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, 5:44 am

DuPont, Jarden, Armani, SAP: Intellectual Property

DuPont Co. , the 208-year-old U.S. chemical company, received a patent for peptides that bond with carbon nanotubes. Patent 7,829,504, issued Nov. 9, covers the peptides, or short polymers of amino acids. They can be used for the "manipulation of carbon ... (Source: Bloomberg 2010-11-17T11:24:29Z)

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)

GM boosts IPO size to reduce government stake

NEW YORK/DETROIT (Reuters) - General Motors Co (GM.UL) raised the common stock portion of its initial public offering by 31 percent on Wednesday following a surge of investor interest, putting the deal on track to raise as much as $22.7 billion. The ... (Source: Yahoo Finance 2010-11-17T12:36:04Z)

Products, bullish industry outlook prompted Bucyrus deal

Complementary product portfolios and a bullish outlook for the global mining industry prompted Caterpillar Inc. to set it sights on Bucyrus International Inc. South Milwaukee-based Bucyrus (NASDAQ: BUCY), a manufacturer of mining equipment, is set to be ... (Source: Birmingham Business Journal 2010-11-15T20:23:44Z)

Florida tomato growers, farmworkers in landmark deal

IMMOKALEE, Fla. — Growers of the bulk of all U.S. winter tomatoes struck a major deal Tuesday with a Florida farmworkers' group to boost their wages and working conditions, clearing the way for food giants such as McDonald's, Burger King and upscale ... (Source: Herald Times 2010-11-17T04:36:28Z)

Daily Beast, Newsweek reach deal to join

The Daily Beast says it has reached a deal to join with Newsweek. In a posting on its website Thursday, The Daily Beast's editor-in-chief Tina Brown says the two outlets will partner to create The Newsweek Daily Beast Company. Brown says she will be editor ... (Source: AP - msnbc.com 2010-11-12T07:34:11Z)

Packers' Next Opponent: Vikings

Percy Harvin had to leave the Chicago game Sunday after aggravating a sprained left ankle, but he is expected to play. Through severe migraines and other ailments, Harvin always plays even though he doesn't practice much. In three games against the ... (Source: Milwaukee Journal Sentinel 2010-11-17T04:43:37Z)

'Newsweek,' Daily Beast Join With Tina Brown At Helm

The Daily Beast online news site says it has reached a deal to merge with Newsweek magazine. In a posting on its website Thursday, The Daily Beast's editor-in-chief, Tina Brown, says the two outlets will partner to create The Newsweek Daily Beast Co. Brown ... (Source: NPR News 2010-11-12T18:04:07Z)

Caterpillar CEO Swallows the Myth of Uninterrupted Growth in Emerging Markets

When I was in college, we had an "Around the World" party at my fraternity. Each of us decorated our bedrooms as a place around the world and served an alcoholic beverage from that region. One of my friends set up Tokyo, Japan and served Sake. Others ... (Source: Seekingalpha.com 2010-11-17T07:06:47Z)

Greencore, Northern Foods Aim to Strengthen in Merger

Nov. 17 (Bloomberg) -- Greencore Group Plc and Northern Foods Plc agreed to merge in an all-stock transaction to cut costs and increase their bargaining power with supermarkets. The combination of the food makers, which supply U.K. retailers including ... (Source: BusinessWeek 2010-11-17T12:00:17Z)

Caterpillar Moves Into Mining With $8.6 Billion Bid for Bucyrus

Caterpillar Inc. (NYSE: CAT ), the world's leading manufacturer of construction equipment, announced on Monday that it would pay $8.6 billion for Bucyrus International Inc. (Nasdaq: BUCY ) – a maker of large-scale surface and underground mining machinery ... (Source: Seekingalpha.com 2010-11-17T09:51:26Z)

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)

Newsweek, The Daily Beast to merge operations

Website Daily Beast and magazine Newsweek have agreed a deal to combine, Daily Beast co-founder and editor Tina Brown said, just weeks after abandoning merger talks. The agreement will combine the two groups in a 50-50 joint venture called the Newsweek ... (Source: msnbc.com 2010-11-12T12:49:09Z)

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)

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)

UPDATE 2-GM boosts IPO size to reduce US government stake

NEW YORK/DETROIT, Nov 17 (Reuters) - General Motors Co [GM.UL] raised the common stock portion of its initial public offering by 31 percent on Wednesday following a surge of investor interest, putting the deal on track to raise as much as $22.7 billion ... (Source: Reuters 2010-11-17T12:28:55Z)

Tomato Growers, Farm Workers Reach Deal

IMMOAKALEE, Fla.—The growers who produce the bulk of the country's winter tomatoes have reached a major deal with farm workers on better pay and conditions, ending more than a decade-long battle. The new deal activates agreements with food chains such as ... (Source: Wall Street Journal 2010-11-16T19:39:36Z)

Deal with tomato growers will boost farmworkers' wages

IMMOKALEE — Growers of the bulk of all U.S. winter tomatoes struck a major deal Tuesday with a Florida farmworkers group to boost their wages and working conditions, clearing the way for food giants such as McDonald's, Burger King and upscale grocer ... (Source: St. Petersburg Times 2010-11-16T23:42:58Z)

Caterpillar buying Bucyrus for $8.6 billion

NEW YORK (MarketWatch) — Caterpillar Inc. said Monday that Bucyrus International Inc. agreed to its merger offer of $92 a share in a deal that values the mining-equipment maker at $8.6 billion, including debt. Caterpillar (NYSE:CAT)  will pay a premium ... (Source: Marketwatch 2010-11-15T14:54:27Z)

Northern Foods, Greencore agree to merger

LONDON (Reuters) - British food manufacturer Northern Foods ( NFDS.L ) has agreed to merge with Ireland's Greencore Group ( GNC.I ) to create a combined group with annual sales of around 1.7 billion pounds ($2.7 billion). The deal, which is structured as a ... (Source: Reuters 2010-11-17T07:56:54Z)

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)

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)

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)

Ellison said Oracle had 'grave risk' from SAP deal

OAKLAND, Calif. -- Oracle CEO Larry Ellison says he was deeply worried about bleeding customers because of what seemed like a masterstroke of an acquisition by archenemy SAP in 2005. SAP has admitted that the company it bought, TomorrowNow, stole customer ... (Source: Forbes 2010-11-08T19:06:08Z)

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)

SAP owes Oracle $40.6 million, damages expert says

SAP, on trial because a now-defunct subsidiary downloaded Oracle software without authorization, owes at most $40.6 million for royalties it should have paid, SAP's expert told a federal court jury. Stephen Clarke, a damages expert hired by SAP to analyze ... (Source: San Jose Mercury News 2010-11-17T02:06:08Z)

UPDATE 1-Northern Foods, Greencore agree to merger

LONDON, Nov 17 (Reuters) - British food manufacturer Northern Foods ( NFDS.L ) has agreed to merge with Ireland's Greencore Group ( GNC.I ) to create a combined group with annual sales of around 1.7 billion pounds ($2.7 billion). The deal, which is ... (Source: Reuters 2010-11-17T07:49:44Z)

Dealer offers free AK-47 for truck buyers

A Florida car dealership trying to drum up business is offering an unusual perk for potential used-truck buyers: A free AK-47 assault rifle. General sales manager Nick Ginetta says that since the promotion was announced on Veterans Day, business has more ... (Source: AP - msnbc.com 2010-11-15T21:21:00Z)

No plans to retire, Pat Williams says

Vikings nose tackle Pat Williams has made a few references in the past year to retiring, but the NFL's oldest defensive player (38 years) said Tuesday that he wants to play a "couple more years" before calling it quits. The question is: Would those final ... (Source: Minneapolis Star Tribune 2010-11-17T04:07:50Z)

GM confirms plans to boost IPO

Washington — General Motors Co. confirmed it plans to sell 549.7 million shares of stock in its public offering at $33 each, raising $18.14 billion in what could be the largest IPO in U.S. history. In an early morning filing with the Securities and ... (Source: Detroit News 2010-11-17T13:04:42Z)

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