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 18, 2010, 10:41 pm

LPL Investment Raises $470 Million in Initial Offer

(Updates with LPL trading in second paragraph, GM's debut in last paragraph.) Nov. 18 (Bloomberg) -- LPL Investment Holdings Inc., the brokerage and investment advisory firm owned by TPG Capital and Hellman & Friedman LLC, raised $470 million after ... (Source: BusinessWeek 2010-11-18T16:16:47Z)

Genzyme selling diagnostics business for $265M

G enzyme Corp. is selling its diagnostic products unit to longtime business partner Sekisui Chemical Co. for $265 million in cash. Tokyo-based Sekisui has agreed to offer jobs to the unit's approximately 575 employees, including senior management, and ... (Source: Boston Herald 2010-11-19T02:32:24Z)

Most Indian Stocks Decline; Reliance Communications Leads Drop

Nov. 19 (Bloomberg) -- Most Indian stock fell, with the benchmark index set for a second week of declines amid concern gains may have outpaced the outlook for earnings. Reliance Communications Ltd., India's second-largest mobile-phone operator, sank 3 ... (Source: BusinessWeek 2010-11-19T05:17:02Z)

Western Coal snags $3.3-billion offer

U.S. coal producer Walter Energy Inc. has entered exclusive talks to buy Canada's Western Coal Corp. for $3.3-billion after agreeing to buy a 19.8% stake in the company from one of its shareholders. Walter revealed on Thursday that affiliates of Audley ... (Source: Calgary Herald 2010-11-18T19:58:42Z)

Kayak website operator files for IPO

NEW YORK (Reuters) - The operator of the popular Kayak.com website that aggregates airline, hotel and rental car deals, filed on Wednesday to raise as much as $50 million in an initial public offering. Kayak Software Corp's filing with the Securities and ... (Source: Yahoo Finance 2010-11-17T23:48:57Z)

Suspect's family 'shocked' by Iowa convenience store killings

MINNEAPOLIS (AP) — The family of a Minnesota teenager accused of killing two store clerks in northern Iowa is expressing condolences to the victims' families. In a statement, the parents of 17-year-old Michael Swanson say "nothing has prepared us for ... (Source: Globe Gazette 2010-11-19T00:52:11Z)

Ex-Steelers kicker declines Bengals' offer

Former Steelers kicker Jeff Reed cleared waivers Wednesday and had offers from two teams, one of which was the Bengals according to his agent. Don Henderson said his client was receptive to the Bengals, but decided that it was best not to kick this weekend ... (Source: Cincinnati.com 2010-11-18T04:42:26Z)

Hasselbeck will protect broken wrist with bulky brace

Seahawks quarterback Matt Hasselbeck can't tie his shoes, but he can still play quarterback. The veteran will play, despite a broken bone in his left (non-throwing) wrist.  It's a four-to-six-week injury that Hasselbeck suffered on Sunday in a victory ... (Source: NBC Sports 2010-11-19T01:49:27Z)

BSE Sensex rises; SKS, Reliance Comm slide

BANGALORE (Reuters) - The BSE Sensex eked out modest gains in choppy trade on Thursday, but financial stocks led by SKS Microfinance( SKSM.BO ) fell on a government crackdown on collection practices by lenders to the poor. Shares in mobile operator ... (Source: Reuters India 2010-11-18T11:08:59Z)

Thanksgiving Day and Black Friday 2010 Deals at Best Buy, Kmart and Sears

You won't need to wait for Black Friday for incredible holiday shopping bargains as Sears and Kmart both will have door buster deals to try to lure shoppers into the store on Thanksgiving Day. Sears is open from 7 am to 12 noon and has several specials ... (Source: National Ledger 2010-11-19T02:53:53Z)

Thursday's NFL briefs: Roger Goodell proud of Michael Vick on and off the field

NFL commissioner Roger Goodell says Michael Vick is doing all the right things and he's proud of the way the Philadelphia Eagles' quarterback has turned his life around after serving time in prison for his role in a dogfighting ring. Speaking to the New ... (Source: News-Herald.com 2010-11-19T05:52:50Z)

LPL Investment soars on its 1st day on Nasdaq

Shares of broker-dealer LPL Investment Holdings Inc. climbed in their first day of trading on the Nasdaq Global Select Market Thursday. NEW YORK – Shares of broker-dealer LPL Investment Holdings Inc. climbed in their first day of trading on the Nasdaq ... (Source: Tacoma News Tribune 2010-11-18T19:15:45Z)

Comcast shakeup brings creative core back to NBC

NBC is looking to revitalize its prime-time lineup with the appointment of a cable TV executive who transformed the once-maligned Showtime channel into a worthy rival to HBO. Former Showtime entertainment president Bob Greenblatt was named chairman of NBC ... (Source: Product Design & Development 2010-11-18T19:08:35Z)

Genzyme agrees to sell diagnostics unit for $265m

Genzyme Corp ., a Cambridge biotechnology company, said that it has entered into an asset purchase agreement under which Sekisui Chemical Co. Ltd. will buy Genzyme's Diagnostic products business for $265 million in cash. Sekisui has agreed to offer ... (Source: Boston Globe 2010-11-18T15:19:31Z)

India's Shipping Corp to launch share sale on Nov 30

MUMBAI Nov 18 (Reuters) - State-owned Shipping Corporation of India ( SCI.BO ) said on Thursday it would launch on Nov. 30 a share sale that could raise up to $320 million. The offering will close on Dec. 3 for retail bidders, while the institutional book ... (Source: Reuters India 2010-11-18T13:24:59Z)

Kayak files anticipated IPO, hopes for $50m

Kayak Software Corp., the online travel-information service provider, filed for a long-anticipated initial public offering yesterday, saying it hoped to raise $50 million from the sale of stock. Launched in 2004, Kayak's website enables shoppers to ... (Source: Boston Globe 2010-11-18T23:33:27Z)

Bengals were interested in signing ex-Steeler Reed, agent says

Nothing this weekend, Reed's agent, Don Henderson, told the Pittsburgh Post-Gazette . Henderson told the newspaper that three teams contacted him about Reed, and two -- including the AFC North rival Cincinnati Bengals -- made offers. The Bengals ended up ... (Source: NFL 2010-11-18T20:34:29Z)

Vick might give Eagles free agent discount

Two years ago, Michael Vick was a pariah in the NFL. Understandably, no one wanted the PR nightmare that came along with signing an ex-con who'd served time for ostensibly torturing dogs. This makes a ton of sense, provided you buy into the "New Vick ... (Source: CBS Sports 2010-11-11T21:40:03Z)

UPDATE 1-Kayak website operator files for IPO

NEW YORK Nov 17 (Reuters) - The operator of the popular Kayak.com website that aggregates airline, hotel and rental car deals, filed on Wednesday to raise as much as $50 million in an initial public offering. Kayak Software Corp's filing with the U.S ... (Source: Reuters 2010-11-17T23:06:00Z)

LPL Investment Holdings Prices IPO At High End Of Expected Range

(RTTNews) - LPL Investment Holdings Inc., parent company of broker-dealer LPL Financial LLC, Wednesday announced the pricing of its initial public offering of 15.66 million shares of its common stock by selling stockholders at $30.00 per share, at the high ... (Source: RTT News 2010-11-18T04:13:48Z)

Swanson family statement

The family of Robert and Kathleen Swanson has asked that my law firm distribute the following statement regarding the recent tragedies in Algona and Humboldt, Iowa: The family of Robert and Kathleen Swanson are deeply saddened with the recent events in ... (Source: Minneapolis Star Tribune 2010-11-18T22:21:52Z)

Sears Loss Widens as U.S. Shoppers Shun Appliances

Nov. 18 (Bloomberg) -- Sears Holdings Corp., the largest U.S. department-store chain, said its third-quarter loss widened as consumers remained cautious amid high levels of unemployment. The net loss was $218 million, or $1.98 a share in the quarter ended ... (Source: BusinessWeek 2010-11-18T21:10:17Z)

Sears 3Q loss widens; appliance, clothing sales

NEW YORK — Sears Holdings Corp.'s third-quarter loss nearly doubled, dragged down by weak revenue at its long-suffering Sears chain, hurt by poor sales of appliances and clothing. Business at its Kmart discount stores held up better, but they still saw a ... (Source: Dayton Daily News 2010-11-18T16:59:44Z)

Genzyme plans sale of diagnostic products business to Sekisui Chemical for $265 million

CAMBRIDGE, Mass. (AP) — Biotechnology company Genzyme says it will sell its diagnostic products business to Sekisui Chemical Co. for $265 million. The companies expect to close the deal by the end of the year. Genzyme's business provides raw materials ... (Source: Chicago Tribune 2010-11-18T13:24:59Z)

Walter Energy offers to acquire Canadian company Western Coal in deal valued at $3.2 billion

NEW YORK (AP) — Walter Energy, a major U.S. coal producer and exporter, says it is seeking to acquire Western Coal Corp. in a deal valued at $3.2 billion in cash. Walter, based in Tampa , Fla., said Thursday it is proposing to acquire outstanding shares ... (Source: Chicago Tribune 2010-11-18T14:00:47Z)

W.Va. mines part of bid to buy Western Coal

Walter Energy, a major U.S. coal producer and exporter, says it is seeking to acquire Western Coal Corp. in a deal valued at $3.2 billion in cash. The Tampa, Fla.-based Walter said Thursday it is proposing to acquire outstanding shares of the Canadian coal ... (Source: Product Design & Development 2010-11-18T17:14:03Z)

Holiday Shoppers Discover Best Deals With New All-in-One Comparison Shopping, Cash-Back ...

Black Friday is just around the corner and holiday deals are already starting to pop up. All year long, but particularly during the holiday shopping season, consumers are bombarded with offers, deals, coupons and rebates, and keeping the best options ... (Source: Street.Com 2010-11-18T10:40:21Z)

UPDATE 1-Ariba to buy privately held rival for up to $150 mln

Nov 18 (Reuters) - Supply-management software maker Ariba Inc ( ARBA.O ) said it would buy privately held Dutch rival Quadrem in a cash and stock deal worth up to $150 million, to add customers like Alcoa ( AA.N ) and Nestle ( NESN.VX ) to its portfolio ... (Source: Reuters UK 2010-11-18T15:41:00Z)

Parents of accused killer of Iowa clerks offer sympathies

Shocked by the cold-blooded slayings of two convenience store clerks in Iowa, the parents of 17-year-old accused killer Michael Richard Swanson issued a statement Thursday expressing sorrow and confusion over their son's alleged crimes. Robert and Kathleen ... (Source: Minneapolis Star Tribune 2010-11-19T03:43:59Z)

Bengals report: Strategy and personnel

The Bengals did talk to Jeff Reed about coming in to replace Mike Nugent at kicker, but Reed has decided to take the weekend off. Aaron Pettrey, who hasn't kicked in an NFL regular-season game, will handle placekicks and kickoffs against the Bills. --DT ... (Source: CBS Sports 2010-11-18T05:11:04Z)

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