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 9, 2011, 6:43 pm

Former Castoff Comes Back to Haunt Yankees

Instead, he signed a one-year, $650,000 deal with the Red Sox weeks before spring training. "We knew he was a guy that when he was healthy he could pitch, and he helped our bullpen a lot," Yankees Manager Joe Girardi said. "We had concerns about his back. (Source: New York Times 2011-06-10T01:01:59Z)

Avaya plans return to market with $1bn IPO

The company is heavily leveraged. The $8.3bn deal by Silver Lake and TPG to buy-out Avaya in 2007 included $5.9bn in debt, and additional debts were raised to finance its acquisitions since then. With net debt of $5.7bn, against earnings before interest ... (Source: Financial Times 2011-06-10T01:09:08Z)

Romney holds line against auto bailout at Detroit campaign stop

"We just hired 12 new people at our facility this week, which is a big deal," said Jaron Garza, 36, of Ferndale, who works at General Motors' Tech Center in Warren and is a member of UAW 160. "If he was in charge, I don't think it would have turned out the ... (Source: Detroit News 2011-06-10T01:01:59Z)

M.F. Husain dies at 95; called the Picasso of India

In the January-February 2011 issue of British cultural magazine Standpoint, critic Nick Cohen said Husain "may be the world's greatest living artist." "Husain embodies the spirit of his country," Cohen added. "The struggles, the optimism and glories of ... (Source: Los Angeles Times 2011-06-10T01:01:59Z)

Police look for suspect in Melbourne fatal shooting

Police are seeking 17-year-old Benjamin Carter for questioning in the case. That teen is considered to be armed and dangerous, and is known to reside in the Melbourne-Palm Bay area, police report. The shooting happened about 9 p.m. at the Shull Manor ... (Source: Asbury Park Press 2011-06-10T01:16:17Z)

Governor Seeks Sharp Tuition Increase in Five-Year Plan for SUNY

In announcing his proposal, the governor argued that a 5-percent annual tuition increase would be a bargain for students, because, he said, the periodic increases over the past two decades had averaged out to an annual increase of 6.7 percent. Mr. Cuomo ... (Source: New York Times 2011-06-10T01:30:36Z)

Tahawwur Rana acquitted of 26/11 charges, found guilty of helping LeT

They claimed he implicated Rana in the plot because he wanted to make a deal with prosecutors, something he'd learned after he became an informant for the U.S. Drug Enforcement Administration after two heroin convictions. But prosecutors claimed that Rana ... (Source: NDTV 2011-06-10T01:01:59Z)

Kraft doles out community awards, talks lockout

"We've been fortunate that we've had two rounds of talks, and any time principals are talking in any deal that's complicated, I think that's a big plus. I am happy that we are talking principal to principal," Kraft said. The owner said he's ... (Source: Providence Journal 2011-06-10T01:09:08Z)

Jury clears Chicago businessman in Mumbai attacks, convicts him in plot against Danish paper

They claimed he implicated Rana in the plot because he wanted to make a deal with prosecutors, something he'd learned after he became an informant for the U.S. Drug Enforcement Administration after two heroin convictions. But prosecutors claimed that Rana ... (Source: INFORUM 2011-06-10T00:47:40Z)

Former NBA star Mike Mitchell dies of cancer

We have a great deal of respect and admiration for Mike Mitchell,' Spurs head coach Gregg Popovich said in a statement. 'He was a good man who cared deeply about his family and the community of San Antonio. 'As a basketball player, he was a star in Auburn ... (Source: Monsters and Critics 2011-06-10T00:47:40Z)

Former NBA forward Mike Mitchell dies at 55

"We have a great deal of respect and admiration for Mike Mitchell," said Spurs coach Gregg Popovich. "He was a good man who cared deeply about his family and the community of San Antonio." The Spurs reached the Western Conference Finals in 1982 and ... (Source: Washington Times 2011-06-10T00:40:30Z)

Governor's Office gives tax break to tech company to bring more jobs

ITT Aerospace is adding 2700 jobs. They are an international company that struck a deal with the state of Utah to expand operations here. The company is getting a $33 million tax break to expand its operation within the state. Governor Gary Herbert says ... (Source: Fox 13 Now - Salt Lake City 2011-06-10T00:47:40Z)

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