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 2, 2011, 2:45 am

iLOOKABOUT Corp. Provides General Business Development Update

The insurance industry benefits from dramatically enhanced workflow at point of sale, accurate inflationary updates, and pre loss conditions for claim servicing. Most importantly, iClarify reduces the time needed to create an accurate property valuation by 80%. (Source: PR-USA.net 2011-07-02T09:18:26Z)

Trafina Energy Ltd. Provides Oil Drilling Update and Announces Minor Property Dispositions, Option G

Four vertical test wells are slated to be drilled, commencing the week of July 3, 2011, weather permitting. The Company has also completed the sale of various non-core properties, (Carson Creek, Retlaw, Ronalane, Brownfield and Viking Kinsella) for gross ... (Source: PR-USA.net 2011-07-02T09:18:26Z)

Rhetoric Becomes the Focus in Debt Limit Debate

On the surface, these episodes seem to underscore the vast gap between the two parties' positions on a deal that would raise the debt limit above the $14.3 trillion level where it currently stands. But more than likely it's just political theater. (Source: FOXBusiness 2011-07-01T20:03:52Z)

Apple, Microsoft and four others team-up to buy Nortel patents for $4.5 billion

The sale is a big one for Nortel, a company dealing with a bankruptcy. The deal is still subject to approval from Canadian and U.S. courts. A decision is set to take place in a joint hearing expected to be held on July 11, the Toronto-based communications ... (Source: Los Angeles Times 2011-07-01T23:45:47Z)

LaBeouf bows out of 'Transformers' franchise

Shia LaBeouf's days of battling the Decepticons look to be over, with the "Transformers" star saying he has nothing more to offer after three films playing kid-next-door Sam Witwicky. The 26-year-old American actor said he was through with the action ... (Source: Desert Sun 2011-07-02T08:14:01Z)

Sweden's Ericsson buys Nortel patents

Ericsson said the deal is expected to be completed in the third quarter of this year and will need approval from U.S. and Canadian bankruptcy courts to go through. (Source: Times and Democrat 2011-07-02T08:42:39Z)

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 2011-07-02T08:35:29Z)

Thailand Enters Calm Before Election Storm

It also is possible the Puea Thai party has reached a deal with the military -- allowing them to rule in return for not pursuing the generals responsible for last year's violence, which killed 91 people, mostly red shirts.  If the margin of the win is ... (Source: CNBC 2011-07-02T08:21:10Z)

Vulnerable feel the pinch of Minn. gov't shutdown

So far, 30 agencies had accepted United Way's offer of advances on their grants, seeking cash to stay up and running. The stoppage suspended some programs for the blind and visually impaired, including a radio reading service run by volunteers and training ... (Source: USA Today 2011-07-02T08:49:48Z)

Google investigated amid declining shares

Several other travel companies opposed the deal, howling that it would limit competition ... None of this guarantees that Google will escape unscathed from the investigation. Eric Goldman of Santa Clara University thinks the FTC's watchdogs could raise ... (Source: Winnipeg Free Press 2011-07-02T08:14:01Z)

Imperfect accusers common in sex assault cases

Even without a credible witness, prosecutors could offer a deal to Strauss-Kahn — for instance, dropping the four more serious felony charges against him, which carry up to 25 years' imprisonment, in return for his pleading guilty to the three lesser ... (Source: msnbc.com 2011-07-02T08:42:39Z)

Judge lifts house arrest, bail for Strauss-Kahn

"He's a seducer, not an attacker," Taylor said in a phone interview, adding that the district attorney had not offered a plea deal to reduce the charges. "We wouldn't take one if he did, because Mr. Strauss-Kahn is not guilty." The defense team's next step ... (Source: Los Angeles Times 2011-07-02T00:43:03Z)

Senate cancels July 4 recess

Senate Majority Leader Harry Reid announced that the chamber will cancel its July 4th recess next week, a decision aimed at pressuring negotiators to reach a deal on the looming debt limit. While the move throws a wrench into long-held plans by senators on ... (Source: Politico.com 2011-06-30T14:28:37Z)

Apple and Microsoft Beat Google for Nortel Patents

Nortel delayed the auction once last month because of what it called "significant interest," and started the sale on Monday ... of data like streamed video to mobile devices. The Google offer was interpreted as a defensive move. The search giant was ... (Source: Star-Banner 2011-07-02T08:56:58Z)

Google "pi" strategy lost Nortel bid?

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: Times of India 2011-07-02T08:21:10Z)

Shia LaBeouf: This is my last "Transformers"

MOSCOW — Shia LaBeouf's days of battling the Decepticons look to be over, with the Transformers star saying he has nothing more to offer after three films playing kid-next-door Sam Witwicky. The 26-year-old American actor said he was through with the ... (Source: Wausau Daily Herald 2011-07-02T09:25:36Z)

Google At Risk as Rivals Scoop Up Nortel Patents

Despite the fact that Nortel selected Google's offer as a 'stalking-horse bid,' Google wasn't the ... Research In Motion, and Sony. The sale includes more than 6,000 patents and patent applications spanning wireless, wireless 4G, data networking, optical ... (Source: NewsFactor Business Report 2011-07-02T08:49:48Z)

Minnesota Government Shutdown: State Could Close Doors Friday

Katharine Tinucci, a spokeswoman for Dayton, told HuffPost on Wednesday that while "both sides have been reporting that there's been progress made," no deal had yet been reached. That situation remained the same as of Thursday morning despite talks that ... (Source: Huffingtonpost.com 2011-07-01T03:00:14Z)

Strauss-Kahn's allies cheer his release

Former French government minister Jack Lang says he spoke with Strauss-Kahn's wife Anne Sinclair to offer the couple moral support. Lang told The Associated Press on Saturday that she is relieved but wouldn't go into detail about the couple's upcoming plans. (Source: Oregonian 2011-07-02T08:28:20Z)

Rockets push back rebels south of Libyan capital

Gaddafi's daughter, Aisha, said in a television interview broadcast late on Thursday that her father's administration was prepared to cut a deal with the rebels if that was what it took to stop the bloodshed. The offer marks a shift in tone. Until now ... (Source: Cyprus Mail 2011-07-02T08:56:58Z)

Ex-Thai PM, in exile, looms large in tense vote

If anything, they "have pointed to more army intervention," he said. "The issue is whether they (the army) would be willing to make a deal, whether they would be willing to make some accommodation" with the opposition, Thitinan said. Some speculate ... (Source: Middletown Journal 2011-07-02T08:35:29Z)

Treasury says Congress has month to reach debt deal

WASHINGTON  — The U.S. Treasury on Friday stuck with an August 2 deadline for Congress to approve new borrowing and avoid a default, applying more pressure on lawmakers to break partisan gridlock and reach a budget deal. The Obama administration's ... (Source: msnbc.com 2011-07-01T20:53:59Z)

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