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 5, 2010, 3:40 am

In IPO pitch, GM exec sees profit soaring as vehicle sales recover, China market outpaces US

DETROIT (AP) — General Motors has the potential to make huge pretax profits once global auto sales fully recover, the company's chief financial officer said Thursday in a video presentation that was posted online. The video with CFO Chris Liddell's ... (Source: Chicago Tribune 2010-11-05T00:25:50Z)

French companies win $22.8B in deals with China

French companies will sell uranium, Airbus planes and technology worth euro16 billion ($22.8 billion) to China in deals announced during a pomp-filled visit by the Asian country's president designed to smooth relations between the two nations. As Hu Jintao ... (Source: AP - msnbc.com 2010-11-05T05:12:10Z)

Leap Announces Cash Tender Offer for Cricket's 9.375% Senior Notes Due 2014

Leap Wireless International, Inc. (NASDAQ:LEAP) today announced that its operating subsidiary, Cricket Communications, Inc., has commenced a cash tender offer to purchase any and all of its $1.1 billion in aggregate principal amount of outstanding 9.375% ... (Source: PR Inside 2010-11-04T15:36:08Z)

Holiday deals may pop up early

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: Pittsburgh Tribune-Review 2010-11-05T03:53:26Z)

Cbeyond acquires MaximumASP, Aretta in deal valued at $40M

ATLANTA - Cbeyond Inc . (NASDAQ: CBEY), a provider of IT and communications services to 55,000 small businesses across the country, has acquired the assets of  MaximumASP and its affiliated companies, as well as the outstanding stock of privately held ... (Source: Tech Journal South 2010-11-04T14:24:33Z)

Pitching its IPO, GM sees large profits on horizon

DETROIT -- General Motors has the potential to make huge pretax profits once global auto sales fully recover, the company's chief financial officer said Thursday in a video presentation that was posted online. The video with CFO Chris Liddell's comments is ... (Source: Forbes 2010-11-05T00:33:00Z)

MGM files for bankruptcy after Icahn, creditors strike deal

Metro-Goldwyn-Mayer Inc. , Hollywood's fabled and once most powerful studio, has filed for bankruptcy protection after it could no longer pay down its crippling debt or make and release new movies. The Wednesday filing comes after MGM's leading creditors ... (Source: Chicago Tribune 2010-11-04T16:26:14Z)

Men Rob 2 Off-Duty Cops at a Mayfair Bar

A group of robbers were in for a surprise late Tuesday night in Mayfair. The suspects, three men in their early twenties, walked into McNally's tavern on the 3200 block of Brighton Street and demanded money just before the bar closed. It just so happened ... (Source: msnbc.com 2010-10-28T12:09:41Z)

C-4 seized in Colorado in Navy SEAL smuggling case

Federal authorities say they seized C-4 military explosives from the home of a Colorado man accused of conspiring with a Navy special forces SEAL and a Las Vegas man to smuggle machine guns from Iraq into the U.S. for sale and shipment to Mexico. Federal ... (Source: San Francisco Gate 2010-11-05T00:25:50Z)

Exide now offering free blood tests to Frisco residents to check for lead poisoning

Free blood tests to check for possible lead poisoning are now available to all Frisco residents as part of a new program being funded by Exide Technologies Inc. Last year, the battery recycling plant emitted about 1.67 tons of lead during its operations ... (Source: Dallas Morning News (blog) 2010-11-04T19:53:49Z)

Coupobox launches amazing and innovative daily deal collector

PRLog (Press Release) – Nov 03, 2010 – Launched in October 2010, CoupoBox (www.coupobox.com) aggregates deals from various coupon sites such as Groupon, Living Social, Wahanda, Groupola and many other daily deal pages. It is not only a deal aggregator ... (Source: PRLog (free press release) 2010-11-04T01:45:46Z)

'Hobbit' At Risk? MGM Files For Bankruptcy

Movie studio Metro-Goldwyn-Mayer, Inc. has filed for bankruptcy protection, as part of a complex deal with its lenders that will see the company merge with Spyglass Entertainment. The lenders, who are owed around $4 billion, will get some $2 billion in ... (Source: NPR News 2010-11-03T19:33:32Z)

WII Components, Inc. Announces the Termination of Its Tender Offer and Consent Solicitation for ...

ST. CLOUD, Minn.--(BUSINESS WIRE)-- WII Components, Inc. announced today that it has terminated its previously announced cash tender offer and consent solicitation with respect to its 10% Senior Notes due 2012 (the "Notes"). The tender offer and ... (Source: Yahoo Finance 2010-11-03T20:02:10Z)

C-4 seized in US in Navy SEAL smuggling case

Federal agents seized five pounds of C-4 military explosives from the home of a man accused with a Navy SEAL and a Las Vegas associate of smuggling machine guns from Iraq into the U.S. for sale and shipment to Mexico, authorities said Thursday. Grenades ... (Source: AP - msnbc.com 2010-11-05T03:10:29Z)

Doing A Deal - Cbeyond Did 2 - In the Cloud Again

Jim Geiger , chief executive officer of Cbeyond.has been adding building blocks to Cbeyond's menue of services for years .....Try this out..."Cbeyond offers more than 30 productivity-enhancing applications including local and long-distance voice ... (Source: WHIR 2010-11-04T19:10:52Z)

Concerns over battery recycling plant's lead emissions prompt Exide to offer Frisco residents free ...

Free blood tests for possible lead poisoning are now available to all Frisco residents as part of a new program being funded by Exide Technologies Inc. Last year, the Exide battery recycling plant in Frisco emitted about 1.67 tons of lead during its ... (Source: Dallas Morning News 2010-11-04T20:29:37Z)

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)

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)

Today's Best Bets

The Brighton Art Guild's annual Art Harvest juried fine art exhibition kicks off from 2-8 p.m. at The Opera House, 123 W. Grand River Ave. in Howell. The exhibit features original artwork from adult, college and high school artists. The show is also open ... (Source: Livingston Daily.com 2010-10-25T09:21:26Z)

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 2010-11-05T05:05:01Z)

Navy SEAL, others accused in weapons smuggling plot

LAS VEGAS — Federal agents seized 5 pounds of C-4 military explosives from the Colorado home of a man accused with a Navy SEAL and a Las Vegas associate of smuggling machine guns from Iraq into the United States for sale and shipment to Mexico ... (Source: Boston Globe 2010-11-05T09:22:43Z)

Leap Announces Cash Tender Offer for Cricket's 9.375% Senior Notes Due 2014

SAN DIEGO - (Business Wire) Leap Wireless International, Inc. (NASDAQ:LEAP) today announced that its operating subsidiary, Cricket Communications, Inc., has commenced a cash tender offer to purchase any and all of its $1.1 billion in aggregate principal ... (Source: Earthtimes 2010-11-04T15:28:58Z)

Canada Blocks BHP's Potash Bid, Stuns Investors

SYDNEY/OTTAWA (Reuters) - Canada blocked BHP Billiton's $39 billion bid for Potash Corp 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 said the deal would not ... (Source: ABC News 2010-11-04T23:14:15Z)

Modest October sales may spur holiday deals

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 shoppers, that means heavy discounts will come early and often. "The deals will be so ... (Source: Philadelphia Daily News 2010-11-05T06:59:33Z)

October sales slowdown likely to lead to holiday 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. Among the deals being offered so far to lure early spending: • Starting Friday, Wal ... (Source: Herald Tribune 2010-11-05T09:51:21Z)

Exide offers free blood lead tests to all Frisco residents

Free blood tests to check for lead poisoning are now available to all Frisco residents as part of a new program funded by Exide Technologies Inc. The battery-recycling plant emitted about 1.67 tons of lead during its operations last year. News that the 46 ... (Source: Dallas Morning News 2010-11-05T04:57:51Z)

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)

Farming Feud: One Reason Why BHP Failed

Canada's farm minister offered one reason that Canada blocked the proposed takeover of Potash Corp on Thursday, but markets will have to wait a month for all the details to emerge, Reuters reports. Farm Minister Gerry Ritz, in comments his office later ... (Source: New York Times Blogs 2010-11-05T08:11:08Z)

M&A Navigator: Deal pipeline - 4 November

(M&A Navigator Via Acquire Media NewsEdge) The following is a list of deals covered in detail by M&A Navigator this week: - US HEINZ CLOSES FOODSTAR ACQUISITION IN CHINA US food producer H.J. Heinz (NYSE:HNZ) has finalised the USD165m (EUR116m) cash ... (Source: TMCnet 2010-11-05T09:29:52Z)

France, China in $22.8b trade deal

PARIS — France announced $22.8 billion in deals yesterday 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 Jintao's three ... (Source: Boston Globe 2010-11-05T09:22:43Z)

Blog Archive