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 7, 2011, 12:45 pm

Euro Gains on Greek Debt Plan Optimism; U.S. Index Futures Rise

General Electric Co. and Capital One Financial Corp. may be active after people with direct knowledge of the matter said the two companies submitted bids of ING Groep NV's U.S. online bank last week in a sale that may raise about $9 billion. Temple ... (Source: BusinessWeek 2011-06-07T07:32:05Z)

HMV Secures Loan Deal With Lending Banks

LONDON—U.K. entertainment retailer HMV Group PLC Tuesday said it has secured a refinancing deal with its banks totaling £220 million ($320.43 million). The new two-year facility replaces an existing bank facility of £240 million (Source: Wall Street Journal 2011-06-07T10:16:43Z)

Jol appointed Fulham coach; Benfica deny Coentrao close to Real switch

Meanwhile, Portuguese club Benfica have issued a statement denying that Spanish giants Real Madrid have agreed a deal to sign Fabio Coentrao . The defender has a release clause of $44 million and Spanish media reported Tuesday that Coentrao would be ... (Source: CNN 2011-06-07T18:59:16Z)

Cottagers name Jol as new manager

The Dutchman succeeds Mark Hughes, who quit the Premier League club last week. Jol, who has an option to extedn the deal for a further year, will arrive at Fulham later this month in advance of the players return to training later. Jol said: "I am very ... (Source: ESPN Soccernet 2011-06-07T08:07:52Z)

Rana Was Playing on the Terrorist's Team: Prosecutor

They claim he named Rana in the plot because he wanted to make a deal with prosecutors and had to provide another arrest. Headley's cooperation means he avoids the death penalty and extradition to India, Pakistan and Denmark. "Mr. Headley is about the most ... (Source: NBC Chicago 2011-06-07T19:13:35Z)

NBC Wins Rights to Broadcast the Olympics Through 2020

According to the report, the IOC was looking for a deal in the range of the $2.2 billion that NBC paid for the rights to the 2010 and 2012 Olympics. NBC has broadcast every Summer Olympics since 1988 and every Winter Olympics since 2002. The new deal comes ... (Source: My Fox Boston 2011-06-07T19:35:04Z)

Stock index futures signal rebound

General Motors shares in Frankfurt fell 1.5 percent. General Electric and Capital One Financial have submitted bids for ING's U.S. online banking operations in a deal worth about $9 billion, Bloomberg reported. Shares in General Electric in Frankfurt ... (Source: Reuters 2011-06-07T07:53:33Z)

Indian premier regrets protest crackdown but had "no alternative"

Civil society activists rallied to support Ramdev, saying Indians were tired of corruption scandals in Singh's government, including a 39-billion-dollar telecommunications deal and allegations of kickbacks at the 2010 Delhi Commonwealth Games. Veteran ... (Source: Monsters and Critics 2011-06-07T07:32:05Z)

Abuse trial of accused ex-Del. pediatrician begins

Garland said that upon learning that the manufacturer that created the software was no longer in business, investigators resorted to trolling "less than reputable" online sites that deal in pirated software to help crack the code. The first witness to ... (Source: Salon 2011-06-07T19:13:35Z)

Trader May Have 267% Option Payday on Temple-Inland Hostile Bid

"Any time we see an unusually large directional trade that immediately precedes a deal you have to wonder what drove the customer to pull the trigger," said Henry Schwartz, president of Trade Alert LLC, a New York-based provider of options-market data and analytics. (Source: BusinessWeek 2011-06-07T19:20:45Z)

Martin Jol appointed new Fulham manager

The 55-year-old Dutchman has agreed to an initial two-year contract with the west London side, with the option for a further year's extension. Hughes resigned as Fulham manager last week after one season in charge. Since being ditched by Tottenham in 2007 ... (Source: FOXSports.com 2011-06-07T08:36:30Z)

Defense: Rana had no knowledge of Mumbai plot

They claim he named Rana in the plot because he wanted to make a deal with prosecutors and had to provide another arrest. Headley's cooperation means he avoids the death penalty and extradition to India, Pakistan and Denmark. "Mr. Headley is about the most ... (Source: Salon 2011-06-07T19:20:45Z)

HMV secures new financing from banks

That sale is subject to approval by shareholders at a general meeting on June 23. HMV says business has not improved since May when it reported that the entertainment market remained weak. The company plans to close about 60 stores this year. (Source: AP - msnbc.com 2011-06-07T07:24:55Z)

Why Microsoft's Down and LinkedIn's Up

last week. Few presenters even mentioned that tech, especially social-media companies, might be in a valuation bubble despite the $7.45 billion market capitalization for recently public LinkedIn ( LNKD ) and despite daily Web-deal sensation Groupon's hopes ... (Source: Smart Money 2011-06-07T19:13:35Z)

Blog Archive