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 22, 2011, 6:45 pm

Austerity Is Good

He isn't buying it any more, if he ever did. So, senior politicians and their finance ministers are going through the motions of driving a hard bargain. If they were serious, they would tell the Greek government that there will be no further bailouts ... (Source: Lewrockwell.com 2011-06-22T03:53:52Z)

Fed cuts growth forecast; no hint of more support

Prices for U.S. government bonds were nearly flat and the dollar edged up against the euro. "There are no hints of further easing from the Fed," said Nick Bennenbroek, head of Group of 20 forex strategy at Wells Fargo in New York. "The statement overall ... (Source: Reuters 2011-06-23T01:22:21Z)

Heiress Leaves $34M to Nurse in Will

The bulk of the rest of Clark's massive fortune -- an estimated $275 million -- was left to establish an arts foundation, the Bellosguardo Foundation, on her huge 24-acre estate in Santa Barbara, Calif. Clarke hadn't visited the estate in 50 years. (Source: myfoxny.com 2011-06-23T00:46:33Z)

Best Buy to downsize brick-and-mortar footprint

When it comes to retailing, big is not so beautiful anymore. Weak sales, online competition and changing consumer habits have big-box chains looking to downsize. Best Buy Co. is the latest merchant shedding space, in an initiative that stands out in both ... (Source: Los Angeles Times 2011-06-23T00:39:24Z)

Art collector Huguette Clark leaves prime Monet to Corcoran but sets up museum in Santa Barbara

But she specified that her other paintings and artifacts be shown at her $100-million, 24-acre estate in Santa Barbara, soon to be a museum. The museum will be called, like her estate, Bellosguardo, meaning "beautiful view." For more on Huguette Clark's ... (Source: Los Angeles Times 2011-06-23T00:10:46Z)

The Plague of Greek Debt Punishes Banks

With a current stock price of $40.48, JP Morgan is trading at a significant discount to its 52-week high of $48.36 reached on February 16, and below both its 50- and 200-day moving averages. JPM has $70B in global derivative liabilities through credit ... (Source: Seekingalpha.com 2011-06-22T11:24:50Z)

Montana mining heiress leaves NY fortune to arts

Artworks by Renoir, John Singer Sargent and other greats that graced Clark's New York home will be moved to her 24-acre oceanfront estate in Santa Barbara ... which means "beautiful view" in Italian. It's where she spent her youth, but has not been ... (Source: Salon 2011-06-23T01:36:40Z)

UK charges teen with cybercrimes

British police filed charges Wednesday against a teenager suspected of involvement in cyberattacks on the CIA website. Ryan Cleary, 19, has been charged with five offenses under the Computer Misuse Act, police said. One of the charges relates to bringing ... (Source: Santa Maria Times 2011-06-23T00:39:24Z)

Markets Surge as Fear of a Greek Default Eases

"There is increased optimism that one, the prime minister will survive the confidence motion tonight and two, that will pave the way for austerity measures to be passed," said Nick Stamenkovic, a strategist at RIA Capital Markets in London. "As a ... (Source: New York Times 2011-06-22T16:11:10Z)

Frontier Orders 80 Airbus Jets After Bombardier CSeries Deal

Airlines typically buy at a discount. Republic fell 17 cents, or 3.7 percent, to $4.41 at 10:13 a.m. New York time in Nasdaq Stock Market composite trading. Bombardier slid 28 cents, or 4 percent, to C$6.75 in Toronto. It dropped as much as 4.4 percent ... (Source: Bloomberg 2011-06-22T14:45:16Z)

Prosecutors Raise Possibility Casey Anthony Stole Accidental Drowning Defense From Jailmate

In Whalen's case, her son Isaiah was found Christmas Day 2007 by his grandfather at the bottom of a dirty pool that was dark green with large amounts of tree debris floating in it, according to the incident report. Attempts by the grandfather to perform ... (Source: FOX News 2011-06-22T09:51:46Z)

Internet hackers exhort others to join the 'AntiSec' movement

Seeking to fully expose all corruption and dark secrets, the two have released an Internet message that begins, "Salutations Lulz Lizards!" "As we're aware, the government and white-hat security terrorists across the world continue to dominate and control ... (Source: Catholic Online 2011-06-22T06:02:42Z)

Report: Amazon Tablet to Hit in August/Sept.

Sadly, other than a ball-park release period, these Taiwanese sources shared nothing in the way of specs, so everything is still dark on that front. We also still don't know what Amazon's vision for this device is. Last month, Amazon Chief Jeff Bezos spoke ... (Source: Tom's Guide 2011-06-23T01:08:02Z)

Airbus-Boeing Duopoly Holds Narrow-Body Startups at Bay at Paris Air Show

Commercial Aircraft Corp. of China's C919 may be most likely to mount a challenge after enlisting Ryanair Holdings Plc (RYA) as a development partner, though the Irish discount carrier is also in talks with Boeing, and analysts said a deal for the Comac ... (Source: Bloomberg 2011-06-23T00:17:55Z)

Wal-Mart's Authoritarian Culture

To these men and women, the burgeoning chain of discount stores founded by Sam Walton was a godsend ... Nelson Lichtenstein, a professor of history at the University of California, Santa Barbara, is the author of "The Retail Revolution: How Wal-Mart ... (Source: New York Times 2011-06-23T00:39:24Z)

Forex: A relieved USD climbs further up

According to Nick Nasad, Fundamental Analyst at FXTimes.com, the main takeaway from the FOMC yesterday was the increased attention on inflation both in headline and core, which according to the expert means that the Fed may have to take a slightly more ... (Source: FXStreet.com 2011-06-23T01:29:30Z)

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