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, 5:41 pm

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 sells its North American Fresh Bakery unit to Grupo Bimbo for $959 million

PORTLAND, Ore. - 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 ... (Source: Minneapolis Star Tribune 2010-11-09T20:23:41Z)

Sara Lee slims down in bakery sale to Bimbo

NEW YORK Sara Lee is cutting the apron strings on its unit that bakes bread, selling it to Mexican bakery giant Grupo Bimbo for $959 million as it looks to concentrate more on its coffee and meat businesses. The maker of Jimmy Dean sausages and Sara Lee ... (Source: Houston Chronicle 2010-11-09T20:16:32Z)

Putting great store in ties

Premier Wen Jiabao accompanies British Prime Minister David Cameron as they review a guard of honor at a welcome ceremony in the Great Hall of the People in Beijing on Tuesday. Wu Zhiyi / China Daily British Prime Minister David Cameron (left) leaves a ... (Source: People's Daily Online 2010-11-10T00:19:54Z)

Cameron vows to boost Chinese ties

BEIJING: British Prime Minister David Cameron's efforts to double trade with China by 2015 received a boost when aero-engine maker Rolls-Royce won a $1.2bn order from China Eastern Airlines. Cameron, making his first visit to the Asian powerhouse since ... (Source: Peninsula 2010-11-09T23:44:07Z)

Is Windows Phone 7 Really a Huge Success?

Consumers can't get enough of Windows Phone 7 , according to reports of strong customer demand Tuesday. T-Mobile, one of two U.S. wireless carriers currently offering Win Phone 7 devices, can't keep the Win Phone 7-based HTC DH7 in stock (it sold out soon ... (Source: YAHOO! 2010-11-10T00:12:45Z)

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)

APS Announces Landmark Accord for Four Corners Power Plant

Company Agrees to Purchase Southern California Edison Share of Units 4, 5; Close Units 1, 2, 3 if Deal Approved PHOENIX--( BUSINESS WIRE )--Arizona Public Service Company has entered into an agreement to purchase Southern California Edison's ownership in ... (Source: Business Wire 2010-11-08T06:34:31Z)

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)

Sara Lee Slims Down In $959M Bakery Sale To Bimbo

(AP) NEW YORK (AP) - Sara Lee is cutting the apron strings on its unit that bakes bread, selling it to Mexican bakery giant Grupo Bimbo for $959 million as it looks to concentrate more on its coffee and meat businesses. The maker of Jimmy Dean sausages and ... (Source: CBS News 2010-11-09T15:37:21Z)

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)

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 2010-11-09T13:28:30Z)

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)

At a glance: Sara Lee's deal with Grupo Bimbo

Sara Lee Corp. is selling its North American fresh bakery unit to Grupo Bimbo for $959 million. About the companies: Sara Lee Corp. HEADQUARTERS: Downers Grove, Ill. STOCK: New York Stock Exchange, ticker SLE BRANDS: Include Ball Park, Hillshire Farm ... (Source: AP - msnbc.com 2010-11-09T19:19:16Z)

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)

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)

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)

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)

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)

UTILITIES: Ariz. utility plans partial closure of power plant

FLAGSTAFF, Ariz. ---- Arizona's largest utility company is seeking majority ownership of two units at a coal-fired power plant it operates in New Mexico and plans to shutter the other three, more polluting generators. Arizona Public Service Company said ... (Source: North County Times 2010-11-10T00:41:23Z)

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)

Four Corners Transaction Would Shutter 3 of 5 Units

Arizona Public Service Company announced a deal Monday to purchase Southern California Edison's ownership in two units of the coal-fired Four Corners Power Plant near Farmington for $294 million. If the transaction is approved by federal and state ... (Source: TradingMarkets.com 2010-11-09T14:32:56Z)

Goldman, Natixis to settle court spat

LONDON (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 terminated bond deal that highlights a rising tide of financial legal spats. One lawyer told ... (Source: Reuters UK 2010-11-09T13:35:40Z)

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)

Agent: Lee will take his time

Miguel Tejada helped himself with a hot stretch in San Diego. Stan McNeal says Tejada should match or beat the new going rate for shortstops. NEW YORK — Cliff Lee will be taking a slow approach to free agency. "We're just gathering information. That's ... (Source: Sporting News 2010-11-09T04:53:07Z)

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)

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)

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)

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)

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