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, 3:40 am

China to Tighten Control on Capital Inflows With Audits, Position Limits

China will strengthen the auditing of overseas fundraising and force banks to hold more foreign exchange as part of efforts to crack down on hot-money inflows. The State Administration of Foreign Exchange will "strictly" manage banks' short-term ... (Source: Bloomberg 2010-11-09T04:38:48Z)

AIG 's Sale Of Alico To MetLife Complete; Price Tag $16.2 Billion

American International Group Inc. ( AIG ) said Monday it has completed its $16.2 billion sale of its second-largest foreign life-insurance business, which completed with last week's initial public offering of a stake in AIA Group Ltd. (1299.HK), meaning it ... (Source: NASDAQ 2010-10-30T23:55:59Z)

Google to Make More Deals Like YouTube, DoubleClick

Nov. 5 (Bloomberg) -- Google Inc. is likely to buy more companies about the size of YouTube and DoubleClick, its two largest acquisitions, to help offer more online services, said the company's head of mergers and acquisitions. "The world changes ... (Source: BusinessWeek 2010-11-05T21:47:10Z)

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)

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)

UPDATE: AIG Closes Alico Sale; Treasury Seen Making Profit

American International Group Inc. ( AIG ) said Monday it has completed the $16.2 billion sale of its second-largest foreign life-insurance business ALICO, which when combined with last week's initial public offering of a stake in AIA Group Ltd. (1299.HK ... (Source: NASDAQ 2010-11-01T16:58:25Z)

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-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)

British PM in China to seal trade deals

British Prime Minister David Cameron met his Chinese counterpart Wen Jiabao on Tuesday with both sides eager to seal lucrative trade deals -- and Cameron insisting human rights would be discussed. Cameron -- plus 43 bosses from major British companies and ... (Source: Big Hollywood 2010-11-09T08:49:20Z)

APEC debates having power to forge free-trade deals

YOKOHAMA, Japan — Pacific Rim economies are debating whether to give APEC the power to negotiate free-trade pacts, a move that could pave the way for a massive free-trade zone that lowers tariffs on goods from electronics to food. Members of the Asia ... (Source: Denver Post 2010-11-09T08:35:01Z)

Google looking for more acquisitions like YouTube

Google is likely to buy more companies about the size of YouTube and DoubleClick, its two largest acquisitions, to help offer more online services, said the company's head of mergers and acquisitions. "The world changes really quickly, and companies that ... (Source: San Francisco Gate 2010-11-07T01:06:25Z)

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)

Google eyes other YouTube-sized deals

Google Inc. is ready to do more deals the size of YouTube and DoubleClick, according to its chief dealmaker. "The world changes really quickly, and companies that were small two years ago are huge today," corporate development vice president David Lawee ... (Source: Birmingham Business Journal 2010-11-08T15:45:42Z)

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)

UPDATE 3-AIG raises enough cash to repay NY Fed

NEW YORK, Nov 1 (Reuters) - Bailed-out insurer AIG ( AIG.N ) raised $27.71 billion in cash in 10 days with the initial public offering of its Asian life business AIA Group Ltd ( 1299.HK ) and the sale of its global life unit Alico, enough to repay a credit ... (Source: Reuters 2010-11-01T20:33:10Z)

Robbers steal new 'Call of Duty' video game in Md.

BEL AIR, Md. (AP) — Authorities in northeast Maryland say robbers have stolen more than 100 copies of the highly anticipated "Call of Duty: Black Ops" video game, which doesn't go on sale until Tuesday. The Harford County Sheriff's Office says at ... (Source: The Oakland Press 2010-11-09T10:00:55Z)

China Eastern Airlines, British jet engine-maker Rolls-Royce strike $1.2 bln deal

BEIJING, Nov. 9 (Xinhua) -- China Eastern Airlines and British jet engine-maker Rolls-Royce inked a 1.2 billion U.S. dollar deal Tuesday. Chinese Premier Wen Jiabao and visiting British Prime Minister David Cameron witnessed the signing of the contract ... (Source: Xinhua News Agency 2010-11-09T11:12:30Z)

China Stresses Global Economic Stability as It Heads to G20, APEC Summits

China stresses global economic stability and unity as its president prepares to go to the back-to-back G20 and Asia Pacific Economic Cooperation summit meetings. Beijing also is hitting back at calls to re-value its currency, by criticizing recent U.S ... (Source: Voice of America 2010-11-09T11:19:39Z)

Lilly keeps focus on Alzheimer's

Just three months after Eli Lilly and Co. halted development of a much-anticipated treatment for Alzheimer's disease, the company is making another multimillion-dollar bet on the ailment. The Indianapolis drug maker said Monday it has agreed to spend up to ... (Source: Indianapolis Star 2010-11-09T11:19:39Z)

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 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)

China Digital TV Announces Appointment of CFO Zhenwen Liang

BEIJING , Nov 9, 2010 /PRNewswire-Asia/ -- China Digital TV Holding Co., Ltd. (NYSE: STV) ("China Digital TV" or the "Company"), the leading provider of conditional access systems to China 's expanding digital television market, today announced that Mr ... (Source: Earthtimes 2010-11-09T10:58:11Z)

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)

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)

APEC pondering vast FTA, while pounding protectionism

Free trade is the big issue in Yokohama this week, 150 years after U.S. Commodore Matthew Perry's "black ships" arrived in the port city and forced Japan to open up to the rest of the world. Foreign and trade ministers from the 21-member Asia-Pacific ... (Source: msnbc.com 2010-11-09T10:00:55Z)

China to Tighten Control on Inflows of Overseas Funds

Nov. 9 (Bloomberg) -- China will strengthen the auditing of overseas fundraising and force banks to hold more foreign exchange as part of efforts to crack down on hot-money inflows. The State Administration of Foreign Exchange will "strictly" manage ... (Source: BusinessWeek 2010-11-09T04:31:38Z)

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 2010-11-09T05:57:32Z)

Lilly to buy local biotech startup Avid

Avid Radiopharmaceuticals Inc., a local biotech start-up rooted in a doctoral student's desire to find an early diagnosis for Alzheimer's disease, is being purchased by Eli Lilly & Co. for an initial $300 million. The deal calls for investors to receive an ... (Source: Philadelphia Daily News 2010-11-09T07:59:13Z)

Harford robbers steal more than 100 'Call of Duty: Black Ops' video games

Handgun-wielding robbers who burst into a video-game store in Harford County over the weekend made off with more than just cash. They also stole more than 100 copies of the highly anticipated "Call of Duty: Black Ops," which won't go on sale until Tuesday ... (Source: Baltimore Sun 2010-11-08T02:59:46Z)

Armed robbers steal 100 'Call of Duty' video games in Bel Air

Handgun-wielding robbers who burst into a video-game store in Harford County over the weekend made off with more than just cash: They also stole more than 100 copies of the newest game in the popular "Call of Duty" series, which won't go on sale until ... (Source: Allentown Morning Call 2010-11-07T19:07:19Z)

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