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, 3:41 am

AT&T Still Seeking Exclusive Devices as IPhone Deal's End Looms

Nov. 17 (Bloomberg) -- AT&T Inc., the sole U.S. wireless carrier for Apple Inc.'s iPhone, is looking for additional exclusive partnerships with device manufacturers, as its iPhone deal is said to end. Verizon Wireless, the largest U.S. wireless company ... (Source: San Francisco Gate 2010-11-15T23:58:29Z)

Baseball Notes: Gardenhire, Black honored

Bud Black hung on to win this race. Ron Gardenhire became a first-time manager of the year, too, after so many near misses. A month after his San Diego Padres were knocked out of the playoff chase on the final day, Black nudged Cincinnati's Dusty Baker by ... (Source: Philadelphia Daily News 2010-11-18T08:02:52Z)

GM IPO raises $20.1 billion

By Clare Baldwin and Soyoung Kim NEW YORK (Reuters) - General Motors Co <GM.UL> pulled off the biggest initial public offering in U.S. history on Wednesday, raising $20.1 billion after pricing shares at the top of the proposed range in response to huge ... (Source: msnbc.com 2010-11-18T10:33:11Z)

Fraley: Jon Kitna possesses leadership qualities that Tony Romo does not

The Dallas Morning News sports writer Gerry Fraley answered questions about the Cowboys in a chat on Monday. Here are a few highlights. On the Cowboys needing a quarterback with heart: Fraley: Will say Kitna is an outstanding leader, which the position ... (Source: Dallas Morning News 2010-11-17T03:39:12Z)

Axis Bank, Enam Strike $456 Million Deal

MUMBAI –India's third-largest lender by assets, Axis Bank Ltd. said Wednesday it will merge with the investment banking, institutional and retail equities businesses of Enam Securities Pvt. in a deal worth 20.67 billion rupees ($456 million) as it seeks ... (Source: Wall Street Journal 2010-11-18T04:13:48Z)

GM sets stock price for biggest IPO ever

General Motors Co's landmark stock sale is now set to raise up to $22.7 billion — the biggest initial public offering in history — allowing the U.S. government to drastically cut the stake it acquired when it rescued the iconic automaker in 2009. As ... (Source: msnbc.com 2010-11-17T21:32:56Z)

McNabb deal not so sweet

Turns outDonovan McNabb's deal with the Redskins isn't nearly as good as it first seemed.McNabb's agent, Fletcher Smith, confirmed Tuesday that McNabb's new contract extension has an out clause built into it that allows the Redskins to cut ties with ... (Source: msnbc.com 2010-11-17T03:46:21Z)

Axis Bank says Enam deal neutral to capital adequacy

MUMBAI, Nov 17 (Reuters) - Indian private sector lender Axis Bank said on Wednesday its deal to buy Enam Securities' investment banking and equities units for $456 million would be neutral to its capital adequacy ratio. (US$1=45.31 rupees) (Reporting by ... (Source: CNBC 2010-11-17T11:45:58Z)

Samsung's tablet isn't ready to take on iPad yet

Know somebody who owns a Zune? Well, Samsung Electronics Co. has created the perfect tablet computer for anyone who does. What's a Zune? That's Microsoft Corp.'s portable music player, the one that was supposed to be a worthy rival to Apple Inc.'s ... (Source: Boston Globe 2010-11-18T10:47:30Z)

KT Net Beats Estimates on IPhone-led Wireless Sales

KT Corp. , South Korea's largest phone company and the nation's exclusive provider of Apple Inc.'s iPhone, reported third-quarter profit that beat analyst estimates as smartphone users boosted wireless data sales. Net income at KT fell 0.2 percent to ... (Source: Bloomberg 2010-11-09T02:58:35Z)

UPDATE 1-Deals of the day--mergers and acquisitions

Nov 18 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 1000 GMT on Thursday. ** Banorte ( GFNORTEO.MX ), the top Mexican-owned bank, is buying smaller financial group IXE ... (Source: Reuters 2010-11-18T10:04:33Z)

Roles change for Jon Kitna, Jason Garrett

IRVING, Texas -- The return of Tony Romo isn't happening right now, so Jon Kitna is the quarterback of the Cowboys and Jason Garrett has to develop a chemistry with the backup until the starter returns. The two earned their first win together Sunday in ... (Source: ESPN.com 2010-11-16T22:09:55Z)

'Skins have out in McNabb deal

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: Philadelphia Daily News 2010-11-18T07:41:24Z)

Dollar Tree completes Dollar Giant stores purchase

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 all assets ... (Source: AP - msnbc.com 2010-11-17T14:09:08Z)

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)

Jefferies to arrange Avanir Pharmaceuticals stock sale

17 November 2010 - US investment bank Jefferies (NYSE: JEF | PowerRating ) will serve as sole book-running manager of the potential common stock offer by US Avanir Pharmaceuticals Inc (NASDAQ: AVNR | PowerRating ), the latter said Tuesday. The stock sale ... (Source: TradingMarkets.com 2010-11-17T06:52:28Z)

Russian arms dealer pleads not guilty in US court (Roundup)

New York - Reputed arms dealer Viktor Bout, dubbed the Merchant of Death, pleaded not guilty on Wednesday in US federal court in Lower Manhattan, one day after the Russian was extradited from Thailand. Bout, 43, was ordered held without bail by Judge Shira ... (Source: Monsters and Critics 2010-11-17T22:08:44Z)

Trial wrapping up in Leyritz DUI fatal crash

Trial is wrapping up in the Florida DUI manslaughter case against former major league baseball player Jim Leyritz. Closing arguments were set Thursday after 10 days of testimony. The 46-year-old Leyritz faces up to 15 years in prison if convicted of ... (Source: Bradenton Herald 2010-11-18T06:51:17Z)

Marlins sign Buck to $18M, 3-year deal

All-Star catcher John Buck and the Florida Marlins have finalized an $18 million, 3-year contract. Buck passed his physical yesterday and the deal was completed, a day after the sides agreed to terms. He gets a $1.5 million signing bonus, $4.5 million next ... (Source: Philadelphia Daily News 2010-11-18T08:02:52Z)

AVANIR Pharmaceuticals Announces Pricing of Public Offering of Common Stock

ALISO VIEJO, Calif. , Nov. 17, 2010 /PRNewswire-FirstCall/ -- AVANIR Pharmaceuticals, Inc. (Nasdaq: AVNR - News ) today announced the pricing of an underwritten public offering of 20,000,000 shares of its common stock, offered at a price of $4.40 per share ... (Source: Yahoo Finance 2010-11-17T14:23:27Z)

Russian pleads not guilty to weapons-sale charges

NEW YORK - A former Soviet military officer dubbed the "Merchant of Death" for allegedly selling an arsenal of weapons that would be "the envy of some small countries" was in the United States on Wednesday to face justice, a prosecutor announced, refusing ... (Source: Philadelphia Daily News 2010-11-18T08:02:52Z)

Canada's Western Coal exploring sale to Walter Energy

(Reuters) - Canada's Western Coal Corp ( WTN.TO ) said on Thursday it was holding exclusive talks for a potential business combination with the U.S. coal firm Walter Energy Inc ( WLT.N ). The combination of Western Coal and Walter's operations would create ... (Source: Reuters 2010-11-18T09:21:36Z)

Western Coal in talks on bid by Walter Energy

TEL AVIV (MarketWatch) -- Western Coal Corp. (THE:CA:WTN) , the Vancouver producer of metallurgical coal, said it was in talks to be acquired by Walter Energy Inc. for C$11.50 of cash and stock a share, or C$3.3 billion (US$3.24 billion). Walter, (NYSE:WLT ... (Source: Marketwatch 2010-11-18T09:43:05Z)

Alleged Russian Arms Dealer Extradited To N.Y.

After more than two years of legal proceedings, alleged international arms dealer Viktor Bout has been extradited to New York from Thailand to stand trial on terrorism charges. Copyright © 2010 National Public Radio®. For personal, noncommercial use only ... (Source: NPR News 2010-11-18T06:22:39Z)

Axis Bank, Enam to Merge Investment Banking Operations in India

Nov. 18 (Bloomberg) -- Axis Bank Ltd., India's top-ranked manager of debt sales, aims to bolster its equity underwriting operations by merging the unit with Enam Securities Pvt. in a transaction valued at about 20.7 billion rupees ($455 million). Axis ... (Source: BusinessWeek 2010-11-17T18:26:49Z)

Cowboys kept Giants' pass rush off Jon Kitna

Three weeks ago the Giants effectively put an end to the Cowboys' season when linebacker Michael Boley broke Tony Romo's left collarbone on a blitz. On Sunday, Jon Kitna was sacked only once and it was a dubious 3-yard loss after he was tripped by an ... (Source: Cowboysblog.dallasnews.com 2010-11-15T03:34:25Z)

Dollar Tree buys Dollar Giant stores

Discount retailer Dollar Tree said it has completed the purchase of Canada's Dollar Giant stores for about $52 million in cash. The Chesapeake-based company said Wednesday that the deal includes 86 Dollar Giant Stores, including substantially all assets ... (Source: HamptonRoads.com 2010-11-18T09:07:17Z)

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)

Avanir Pharma prices offering at $4.40 per share

Avanir Pharmaceuticals Inc. expects to raise about $88 million, before discounts and expenses, with an offering of 20 million shares that it has priced at $4.40 per share, almost 5 percent below its latest closing price. The Aliso Viejo, Calif., company ... (Source: AP - msnbc.com 2010-11-17T15:20:42Z)

Government says achieved objective on GM rescue

The U.S. government achieved its objective in the politically unpopular rescue of General Motors Co and is prepared to relinquish majority ownership in the resurgent carmaker, Obama administration officials said. The government's sale figures as part of GM ... (Source: msnbc.com 2010-11-18T10:33:11Z)

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