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, 7:40 pm

Former BP chief Tony Hayward says company was unprepared for Gulf oil spill, media frenzy

LONDON - Former BP PLC chief Tony Hayward has acknowledged that the company was unprepared for the disastrous Gulf of Mexico oil spill and the media frenzy it spawned, and said the firm came close to financial disaster as its credit sources evaporated. In ... (Source: Minneapolis Star Tribune 2010-11-09T22:46:51Z)

Chevron to buy Atlas Energy for $3.2 billion in cash and stock

Chevron will buy natural gas 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., is the ... (Source: Los Angeles Times 2010-11-09T14:40:05Z)

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)

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)

Skymark clears air for Japan's budget airlines

Monday's announcement by Skymark Airlines , the Japanese budget carrier, that it planned to buy up to six Airbus A380 superjumbo jets provided a welcome boost to the aircraft's European manufacturer. Airbus is fighting to restore confidence in the 525 ... (Source: Financial Times 2010-11-09T16:56:06Z)

Black Friday 2010 Sales to Offer More Discounts Than 2009

Couponcodes4u, one of the leading coupon websites in the US, is ready to offer its share of Black Friday sales this month. A special Black Friday section has been launched to help shoppers make the most of the best deals online from leading retailers. The ... (Source: msnbc.com 2010-11-09T16:56:06Z)

Eagles force to be reckoned with when Vick, Jackson are healthy

PHILADELPHIA -- Winston Justice figures that many of his contemporaries who line up on the opposing defense against the Philadelphia Eagles spent a good deal of their teenage years playing Madden NFL. The Eagles' 26-year-old offensive tackle suspects that ... (Source: NFL 2010-11-08T23:38:09Z)

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 2010-11-09T12:59:52Z)

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)

Day-After Dissection: Eagles-Colts

This one was for the old man. This one was for Jim Johnson, who didn't live long enough to see his defense do what it did Sunday. He didn't live long enough to see it beat Peyton Manning. "This is sweet,'' defensive coordinator Sean McDermott said ... (Source: Philadelphia Daily News 2010-11-09T21:56:45Z)

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

$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)

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 2010-11-10T02:43:04Z)

Business Highlights

___ Oil companies increasingly eye natural gas NEW YORK (AP) — Pretty soon, Big Oil will be more like Big Gas. The major oil companies are increasingly betting their futures on natural gas, with older oil fields producing less crude and newer ones either ... (Source: AP - msnbc.com 2010-11-09T23:22:39Z)

UPDATE 1-Ensco reaches deal on new rig in Gulf of Mexico

SAN FRANCISCO Oct 29 (Reuters) - Ensco Plc ( ESV.N ) has struck a deal with Nexen Inc ( NXY.TO ) over the disputed contract for a newly built deepwater rig, leading Ensco to push its fourth-quarter revenue guidance higher. Shares of the offshore rig ... (Source: Reuters 2010-10-29T21:55:28Z)

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)

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)

Airbus Tries to Go Big in Japan With Discount Carrier Skymark

Nov. 8 (Bloomberg) -- Airbus SAS's hope of cracking the Japanese market with its A380 superjumbo lies with a low-cost carrier that only runs domestic routes with a fleet of short- distance jets. Skymark Airlines Inc., which began service in 1998, plans ... (Source: BusinessWeek 2010-11-08T11:42:19Z)

Eagles are an offensive force with Vick, Jackson healthy

PHILADELPHIA -- Winston Justice figures that many of his contemporaries who line up on the opposing defense against the Philadelphia Eagles spent a good deal of their teenage years playing Madden NFL. The Eagles' 26-year-old offensive tackle suspects that ... (Source: NFL 2010-11-07T23:53:39Z)

Knife found under seat on Delta flight to Japan

TOKYO — Police are investigating a Delta Air Lines flight from South Korea to Japan after a small knife was found under passenger seats, an official said Tuesday. The Delta flight with 86 passengers and eight crew members arrived at Narita, Japan from ... (Source: Seattle Times 2010-11-09T17:53:22Z)

Sara Lee cuts carbs, is selling its bread business

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 2010-11-09T21:20:57Z)

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)

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)

TV Bargains Come Early This Year

Retailers and manufacturers are slashing flat-screen television prices more aggressively than usual this holiday season in hopes of avoiding a pileup of inventory. Wal-Mart Stores Inc., Best Buy Co. and Amazon.com Inc. are touting deals ahead of Black ... (Source: Wall Street Journal 2010-11-09T23:51:17Z)

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)

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)

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)

Wal-Mart And Best Buy Running Pre-Black Friday Deals

Retailers are preparing their big Black Friday deals and Wal-Mart and Best Buy are starting early with special holiday sales this weekend. Wal-Mart is running a two-day sale on electronics November 6-7. While they don't have any of their freshly stocked ... (Source: Mediabistro.com 2010-11-05T20:21:16Z)

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)

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