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, 9:41 am

BHP Billiton has withdrawn its bid for Saskatchewan-based Potash Corp.

TORONTO (AP) — BHP Billiton on Sunday withdrew its hostile takeover bid for Potash Corp. of Saskatchewan , saying it cannot convince Canada's federal government to approve the deal. Ottawa announced earlier this month that it would block the deal because ... (Source: Chicago Tribune 2010-11-15T00:35:27Z)

UPDATE 5-Caterpillar buying Bucyrus in big bet on mining

DETROIT/PROVIDENCE, R.I., Nov 15 (Reuters) - Heavy equipment maker Caterpillar Inc ( CAT.N ) set the largest deal in its history on Monday, saying it would buy Bucyrus International Inc ( BUCY.O ) for $7.6 billion to expand in mining. The deal to create a ... (Source: Reuters 2010-11-15T15:44:33Z)

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)

PhosAgro Unaware of IPG Approach for Potash-Bid Funds

Nov. 17 (Bloomberg) -- OAO PhosAgro Chief Executive Officer Maxim Volkov said he wasn't aware of any approach by Canada's Indigenous Potash Group to secure funds from the company to buy a minority stake in Potash Corp. of Saskatchewan Inc. The Wall ... (Source: BusinessWeek 2010-11-17T15:27:52Z)

BHP Billiton withdraws bid for Potash Corp

BHP Billiton on Sunday withdrew its takeover bid for Potash Corp. of Saskatchewan, saying it cannot convince Canada's federal government to approve of the deal. Ottawa announced earlier this month that it would block the deal because it wasn't a net ... (Source: AP - msnbc.com 2010-11-14T23:16:43Z)

New Warriors owners Joe Lacob and Peter Guber preach 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, intricate in details ... (Source: San Jose Mercury News 2010-11-16T16:04:51Z)

REFILE-Microsoft CEO sells 12 pct of his stake, says committed

SEATTLE, Nov 5 (Reuters) - Microsoft Corp ( MSFT.O ) Chief Executive Steve Ballmer sold $1.3 billion worth of shares in the company, cutting his stake by about 12 percent, but said his first stock sale in seven years should not be taken as a lack of ... (Source: Reuters 2010-11-06T16:09:33Z)

Warriors owners to vet business ops

With their $450 million purchase of the Golden State Warriors still fresh, Joe Lacob and Peter Guber said they are taking over a franchise with a strong business that they hope to improve. "Clearly you can look at what the attendance is, it's pretty ... (Source: Birmingham Business Journal 2010-11-17T15:13:33Z)

Kayak opts for IPO despite ITA 'risk'

Kayak has shrugged off the potential threat from the proposed deal that will see its software supplier ITA sold to Google by filing for an Initial Public Offering of its shares in the US . The travel search engine giant has proposed an IPO worth $50 ... (Source: Travolution 2010-11-17T12:00:17Z)

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)

Amazon.com going into movie producing with new website, first look deal with Warner Bros.

Hollywood has seen some unusual entrants to the business of film producing over the years, but the world's largest online retailer might just be one of the least likely. Amazon.com is launching Amazon Studios , a new website that lets users upload scripts ... (Source: Los Angeles Times 2010-11-17T04:07:50Z)

Novartis says Alcon deal cannot be all cash

LONDON, Nov 17 (Reuters) - Novartis AG (NOVN.VX: Quote , Profile , Research , Stock Buzz ) will not go for an all-cash deal to clinch the remaining 23 percent stake it does not already own in U.S.-listed eyecare group Alcon (ACL.N: Quote , Profile ... (Source: Yahoo Finance 2010-11-17T15:56:30Z)

Nestle Completes 5 bln Euro Refinancing

The financing replaces a 6.5 billion euro facility arranged in 2009 and serves as a backstop to Nestle's global commercial paper programme. Nestle decided cut the size of the new financing after raising $28.3 billion from the sale of its remaining shares ... (Source: FLEXNEWS 2010-11-12T08:38:37Z)

Amazon Gets Into Movie Business, in First-Look Deal With Warners

Amazon.com is getting into the movie business. Instead of a studio lot or theater chain, however, the internet retailer is relying on a variation of crowd sourcing. Under its new online A mazon Studios program, announced on Tuesday, filmmakers and ... (Source: TheWrap 2010-11-17T01:01:43Z)

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)

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)

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)

Will Google-ITA deal sink Kayak public offering?

Kayak Software Corp. , a U.S.-based online travel-information service provider, has filed for an initial public offering to raise up to $50 million in working capital. The IPO is being underwritten by Morgan Stanley, Deutsche Bank AG and some other banks ... (Source: IT World 2010-11-17T17:22:24Z)

Microsoft's Gates, Ballmer Defend Stock Sales

SEATTLE (Reuters) - Microsoft Corp Chairman Bill Gates and Chief Executive Steve Ballmer defended recent stock sales on Tuesday as they faced tough questions from shareholders frustrated by the lack of growth in the company's shares over the past decade ... (Source: ABC News 2010-11-16T18:56:39Z)

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)

Deal Profile: Caterpillar to Buy Bucyrus

Placing a giant bet on a long-term boom in global demand for coal and minerals, Caterpillar agreed to buy Bucyrus International , a maker of mining equipment, for $7.6 billion. The deal would help Caterpillar and Bucyrus respond to growing competition from ... (Source: Wall Street Journal 2010-11-15T22:18:16Z)

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)

UPDATE 1-Microsoft's Gates, Ballmer defend stock sales

SEATTLE, Nov 16 (Reuters) - Microsoft Corp (MSFT.O: Quote , Profile , Research , Stock Buzz ) Chairman Bill Gates and Chief Executive Steve Ballmer defended recent stock sales on Tuesday as they faced tough questions from shareholders frustrated by the ... (Source: Yahoo Finance 2010-11-16T19:25:17Z)

Amazon.com Brings Moviemaking to the Masses With Amazon Studios Launch

Amazon is muscling into the movie business. And the 15-year-old Seattle-based Web behemoth wants everyone to come along. Under a new first-look deal with Warner Bros., Amazon.com has launched Amazon Studios , a user-generated online development and ... (Source: Hollywood Reporter 2010-11-15T23:58:29Z)

UPDATE 2-Novartis commits to investment, eyes buys

LONDON, Nov 17 (Reuters) - Novartis AG won't reduce investment on the hunt for new drugs and will also search for bolt-on acquisitions, particularly in emerging markets, as it ramps up a group-wide drive to improve efficiency. Chief Executive Joe Jimenez ... (Source: The Guardian 2010-11-17T14:37:46Z)

Why the Valley Needs The Kayak IPO

Silicon Valley has got to get over its initial public offering anxiety — those are words of Benchmark Capital's Bill Gurley – and it needs to do it fast. And what could help? An initial public offering by Kayak, the online travel service, which filed ... (Source: Gigaom.com 2010-11-17T15:49:20Z)

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)

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)

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)

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 2010-11-15T20:59:31Z)

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