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 9, 2010, 10:40 am

Ashland selling distribution unit

Ashland Inc. is selling its Dublin, Ohio-based global distribution business to private equity firm TPG Capital LP for $930 million. Ashland spokesman Jim Vitak said Monday the deal should not affect staffing in Dublin, where the specialty chemical producer ... (Source: Birmingham Business Journal 2010-11-08T20:39:11Z)

Ashland Sells TPG Capital Its Distribution Business

Ashland, the owner of Valvoline, said it would sell its distribution business to the private equity firm TPG Capital for $930 million in cash. The news sent Ashland shares up more than 9 percent. By leaving the distribution business, Ashland will be able ... (Source: New York Times 2010-11-09T02:15:38Z)

AT&T, Scripps Networks reach deal

AT&T and Scripps Networks reached a deal on Sunday night, per press releases from both companies. The 2.7 million customers who get cable TV through AT&T are now able once more to watch Scripps channels like HGTV and Food Network. AT&T access to Scripps ... (Source: Entertainment Weekly Online 2010-11-08T14:12:38Z)

Trade push into China yields Rolls-Royce deal

BEIJING (Reuters) - British Prime Minister David Cameron's efforts to double trade with China by 2015 received a boost on Tuesday when aero-engine maker Rolls-Royce won a $1.2-billion (743 million pound) order from China Eastern Airlines Cameron, making ... (Source: Reuters UK 2010-11-09T16:48:56Z)

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: San Jose Mercury News 2010-11-09T00:06:47Z)

UPDATE 1-Goldman, Natixis close to settling UK court case

LONDON, Nov 9 (Reuters) - Wall Street heavyweight Goldman Sachs ( GS.N ) and French rival Natixis ( CNAT.PA ) were close to settling a London court case on Tuesday over a bond deal that highlights a rising tide of financial legal spats. One lawyer told a ... (Source: Reuters UK 2010-11-09T13:35:40Z)

Rolls-Royce win massive £750million jet engine deal with Chinese airline

Rolls-Royce have won a massive deal worth £750million to supply and service jet engines for a major Chinese airline. The British-based engineering firm also formed a carbon partnership with China Eastern Airlines, which aims to reduce greenhouse gas ... (Source: Daily Mirror 2010-11-09T12:09:46Z)

UPDATE 3-UK trade push into China yields Rolls-Royce deal

BEIJING, Nov 9 (Reuters) - British Prime Minister David Cameron's efforts to double trade with China by 2015 received a boost on Tuesday when aero-engine maker Rolls-Royce won a $1.2-billion order from China Eastern Airlines Cameron, making his first visit ... (Source: Reuters 2010-11-09T11:05:20Z)

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)

Goldman, Natixis to clash in court over credit deal

LONDON/PARIS (Reuters) – French investment bank Natixis (CNAT.PA)is due to clash with Wall Street heavyweight Goldman Sachs (GS.N) in a British court on Tuesday over a credit derivatives deal which Natixis wants scrapped. The dispute centers around ... (Source: YAHOO! 2010-11-07T23:53:39Z)

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 2010-11-09T00:13:56Z)

Chinatrust Aims to Sign Deal With Bank of China, Dow Jones Says

Chinatrust Financial Holding Co. aims to sign a cooperation pact with Bank of China Ltd., Dow Jones Newswires reported, citing Chinatrust Chief Executive Daniel Wu. The company remains interested in acquiring Nan Shan Life Insurance Co., American ... (Source: Bloomberg 2010-10-27T06:55:54Z)

PREVIEW-Goldman, Natixis to clash in court over credit deal

LONDON/PARIS, Nov 8 (Reuters) - French investment bank Natixis ( CNAT.PA )is due to clash with Wall Street heavyweight Goldman Sachs ( GS.N ) in a British court on Tuesday over a credit derivatives deal which Natixis wants scrapped. The dispute centres ... (Source: Reuters 2010-11-08T18:23:11Z)

LLY's Avid Interest in Alzheimer's

Eli Lilly and Company (NYSE: LLY - News ) recently entered into a definitive merger agreement whereby it intends to acquire privately-held company, Avid Radiopharmaceuticals, Inc. With this deal, Eli Lilly will gain access to Avid's lead candidate ... (Source: Yahoo Finance 2010-11-09T17:17:34Z)

Tech blog: AT&T and Scripps reach deal to keep HGTV, Food Network other Scripps networks ...

Editor's note: This item originally appeared on dallasnews.com's Technology blog . Friday, AT&T and Scripps Networks jabbed and poked at each other in dueling news releases , each company blaming the other for the breakdown in negotiations that led to ... (Source: Dallas Morning News 2010-11-08T15:38:32Z)

UPDATE 1-Amazon.com to buy owner of Diapers.com, others

* Deal also includes $45 mln in debt and other obligations NEW YORK Nov 8 (Reuters) - Amazon.com ( AMZN.O ) said on Monday it plans to acquire the owner of online shopping sites Diapers.com and Soap.com for $500 million. The deal has been approved by ... (Source: Reuters UK 2010-11-08T14:19:48Z)

Lilly to buy Avid Radiopharmaceuticals in deal worth up to $800 million

INDIANAPOLIS (AP) — Drugmaker Eli Lilly says it will buy Avid Radiopharmaceuticals in a deal that could be worth up to $800 million. Lilly says the privately held Philadelphia company has no products on the market. But it is seeking regulatory approval ... (Source: Chicago Tribune 2010-11-08T13:51:10Z)

Morgan Stanley Intends to Buy Smith Barney as Planned

Nov. 8 (Bloomberg) -- Morgan Stanley Chief Executive Officer James Gorman said the firm intends to buy the remaining stake in a brokerage joint venture with Citigroup Inc.'s Smith Barney on target dates established in the original deal. "Whenever those ... (Source: BusinessWeek 2010-11-08T15:38:32Z)

Ashland selling Dublin-based distribution unit

Ashland Inc. is selling its Dublin-based global distribution business to private equity firm TPG Capital LP for $930 million. Ashland spokesman Jim Vitak said Monday the deal should not affect staffing in Dublin, where the specialty chemical producer ... (Source: Birmingham Business Journal 2010-11-08T18:30:20Z)

Chevron to acquire natural gas producer Atlas Energy for $4.3B

NEW YORK — Chevron   (CVX) is buying natural gas producer Atlas Energy (ATLS) in a cash-and-stock deal worth $3.2 billion. Including debt of about $1.1 billion, the deal is worth $4.3 billion in all. Chevron, based in San Ramon, Calif., is the latest ... (Source: USA Today 2010-11-09T13:28:30Z)

Chevron makes big natural gas move: Plans to buy Atlas Energy in deal worth $3.2 billion

NEW YORK (AP) — Chevron will buy natural producer Atlas Energy Inc. in a cash-and-stock deal worth $3.2 billion, the companies said Tuesday. Including debt of about $1.1 billion, the deal is worth $4.3 billion in all. Chevron Corp., based in San Ramon ... (Source: Los Angeles Times 2010-11-09T13:35:40Z)

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)

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)

Morgan Stanley Intends to Buy Smith Barney on Target Dates

Nov. 8 (Bloomberg) -- Morgan Stanley Chief Executive Officer James Gorman said the firm fully intends to buy Smith Barney on target dates established in its deal with Citigroup Inc. Gorman spoke today at the Securities Industry and Financial Markets ... (Source: BusinessWeek 2010-11-08T13:58:19Z)

UPDATE: MStar To Seek Up To US$300 Million In Taiwan IPO - Source

TAIPEI -(Dow Jones)- MStar Semiconductor Inc. (3697.TW), a Taiwan-based TV panel chip maker, plans to raise up to US$300 million in an initial public offering ahead of a listing in Taiwan slated for next month, a person familiar with the deal said Tuesday ... (Source: NASDAQ 2010-11-09T11:05:20Z)

Chevron to acquire Atlas Energy for $3.2 billion

NEW YORK — Chevron will buy natural producer Atlas Energy Inc. in a cash-and-stock deal worth $3.2 billion, the companies said Tuesday. Including debt of about $1.1 billion, the deal is worth $4.3 billion in all. Chevron Corp., based in San Ramon, Calif ... (Source: Houston Chronicle 2010-11-09T13:28:30Z)

MStar Semiconductor To Seek Up To US$300 Million In Taiwan IPO - Source

TAIPEI -(Dow Jones)- MStar Semiconductor Inc. (3697.TW), a Taiwan-based TV panel chip maker, plans to raise up to US$300 million in an initial public offering ahead of a listing in Taiwan slated for next month, a person familiar with the deal said Tuesday ... (Source: FOXBusiness 2010-11-09T08:20:42Z)

Chiefs looking for answers after loss to Oakland

Kansas City -- Simple math says the Kansas City Chiefs misused Jamaal Charles in a 23-20 overtime loss to Oakland that cost them an opportunity to seize control of the AFC West. The fleet Charles, the Chiefs' only home run threat, carried 10 times for 53 ... (Source: News-Leader.com 2010-11-09T17:53:22Z)

AT&T, Scripps Networks reach deal to return HGTV, other channels to U-verse

After a brief outage over the weekend, Scripps Networks channels are back on the air with AT&T Inc.'s U-verse video service. Negotiations on a new agreement broke down Friday after the two sides couldn't agree on how AT&T would be allowed to distribute ... (Source: Dallas Morning News 2010-11-09T05:14:35Z)

Morgan Stanley CEO: Set To Move On Smith Barney Deal

NEW YORK—Morgan Stanley Chief Executive James Gorman said the investment bank plans to "move forward" with its plans to eventually purchase the remainder of the firm's joint venture with Smith Barney. Mr. Gorman, responding to questions from Charlie Rose ... (Source: Wall Street Journal 2010-11-08T14:12:38Z)

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