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 5, 2011, 10:50 am

Balaji Telefilms plans to launch film-focused private equity firm

khushboo.n@livemint.com Deals India, published jointly by Mint, Dow Jones Newswires and The Wall Street Journal, is a one stop destination for investment professionals following deal flow, deals news, private equity and venture-capital activity in India. (Source: Livemint.com 2011-06-05T16:45:38Z)

Analysis: Parties maneuvering on debt and Medicare

Given the sheer size of Medicare, nearly $500 billion a year, any deal on reducing future deficits is likely to include savings from the program, if not the benefit cuts many Democrats oppose. But if any Republican thought that the White House and ... (Source: Houston Chronicle 2011-06-05T17:14:16Z)

With More Important Games to Come, U.S. Is Taught Low-Cost Lesson

Bradley praised Ream's effort, calling it a learning experience. But when the final whistle blew, Ream stood motionless until Howard came over to offer a few words of encouragement. Ream looked as if he could use them. (Source: New York Times 2011-06-05T06:44:21Z)

Sebi wants stock exchanges to go through 'stress test'

NEW DELHI: Sebi may soon frame a policy for the stock exchanges to go through a stress test to prepare them for handling 'flash crash'-like situations, where a sharp plunge in some stocks leads to across-the-board panic sale. The market regulator is ... (Source: Economic Times 2011-06-05T07:34:27Z)

China Tells Neighbors It Wants Peace in South China Sea

We never intend to threaten any country." At last year's event, Gates called for China to resume military exchanges it cut off in January 2010 after a U.S. arms sale to Taiwan. China considers the island a renegade province that should be reunited with ... (Source: BusinessWeek 2011-06-05T07:05:49Z)

Police shoot gator twice, then realize it's fake

In the officers' defense, it was growing dark when they shot the fake gator and it was partially submerged in the weeds. The property owner told police that the gator was meant to keep people off his property, Gentry said. Officers told him a no ... (Source: Pantagraph 2011-06-05T16:59:57Z)

Roche, Bristol-Myers Melanoma Therapies Lead to Longer Lives

If cleared for sale, vemurafenib -- from Basel, Switzerland-based Roche, and Daiichi, of Tokyo -- would compete with Bristol-Myers Squibb Co.'s Yervoy, approved in March. Yervoy may reach $1.5 billion in sales by 2015 while vemurafenib may generate $796 ... (Source: BusinessWeek 2011-06-05T17:07:07Z)

Railway Revolution Builds China's Consumer Culture

However, Morgan Stanley forecasts that the two are set to switch places near 2025 as China pushes to offer more than 9 million hotel rooms by 2039. Familiar names such as Wyndham, Starwood and Hilton are planning major additions to their pipelines in China. (Source: The Business Insider 2011-06-05T06:51:30Z)

Spain shows US kids not ready for spotlight

The central midfield pairing of Jermaine Jones and Maurice Edu couldn't keep up with the head-spinning passes of Spain's midfield, and the centerback tandem of Tim Ream and Oguchi Onyewu struggled to deal with the movement and timing of Spain's forwards. (Source: FOXSports.com 2011-06-05T07:05:49Z)

Cubs and Red Sox to join Giants: "It Gets Better."

We all know how difficult life can be as a teenager." "We've all been there and had to deal with the pressure to fit in and be accepted by our peers." "It's particularly challenging for LGBT teens who face adversity and intolerance in their daily lives." (Source: DAILY KOS 2011-06-05T16:52:48Z)

TEXT-TowerJazz acquires Micron chip plant in Japan

For this deal, TowerJazz was represented by Yigal Arnon & Co and DLA Piper Japan. Micron was represented by Wilson Sonsini and Nagashima Ohno & Tsunematsu Japan. (Source: Reuters 2011-06-05T06:37:11Z)

Cyber-Attacks on Gmail, Defense Industries Linked to China: Investigators

China's military threatened to take sanctions against Lockheed Martin if the company went through with a sale of F-16 fighter jets to Taiwan. In addition, two scholars from the Chinese Academy of Military Sciences wrote in the China Youth Daily newspaper ... (Source: eWeek 2011-06-05T16:38:29Z)

Beansprouts could be cause of E.coli outbreak

German hospitals are struggling to deal with the overwhelming flow of E.coli patients. The outbreak began three weeks ago in the northern port of Hamburg, so far its killed 19 people. The bug has the ability to stick to the intestinal walls where it pumps ... (Source: Euro News 2011-06-05T16:59:57Z)

Joe Cole set for Spurs move?

Reports in Sunday's press suggest he is set to return home to London - where he has spent the rest of his career - in a £3 million deal to be reunited with Harry ... that Spurs are planning for the sale of prized asset Luka Modric (Source: ESPN Soccernet 2011-06-05T17:14:16Z)

Higher counter offer can replace bid price, rules SC

A higher counter offer for a liquidated company can replace the already accepted bid price, if it is found to be below the market value, the Supreme Court has ruled. The ruling has held that high courts, which supervise the winding up process, can accept a ... (Source: Hindustan Times 2011-06-05T16:52:48Z)

NATO Airstrikes Intensify Pressure on Qaddafi

In the Saturday attacks, British Apaches hit two targets near the eastern oil town of Brega, according British Maj. Gen. Nick Pope, and separate Royal Air Force planes destroyed another military installation near Brega and two ammunition bunkers at the ... (Source: FOX News 2011-06-05T17:07:07Z)

Obama Advisor Praises Private Sector

I live for that moment," he said. Goolsbee said deficit and debt reduction are top on the president's agenda. He suggested a debt deal could be reached in the next month. "The US is a nation that pays its bills, and ultimately we're not going to decide ... (Source: MyFox Houston 2011-06-05T16:59:57Z)

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