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Deals of the Hour / June 21, 2011, 2:43 pm

U.S. Stocks Advance as Greece Concern Eases

"With each passing day, we know more and more about the situation in Greece and we approach a deal," said Jacques Porta, a Paris-based fund manager at Ofi Patrimoine, who helps oversee about $425 million in stocks. "With each step, there is a sense of relief. (Source: Bloomberg 2011-06-21T13:56:20Z)

Cavaliers and Wizards swapping draft picks?

6 and 18 for the No. 4 pick. The caveat? Enes Kanter has to be there at No. 4 for the Wizards. If he's not, there's no deal. The Cavs, for their part, would take Valanciunas at No. 6 and add a third asset at No. 18. Jordan Hamilton and Marshon Brooks are ... (Source: ESPN.com 2011-06-21T21:20:09Z)

Wall Street rises amid optimism about Greece

Their deal expires at the end of the year. Express Scripts fell 2.7 percent in pre-market trading. Best Buy Co. rose 4 percent in pre-market trading after it increased its quarterly dividend by 7 percent to 16 cents per share. The electronics retailer also ... (Source: msnbc.com 2011-06-21T13:20:33Z)

What a waste, Nokia launches hot, MeeGo smartphone

"Earlier this year, we outlined a comprehensive strategy to change our course",  Stephen Elop, Nokia CEO, says in a statement -- alluding to the Microsoft distribution deal. "Innovation is at the heart of our strategy, and today we took important steps to ... (Source: Beta News 2011-06-21T14:32:08Z)

Nokia Unveils N9 Smartphone

The project has faced setbacks, including Nokia's deal with Microsoft Corp., although the Finnish firm had said it would launch a MeeGo device in 2011. In February, Nokia signed a partnership with Microsoft to use the US firm's Windows Phone software as ... (Source: FOX News 2011-06-21T14:32:08Z)

NFL Commissioner Roger Goodell insists owner consensus not the goal in Chicago

Goodell sidestepped a question about whether he felt the owners had given him the authority to make a deal on lines already sketched out between owners and players in negotiations that have picked up pace and reportedly improved in tone in recent weeks. (Source: New Orleans Times-Picayune 2011-06-21T21:13:00Z)

Greece Takes the Eurozone's Future to the Brink

Even basic financial transactions like simple loans and mortgages would have to be re-organised, never mind multi-billion-euro international business deals. It could become an international legal minefield, taking years if not decades to resolve in the courts. (Source: Common Dreams 2011-06-21T13:20:33Z)

Stocks rise for fourth straight day on Greek hopes

Their deal, worth $5.3 billion in revenue this fiscal year, expires at the end of 2011. Express Scripts fell 1.4 percent. Best Buy Co. rose 2 percent after increasing its dividend by 7 percent. The electronics retailer also approved a program to buy back ... (Source: Yahoo Finance 2011-06-21T15:15:05Z)

Chile ash cloud: Canceled flights in Australia strand thousands; service may resume Wednesday

Virgin Australia , JetStar and Qantas airlines Tuesday canceled hundreds of flights in and out of Sydney, Melbourne, Adelaide and Canberra due to the volcanic ash cloud from Chile , which has circled the globe and swirled into airspace in southeastern ... (Source: Los Angeles Times 2011-06-21T21:20:09Z)

Shell buys 254 British gas stations for $400M

The company said the deal will boost its presence in a lucrative market and bring "competitively priced" Shell-branded gas to British customers. The move marks an exception to Shell's recent series of sales of non-production businesses, but the company ... (Source: AP - msnbc.com 2011-06-21T21:34:28Z)

Noki N9 MeeGo Smartphone Unveiled: Will It Survive New Windows Phone Launch? (VIDEO)

"It will take a lot of cooperation between Microsoft and Nokia to do it and with this kind of business deal we only have a 50-50 percent (chance) to begin with." Nokia also said it plans to launch up to 10 new smartphones using its own Symbian operating system. (Source: Huffingtonpost.com 2011-06-21T21:20:09Z)

AP source: NFL owners, players to meet again

That injunction is on hold, and a ruling could come anytime. "This is the season to get a deal," Indianapolis Colts owner Jim Irsay said Tuesday before entering the conference room where representatives from all 32 teams were being updated by Commissioner ... (Source: Salon 2011-06-21T21:13:00Z)

Amazon offers $100 credit today only with Xbox 360 4GB Kinect bundle

A look at today's Amazon Gold Box Deal of the Day may have you confused at first glance. The deal offers up the Xbox 360 4GB Kinect Bundle for $299.98. You might be saying, "but that's only one cent less than the normal price for the bundle," and ... (Source: Geek.Com 2011-06-21T21:05:50Z)

Gabrielle Giffords Has Memoir Deal, Mark Kelly Retires From NASA

For the book deal, Kelly and Giffords were represented by Washington attorney Robert Barnett, whose clients include President Obama and Secretary of State Hillary Rodham Clinton. The memoir will be edited at Scribner by executive vice president and ... (Source: WUSA 2011-06-21T21:27:19Z)

Giffords and Husband to Write Memoir

Representative Gabrielle Giffords of Arizona and her husband, the astronaut Mark E. Kelly, have made a deal to write a memoir of their lives together, their publisher said on Tuesday. The book will be an account of their courtship, Ms. Giffords's ... (Source: New York Times Blogs 2011-06-21T21:13:00Z)

Cavaliers mulling NBA draft decisions

32 and 54) and a $14.5 million trade exception, assets they may package with players or owner Dan Gilbert's cash to make deals. On Monday ... But that seems unlikely unless they can strike a deal with Minnesota, which has entertained offers but seems ... (Source: YAHOO! 2011-06-21T21:05:50Z)

Reyes Rebuffs Mets on Contract Talks

That team may want to make a deal only if Reyes agrees to a contract extension to cover future seasons. In such a situation, the team would probably want a 24-hour window from the commissioner's office to talk directly to Reyes and his agent about a long ... (Source: New York Times 2011-06-21T21:13:00Z)

Key NFL owners' meeting begins Tuesday

That's how complex — and perhaps contentious — some of the issues are. But no one is saying a deal is imminent, and several owners are known to have strong questions about proposals being discussed with the players. Each side is eager to get something ... (Source: USA Today 2011-06-21T12:44:45Z)

Greece faces vote crucial to avoid default

Euro zone officials have told Reuters the plan for the new bailout, meant to extend Greece's year-old 110-billion-euro deal and fund it into late 2014, would feature up to 60 billion euros of fresh official loans, 30 billion euros from the private sector ... (Source: YAHOO! 2011-06-21T13:13:23Z)

Giffords has memoir deal, Kelly retires from NASA

Scribner will publish the book at a date to be determined. Because of rules covering members of the House of Representatives, Giffords will not receive an advance against royalties and the deal must be cleared by the House ethics committee. Royalties ... (Source: Forbes 2011-06-21T20:58:41Z)

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