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 2, 2010, 3:40 am

BBVA bank announces big step into Turkish banking

BBVA bank, the second-biggest Spanish bank, said on Tuesday that it had agreed to buy 24.89 percent of Turkish bank Garanti Bankasi for 5.8 billion dollars (4.2 billion euros). BBVA said in a statement that it would raise capital of up to 5.06 billion ... (Source: Big Hollywood 2010-11-02T10:02:03Z)

England overtakes Germany in shirt deals, study shows

MADRID (Reuters) - The English Premier League has leapfrogged Germany's Bundesliga as the biggest earner from shirt sponsorship, according to a study by consulting firm Sport+Markt published on Thursday. Despite tough times for the British economy ... (Source: Reuters India 2010-10-28T15:22:57Z)

McKesson to acquire US Oncology in $2.16B deal

McKesson Corp. said Monday it will acquire US Oncology in an all-cash deal it valued at $2.16 billion. McKesson, a San Francisco medical company that specializes in pharmaceutical supplies, said it will buy all the outstanding shares of US Oncology. The ... (Source: AP - msnbc.com 2010-11-01T12:33:34Z)

International Oil &

Aspen Technology, Inc. (NASDAQ: AZPN), a leading provider of software and services to the process industries, announced it has signed a multimillion dollar contract with international oil & gas facilities service provider Petrofac. The deal will result in ... (Source: Consumer Electronics Net 2010-11-01T13:02:12Z)

Canada aims for quick decision on BHP-Potash deal

OTTAWA (Reuters) - Canada aims to decide quickly whether to approve or block BHP Billiton's $39 billion takeover bid for Potash Corp, Industry Minister Tony Clement said on Monday. Clement told reporters he was in the final stages of deliberations on the ... (Source: Reuters 2010-11-02T03:14:02Z)

PRESS DIGEST - Canada - Nov 2

Nov 2 (Reuters) - The following are top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAIL: - The Conservative government is walking a delicate political path as ... (Source: Reuters India 2010-11-02T09:47:45Z)

India may form consortium to buy Exxon's Angola stake

Some of India's state-owned oil companies may form a consortium to buy a 25% stake owned by Exxon Mobil Corp.'s Angolan arm—estimated to be worth around $2 billion—in an oil block in that country. ONGC Videsh Ltd (OVL), the overseas arm of Oil and ... (Source: Livemint.com 2010-11-01T19:28:45Z)

O.N.G.C. Said to Eye Exxon Stake In Angolan Field

Oil and Natural Gas Corp. , the Indian state-run explorer, is in talks with Exxon Mobil 's Angolan arm to buy its 25 percent stake in an oil field for about $2 billion, The Economic Times reported. A unit of India's O.N.G.C., called O.N.G.C. Videsh ... (Source: New York Times Blogs 2010-11-01T08:30:11Z)

Exelon, ETA, AEP to Develop High Voltage Transmission Project

Exelon (EXC), Electric Transmission America, and American Electric Power (AEP) have signed a memorandum of understanding to develop a high-voltage transmission project that the companies say will become a significant backbone of the next generation ... (Source: The Evening Leader 2010-11-01T19:57:23Z)

McKesson: S.F. company to acquire US Oncology in $560M deal

SAN FRANCISCO -- Medical supplies distributor McKesson Corp. said Monday it will pay $560 million in cash to acquire US Oncology, a company that provides drugs and services to 500 cancer centers across the U.S. McKesson said there is already an overlap ... (Source: San Jose Mercury News 2010-11-02T02:52:34Z)

Canada Splits on Foreign Bid for Potash

Canada's impending decision on the fate of Potash Corp. of Saskatchewan has ignited a fierce national debate in a country known for its championship of free trade and laissez-faire attitude toward foreign takeovers. Politicians from a wide spectrum are ... (Source: Wall Street Journal 2010-11-02T01:26:40Z)

Verizon iPhone in early 2011 a done deal: Fortune report

When Verizon announced it would begin  selling the iPad in its stores , albeit with a MiFi hotspot device for 3G connectvity, we said that this was the final signal, that after all the other signs earlier this year, Verizon would be getting the iPhone in ... (Source: Examiner 2010-10-30T14:23:19Z)

AspenTech Secures Multimillion Dollar Contract From Petrofac - Quick Facts

(RTTNews) - Monday, Aspen Technology, Inc. (AZPN: News ), a provider of software and services to the process industries, said it inked a multimillion dollar contract with oil & gas facilities service provider Petrofac. The deal will result in aspenONE ... (Source: RTT News 2010-11-01T12:04:56Z)

McKesson: S.F. company to acquire US Oncology in $2.16B deal

SAN FRANCISCO -- McKesson said Monday it will acquire US Oncology in an all-cash deal it valued at $2.16 billion. McKesson, a San Francisco medical company that specializes in pharmaceutical supplies, said it will buy all the outstanding shares of US ... (Source: San Jose Mercury News 2010-11-01T16:08:19Z)

Japan, India sign deal to boost trade, investment

The leaders of India and Japan signed a broad agreement Monday aimed at increasing trade and agreed to speed up talks toward a civilian nuclear energy deal _ despite sensitivity in Japan over India's past atomic test blasts. Indian Prime Minister Manmohan ... (Source: Grand Island Independent 2010-10-25T13:31:59Z)

Intel agrees to make chips for a startup firm

REUTERS - U.S. computer chipmaker Intel Corp has agreed to make chips for startup firm Achronix Semiconductor Corp, an Intel spokesman told Reuters. The deal with Achronix, which was initially reported by the Wall Street Journal, would be the first time ... (Source: Reuters India 2010-11-01T06:28:30Z)

UPDATE 1-BBVA buys 24.9 pct Garanti stake in $5.8 bln deal

MADRID, Nov 2 (Reuters) - Spanish bank BBVA ( BBVA.MC ) has bought a 24.9 percent stake in Turkish peer Garanti Bank, mostly from General Electric ( GE.N ), in a $5.8 billion deal, and is to carry out a 5.1 billion euro ($7.1 billion) capital hike. Garanti ... (Source: Reuters 2010-11-02T07:31:44Z)

Exelon Joins ETA For High Voltage Transmission Project - Quick Facts

(RTTNews) - Exelon Corp. (EXC: News ) Monday said that it signed a memorandum of understanding or MOU with Electric Transmission America or ETA and American Electric Power or AEP to develop an extra high-voltage transmission project that will become a ... (Source: RTT News 2010-11-02T07:31:44Z)

Deals of the day -- mergers and acquisitions

Nov 1 (Reuters) - The following bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies were reported by 0900 GMT on Monday. (For Reuters columns on deals, click on [DEALTALK/]) ** BHP Billiton ( BHP.AX ) is planning to raise ... (Source: Reuters 2010-11-01T09:20:18Z)

English clubs overtake Germans for shirt revenue

LONDON - The English Premier League has overtaken Germany's Bundesliga for attracting Europe's most lucrative shirt sponsorship deals, according to a study published on Thursday. The 12th SPORT+MARKT European Football Jersey Report shows England's top 20 ... (Source: CNBC 2010-10-28T16:56:01Z)

Apple enlists Unisys to help draw business users

Apple, maker of the iPhone and Macintosh computer, has enlisted Unisys to help it sell more to businesses and U.S. government agencies, expanding beyond a customer base made mostly of consumers. Unisys will provide maintenance and other services to ... (Source: San Jose Mercury News 2010-10-26T14:28:03Z)

Maven Semantic Releases Neurodegenerative Research Database

Nov 02, 2010 (Close-Up Media via COMTEX) -- Maven Semantic announced updates to its Neurodegenerative research database. According to a release, the new database is now available to marketing, business development, competitor intelligence, KOL, medical ... (Source: TMCnet 2010-11-02T07:03:06Z)

International Oil & Gas Company Petrofac Awards Multimillion Dollar Contract to AspenTech

Aspen Technology, Inc. (NASDAQ: AZPN), a leading provider of software and services to the process industries, announced it has signed a multimillion dollar contract with international oil & gas facilities service provider Petrofac. The deal will result in ... (Source: PR Inside 2010-11-01T12:12:06Z)

End of the road for Indo-Japan nuclear deal?

T he India-Japan civil nuclear deal might not fructify anytime too soon, with Prime Minister Manmohan Singh acknowledging that India was keenly aware of Japanese sensitivities on the matter and "would not like to force the issue". Dr Singh was addressing a ... (Source: Rediff 2010-10-25T07:12:35Z)

Japan groups urge PM to join Pacific trade talks

TOKYO -- Major Japanese business groups on Monday urged Prime Minister Naoto Kan to join talks on a Pacific free-trade pact when he hosts the Asia Pacific Economic Cooperation (APEC) summit this month. Heated debate within the government has broken out on ... (Source: China Post 2010-11-02T08:14:41Z)

Intel to make chips for a startup firm

US computer chipmaker Intel Corp has agreed to make chips for startup firm Achronix Semiconductor Corp, an Intel spokesman told Reuters. The deal with Achronix, which was initially reported by the Wall Street Journal, would be the first time Intel has ... (Source: The Daily Star 2010-11-01T16:58:25Z)

Intel will make chips for Achronix

SEMICONDUCTOR GIANT Intel has agreed to make chips for the startup firm Achronix Semiconductor, the Wall Street Journal has revealed. Details about the deal are expected to be made public today. If it is all as the WSJ claims, it will be the first time ... (Source: The Inquirer 2010-11-01T10:17:34Z)

Exelon Inks Deal For High-Voltage Midwest Transmission System

Exelon , Electric Transmission America, and American Electric Power have signed a memorandum of understanding to develop a high-voltage transmission project that the companies say will become a significant backbone of the next generation transmission ... (Source: Forbes 2010-11-01T19:35:54Z)

BBVA to jointly run Garanti Bank in $5.8 billion deal

MADRID (Reuters) - Spanish bank BBVA ( BBVA.MC ) has bought joint control of Turkish peer Garanti Bank ( GARAN.IS ) in a $5.8 billion deal to escape a price war for deposits and high funding costs in its sluggish home economy. "BBVA wants to be in markets ... (Source: Reuters UK 2010-11-02T08:36:10Z)

If the iPad is the new iPod, is the new Nook an Atari Lynx?

Barnes & Noble decided it had to be first to market with a color e-reader, even if that meant not putting out a perfectly polished device. But in an iPad world, the dedicated e-reader race might not even matter. When news leaked of the Nook Color, the new ... (Source: Fortune Tech 2010-10-29T17:09:08Z)

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