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 / October 1, 2010, 11:41 pm

Citigroup Wins $469 Million Sale of New York State-Backed Bonds

Citigroup Inc. submitted the winning bid for $469.4 million of New York state tax-exempt bonds backed by annual appropriations. The winning bid of a 1.42 percent fee beat seven other banks. Barclay's Capital was closest, with 1.47 percent, while Goldman ... (Source: Bloomberg 2010-09-29T08:33:32Z)

New York only state to broaden Medicaid

WASHINGTON -- While facing unprecedented deficits, New York State was nonetheless the only state in the nation to decide to broaden eligibility, benefits and medical provider payments for Medicaid -- the state-federal health program for the elderly ... (Source: Buffalo News 2010-10-01T13:24:39Z)

Castle Harlan Completes Sale of Ames True Temper, Leading Maker of Lawn and Garden Tools ...

Castle Harlan, Inc., the New York private equity firm, announced today that Castle Harlan Partners IV has completed the sale of Ames True Temper, Inc., the leading North American manufacturer and global marketer of non-powered lawn and garden tools and ... (Source: TradingMarkets.com 2010-09-30T18:26:29Z)

Old Republic completes purchase of PMA Capital

PMA Capital Corp. said Friday its sale to fellow insurer Old Republic International Corp. for $365 million has been completed. The deal, announced June 10, includes $228 million in stock and the assumption of $137 million of debt by Chicago-based Old ... (Source: Philadelphia Business Journal 2010-10-01T15:26:20Z)

College football: Johnnies bear down for Tommy challenge

COLLEGEVILLE — Yes, there is the rivalry, with all the hoopla it entails on both campuses. And yes, it is homecoming, and a crowd that could hit 13,000 or higher is expected to be on hand. But St. John's senior quarterback Joe Boyle and his teammates ... (Source: St. Cloud Times 2010-10-01T16:52:14Z)

Hon Hai Falls Most in 4 Weeks After Convertibles Sale

(Adds equity analyst comment in third paragraph.) Oct. 1 (Bloomberg) -- Hon Hai Precision Industry Co., the world's largest contract manufacturer of electronics, fell the most in four weeks after selling $1 billion of unsecured bonds which can be ... (Source: BusinessWeek 2010-10-01T05:32:12Z)

AT&T Names Amy Hines Kramer Legislative Director of AT&T New York

Author : AT&T Inc. "What is most critical is that AT&T's New York customers and public officials are always afforded the best possible service and partnering in the telecommunications industry," said Lenox.  "Amy will be a key player in that endeavor ... (Source: Earthtimes 2010-10-01T14:00:26Z)

Clearwire Resignations Spark Chatter

Three top executives of Sprint Nextel resigned from the board of its Clearwire venture, stoking speculation it would pave the way for a wholesale deal or equity stake sale to T-Mobile USA , Reuters reported. Sprint said the resignations were only to comply ... (Source: New York Times Blogs 2010-10-01T17:35:11Z)

THE BIG QUESTION: Will the UK's FiT Ensure its Solar Sector's Future?

London, UK Given recent developments in Germany and Spain, will the UK's solar feed-in tariff be enough to engender a long-term sustainable solar manufacturing and installation industry in Britain? If not, then how can this be achieved? And how should the ... (Source: RenewableEnergyWorld.com 2010-10-01T10:40:01Z)

PMA Capital shareholders OK sale to Old Republic

BLUE BELL, Pa. - PMA Capital Corp. said Tuesday its shareholders have approved insurer Old Republic International Corp.'s bid for PMA. The shareholder vote clears the way for the $228 million, all-stock transaction to close Oct. 1 as planned. Under the ... (Source: CNBC 2010-09-21T22:33:23Z)

BP to Resume Dividends

This article has been adapted from our sister site across the pond,   Fool UK . BP 's (NYSE: BP ) long, slow climb back toward respectability took another significant step on Thursday, with new chief executive Bob Dudley hinting that the company may ... (Source: Motley Fool 2010-10-01T18:46:46Z)

Dell Makes $100 Billion Bet on China

Dell Inc. is making a $100 billion bet that China will remain one of the fastest-growing markets for personal computers over the next decade. Dell said Thursday it plans to open a manufacturing, sales and service center in Chengdu in 2011 that could ... (Source: Enterprise Security Today 2010-09-19T23:54:30Z)

MeadWestvaco sells media packaging business

Packaging company MeadWestvaco Corp. says it has completed the sale of its global media and entertainment packaging business. The Richmond company said Friday the business was sold to Atlas Holdings LLC for $68 million in cash. It had first announced an ... (Source: AP - msnbc.com 2010-10-01T16:09:17Z)

Habben, Johnson are latest to join Cardinal HOF

The Willmar Cardinal Pride Hall of Fame inductees for 2010 are Kenny Johnson (Class of 1947) and Jon Habben ('75) for 2010. They'll be introduced at halftime of Friday's homecoming football game against Sauk Rapids. Habben was among the defensive ... (Source: West Central Tribune 2010-09-23T05:34:32Z)

Latest Connecticut News, Sports, Business And Entertainment:,

NEW HAVEN, Conn. (AP) The lawyer for one of the men charged in a deadly home invasion has told a Connecticut jury that the other suspect was responsible for escalating the violence. Tom Ullman, the attorney for Steven Hayes, delivered his closing argument ... (Source: WNCT 2010-10-01T19:36:53Z)

BP Plc Stock Rising, Dividend Could Return

BP Plc (NYSE:BP) stock has been rising this week, and news that the company might re-instate its dividend in 2011 is welcome to long-suffering investors. BP Plc (LON:BP) is expected to return to paying a dividend in 2011, the Wall Street Journal reported ... (Source: Times of the Internet 2010-10-01T13:46:07Z)

CSC's Dynport Vaccine Company is Awarded UK Ministry of Defence Contract for Plague ...

FALLS CHURCH, Va., – CSC ( NYSE: CSC ) announced today that the United Kingdom Ministry of Defence (UKMOD) awarded DynPort Vaccine Company LLC (DVC), a CSC company, a contract to scope the requirements for achieving licensure of the plague vaccine in the ... (Source: WebWire 2010-10-01T14:43:23Z)

MWV Completes Sale of Media and Entertainment Packaging Business for $68 Million

RICHMOND, Va., Oct 01, 2010 (BUSINESS WIRE) -- MeadWestvaco Corporation (NYSE:MWV) today announced it has completed the sale of its global media and entertainment packaging business to Atlas Holdings LLC for $68 million in cash, subject to post-closing ... (Source: Marketwatch 2010-10-01T12:27:23Z)

PMA Capital bought by Chicago insurer

Old Republic International Corp. completed its purchase of PMA Capital Corp., Blue Bell, in an all-stock deal, the companies said today. The price was about $240 million, based on Old Republic's current stock price and the number of shares PMA had ... (Source: Philadelphia Daily News 2010-10-01T16:09:17Z)

Omaha, Kearney campuses to celebrate homecoming

Two University of Nebraska system campuses are celebrating homecoming this week. The University of Nebraska at Omaha and the University of Nebraska at Kearney have held events all week to mark the 2010 homecoming. In Omaha, parties have been held for ... (Source: Beatrice Daily Sun 2010-10-01T14:29:04Z)

Dell bets China will remain fast-growing market for personal computers

SEATTLE — Dell Inc. is making a $100 billion bet that China will remain one of the fastest-growing markets for personal computers over the next decade. Dell said Thursday it plans to open a manufacturing, sales and service center in Chengdu in 2011 that ... (Source: Lubbock Avalanche-Journal 2010-09-20T05:09:27Z)

Venezuela gives BP approval to discuss assets sale

CARACAS (Reuters) - Venezuela has granted BP (LSE: BP.L - News ; NYSE: BP - News ) permission to negotiate the sale of its assets in the South American OPEC member, Venezuelan Oil Minister Rafael Ramirez said on Sunday. Last month, he said BP would need ... (Source: Yahoo Finance 2010-09-26T13:59:13Z)

Better get there early for Johnnies-Tommies game

COLLEGEVILLE — Homecoming weekend coupled with a football game between what could be Minnesota's fiercest small- college rivals will bring a lot of traffic Saturday to St. John's University. Officials are expecting 15,000 fans to show up for the game ... (Source: Post-Bulletin 2010-10-01T16:16:27Z)

High-Tech, Fuel-Efficient All-New Ford Focus Debuts at 2010 Paris Motor Show

-- New Focus to launch in North America with class-leading technologies, features and craftsmanship; highway fuel economy projected to be 40 mpg, with automatic transmission -- Production of 2012 Focus to begin in North America in late 2010, with sales of ... (Source: Daily Finance 2010-09-29T17:16:05Z)

Foster's may disappoint hopes for wine sale

The Australian brewing firm said on Sept. 7 that it rejected an approach for the unit, which media reports had tied to U.S. private-equity firm Cerberus Capital. Other suitors for the unit could include Kohlberg Kravis Roberts and TPG, which have been ... (Source: Marketwatch 2010-09-22T03:55:30Z)

Sprint officers resign from Clearwire board

NEW YORK (Reuters) - Three top executives of Sprint Nextel ( S.N ) resigned from the board of its Clearwire Corp ( CLWR.O ) venture, stoking speculation it was near a wholesale deal or equity stake sale to T-Mobile USA. Sprint said the move was to comply ... (Source: Reuters UK 2010-09-30T17:07:45Z)

Three Sprint execs resign from Clearwire board

NEW YORK (Reuters) - Three top executives of Sprint Nextel resigned from the board of its Clearwire Corp venture, stoking speculation it would pave the way for a wholesale deal or equity stake sale to T-Mobile USA. Sprint said the resignations were only to ... (Source: Reuters 2010-09-27T23:59:19Z)

Homecoming Weekend in Kearney, Omaha

Two University of Nebraska system campuses are celebrating homecoming this week. The University of Nebraska at Omaha and the University of Nebraska at Kearney have held events all week to mark the 2010 homecoming. In Omaha, parties have been held for ... (Source: WOWT 2010-10-01T18:46:46Z)

Get Out, Omaha!

If you have 15 minutes: Get online and buy your Lady Gaga ticket. The pop singer recently announced a second leg of her Monster Ball tour for 2011 and Omaha is on that list. Tickets to her March 17 performance range from $62.45 to $190.90 and go on sale at ... (Source: Omaha World-Herald 2010-10-01T03:23:21Z)

Analysis: UK spending cuts threaten solar market boom

In Spain, lucrative feed-in tariffs caused a nearly tenfold overshoot of the country's 2010 solar capacity target, sparking fears about further subsidy cuts following first slashes in 2008. Investors see Britain as one of the fastest-growing solar markets ... (Source: Reuters India 2010-10-01T16:16:27Z)

Deals of the Hour / October 1, 2010, 10:42 pm

Japanese leader says no apology to China

BEIJING—Japanese Prime Minister Naoto Kan on Sunday rejected China's repeated demand that Tokyo apologize and offer compensation for the arrest of a Chinese boat captain whose detention caused relations between the Asian neighbors to plunge to their ... (Source: San Jose Mercury News 2010-09-26T07:54:08Z)

DonorsChoose.org Offering Gift Cards for People Who Go See "Waiting for SUPERMAN"

DonorsChoose.org has partnered with Paramount Pictures, Participant Media and Walden Media to offer a $15 DonorsChoose.org gift card to each moviegoer who purchases a ticket for WAITING FOR "SUPERMAN" . The $15 gift code can be used on the DonorsChoose.org ... (Source: Artistdirect.com 2010-10-01T16:37:55Z)

Buying Movie Tickets Helps Fund Public Schools in DonorsChoose.org Campaign

The code can be used on DonorsChoose.org, a non-profit dedicated to funding small classroom projects in American public schools, to support projects like a new projector for science class or a tuba for the band. Since the film's limited release on ... (Source: Mashable.com 2010-10-01T02:47:34Z)

Japan PM urges China to act responsibly

Japan's prime minister urged China to act as a "responsible" member of the international community and raised concern over its expanding maritime activity in Asia, including in disputed waters where a ship collision ignited a bitter diplomatic feud. Prime ... (Source: AP - msnbc.com 2010-10-02T03:15:01Z)

Russian firm plans orbiting space hotel

MOSCOW — A Russian firm on Wednesday announced an ambitious bid to fill the vacuum in the space tourism market by stationing an orbiting hotel in the cosmos. The Moscow-based Orbital Technologies has sky-high hopes that its planned Commercial Space ... (Source: Seattle Daily Journal of Commerce 2010-10-01T07:05:16Z)

Publicist: George Lopez, wife ending 17-year marriage

A publicist says George Lopez and his wife are ending their 17-year marriage. A brief statement issued Monday by publicist Ina Treciokas says the comedian and his wife Ann came to the decision together and the breakup will be amicable. It did not offer ... (Source: San Jose Mercury News 2010-09-28T01:03:45Z)

Meg Whitman faces uproar over illegal immigrant maid in bid for California governor

SANTA MONICA, Calif. - Meg Whitman's campaign for governor was thrown into turmoil Thursday as the Republican sought to fend off new evidence that she knowingly had an illegal immigrant housekeeper on her payroll for nearly a decade. Whitman denounced the ... (Source: Minneapolis Star Tribune 2010-10-01T05:32:12Z)

Better get there early for Johnnies-Tommies game

COLLEGEVILLE — Homecoming weekend coupled with a football game between what could be Minnesota's fiercest small- college rivals will bring a lot of traffic Saturday to St. John's University. Officials are expecting 15,000 fans to show up for the game ... (Source: Post-Bulletin 2010-10-01T16:16:27Z)

Slimmed-down Crave AZ in Scottsdale focuses on foodies

The past two years have hit the restaurant business hard but people still crave a dining experience worth gushing over. A Northeast Valley lineup of fall culinary events kicks off this month and ticket sales are humming along, organizers say. After recent ... (Source: AZCentral.com 2010-09-21T03:06:35Z)

Russian to offer space tourists an orbiting hotel

A Russian firm on Wednesday announced an ambitious bid to fill the vacuum in the space tourism market by stationing an orbiting hotel in the cosmos. The Moscow-based Orbital Technologies has sky-high hopes that its planned Commercial Space Station can ... (Source: AP - msnbc.com 2010-09-29T13:34:11Z)

Meg Whitman Gets Lie-Detector Offer From Journalist

In one of the highlights of California Republican gubernatorial nominee Meg Whitman's Thursday news conference, she said she'd consent to a lie detector test to show she's telling the truth when she says she didn't know before June 2009 that her ex ... (Source: NPR News 2010-10-01T22:00:03Z)

Casting stones at Meg Whitman

Gloria Allred has really picked the wrong fight this time.  She'll no doubt continue to strut and fret her dwindling hour upon the stage, but hardly anyone in the California news audience can be paying attention. Apparently she thinks California voters ... (Source: Hotair.com 2010-10-02T05:02:23Z)

Humana and Wal-Mart forming prescription drug plan

Retail giant Wal-Mart Stores Inc. and health insurer Humana Inc. said Friday they are teaming up to offer a low-cost Medicare Part D prescription drug plan. The companies said the Humana Walmart-Preferred Rx Plan will have a premium of $14.80 per month ... (Source: AP - msnbc.com 2010-10-01T14:43:23Z)

Habben, Johnson are latest to join Cardinal HOF

The Willmar Cardinal Pride Hall of Fame inductees for 2010 are Kenny Johnson (Class of 1947) and Jon Habben ('75) for 2010. They'll be introduced at halftime of Friday's homecoming football game against Sauk Rapids. Habben was among the defensive ... (Source: West Central Tribune 2010-09-23T05:34:32Z)

Dollar Thrifty shareholders reject Hertz deal; Avis offer could still be in play

THE VOTE: Dollar Thrifty shareholders rejected a buyout offer from Hertz, with 11.8 million votes for the deal and 13.8 million against. THE OFFERS: Hertz was offering $43.60 in cash and 0.6366 shares of common stock of Hertz, for each share of Dollar ... (Source: Los Angeles Times 2010-09-30T20:42:29Z)

George Lopez and Wife to End Marriage After 17 Years

LOS ANGELES (Reuters) - Comedian and talk show host George Lopez and his wife, Ann, will end their 17-year marriage, the pair said in a joint statement on Monday. "The decision is amicable and by mutual agreement. They remain dedicated parents and ... (Source: ABC News 2010-09-27T23:30:41Z)

College football: Johnnies bear down for Tommy challenge

COLLEGEVILLE — Yes, there is the rivalry, with all the hoopla it entails on both campuses. And yes, it is homecoming, and a crowd that could hit 13,000 or higher is expected to be on hand. But St. John's senior quarterback Joe Boyle and his teammates ... (Source: St. Cloud Times 2010-10-01T16:52:14Z)

Hertz Ends Hunt for Dollar Thrifty, Leaving Clear Path for Avis

Oct. 1 (Bloomberg) -- Hertz Global Holdings Inc. ended its attempt to acquire Dollar Thrifty Automotive Group Inc. after shareholders rejected the deal, clearing the way for Avis Budget Group Inc.'s $1.53 billion takeover offer. Investors holding about ... (Source: BusinessWeek 2010-10-01T03:59:09Z)

UK offshore wind alone outdoes global capacity

LONDON (Reuters) - Britain's offshore wind capacity leapfrogged that of the rest of the world combined on Thursday as the largest offshore wind park came into operation off the coast of Kent. The UK's total offshore capacity thus rose to 1,341 megawatt (MW ... (Source: Reuters India 2010-09-23T00:05:15Z)

Russian firm unveils plan for first space hotel

MOSCOW (Reuters) - The lead Russian contractor for the International Space Station (ISS) says it plans to build the first hotel in space to cash in on a growing market for private tourism, a senior executive said on Thursday. Energia, part owned by the ... (Source: Reuters 2010-09-30T15:27:32Z)

Retailer Wal-Mart and insurer Humana plan to market low-cost national prescription drug plan

NEW YORK — Retail giant Wal-Mart Stores Inc. and health insurer Humana Inc. said Friday they are teaming up to offer a low-cost Medicare Part D prescription drug plan. The companies said the Humana Walmart-Preferred Rx Plan will have a premium of $14.80 ... (Source: Washington Examiner 2010-10-01T16:52:14Z)

NCPA: Walmart Medicare Drug Plan a Prescription for Poor Pharmacy Care

ALEXANDRIA, Va. , Oct. 1 /PRNewswire-USNewswire/ -- Wal-Mart Stores, Inc., the world's largest corporation, today announced a Medicare prescription drug plan that imposes higher co-payments on seniors who choose to continue using their trusted local ... (Source: Earthtimes 2010-10-01T16:16:27Z)

Britain opens world's largest offshore wind farm on south coast

London - The world's largest offshore wind farm was switched on in Britain Thursday as the government pledged to become a "world leader" in the industry. Swedish energy company Vattenfall, which constructed the Thanet offshore wind farm off the town of ... (Source: Earthtimes 2010-09-23T12:51:11Z)

Caribbean for $10 per person, all-inclusive? Yes!

Well, I think it's yes. These all-inclusive packages can obscure the true cost of anything, but let's just say this offer from CheapCaribbean.com is pretty darn cheap. The discount travel company that specializes in all-inclusive trips to the Caribbean and ... (Source: Weblogs.baltimoresun.com 2010-09-30T18:26:29Z)

'WAITING FOR 'SUPERMAN'' Moviegoers and DonorsChoose.org Give Back to More Than ...

HOLLYWOOD, Calif. , Sept. 30 -- DonorsChoose.org has partnered with Paramount Pictures, Participant Media and Walden Media to offer a $15 DonorsChoose.org gift card to each moviegoer who purchases a ticket for WAITING FOR "SUPERMAN." The  $15 gift code ... (Source: Earthtimes 2010-09-30T17:36:22Z)

George Lopez, wife ending 17-year marriage

A brief statement issued Monday by publicist Ina Treciokas says the comedian and his wife Ann came to the decision together and the breakup will be amicable. It did not offer further details, other than to say the pair would remain business partners in a ... (Source: New Orleans Times-Picayune 2010-09-28T13:42:31Z)

Travelzoo reports $10 a night at all-inclusive Dominican resort

From Travelzoo today: "CheapCaribbean.com just slashed prices at an all-inclusive Dominican Republic resort to $10 per person, per night. At 90% off, this is the lowest rate we've ever seen for an offer that includes all meals, beverages and entertainm ... (Source: Palm Beach Post (blog) 2010-09-30T17:29:13Z)

Japan's PM rejects China's repeated demands for apology over boat captain's arrest

BEIJING – BEIJING (AP) — Japanese Prime Minister Naoto Kan on Sunday rejected China's repeated demand that Tokyo apologize and offer compensation for the arrest of a Chinese boat captain whose detention caused relations between the Asian neighbors to ... (Source: FOX News 2010-09-26T08:58:34Z)

Foster's may disappoint hopes for wine sale

The Australian brewing firm said on Sept. 7 that it rejected an approach for the unit, which media reports had tied to U.S. private-equity firm Cerberus Capital. Other suitors for the unit could include Kohlberg Kravis Roberts and TPG, which have been ... (Source: Marketwatch 2010-09-22T03:55:30Z)

Dollar Thrifty shareholders reject Hertz deal, means Avis offer still a possibility

CHICAGO (AP) — Dollar Thrifty Automotive Group shareholders have rejected a buyout offer from Hertz, giving an opening for rival bidder Avis Budget Group's offer for the car rental company. Hertz Global Holdings Inc. shares fell $1.12, or 9.7 percent, to ... (Source: Los Angeles Times 2010-09-30T19:38:04Z)

Deals of the Hour / October 1, 2010, 9:42 pm

Hon Hai Falls Most in 4 Weeks After Convertibles Sale

(Adds equity analyst comment in third paragraph.) Oct. 1 (Bloomberg) -- Hon Hai Precision Industry Co., the world's largest contract manufacturer of electronics, fell the most in four weeks after selling $1 billion of unsecured bonds which can be ... (Source: BusinessWeek 2010-10-01T05:32:12Z)

BP Plc Stock Rising, Dividend Could Return

BP Plc (NYSE:BP) stock has been rising this week, and news that the company might re-instate its dividend in 2011 is welcome to long-suffering investors. BP Plc (LON:BP) is expected to return to paying a dividend in 2011, the Wall Street Journal reported ... (Source: Times of the Internet 2010-10-01T13:46:07Z)

Dell bets China will remain fast-growing market for personal computers

SEATTLE — Dell Inc. is making a $100 billion bet that China will remain one of the fastest-growing markets for personal computers over the next decade. Dell said Thursday it plans to open a manufacturing, sales and service center in Chengdu in 2011 that ... (Source: Lubbock Avalanche-Journal 2010-09-20T05:09:27Z)

Blackhawks deal Pens their first defeat of preseason

CHICAGO The "Madhouse on Madison" played host to the past two Stanley Cup champions on Friday night. Advantage: reigning champs. Second-period goals by right wings Fernando Pisani and Patrick Sharp helped the Chicago Blackhawks hand the Penguins their ... (Source: Pittsburgh Tribune-Review 2010-10-02T03:00:42Z)

PMA Capital bought by Chicago insurer

Old Republic International Corp. completed its purchase of PMA Capital Corp., Blue Bell, in an all-stock deal, the companies said today. The price was about $240 million, based on Old Republic's current stock price and the number of shares PMA had ... (Source: Philadelphia Daily News 2010-10-01T16:09:17Z)

PMA Capital shareholders OK sale to Old Republic

BLUE BELL, Pa. - PMA Capital Corp. said Tuesday its shareholders have approved insurer Old Republic International Corp.'s bid for PMA. The shareholder vote clears the way for the $228 million, all-stock transaction to close Oct. 1 as planned. Under the ... (Source: CNBC 2010-09-21T22:33:23Z)

Venezuela gives BP approval to discuss assets sale

CARACAS (Reuters) - Venezuela has granted BP (LSE: BP.L - News ; NYSE: BP - News ) permission to negotiate the sale of its assets in the South American OPEC member, Venezuelan Oil Minister Rafael Ramirez said on Sunday. Last month, he said BP would need ... (Source: Yahoo Finance 2010-09-26T13:59:13Z)

AIG, U.S. Agree on an Exit Deal; Making It Work Will Be Tougher

The U.S. government will sell off its stake in American International Group Inc., under a plan that could end the controversial bailout sooner than many thought but that remains fraught with risk. Analysts cautioned that executing the plan, which will ... (Source: Wall Street Journal 2010-10-01T02:26:05Z)

Dell Makes $100 Billion Bet on China

Dell Inc. is making a $100 billion bet that China will remain one of the fastest-growing markets for personal computers over the next decade. Dell said Thursday it plans to open a manufacturing, sales and service center in Chengdu in 2011 that could ... (Source: Enterprise Security Today 2010-09-19T23:54:30Z)

Treasury announces start of sale of $2.2 billion in trust preferred shares of Citigroup

WASHINGTON (AP) — The government said Wednesday it is starting to sell $2.2 billion in trust preferred shares that it holds in Citigroup , another move to recoup the costs incurred in the $700 billion financial bailout. The Treasury Department said the ... (Source: Los Angeles Times 2010-09-29T18:13:21Z)

Hossa, Blackhawks down Penguins

Chicago, IL (Sports Network) - Marian Hossa scored two goals and Corey Crawford made 26 saves, as the Chicago Blackhawks defeated the Pittsburgh Penguins, 5-2, in preseason action from the United Center. Patrick Sharp, Patrick Kane and Fernando Pisani also ... (Source: KSDK 2010-10-02T03:50:48Z)

Aviation among three programs to close at St. Cloud State University

Earlier this week, university president Earl H. Potter III announced his decision to close the bachelor degree programs in aviation and general biology and the masters degree program in geography. In a letter to campus colleagues, Potter wrote: "The ... (Source: Marketplace.publicradio.org 2010-09-29T23:56:57Z)

AIG reaches deal to repay billions to taxpayers

NEW YORK — AIG, which became a lightning rod for criticism over government bailouts, said it reached a deal to repay billions of dollars it received during the credit crisis. The plan announced today could return a profit to taxpayers who footed the bill ... (Source: Oregonian 2010-09-30T15:41:51Z)

SCSU targets aviation program for closure

ST. CLOUD, Minn. -- St. Cloud State University is moving closer to eliminating its aviation program as the school deals with state budget cuts. The school said Tuesday that aviation is among three programs identified for closure. The other two are the ... (Source: msnbc.com 2010-09-29T20:43:41Z)

US Treasury announces start of sales of $2.2 billion in trust preferred shares of Citigroup

WASHINGTON (AP) - The U.S. government says it is starting to sell off $2.2 billion in trust preferred shares it holds in Citigroup, another move to recoup the costs incurred in the $700 billion financial bailout. The Treasury Department says it will start ... (Source: Today Online 2010-09-29T15:21:33Z)

BP to Resume Dividends

This article has been adapted from our sister site across the pond,   Fool UK . BP 's (NYSE: BP ) long, slow climb back toward respectability took another significant step on Thursday, with new chief executive Bob Dudley hinting that the company may ... (Source: Motley Fool 2010-10-01T18:46:46Z)

AIG reaches deal to repay government

New York -- AIG said today it reached a deal to repay the government billions of dollars in assistance it received during the credit crisis. The U.S. Treasury Department will swap debt it currently holds in AIG for common stock and then sell those shares ... (Source: Detroit News 2010-10-01T11:22:58Z)

Penguins Notebook: NHL holding lottery for Winter Classic tickets

Registration for the lottery to buy Winter Classic tickets has begun at www.nhl.com/winterclassictickets and will run through 11:59 a.m. Oct. 11. This is the only general-public sale for the Jan. 1 game, which will feature the Penguins and the Washington ... (Source: Pittsburgh Post-Gazette 2010-09-19T05:03:29Z)

Schwarzenegger, Calif. legislators reach budget deal

SACRAMENTO, CALIF. — Gov. Arnold Schwarzenegger and legislative leaders said they struck a comprehensive agreement after an intensive five-hour meeting tonight, signaling an end to California's record-long budget stalemate after 93 days. Virtually no ... (Source: Asbury Park Press 2010-10-02T02:53:32Z)

St. Cloud State targets aviation program for closure

St. Cloud State University is moving closer to eliminating its aviation program as the school deals with state budget cuts. The school said Tuesday that aviation is among three programs identified for closure. The other two are the bachelor's in general ... (Source: Pioneer Press 2010-09-29T12:29:45Z)

Treasury announces sale of Citigroup shares

WASHINGTON -- The government said Wednesday it is starting to sell $2.2 billion in trust preferred shares that it holds in Citigroup , another move to recoup the costs incurred in the $700 billion financial bailout. The Treasury Department said the pace of ... (Source: Forbes 2010-09-29T14:31:27Z)

Pens fall to Blackhawks

CHICAGO — Marian Hossa scored two goals and Corey Crawford stopped 26 shots to lead the Chicago Blackhawks to a 5-2 preseason win over the Pittsburgh Penguins on Friday night. Fernando Pisani, Patrick Sharp and Patrick Kane also scored for Chicago (2-4-0 ... (Source: Tribune-Democrat 2010-10-02T03:50:48Z)

Calif. gov, legislative leaders reach budget deal

Gov. Arnold Schwarzenegger and legislative leaders said they struck a comprehensive agreement after an intensive five-hour meeting Friday night, signaling an end to California's record-long budget stalemate after 93 days. Virtually no details were released ... (Source: AP - msnbc.com 2010-10-02T03:07:51Z)

Avis Shakes Up Hertz-Dollar Thrifty Deal

Not taking "non-negotiable and final" for an answer, Avis strikes back in rental car bidding war. The offer comes a few weeks after Dollar Thrifty and Hertz announced they had agreed on a deal worth $1.4 billion, or $50 per share, at the time was believed ... (Source: Forbes 2010-09-23T17:23:12Z)

Old Republic completes purchase of PMA Capital

PMA Capital Corp. said Friday its sale to fellow insurer Old Republic International Corp. for $365 million has been completed. The deal, announced June 10, includes $228 million in stock and the assumption of $137 million of debt by Chicago-based Old ... (Source: Philadelphia Business Journal 2010-10-01T15:26:20Z)

Dollar Thrifty shareholders reject Hertz deal; Avis offer could still be in play

THE VOTE: Dollar Thrifty shareholders rejected a buyout offer from Hertz, with 11.8 million votes for the deal and 13.8 million against. THE OFFERS: Hertz was offering $43.60 in cash and 0.6366 shares of common stock of Hertz, for each share of Dollar ... (Source: Los Angeles Times 2010-09-30T20:42:29Z)

Dollar Thrifty shareholders reject Hertz deal, means Avis offer still a possibility

CHICAGO (AP) — Dollar Thrifty Automotive Group shareholders have rejected a buyout offer from Hertz, giving an opening for rival bidder Avis Budget Group's offer for the car rental company. Hertz Global Holdings Inc. shares fell $1.12, or 9.7 percent, to ... (Source: Los Angeles Times 2010-09-30T19:38:04Z)

Kovalchuk mess truly a deal with the devil

The NHL made clear its disdain for New Jersey's attempt to circumvent the CBA with its initial offer to coveted free agent winger Ilya Kovalchuk . Yep, a $3 million fine has a way of capturing attention, not to mention the first-round pick the Devils ... (Source: Boston Globe 2010-09-19T05:24:58Z)

Calif. Leaders Reach Budget Deal

SACRAMENTO, Calif. -- Gov. Arnold Schwarzenegger and legislative leaders said they struck a comprehensive agreement after an intensive five-hour meeting Friday night, signaling an end to California's record-long budget stalemate after 93 days. No details ... (Source: ClickOnDetroit.com 2010-10-02T04:12:17Z)

NHL Divisional Preview: Atlantic

It was a long but productive summer for the Devils. The team won the favour of Ilya Kovalchuk — but getting the NHL's approval was a much longer wait. The cap hit may average out to $6.66 million US a season (an ominous sign indeed) over the 15-year pact ... (Source: CBC Olympics 2010-10-01T14:57:42Z)

Deals of the Hour / October 1, 2010, 8:43 pm

Bin Laden named in terror plot

U.S. counterterrorism officials say they believe that senior al-Qaida leaders, including Osama bin Laden, are involved in the latest terror plot against European cities. The multipronged scope of the emerging plan — which aimed to launch coordinated ... (Source: St. Petersburg Times 2010-10-02T03:00:42Z)

Mich. mom accused of faking son's cancer arraigned

An unemployed Detroit-area mother accused of drugging and shaving her healthy 12-year-old son so he appeared to have cancer, then accepting thousands of dollars in donations for his treatment, was arraigned Friday on charges of fraud and child abuse. A ... (Source: AP - msnbc.com 2010-10-01T20:41:18Z)

Stocks close higher after manufacturing data

Signs of slowing growth in manufacturing kept investors' enthusiasm in check Friday as the final quarter of the year got under way. Shares of big manufacturing companies like Boeing Co., General Electric Co. and 3M Co. rose Friday after the Institute for ... (Source: AP - msnbc.com 2010-10-01T21:31:25Z)

Indictment in Jaycee Dugard case: 18 counts for each of Garridos

PLACERVILLE -- A grand jury has indicted the couple accused of kidnapping and raping Jaycee Dugard, who was held for 18 years in California, officials said Friday. Phillip and Nancy Garrido were each indicted on 18 counts plus multiple special allegations ... (Source: San Jose Mercury News 2010-10-01T22:43:00Z)

Jaycee Dugard's Abductors Indicted By Grand Jury

Phillip and Nancy Garrido , the couple accused of kidnapping and raping Jaycee Dugard , have been indicted by an El Dorado County grand jury on 18 charges plus multiple special allegations on Friday. The indictment charges the couple with three counts of ... (Source: Radar Online.com 2010-10-02T02:39:13Z)

Hovensa refinery says FCC unit down on Thursday

NEW YORK Oct 1 (Reuters) - Hovensa LLC said Friday the 150,000 barrel per day gasoline-making fluid catalytic cracking unit went offline on Thursday after an incident at its 500,000 bpd St. Croix refinery in the U.S. Virgin Islands. On Thursday, the ... (Source: Reuters 2010-10-01T13:31:48Z)

NFL News Week 3: Jake Delhomme, Cleveland Browns

Tony Grossi of the Cleveland Plain-Dealer reported today that Jake Delhomme has a high ankle sprain, which contradicts coach Eric Mangini saying he was optimistic about Delhomme's chances of playing this week against Baltimore. The report says that ... (Source: Bleacherreport.com 2010-09-23T16:11:37Z)

Dell bets China will remain fast-growing market for personal computers

SEATTLE — Dell Inc. is making a $100 billion bet that China will remain one of the fastest-growing markets for personal computers over the next decade. Dell said Thursday it plans to open a manufacturing, sales and service center in Chengdu in 2011 that ... (Source: Lubbock Avalanche-Journal 2010-09-20T05:09:27Z)

Jake Delhomme's status unknown

CLEVELAND -- Cleveland Browns quarterback Jake Delhomme is practicing for the second straight day, but it's still not certain if he'll play Sunday against Cincinnati. Delhomme has been sidelined since spraining his right ankle during Cleveland's season ... (Source: ESPN.com 2010-10-01T16:37:55Z)

Hon Hai Falls Most in 4 Weeks After Convertibles Sale

(Adds equity analyst comment in third paragraph.) Oct. 1 (Bloomberg) -- Hon Hai Precision Industry Co., the world's largest contract manufacturer of electronics, fell the most in four weeks after selling $1 billion of unsecured bonds which can be ... (Source: BusinessWeek 2010-10-01T05:32:12Z)

GLOBAL MARKETS-Dollar slumps, stocks up on Fed speculation

NEW YORK, Oct 1 (Reuters) - The dollar hit a six-month low versus the euro but global stocks edged higher on Friday after Federal Reserve officials said more must be done to lift the slow-growing U.S. economy. Crude oil jumped on strong Chinese ... (Source: Reuters 2010-10-01T21:52:53Z)

Orioles beat Tigers in twinbill opener (AP)

Chris Tillman ended his up-and-down season on a decidedly high note. Tillman pitched seven innings of three-hit ball, Adam Jones drove in four runs, and the Baltimore Orioles beat the Detroit Tigers 10-6 on Friday in the opener of a doubleheader. Tillman ... (Source: Bayou Buzz 2010-10-02T02:03:26Z)

Himax Technologies CFO resigns, acting CFO named

Semiconductor company Himax Technologies Inc. said Friday that Chief Financial Officer Max Chan resigned effective immediately to pursue a career opportunity with a private biotech company. The board has begun the process of searching for a replacement CFO ... (Source: AP - msnbc.com 2010-10-01T13:53:17Z)

Hovensa refinery says FCC restarted at lower rate

NEW YORK Oct 1 (Reuters) - Hovensa LLC's 145,000 barrel per day gasoline-making fluid catalytic cracking unit at its 500,000 bpd refinery in St. Croix, U.S. Virgin Islands has restarted and is expected to be back on line later Friday, a company spokesman ... (Source: Reuters 2010-10-01T14:21:55Z)

Dollar Thrifty shareholders reject Hertz deal; Avis offer could still be in play

THE VOTE: Dollar Thrifty shareholders rejected a buyout offer from Hertz, with 11.8 million votes for the deal and 13.8 million against. THE OFFERS: Hertz was offering $43.60 in cash and 0.6366 shares of common stock of Hertz, for each share of Dollar ... (Source: Los Angeles Times 2010-09-30T20:42:29Z)

Foxconn to raise wages again at China plant

BEIJING Oct 1 (Reuters) - Electronics maker Foxconn Technologies ( 2038.HK ), under fire for its working practices after a string of worker suicides, has decided to up salaries by two-thirds at its Shenzhen factory, state media said on Friday. News agency ... (Source: Reuters 2010-10-01T08:02:32Z)

Grand jury indicts accused California kidnappers

PLACERVILLE, Calif.—A grand jury has indicted the couple accused of kidnapping and raping Jaycee Dugard, who was held for 18 years in California, officials said Friday. Phillip and Nancy Garrido were indicted on 19 counts each in a process that will ... (Source: Denver Post 2010-10-01T21:24:15Z)

Manufacturing news buoys stocks

NEW YORK - Signs of moderating growth in manufacturing kept investors' enthusiasm in check Friday. The Dow Jones industrial average rose 42 points after the Institute for Supply Management said manufacturing activity was still expanding at U.S. factories ... (Source: AZCentral.com 2010-10-02T02:32:04Z)

Mom Arraigned After Faking Son's Cancer

(ROSEVILLE, Mich.) — An unemployed Detroit-area mother accused of drugging and shaving her healthy 12-year-old son so he appeared to have cancer, then accepting thousands of dollars in donations for his treatment, was arraigned Friday on charges of fraud ... (Source: Time 2010-10-01T18:39:37Z)

Problem at Hovensa oil refinery in Virgin Islands triggers oil burnoff, EPA to investigate

CHARLOTTE AMALIE, U.S. Virgin Islands (AP) — A problem at the Hovensa LLC oil refinery triggered a burnoff of heavy oil Thursday that sent up a plume of black smoke, a spokesman said. Oil was diverted from one of the refinery's processing units to a ... (Source: Los Angeles Times 2010-09-30T22:29:52Z)

Mexico picks 11 from boycotting players

MEXICO CITY -- Mexican soccer's governing body selected 11 players for an Oct. 12 exhibition Venezuela despite a boycott by the group over discipline. The 11 players were fined by the Mexican Football Federation for breaches of discipline during a party ... (Source: ESPN.com 2010-10-02T01:13:19Z)

Mexico pick boycott rebels for Venezuela game

MEXICO CITY, Oct 1 (Reuters) - Mexico have named 11 players in a squad for a friendly against Venezuela despite their threat of a boycott over sanctions for a recent unauthorised party. The squad of 20 named on Friday included all 11 fined 50,000 pesos ($ ... (Source: The Guardian 2010-10-02T00:16:03Z)

Cleveland Browns quarterback Jake Delhomme idle today, might practice Thursday or Friday

Browns quarterback Jake Delhomme (ankle) will sit out practice today, but coach Eric Mangini said he might be back in practice Thursday or Friday. It's not yet known if Seneca Wallace will start Sunday against the Bengals. (Source: NFL 2010-09-30T05:11:55Z)

Himax Technologies CFO Max Chan resigns to take position with biotech company

NEW YORK — Semiconductor company Himax Technologies Inc. said Friday that Chief Financial Officer Max Chan resigned effective immediately to pursue a career opportunity with a private biotech company. The board has begun the process of searching for a ... (Source: Washington Examiner 2010-10-01T14:00:26Z)

Himax Technologies CFO Max Chan Resigns - Quick Facts

(RTTNews) - Friday, semiconductor company Himax Technologies Inc.(HIMX: News ) said that its Chief Financial Officer Max Chan has resigned, effective immediately, to pursue a career opportunity with a private bio-tech company. The Board has begun the ... (Source: RTT News 2010-10-01T13:17:29Z)

Soccer-Mexico pick boycott rebels for Venezuela game

Mexico have named 11 players in a squad for a friendly against Venezuela despite their threat of a boycott over sanctions for a recent unauthorised party. The squad of 20 named on Friday included all 11 fined 50,000 pesos ($3,900) for the party they held ... (Source: Yahoo! Eurosport 2010-10-02T00:59:00Z)

Avis Shakes Up Hertz-Dollar Thrifty Deal

Not taking "non-negotiable and final" for an answer, Avis strikes back in rental car bidding war. The offer comes a few weeks after Dollar Thrifty and Hertz announced they had agreed on a deal worth $1.4 billion, or $50 per share, at the time was believed ... (Source: Forbes 2010-09-23T17:23:12Z)

Orioles complete doubleheader sweep of Tigers

BALTIMORE -- Jeremy Guthrie allowed two hits over eight shutout innings, Nick Markakis homered and the Baltimore Orioles beat the Detroit Tigers 2-1 Friday night for a doubleheader sweep. In the opener, Chris Tillman pitched seven innings of three-hit ball ... (Source: ESPN.com 2010-10-02T00:01:44Z)

Buck's Birds batter Bonderman, beat Tigers

BALTIMORE -- Prior to the start of Friday's doubleheader, Orioles manager Buck Showalter explained his reasoning in flipping pitchers Jeremy Guthrie and Chris Tillman: he didn't want the 22-year-old Tillman waiting around. Several hours later, Tillman ... (Source: Major League Baseball 2010-10-01T23:40:16Z)

Dollar Thrifty shareholders reject Hertz deal, means Avis offer still a possibility

CHICAGO (AP) — Dollar Thrifty Automotive Group shareholders have rejected a buyout offer from Hertz, giving an opening for rival bidder Avis Budget Group's offer for the car rental company. Hertz Global Holdings Inc. shares fell $1.12, or 9.7 percent, to ... (Source: Los Angeles Times 2010-09-30T19:38:04Z)

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