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, 4:45 pm

Should Bank of America Seize Bonuses to Pay its $8.5 Billion Settlement?

What about all the executives who made bonuses based on the sale of those securities? And what about the executives who conducted the due diligence on Bank of America's purchase of Countrywide, which led them to take on this multi-billion dollar headache? (Source: Atlantic Online (blog) 2011-07-01T17:04:55Z)

In Strauss-Kahn case, DA weighs limited options

Prosecutors have a number of options, including going ahead with the current charges or reducing them. They could try to negotiate a plea deal, though it's unclear whether Strauss-Kahn would entertain one. He has asserted his innocence, and the doubts ... (Source: AP - msnbc.com 2011-07-03T22:46:08Z)

Eurozone delays decision on new Greek bailout

That means finance ministers would miss the July 11 deadline, the date of their next meeting by which time Rehn had said he wanted a deal. "A key question, to a large extent, will be how decisions are made concerning the responsibility of private investors ... (Source: Yahoo Finance 2011-07-03T12:01:54Z)

Greece needs Herculean reforms to secure bailout

On the list are public utilities whose sale is sure to prompt public reaction. "Greece now needs to push faster fiscal adjustments and structural reforms," said EFG Eurobank economist Platon Monokroussos. "On the privatisation front, it is of essence the ... (Source: msnbc.com 2011-07-03T22:17:30Z)

Church's bell identified as that from 19th century lighthouse tragedy

The incident claimed the lives of two lighthouse keepers. But the bell lives on. Harrison says the 650-pound fog bell was purchased at a salvage sale in the late 1850s and transported from Massachusetts to Maine. Fifty years later, it ended up in the ... (Source: Bangor Daily News 2011-07-03T23:00:27Z)

Online Campaign Aims to Help Cheerleader Who Refused to Cheer for Player She Said Raped Her

A second grand jury indicted him 10 months later. Bolton eventually pleaded guilty to a lesser assault charge in a plea deal and was given a suspended one-year sentence. Charges were dropped against two others indicted in the incident. The girl ... (Source: FOX News 2011-07-03T22:53:18Z)

Mets get to Mariano Rivera, then win it in 10th, 3-2

But Rivera couldn't close the deal. Reyes felt tightness in his left hamstring and ... Robinson Cano led off with a double to left, the Yanks' first hit of the game. He scored on Nick Swisher's single up the middle. With one out, Pena hit a grounder ... (Source: NorthJersey.com 2011-07-03T22:17:30Z)

BofA Spins Off Its Last PE Fund

Earlier this week, BofA had announced the completion of sale of its insurance subsidiary Balboa Insurance Company and affiliated entities to QBE Insurance Group. The company had inherited Balboa from Countrywide Financial, which it acquired in 2008. (Source: Yahoo Finance 2011-07-03T12:52:00Z)

Cash, Bird lift Mystics over Storm 73-63

(AP Photo/Nick Wass) — AP Seattle Storm's Katie Smith (14) goes up against Washington Mystics' Nicky Anosike, right, during the first half of an WNBA basketball game on Sunday, July 3, 2011, in Washington. (AP Photo/Nick Wass) — AP WASHINGTON — Swin ... (Source: San Diego Union-Tribune 2011-07-03T22:38:59Z)

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)

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)

Mets rally against Rivera, avoid sweep by Yanks

The Yankees tied it in the fifth. Robinson Cano led off with a double for the first hit off Dickey, and Nick Swisher followed with an RBI single. An error by second baseman Justin Turner helped the Yankees load the bases, but Dickey escaped when Granderson ... (Source: Eyewitness News 2011-07-03T22:31:49Z)

Lobster hits the mass market with Maine-made frozen dinners

The creations are targeted at lobster lovers and foodies who don't want to deal with a live product and want the ease and convenience of simply taking something out of the freezer and popping it into the oven. The first time Maine Lobster Council ... (Source: Bangor Daily News 2011-07-03T23:14:46Z)

MLB: N.Y. Mets 3, N.Y. Yankees 2 (10 inn.)

Francisco Rodriguez (2-2) earned the win with two innings of scoreless relief for the Mets, who avoided a three-game sweep at the hands of the Yankees. Curtis Granderson and Nick Swisher drove in the Yankees' runs. (Source: United Press International 2011-07-03T22:31:49Z)

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)

Bank of America in $8.5bn mortgage settlement

The deal comes after a group of 22 investors demanded that the bank repurchase $47 billion in mortgages that its Countrywide unit sold to them in the form of bonds. The group, which includes the Federal Reserve Bank of New York, Pimco Investment Management ... (Source: Vanguard 2011-07-03T22:53:18Z)

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