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 / May 31, 2011, 4:47 pm

Jobs to launch Apple cloud media service

Apple has deals with three big record labels, and is close to a deal with the fourth, Universal Music. Music publishers are expected to agree terms this week. The new online music service is expected to be the centerpiece of the Apple's efforts to build ... (Source: Financial Times 2011-05-31T23:18:07Z)

PRESS RELEASE: NEON Settles Legal Dispute with IBM

Pursuant to the terms of a permanent injunction, NEON and its distribution partners and affiliates will no longer market, sell, license (including any renewal or extension of any existing license), install, distribute, export, import, offer to sell ... (Source: FOXBusiness 2011-05-31T22:56:38Z)

Morgan Stanley Invests $50 Million in Short-Sale Mark Yongye

Editors: Joanna Ossinger, Michael Regan To contact the reporter on this story: Nikolaj Gammeltoft in New York at ngammeltoft@bloomberg.net To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net (Source: BusinessWeek 2011-05-31T22:42:19Z)

Apple's Jobs to Unveil ICloud, New Software

Apple, the world's most valuable technology company, has reached agreements with three major record labels to let users of its new music service access their song collections from handheld devices via the Internet, people with knowledge of the deals said ... (Source: Bloomberg 2011-05-31T23:18:07Z)

iOS 5 Rumors: What New Features Will Apple Announce At WWDC 2011?

iOS 5 may also offer over-the-air upgrades , which will allow users to update their devices without connecting to a computer. 9to5Mac explains how this might work: "Updates are now over 600MB. Apple would have to make these smaller to get the carriers to ... (Source: Huffingtonpost.com 2011-05-31T23:25:16Z)

IBM's longtime liaison to Vermont Legislature retires

O'Kane voiced IBM's opposition to the recently passed health care reform , saying it would result in double taxation for IBM and other businesses that offer health benefits to their employees. For the first 30 years of his career with IBM, O'Kane ... (Source: Burlington Free Press 2011-05-31T23:03:48Z)

Exclusive: Lee County sheriff's promotions stir debate

One of his cost-cutting measures is a buyout offer 50 employees opted to take. Though sheriff's office's staff has not estimated savings, the move could save the agency $2 million, if none of the positions is filled. (Source: News-Press 2011-05-31T22:56:38Z)

Planned GP consortia could lead to chaos – and top-down diktats

Nick Clegg, the Liberal Democrat leader ... of private-sector executives last October that the reforms would show "no mercy" to the NHS and offer a "big opportunity to the private sector". The Liberal Democrats, smarting from their rout in the local ... (Source: The Independent 2011-05-31T22:42:19Z)

Trash Talk: Mavs, Heat Fuel Fire Between Cities

We keep bug spray in the 305 for such pests. Hopefully, Mark Cuban wears a shirt that isn't so tight this NBA Finals. If not, we offer plenty of fashion options on South Beach. We've got a LeBron Hater Snuggie with his name on it. What's Cuban's size? (Source: NBC Dallas-Fort Worth 2011-05-31T22:42:19Z)

Abilene Reporter-News: Morning state, national, international headlines, May 31

VIRTUAL DISSECTIONS — A Southern California high school is taking the scalpel to frog dissections in biology class as it becomes the first U.S. school to take up animal welfare supporters' offer of free anatomy software. BOX OFFICE — "The Hangover ... (Source: Abilene Reporter-News 2011-05-31T22:56:38Z)

James Lawton: Farewell glorious Scholes. But isn't it time for Giggs to bow out as well?

Sir Alex Ferguson "We are going to miss a truly unbelievable player." Sir Bobby Charlton "He's always so in control and pinpoint accurate with his passing – a beautiful player to watch." Paul Scholes was sent off 10 times during his career, with nine red ... (Source: The Independent 2011-05-31T22:42:19Z)

Deals of the day -- mergers and acquisitions

(For Reuters columns on deals, click on ) ** Chemicals maker Ashland Inc , known for its Valvoline motor oil, plans to buy privately owned International Specialty Products for about $3.2 billion as it eyes more sales from the high-margin personal care ... (Source: Reuters 2011-05-31T13:45:27Z)

Nokia Reduces Devices, Services Forecast; Shares Slump 13%

The unit's non-IFRS operating margin will fall short of the 6 percent to 9 percent range, it said. "They are forced to discount a lot," Lee Simpson, an analyst at Jefferies International Ltd. in London with a "sell" rating on the share ... (Source: BusinessWeek 2011-05-31T12:55:21Z)

South African President: Qaddafi Ready for Truce

Rebels quickly rejected the offer. South African President Jacob Zuma said Qaddafi is ready to accept an African Union initiative for a cease-fire that would stop all hostilities, including NATO airstrikes in support of rebel forces. "He is ready to ... (Source: FOX News 2011-05-31T11:43:46Z)

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