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, 6:42 am

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)

U.S. Puts 'Foot to the Pedal' on Asia Trade Deal, USTR Kirk Says

Nov. 14 (Bloomberg) -- The U.S. is pushing to complete trade talks with nine Asia-Pacific countries by late next year that lays the groundwork for a bigger agreement that includes China, Trade Representative Ron Kirk said. The U.S. aims to conclude the ... (Source: BusinessWeek 2010-11-14T06:56:02Z)

Carrefour Sells Thai Stores for $1.19 Billion

PARIS—French retail giant Carrefour S.A. Monday said it has sold its Thailand stores to Big C, a local subsidiary of its smaller rival Casino Guichard- Perrachon S.A., for an enterprise value of €868 million ($1.19 billion). The sale generated a flurry ... (Source: Wall Street Journal 2010-11-15T12:09:48Z)

Phillies, Contreras nearing two-year deal

PHILADELPHIA -- Jose Contreras is one free agent the Phillies want to see in red pinstripes in 2011. They could be close. ESPNDeportes.com reported Sunday night that the Phillies are nearing a two-year, $5 million contract with Contreras. The report also ... (Source: Major League Baseball 2010-11-15T06:26:13Z)

Reports: Eddie Bonine leaves Tigers, joins Phillies

Detroit — Eddie Bonine is officially an ex-Tiger. Fox Sports reported Friday afternoon that the right-hander had agreed to terms with the Phillies on a minor league deal. MLB.com followed up by reporting the Tigers made a "last-minute push" to bring him ... (Source: Detroit News 2010-11-13T02:25:12Z)

NHL: Flyers keep rolling with win over Panthers

Mike Richards and Claude Giroux scored two goals apiece and rookie Sergei Bobrovsky made 34 saves in the surging Philadelphia Flyers' 5-2 victory over the Florida Panthers on Saturday night. Scott Hartnell also scored for the Atlantic Division leading ... (Source: San Jose Mercury News 2010-11-14T06:41:43Z)

Newsweek CEO First Casualty of Deal with Daily Beast

No sooner did the ink dry on the Newsweek-Daily Beast merger, than it claimed its first casualty in what could be a tumultuous marriage between print and the Web. Newsweek CEO Tom Aschiem -- the Washington Post Co. holdover who had stayed on board after ... (Source: New York Post 2010-11-12T16:52:32Z)

Cox: Vanguard deal maintains DMC's community ties

Michigan Attorney General Mike Cox gave for-profit Vanguard Health Systems Inc. conditional approval Saturday to buy the nonprofit Detroit Medical Center. The attorney general's office released an 85-page report, in which Cox approved the $1.5 billion deal ... (Source: Detroit News 2010-11-15T06:33:22Z)

Peru to set free trade deals with Japan, SKorea

AFP - Peru will finish negotiating free trade deals with Japan and South Korea when President Alan Garcia visits both Asian nations this month, Foreign Minister Jose Garcia Belaunde said Wednesday. President Garcia, who will be in those countries November ... (Source: France 24 2010-11-11T02:49:03Z)

Nepal shelves 17th round of premier election after court order

Kathmandu - The Nepalese parliament's 17th attempt to elect a prime minister was postponed Monday as the country was faced not only with a political stalemate but also an expiring budget. The postponement of Monday's vote until Friday came as the ... (Source: Earthtimes 2010-11-15T12:24:07Z)

Nepal PM poll postponed, political parties set for budget deal

Nepal's 17th run-off poll for a new prime minister was put off today with no clear winner expected in Parliament as in the previous series of elections, but the political parties inched closer to a deal to approve the delayed budget amid fears of a ... (Source: Hindustan Times 2010-11-15T13:50:01Z)

PAC to seek clarification from PM on airplane purchase scandal

The Public Accounts Committee (PAC) of the legislative parliament on Monday decided to ask Prime Minister Madhav Kumar Nepal to furnish clarification vis-a-vis the controversial Nepal Airlines Corporation (NAC) airplane purchase deal. The PAC meeting urged ... (Source: Nepalnews.com 2010-11-15T10:22:26Z)

UPDATE: Carrefour Sells Thai Stores To Casino Unit Big C

PARIS (Dow Jones)--French retail giant Carrefour SA (CA.FR) Monday said it has sold its Thailand stores to Big C (BIGC.TH), a local subsidiary of its smaller rival Casino Guichard Perrachon (CO.FR), for an enterprise value of EUR868 million, in a sale that ... (Source: Wall Street Journal 2010-11-15T10:36:45Z)

SKorea, Peru provisionally sign free trade deal

South Korea took another step forward in its ambitious free trade strategy Monday, agreeing the text of a pact with Peru as a much bigger accord with the United States remains snagged amid haggling over autos and beef. Negotiations for the South Korea-Peru ... (Source: AP - msnbc.com 2010-11-15T10:36:45Z)

Carrefour offers Thailand's businesses to Casino

PARIS, Nov. 15 (Xinhua) -- French leading retailer Carrefour announced on Monday the sale of its markets chains in Thailand to Big C, a subsidiary of Casino, a leading French food retailer, in move to focus on lucrative markets and boost growth. "Carrefour ... (Source: Xinhua News Agency 2010-11-15T11:26:51Z)

Gay Teenager Shames Adults With Public Showing of Intelligence, Compassion

Graeme Taylor, a fourteen-year-old high school student, took the podium at a school board meeting in Michigan to speak out in favor of Jay McDowell, a teacher suspended after a heated exchange with two students over the Confederate flag and gay rights ... (Source: Village Voice (blog) 2010-11-14T21:00:42Z)

Daily Beast, Newsweek reach deal to join

Newsweek, a 77-year-old magazine that once helped set the national news agenda, is linking its future with a startup website just two years in the making. Three months after agreeing to buy the money-losing weekly for $1, audio equipment magnate Sidney ... (Source: AP - msnbc.com 2010-11-12T22:28:59Z)

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: pressreleasepoint.com 2010-11-14T22:26:36Z)

Flyers sign Carter to 11-year, $58 million deal

The decision, Jeff Carter said, wasn't really a tough one. He could have signed a 1-year contract extension and tested the free agency waters in 2012 - or he could sign a long-term deal with the Flyers now, most likely becoming a Flyer for life. On ... (Source: Philadelphia Daily News 2010-11-15T07:59:16Z)

S.Korea, Peru sign FTA

SEOUL - SOUTH KOREA on Monday signed a free trade agreement with Peru, the latest in a series of such deals by Seoul as its trade pact with Washington remains stalled. The deal was initialled by the two countries' trade ministers in the presence of ... (Source: Straits Times 2010-11-15T03:55:53Z)

Jeff Carter, Flyers agree to long-term contract extension

The star forward signed a long contract extension on Saturday. Terms of the deal weren't announced, but multiple media reports said it is for 11 years and $58 million. The 25-year-old Carter could have become a restricted free agent on July 1. "He's an ... (Source: USA Today 2010-11-14T00:22:19Z)

U.S., Eight Asia Pacific Nations Aim for Trade Pact by 2012

Leaders met for the first time on Nov. 14 at a summit in Japan to discuss the Trans-Pacific Partnership (TPP) pact which would oblige members to scrap tariffs and other trade barriers. The group did not include China -- the world's number-two economy and ... (Source: Industry Week 2010-11-15T12:38:26Z)

Contreras coming back?

While nearly all of the talk concerning the Phillies lately has been centered on Jayson Werth, the team's bigger objective this winter is to restock the bullpen. The Phils have only three veteran relievers signed for 2011, in Brad Lidge, Ryan Madson and ... (Source: Delaware County Daily Times 2010-11-15T12:02:39Z)

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)

Cox: DMC, Vanguard deal could save a struggling institution

The sale of the Detroit Medical Center to a for-profit Nashville 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 today, Mike Cox ... (Source: Detroit Free Press 2010-11-13T19:28:50Z)

Japan is test case for Pac Rim free trade zone

Although Asia-Pacific leaders have committed themselves to achieving a Pacific-wide free trade zone following an annual summit, host Japan may prove a key test case for how realistic that vision is. Acknowledging that Japan's economic power is declining ... (Source: AP - msnbc.com 2010-11-15T06:26:13Z)

Newsweek, Daily Beast Reach Deal to Merge

NEW YORK -- Newsweek, a 77-year-old magazine that once helped set the national news agenda, is linking its future with a startup website just two years in the making. Three months after agreeing to buy the money-losing weekly for just $1, audio equipment ... (Source: FOX News 2010-11-12T14:07:54Z)

Situation in Michigan exposes the religious right's greatest fear - strong lgbt youth

An amazing and positive incident took place recently in Michigan : Jay McDowell, a teacher in Howell, Michigan, was temporarily suspended without pay earlier this month after telling a student wearing a Confederate flag and a student making anti-gay ... (Source: Huffingtonpost.com 2010-11-15T12:45:36Z)

AG Mike Cox conditionally approves DMC-Vanguard deal

DETROIT (AP) — 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 ... (Source: Crain's Detroit Business 2010-11-15T02:01:21Z)

Fourteen-Year-Old Michigan Student Awesomely Stands Up for Suspended, Gay-Defending Teacher

Jay McDowell, a teacher in Howell, Michigan, was temporarily suspended without pay earlier this month after telling a student wearing a Confederate flag and a student making anti-gay remarks to get out of his class. At a school-board meeting on Friday ... (Source: Nymag.com 2010-11-15T05:07:28Z)

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