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 3, 2011, 2:52 pm

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)

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)

U.S. Nasdaq May Bid for London Stock Exchange, Times Says

Nasdaq has yet to appoint advisers to work on an offer, it said. LSE dropped its offer for Canadian rival TMX Group Inc. last week, saying too few shareholders supported the C$3.32 billion ($3.5 billion) merger. To contact the reporter on this story ... (Source: Bloomberg 2011-07-03T09:53:03Z)

Does Motorola Benefit from Google Blundering the Nortel Patents?

On Friday, InterDigital ( IDCC ), owner of a broad spectrum of wireless patents, was up 14.7% – no doubt related to the size of the Nortel deal. Motorola was also up 6.5%; without any other news one must surmise that the gain was partially related to the ... (Source: Seekingalpha.com 2011-07-03T08:34:18Z)

Lee's scoreless streak ends in Phillies' loss to Blue Jays

Victorino stayed down and appeared to have twisted his left ankle on the play. He was tended to by trainers and remained in the game. A baserunning error by Victorino cost the Phillies an insurance run in the eighth. Reliever Marc Rzepczynski left after ... (Source: USA Today 2011-07-03T21:13:05Z)

Calif. GOP claims win in holding out against taxes

But after nearly six months of negotiations, the two sides could not reach a compromise. Instead, the deal Brown reached with Democratic legislative leaders contained billions of dollars in cuts to social programs and public universities and colleges ... (Source: North County Times 2011-07-03T20:22:58Z)

Mike Cameron knew time was running out

It would be uncharted (waters) for me, so I don't know what it would be like. . . . There are situations that come about where you have to go with change. And that's something I'll have to deal with when we sit down to discuss that." (Source: Boston Herald 2011-07-02T08:06:51Z)

Obama says ending tax breaks required to cut deficit

Obama is locked in a dispute with Republicans over how to bring down the deficit as part of a deal to raise the debt ceiling and prevent Washington from default. Democrats insist that some tax increases be included in a deficit-cutting package. Republicans ... (Source: Reuters 2011-07-02T17:32:22Z)

Sunday Special Cover Story: Iowa sports fans drink a few, but family is focus

Workers can cut off patrons who have had too much to drink and they can offer non-alcohol alternatives. On the Iowa Energy's $1 beer night, the special ended at the start of the third quarter and alcohol sales ceased at the start of the fourth. (Source: Des Moines Register 2011-07-03T21:05:55Z)

Obama: "Nothing can be off-limits" in budget

With an Aug. 2 deadline looming to raise the government borrowing limit, the president used his weekly radio and Internet address to call on Congress to make a deal. He also renewed his call for Congress to eliminate some tax breaks for the well-off as ... (Source: CBS News 2011-07-02T15:30:40Z)

i'll be the england captain one day ; CRICKET England v Sri Lanka 3rd ODI at Lord's Today, 10.45am Live on Sky Sports 1 [People, The (England)]

England have three captains - with out-of-nick Strauss the main man in Tests - but swashbuckling hitter Morgan is aiming to be the gaffer in every form of the game. Target The Dubliner said: "I am a leader within the batting unit. A good leader leads from ... (Source: TMCnet 2011-07-03T20:37:17Z)

LSE goes back to square one

That culminated with a deal to buy out some of the banks that had backed Turquoise, another rival platform, and to take control of the venture, now the vehicle the LSE is using for its push into the futures business. Finally, Mr Rolet decided to upgrade ... (Source: Financial Times 2011-07-01T16:57:45Z)

Elements in Pakistani state back terror: India

"Pakistan has created the Frankenstein. They will have to deal with it," Foreign Secretary Nirupama Rao told a group of Afghan journalists here. "Frankenstein (in the novel) creates an artificial human being. But the creature turns out to be dangerous ... (Source: Deccan Herald 2011-07-02T10:37:11Z)

Jose Bautista's 27th home run helps Blue Jays avoid sweep against Phillies

Victorino stayed down and appeared to have twisted his left ankle on the play. He was tended to by trainers and remained in the game. A baserunning error by Victorino cost the Phillies an insurance run in the eighth. Reliever Marc Rzepczynski left after ... (Source: ESPN.com 2011-07-03T20:30:08Z)

U.S. Stocks Surge Most Since July 2009 on Greece, Manufacturing Report

Net income will rise 19 percent in 2011, the data show. To contact the reporter on this story: Cecile Vannucci in New York at cvannucci1@bloomberg.net To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net (Source: Bloomberg 2011-07-02T09:39:55Z)

Prosecution, Defense Offer Closing Arguments In Casey Anthony Trial

(CNN) -- As Casey Anthony alternately cried, glared and shook her head, prosecutors in her capital murder trial told jurors in closing arguments Sunday that evidence in the case points to only one conclusion -- that she murdered her 2-year-old daughter ... (Source: WMUR.com 2011-07-03T20:30:08Z)

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