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 16, 2010, 12:40 am

No. 2 Baylor ready to challenge No.1 UConn

STORRS, Conn. (AP)—Both Connecticut coach Geno Auriemma and Baylor's Kim Mulkey head into Tuesday's showdown between the nation's top two women's teams insisting that a loss would not be that big of a deal. No. 2 Baylor has a chance to snap the t ... (Source: Collegebaseball.rivals.com 2010-11-15T20:02:15Z)

Caterpillar digs deep in $7.6 billion deal for Bucyrus

NEW YORK - Caterpillar, the world's largest construction and mining equipment maker, moved aggressively to capitalize on demand in emerging markets Monday with a $7.6 billion buyout of Bucyrus International. Bucyrus makes surface mining equipment used for ... (Source: AZCentral.com 2010-11-16T02:14:29Z)

Dynegy, Blackstone Defend Deal Against Activist Shareholders

NEW YORK (Dow Jones)--Dynegy Inc.'s (DYN) board of directors reaffirmed its support for the buyout offer from Blackstone Group L.P. (BX) Monday, saying that Carl Icahn's credit offer doesn't resolve the power company's liquidity issues. Blackstone also ... (Source: Wall Street Journal 2010-11-15T13:42:52Z)

UPDATE 7-Caterpillar buying Bucyrus in big bet on mining

DETROIT/PROVIDENCE, R.I., Nov 15 (Reuters) - Caterpillar Inc (CAT.N: Quote , Profile , Research , Stock Buzz ) staked a claim in the booming global mining industry with a $7.6 billion deal to buy Bucyrus International Inc (BUCY.O: Quote , Profile ... (Source: Yahoo Finance 2010-11-15T22:54:03Z)

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)

Dynegy responds to opposition to Blackstone deal

HOUSTON (KTRK) -- Dynegy Inc. said Monday a proposal to take the company private by a buyout firm would protect shareholders from "substantial continuing risk" to commodity prices. The Houston electricity producer sent a letter to its stockholders in ... (Source: KABC 2010-11-15T19:55:06Z)

No. 1 Connecticut not focusing on streak in showdown against No. 2 Baylor

STORRS, Conn. — Both Connecticut coach Geno Auriemma and Baylor's Kim Mulkey head into Tuesday's showdown between the nation's top two women's teams insisting that a loss would not be that big of a deal. No. 2 Baylor has a chance to snap the top-ranked ... (Source: Republic 2010-11-15T19:40:47Z)

Warriors update: New owners preaching patience

The backdrop at the introduction of new Warriors owners Joe Lacob and Peter Guber was a picturesque view of the Bay: clear skies, the Bay Bridge, the foliage of Treasure Island. The setting: an upscale luncheon at the Epic Roasthouse. And the message, it ... (Source: San Jose Mercury News 2010-11-16T06:10:42Z)

Hana Decision on KEB Stake Likely Next Week

SEOUL—South Korea's Hana Financial Group Inc. said it has a preliminary agreement to buy a controlling stake in Korea Exchange Bank from Lone Star Funds, a deal worth about $4 billion that may be finalized next week. The agreement thwarts a rival attempt ... (Source: Wall Street Journal 2010-11-16T06:03:33Z)

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 2010-11-15T14:32:58Z)

New Orleans Hornets Travel To Dallas Mavericks Live Now!

Kaka is set to leave Real Madrid in January, according to reports in Spain this week. The news will spark a bidding war among some of Europe's biggest clubs. Barcelona full-back Daniel Alves says he is hopeful of signing a new deal at the Camp Nou very ... (Source: World-Track and Field Website 2010-11-16T01:10:04Z)

Seoul shares down; Hana, KEB open up on sale report

SEOUL Nov 16 (Reuters) - Seoul shares opened down on Tuesday after losses on Wall Street, but shares in Hana Financial Group ( 086790.KS ) and Korea Exchange Bank ( 004940.KS ) rose after reports Lone Star Funds plans to sell its stake in KEB to Hana. The ... (Source: Reuters UK 2010-11-16T00:05:38Z)

UPDATE 2-BHP not giving up on large deals; has no regrets

PERTH, Australia, Nov 16 (Reuters) - Global miner BHP Billiton ( BHP.AX ) has not given up on large acquisitions and does not regret spending $875 million pursuing three massive deals that failed over the past two years, its chairman said on Tuesday ... (Source: Reuters 2010-11-16T04:44:48Z)

NBA roundup: Dallas Mavericks deal New Orleans Hornets their first loss of the season

Jason Terry scored 26 points, including the go-ahead jumper in the final minute, and the Dallas Mavericks handed the visiting New Orleans Hornets their first loss of the season, 98-95 on Monday night. New Orleans, which had been off to a franchise-best 8-0 ... (Source: Inside Bay Area 2010-11-16T05:06:17Z)

Hana in prelim deal with Lone Star to buy KEB-source

SEOUL Nov 16 (Reuters) - South Korea's Hana Financial Group ( 086790.KS ) has signed a non-binding preliminary agreement with private equity firm Lone Star to buy a controlling stake in Korea Exchange Bank (KEB) ( 004940.KS ), a source said on Tuesday. "It ... (Source: Reuters 2010-11-15T23:58:29Z)

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)

Loehmann's Holdings Files Bankruptcy With Restructuring Deal

Nov. 15 (Bloomberg) -- Loehmann's Holdings Inc., the seller of discounted designer goods, negotiated a restructuring plan with owner Istithmar Retail Investments and noteholder Whippoorwill Associates Inc. before filing for bankruptcy. Loehmann's ... (Source: BusinessWeek 2010-11-16T02:21:38Z)

BHP to continue pursuing large deals after Potash

PERTH (MarketWatch) -- BHP Billiton Ltd. (NYSE:BHP) will continue to pursue large acquisitions in the wake of its failed US$39 billion bid for Potash Corp. of Saskatchewan Inc. (NYSE:POT) , Chairman Jac Nasser said Tuesday. "We're not about to change from ... (Source: Marketwatch 2010-11-16T05:13:26Z)

CORRECTED-UPDATE 7-Caterpillar buying Bucyrus in bet on mining

DETROIT/PROVIDENCE, R.I., Nov 15 (Reuters) - Caterpillar Inc ( CAT.N ) staked a larger claim in the booming global mining industry with a $7.6 billion deal to buy Bucyrus International Inc ( BUCY.O ), the biggest acquisition in its 85-year history. The ... (Source: Reuters 2010-11-16T00:27:07Z)

Black Friday: How to Handle the Best Christmas Shopping Day If You Don't like Friday

Black Friday, the day after Christmas, is known for some great deals, large crowds and early mornings. With a little planning, anyone can take advantage of the bargains offered this year on Black Friday. The good news is that it isn't really the busiest ... (Source: Associated Content 2010-11-16T05:20:36Z)

UPDATE 2-AMP, AXA SA launch $13.1 bln bid for AXA Asia Pacific

MELBOURNE/SYDNEY, Nov 15 (Reuters) - Australian wealth manager AMP ( AMP.AX ) and French insurer AXA SA ( AXAF.PA ) launched a $13.1 billion-plus bid for AXA Asia Pacific to close one of Asia's largest takeovers that has dragged on for a year. A deal would ... (Source: Reuters 2010-11-15T02:29:59Z)

BHP does not regret money invested in scrapped deals

PERTH (Reuters) - Global miner BHP Billiton ( BHP.AX ) does not regret spending $875 million pursuing three massive deals that failed over the past two years, as the transactions could have had huge returns, its top officials said on Tuesday. BHP ( BLT.L ... (Source: Reuters 2010-11-16T03:33:13Z)

No big changes expected immediately for Warriors

OAKLAND, Calif. - The backdrop at the introduction of new Golden State Warriors owners Joe Lacob and Peter Guber was a picturesque view of the Bay: clear skies, the Bay Bridge, the foliage of Treasure Island. The setting: an upscale luncheon at the Epic ... (Source: Sacramento Bee 2010-11-16T07:50:55Z)

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)

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)

Mavericks deal Hornets their 1st loss

Jason Terry scored 26 points, including the go-ahead jumper in the final minute, and the host Dallas Mavericks handed the New Orleans Hornets their first loss of the season, 98-95 on Monday night. New Orleans, which had been off to a franchise-best 8-0 ... (Source: San Francisco Gate 2010-11-16T08:19:33Z)

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)

AMP resumes talks over $10 billion AXA-Asia Pacific bid

SYDNEY (Reuters) - Australian wealth manager AMP has resumed $10 billion-plus talks to buy AXA Asia Pacific, the target company confirmed on Friday, although a source said both sides were a long way from agreeing on a deal. Analysts remain skeptical about ... (Source: Reuters 2010-11-05T04:14:54Z)

NBA approves sale of Warriors to Joe Lacob and Peter Guber

NEW YORK, Nov. 12, 2010 -- The sale of the NBA's Golden State Warriors to a group led by Joe Lacob and Peter Guber has been completed following unanimous approval from the NBA's Board of Governors. "We are delighted to welcome Joe Lacob and Peter Guber as ... (Source: NBA 2010-11-14T01:55:23Z)

College Basketball: Owls moving up on No. 1 Duke

The first poll of college basketball's regular season looks a lot like the preseason Top 25. Defending national champion Duke was a runaway No. 1 on Monday, receiving 58 first-place votes, three more than it had in the Associated Press' preseason rankings ... (Source: Philadelphia Daily News 2010-11-16T07:58:05Z)

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