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 4, 2010, 3:42 pm

Bankers' fees may go to pot after Canada decision

NEW YORK, Nov 4 (Reuters) - BHP Billiton ( BHP.AX ) ( BLT.L ) won't be the only loser if its $39 billion bid for fertilizer company Potash Corp falls apart because Canada's government blocked the deal -- advisers for both sides could miss out on millions ... (Source: Reuters 2010-11-04T17:59:17Z)

Retailers focus on bringing holiday shoppers early as they step up the discounts

NEW YORK - Shoppers took a breather in October, resulting in lackluster gains for retailers and raising the stakes on what is sure to be a competitive holiday season. For Christmas shoppers, that means that heavy discounts will be coming early and often ... (Source: Minneapolis Star Tribune 2010-11-04T19:18:02Z)

Tropical Storm Tomas: Haiti Homeless Await Storm

PORT-AU-PRINCE, Haiti — The sky over Port-au-Prince's tarp cities grew dark, the winds picked up and rain began to fall as Tropical Storm Tomas headed for the quake-stricken Haiti on Thursday. Police with megaphones told hundreds of thousands to seek ... (Source: Huffingtonpost.com 2010-11-04T22:31:18Z)

Marinette Marine in line for big Navy deal

Marinette Marine constructs its second littoral combat ship, the U.S.S. Fort Worth, in Marinette. Marinette Marine Corp. in Marinette could double its employment to more than 2,000 workers if the U.S. Navy receives the go-ahead to buy 10 littoral combat ... (Source: Birmingham Business Journal 2010-11-04T15:43:17Z)

Discounts fuel October's solid retail gains

Many retailers reported solid revenue gains in October, but it took heavy discounting on coats and other cold-weather items to get shoppers to spend amid unusually warm temperatures. The discounting will have to continue, analysts expect, to pull in ... (Source: AP - msnbc.com 2010-11-04T19:25:11Z)

Tomas may intensify, threatens Haiti

(CNN) -- Aid agencies were scrambling Thursday to move as many people as possible into storm shelters as Tropical Storm Tomas approached Haiti with the potential to deal a disastrous blow to a nation still struggling to its feet after a devastating January ... (Source: CNN 2010-11-04T15:36:08Z)

Steelers' James Harrison fined $20,000

PITTSBURGH -- Steelers linebacker James Harrison 's hard hits on the field keep getting matched by the NFL's hits to his paycheck. Harrison was fined $20,000 on Thursday for a late hit on Saints quarterback Drew Brees , the third time he has been fined ... (Source: ESPN.com 2010-11-04T20:36:46Z)

Red Sox pick up Ortiz's $12.5 million option

BOSTON -- The Red Sox are exercising their $12.5 million option on designated hitter David Ortiz . The team announced Thursday it decided to keep the slugger, who got off to slow starts the past two seasons but finished strongly both times. Ortiz has ... (Source: CBS Sports 2010-11-04T19:03:43Z)

NFL fines Pittsburgh Steelers LB James Harrison $20,000 for another illegal hit

The NFL fined Pittsburgh Steelers LB James Harrison $20,000 for an illegal hit on New Orleans Saints QB Drew Brees last Sunday. It's the second fine in three weeks for Harrison, who has now been fined $100,000 this season for illegal hits. Two weeks ago ... (Source: USA Today 2010-11-04T20:15:18Z)

GM to push China growth in IPO sales pitches

When General Motors executives travel across the globe to pitch an initial public stock offering, the company that was bailed out by American taxpayers will emphasize its global strength and growth potential in Brazil and China, according to a video and ... (Source: AP - msnbc.com 2010-11-04T21:55:31Z)

Tomas approaches Haiti; landfall expected in Cuba

(CNN) -- Rain associated with Tropical Storm Tomas began falling on Haiti on Thursday afternoon as aid agencies scrambled to move as many people as possible into storm shelters. The storm -- even if it does not regain hurricane strength -- could deal a ... (Source: CNN 2010-11-04T19:10:52Z)

Spyglass Entitled to $4 Million If MGM Deal Breached

Nov. 4 (Bloomberg) -- Spyglass Entertainment Group Inc., whose executives Gary Barber and Roger Birnbaum will run Metro- Goldwyn-Mayer Inc. after its bankruptcy, is entitled to a $4 million breakup fee plus expenses of as much as $500,000 if it suffers any ... (Source: BusinessWeek 2010-11-04T20:43:56Z)

Retail Sales Slow in October

NEW YORK | Shoppers took a breather in October, resulting in lackluster gains for retailers and raising the stakes on what is sure to be a competitive holiday season. For Christmas shoppers, that means that heavy discounts will be coming early and often ... (Source: The Ledger 2010-11-04T21:34:02Z)

Boston Red Sox pick up David Ortiz's 1-year option; Big Papi OK with it

The Red Sox exercised the $12.5 million option on their designated hitter less than 12 hours before Thursday's midnight deadline. The one-year deal "made the most sense," Epstein told ESPNBoston.com's Gordon Edes. Ortiz had been vocal about wanting a long ... (Source: ESPN.com 2010-11-04T20:43:56Z)

MGM Studios Allowed to Use Cash in Bankruptcy

Nov. 4 (Bloomberg) -- Metro-Goldwyn-Mayer Inc., distributor of the James Bond and Rocky movies, won interim permission to use cash collateral of lenders as it reorganizes with support from billionaire Carl Icahn. U.S. Bankruptcy Judge Stuart Bernstein in ... (Source: BusinessWeek 2010-11-04T16:33:24Z)

Ron Washington signs 2-year deal

ARLINGTON, Texas -- Manager Ron Washington has a new two-year contract, making him the skipper of the Texas Rangers through the 2012 season. The club and Washington finalized the deal in a meeting Thursday morning at Rangers Ballpark in Arlington that ... (Source: ESPN.com 2010-11-04T20:08:08Z)

Ex-Orioles Gibbons agrees to 1-year deal to stay with Dodgers

Jay Gibbons , who played with the Orioles from 2001-2007, has signed a one-year deal to stay with the Los Angeles Dodgers . Gibbons will receive the major league minimum: $400,000 plus a cost-of-living adjustment to be announced next month. The team said ... (Source: Baltimore Sun 2010-11-04T20:58:15Z)

Wis. Sen. Kohl: Navy to order 10 warships from each of 2 shipbuilders in Wisconsin, Alabama

MILWAUKEE — U.S. Sen. Herb Kohl says the Navy plans to order 10 warships from each of two shipbuilding companies in Wisconsin and Alabama. The Wisconsin Democrat said Thursday the 20-vessel deal would require Congressional approval because it represents ... (Source: Washington Examiner 2010-11-04T15:57:36Z)

Podsednik declines option to return to Dodgers, becomes FA

LOS ANGELES -- Scott Podsednik has declined his option to return to the Los Angeles Dodgers next season. Podsednik made his decision Thursday, a day after the Dodgers exercised their half of a $2 million mutual option. He becomes a free agent. Podsednik ... (Source: CBS Sports 2010-11-04T19:03:43Z)

GM's pitch points to sales in emerging markets

A peek at General Motors' road-show pitch to market its stock shows the company plans to focus on its sales potential in emerging markets such as China. In a 10-minute video, viewable at http://retailroadshow.com , Chief Financial Officer Chris Liddell ... (Source: Detroit Free Press 2010-11-04T22:24:09Z)

Potash Falls After Canada Blocks BHP Takeover Offer

Nov. 4 (Bloomberg) -- Potash Corp. of Saskatchewan Inc. fell the most in a week after Canada blocked BHP Billiton Ltd.'s $40 billion hostile bid for the world's largest fertilizer producer. Potash Corp. dropped $3.53, or 2.4 percent, to $141.97 at 4:15 ... (Source: BusinessWeek 2010-11-04T20:43:56Z)

'Hobbit' money sought as MGM files for bankruptcy

LOS ANGELES -- Hollywood studio Metro-Goldwyn-Mayer Inc., the home of James Bond, filed for bankruptcy protection on Wednesday in a plan that had the backing of its lenders and put funding of its half of "The Hobbit" back on track. The "prepackaged ... (Source: Washington Post 2010-11-04T16:19:05Z)

Rangers manager Ron Washington gets new contract

ARLINGTON, Texas -- Manager Ron Washington agreed Thursday to a new two-year contract with the AL champion Texas Rangers. The deal through the 2012 season was completed three days after the end of the Rangers' first World Series. Washington didn't have a ... (Source: Forbes 2010-11-04T20:51:05Z)

OF Jay Gibbons and Los Angeles Dodgers agree to 1-year deal

LOS ANGELES (AP) — Jay Gibbons has signed a one-year deal to stay with the Los Angeles Dodgers . Gibbons will receive the major league minimum: $400,000 plus a cost-of-living adjustment to be announced next month. The team said Thursday it reached a deal ... (Source: Chicago Tribune 2010-11-04T20:36:46Z)

GM IPO introduces public to lingo of the stock deal

General Motors Co.'s initial public offering has exposed the lingo of stock selling, which can be mystifying and temporarily cause the uninitiated to lose their, uh, financial footing. Consider this: A "greenshoe" helps a company stabilize the price of an ... (Source: Detroit News 2010-11-04T20:58:15Z)

6P: David Ortiz Returning To Red Sox; Ron Washington Signs Texas Deal; Steelers' James ...

The Boston Red Sox looked into signing David Ortiz to a multiyear deal before deciding it wouldn't work out and instead exercised a one-year option, general manager Theo Epstein said on Thursday. The Red Sox exercised the $12.5 million option on their ... (Source: ESPN.com 2010-11-04T21:48:21Z)

David Ortiz returning to Red Sox

The Red Sox will exercise the $12.5 million option on their designated hitter for next season, the team announced less than 12 hours before Thursday's midnight deadline. Ortiz has been vocal about wanting a long-term extension and not a one-year deal ... (Source: ESPN.com 2010-11-04T17:52:08Z)

Rangers' Washington gets new contract

Manager Ron Washington agreed Thursday to a new two-year contract with the AL champion Texas Rangers . The deal through the 2012 season was completed three days after the end of the Rangers' first World Series. Washington didn't have a contract past 2010 ... (Source: FOXSports.com 2010-11-04T20:58:15Z)

WRAPUP 12-Canada blocks BHP's Potash bid, stuns investors

SYDNEY/OTTAWA, Nov 4 (Reuters) - Canada blocked BHP Billiton's ( BLT.L ) $39 billion bid for Potash Corp ( POT.TO ) and left little room for a modified offer, throwing the spotlight on how the world's largest miner can find new avenues for growth. Canada ... (Source: Reuters 2010-11-04T16:04:46Z)

Navy To Order 10 Warships From Wisconsin

MILWAUKEE -- U.S. Sen. Herb Kohl says the Navy plans to order 10 warships from each of two shipbuilding companies in Wisconsin and Alabama. The Wisconsin Democrat said Thursday the deal would require Congressional approval because it represents a departure ... (Source: WISN.com 2010-11-04T15:21:49Z)

Blog Archive