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, 6:40 pm

Lloyds grabs Santander's UK head as its new CEO

LONDON/MADRID (Reuters) - British bank Lloyds <LLOY.L> poached Antonio Horta-Osorio, head of Santander's <SAN.MC> fast-growing British division, to be its next chief executive in a coup that deals a blow to its Spanish rival. Lloyds, Europe's fourth ... (Source: Town Hall 2010-11-02T23:59:35Z)

BHP Weighs Next Moves on Potash

BHP Billiton executives are pessimistic about the success of their hostile bid for Potash Corp. of Saskatchewan, fearing that the Canadian government's objections to the deal may be insurmountable, people familiar with the matter said. Canada provisionally ... (Source: Wall Street Journal 2010-11-04T23:35:44Z)

Hosted Solutions selling to Winstream for $310M

RALEIGH, NC – Arkansas-based Windstream Corp. (Nasdaq:WIN) is buying Raleigh-based Hosted Solutions in an all cash deal worth $310 million. Hosted Solutions is a regional data center and managed hosting provider focused on enterprise-class Infrastructure ... (Source: Tech Journal South 2010-11-04T13:27:17Z)

Windstream plots cloud computing growth with $310 million deal for Hosted Solutions

Windstream (Nasdaq: WIN ) is going to the acquisition table again with hopes of gaining a greater foothold in the emerging cloud computing segment by crafting $310 million deal to acquire Infrastructure as a Service (IaaS) solutions and data center ... (Source: FierceTelecom 2010-11-04T18:42:14Z)

MGM land sale in Atlantic City will close Thursday

MGM Resorts International says its $73 million sale of its land under Atlantic City's Borgata Hotel Casino & Spa to will close on Thursday. The Las Vegas-based casino company reached a deal in July with Vornado Realty Trust and Geyser Holdings to sell just ... (Source: AP - msnbc.com 2010-11-03T16:27:25Z)

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 2010-11-04T17:52:08Z)

Legendary Tigers manager Sparky Anderson dies at 76

Sparky Anderson, the all-time leader among Tigers managers in victories, visibility and inimitable quotations, died today at his home in Thousand Oaks, Calif. He was 76. Anderson's death came one day after the family announced that he was receiving ... (Source: Detroit Free Press 2010-11-05T00:40:09Z)

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)

MGM land sale in Atlantic City will close on Thurs

(AP) — MGM Resorts International says its $73 million sale of its land under Atlantic City's Borgata Hotel Casino & Spa to will close on Thursday. The Las Vegas-based casino company reached a deal with Vornado Realty Trust and Geyser Holdings to sell ... (Source: Newsday 2010-11-03T15:51:38Z)

Mets' clubhouse manager Charlie Samuels linked to federal gambling investigation, suspended ...

Mets ' clubhouse manager Charlie Samuels has been linked to a recent federal investigation into illegal gambling, leading club officials to suspend the longtime employee last week, a source familiar with the probe told the Daily News on Thursday. The Mets ... (Source: New York Daily News 2010-11-04T23:07:06Z)

GM Talks Details Of IPO Pricing

General Motors has unveiled the terms of its upcoming initial public offering. GM said it will offer $13 billion in common and preferred shares. The offering will include 365 million common shares will be priced at $26-$29 per share, for a total of about $ ... (Source: Forbes 2010-11-04T18:20:46Z)

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)

Phone company Windstream strikes $310M deal to acquire NC-based Hosted Solutions

LITTLE ROCK, Ark. (AP) — Windstream Corp. announced Thursday that it would buy Hosted Solutions LLC for $310 million, using the purchase to broaden its offerings in its business services and broadband segments. The cash deal is subject to regulatory ... (Source: Chicago Tribune 2010-11-04T23:14:15Z)

MGM Resorts clarifies that MGM Studios bankruptcy has 'no impact'

The worldwide value of MGM Resorts International's brands was highlighted today when the company moved to clarify for investors, customers and vendors -- particularly those overseas -- that it is not affiliated with the bankrupt MGM Studios. "MGM Studios ... (Source: Las Vegas Sun 2010-11-04T23:14:15Z)

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)

MGM's land sale under Borgata in Atlantic City will close on Thursday

ATLANTIC CITY, N.J. - MGM Resorts International says its $73 million sale of its land under Atlantic City's Borgata Hotel Casino & Spa to will close on Thursday. The Las Vegas-based casino company reached a deal with Vornado Realty Trust and Geyser ... (Source: Minneapolis Star Tribune 2010-11-03T15:51:38Z)

Tigers legends praise Sparky Anderson on news of his illness

As long as Kirk Gibson remains in baseball, Sparky Anderson will remain in baseball. "He lives within me every day," Gibson said Wednesday. "There is more Sparky in me than anyone that I was touched by in the game. He knows that I'm going to stand up for ... (Source: Detroit Free Press 2010-11-05T00:40:09Z)

Potash Corp. Declines After Canada Blocks BHP's Takeover Offer

Nov. 4 (Bloomberg) -- Potash Corp. of Saskatchewan Inc. fell the most in more than two months after Canada blocked BHP Billiton Ltd.'s $40 billion hostile bid for the world's largest fertilizer producer. Potash Corp. dropped $5.21, or 3.6 percent, to $ ... (Source: BusinessWeek 2010-11-04T14:38:52Z)

Sparky Anderson Death

Latest News Update About Sparky Anderson Death: Sparky Anderson, the all-time leader among Tigers managers in victories, visibility and inimitable quotations, died today at his home in Thousand Oaks, Calif . He was 76. Anderson's death came one day after ... (Source: Gather.com 2010-11-05T01:08:47Z)

UPDATE 6-Lloyds grabs Santander's UK head as its new CEO

LONDON/MADRID, Nov 3 (Reuters) - British bank Lloyds ( LLOY.L ) poached Antonio Horta-Osorio, head of Santander's ( SAN.MC ) fast-growing British division, to be its next chief executive in a coup that deals a blow to its Spanish rival. Lloyds, Europe's ... (Source: Reuters 2010-11-03T18:21:57Z)

UPDATE 2-New UK bank venture NBNK hires Northern Rock CEO

LONDON, Nov 4 (Reuters) - British banking startup NBNK Investments ( NBNK.L ) has hired the head of Northern Rock, the nationalised British bank that nearly collapsed during the credit crisis, to lead its challenge to established lenders. Gary Hoffman, who ... (Source: Reuters UK 2010-11-04T13:05:48Z)

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)

China, France Seal Airbus, Areva Deals in $22.7 Billion Visit

Nov. 4 (Bloomberg) -- Chinese President Hu Jintao and French President Nicolas Sarkozy signed contracts on 102 Airbus SAS planes and a $3.5 billion uranium agreement with Areva SA as part of a 16 billion-euro ($22.7 billion) round of trade deals. The two ... (Source: BusinessWeek 2010-11-04T19:32:21Z)

Mets Clubhouse Manager Suspended Amid Gambling Investigation

NEW YORK (AP) - A person familiar with the investigation says the Mets suspended longtime clubhouse manager Charlie Samuels because he's involved in an investigation into illegal gambling by the Queens District Attorney and the New York Police Department ... (Source: KOLO TV Reno 2010-11-05T00:04:22Z)

UPDATE 4-China's Hu gives France G20 backing, signs deals

PARIS, Nov 4 (Reuters) - Chinese President Hu Jintao and France's Nicolas Sarkozy voiced joint support on Thursday for reform of the global monetary system and pledged close cooperation as Paris prepares to take over the G20 presidency. As Hu kicked off a ... (Source: Reuters 2010-11-04T20:51:05Z)

GM enters crucial phase with IPO, release of Chevy Cruze

General Motors has begun two of the most important rollouts in its history. The automaker finalized details Thursday for an initial stock offering this month that will make GM a public company again and let the government begin to sell its stake to start ... (Source: USA Today 2010-11-05T01:23:06Z)

France announces $22.8 billion in uranium, plane deals with China; signs nuclear partnership

PARIS - France announced euro16 billion ($22.8 billion) in deals Thursday to sell uranium, technology and more than 100 Airbus planes to China, and the two countries also agreed to a sweeping strategic partnership on nuclear power. Chinese President Hu ... (Source: Minneapolis Star Tribune 2010-11-04T23:50:03Z)

Red Sox exercise 1-year deal for Ortiz

BOSTON — The Boston Red Sox are exercising their $12.5 million option on David Ortiz for next season rather than giving the designated hitter the new multiyear contract he preferred. The Red Sox didn't want to commit big money beyond 2011 to a player who ... (Source: USA Today 2010-11-05T00:47:19Z)

Mets suspend clubhouse manager in wake of gambling probe

NEW YORK — A person familiar with the investigation says the Mets suspended longtime clubhouse manager Charlie Samuels because he's involved in an investigation into illegal gambling by the Queens District Attorney and the New York Police Department. The ... (Source: Sporting News 2010-11-05T00:11:31Z)

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)

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