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, 8:42 am

UPDATE 6-GM boosts IPO size to reduce U.S. government stake

DETROIT/NEW YORK, Nov 17 (Reuters) - General Motors Co [GM.UL] raised the common stock portion of its initial public offering by 31 percent on Wednesday after a surge of investor interest, putting the deal on track to raise as much as $22.7 billion and ... (Source: Yahoo Finance 2010-11-17T16:17:58Z)

UPDATE 1-SAIC stake in GM yet to win China OK -sources

DETROIT/NEW YORK, Nov 17 (Reuters) - China's government has not yet approved state-run automaker SAIC's plans to take a stake in General Motors Co [GM.UL], making it uncertain whether the deal can be completed as part of the U.S. automaker's IPO, two ... (Source: Reuters 2010-11-17T16:17:58Z)

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)

GM IPO could be biggest US deal ever

General Motors Co is boosting the size of its common stock offering by more than 30 per cent to $15.5 billion, two people familiar with the matter said, potentially making its landmark IPO the largest US offering ever. The expansion comes in response to ... (Source: Indian Express 2010-11-17T04:50:47Z)

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)

Dynegy board accepts sweetened $603M takeover bid by Blackstone ahead of holder vote

NEW YORK (AP) — Dynegy 's board has accepted a sweetened $603 million takeover bid by Blackstone Group LP but the deal still faces opposition from a prominent shareholder. The private equity group on Tuesday increased its offer for the Houston power ... (Source: Chicago Tribune 2010-11-17T13:47:39Z)

Dollar Tree completes $52M purchase of Canada's Dollar Giant stores

CHESAPEAKE, Va. (AP) — Discount retailer Dollar Tree says it has completed the purchase of Canada's Dollar Giant stores for about $52 million in cash. The Chesapeake -based company said Wednesday the deal includes 86 Dollar Giant Stores, including ... (Source: Chicago Tribune 2010-11-17T14:01:58Z)

Sitting Pretty;Vick s jaw-dropping play spurs talk of playoffs and a new deal.

A day after Michael Vick had arguably the greatest game by a quarterback in Eagles history, questions remained about what his elevated play means for the future. Does the seemingly unstoppable Vick camouflage the Eagles' various flaws and catapult them ... (Source: FOXSports.com 2010-11-17T12:21:45Z)

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)

Bernie Bytes: Good deal for Westbrook, Cards

* Just my opinion, but the Ryan Ludwick / Jake Westbrook trade looks a lot better now than it did at the time of the transaction. Westbrook's pending free-agent status was among the reasons why I didn't like the trade. Bartering Ludwick for what appeared ... (Source: St. Louis Post-Dispatch 2010-11-17T16:17:58Z)

Who will fill their shoes?

Welcome back to the Pregame Flyover, your weekly CliffsNotes to the National Football League. It's the last week for byes, which means it's also the last week for fantasy league owners to whine about playing below full strength. This week features a lot of ... (Source: ESPN.com 2010-11-12T18:18:26Z)

Dollar Tree completes Dollar Giant stores purchase

CHESAPEAKE, Va. -- Discount retailer Dollar Tree says it has completed the purchase of Canada's Dollar Giant stores for about $52 million in cash. The Chesapeake-based company said Wednesday the deal includes 86 Dollar Giant Stores, including substantially ... (Source: Forbes 2010-11-17T14:16:17Z)

Dynegy board of directors accepts sweetened takeover bid by Blackstone ahead of holder vote

NEW YORK (AP) — Dynegy 's board of directors has accepted a sweetened takeover bid by Blackstone Group LP, though the deal still must be approved by shareholders. The private equity group on Tuesday increased its offer for the Houston power plant owner ... (Source: Orlando Sentinel 2010-11-17T13:19:01Z)

Upsized GM IPO could be biggest US deal ever

NEW YORK: General Motors Co 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 largest US offering ever. The expansion comes in ... (Source: Economic Times 2010-11-17T06:23:50Z)

UPDATE 1-Shares in Mexico's Banorte up on IXE deal bets

MEXICO CITY Nov 16 (Reuters) - Shares in Mexican bank Banorte rose on Tuesday, helped by bets that it would soon announce a deal to buy smaller financial group IXE, consolidating its place as the country's third-biggest bank. Banorte shares rose as much as ... (Source: Reuters 2010-11-17T03:53:31Z)

Mexican Banking Groups Banorte, Ixe Agree To Merge

MEXICO CITY -(Dow Jones)- Mexican banking concerns Grupo Financiero Banorte SAB de CV (GBOOY, GFNORTE.MX) and Ixe Grupo Financiero SAB de CV (IXEGF.MX) said Wednesday they have agreed to merge in an all-stock deal valued at an estimated 16.2 billion pesos ... (Source: NASDAQ 2010-11-17T15:13:33Z)

GM boosts IPO size to reduce government stake

By Kevin Krolicki and Clare Baldwin DETROIT/NEW YORK (Reuters) - General Motors Co <GM.UL> raised the common stock portion of its initial public offering by 31 percent on Wednesday after a surge of investor interest, putting the deal on track to raise as ... (Source: msnbc.com 2010-11-17T15:42:11Z)

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)

Westbrook, Cardinals Reach Two-Year Deal

The Cardinals and right-hander Jake Westbrook have reached an agreement on a two-year, $16.5 million contract. The deal includes an $8.5 million mutual option for 2013. Westbrook was acquired from Cleveland on July 31 and was 4-4 with a 3.48 ERA in 12 ... (Source: RealGM.com 2010-11-17T13:26:11Z)

Dynegy board accepts sweetened takeover bid

(AP) — Dynegy's board of directors has accepted a sweetened takeover bid by Blackstone Group LP, though the deal still must be approved by shareholders. The private equity group on Tuesday increased its offer for the Houston power plant owner by 11 ... (Source: Newsday 2010-11-17T14:01:58Z)

Caterpillar to acquire Bucyrus in $7.6 billion deal

Caterpillar Inc. , the world's largest construction and mining equipment maker, has agreed to buy South Milwaukee-based Bucyrus International Inc. for $7.6 billion in cash. Under terms of the transaction, which has been approved by the boards of directors ... (Source: Birmingham Business Journal 2010-11-15T18:00:34Z)

'Hug Your Children,' Dad Of Teen Who Died Playing Football Says

BOSTON -- A 16-year-old Sutton boy collapsed and died while playing in a football game in Warren on Monday. Michael Ellsessar was playing at Quaboag Regional High School when he was hit while catching a pass. Friends, Players Mourn Teammate "He was killed ... (Source: Boston Channel 2010-11-16T23:28:39Z)

Caterpillar CEO Oberhelman Steps Up Deal-Making

Nov. 16 (Bloomberg) -- Caterpillar Inc. Chief Executive Officer Doug Oberhelman is less than five months into the job and already outpacing his predecessor in acquisitions as he seeks to boost sales to emerging markets. Caterpillar's $7.6 billion ... (Source: BusinessWeek 2010-11-16T14:46:06Z)

Shares in Mexico's Banorte up on IXE deal bets

MEXICO CITY, Nov 16 (Reuters) - Shares in Mexican bank Banorte rose on Tuesday, helped by bets that it would soon announce a deal to buy smaller financial group IXE, consolidating its place as the country's third-biggest bank. Banorte shares rose as much ... (Source: Inside Fidelity 2010-11-17T01:30:21Z)

GM may increase mega-IPO price; KIA interested

MICHIGAN/NEW YORK - General Motors Co may sell shares in its initial public offering for as much as 14 per cent more than originally planned, making it the second-largest US IPO on record, according to four people familiar with the deal. GM, 61 per cent ... (Source: Khaleej Times 2010-11-17T06:31:00Z)

Sutton's Michael Ellsessar dies playing

WARREN, Mass. -- A district attorney says the death of a 16-year-old boy who collapsed during a junior varsity football game in Massachusetts appears to be an accident. Worcester District Attorney Joseph Early says the boy, Michael Ellsessar, was hit early ... (Source: ESPN.com 2010-11-16T18:06:32Z)

Dollar Tree completes Canada's Dollar Giant stores purchase

CHESAPEAKE (AP) -- Discount retailer Dollar Tree says it has completed the purchase of Canada's Dollar Giant stores for about $52 million in cash. The Chesapeake-based company said Wednesday the deal includes 86 Dollar Giant Stores, including substantially ... (Source: WVEC 2010-11-17T15:06:23Z)

Caterpillar to acquire Bucyrus International in $7.6 billion deal

Caterpillar Inc. , the world's largest construction and mining equipment maker, has agreed to buy South Milwaukee, Wisc.-based Bucyrus International Inc. for $7.6 billion in cash. Under the terms of the transaction, which has been approved by the boards of ... (Source: Birmingham Business Journal 2010-11-15T15:51:43Z)

Vick's play looks like video game

,0 On Monday night, in an open-air arena, Michael Vick put up video game-like numbers as if he was some sugar overloaded teenage boy in his cozy little living room playing Madden Football. "Someone said that to me, it was like watching someone play a video ... (Source: Courier-Post 2010-11-17T13:26:11Z)

Sutton High School student dies playing football

SUTTON, Mass. -- A 16-year-old high school football player died on the field during a game in Warren Monday. Michael Ellsessar collapsed during a junior varsity game that was being played at Quaboag Regional High. A referee began performing CPR before the ... (Source: msnbc.com 2010-11-16T15:14:44Z)

Blog Archive