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, 3:43 pm

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 2010-11-18T15:48:09Z)

Chamber president: Group has no interest in seeking Obama's defeat; will fight regulations

WASHINGTON (AP) — Declaring "this is not personal," the U.S. Chamber of Commerce president said Wednesday that his trade group would work with the White House , despite the chamber's hardcharging midterm election campaign and continued opposition to ... (Source: Fort Lauderdale Sun-Sentinel 2010-11-17T20:49:59Z)

Better Business Bureau changes ratings system

The Better Business Bureau says it's abandoning a rating system that awarded rating points simply because a business was accredited. The Arlington, Va., group was criticized by Connecticut Attorney General Richard Blumenthal for the system that he called ... (Source: AP - msnbc.com 2010-11-18T20:27:20Z)

Cardinal buying N.Y. pharma supplier

Cardinal Health Inc. is expanding its reach into the Northeast pharmaceutical market with a $1.3 billion deal to buy a New York company. The Dublin-based pharmaceutical and medical supplies distribution giant said Thursday that its all-cash deal for ... (Source: Birmingham Business Journal 2010-11-18T14:15:06Z)

Ex-car czar Rattner sued by Cuomo, settles with SEC

Former Obama administration auto industry czar Steven Rattner was sued by New York's attorney general on Thursday for allegedly paying kickbacks to win investments from the state's $130 billion pension fund. Rattner separately settled a related U.S ... (Source: msnbc.com 2010-11-18T22:43:20Z)

Software maker Ariba agrees to buy Quadrem

Spending-management software maker. Ariba Inc. announced Thursday that it will buy Quadrem, a privately held supply chain management company, for $150 million. Ariba, based in Sunnyvale, Calif., will pay $75 million in cash up front for Amsterdam-based ... (Source: AP - msnbc.com 2010-11-18T16:45:25Z)

Google negotiating book-scanning deal in France

PARIS — Google Inc. said Wednesday it is in talks with Europe's biggest book publisher on a deal to digitally scan and distribute its out-of-print French books. Google Books Director Dan Clancy said the proposed deal with Hachette Livre, the world's ... (Source: msnbc.com 2010-11-17T16:46:36Z)

Cardinal Health to Buy Kinray for $1.3 Billion Cash

Nov. 18 (Bloomberg) -- Cardinal Health Inc., the Dublin, Ohio-based drug distributor, said it plans to buy closely held Kinray Inc. for $1.3 billion in cash to expand in the northeastern U.S. The deal may add to earnings in fiscal 2011 and will contribute ... (Source: BusinessWeek 2010-11-18T14:50:53Z)

UPDATE 2-Mexico's Banorte nears deal with IXE, shares jump

MEXICO CITY, Nov 16 (Reuters) - Banorte (GFNORTEO.MX: Quote , Profile , Research , Stock Buzz ) is expected to announce on Wednesday the terms of a deal to buy smaller financial group IXE (IXEGFO.MX: Quote , Profile , Research , Stock Buzz ) in a bid to ... (Source: Yahoo Finance 2010-11-17T05:55:12Z)

Better Business Bureau makes changes: The Real Deal

East Syracuse (WSYR-TV/AP) - After allegations it accepted money in exchange for giving businesses a better grade, the Better Business Bureau is making some changes to how it rates companies and charities nationwide. Connecticut Attorney General Richard ... (Source: NewsChannel 9 WSYR 2010-11-18T22:00:23Z)

New York files suit against Rattner over alleged kickback scheme

New York Attorney General and Governor-elect Andrew Cuomo filed two lawsuits against Steven Rattner, former head of President Obama's auto task force, alleging he paid kickbacks to obtain $150 million from a large state pension fund to be invested in ... (Source: Detroit Free Press 2010-11-18T22:36:11Z)

UPI NewsTrack Sports

NEW YORK, Nov. 18 (UPI) -- Seattle right-hander Felix Hernandez has been voted the American League Cy Young Award winner as the league's top pitcher in 2010. Hernandez, 24, was just 13-12 on the year for a team that lost 101 games, but he had a major ... (Source: United Press International 2010-11-18T22:14:42Z)

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 UK 2010-11-17T03:46:21Z)

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)

Travel site Kayak.com files for IPO

NEW YORK (AP) -- Kayak Software Corp., whose site Kayak.com is a popular aggregator of flight and hotel deals, filed for an initial public offering Wednesday, with hopes of raising up to $50 million. The Norwalk, Conn., company did not say in its filing ... (Source: Yahoo Finance 2010-11-17T22:30:12Z)

Google Strikes Book-Scanning Deal with French Publisher

Google and the French publisher Hachette Livre have reached a deal pertaining to out-of-print books from the publisher. The deal will enable Google to scan and sell the books the publisher agrees to with a revenue split. The deal is non-exclusive, but is a ... (Source: Softpedia 2010-11-18T14:29:25Z)

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)

Ariba Announces Definitive Agreement to Acquire Quadrem

Deal will expand depth and breadth of Ariba Network creating additional value for buyers and sellers around the world SUNNYVALE, Calif., & AMSTERDAM, The Netherlands--(BUSINESS WIRE)-- Ariba, Inc. (Nasdaq: ARBA ), the leading provider of collaborative ... (Source: StreetInsider.com 2010-11-18T12:34:53Z)

Cardinal Health to buy Kinray for $1.3B in cash

Health care products maker Cardinal Health Inc. said Thursday it will buy New York-based drug distributor Kinray Inc. for $1.3 billion in cash, expanding its base of independent pharmacies by 40 percent. Cardinal Health said Kinray is the world's biggest ... (Source: AP - msnbc.com 2010-11-18T19:01:26Z)

Plea deal reached in Hank Morris pay-to-play pension fund case

A political consultant swept up in Attorney General Andrew Cuomo's pension fund probe has reached a plea deal with prosecutors, officials announced today. Longtime political adviser Hank Morris, the alleged mastermind of the massive pay-to-play scheme ... (Source: New York Post 2010-11-04T17:30:39Z)

Business group changes ratings system

HARTFORD, Conn. — The Better Business Bureau says it's abandoning a rating system that awarded rating points simply because a business was accredited. The Arlington, Va., group was criticized by Connecticut Attorney General Richard Blumenthal for the ... (Source: Los Angeles Times 2010-11-18T21:03:07Z)

Google Reaches Book Deal in France

PARIS—Google Inc. said Wednesday it had reached a preliminary agreement with French publisher Hachette Livre to make thousands of out-of-print books available to Internet users. The deal, under which Hachette Livre decides which books Google can scan and ... (Source: Wall Street Journal 2010-11-18T08:45:49Z)

Mexico's Banorte and Ixe to Merge

MEXICO CITY—Mexican banking concern Grupo Financiero Banorte SAB de CV said Wednesday that it has agreed to merge with niche financial group Ixe Grupo Financiero SAB de CV in an all-stock deal valued at about 16.2 billion pesos ($1.3 billion). Banorte ... (Source: Wall Street Journal 2010-11-17T21:32:56Z)

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)

Twins extend Ron Gardenhire

MINNEAPOLIS -- The Minnesota Twins have signed newly minted American League Manager of the Year Ron Gardenhire to a two-year contract extension through the 2013 season. The Twins announced the deal Thursday, the day after Gardenhire was voted the league's ... (Source: ESPN.com 2010-11-18T17:49:51Z)

South Korea, US Fail to Finalize Stalled Trade Deal

SEOUL, South Korea (Nov. 11) -- South Korea and the United States failed to score a breakthrough on a long-stalled free trade agreement and will keep negotiating, their presidents said Thursday, in a sharp setback to hopes of speedily ratifying the ... (Source: AOL News 2010-11-11T22:30:10Z)

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)

Leader says U.S. Chamber of Commerce won't seek Obama's defeat

WASHINGTON | Declaring "this is not personal," the U.S. Chamber of Commerce president said Wednesday that his trade group would work with the White House, despite the chamber's hard-charging midterm election campaign and continued opposition to Obama ... (Source: Kansas City Star 2010-11-18T05:03:55Z)

Northern Foods, Greencore Merging to Form New Chilled Foods Company

UK's Northern Foods and Ireland's Greencore said Wednesday they are merging to form a new company called Essenta Foods. Under the terms of the deal, Northern shareholders will receive about 0.448 Greencore shares for every one of their shares ... (Source: FOXBusiness 2010-11-17T19:59:53Z)

Minnesota Twins sign Ron Gardenhire to two-year extension

The Minnesota Twins have signed newly anointed American League manager of the year Ron Gardenhire to a two-year contract extension, the team announced today. The deal will last through the 2012-13 season. The Twins also signed pitching coach Rick Anderson ... (Source: Pioneer Press 2010-11-18T17:28:22Z)

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