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, 8:43 pm

Prada aims to raise $2.6b in IPO

HONG KONG — The Italian fashion house Prada SpA plans to raise up to $2.6 billion in a listing on Hong Kong's stock exchange, a person familiar with the deal said, joining other foreign companies flocking to cash in on China's rising fortunes. (Source: Boston Globe 2011-06-08T03:13:12Z)

Texas A&M beats Arizona to reach super regional

Nick Fleece pitched the eighth for the win and Ross Stripling closed for a save. Tyler Naquin doubled with two outs in the Aggies eighth off Kurt Heyer and scored on Bratsen's single. Jacob House hit a two-run double later in the inning. (Source: AP - NBC Sports 2011-06-07T20:18:01Z)

Nintendo preparing launch of new Wii U game console

Many details about the Wii U remain undisclosed. Nintendo didn't say how much the console will cost, when exactly it will go on sale or what its technical specifications, such as its processor, will be. could appeal to core gamers: the ability to play ... (Source: Silicon Valley 2011-06-08T03:20:21Z)

City council scrutinizes financial risks of Formula One endorsement

"We've never done a deal this big," said Council Member Sheryl Cole. "So we've got to nail it." "What we're looking to do is try to look at all sides of this such that the city is covered in all situations," added Sue Edwards, an assistant city manager who ... (Source: Austin American-Statesman 2011-06-08T03:34:40Z)

Fewer homeowners are underwater on mortgages

Those price declines are being offset by a pickup in foreclosure sales, which take underwater homes off the market, said Sam Khater, an economist with research firm CoreLogic of Santa Ana, which released the data Tuesday. "We are treading water," Khater said. (Source: Los Angeles Times 2011-06-08T03:06:02Z)

C Sivasankaran in also engaged in legal battle with Maxis in Singapore

The arbitration proceedings between Maxis and Siva, as the entrepreneur is popularly known, relate to a payment that Maxis had to make to Siva under a deal struck between the two in 2006 that led to the sale of Aircel. Siva did not disclose the existence ... (Source: Economic Times 2011-06-08T03:06:02Z)

J.J. Abrams teams with his childhood hero, Steven Spielberg

But that's just what happened, and the fragile reels soon arrived at the Santa Monica home of Reeves (who ... In 2006, when Abrams inked a $55 million production deal with Paramount Pictures and Warner Bros. Television, Paramount chairman Brad Grey ... (Source: Kansas City Star 2011-06-08T03:13:12Z)

Blue Shield of California to cut many premiums 2.5% this year

"It's just strange for a nonprofit to have both incredibly large reserves and apparently substantial profit," said Doug Heller, executive director of Santa Monica-based Consumer Watchdog. "This is a hugely bloated company that would make many for-profit ... (Source: Los Angeles Times 2011-06-08T03:34:40Z)

Big video game announcements at E3 -- the 2011 Electronic Entertainment Expo in Los Angeles

Kaz Hirai, no stranger to press conference flubs in the past, may have redeemed himself with the news we were all waiting for: The wi-fi model of the Vita will go on sale this holiday season for $249 in the U.S., with a 3G/wi-fi model selling for $299. (Source: ABC Action News 2011-06-08T02:58:53Z)

Messer to run for New Albany mayor as independent

Messer said Tuesday night, "I'm going to have to deal with this issue and I'll answer it at the proper time." He said he has until July 15 to file 200 signatures to validate his campaign for mayor. Messer said he would soon schedule an official ... (Source: Courier-Journal 2011-06-08T03:20:21Z)

The Misery of Those With Second Mortgages

Homeowners seeking a "short sale," in which they sell their property for less than the value of the outstanding mortgage, have a much harder time doing so when they have a second loan, because all the lenders involved must agree to take losses on the sale ... (Source: Smart Money 2011-06-07T20:10:51Z)

Blue Shield of California pays back $180 million

The insurer also promised that the initiative isn't a one-time deal. If at the end of any year, the company winds up with net income above that 2% cap -- either because of lower-than-expected medical costs or higher investment income -- it will return the ... (Source: CNN Money 2011-06-07T20:25:10Z)

Temple-Inland Poison Harmless as Merger Can Rise 28%: Real M&A

That's the most expensive for a packaging acquisition greater than $100 million since 2007. Based on next year's higher projected Ebitda, the deal is at a discount to the industry median of 8.2 times, signaling Temple- Inland may command a 28 percent ... (Source: Bloomberg 2011-06-08T03:20:21Z)

NCAA Regionals: Around the nation, June 7

Relievers Nick Fleece, who picked up the win to improve to 7-1, and Ross Stripling tacked on two scoreless innings. Stripling earned his fourth save of the season with a perfect ninth inning. • Quote to note: "Arizona gave us everything we could handle ... (Source: Omaha World-Herald 2011-06-08T03:13:12Z)

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