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 / June 1, 2011, 10:43 am

Republicans ask Obama to step in, lay out spending cuts

"Unfortunately what we did not hear from the president is a specific plan of his to deal with the debt crisis," Rep. Jeb Hensarling, R-Texas, told reporters outside the White House. Twenty yards away, the full House Republican Conference was filing out of ... (Source: Washington Examiner 2011-06-01T17:11:51Z)

Alpha Bid For Massey Goes To A Vote Per Court

The latest obstacle in Alpha Natural Resources (ANR) bid to acquire Massey Energy (MEE) has been cleared, and an investor vote on the deal is expected to happen today. Late yesterday, a Delaware court rejected a petition by Massey shareholders to block a ... (Source: Forbes 2011-06-01T17:26:10Z)

Afghan civil unrest threatening peace effort

Minorities already worry that President Hamid Karzai, a Pashtun, will make too many concessions to their Taliban enemies to shore up his Pashtun base and craft a peace deal to end the war. Whatever support for peace talks that Karzai has won from minority ... (Source: St. Louis Post-Dispatch 2011-06-01T17:04:42Z)

Give Dad the Father's Day He Deserves with Cool and Innovative Smartphones and Tablets from Sprint

3 The Sprint Simply Everything Plan offers more value and simplicity than most other wireless carriers because it is the only plan from a national carrier to offer truly unlimited service while on the Sprint network for every phone without the worry of ... (Source: StreetInsider.com 2011-06-01T17:11:51Z)

Construction spending rose in April

Spending on state and local projects fell 1.9 percent to $252.8 billion. Activity at this level is at the lowest point since December 2006. State and local governments have been cutting back on building projects as they deal with large budget deficits. (Source: Fox11online.com 2011-06-01T17:04:42Z)

Among 'Snakebitten Six' no team has had worse luck than Twins

it's hard to imagine Frank McCourt swinging big deals since he is struggling just to meet bi-weekly payroll. If the Dodgers are limited to keeping one, the guess here is that they'd have a better chance with Kemp. Colletti did do a multiyear deal with Kemp ... (Source: CNN Sports Illustrated 2011-06-01T17:11:51Z)

Twins want Mauer back - at catcher

"Joe's a catcher; he's coming back as a catcher," Gardenhire said. "He signed as a catcher; he signed an eight-year deal to catch in the big leagues for the Minnesota Twins. So we're trying to get him back as a catcher." When will that be? No one seems to know. (Source: Pioneer Press 2011-06-01T17:19:01Z)

LightSquared near $2 billion a year Sprint deal: sources

NEW YORK (Reuters) - Sprint Nextel Corp is close to completing a $2 billion-a-year network sharing agreement with hedge fund billionaire Phil Falcone's LightSquared telecommunications venture, sources familiar with the matter said on Wednesday. Under the ... (Source: Baltimore Sun 2011-06-01T16:57:32Z)

Belarus appeals to IMF for $8bln rescue loan

Prime Minister Mikhail Myasnikovich said the country is counting on striking a low-interest loan deal of anywhere between $3.5 billion and $8 billion. Analysts say at least $9 billion is needed to get the economy back on track. "This is an SOS signal from ... (Source: St. Louis Post-Dispatch 2011-06-01T17:04:42Z)

Arctic Cat Launches E-Commerce Website for U.S. Market

Home page for Arctic Cat's online store. (Photo: Arctic Cat) "We are excited to offer consumers the speed and convenience of our new online store, which will provide access to Arctic Cat's products and product information at any time," said Mary ... (Source: StreetInsider.com 2011-06-01T17:11:51Z)

Polycom to buy HP videoconferencing unit for $89 million

In recent quarters, Polycom has collaborated with companies like Microsoft (NasdaqGS: MSFT - News ) and IBM (NYSE: IBM - News ) to offer products that fuse video ... LOGN.VX - News ). The deal with HP will allow Polycom to expand its services into the ... (Source: Yahoo Finance 2011-06-01T16:57:32Z)

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