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, 4:41 pm

Backgrounder: APEC Senior Officials' Meetings

The Asia-Pacific Economic Cooperation (APEC) Leaders' Week meetings commenced in Yokohama, Japan, Sunday with the start of the two-day Concluding Senior Officials' Meeting (CSOM). The SOMs are a series of meetings held three or four times a year, with the ... (Source: People's Daily Online 2010-11-10T00:19:54Z)

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. Until now, Chevron hasn't made any ... (Source: Chicago Tribune 2010-11-09T13:35:40Z)

Genzyme Should Swear Off Defensive Measures, Sanofi Says

Nov. 8 (Bloomberg) -- Genzyme Corp. should forgo defensive measures such as staggering the terms of its directors to allow shareholders to decide whether they want to accept an $18.5 billion takeover offer from Sanofi-Aventis SA, Sanofi said. Sanofi is ... (Source: BusinessWeek 2010-11-08T15:52:51Z)

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)

UPDATE: Goldman Faces Lawsuit On $1.2 Billion Hudson CDO Deals- Filing

Goldman Sachs Group Inc. ( GS ) faces a class-action lawsuit over two collateralized debt obligations it packaged and sold in 2006 and 2007, according to its latest quarterly regulatory filing. The CDO deals, called Hudson Mezzanine Funding 1 and 2 ... (Source: NASDAQ 2010-11-09T17:17:34Z)

Mixed picture for Windows Phone 7 after first day of sales

The trajectory of Windows Phone 7 remained uncertain Tuesday, a day after Microsoft threw a massive coast-to-coast coming-out party celebrating its belated return to the smartphone market. Sounds promising for Microsoft, right? Perhaps, but then comes ... (Source: YAHOO! 2010-11-09T23:58:26Z)

GRANDSON FOR SALE: Florida woman, boyfriend tried to sell infant for $30,000

Florida Department of Law Enforcement agents arrested 45-year-old Patty Bigbee and 42-year-old Lawrence Works on Friday in Daytona Beach after they met with an agent posing as a buyer. Both were charged with illegal sale or surrender of a child, and Bigbee ... (Source: Grand Forks Herald 2010-11-06T16:23:52Z)

Business is business in Japan's Chinatown

Even with festering strains between China and Japan, business is business, and in the Japanese city hosting a regional summit the bonds binding Asia's top two economies can be counted in pork buns and chestnuts. Yokohama will host the Asia-Pacific Economic ... (Source: msnbc.com 2010-11-09T12:02:36Z)

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 2010-11-09T14:25:46Z)

Yanks call Cliff Lee's agent as signing period opens

NEW YORK — The Yankees wasted little time in their pursuit of Cliff Lee. New York called the pitcher's agent Sunday on the first day of the free-agent negotiating period to say they will be back in touch with an offer for the top pitcher on the market ... (Source: Register Citizen 2010-11-09T05:21:45Z)

Finra Fines Goldman Over Disclosure; New Name Emerges

The Financial Industry Regulatory Authority fined Goldman Sachs & Co. $650,000, ending a bout of scrutiny over the firm's disclosures of investigations into its Abacus CDO 2007-AC1. Finra said Goldman failed for several months to report that two of its ... (Source: Wall Street Journal 2010-11-09T21:49:35Z)

Microsoft Windows Phone 7 devices go on sale

Smart phones running Microsoft's new software are now available for AT&T Inc. and T-Mobile USA customers. They phones will compete with Apple Inc.'s iPhone and an expanding number of phones with Google Inc.'s Android system. The first batch of handsets are ... (Source: AP - msnbc.com 2010-11-08T23:38:09Z)

Sanofi presses Genzyme over takeover bid

WASHINGTON — French drug maker Sanofi Aventis SA is putting new pressure on biotech drug maker Genzyme to accept its takeover offer, criticizing several defensive maneuvers outlined by the company's board of directors, which rejected the $18.5 billion ... (Source: Boston Globe 2010-11-09T09:10:48Z)

General Electric to Invest $2 Billion in China

General Electric ( GE ), the global conglomerate whose businesses include consumer and business financing, power generation, household appliances, aircraft engines, medical imaging and media content, said it plans to invest more than $2 billion in China ... (Source: Daily Finance 2010-11-09T15:23:02Z)

UPDATE: Chevron's Offer For Atlas Boosts Natural Gas Sector

NEW YORK (Dow Jones)--Chevron Corp.'s (CVX) agreement to buy Atlas Energy Inc. (ATLS) for $3.2 billion raised expectations Tuesday that other natural gas companies could be ripe for deals. Atlas is a leading producer in the Marcellus shale, one of the many ... (Source: Wall Street Journal 2010-11-09T15:44:31Z)

New Issue-PPG Industries sells $1 bln notes in 3 parts

Nov 9 (Reuters) - PPG Industries Inc ( PPG.N ) on Monday sold $1 billion of senior unsecured notes in three parts, said IFR, a Thomson Reuters service. Goldman Sachs, JP Morgan and Morgan Stanley were the joint bookrunning managers for the sale. BORROWER ... (Source: Reuters UK 2010-11-09T19:55:03Z)

Grandson for sale in Florida

ORLANDO - A Florida woman has been arrested on charges of trying to sell her own 8-week-old grandson, authorities said on Friday. Patty Bigbee, 45, was arrested after the Florida Department of Law Enforcement said she offered to sell the child for $75,000 ... (Source: msnbc.com 2010-11-08T22:40:53Z)

Yankees not wasting time in pursuit of Cliff Lee; Detroit reaches deal with SS Jhonny Peralta

NEW YORK (AP) — The Yankees wasted little time in their pursuit of Cliff Lee. New York called the pitcher's agent Sunday on the first day of the free-agent negotiating period to say they will be back in touch with an offer for the top pitcher on the ... (Source: Baltimore Sun 2010-11-08T16:07:10Z)

Goldman Sachs Fined $650,000 for Failing to Disclose SEC Probe

Goldman Sachs Group Inc. will pay $650,000 to resolve a brokerage regulator's claim that the company failed to disclose that trader Fabrice Tourre and another employee were facing a U.S. Securities and Exchange Commission probe. The Wall Street firm ... (Source: Bloomberg 2010-11-09T18:57:47Z)

Microsoft's Windows Phone 7 HTC HD7 sells out temporarily online

Smart phones running Microsoft's new Windows Phone 7 operating system arrived in stores Monday. And at least one of the phones has been a sellout, for a few hours at least. The HTC HD7 , sold by T-Mobile, was listed as being out of stock on T-Mobile's ... (Source: PMP Today 2010-11-09T23:51:17Z)

Sanofi Says Genzyme Should Swear Off Defensive Steps

Nov. 8 (Bloomberg) -- Genzyme Corp. should forgo defensive measures such as staggering the terms of its directors to allow shareholders to decide whether they want to accept an $18.5 billion hostile takeover offer from Sanofi-Aventis SA, Sanofi said ... (Source: BusinessWeek 2010-11-08T17:40:14Z)

Reportlinker Adds Production and Market of Non-Crop Pesticides in China

As a branch of pesticide industry comparatively to crop pesticide, Chinese non-crop pesticide industry has been witnessing fast development in the first 10 years of the 21st century, valuing USD1,996.80 million in 2009 at the end-user level, with CAGR of ... (Source: Yahoo Finance 2010-11-09T18:29:09Z)

Sara Lee slims down with $959M baking sale to Grupo Bimbo

Sara Lee Corp. is cutting the apron strings on its struggling North American bread-making business, selling it to Mexican baking giant Grupo Bimbo for $959 million. The deal makes Grupo Bimbo the largest baker in the U.S. It also marks Sara Lee's last ... (Source: Salt Lake Tribune 2010-11-10T00:12:45Z)

China Construction Bank gets OK for $9.2 billion share sale in HK, Shanghai to add capital

SHANGHAI (AP) — China Construction Bank, the country's second-biggest lender, plans to raise 61.6 billion yuan ($9.2 billion) from a share sale in Shanghai and Hong Kong to help fortify its capital base following a lending boom. The announcement by the ... (Source: Los Angeles Times 2010-11-03T03:20:01Z)

BofA, JPMorgan Reprise Perfect Trading Run in Quarter

Nov. 9 (Bloomberg) -- Bank of America Corp. and JPMorgan Chase & Co., the two biggest U.S. banks by assets, racked up perfect trading records for the second time this year, making money every day last quarter after accomplishing the same feat in the first ... (Source: BusinessWeek 2010-11-09T23:36:58Z)

Report: Yankees call Cliff Lee's agent

NEW YORK -- The Yankees called Cliff Lee 's agent Sunday on the first day of the free-agent negotiating period to say they will be back in touch with an offer for the top pitcher on the market, a baseball official familiar with the conversation told The ... (Source: ESPN.com 2010-11-07T23:46:29Z)

Investigators say Florida mother wanted money from infant son's sale to pay for new car

DAYTONA BEACH, Fla. - Investigators say a Florida woman knew her mother was trying to sell her child and wanted some of the money to pay for a new car. Stephanie Bigbee Fleming of Bradenton was charged Tuesday with being a principal to illegal sale or ... (Source: Minneapolis Star Tribune 2010-11-09T19:04:57Z)

JPMorgan, Goldman Sachs, BofA Merrill Lynch part of SunGard Data USD1.6bn debt sale

For full details on Morgan Stanley (MS) MS . Morgan Stanley (MS) has Short Term PowerRatings at TradingMarkets. Details on Morgan Stanley (MS) Short Term PowerRatings is available at This Link . For full details on Citigroup (C) C . Citigroup (C) has Short ... (Source: TradingMarkets.com 2010-11-02T15:31:20Z)

Sara Lee to keep shrinking with bread unit sale

Net income fell to $194 million, or 29 cents per share, from $287 million, or 41 cents per share, a year earlier. Earnings from continuing operations, excluding special items, were 13 cents per share, missing analysts' average estimate of 17 cents ... (Source: Reuters 2010-11-09T22:54:01Z)

Sara Lee slims down with $959M bread sale to Bimbo

Sara Lee Corp. is cutting the apron strings on its struggling North American bread-making business, selling it to Mexican baking giant Grupo Bimbo for $959 million. The deal makes Grupo Bimbo the largest baker in the U.S. It also marks Sara Lee's last ... (Source: AP - msnbc.com 2010-11-09T20:16:32Z)

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