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, 3:42 pm

Discount retailer Loehmann's files for bankruptcy

U.S. discount retailer Loehmann's is filing for bankruptcy after its Dubai government-linked owner failed to reach a debt-extension deal with creditors. Loehmann's says the filing Monday in the U.S. Bankruptcy Court for the Southern District of New York is ... (Source: AP - msnbc.com 2010-11-15T22:32:35Z)

Axa Asia Chairman, Directors Recommend Axa SA, AMP Bid

(Updates with comment from Axa Asia Pacific Chairman in third paragraph.) Nov. 16 (Bloomberg) -- Axa Asia Pacific Holdings Ltd.'s chairman and majority of directors have recommended investors accept a sweetened takeover offer of at least A$13.3 billion ... (Source: BusinessWeek 2010-11-15T23:22:41Z)

Colts fend off Bengals

I NDIANAPOLIS -- The Indianapolis Colts overcame a subpar offensive performance with a superior defensive one to climb to a spot alone atop the AFC East with a 6-3 record. The Colts held off a determined, if largely ineffective Cincinnati push to top the ... (Source: Boston Herald 2010-11-15T11:12:32Z)

Colts 23, Bengals 17

INDIANAPOLIS — The Colts don't need Peyton Manning playing at an MVP level to win every game. On Sunday, an old formula of defense and turnovers worked fine. Indy overcame Manning's season-low 185 yards by scoring 17 points off five turnovers and ... (Source: St. Petersburg Times 2010-11-15T00:49:46Z)

Analysis: Canada needs damage control after snub to BHP

The ghost of BHP Billiton's $39 billion offer for Potash Corp will haunt Ottawa until it has clear rules on foreign takeovers and can persuade investors that a pro-business reputation remains intact. Canada, which blocked the bid last Wednesday, said BHP ... (Source: msnbc.com 2010-11-15T18:36:21Z)

AMP Bids for AXA Asia

SYDNEY—AXA Asia Pacific Holdings Ltd. is considering a new takeover proposal from French parent AXA SA and AMP Ltd. that may conclude a year-long battle for the wealth manager. A deal would be a coup for AMP, whose previous bid was rejected by the target ... (Source: Wall Street Journal 2010-11-15T13:14:14Z)

Will Israel Accept America's Offer?

Israeli Prime Minister Benjamin Netanyahu is trying to convince his right-wing coalition to support a 90-day settlement construction freeze in exchange for security incentives. The Israeli security cabinet would have to give final approval. A vote could ... (Source: FOXNews (blog) 2010-11-15T22:46:54Z)

EMC acquiring Isilon in $2.25B deal

EMC Corp. (NYSE: EMC) is acquiring Seattle-based Isilon Systems Inc. (Nasdaq: ISLN) for $2.25 billion, the companies announced Monday. Under terms of the agreement, Massachusetts-based EMC will pay $33.85 per share for Isilon, a deal that will consolidate ... (Source: Birmingham Business Journal 2010-11-15T14:11:30Z)

UPDATE: EMC Buying Isilon In Latest Data-Storage Deal >EMC

EMC Corp. (EMC) on Monday said it has signed a $2.25 billion deal to acquire Isilon Systems Inc. (ISLN) in yet another step in the consolidation of the increasingly important data storage industry. The price represented a premium of nearly 29% over Isilon ... (Source: Wall Street Journal 2010-11-15T14:32:58Z)

Discount Retailer Loehmann's Files for Bankruptcy Protection

Loehmann's Holdings Inc., filed for bankruptcy after failing to exchange $110 million of bonds, Bloomberg News reported. "The decline in economic conditions in several markets in which Loehmann's stores are concentrated, mainly California, the Northeast ... (Source: Daily Finance 2010-11-15T13:14:14Z)

Wall Street advances on deals, upbeat data

NEW YORK — Stocks rose Monday following a spike in corporate dealmaking and news that retail sales jumped to the highest level in seven months in October. Consumer spending rose 1.2 percent last month thanks to higher demand for automobiles, the ... (Source: msnbc.com 2010-11-15T20:16:34Z)

TECH STOCKS: EMC 's Deal For Isilon Heats Up Tech Sector

SAN FRANCISCO (MarketWatch) -- Tech stocks finished mixed on Monday, with Isilon Systems Inc. shares leading the action after EMC Corp. said it would buy the data-storage-technology company in a deal worth $2.25 billion. Isilon (ISLN) shares climbed $7.48 ... (Source: NASDAQ 2010-11-15T21:06:41Z)

Discount retailer Loehmann's files for bankruptcy

DUBAI, United Arab Emirates - U.S. discount retailer Loehmann's is filing for Chapter 11 bankruptcy after its Dubai government-linked owner failed to reach a debt-extension deal with creditors. Loehmann's says the Chapter 11 filing Monday in the U.S ... (Source: Philadelphia Daily News 2010-11-15T21:42:28Z)

Wal-Mart to open most stores at midnight on Black Friday, plans $298 laptop, $198 TV deal

NEW YORK - Wal-Mart plans to open most of its stores at midnight on Thanksgiving night, the company said Monday, becoming the latest in a series of retailers to expand hours to lure in shoppers who want to get a head-start on holiday bargain shopping. The ... (Source: Minneapolis Star Tribune 2010-11-15T21:35:19Z)

Black Friday 2010 Ads Alert 2010 Leak Site; Best Buy, Walmart, Sears Kmart & Target

Black Friday alert! Black Friday 2010 is coming, and everybody wants to be in on the deal. Best Buy, Walmart, Target, Kmart, Sears & Lowes all have 2010 Black Friday ads that have been leaked to the internet. This year Black Friday falls on Friday, Nov. 26 ... (Source: Post Chronicle 2010-11-15T23:15:32Z)

Wal-Mart's Black Friday 2010 ad: Electronics top deals

NEW YORK (CNNMoney.com) -- Wal-Mart's highly-awaited Black Friday ad promises hot deals on high-definition TVs, Blu-ray players, laptops and holiday gift favorites such as toys and DVDs, according to a copy of the retailer's circular obtained by CNNMoney ... (Source: CNN Money 2010-11-14T00:50:57Z)

West Bank settlement freeze not a done deal, source says

Jerusalem (CNN) -- As optimism flowed from U.S. leaders over the prospect of a settlement freeze in the West Bank, an Israeli government source on Monday tapped the brakes, saying that an agreement over such a freeze still had not been reached. On Sunday ... (Source: CNN 2010-11-15T19:47:56Z)

Walmart will start Black Friday deals at midnight; see leaked sales

GRAND RAPIDS -- If you were looking for somewhere to shop between a 10 p.m. opening at Toys "R" Us on Thanksgiving Day and Kohl's 3 a.m. opening on Black Friday, Walmart is offering midnight deals. The world's largest retailer plans to offer special deals ... (Source: MLive.com 2010-11-15T14:54:27Z)

Strong retail sales, Caterpillar deal drive up Dow

NEW YORK — Stocks closed mixed Monday despite a spike in corporate dealmaking and news that retail sales jumped to the highest level in seven months in October. Consumer spending rose 1.2% last month thanks to higher demand for automobiles, the Commerce ... (Source: USA Today 2010-11-15T21:28:09Z)

EMC to buy data storage firm Isilon for $2.25 bln

* Isilon shares at $33.82 (Adds details on terms, other M&A deals in sector) NEW YORK, Nov 15 (Reuters) - EMC Corp, the world's biggest corporate data storage equipment maker, plans to buy smaller data storage firm Isilon Systems Inc for about $2.25 ... (Source: The Guardian 2010-11-15T14:25:49Z)

Christmas deals start early

MINNEAPOLIS -- The snow may have just started falling, but already, the Christmas shopping season is in full swing. Experts say retailers are rolling out the deals early this year to meet customer demand for bargains and a good shopping environment. "I ... (Source: msnbc.com 2010-11-15T00:42:37Z)

Axa SA, AMP Offer A$13.3 Billion in New Axa Asia Pacific Bid

Nov. 15 (Bloomberg) -- Axa SA, France's biggest insurer, and Australian asset manager AMP Ltd. bid at least A$13.3 billion ($13.1 billion) for Axa Asia Pacific Holdings Ltd. in Australia's largest financial services takeover in two years. The cash-and ... (Source: BusinessWeek 2010-11-15T04:24:31Z)

Bengals' turnovers propel Colts to rebound victory

INDIANAPOLIS -- The Indianapolis Colts don't need Peyton Manning playing at an MVP level to win every game. On Sunday, they found an old-fashioned formula -- defense and turnovers -- works just fine. The Colts overcame Manning's season-low 185 yards by ... (Source: CBS Sports 2010-11-15T01:04:05Z)

Fitch affirms BHP Billiton ratings as deal nixed

Fitch Ratings said Monday it affirmed BHP Billiton's 'A+' rating and said the company is no longer on watch for possible downgrade, a day after the Anglo-Australian miner withdrew its hostile takeover bid for fertilizer producer Potash Corp. of ... (Source: AP - msnbc.com 2010-11-15T16:34:40Z)

BHP Should Implement Plan B For Acquisitions

Now that BHP Billiton's bid for Canada's Potash Corp. of Saskatchewan is a long shot, the Anglo-Australian miner would be better off looking for smaller deals that strengthen its core business. One place to start is expanding its metallurgical coal, or met ... (Source: Wall Street Journal 2010-11-14T18:30:23Z)

Strong retail sales, Caterpillar deal drive stocks

Stocks rose Monday following a spike in corporate dealmaking and news that retail sales jumped to the highest level in seven months in October. Consumer spending rose 1.2 percent last month thanks to higher demand for automobiles, the Commerce Department ... (Source: AP - msnbc.com 2010-11-15T18:14:53Z)

CORRECTED - UPDATE 2-EMC to buy data storage firm Isilon for $2.25 bln

* Isilon shares at $33.82 (Corrects second-to-last paragraph to show that termination fee is $100 million, not $10 million) (Adds details on terms, other M&A deals in sector) NEW YORK, Nov 15 (Reuters) - EMC Corp ( EMC.N ), the world's biggest corporate ... (Source: Reuters UK 2010-11-15T15:30:14Z)

Walmart expands Black Friday hours, deals

NEW YORK - Walmart plans to open most of its stores at midnight the day after Thanksgiving, the company said Monday, becoming the latest in a series of retailers to expand hours to lure in shoppers who want to get a head-start on holiday bargain shopping ... (Source: AZCentral.com 2010-11-15T20:23:44Z)

EMC set to buy data storage firm Isilon: report

BANGALORE (Reuters) - EMC Corp (NYSE: EMC - News ) is expected to announce as early as Monday a deal to acquire data storage company Isilon Systems Inc (NasdaqGM: ISLN - News ), the New York Post reported. Exclusive talks between EMC and Isilon had in ... (Source: Yahoo Finance 2010-11-15T13:57:11Z)

Diplomat: US deal to allow some West Bank building

JERUSALEM -- A diplomat says Israel will be allowed to complete construction of hundreds of homes in West Bank settlements under a new U.S.-proposed settlement moratorium. The U.S. is pressing Israel to renew a settlement slowdown that expired in September ... (Source: Miami Herald 2010-11-15T11:12:32Z)

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