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, 6:40 pm

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)

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)

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)

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)

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)

APEC meetings open with talk of Pacific Rim FTA

Associated Press= YOKOHAMA, Japan (AP) — Officials from 21 Pacific Rim economies, including the U.S., China and Japan, began meetings Sunday that could move the region toward a bold goal — creating a Pacific-wide free trade zone. The Asia-Pacific ... (Source: The Guardian 2010-11-09T21:28:07Z)

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)

Eli Lilly to buy Avid Radiopharmaceuticals for up to $800M

Drug maker Eli Lilly and Company said Monday it had struck a deal to buy a biotech start-up that's developing an imaging agent that could better help diagnose Alzheimer's disease. Indianapolis, Ind.-based Eli Lilly said it plans to buy Avid ... (Source: DOT med 2010-11-09T17:46:12Z)

Amazon.com (AMZN) Buys Quidsi, Parent Company of Diapers.com, Soap.com, for $500M in Cash

Amazon.com (Nasdaq: AMZN ) has just confirmed that it will acquire Quidsi, Inc., operator of Diapers.com and Soap.com, for $500 million in cash. Amazon will assume $45 million in debt as part of the deal. "I'm not sure which is more unpleasant ... (Source: StreetInsider.com 2010-11-08T13:58:19Z)

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)

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)

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: Forbes 2010-11-09T20:38:00Z)

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 3-Goldman fined for slow disclosure of SEC probes

NEW YORK, Nov 9 (Reuters) - A U.S. regulator fined Goldman Sachs Group Inc ( GS.N ) $650,000 for being too slow to reveal that two employees were facing government probes, including a vice president at the center of a civil fraud case against the Wall ... (Source: Reuters 2010-11-09T18:43:28Z)

Sara Lee to sell bakery unit to Grupo Bimbo for $959 million

Sara Lee Corp. is cutting the apron strings on its struggling North American bread-making business, agreeing to sell it to Mexican baking giant Grupo Bimbo for $959 million. The deal would make Grupo Bimbo the largest baker in the U.S. It also marks Sara ... (Source: Los Angeles Times 2010-11-10T00:27:04Z)

APEC ministers meet to push free trade goals

YOKOHAMA, Japan (AP) — Pacific Rim foreign and trade ministers are meeting to thrash out ways to push ahead with free trade goals ahead of a regional economic summit this weekend. Opening the Asia-Pacific Economic Cooperation forum's ministerial two-day ... (Source: The Guardian 2010-11-10T01:45:48Z)

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)

Amazon.com acquires Quidsi Inc. for $500 million

SEATTLE : Amazon.com on Monday announced that it reached an agreement to purchase Quidsi Inc. for $500 million for its two sites, Diapers.com, an online baby care specialty site, and Soap.com, an online site for everyday essentials. "This acquisition ... (Source: New Kerala 2010-11-09T12:16:55Z)

Cameron Risks China Spat by Wearing Poppy During Trip

Nov. 10 (Bloomberg) -- U.K. Prime Minister David Cameron resisted a request from Chinese officials yesterday to remove the poppy symbol that Britons wear every November in memory of their war dead during his visit to Beijing. Poppies have been Britain's ... (Source: BusinessWeek 2010-11-10T01:10:01Z)

Amazon Buys Online Home Products Company Quidsi

Online retailer Amazon.com ( NASDAQ :AMZN) said Monday it was purchasing Quidsi, parent company of special online retailers Diapers.com and Soap.com in a deal worth about $500 million. The move adds even more "everyday" products to Amazon's product ... (Source: FOXBusiness 2010-11-08T19:20:27Z)

Sara Lee to sell North American bakery unit for $959 million

NEW YORK (AP) — Sara Lee Corp. is selling its North American Fresh Bakery unit to baking company 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 breads said ... (Source: Greensboro News & Record 2010-11-09T20:30:51Z)

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)

$4 billion deal will give Chevron Pennsylvania stake

Businesses: Controls 486,000 Marcellus shale acres, 623,000 acres of Utica shale in New York and about 9 trillion cubic feet of natural gas resources overall. Related deals: • Affiliate Atlas Pipeline Holdings LP would buy producing oil and gas assets ... (Source: Pittsburgh Tribune-Review 2010-11-10T00:34:13Z)

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)

Putting great store in Sino-UK 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) He may have flown halfway around the world but David ... (Source: People's Daily Online 2010-11-10T01:45:48Z)

Chevron Corp. to buy Atlas Energy

NEW YORK - Chevron Corp. said Tuesday it will buy Atlas Energy Inc. in a $4.3 billion deal that values the energy firm at a 37 percent premium, as the oil giant aims to beef up its market position in the U.S. shale-gas business by acquiring assets in the ... (Source: Knoxville News Sentinel 2010-11-10T02:07:17Z)

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)

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)

Higher commodity costs pull Sara Lee 1Q net down

DOWNERS GROVE, Ill.—Sara Lee Corp. says its fiscal first-quarter net income declined 32 percent, weighed down by higher commodity costs and increased marketing spending. The maker of Jimmy Dean sausages and Sara Lee breads also said Tuesday that it is ... (Source: San Jose Mercury News 2010-11-09T20:23:41Z)

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)

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