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 8, 2010, 6:41 pm

UPDATE 1-Sara Lee near bakery sale to Grupo Bimbo-report

NEW YORK Nov 8 (Reuters) - A deal whereby Sara Lee Corp ( SLE.N ) sells its North American bakery business to Mexico's Grupo Bimbo ( BIMBOA.MX ) for $900 million to $1 billion could be announced this week, Bloomberg reported on Monday, citing two people ... (Source: Reuters 2010-11-08T17:33:04Z)

Kansas City Chiefs: The Media Is Starting To Like Them

On Sept. 26 of this year I wrote an article, "The Chiefs are the Real Deal even if the Media Doesn't Like it". I wrote that because of all the stories I read following the Chiefs destruction of San Fransisco. They were either about other games, or neutral ... (Source: Bleacherreport.com 2010-10-25T21:45:54Z)

Avid deal boosts Eli Lilly's diagnostics capabilities

So what is Avid Radiopharmaceuticals, the Philadelphia company that signed a deal worth a potential $800 million with a Big Pharma company on Monday? Philadelphia-based Avid was founded in late 2004 by Daniel M. Skovronsky , who had been scientific ... (Source: Birmingham Business Journal 2010-11-08T16:21:29Z)

Amazon to buy Diapers.com owner Quidsi for $500 million

Amazon plans assume about $45 million in debt and other obligations as part of the deal, which has been approved by Quidsi's shareholders. Soap.com sells health, beauty and cleaning products online, while Diapers.com sells baby-care items, including food ... (Source: Cleveland Plain Dealer 2010-11-08T19:20:27Z)

Amazon buys Diapers.com parent in $545 mln deal

SAN FRANCISCO (MarketWatch) — Amazon.com Inc. said Monday that it will buy Quidsi Inc. — the parent company of Diapers.com and Soap.com — in its second largest acquisition since last year's purchase of Zappos.com. Amazon AMZN  will pay $500 ... (Source: MENAFN 2010-11-08T15:52:51Z)

Saudi Airlines orders 12 Boeing 777 aircraft

RIYADH, Saudi Arabia (AP) -- Saudi Arabia's national carrier said Sunday it has ordered 12 Boeing 777-300ER aircraft in a deal valued at $3.3 billion that reflects continued growth in the oil-rich Gulf region's airline sector. Saudi Arabian Airlines and ... (Source: Yahoo Finance 2010-11-07T16:15:31Z)

"The Benefits Outweigh the Risks": St. Louis Fed President Defends QE2

In addition to withering criticism from a number of foreign officials, as detailed here , the Fed's decision to embark on QE2 has drawn some catcalls from its own ranks. Dallas Fed President Richard Fisher said QE2 may be the "wrong medicine" for what ails ... (Source: Yahoo Finance 2010-11-08T21:50:46Z)

Vue Entertainment to Reach an Agreement with Doughty Hanson

In a deal that would involve the transfer of £450 million, the private equity firm Doughty Hanson would be looking to but the third-largest cinema chain in Britain, Vue Entertainment. The agreement, which has not yet been finalized, would help Vue ... (Source: Topnews 2010-11-08T15:52:51Z)

Summary Box: Eli Lilly to buy Avid

THE DEAL: Drugmaker Eli Lilly and Co. will spend up to $800 million to buy Avid Radiopharmaceuticals, a privately held company that is developing an agent that may help diagnose Alzheimer's disease. ALZHEIMER'S PREDICTOR: Avid is seeking Food and Drug ... (Source: AP - msnbc.com 2010-11-08T20:53:30Z)

What's between Black Friday and Cyber Monday? NYC mayor promotes 'Small Business Saturday'

NEW YORK (AP) — There's Black Friday and Cyber Monday . Now, New York Mayor Michael Bloomberg and American Express CEO Kenneth Chenault (sheh-NAHLT') want shoppers to take out their credit cards one more time for Small Business Saturday. Bloomberg says ... (Source: Chicago Tribune 2010-11-08T16:35:48Z)

Fisher has doubts about Fed's plan

The Federal Reserve's plan to rejuvenate the economy by buying $600 billion in Treasury bonds might be the "wrong medicine," the Fed's top official in Dallas warned Monday in San Antonio. Richard Fisher, president and CEO of the Federal Reserve Bank of ... (Source: MySanAntonio 2010-11-08T23:52:28Z)

Amazon Absorbs Diaper Competitor Quidsi

Online retail giant will pay $500 million in cash in a deal that echoes last year's Zappos acquisition. Amazon.com announced Monday it will acquire Quidsi, the owner of retail sites Diapers.com and Soap.com, which sell baby products and household ... (Source: Forbes 2010-11-08T17:54:33Z)

Azerbaijan: Ruling Party Takes Majority of Seats in Elections

The ruling party in Azerbaijan , a former Soviet republic led by a strongman president, dominated parliamentary elections on Sunday, according to preliminary results released Monday. Opposition candidates may not have won a single seat, and independent ... (Source: New York Times 2010-11-09T01:54:09Z)

Saudi Arabian Airlines orders 12 Boeing 777-300 ER aircraft in $3.3 billion deal

RIYADH, SAUDI ARABIA — Saudi Arabia's national carrier said Sunday it has ordered 12 Boeing 777-300ER aircraft in a deal valued at $3.3 billion that reflects continued growth in the oil-rich Gulf region's airline sector. Saudi Arabian Airlines and Boeing ... (Source: Washington Examiner 2010-11-07T15:54:03Z)

Amazon buys Diapers.com in $545 mln deal

SAN FRANCISCO (MarketWatch) — Amazon.com Inc. said Monday that it will buy Quidsi Inc. — the parent company of Diapers.com and Soap.com — in its second largest acquisition since last year's purchase of Zappos.com. Amazon (NASDAQ:AMZN)  will pay $ ... (Source: Marketwatch 2010-11-08T16:57:17Z)

UPDATE 1-Doughty Hanson buys Vue, UK's No. 3 cinema chain

LONDON, Nov 8 (Reuters) - Private equity firm Doughty Hanson [DOUHA.UL] agreed to buy Vue Entertainment [VUENT.UL], Britain's third-biggest cinema chain, in a deal which a source said valued the business at about 450 million pounds ($728 million). Doughty ... (Source: Reuters UK 2010-11-08T19:41:55Z)

Lilly deal boosts Alzheimer's focus

The drugmaker will spend up to $800 mil to buy Avid Radiopharmaceuticals, a development-stage company that created an agent that may help diagnose Alzheimer's disease. Eli Lilly (NYSE: LLY - News ) said the privately held Pa.-based company has no products ... (Source: Yahoo Finance 2010-11-08T23:45:18Z)

What's between Black Friday and Cyber Monday? AmEx promotes 'Small Business Saturday'

NEW YORK (AP) — Hoping to drum up support for independent merchants, American Express ' CEO said Monday that his company will promote "Small Business Saturday" on the weekend after Thanksgiving. "This is the start of a movement," said Kenneth Chenault ... (Source: Los Angeles Times 2010-11-08T20:17:43Z)

Amazon in $540m Quidsi deal

Amazon , the world's largest e-commerce company, is sweeping up another successful online rival in the US, with an agreement to acquire Quidsi, owner of Diapers.com , the rapidly growing baby products site. The $545m deal follows Amazon's $1.1bn ... (Source: Financial Times 2010-11-08T13:51:10Z)

Chiefs LB Derrick Johnson signs new contract

KANSAS CITY, Mo. -- Linebacker Derrick Johnson has signed a five-year contract extension with Kansas City that includes a $15 million guarantee. Johnson's agent, Jeff Nalley, told The Associated Press the deal was signed Monday. The deal is potentially ... (Source: Forbes 2010-11-09T00:06:47Z)

Amazon Adds Diapers.com In $500M Deal

Law360, New York (November 08, 2010) -- Internet retail giant Amazon.com Inc. announced Monday that it had reached an agreement to purchase Quidsi Inc., the parent company for Diapers.com and Soap.com, for $500 million in a bid to increase its presence in ... (Source: site.law360.com 2010-11-08T20:10:33Z)

Fed Official: Government Bond Buying Could Cause Inflation

In a speech Monday, Federal Reserve Governor Kevin Warsh questioned whether the government's decision to spend $600 billion on bonds would have lasting positive effects on the economy, the Associated Press reported. The comments are somewhat surprising ... (Source: Daily Finance 2010-11-09T01:39:50Z)

Chiefs, LB Johnson agree to extension with $15M guarantee

KANSAS CITY, Mo. -- Linebacker Derrick Johnson has signed a five-year contract extension with the Kansas City Chiefs that includes a $15 million guarantee. Johnson's agent, Jeff Nalley, told the Associated Press the deal was signed Monday. The deal is ... (Source: CBS Sports 2010-11-09T02:01:19Z)

Azerbaijan Ruling Party Poised To Win Parliamentary Vote

(RTTNews) - Azerbaijan's ruling party is poised to win Sunday's parliamentary election, exit polls showed, further tightening incumbent President Ilham Aliyev's hold on power of the energy-rich former Soviet republic on the Caspian Sea. The exit poll by ... (Source: RTT News 2010-11-08T15:17:04Z)

"Small Business Saturday" follows on the heels of Black Friday and Cyber Monday

NEW YORK — Hoping to drum up support for independent merchants, American Express' CEO said Monday that his company will promote "Small Business Saturday" on the weekend after Thanksgiving. "This is the start of a movement," said Kenneth ... (Source: Colorado Springs Gazette 2010-11-08T21:57:56Z)

Sara Lee bakery sale to Bimbo could come this week

(Reuters) — A deal whereby Sara Lee Corp. sells its North American bakery business to Mexico's Grupo Bimbo for $900 million to $1 billion could be announced this week, Bloomberg reported on Monday, citing two people with knowledge of the matter. The two ... (Source: Crain's Chicago Business 2010-11-08T18:16:01Z)

Aliyev loyalists sweep the board in Azerbaijan vote

Loyalists of President Ilham Aliyev swept the board in a parliamentary election in oil-producing Azerbaijan, giving him an even tighter grip on power in the ex-Soviet republic. The leading opposition party, Musavat, failed to win a single seat in the ... (Source: msnbc.com 2010-11-08T10:16:25Z)

Doughty Hanson to buy Vue, No. 3 UK cinema chain

LONDON (Reuters) – Private equity firm Doughty Hanson agreed to buy Vue Entertainment, Britain's third-biggest cinema chain, in a deal that a source said valued the business at about 450 million pounds ($728 million). Doughty Hanson is betting digital ... (Source: YAHOO! 2010-11-08T19:49:05Z)

Sara Lee near bakery sale to Grupo Bimbo -report

Nov 8 (Reuters) - Sara Lee Corp ( SLE.N ) is close to selling its North American bakery business to Mexico's Grupo Bimbo ( BIMBOA.MX ) in a deal that could fetch $900 million to $1 billion, Bloomberg said, citing two people with knowledge of the matter ... (Source: Reuters 2010-11-08T10:09:16Z)

Saudi Arabian Airlines Orders 12 Boeing Jets for $3.3 Billion

Saudi Arabian Airlines placed an order for 12 Boeing ( BA ) 777-300 "Extended Range" planes in a deal worth $3.3 billion. The deal gives the Saudi carrier, which is in the process of privatization, an option for another 10 777s, Reuters reported. Saudi ... (Source: Daily Finance 2010-11-08T13:22:32Z)

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