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, 5:40 am

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)

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)

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 2-AOL taps BofA to consider Yahoo deal -sources

NEW YORK, Nov 8 (Reuters) - AOL Inc ( AOL.N ) has tapped Bank of America to explore strategic options including a potential Yahoo Inc ( YHOO.O ) merger, according to people familiar with the matter. Allen & Co LLC, a New York-based boutique investment bank ... (Source: Reuters 2010-11-08T23:16:40Z)

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)

Lilly snags Avid Radiopharmaceuticals

NEW YORK — Eli Lilly & Co., facing generic competition to its top-selling medicine next year, agreed to buy Avid Radiopharmaceuticals Inc. of Philadelphia for $300 million, gaining compounds to detect and monitor chronic diseases such as Alzheimer's ... (Source: Boston Globe 2010-11-09T09:10:48Z)

Let the offseason begin, Part 2: Red Sox after Werth? Yankees to pay Jeter $60M?

The Red Sox should have learned two years into the five-year, $70 million contract they gave Drew in 2007 was a mistake. He was a solid player before his arrival, there was no doubting that, but money was thrown at him in such an oft-hand way–so ... (Source: Bleacherreport.com 2010-11-09T10:08:04Z)

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)

UPDATE 1-AOL taps BofA to mull Yahoo deal -sources

Yahoo Chief Executive Carol Bartz told Reuters in September that Yahoo has turned down offers from Alibaba to buy back its stake. The stake is estimated to be worth up to $11 billion. Spinning off Alibaba would generate a return of capital to Yahoo's ... (Source: Reuters 2010-11-08T23:02:21Z)

APEC: No kimonos for leaders

YOKOHAMA, Japan - For some Pacific Rim leaders, this will surely come as a relief: No kimonos or other special attire for the annual group photo. Over the years, one of the most memorable moments of the annual Asia-Pacific Economic Cooperation summit has ... (Source: China Daily 2010-11-09T11:33:58Z)

Obama presses to finish trade deal with South Korea

WASHINGTON -- The White House is intensifying negotiations with South Korea on revising a free-trade agreement negotiated by the Bush administration, even though the accord still faces opposition from Democratic politicians, labor unions and Ford Motor Co ... (Source: Pittsburgh Post-Gazette 2010-11-09T05:36:04Z)

SKorean, US trade chiefs meet again to save deal

South Korean and U.S. officials negotiated for a second day Tuesday to save a stalled free trade agreement before their presidents meet this week. The countries, long close security allies, reached the deal to slash tariffs and other barriers to trade in ... (Source: Forbes 2010-11-09T06:33:19Z)

No quick deal expected for Cliff Lee

NEW YORK -- While the Yankees and other clubs have already made their desires known to Cliff Lee , his agent doesn't expect any quick decisions. "We are in the infancy stages," Lee's agent Darek Braunecker told ESPNNewYork.com. Braunecker said that he ... (Source: ESPN.com 2010-11-08T19:34:46Z)

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)

U.S., S. Korea try to save trade deal

SEOUL, South Korea — South Korea and the United States held talks Monday in a bid to breathe new life into a free- trade agreement that has languished unratified for more than three years as Washington pushes for greater market access for its cars and ... (Source: Denver Post 2010-11-09T07:59:13Z)

Caritas Christi deal finalized

Caritas Christi Health Care , the state's second largest health care system, announced Monday that it has officially completed its sale to Cerberus Capital Management L.P , a New York-based private equity firm. The closing makes the merger of the ... (Source: Abington Mariner 2010-11-08T23:59:37Z)

Could APEC become a free-trade negotiator?

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: Houston Chronicle 2010-11-09T06:26:10Z)

Amazon reportedly near deal to buy Quidsi

SAN FRANCISCO — Amazon.com Inc. is closing in on an agreement to buy Quidsi Inc., the owner of Diapers.com and Soap.com , for $540 million, two people with knowledge of the matter said. An announcement may be made as soon as today, said one of the people ... (Source: Boston Globe 2010-11-08T05:08:37Z)

Cerberus completes $895M Caritas purchase

N ew York private-equity firm Cerberus Capital Management has completed its $895 million purchase of Boston-based Caritas Christi Health Care. The deal erases the debt of the struggling Catholic hospital chain, now a for-profit business called Steward ... (Source: Boston Herald 2010-11-09T05:14:35Z)

Amazon aims to woo women with Quidsi acquisition

Jeff Bezos, founder and chief executive of Amazon, on Monday confirmed his company's $545m deal to acquire Quidsi, the largest US online retailer of diapers, or nappies, and other baby products. While praising the speed and low costs of Quidsi's ... (Source: Financial Times 2010-11-09T00:28:15Z)

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 2010-11-09T11:48:17Z)

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)

Cerberus completes $895M purchase of Caritas

N ew York private-equity firm Cerberus Capital Management has closed its $895 million purchase of Caritas Christi Health Care. The finalization of the deal, which transforms the struggling six-hospital chain to a for-profit business under Cerberus ... (Source: Boston Herald 2010-11-09T05:00:16Z)

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)

Google Exec Commits To More Huge Acquisitions

Google's legendary war chest may finally be put to use. Although there's almost no way the company will spend all its cash, a vice president of corporate development did indicate in a recent interview that it's looking to make one or more gigantic ... (Source: WebProNews 2010-11-09T04:24:29Z)

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)

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)

Alibaba to Reportedly Buy Back Shares Held by Yahoo

Alibaba Group is trying to buy back a 40% stake in itself held by Yahoo Inc. (Nasdaq: YHOO | PowerRating ) to end the dispute between the two companies, according to a person in the know. In the past weeks, Jack Ma frequently met with private equity ... (Source: TradingMarkets.com 2010-11-09T10:36:42Z)

Amazon aims to woo women with Quidsi buy

Jeff Bezos confirmed Amazon's company's $545m deal to acquire Quidsi, the largest US online retailer of diapers, or nappies, and other baby products. But while the Amazon founder and chief executive praised the speed and low costs of Quidsi's Diapers ... (Source: Financial Times 2010-11-09T07:59:13Z)

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