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 3, 2011, 10:46 am

Tesla prices secondary stock offering at $28.76

In addition to the shares in the public offering, CEO and co-founder Elon Musk will buy 1.4 million shares in a private sale at the same price. Blackstar Investco LLC, an affiliate of Daimler AG, also will buy 637,475 shares directly from Tesla ... (Source: Detroit News 2011-06-03T16:40:51Z)

Asian Stocks Drops a Second Day on Signs U.S. Economy Faltering

Real Estate Developers in Hong Kong fell after home-sale transactions in the city declined for a fifth straight month in May as rising mortgage rates continue to dent buying sentiment. The number of units that changed hands last month declined 12 percent ... (Source: BusinessWeek 2011-06-03T08:48:24Z)

Apple pays music bigs $100M+

with the tech firm taking a 30 percent cut, 12 percent going to music publishers, and the rest to the labels to divide with their artists. Apple yesterday finalized its cloud deals with all labels and their publishing units, according to sources. (Source: New York Post 2011-06-03T07:36:49Z)

Sound of Music: Three Tech Titans Battle for the Cloud

While Apple is last to enter the game, the tech behemoth's hesitation came with sound reasoning: it has already inked several deals with a majority of the world's top music publishers and is rumored to have developed a service that will trump its ... (Source: FOXBusiness 2011-06-03T17:09:29Z)

UPDATE 1-Tribune creditors sue ex-shareholders for billions

In general, former shareholders can defend themselves by arguing they sold in good faith and without any knowledge that the sale would render the company insolvent, said Jonathan Lipson, a law professor at the University of Wisconsin Law School. (Source: Reuters 2011-06-03T17:23:48Z)

Drug sweep nets 6 arrests

PORTSMOUTH, N.H. (FOX 25 / MyFoxBoston) - Police arrested six people in a drug sweep Thursday in Portsmouth, N.H. The roundup was the result of an investigation into the sale of cocaine, Roxicodone, Suboxone, Adderall and marijuana. The following were ... (Source: My Fox Boston 2011-06-03T16:33:42Z)

Alex Rodriguez, Cameron Diaz split: Actress 'hurt and betrayed' after Yankee slugger calls it quits

Breaking up is hard to do, even if you're rich and beautiful. Check out the latest star couples to join the celebrity broken hearts club. They're back together before you can say "it's over," and broken up again before you can say "they're back together." (Source: New York Daily News 2011-06-03T17:09:29Z)

Coachella Valley Music and Arts Festival tickets on sale today

The same musical acts will perform at each event, organizers said. Passes for either weekend go on sale beginning today at 10 a.m. The early opportunity to purchase tickets will last until 10 p.m. next Friday. Tickets, which cost $269 each, will go on sale ... (Source: Desert Sun 2011-06-03T17:09:29Z)

Apple's iCloud: The halo effect

What is less clear is if Apple has also reached deals with providers of TV shows, movies, and e-books. Regardless, we believe reaching cloud music deals would be a great start and further distance Apple from Google, Amazon, Microsoft, and others ... (Source: CNET News 2011-06-03T17:02:20Z)

U.K. Spectrum Sale Should Not Dictate Market Size, Vodafone Says

Ofcom wants to maintain at least four national carriers and would impose limits on the minimum and maximum amounts of frequencies set to go on sale in the first quarter of 2012 to ensure competition. The industry should decide the size of the market in the ... (Source: BusinessWeek 2011-06-03T16:40:51Z)

Hot deal: Groupon files for highly anticipated IPO

That puts him in line to be a billionaire, if investors like Groupon's stock as much as consumers seem to like its daily deals. Groupon has created a new marketing phenomenon catering to people's hunger for bargains. The service has become so popular that ... (Source: Yahoo Finance 2011-06-03T17:02:20Z)

Americas Petrogas Drilling Plans for 2011-2012 and Acquisition of Private Company

Americas Petrogas further announces that it has entered into a share purchase and sale agreement to acquire all of the issued and outstanding shares of Energicon S.A. ("Energicon"), a private Argentine company that holds a 19.5% participating interest in ... (Source: StreetInsider.com 2011-06-03T16:55:10Z)

BMB Munai, Inc. Stockholders Approve the Sale of Emir Oil LLP

(NYSE Amex: KAZ) (the "Company") today announced that its stockholders have approved at a special meeting of stockholders the previously announced sale of all of its interests in its wholly- owned operating subsidiary, Emir Oil LLP, to a subsidiary of MIE ... (Source: American Chronicle 2011-06-03T07:51:08Z)

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