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 17, 2010, 1:43 am

Factbox: GM Raises IPO Price, Offers More Shares

NEW YORK (Reuters) - General Motors Co raised the price range for its initial public offering of common stock and added $1 billion to a preferred stock offering on Tuesday, according to regulatory filings. GM also is expected to file a another amendment ... (Source: ABC News 2010-11-17T03:10:34Z)

Westbrook agrees to 2-year deal with Cardinals

ORLANDO, Fla. -- Right-hander Jake Westbrook decided to stay with the St. Louis Cardinals , agreeing Tuesday to a $16.5 million, two-year contract. His deal, the first for a starting free-agent pitcher this offseason, includes an $8.5 million mutual option ... (Source: CBS Sports 2010-11-17T05:05:06Z)

BHP Billiton Blames Canadian Authorities for Potash Deal Failure

BHP Billiton ( BHP ) confirmed Monday morning that it had formally pulled out of efforts to buy Canada's PotashCorp (NYSE: POT ), blaming tough regulatory hurdles and stringent conditions set by the country's authorities for ultimately killing off any ... (Source: Seekingalpha.com 2010-11-16T15:21:54Z)

"No pain, no gain," BHP says after failed deals

Global miner BHP Billiton is still interested in big acquisitions and does not regret spending $875 million pursuing three major deals that collapsed in the past two years, its chairman said on Tuesday. "For me, the juice is worth the squeeze on every one ... (Source: msnbc.com 2010-11-16T08:41:02Z)

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)

Florida truck dealer gives away free AK-47 assault rifle with every purchase in honor of veterans

Car salesmen are known for trying anything to make a sale, but one Florida dealership's special offer has a shot at being the country's most outlandish. At Nations Trucks in Sanford , Fl., the deal is simple: "Buy a truck, get a free AK-47 ." "We wanted to ... (Source: New York Daily News 2010-11-17T02:41:56Z)

BHP's Three Failed Deals Won't Stop Pursuit of M&A

Nov. 16 (Bloomberg) -- BHP Billiton Ltd. Chief Executive Officer Marius Kloppers won't let three failed investments worth more than $100 billion prevent further takeover attempts. Finding big, buyable targets will be the difficulty. BHP, the world's ... (Source: BusinessWeek 2010-11-16T07:15:08Z)

Redskins may owe McNabb just $3.5M

LANDOVER, Md. -Nothing is straightforward about Donovan McNabb these days. It turns out the $40 million he is supposed to be guaranteed in his new contract could turn out to be a mere $3.5 million. McNabb's agent, Fletcher Smith, clarified some of the ... (Source: Arizona Daily Star 2010-11-17T06:59:38Z)

Canada, Ontario could raise $1-billion in GM IPO

The Canadian and Ontario governments could raise more than $1-billion in General Motors Co.'s initial public offering later this week after the bankers on the deal increased the price range on its shares to between US$32 and US$33 a share Tuesday. The ... (Source: The Vancouver Sun 2010-11-17T01:58:59Z)

GM Said to Increase IPO Size as Treasury, UAW Sell More Shares

Nov. 17 (Bloomberg) -- General Motors Co.'s initial public offering may raise $15.8 billion after the U.S. Treasury and United Auto Workers' retiree health-care trust increased the shares they are selling, two people familiar with the IPO said. The IPO ... (Source: BusinessWeek 2010-11-17T04:57:56Z)

Jake Westbrook agrees to a 2-yr., $16.5 million deal with Cardinals

ORLANDO (AP) — Right-hander Jake Westbrook   (FSY) decided to stay with the St. Louis Cardinals , agreeing Tuesday to a $16.5 million, two-year contract. His deal, the first for a starting free-agent pitcher this offseason, includes an $8.5 million ... (Source: USA Today 2010-11-17T04:00:40Z)

Accused County Exec Johnson Returns to Work; Federal Probe Widens

UPPER MARLBORO, Md. (November 16, 2010)—The incoming and outgoing county executives of Prince George's County each held brief press conferences Monday, one vowing to remain strong and finish the work he started, the other promising that criminal charges ... (Source: Southern Maryland Online 2010-11-17T02:13:18Z)

Controversial Truck Dealer Offers Free AK-47 With Truck Purchase - Why?

A truck dealer offers a free AK-47 with the purchase of a truck in Sanford, Florida. The Nations auto dealership posted the flyer advertising the free controversial gun right beside a copy of the Bill of Rights. The manager Nick Ginetta said that he is not ... (Source: Gather.com 2010-11-17T04:22:09Z)

South American Gangs Flying Vast Quantities Of Cocaine To Europe

U .S. investigators have identified a new trend in drug smuggling: South American gangs are buying old jets and flying the cocaine across the Atlantic to meet European demand. At least three gangs have struck deals to fly drugs to West Africa and from ... (Source: Free Internet Press 2010-11-16T03:47:32Z)

Anti-UN cholera riots spread in Haiti; 2 dead

PORT-AU-PRINCE, Haiti -- Anti-UN riots spread to several Haitian cities and towns Tuesday as protesters who blame Nepalese peacekeepers for an outbreak of cholera that has killed more than 1,000 people exchanged gunfire with United Nations soldiers and ... (Source: Detroit Free Press 2010-11-17T08:18:22Z)

Upsized GM IPO could be biggest deal ever

By Clare Baldwin and Soyoung Kim NEW YORK (Reuters) - General Motors Co <GM.UL> is boosting the size of its common stock offering by more than 30 percent to $15.5 billion, two people familiar with the matter said, potentially making its landmark IPO the ... (Source: msnbc.com 2010-11-17T00:47:24Z)

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)

Cholera spurs violent protest

PORT-AU-PRINCE, Haiti - An outbreak of cholera has killed more than 1,000 people, the Haitian government said Tuesday as it sent top officials to the country's north in hopes of quelling violent protests against U.N. peacekeepers accused of spreading the ... (Source: Philadelphia Daily News 2010-11-17T08:04:03Z)

FBI points to more bribes in Pr. George's

The owners of a Langley Park liquor store who were swept up as part of a broad corruption probe paid bribes to Prince George's County officials and hid $400,000 in cash in their closet, federal prosecutors said in court Tuesday. FBI wiretaps captured ... (Source: Washington Post 2010-11-17T07:21:06Z)

Toys R Us gives peek at 'Black Friday' discounts

Parents, start your engines. Toys R Us has unveiled over 100 discounted and exclusive toys it will offer beginning Thanksgiving Day, including a Justin Bieber doll, Lego sets and a "Toy Story 3" Buzz Lightyear figure. For the first time, the deals are ... (Source: AP - msnbc.com 2010-11-17T03:32:02Z)

Redskins can cut ties with McNabb, deal

LANDOVER, Md. — It turns out the $40 million Donovan McNabb is supposed to be guaranteed in his new contract could be as little as $3.5 million. McNabb's agent, Fletcher Smith, clarified some details of McNabb's deal Tuesday. He says while the deal is ... (Source: St. Petersburg Times 2010-11-17T02:13:18Z)

Flying high: Gangs buy aging jets, airfreight tons of cocaine across Atlantic

At least three gangs have struck deals to fly drugs to West Africa and from there to Europe, according to U.S. indictments. "The sky's the limit," one Sierra Leone trafficker boasted to a Drug Enforcement Administration informant, according to court ... (Source: Cleveland Plain Dealer 2010-11-15T23:22:41Z)

Roundup: Buck, Marlins reportedly close to deal

ORLANDO, Fla. (AP) -- A person familiar with the negotiations tells The Associated Press that All-Star catcher John Buck and the Florida Marlins are close to agreement on an $18 million, three-year contract. The person spoke Tuesday on condition of ... (Source: CNN Sports Illustrated 2010-11-17T06:31:00Z)

Walmart expands Black Friday hours

NEW YORK (AP) — Walmart plans to open most of its stores well before dawn — at midnight — the day after Thanksgiving, the company announced Monday, becoming the latest in a series of retailers to expand hours to lure in shoppers who want to get a ... (Source: Omaha World-Herald 2010-11-16T13:48:50Z)

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)

Redskins would pay Donovan McNabb only $3.5 million if he's released

LANDOVER, Md. -- Donovan McNabb's agent, Fletcher Smith, clarified some of the details of McNabb's deal with the Redskins on Tuesday. He said although the contract is worded so it has "$40 million in guarantees," the Redskins do have an option to cut ... (Source: Detroit Free Press 2010-11-17T08:32:41Z)

Stopped at sea, drug smugglers take to the skies

U.S. prosecutors in a series of court cases say they are beginning to unravel the latest innovation in drug smuggling: South American gangs that are buying old jets and other planes, filling them with cocaine and flying them more than 3,000 miles across ... (Source: Dallas Morning News 2010-11-16T20:44:01Z)

More arrests expected in Prince George's corruption investigation

The arrests Friday of Prince George's County Executive Jack B. Johnson and his wife suggest that a federal investigation of corruption in county government, long a subject of rumor and speculation, is reaching critical mass. Law enforcement officials ... (Source: Baltimore Sun 2010-11-14T03:21:17Z)

Sears Canada profit falls on weak sales

Retailer Sears Canada (SCC.TO: Quote) said on Tuesday its third-quarter profit fell 61 per cent as weaker consumer confidence weighed on sales. Sears Canada, which is now 90.4 per cent owned by Sears Holdings Corp (SHLD.O: Quote), said net income fell to C ... (Source: The Vancouver Sun 2010-11-16T15:07:35Z)

Rioting over Haiti cholera outbreak spreads

PORT-AU-PRINCE, Haiti — Anti-UN riots spread to several Haitian cities and towns, as protesters blaming a contingent of Nepalese peacekeepers for a deadly outbreak of cholera exchanged gunfire with UN soldiers. Protesters continued to barricade some ... (Source: Boston Globe 2010-11-17T09:15:38Z)

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