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, 7:39 am

Moody's lifts outlook on New York Times debt offer

The New York Times Co. is raising $225 million in capital through the sale of senior debt, part of a refinancing strategy that could help it pay back a high-interest loan from Mexican billionaire Carlos Slim. The move drew a positive reaction from two ... (Source: Forbes 2010-11-01T22:06:14Z)

David Cameron may stall on sale of taxpayers' stake in RBS

David Cameron today hinted that the Government may delay the sale of the taxpayers' majority stake in Royal Bank of Scotland to give them more of a say in how the bank operates. The Prime Minister suggested that, rather than simply attempt to sell the ... (Source: Evening Standard 2010-10-25T11:30:17Z)

2011 WWE ROYAL RUMBLE IN BOSTON GOING ON SALE THIS SATURDAY

The 2011 Royal Rumble PPV, which will take place on 1/30/11 at the TD Garden in Boston, MA will go on sale this Saturday morning at 10 AM. Tickets are priced at $300 (including a take-home chair) down to $25. (Source: Pro Wrestling Insider 2010-11-01T17:27:03Z)

Wilmington Trust Widens 3Q Loss, Agrees to be Purchased by M&T at Discount

M&T Bank ( MTB ) gained on Monday after announcing its plan to buy Wilmington Trust ( WL ) in a bargain deal valued at $351 million, a whopping 46% discount.  Under the terms of the all-stock transaction, Wilmington shareholders will receive just over a ... (Source: FOXBusiness 2010-11-01T23:17:49Z)

Japan 'Temporarily' Recalls Russia Envoy Over Dispute

Nov. 2 (Bloomberg) -- Japan recalled its ambassador to Russia, the first such diplomatic step in at least five years, in response to a renewed territorial dispute over inhabited islands that lie between the countries. Foreign Minister Seiji Maehara said he ... (Source: BusinessWeek 2010-11-02T09:11:57Z)

Asian Shares End Mixed;Sydney Tad Up After Surprise Rate Hike

SINGAPORE (Dow Jones)--Asian markets ended mixed Tuesday as investors awaited details of an additional monetary easing program expected from the U.S. Federal Reserve this week, while Sydney shares edged higher after Australia's central bank surprised ... (Source: Wall Street Journal 2010-11-02T11:13:38Z)

WRAPUP 4-Clinton urges calm after China-Japan row at summit

Clinton, in Vietnam for the first U.S. participation in an East Asia Summit (EAS), also got assurances from China over its policy on exporting rare earth minerals that it wished to be a "reliable supplier". "Minister Yang clarified China has no intention ... (Source: Reuters 2010-10-30T11:38:40Z)

Various News: WWE Royal Rumble Tickets Go On Sale Saturday, Tiger Jeet Singh Video

- Tickets for the 2011 WWE Royal Rumble will go on sale Saturday at 10AM ET. The event takes place at the TD Garden in Boston, MA. Tickets top off at $300 (which includes a take home chair) all the way down to $25. [Credit: Pwinsider.com ] (Source: 411mania.com 2010-11-01T17:41:22Z)

Most Asian Stocks Dip as Australia Raises Rate; Yen Retreats

Nov. 2 (Bloomberg) -- Most Asian stocks fell after Australia unexpectedly raised its interest rate before central bank meetings in the U.S., Japan and India. The yen declined from a 15-year high. The MSCI Asia Pacific Index climbed 0.2 percent to 130.60 as ... (Source: BusinessWeek 2010-11-02T04:25:37Z)

U.S. seeks to allay conflict between Japan and China

HANOI, Vietnam — With tensions between China and Japan spilling out at an East Asian summit meeting in Hanoi, the United States is trying to defuse an escalating diplomatic dispute over their competing claims to a cluster of small islands in the East ... (Source: Seattle Times 2010-10-31T03:37:53Z)

AIG raises $37 billion from Alico sale and IPO in effort to repay U.S. bailout

In its ongoing effort to repay taxpayers , bailed-out insurance giant American International Group in recent days has raised nearly $37 billion through the sale of one of its premier subsidiaries and the initial public offering of another. AIG announced ... (Source: Washington Post 2010-11-02T07:31:44Z)

RBS launches two corporate bonds

Royal Bank of Scotland has launched two new corporate bonds available to retail investors through the London Stock Exchange's ORB platform. The inflation linked bond and floating rate bond will both offer a minimum return of 3.9 per cent with quarterly ... (Source: What Investment 2010-11-02T09:26:16Z)

AIG tots up $37bn from Alico sale and AIA float

AIG , the insurance group bailed out by the US government in 2008, has raised almost $37bn by selling its Alico life insurance subsidiary and floating its AIA unit in Asia. Robert Benmosche, chief executive, celebrated a "major milestone in our ... (Source: Financial Times 2010-11-02T02:16:46Z)

BRIEF-Garanti Bank confirms stake sale to BBVA

ISTANBUL Nov 2 (Reuters) - Turkey's Garanti Bank ( GARAN.IS ) in a filing to the Istanbul stock exchange on Tuesday: * Says Dogus Group signed deal on Monday to sell 6.29 percent Garanti stake to Spain's BBVA. * BBVA ( BBVA.MC ) agreed with GE to buy 18.60 ... (Source: Reuters UK 2010-11-02T07:10:16Z)

New York Times outlook raised on $225M offering

The New York Times Co. is raising $225 million in capital through the sale of senior debt, part of a refinancing strategy that could help it pay back a high-interest loan from Mexican billionaire Carlos Slim. The move prompted two ratings agencies to ... (Source: AP - msnbc.com 2010-11-01T21:08:58Z)

Japan will aim to join U.S.-led trade pact: report

TOKYO (Reuters) – Japan will aim to join a U.S.-led Asia-Pacific free trade pact while pursuing agriculture reform to overcome resistance from farmers, the Nikkei business daily reported on Monday. Business lobbies, worried Japan is lagging behind rivals ... (Source: YAHOO! 2010-11-01T10:31:53Z)

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)

3rd UPDATE: AIG Closes Alico Sale; Treasury Seen Making Profit

The U.S. Treasury Department said Monday it expects to earn a profit on its loans to and investments in American International Group Inc. ( AIG ), the troubled insurer it helped bail out at the height of the financial crisis. Treasury's announcement ... (Source: NASDAQ 2010-11-01T21:59:04Z)

BBVA to buy stake in Turkey's Garanti for $5.8B

Spanish bank BBVA says it has agreed to acquire a 24.89 percent stake in Turkey's Garanti Bank for €4.2 billion ($5.84 billion) in cash. BBVA, Spain's largest bank after Banco Santander, said it will buy the stake from the Turkish bank's two main ... (Source: AP - msnbc.com 2010-11-02T14:19:45Z)

Moody's lifts outlook on New York Times debt offer

N EW YORK - The New York Times [ NYT ] Co. is raising $225 million in capital through the sale of senior debt, part of a refinancing strategy that could help it pay back a high-interest loan from Mexican billionaire Carlos Slim. The move drew a positive ... (Source: Boston Herald 2010-11-01T22:06:14Z)

Japan business groups urge free-trade talk

Major Japanese business groups have 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 joining the ... (Source: Shepparton News 2010-11-01T22:20:33Z)

Clinton joins summit after China, Japan flare-up

U.S. Secretary of State Hillary Clinton joins an Asia-Pacific summit Saturday after a flare-up in Chinese anger at Japan over disputed islands that cast doubt over prospects for reconciliation between the two Asian powers. A Chinese Foreign Ministry ... (Source: msnbc.com 2010-10-30T03:46:14Z)

Spain's BBVA bank to acquire 25 percent of Garanti Bank of Turkey for $5.8 billion

MADRID (AP) — Spanish bank BBVA said Tuesday it has agreed to acquire a 24.89 percent stake in Turkey's Garanti Bank for euro4.2 billion ($5.84 billion) in cash and run it jointly with the Turkish bank's main shareholder. BBVA, Spain's largest bank after ... (Source: Los Angeles Times 2010-11-02T09:33:26Z)

RBS picks advisors for insurance sale, IPO: source

LONDON (Reuters) - Royal Bank of Scotland (RBS) ( RBS.L ) has appointed advisors to assess options for its insurance arm, which could include the flotation of the home of Direct Line and Churchill motor insurance brands, a source said. U.S. investment ... (Source: Reuters 2010-10-28T13:49:54Z)

Japan recalls envoy from Moscow over territorial row (2nd Roundup)

Tokyo - The Japanese government said Tuesday it would temporarily recall its ambassador from Moscow in response to a visit by Russian President Dmitry Medvedev to a disputed island north-east of Japan. Foreign Minister Seiji Maehara said the decision was ... (Source: Monsters and Critics 2010-11-02T14:19:45Z)

Most Asian Stocks Drop as Australia Raises Rate; Yen Retreats

Nov. 2 (Bloomberg) -- Most Asian stocks fell as India and Australia raised interest rates before central bank meet in the U.S. and Japan. The yen declined from a 15-year high while the Australian currency reached parity with the dollar. The MSCI Asia ... (Source: BusinessWeek 2010-11-02T08:14:41Z)

Celtics' ticket sales get boost from LeBron James

I t will be standing-room only for Tuesday's home opener between the Boston Celtics [ team stats ] and the Miami Heat at the TD Garden. "This is by far the hottest ticket we've ever seen for a season opener," said FanSnap CEO Michael Janes. Late ... (Source: Boston Herald 2010-10-25T02:54:53Z)

Russian president to visit other isles off Japan

OSLO (Reuters) – Russian President Dmitry Medvedev plans to visit other islands disputed with Japan and step up investments in the archipelago, Russia's foreign minister said on Tuesday, deepening a diplomatic row between Moscow and Tokyo. Foreign ... (Source: YAHOO! 2010-11-02T13:01:01Z)

M&T Bank buys Wilmington Trust for $351M in stock

NEW YORK — M&T Bank (MTB) said Monday that it is paying about $351 million for beleaguered Wilmington Trust Co. of Wilmington, Del., whose loan portfolio has been deteriorating with no end in sight. Wilmington Trust Chairman and CEO Donald Foley said the ... (Source: USA Today 2010-11-02T00:58:02Z)

UPDATE:Wilmington Advisory Business To Keep Brand After M&T Takeover

Wilmington Trust Corporation's ( WL ) advisory business will become a Wilmington Trust-branded unit of M&T Bank ( MTB ) through M&T's planned takeover of the Wilmington, Del.-based trust company. Under M&T, Wilmington Trust's Wealth Advisory Services and ... (Source: NASDAQ 2010-11-01T18:02:51Z)

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