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 / July 1, 2011, 8:51 pm

Dodgers Had to Pay Fee for Financing

Mr. Siegfried said the Dodgers didn't disclose the amount of the fee because Judge Gross didn't ask for details of the team's financing deal with Highbridge. MLB took control of the Dodgers' day-to-day operations in April amid concerns about the team's ... (Source: Wall Street Journal 2011-07-01T15:46:10Z)

Paychecks To Some Dodgers Employees Bounced

He tried to resolve his cash flow issues with a $3 billion deal with TV partner Fox Sports, but MLB commissioner Bud Selig did not approve the deal because it gave McCourt $385 million up front, much of which he planned to use to settle his divorce proceedings. (Source: 6 News WRTV 2011-07-02T02:01:47Z)

Dealtalk: Google bid "pi" for Nortel patents and lost

Lazard Ltd advised Nortel in the deal, while Jefferies advised its creditors. Akin Gump Strauss Hauer & Feld LLP was legal adviser to Nortel's creditors, while Cleary Gottlieb advised the company. (Source: Reuters 2011-07-02T02:23:15Z)

A 'Policy' of demogogic dishonesty

More broadly, no one threw a flag on his claim that "every single observer who's not an elected official, who's not a politician," agrees with him on the burning need to raise taxes as part of any budget deal. This is a good example of Obama's most grating ... (Source: New York Post 2011-07-02T02:44:44Z)

Jerry Brown signs California budget without fanfare

In fact, many were happy that a deal was not struck because it meant that taxes would drop back to pre-2009 levels July 1, the first day of the new fiscal year. Assembly Republican Leader Connie Conway, R-Visalia, claimed credit for blocking tax extensions. (Source: San Jose Mercury News 2011-07-01T03:50:21Z)

Scott approves Orlando's commuter rail

Federal funds will cover half the deal. The state's share of the costs was expected to be $432 million to purchase 61.5 miles of track from CSX and another $66 million for operating subsidies. Prasad said he personally committed to oversee the project with ... (Source: The Ledger 2011-07-02T03:34:50Z)

Effects of state budget ripple locally

Following the budget's passage, Assembly member Michael Allen, D-Santa Rosa, said the plan was the best-possible solution given the inability to secure new tax revenue. Members of the Legislature would continue to monitor the budget situation ... (Source: Napa Valley Register 2011-07-02T02:30:25Z)

Flyers sign former Pens Jaromir Jagr, Max Talbot

Jaromir Jagr, at the age of 39, is a Philadelphia Flyer. He signed a one-year deal worth $3.3 million US. Jagr was initially talking with both Detroit and Pittsburgh about making a return to the NHL. He's played the past three seasons in the Kontinental ... (Source: Regina Leader-Post 2011-07-02T02:16:06Z)

Flyers stay busy: sign Jagr, Talbot and trade Versteeg

Jagr, 39, a 1990 first-round pick of the Penguins, inked a one-year deal worth $3.3 million, and Talbot, 27, signed a five-year deal worth $9 million. Jagr helped lead the Penguins to two Stanley Cup titles in the early 1990s and appeared headed back to ... (Source: All Headline News 2011-07-02T02:51:53Z)

Recess canceled; Senate to work on debt

WASHINGTON -- The Senate canceled its planned July Fourth recess on Thursday, but partisan divisions remained razor sharp as the clock ticked on efforts to strike a deal to avoid a government default and trim huge federal deficits. A day after President ... (Source: Bennington Banner 2011-07-02T02:51:53Z)

UFC 132 victory could take Cruz's career to the next level

Faber has his own shoe deal, with K-Swiss, and appears in commercials alongside actors like Danny McBride from HBO show "Eastbound & Down". In other words, he's proven to have crossover appeal because of his MMA accomplishments. Cruz can't help but ... (Source: Regina Leader-Post 2011-07-02T02:37:34Z)

Bruins lose Ryder and sign 3 as free agency opens

"Rides got a good deal, so good for him," Bruins general manager Peter Chiarelli said in a conference call with reporters. "I texted him and I wished him well and I told him, 'Make sure you light up all those Eastern Conference teams, except for us'." (Source: Taunton Gazette 2011-07-02T03:06:12Z)

Boston Bruins add ex-Canadiens winger Benoit Pouliot; lose ex-Canadiens winger Michael Ryder

It's a different dynamic when they come into your locker room." The Bruins, who didn't move to match the two-year, $7 million deal Ryder accepted from Dallas, hope they're the team that unlocks something dynamic from the enigmatic Pouliot. (Source: Patriot Ledger 2011-07-02T02:23:15Z)

Who Won The 6,000+ Nortel Patents? Apple, RIM, Microsoft — Everyone But Google

Well, provided the courts approve the bidding results. The deal is still subject to review by the courts in the U.S. and Canada. And given the companies that "won", it seems likely that a lengthy review will take place. The Microsoft and Apple ... (Source: TechCrunch 2011-07-01T19:06:36Z)

Bruins Have Depth to Deal With Michael Ryder's Departure, But Real Test Will Be Replacing His Scoring in Playoffs

While Kaberle remains unsigned and could still return to Boston, Ryder's days as a Bruin are now over after the veteran forward signed a two-year deal with Dallas. "I talked to Mike, or I texted him, and I wished him well, and I said, 'Make sure you light ... (Source: NESN.com 2011-07-02T02:30:25Z)

Dodgers fall prey to capitalism run amok

Not Whitey Bulger, whose alleged unspeakable acts happened long ago and far away from his Santa Monica hideaway ... Selig was preparing to put the Dodgers up for sale (a move well within the commissioner's powers) when McCourt filed for bankruptcy ... (Source: Santa Rosa Press Democrat 2011-07-02T02:30:25Z)

Dominick Cruz vs. Urijah Faber is bad-blood bout at UFC 132

"He has to be worried about being submitted if he decides to take me down," Faber said. "He also has to deal with my speed. It's one thing to be a fast guy yourself and count on earning points by landing punches, but it's another thing when you're dealing ... (Source: Detroit News 2011-07-02T02:23:15Z)

PD Editorial: Amazon.com has a snit over tax change

We're hopeful the online giant won't get its way. As part of the budget deal, Gov. Jerry Brown signed legislation this week that requires online retailers to collect a 7.25 percent base tax on sales. Californians have long been required to pay sales taxes ... (Source: Santa Rosa Press Democrat 2011-07-02T02:16:06Z)

Inside look at $4.5B Nortel patent auction reveals battle of wills between Apple, Google

RPX reportedly sought to partner with another company after withdrawing from the auction, but was unable to broker a deal. "It did become clear to us very quickly that this was something that a bunch of big companies with humongous balance sheets had ... (Source: Apple Insider 2011-07-02T02:51:53Z)

Tom Hanks looks at the sunny side of the recession with 'Larry Crowne'

"Tom said he always remembers that and thinks of it when he interacts with the public," Finn says. "He knows how big a deal it can be to people." Space has been a lifelong "big deal" for Hanks, which is why "From the Earth to the Moon" and "Apollo 13" won ... (Source: Hanford Sentinel 2011-07-02T02:37:34Z)

UPDATE 1-Obama criticizes tone of early 2012 campaigning

Later on Thursday, at a fundraiser at the home of Comcast ( CMCSA.O ) Executive Vice President David Cohen, Obama also faulted the divisive climate for the hold-up in getting to a deal to raise the U.S. debt ceiling. While Republicans and Democrats ... (Source: Reuters 2011-07-01T00:44:14Z)

A Look at the Penguins Organization Heading into July 1st

Thiessen was extended a qualifying offer, but since he knows that Johnson's contract expires after next season, his agent is most likely pulling for a one-way deal in the second and subsequent years of any multi-year contract offer the Penguins might make. (Source: PensBurgh 2011-07-01T04:40:27Z)

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