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, 4:39 am

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)

Obama's India visit may be more style than substance

NEW DELHI (Reuters) - A weakened President Barack Obama visits India this week to counter perceptions he has relegated the Asian power behind rivals China and Pakistan, but he may struggle to seal deals to help usher in billions of dollars of business ... (Source: Reuters 2010-11-04T14:46:01Z)

Obama India's visit may be more style than substance (Reuters)

Reuters - A weakened President Barack Obama visits India this week to counter perceptions he has relegated the Asian power behind rivals China and Pakistan, but he may struggle to seal deals to help usher in billions of dollars of business. » Full Story ... (Source: Buzz Log (blog) 2010-11-04T15:50:27Z)

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)

Obama trip aims to boost ties to India, 3 other Asian nations

MUMBAI, India – Can India be good for America's economy? Will its relatively cheap, English-speaking work force siphon off too many U.S. jobs and force down American wages? Or can India's fast-growing wealthy and middle classes offset the downsides of ... (Source: Sacramento Bee 2010-11-05T07:06:42Z)

Levetown & Jenkins, LLP Announces An Investigation Of Abax Global Capital Ltd.'s Offer To ...

Levetown & Jenkins, LLP is conducting an investigation into alleged breaches of fiduciary duties by Fushi Copperweld, Inc. ("Fushi") (NASDAQ:FSIN) and its Board of Directors in conjunction with the proposed buyout by Fushi Copperweld CEO Li Fu ("Fu ... (Source: Street.Com 2010-11-03T16:13:06Z)

'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: San Jose Mercury News 2010-11-05T02:34:41Z)

INSTANT VIEW-Canada Blocks BHP's Bid for Potash Corp

OTTAWA (Reuters) - Following are reactions to Canada's decision to block BHP Billiton's $39 billion bid to take over Potash Corp, the world's largest fertilizer supplier. "They (BHP Billiton) know what they have to do. The question is do they have the ... (Source: ABC News 2010-11-03T22:32:29Z)

Shareholder Investigation Of Fushi Copperweld Announced By Goldfarb Branham LLP

Goldfarb Branham LLP is investigating Fushi Copperweld, Inc. (NASDAQ: FSIN) for shareholders in connection with the proposed buyout by the company's CEO, Li Fu for $11.50 per share. The firm's investigation seeks to determine whether Fushi and its ... (Source: Street.Com 2010-11-04T14:03:04Z)

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)

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)

GM says it can make $13B a year

General Motors Co. is making an aggressive pitch to investors, saying it could earn $13 billion a year or more if U.S. auto industry sales return to normal levels, and touting its growth potential in fast-growing emerging markets such as China. Executives ... (Source: Detroit News 2010-11-05T10:55:46Z)

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)

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)

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)

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)

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)

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)

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)

Stocks end at multi-month highs after Fed plan

NEW YORK: US stocks ended a volatile session modestly higher on Wednesday after the Federal Reserve detailed a plan to breathe new life into the struggling economy. Both the Dow and Nasdaq closed at levels not seen since 2008 while the S&P ended at a six ... (Source: Economic Times 2010-11-03T22:39:39Z)

INSTANT VIEW 8-US Fed commits $600 bln to buy more bonds

NEW YORK, Nov 3 (Reuters) - The Federal Reserve launched a controversial new policy on Wednesday, committing to buy $600 billion more in government bonds by the middle of next year in an attempt to breathe new life into a struggling U.S. economy. STORY ... (Source: CNBC 2010-11-03T19:19:13Z)

Film studio MGM files for bankruptcy with support of lenders, after fight with Icahn

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: Minneapolis Star Tribune 2010-11-04T12:08:32Z)

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)

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)

The Law Office of Abe Shainberg Launches an Investigation into the Board of Fushi Copperweld

PRLog (Press Release) – Nov 04, 2010 – The Law Office of Abe Shainberg is investigating the Board of Directors of Fushi Copperweld, Inc. (NasdaqGS: FSIN) for possible breaches of fiduciary duty and other violations of state law in connection with the ... (Source: PRLog (free press release) 2010-11-04T21:26:53Z)

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)

Taliban threaten to kill followers who seek to reconcile with the Afghan government

KABUL, Afghanistan - Scribbled notes from Taliban leader Mullah Mohammad Omar have surfaced in mosques all over Afghanistan's ethnic Pashtun heartland, threatening death to anyone who takes up a government offer to negotiate for peace, according to a ... (Source: Minneapolis Star Tribune 2010-11-05T10:27:08Z)

NATO says service member killed in insurgent attack in eastern Afghanistan

KABUL, Afghanistan - Taliban militants killed a NATO service member Thursday in eastern Afghanistan where international forces are pushing hard against midlevel Taliban commanders operating along the Pakistan border. NATO did not provide details of the ... (Source: Minneapolis Star Tribune 2010-11-05T09:29:52Z)

Afghan Taliban threaten death to all talking peace

KABUL, Afghanistan -- Scribbled notes from Taliban leader Mullah Mohammad Omar have surfaced in mosques all over Afghanistan's ethnic Pashtun heartland, threatening death to anyone who takes up a government offer to negotiate for peace, according to a ... (Source: Forbes 2010-11-05T10:34:18Z)

US STOCKS-Markets rise on Fed; Qualcomm, Whole Foods up late

NEW YORK, Nov 3 (Reuters) - U.S. stocks ended a volatile session modestly higher on Wednesday after the Federal Reserve detailed a plan to breathe new life into the struggling economy. Both the Dow and Nasdaq closed at levels not seen since 2008 while the ... (Source: Reuters 2010-11-03T21:06:36Z)

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