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, 1:43 am

Cerabino: Truck plus AK-47: Deal to die for

You might be in Florida if the pickup truck you buy comes with a free AK-47 assault rifle. "We figured we'd come up with something different," said Nick Ginetta, the sales manager at Nations Trucks, a used-truck dealer in Central Florida. "We've already ... (Source: Palm Beach Interactive 2010-11-16T00:41:26Z)

Dealer offers free AK-47 for truck buyers

General sales manager Nick Ginetta says that since the promotion was announced on Veterans Day, business has more than doubled at Nations Trucks in Sanford. Customers would have to pass a background check before using the $400 gun shop voucher. They also ... (Source: msnbc.com 2010-11-15T21:28:09Z)

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)

Haley Sets Up Fiscal Crisis Task Force

COLUMBIA, S.C. -- Gov.-elect Nikki Haley is asking a fiscal crisis task force to come up with ideas to deal with a looming state budget crisis that could top $1 billion. Estimates show the state's $5 billion budget faces a $1 billion hole in July and ... (Source: WYFF4.com 2010-11-16T03:47:32Z)

Rally held to ask Wis. gov-elect to back rail line

Labor leaders and politicians rallied Monday in support of a high-speed rail project, mocking Wisconsin Republican Gov.-elect Scott Walker's efforts to scuttle the deal by refusing the $810 million in federal stimulus funding. Activists gathered at the ... (Source: AP - msnbc.com 2010-11-16T03:47:32Z)

Mayer Brown Reps Caterpillar In $8.6B Bucyrus Deal

Law360, New York (November 15, 2010) -- Caterpillar Inc. said Monday it has agreed to buy Bucyrus International Inc. in a deal valued at $8.6 billion, as the world's largest manufacturer of construction and mining equipment seeks to expand its reach in the ... (Source: site.law360.com 2010-11-15T21:06:41Z)

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) 2010-11-16T07:22:17Z)

Energy stocks edge up on deals, crude's rise

NEW YORK (MarketWatch) — Energy stocks traded flat to higher Monday on fresh deal-making and an oil discovery by Anadarko Petroleum Corp., as crude-oil prices strengthened. Crude-oil prices advanced 0.8% to $85.52 a barrel, adding support to energy ... (Source: MENAFN 2010-11-16T07:50:55Z)

Hana in talks to buy KEB for $4.1 billion

By Lee Chang-Ho and Denny Thomas SEOUL/HONG KONG (Reuters) - Hana Financial Group <086790.KS> is in talks with private equity firm Lone Star to buy a $4.1 billion stake in Korea Exchange Bank <004940.KS>, elbowing aside rival suitor Australia and New ... (Source: msnbc.com 2010-11-16T09:09:40Z)

Wal-Mart expands Black Friday hours, unveils deals

Wal-Mart 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. The world ... (Source: AP - msnbc.com 2010-11-15T14:54:27Z)

Williams to spend $925M on North Dakota oil fields

Natural gas producer Williams Companies Inc. said Monday it plans to spend $925 million in cash to acquire oil fields on the Fort Berthold Indian Reservation in North Dakota, in a move to acquire a major position in the state's Bakken Shale area. The deal ... (Source: BusinessWeek 2010-11-15T14:32:58Z)

U.S. stocks lifted by retail sales, Caterpillar deal

NEW YORK (MarketWatch) — U.S. stocks on Monday climbed for the first session in three after retail sales for October proved better than expected and equipment maker Caterpillar Inc. made a big move on the M&A front. "Retail sales were decent, and talk ... (Source: Marketwatch 2010-11-15T17:46:15Z)

Israel looks to build support for US deal

JERUSALEM — Prime Minister Benjamin Netanyahu was scrambling yesterday to secure enough Cabinet votes to pass a US proposal to halt West Bank settlement construction for 90 days, aimed at restarting peace talks with the Palestinians. Netanyahu is under ... (Source: Boston Globe 2010-11-16T09:16:49Z)

Task force told to mend South Carolina budget

COLUMBIA --- Gov.-elect Nikki Haley set up a fiscal crisis task force on Monday to come up with ideas to deal with a looming state budget crisis that could top $1 billion. Haley said she has worked since the election to get a handle on the state's problems ... (Source: Augusta Chronicle 2010-11-16T05:49:14Z)

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 2010-11-16T01:17:13Z)

Caterpillar agrees to buy Bucyrus

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 coal ... (Source: St. Louis Post-Dispatch 2010-11-16T04:59:07Z)

Wis. high-speed rail supporters hold rally to ask governor-elect to reconsider his opposition

MILWAUKEE — Labor leaders and politicians rallied Monday in support of a high-speed rail project, mocking Wisconsin Republican Gov.-elect Scott Walker's to scuttle the deal and to turn down the $810 million in federal stimulus funding and hundreds of ... (Source: Washington Examiner 2010-11-15T21:42:28Z)

Truck dealer offers AK-47 voucher w/ purchase

SANFORD, Fla. (KABC) -- A Florida truck dealer is offering a new incentive to boost sales. It's not zero percent financing--it's an AK-47. Buyers get a voucher for an AK-47 assault rifle if they buy a truck from Nick Ginetta. Not everyone likes the idea ... (Source: KABC 2010-11-16T03:54:42Z)

Haley picks Tom Davis for budget task force

COLUMBIA -- Gov.-elect Nikki Haley selected state Sen. Tom Davis, R-Beaufort, and four others for a new fiscal crisis task force charged with finding ways to deal with a looming state budget crisis that could top $1 billion. Haley announced the group ... (Source: Island Packet Online 2010-11-16T02:21:38Z)

Labor leaders ask Walker to rethink rail position

MILWAUKEE (AP) - Labor leaders and politicians rallied Monday in support of a high-speed rail project, mocking Republican Gov.-elect Scott Walker's efforts to scuttle the deal by refusing the $810 million in federal stimulus funding. Activists gathered at ... (Source: Winona Daily News 2010-11-16T05:34:55Z)

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 2010-11-15T14:47:17Z)

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)

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)

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)

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)

Caterpillar digs deep in $7.6B deal for Bucyrus

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 coal ... (Source: AP - msnbc.com 2010-11-15T23:08:22Z)

Williams investment to boost crude oil profile

TULSA — Williams Cos. Inc. will diversify more deeply into crude oil exploration and production through its $925 million purchase of North Dakota acreage, the Tulsa company said Monday. Williams, primarily a natural gas company, said a quarter of its ... (Source: Daily Oklahoman 2010-11-16T06:03:33Z)

UPDATE 2-Loehmann's files for bankruptcy, to cut $115 mln debt

BANGALORE, Nov 15 (Reuters) - Off-price retailer Loehmann's [ARCABL.UL] filed for bankruptcy in a Manhattan court early on Monday under a prearranged deal to reduce its debt by $115 million. Loehmann's current owner, Istithmar, a unit of Dubai World [DBWLD ... (Source: Reuters India 2010-11-15T12:16:58Z)

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)

U.S. deal would allow Israel some West Bank building

Jerusalem — Israel would be allowed to finish hundreds of homes already under construction in West Bank settlements even if it agrees to a U.S.-drafted deal to renew a freeze on new construction, a diplomat familiar with the details said today. The U.S ... (Source: Detroit News 2010-11-16T04:51:58Z)

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