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, 7:43 pm

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)

Amgen reportedly studying offer for Actelion

LOS ANGELES Nov 16 (Reuters) - Amgen Inc ( AMGN.O ), the world's largest biotechnology company, is studying a takeover offer for Swiss drugmaker Actelion Ltd ( ATLN.VX ), Bloomberg News reported on Tuesday. Amgen has said publicly that it is looking to ... (Source: Reuters 2010-11-16T20:08:14Z)

Amgen Said to Study Takeover Offer for Swiss Drugmaker Actelion

Nov. 16 (Bloomberg) -- Amgen Inc., the world's largest biotechnology company, is studying a takeover offer for Actelion Ltd. and may approach the Swiss drugmaker as early as this week, said two people with knowledge of the matter. Actelion and its ... (Source: BusinessWeek 2010-11-16T19:03:48Z)

Barefoot Bandit' Suspect Weighs Book Deal

SEATTLE (AP) — The lawyer for the teenager accused of being the "Barefoot Bandit" is working with prosecutors to negotiate a plea deal the lawyer says could involve using movie- or book-deal profits to compensate the victims of an alleged two-year ... (Source: New York Times 2010-11-19T02:39:34Z)

Actelion, Eyed by Amgen, May Fetch $9.8 Billion Bid

Nov. 18 (Bloomberg) -- Actelion Ltd., the Swiss drugmaker that may attract a takeover offer from Amgen Inc., may fetch as much as 9.7 billion Swiss francs ($9.8 billion) in an acquisition, according to analysts. An acquirer may pay about 70 francs per ... (Source: BusinessWeek 2010-11-18T14:29:25Z)

Senate Dems pressure Majority Leader Harry Reid to strike deal with GOP on military-gay debate

WASHINGTON — Some Senate Democrats are pressuring Majority Leader Harry Reid to strike a deal with Republicans to aid passage of a bill that would let gays serve openly in the military. A dozen Democrats and Sen. Joseph Lieberman, an independent from ... (Source: Washington Examiner 2010-11-18T19:08:35Z)

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)

Alleged 'Barefoot Bandit' pleads not guilty

Seattle, Washington (CNN) -- Colton Harris-Moore pleaded not guilty in a Seattle courtroom Thursday to five federal charges, including transporting a stolen aircraft, transporting a stolen firearm and flying a plane without a license. Harris-Moore, 19 ... (Source: CNN 2010-11-18T23:04:49Z)

10 Shots Of Espresso In One Drink Equals "Coffee Porn In A Cup"

A New York coffee shop is offering a 20-ounce beverage with 10 shots of espresso billed as "coffee porn in a cup." Tony Fisher, owner of The Pulp & The Bean, said the Dieci, named after the Italian word for 10, went on sale Tuesday after he realized the ... (Source: Post Chronicle 2010-11-18T17:57:00Z)

Senate Democrats pressure Harry Reid to strike a deal with GOP on gays in the military

WASHINGTON (AP) - Senate Democrats on Thursday pressured Majority Leader Harry Reid to strike a deal with Republicans to aid passage of a bill that would let gays serve openly in the military. A dozen Democrats and Sen. Joseph Lieberman, an independent ... (Source: Reno Gazette 2010-11-18T21:38:55Z)

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)

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)

Genzyme selling unit for $265 million to Sekisui

NEW YORK (MarketWatch) -- Biotechnology company Genzyme Corp. (NASDAQ:GENZ) said Thursday it agreed to sell its diagnostic products business to Sekisui Chemical Co. for $265 million. Cambridge, Mass.-based Genzyme said the sale was part of a broader ... (Source: Marketwatch 2010-11-18T13:17:50Z)

Republican urges S.Korea give more on autos, beef

WASHINGTON — A Republican lawmaker urged South Korea on Wednesday to make more concessions on beef and automobiles in high-stakes trade talks this week with the United States, as a U.S. business leader said issues must be settled fast to get a deal ... (Source: comcast.net 2010-11-01T16:44:06Z)

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)

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)

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 2010-11-18T13:53:37Z)

Genzyme to sell diagnostic unit to Japan's Sekisui

TOKYO (Reuters) - U.S. biotechnology company Genzyme Corp( GENZ.O ) will sell its diagnostics business to Japan's Sekisui Chemical( 4204.T ) for $265 million, one of three units it designated for sale in a bid to shore up investor confidence. The deal ... (Source: Reuters India 2010-11-18T17:28:22Z)

Democrats to hold votes on middle class tax cuts

After meeting with President Barack Obama Thursday, Democratic leaders in Congress said they plan to hold a series of politically charged votes to extend middle-class tax cuts while letting tax cuts for the wealthy expire. Republicans are expected to block ... (Source: AP - msnbc.com 2010-11-19T01:06:30Z)

10-Shot Espresso Cup Drink Dubbed 'Porn In A Cup'

A Brooklyn coffee shop began offering a new espresso drink Tuesday which contains 10 shots of espresso in a single 20 oz. cup. This new drink, dubbed 'Porn in a Cup' is not for everyone, that's for sure. Tony Fisher, 37, owns The Pulp & The Bean in ... (Source: Gather.com 2010-11-18T20:55:58Z)

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)

10 Shots in a Cup

The Crown Heights coffee shop The Pulp & The Bean is serving a drink, known as "Dieci" (Italian for "10"), that contains 10 shots of expresso in one cup, according to Reuters News Service. Shop owner Tony Fisher, 37, says, "This is for the person ... (Source: Brooklyn Daily Eagle 2010-11-18T19:58:42Z)

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)

Cardinal Health to buy Kinray for $1.3B in cash

DUBLIN, Ohio -- 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. The deal is expected to close in late 2010 or early 2011. Cardinal Health said the deal could ... (Source: Forbes 2010-11-18T13:46:28Z)

Entry into a Material Definitive Agreement, Unregistered Sale of Equity Securities, Fin

Item 1.01. Entry into a Material Definitive Agreement. Overview of Acquisition. On November 18, 2010, Ariba, Inc. ("Ariba"), Quadrem International Holdings, Ltd ("Quadrem") and Charlotte, Ltd., as stockholders' representative, entered into a Stock Purchase ... (Source: YAHOO! 2010-11-18T12:34:53Z)

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)

BBB 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: Cincinnati.com 2010-11-19T02:53:53Z)

'Barefoot Bandit' suspect pleads not guilty

The attorney for the teenager accused of being the "Barefoot Bandit" is working with prosecutors to negotiate a plea deal the lawyer says could involve using movie- or book-deal profits to compensate the victims of an alleged two-year, cross-country crime ... (Source: AP - msnbc.com 2010-11-18T22:29:01Z)

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)

UPDATE 1-Genzyme to sell diagnostic unit to Sekisui Chemical

TOKYO, Nov 18 (Reuters) - U.S. biotechnology company Genzyme Corp ( GENZ.O ) will sell its diagnostics business to Japan's Sekisui Chemical ( 4204.T ) for $265 million, one of three units it designated for sale in a bid to shore up investor confidence. The ... (Source: Reuters 2010-11-18T06:01:11Z)

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