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, 7:40 pm

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)

Car buyers likely to soon find deals

DETROIT -- If you're holding out for a bargain on a car, you could be rewarded later this year. Automakers are more likely to offer promotions on certain makes and models -- particularly luxury cars, sport utility vehicles and trucks -- to clear out their ... (Source: News-Democrat 2010-11-02T06:13:00Z)

Allied Irish shareholders debate sale of M&T stake

Shareholders of embattled Allied Irish Banks debated Monday whether to sell a 22.4 percent stake in M&T Bank of New York - one of the group's few profitable foreign assets - part of an uphill struggle to prevent it from becoming the fourth Irish bank taken ... (Source: Kansas City Star 2010-11-01T12:26:25Z)

Portugal PSD says govt vowed to cut spending further

LISBON Nov 2 (Reuters) - Portugal's government has told the main opposition Social Democrats (PSD) it will cut primary spending by 500 million euros as part of last week's deal to allow the passage of an austere 2011 budget bill, the PSD leader said on ... (Source: Reuters 2010-11-02T10:16:22Z)

Vikings deal with Moss mess; no claims yet

MINNEAPOLIS -- Brad Childress and the Minnesota Vikings have another big mess on their hands. Randy Moss' abrupt departure was just the latest in what has been a season long on drama and short on success for a 2-5 team that started with Super Bowl ... (Source: New York Post 2010-11-02T23:38:06Z)

UPDATE 1-Portugal PSD says govt vowed to cut spending further

LISBON, Nov 2 (Reuters) - Portugal's government has promised to cut spending by a further 500 million euros as part of a deal with the opposition Social Democrats (PSD) to pass an austere 2011 budget, the PSD leader said on Tuesday. The deal hammered out ... (Source: Reuters 2010-11-02T12:03:45Z)

Hitachi hard drive unit gets ready for U.S. IPO

TOKYO, Nov 2 (Reuters) - Hitachi Ltd said on Tuesday its hard disk drive unit is preparing for a U.S. listing -- a deal sources have said could be worth up to $1 billion, making it one of the largest tech IPOs in the United States in the past decade. The ... (Source: The Guardian 2010-11-02T09:33:26Z)

McKesson to acquire US Oncology in $2.16B deal

SAN FRANCISCO -- McKesson Corp. says 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 Monday it will buy all the outstanding share of US ... (Source: Raleigh News & Observer 2010-11-01T12:26:25Z)

General Growth Properties reports Q3 losses

General Growth Properties , a major landlord in Hawaii, reported Friday net operating income of $581.8 million and a net loss of $231.2 million, or 73 cents per share, for the third quarter. That compared with net operating income of $582.9 million and a ... (Source: Birmingham Business Journal 2010-10-30T05:40:46Z)

Portugal's government wins small respite with budget deal

LISBON (Reuters) - Portugal's minority Socialist government has won time with a political deal on the 2011 budget but now faces widespread popular discontent, the threat of a snap election sooner or later and a return to recession. The government and ... (Source: Reuters UK 2010-11-02T10:02:03Z)

Irsay: Colts have new contract proposal for Manning

INDIANAPOLIS (AP) -- Colts owner Jim Irsay says the team wanted to make Peyton Manning a contract proposal during the team's bye week but acknowledged Manning wants to wait until after the season to complete a new deal. Manning's contract expires at the ... (Source: CNN Sports Illustrated 2010-11-01T18:10:00Z)

Hitachi Global Storage Technologies to Commence Preparation for an Initial Public Offering

Hitachi, Ltd. (NYSE:HIT)(TOKYO:6501)(hereinafter Hitachi) and Hitachi Global Storage Technologies (hereinafter Hitachi GST), its wholly owned subsidiary, today announced that Hitachi GST has commenced preparation to make its initial public offering with a ... (Source: Daily Finance 2010-11-02T14:12:36Z)

Debt collectors may use social media to track debtors

When you post your whereabouts on Facebook or tweet that you've come into a windfall or new job, it's not just your closest 100 friends who care. Debt collectors are using social media sites to track those who owe money. "It's just like debt collectors ... (Source: Raleigh News & Observer 2010-11-01T12:26:25Z)

Vikings coach Brad Childress fumbles Randy Moss deal

RC : There are probably 25 teams out there who would take talented Moss in a heartbeat. But some of them will do it with a blindfold and a nose plug to keep from seeing and smelling evil. Moss can win you games, but he can also break your heart. Moss maybe ... (Source: USA Today 2010-11-02T23:16:38Z)

Car Buyers Likely To Find Deals Later This Year

DETROIT (AP) -- If you're holding out for a bargain on a car, you could be rewarded this month or next. Automakers are more likely to offer promotions on certain makes and models -- particularly luxury cars, SUVs and trucks -- to clear out their older ... (Source: Industrial Distribution 2010-11-02T14:05:26Z)

JetBlue begins service in DC's Reagan Airport

JetBlue Airways launched service Monday at Washington's Reagan National Airport with daily flights to Boston and Florida. The airline offered limited seats between Washington and Boston's Logan Airport at $49 each way in a sale that ends Thursday. The ... (Source: Long Island Business News 2010-11-02T13:22:29Z)

Colts will wait till after 2010 season to give Manning a new deal

Jim Irsay will have to wait until after this season until his star franchise quarterback Peyton Manning will get his new deal, according to the Associated Press. The Indianapolis Colts' quarterback looks to become the highest-paid player in NFL history ... (Source: NFL GridIron Gab 2010-11-02T21:57:53Z)

UPDATE 2-Hitachi hard drive unit gets ready for U.S. IPO

TOKYO, Nov 2 (Reuters) - Hitachi Ltd ( 6501.T ) said on Tuesday its hard disk drive unit is preparing for a U.S. listing -- a deal sources have said could be worth up to $1 billion, making it one of the largest tech IPOs in the United States in the past ... (Source: Reuters 2010-11-02T09:26:16Z)

JetBlue begins service from DC's Reagan Airport to Boston, Florida

WASHINGTON - JetBlue Airways launched service Monday at Washington's Reagan National Airport with daily flights to Boston and Florida. The airline offered limited seats between Washington and Boston's Logan Airport at $49 each way in a sale that ends ... (Source: Canada East 2010-11-01T22:49:11Z)

UPDATE 1-New GGP files for $8.14 bln stock, warrant sale

Nov 1 (Reuters) - New GGP Inc, to be spun-off from mall operator General Growth Properties ( GGP.N ), which is expected to emerge from bankruptcy next week, filed with U.S. regulators to offer shares and warrants worth up to $8.14 billion. In a regulatory ... (Source: Reuters India 2010-11-01T11:57:47Z)

Randy Moss move smacks of desperation as Vikings lunacy continues

T hanks for stopping by, Randy. Things took another turn toward the ridiculous at the loony bin Monday as the Vikings decided to waive Randy Moss. Clearly, this was an effort by Brad Childress to retain control as this season, and probably the guys in the ... (Source: Boston Herald 2010-11-03T02:08:26Z)

General Growth Properties set to emerge from bankruptcy with new CEO

As it prepares to emerge from bankruptcy, General Growth Properties ( GGP : 17.00 +1.19% ) named Sandeep Mathrani chief executive. Mathrani will move into his new post early next year, the company said in a press release. He joins Bruce Flatt, who is ... (Source: Housing Wire 2010-11-01T19:14:26Z)

Car buyers likelier to find deals later this year

If you're holding out for a bargain on a car, you could be rewarded this month or next. Automakers are more likely to offer promotions on certain makes and models — particularly luxury cars, SUVs and trucks — to clear out their older models and improve ... (Source: AP - msnbc.com 2010-11-01T23:46:27Z)

JetBlue begins service in DC's Reagan Airport

JetBlue Airways launched service Monday at Washington's Reagan National Airport with daily flights to Boston and Florida. The airline offered limited seats between Washington and Boston's Logan Airport at $49 each way in a sale that ends Thursday. The ... (Source: AP - msnbc.com 2010-11-01T21:16:07Z)

Colts wait to offer Peyton Manning deal

INDIANAPOLIS -- Jim Irsay insists Peyton Manning will be the NFL's highest-paid player next season. He'll just have to wait until after this season to close the deal. The Colts owner said Monday he was prepared to make a contract offer to Manning during ... (Source: ESPN.com 2010-11-01T18:38:38Z)

NFL midseason report: Roundtable

As we hit the midpoint of the '10 NFL season, we asked Sporting News's four NFL staff writers—Clifton Brown, Dennis Dillon, Steve Greenberg and Vinnie Iyer—for their quick thoughts on five big questions: 1. Which team is in for a second-half fall ... (Source: Sporting News 2010-11-03T02:01:16Z)

Irsay: Colts wanted to complete Manning negotiations over bye

INDIANAPOLIS -- Peyton Manning 's refusal to accept a contract proposal from the Indianapolis Colts during last week's bye and informing the team he'd prefer to wait until after the season to complete a new deal was a strategic move aimed at giving the ... (Source: NFL 2010-11-02T06:13:00Z)

Jim Irsay: Colts holding off in contract talks for Peyton Manning

He'll just have to wait until after this season to close the deal. The Colts owner said Monday he was prepared to make a contract offer to Manning during the team's off week, but Manning and his agent wanted to wait until after the season. "Any negotiation ... (Source: USA Today 2010-11-01T18:24:19Z)

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)

2nd UPDATE: AIG Closes ALICO Sale; Treasury Seen Making Profit

(Adds Treasury comments, details on government stake estimate and background.) 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 ... (Source: Wall Street Journal 2010-11-01T19:21:35Z)

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