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Deals of the Hour / June 23, 2011, 12:42 am

Cavs have options, starting with Irving at No. 1

With the collective bargaining agreement set to expire June 30 and owners and players far apart on a new deal, the possibility of a lockout and a shortened or canceled 2011-12 season remains. Many of the players Wednesday were asked what they would do if ... (Source: NBC Sports 2011-06-23T07:34:35Z)

Heisey's 3 homers fuel Reds past Yankees 10-2

"It relaxes you. … One home run's a good day, let alone three." Cueto (5-2) gave up Nick Swisher's solo homer and Alex Rodriguez's single. The right-hander pitched out of a bases-loaded threat in the seventh inning, retiring Posada on a groundout to ... (Source: Courier-Journal 2011-06-23T06:51:38Z)

Official: Andre Villas-Boas appointed as new Chelsea manager

English powerhouse Chelsea has appointed former Porto coach Andre Villas-Boas as its new manager. The Portuguese tactician has signed a three-year deal with the London giants. Chelsea was in the market for a new manager ever since the departure of Carlo ... (Source: goal.com 2011-06-22T12:50:44Z)

Fun starts with Cavs' 2nd pick

The Cavs could keep Kanter for themselves or trade him to the team with the highest offer. One interested trade partner appears ... $14.5 million trade exception acquired in the LeBron James deal last summer. Tonight is the Cavs' last real opportunity ... (Source: Akron Beacon Journal 2011-06-23T07:27:25Z)

In Congress, divisions over Libya

GOP leaders also want to offer a resolution similar to the McCain-Kerry measure, but that is expected to fail in the House. The House ban, if approved by both chambers, would represent a further repudiation of President Obama 's policy and would force the ... (Source: Los Angeles Times 2011-06-22T04:22:30Z)

NBA draft preview: Cleveland Cavaliers have options

With the collective bargaining agreement set to expire June 30 and owners and players far apart on a new deal, the possibility of a lockout and a shortened or canceled 2011-12 season remains. Many of the players Wednesday were asked what they would do if ... (Source: AZCentral.com 2011-06-23T06:51:38Z)

The Best Stocks for the Rest of 2011

So below, I present five stocks that I think will continue to do well, regardless of the concerns above. The stocks are reasonably priced, offer very attractive dividends, and even give you great downside protection as some investors grow concerned about ... (Source: Motley Fool 2011-06-22T19:17:17Z)

Villas-Boas resigns from Porto

Villas-Boas is expected to sign an initial two-year deal with Chelseas, with star striker Falcao tipped to follow him. The Colombia international set a new goalscoring record for the Europa League last season, netting 17 goals in 14 games as Porto won the ... (Source: ESPN Soccernet 2011-06-22T06:31:20Z)

Coalition Calls for 'Cut, Cap, And Balance' on Capitol Hill

LL: Based on the schematics of the House, Tea Party members are not necessary to pass a debt ceiling deal. As long as GOP House Leadership ... and 1993 as reason to oppose tax-hiking budget deals. The spending cuts do not materialize, at least not as ... (Source: CNBC 2011-06-22T20:36:01Z)

Italy ceasefire call exposes NATO split on Libya

Time is now a crucial factor for both sides in the conflict, with unity in the NATO-led coalition likely to come under more strain and Gaddafi having to deal with the economic impact of international sanctions. In a sign of the increasing impact of the ... (Source: msnbc.com 2011-06-22T23:27:49Z)

Obama moves toward exit from Afghanistan

Nearly 10 years after the September 11 attacks that triggered the war, U.S. and NATO forces have been unable to deal a decisive blow to the insurgent Taliban. The Afghan government remains weak and notoriously corrupt and billions of dollars in foreign aid ... (Source: msnbc.com 2011-06-22T23:20:39Z)

New York state legislature still negotiating pivotal vote on gay marriage

Democratic Gov. Andrew Cuomo, Senate Republican leader Dean Skelos and Democratic Assembly Speaker Sheldon Silver said that while there was no deal on the religious exceptions, talks were encouraging. "We are going back and forth on language," Cuomo said late Wednesday. (Source: Deseret News 2011-06-23T07:20:16Z)

Women Knowing China Men Rule Show Mao's Half Sky Unfulfilled

A Communist Party member and head of student government for her department at Beijing Normal University, she had an offer to join the staff at a local party propaganda department upon graduation in 1999. She said no, avoiding government service in a ... (Source: Bloomberg 2011-06-23T07:20:16Z)

View: Fed Can't Save Economy, Politicians Better Work

Fortunately, other approaches could have a similar effect: For maximum impact on jobs, the government might offer a tax credit commensurate to ... If they don't reach a deal, they risk triggering immediate, sharp spending cuts and a downgrade of the ... (Source: Bloomberg 2011-06-23T06:58:47Z)

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 ... bank's policy to deal with an economy that shows ... (Source: New York Times 2011-06-22T16:11:10Z)

Asian shares soften on downbeat Fed view

In Taipei, Yageo Corp tumbled 6 per cent after the Taiwan government blocked a plan by KKR and the company's chairman to take the electronic components manufacturer private in what would have been Asia's biggest private equity deal this year. (Source: Financial Times 2011-06-23T06:58:47Z)

Obama address: Withdrawing surge troops by 2012

The administration has begun briefing NATO allies on its plans. British Prime Minister David Cameron's office confirmed that officials there have been informed but declined to offer comment, or to make any immediate statement on the plans for about 9,500 ... (Source: YAHOO! 2011-06-22T20:14:33Z)

New York leaders discuss exemptions in gay-marriage bill

Democratic Gov. Andrew Cuomo, Senate GOP leader Dean Skelos and Democratic Assembly Speaker Sheldon Silver said that despite there being no deal on religious exceptions, talks were encouraging. "We are going back and forth on language," Cuomo said late Wednesday. (Source: Denver Post 2011-06-23T06:58:47Z)

A Look Inside the Fed's Balance Sheet

"It appears JP Morgan Chase is a vampire squid as well. JPMorgan will pay a $153 million fine to settle Securities and Exchange Commission charges that it misled investors in a mortgage bond deal just as the housing market was about to crack. The SEC ... (Source: Minyanville 2011-06-22T15:06:44Z)

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