile.com 2010-11-15T16:48:59Z)

Detroit owner Ilitch talks Pistons sale, Red Wings in the Palace

TORONTO -- Mike Ilitch, owner of the Detroit Red Wings and Detroit Tigers , continues to work towards adding the Detroit Pistons and their related properties to his sports and entertainment portfolio. "We're getting close -- real close," Ilitch said Monday ... (Source: YAHOO! 2010-11-09T01:39:50Z)

Holiday hiring mood is muted

With holiday sales expected to be up only slightly this year, the bulk of the nation's retailers plan to keep seasonal hiring in check as well. That's dreary news for the nation's unemployed, where even a temporary job can ease the family budget. But the ... (Source: Minneapolis Star Tribune 2010-11-15T04:24:31Z)

Illitch says he's closing in on Pistons sale

TORONTO - Mike Illitch says he's closing in on his third professional sports franchise. The owner of the Detroit Red Wings and Detroit Tigers acknowledged Monday night that he's hopeful the NBA's Detroit Pistons will soon become part of his impressive ... (Source: YAHOO! 2010-11-05T23:56:01Z)

Vanguard gets OK to buy Detroit hospital system

DETROIT — Michigan Attorney General Mike Cox has conditionally approved the proposed sale of the nonprofit Detroit Medical Center to for-profit Vanguard Health Systems Inc. Cox said in a release Saturday that the sale to Nashville-based Vanguard will put ... (Source: Nashville Tennessean 2010-11-15T11:34:01Z)

Anglo American announces sale of Moly-Cop and AltaSteel to OneSteel for $932 million

Anglo American plc ("Anglo American") announces that it has agreed to sell Moly-Cop and AltaSteel (the "Business") to OneSteel Limited ("OneSteel) for a total consideration of $932 million on a debt and cash free basis. The Business consists of ... (Source: WebWire 2010-11-15T15:30:14Z)

5 Things We Want to See in the New Apple iTunes

Apple promises an 'exciting announcement' tomorrow. If we're getting a major iTunes revamp (fingers crossed), here's what's on our wish list. From the looks of it , Apple has something major up its sleeve for its iTunes Store and media-management software ... (Source: PC Magazine 2010-11-15T19:33:37Z)

Anglo American sells steel units in Chile, Canada

Mining company Anglo American says it is selling two steel businesses in the Americas to OneSteel Ltd. of Australia for $932 million. Anglo American said Monday that the sale is part of a process of focusing on its core commodities businesses. OneSteel is ... (Source: AP - msnbc.com 2010-11-15T08:13:35Z)

Canada to Give Investors 'Guidance' After BHP Drops Potash Bid

Nov. 15 (Bloomberg) -- Canada will give investors more clarity on foreign ownership restrictions after BHP Billiton Ltd. withdrew its hostile $40 billion offer for Potash Corp. of Saskatchewan Inc. following an initial rejection. "The government will be ... (Source: BusinessWeek 2010-11-15T05:14:38Z)

Anglo American to sell steel operations to Australian OneSteel

British miner Anglo American (LON:AAL) said it has agreed to sell its Chilean grinding media unit Moly-Cop and its Canadian steel mini-mill AltaSteel to Australian OneSteel (ASX:OST) for USD932m (EUR683.7m) as part of its previously announced divestment ... (Source: TradingMarkets.com 2010-11-15T11:19:42Z)

Amazon.com says it will match Wal-Mart's free shipping offer

Amazon.com says it isn't going to be one-upped in the holiday retail war. After Wal-Mart, the nation's largest retailer, said in a surprise announcement Thursday that it would offer free shipping with no minimum purchase or subscription fee for the ... (Source: Los Angeles Times 2010-11-13T21:09:03Z)

BHP kills Potash Corp bid, revives $4.2 billion buyback

BHP Billiton scrapped its $39 billion bid for Canada's Potash Corp and bowed to calls from investors to return cash, a move that came days after regulators blocked the year's biggest takeover deal. BHP, conceding defeat for the third straight time on a ... (Source: msnbc.com 2010-11-15T18:36:21Z)

Michigan AG approves hospital sale to Vanguard

DETROIT — Michigan Attorney General Mike Cox has conditionally approved the proposed sale of the nonprofit Detroit Medical Center to for-profit Vanguard Health Systems Inc. Cox said in a release Saturday the sale to Nashville, Tenn.-based Vanguard will ... (Source: Knoxville News Sentinel 2010-11-15T16:13:11Z)

Wal-Mart offers holiday shoppers free shipping for online purchases

Not content to just lower prices, Wal-Mart Stores Inc. is upping the ante this holiday season by eliminating something that online shoppers dread: shipping costs. The nation's largest retailer announced Thursday that it would offer free shipping on about ... (Source: Los Angeles Times 2010-11-12T02:47:52Z)

School state aid would increase under new plan

MADISON, Wis. (AP) -- Nearly every Wisconsin school district would get an increase in state aid under a dramatically rewritten formula that is being received warmly by Republican leaders despite concerns over its cost. The formula that determines how much ... (Source: WEAU-TV 13 2010-11-15T16:20:21Z)

ArcelorMittal and Baffinland Announce Mailing of ArcelorMittal Offer and Take-Over Bid Circular ...

January 2007 (the "2007 Warrants"). Under the Offer, holders of Common Shares will receive C$1.10 in cash per share and holders of 2007 Warrants will receive C$0.10 in cash per warrant. The Offer, which values Baffinland's equity at C$433 million on ... (Source: Euroinvestor 2010-11-14T02:31:10Z)

Mike Cox OKs Vanguard's purchase of the Detroit Medical Center

The sale of the Detroit Medical Center to a for-profit Nashville, Tenn., firm is fair, protects community commitments and saves an institution with an uncertain future, Michigan's attorney general has concluded. In an exhaustive report released Saturday ... (Source: Detroit Free Press 2010-11-15T09:03:41Z)

State Sen. Meeks announces run for Chicago mayor

Illinois state Sen. James Meeks says he's running for mayor of Chicago. Meeks made the announcement Sunday at the University of Illinois at Chicago. The state senator is also pastor of a megachurch on the South Side. He's the third candidate to officially ... (Source: AP - msnbc.com 2010-11-15T01:39:53Z)

DPI head announces school funding plan

-- Ninety-three percent of Wisconsin's public schools would get more state aid under a major funding plan being announced today. State superintendent Tony Evers says each student would be guaranteed three-thousand dollars in state funding. (Source: Pierce County Herald 2010-11-15T16:13:11Z)

Ahold last remaining bidder for retailer Hema -paper

AMSTERDAM Nov 15 (Reuters) - Dutch supermarket group Ahold ( AHLN.AS ) is the last remaining bidder for Dutch retailer Hema, put up for sale by private equity group Lion Capital, but is still to decide whether to push ahead with a deal, a newspaper ... (Source: Reuters India 2010-11-15T06:54:51Z)

Mike Ilitch: Pistons sale is 'getting close'

The sale of the Detroit Pistons to Tigers and Red Wings owner Mike Ilitch is progressing, Ilitch told the Detroit Free Press on Monday . "We're getting close," Ilitch said in Toronto, where he was attending the Hockey Hall of Fame induction ceremonies. Red ... (Source: Sporting News 2010-11-09T08:20:42Z)

Massey Board Said to Decide Next Week on Whether to Pursue Sale

Nov. 15 (Bloomberg) -- Massey Energy Co.'s board of directors plans to meet next week to decide if the company should put itself up for sale after inquiries from potential buyers, said three people with knowledge of the matter. The Nov. 21 to Nov. 23 ... (Source: BusinessWeek 2010-11-15T04:03:03Z)

US Rep. Danny Davis announces candidacy for mayor of Chicago, has backing of black leaders

CHICAGO - The field of candidates hoping to be mayor of Chicago is growing: Illinois Congressman Danny Davis has formally announced he's running. Davis' Sunday announcement comes the day after former White House chief of staff Rahm Emanuel officially ... (Source: Minneapolis Star Tribune 2010-11-14T16:57:19Z)

BHP Resumes Buyback, Abandons $40 Billion Potash Bid

Nov. 15 (Bloomberg) -- BHP Billiton Ltd., the world's largest mining company, resumed a share buyback after abandoning its hostile $40 billion takeover offer for Canada's Potash Corp. of Saskatchewan Inc. in the face of government opposition. BHP will ... (Source: BusinessWeek 2010-11-15T17:24:46Z)

Ahold said to be only suitor for Dutch Hema

Netherlands' biggest retailer Ahold (AMS:AH) has remained the only suitor for local sector company Hema, which private equity company Lion Capital has put for sale, Dutch daily Het Financieele Dagblad said on Monday. However, Ahold has not yet decided ... (Source: TradingMarkets.com 2010-11-15T11:34:01Z)

The best Guesses for Apple iTunes Announcement

As reported earlier, Apple has published on the homepage a cryptic announcement that is somehow related to iTunes. This is one of the very few times that the Apple rumor mill has no real clue what Apple is going to announce tomorrow at 10am EST. Initial ... (Source: I4U 2010-11-15T19:19:18Z)

Gloves Are Off in Chicago Race

The loyalty of those supporters is up for grabs, boding a political free-for-all Chicago hasn't seen since the 1980s, during the interregnum between Mr. Daley's father, Richard J. Daley, and the son. That period left Chicago so politically fractured and ... (Source: Wall Street Journal 2010-11-15T01:25:34Z)

State school district aid announcement today

WISCONSIN (WFRV) - There could be good news coming soon for nearly every Wisconsin school district. State Superintendent Tony Evers is unveiling his plan today to rework the funding formula. It calls for adding $420 million dollars in funding while it ... (Source: CBS 5 - Green Bay 2010-11-15T11:26:51Z)

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