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 8, 2011, 10:43 pm

Taxes on the menu in debt-reduction talks

Top lawmakers on Thursday are expected to discuss one of the biggest hurdles in the way of a debt-reduction deal that would allow the United States to continue borrowing at rock-bottom rates -- taxes. As Vice President Joe Biden and six lawmakers meet for ... (Source: msnbc.com 2011-06-09T05:06:33Z)

Maurice Clarett blames athletes rather than Ohio State's coaches and boosters

The NCAA is investigating Ohio State players who allegedly received improper benefits and special deals on cars. Five players have been suspended for the first five games this fall for trading signed jerseys, championship rings and other items for cash and ... (Source: Cleveland Plain Dealer 2011-06-08T19:48:12Z)

Willie Nelson off the hook on pot charge

Bramblett said he has spoken with Nelson's attorney, and the singer has agreed to the plea deal. Bramblett expects the case to be settled within two weeks. "All he has to do is sign the papers, and get me a cashier's check for the money," Bramblett told Reuters. (Source: Reuters 2011-06-09T05:35:11Z)

6,000 MnSCU employees may get layoff notices in anticipation of possible shutdown

The notices will be sent if MnSCU can't reach a deal to get access to its reserve funds during a state shutdown, said Laura King, MnSCU's chief financial officer. Hundreds of college and university workers in St. Cloud would be on the list. King told ... (Source: St. Cloud Times 2011-06-09T05:20:52Z)

FACTBOX-Can U.S. budget players find common ground?

That would save $340 billion, though Republicans aren't likely to offer support because it would require keeping the divisive Affordable Care Act in place. TAXES: The two parties differ sharply here as the Ryan plan would raise $1.8 trillion less in ... (Source: Reuters 2011-06-09T04:59:23Z)

Michigan farmers use weather to catch up on plantings

Hot, dry days came in the nick of time for Michigan farmers who were delayed from planting spring crops by weeks of rain. While it remains unclear how much planting they can do to make up for lost time, the damp weather and other factors are already ... (Source: Detroit News 2011-06-09T05:06:33Z)

NC House gives initial OK to opening gun laws

Too many public locations and businesses prohibited handguns, and state law didn't allow permit-holders to deal with the off-limits sign by lawfully locking their guns in their vehicles. "The property rights of the business owner don't reach inside that ... (Source: RealClearPolitics 2011-06-09T05:20:52Z)

Laham to build small center at 21st, Rock

Erickson says a deal with a second tenant is close. Laham Development purchased the property, which is across from its Bradley Fair development on the southeast corner, in 2008. "We're... excited about the redevelopment of that corner since it is the third ... (Source: Wichita Eagle 2011-06-09T05:06:33Z)

Take comfort in the chaos surrounding Ozzie, White Sox

this is what the Sox are. Guillen is his own weather system. He can bring sunshine, and he can bring dark clouds. But he always brings something, and for a franchise that has battled an inferiority complex, it would be suicide to get rid of him. (Source: Chicago Sun-Times 2011-06-09T05:13:42Z)

NC Republican lawmakers return to stronger ID bill

A person who doesn't have a photo ID could cast a provisional ballot. GOP House members had offered another bill that would allow voters to offer their current registration card, utility bill or pay stub as proof of identity. But Democrats said they didn't ... (Source: RealClearPolitics 2011-06-09T05:06:33Z)

Clarett says Tressel isn't to blame

The NCAA is investigating Ohio State players who allegedly received improper benefits and special deals on cars. Five players have been suspended for the first five games this fall for trading signed jerseys, championship rings and other items for cash and ... (Source: Omaha World-Herald 2011-06-09T05:20:52Z)

Knee injury keeps Craig out of lineup

Last year's pick, Zack Cox, agreed to a deal and a spot on the 40-man roster a few hours before the deadline. Wong, a junior at Hawaii, is likely to command a bonus close to the slot that is suggested each draft by the commissioner's office. The slot for ... (Source: St. Louis Post-Dispatch 2011-06-09T04:59:23Z)

Clarett: Blame players, not Ohio State

The NCAA is investigating Ohio State players who allegedly received improper benefits and special deals on cars. Five players have been suspended for the first five games this fall for trading signed jerseys, championship rings and other items for cash and ... (Source: Times-Leader 2011-06-09T04:59:23Z)

Deals of the Hour / June 8, 2011, 8:42 pm

Deals of the day -- mergers and acquisitions

(For Reuters columns on deals, click on ) ** Citigroup has agreed to sell a portfolio ... [ID:nL3E7H825A] ** Azeri state energy company SOCAR plans to sign a gas deal with German utility RWE by the end of 2011 to explore in the Caspian Sea, as well as ... (Source: Reuters 2011-06-08T20:31:09Z)

SEC settles over social media fundraising

According to a presentation posted on the internet, Mr Flatow is quoted as saying their quest began with a tweet from Mr Migliozzi after he read that Pabst was up for sale. Mr Flatow tweeted back saying he was interested in buying the company and ... (Source: Financial Times 2011-06-09T03:04:51Z)

Chicago would feel like home to Trevor Gretzky

Mr. Steinbrenner said, 'Yeah, I do.' And Trevor said, 'Well, you're a pretty big deal, huh?' He was 6 and fell in love with baseball.'' A hockey stick remained in Trevor's bedroom throughout childhood and he once tried his hand at goal-tending. But ... (Source: 22 WSBT 2011-06-09T02:36:13Z)

Leonard Stern dies at 88; TV writer, producer also co-created Mad Libs

Henry, who created "Get Smart" with Mel Brooks , told The Times on Wednesday that Stern "had a great deal to do with the making of the pilot, and he invented what I have always thought and said was the best opening and closing pieces that define the show ... (Source: Los Angeles Times 2011-06-09T03:12:01Z)

Toyota Owners Can't Use California Law for Money-Loss Claims

Their lawyers asked U.S. District Judge James V. Selna in Santa Ana, California, who is overseeing the cases, to allow them to pursue their claims under California law, which gives plaintiffs a better chance than most states of recovering damages. (Source: BusinessWeek 2011-06-09T03:04:51Z)

Burbank to loan $1 million to strapped golf course

The golf course deal comes as the city weighs roughly $567,000 in proposed cuts to public services, part of an effort to close a projected $8.7-million budget gap for next fiscal year. The proposed public service cuts include shaving around-the-clock ... (Source: Los Angeles Times 2011-06-09T03:12:01Z)

McCourts' settlement also could affect Los Angeles Marathon

Frank McCourt is struggling to meet the Dodgers' payroll, and if the Dodgers are put up for sale — whether by McCourt, the divorce judge or MLB — the marathon could be too. Employees responsible for corporate sponsorships and creative services were let ... (Source: Chicago Tribune 2011-06-09T03:12:01Z)

Noble Group Offer for Territory Resources Betters Exxaro Resources Bid

Noble Group Ltd. (NOBL) , the Hong Kong-based commodity trader, offered A$90 million ($96 million) for the shares in Territory Resources Ltd. (TTY) it doesn't own, outbidding a deal agreed to with Exxaro Resources Ltd. (EXX) Noble, Territory's largest ... (Source: Bloomberg 2011-06-09T03:12:01Z)

Is Super 8 Too Secret-y for Its Own Good?

All that sexy secrecy, and a bargain, too! Analysts like Bock say the flick should bring in at least "the mid-$20 millions to mid-$30 millions" in its opening weekend, likely more. It's unlikely that investors won't be happy at the end of the day. (Source: Entertainment Online 2011-06-09T03:19:10Z)

JGBs rally on U.S. Treasuries, 5-year sale eyed

Brokers are being forced to cover short positions created ahead of the sale because of strong Treasuries," said a trader at a Japanese bank. * "Uncertainty over Japanese politics had pushed market participants to the sidelines, but yields kept moving lower ... (Source: Reuters 2011-06-09T02:50:32Z)

Deals of the Hour / June 8, 2011, 6:45 pm

A Gold Rush, Deep in a City's Sewers

Several times a month, men desperate for an income descend as far as 15 feet into the dark in search of gold bits that have been washed down the drain by craftsmen cleaning up after a day of etching and molding jewelry. With a flashlight in hand and a mask ... (Source: New York Times 2011-06-08T08:06:41Z)

Investigators focusing on tipster with 512 area code

Deputies went to the scene, but it was too dark for them to see inside, officials said. The woman called back around 11 a.m. Tuesday, and told deputies they missed the area where the bodies were located, officials said. The caller then provided a more ... (Source: Austin American-Statesman 2011-06-09T01:03:10Z)

Daughter testifies about abuse by father, and her mother's murder

Wearing a checked long-sleeved blouse and dark slacks, the girl turned in her witness chair so she would face directly at the Criminal Court jury and away from her father, capital murder defendant James Hawkins. "I would say stop and he would force me ... (Source: Memphis Commercial Appeal 2011-06-09T00:56:00Z)

A gold rush, deep in Baghdad's sewers

Several times a month, men desperate for an income descend as far as 15 feet into the dark in search of gold bits that have been washed down the drain by craftsmen cleaning up after a day of etching and molding jewelry. With a flashlight in hand and a mask ... (Source: Economic Times 2011-06-09T01:17:29Z)

Australia cuts special deal for asylum seekers sent to Malaysia

Sydney - The 800 asylum seekers deported from Australia under a swap deal with Malaysia would be treated better than the 90,000 already in the South-East Asian country, officials said Thursday. On release from six weeks in a purpose-built holding centre ... (Source: Monsters and Critics 2011-06-09T01:03:10Z)

WellPoint to buy CareMore Health Group for about $800 million

The deal, announced Wednesday, will give WellPoint a boost as it competes for a piece of the fast-growing elderly care market, said Ana Gupte, an analyst with New York research firm Sanford C. Bernstein. "They've purchased a company that has a strong ... (Source: Los Angeles Times 2011-06-09T01:03:10Z)

Brazil in fourth interest rate rise

The central bank on Wednesday evening boosted the benchmark Selic interest rate by 25 basis points to 12.25 per cent and maintained its strategy of a "prolonged" adjustment to deal with an inflation rate that has exceeded the upper limit of the ... (Source: Financial Times 2011-06-09T00:48:51Z)

Shania Twain lands Las Vegas residency

I'm going to go nuts creatively.' And she said that the deal marked another step in her recovery after her ex-husband left her for her assistant and she subsequently lost her voice. 'It's been a healing year,' said Twain, who married Frédéric Thiébaud in January. (Source: Monsters and Critics 2011-06-09T01:24:38Z)

NBA Agrees With Players' Union That Labor Discussions Are 'Very Far Apart'

"We're not any place close to a deal." The negotiations, which have totaled 13 hours of talks in both NBA Finals cities, will continue on June 14 in Miami if there is a Game 7 or in New York if the series has concluded. Another session also has been ... (Source: Bloomberg 2011-06-09T01:17:29Z)

Banking: Senate reins in debit card 'swipe fees'

Remember those dark days after the 2008 financial collapse, when Congress vowed it would get tough with the banks? Well, that resolve seems to be dwindling. A move to undo some of the reforms legislators were touting just months ago was barely stopped Wednesday. (Source: Los Angeles Times 2011-06-09T00:56:00Z)

Investors race to buy into Fusion-io IPO

The IPO priced at $19 a share, above its projected range of $16-$18 a share, according to a person familiar with the deal. That range was already upped from $13-$15 a share earlier this week. The swift take-up of shares in a money-losing technology company ... (Source: Financial Times 2011-06-09T01:03:10Z)

Deals of the Hour / June 8, 2011, 4:43 pm

Paul McCartney coming to Yankee Stadium in July

Tickets go on sale Monday. McCartney has been part of several high-profile shows in New York ballparks. The Beatles played before more than 55,000 fans at Shea Stadium to open a North American tour in 1965, one of the most memorable performances by the Fab Four. (Source: Salon 2011-06-08T22:11:22Z)

Trichet May Play ECB Rate Card as Germany Adds to Greek Pressure

Greece said the move "overlooks" its commitment to meeting its 2011 fiscal target as well as an "accelerated" state-asset sale program. Investors remain unconvinced. Greek 10-year bonds yield almost 16 percent and the country is the most expensive ... (Source: BusinessWeek 2011-06-08T23:15:47Z)

Apple Intros Read-Aloud Feature for Children in iBooks 1.3

"Browse your library on a beautiful bookshelf, tap a book to open it, flip through pages with a swipe or a tap, and bookmark or add notes to your favorite passages," reads the company's description for the popular iBooks app. Suitable for both iPhone ... (Source: Softpedia 2011-06-08T09:25:26Z)

Winnipeg names Blackhawks official as its new GM

It will begin play in the NHL next season. All that remains to complete the sale of the team is approval of the NHL board of governors, who will meet on June 21 in New York. Winnipeg, which would become the NHL's smallest market, was home to the Winnipeg ... (Source: Reuters Canada 2011-06-08T21:57:03Z)

UPDATE 1-Citigroup sells private equity assets to Axa unit

"This sale marks the completion of a significant share of Citi Holdings' proprietary private equity investments and demonstrates the progress the Citi Holdings team is making in reducing non-core assets on our balance sheet," Mark Mason, Chief Operating ... (Source: Reuters 2011-06-08T08:35:19Z)

Citigroup Sells $1.7 Billion of LBO Fund Stakes to Axa Unit

"This sale marks the completion of a significant share of Citi Holdings's proprietary private equity investments and demonstrates the progress the Citi Holdings team is making in reducing non-core assets on our balance sheet," Mark Mason, chief ... (Source: BusinessWeek 2011-06-08T09:03:57Z)

UPDATE 1-Brasil Foods merger in doubt, shares plummet

Analysts are working with negative scenarios that include the divestiture of minor margarine, cold cuts and other brands, the lease of some operations to competitors and even the sale of one of the flagship Sadia or Perdigao brands to win approval for the merger. (Source: Reuters 2011-06-08T21:57:03Z)

McCartney Returns To NYC

Now Yankee Stadium will host the former Beatle. Tickets go on sale June 13 at 11 a.m. EDT. Check out PaulMcCartney.com for more information. (Source: POLLSTAR 2011-06-08T23:08:38Z)

Axa Unit Agrees to Purchase Citigroup Buyout Fund Assets for $1.7 Billion

"This sale marks the completion of a significant share of Citi Holdings's proprietary private equity investments and demonstrates the progress the Citi Holdings team is making in reducing non-core assets on our balance sheet," Mark Mason, chief ... (Source: Bloomberg 2011-06-08T08:35:19Z)

Flint Announces Closing of Senior Notes Offering and New Credit Facility

This news release and the information contained herein does not constitute an offer of the notes for sale in the United States and the notes may not be offered or sold in the United States , absent registration or an applicable exemption from the ... (Source: StreetInsider.com 2011-06-08T23:30:06Z)

VIDEO: Huma Abedlin 'Saddened, But Committed' To Anthony Weiner Amid Sexting Scandal

PHOTOS: See All Of Rep. Weiner's Explicit Facebook Messages On Wednesday, the beautiful and successful 34-year-old was traveling to the Middle East and Africa with her mentor and employer of 15 years, Secretary of State Hillary Rodham Clinton (Source: Radar Online.com 2011-06-08T23:15:47Z)

A Gay Man's Perspective on Anthony Weiner

Sex is a dance, sometimes executed with one partner for many years, and sometimes spinning from partner to partner in a beautiful series of shared joys. And sometimes, that dance stops making sense, entering a fantasy world in which we find ourselves ... (Source: DAILY KOS 2011-06-08T07:16:35Z)

Huma Abedin Still Supports Weiner, Tries to Salvage His Career

She came to the United States to attend George Washington University. Strikingly beautiful, her only foray into the public eye was cooperating with a 2007 feature in Vogue magazine. During the interview she told the magazine that she "grew up in a very ... (Source: ABC News 2011-06-08T22:18:31Z)

Paul McCartney Changes Teams, Plays Yankee Stadium Next Month

This will be his debut at the stadium, and we're told tickets go on sale Monday June 13th at 11 a.m., for those who want to join him. The concert kicks off his new On The Run tour, but check out some vintage Macca at Shea, below: (Source: Gothamist.com 2011-06-08T23:08:38Z)

Don King Sells South Florida Estate for $15M

The property also has 300 feet of space directly on the ocean and two docks on the Intracoastal waterway, according to Engel & Volkers agent Jack Elkins, who handled the sale. Elkins didn't say who bought the property, but said it sold in less than 45 days ... (Source: msnbc.com 2011-06-08T23:08:38Z)

Deals of the Hour / June 8, 2011, 2:42 pm

UPDATE 3-Credit Agricole backs Greek debt extension

Although Credit Agricole shares are among the top performers of Europe's banks in the year to date, the stock trades at a book-value discount to rivals on fears it lacks capital strength. An extension of debt maturities would be considered by experts and ... (Source: Reuters 2011-06-08T20:16:50Z)

A Gay Man's Perspective on Anthony Weiner

And sometimes, that dance stops making sense, entering a fantasy world in which we find ourselves eschewing expectations and indulging fancies that others might consider inappropriate. The online world makes such indiscretions easier to commit, and that ... (Source: DAILY KOS 2011-06-08T07:16:35Z)

Suit: Polaroid sold LCD TVs that caught fire

The lawsuit lists dozens of complaints posted to consumer websites, and pins the problem on a defective design that exposes circuitry to excessive heat and voltage, leading to dark screens, smoke or fire. The suit also cites a report by Northbrook ... (Source: The Business Journal 2011-06-08T20:16:50Z)

Asian Stocks Decline as Bernanke Fuels Global-Growth Concerns

With assistance from Norie Kuboyama and Toshiro Hasegawa in Tokyo. Editors: Nick Gentle, John McCluskey. To contact the reporters on this story: Jonathan Burgos in Singapore at jburgos4@bloomberg.net; Shani Raja in Sydney at sraja4@bloomberg.net. (Source: BusinessWeek 2011-06-08T06:47:57Z)

Tell y'all tales for me: Weiner

The two spent Monday night in a Manhattan hotel after dinner with her family. Asked how he was holding up, the 46-year-old pol, dressed in a dark navy suit, replied, "OK, good. Nothing new today." * House Speaker Nancy Pelosi ordered an ethics probe ... (Source: New York Post 2011-06-08T06:33:38Z)

The Hunt For Dark Matter In The Universe

KICP's Juan Collar leads a team that detected a seasonal signal variation compatible with dark matter theory. In an interview, he discusses the significance of the finding, what will be needed to prove the existence of dark matter, and how turning to an ... (Source: Redorbit.com 2011-06-08T20:59:47Z)

Santa Fe's Copa venue still lacks lights

Pedro Eusebio, a spokesman for the Colon football club, said the 65-year-old venue in Santa Fe was waiting for new floodlights to be released by the customs office so they can be installed. He said the old lights were torn down. ''The lights have to be put ... (Source: FOXSports.com 2011-06-08T21:14:06Z)

Final Weiner pic leaks onto the Internet; Update: DCCC official calls for Weiner's resignation

But who knows where Weiner would be today if he hadn't made such a dark appeal to racial hostility days after a notorious riot? Probably still in Chuck Schumer's office … and probably still texting/tweeting/Facebooking his genitalia. (Source: Hotair.com 2011-06-08T20:52:37Z)

Kylie `flash mob a fake`

But later they said that there would be a red carpet event that would work.' A rep for Minogue confirmed that the flash mob was pre-planned, although he insisted that Kylie had been kept in the dark. (Source: Monsters and Critics 2011-06-08T07:09:25Z)

QAD Declares Quarterly Dividend of $0.06 per Class A Share and $0.05 per Class B Share

SANTA BARBARA, Calif., Jun 08, 2011 (BUSINESS WIRE) -- QAD Inc. ( QADA )( QADB ), a leading provider of enterprise software solutions for global manufacturers, today announced that its Board of Directors has declared a quarterly dividend of $0.06 per share ... (Source: Investors Business Daily 2011-06-08T20:09:40Z)

Texas Instruments' Quarterly Forecasts Fall Short of Estimates

Texas Instruments ranked second behind Santa Clara, California-based Intel Corp. among U.S. chipmakers in total sales last year. (Texas Instruments will hold a conference call at 5:00 p.m. New York time to discuss the results. Go to LIVE <GO> or investor ... (Source: BusinessWeek 2011-06-08T20:52:37Z)

Soak Up a Spectacular Summer With Getaway Savings From Boston Marriott Burlington Hotel

Limited number of rooms are available and blackout dates or other restrictions may apply. Promotion cannot be combined with any other offer, discount coupon, sale, promotion, or prior purchase/reservation. Void where prohibited. * A two-night weekend stay ... (Source: msnbc.com 2011-06-08T21:14:06Z)

Deals of the Hour / June 8, 2011, 12:44 pm

Axa Unit Agrees to Purchase Citigroup Buyout Fund Assets for $1.7 Billion

"This sale marks the completion of a significant share of Citi Holdings's proprietary private equity investments and demonstrates the progress the Citi Holdings team is making in reducing non-core assets on our balance sheet," Mark Mason, chief ... (Source: Bloomberg 2011-06-08T08:35:19Z)

UPDATE 1-Citigroup sells private equity assets to Axa unit

"This sale marks the completion of a significant share of Citi Holdings' proprietary private equity investments and demonstrates the progress the Citi Holdings team is making in reducing non-core assets on our balance sheet," Mark Mason, Chief Operating ... (Source: Reuters 2011-06-08T08:35:19Z)

A Gay Man's Perspective on Anthony Weiner

Sex is a dance, sometimes executed with one partner for many years, and sometimes spinning from partner to partner in a beautiful series of shared joys. And sometimes, that dance stops making sense, entering a fantasy world in which we find ourselves ... (Source: DAILY KOS 2011-06-08T07:16:35Z)

Band to Watch: Foster the People's Pumped-up Psych-Pop

"It got pretty dark," he says. "My friends thought I was going to die. I was blind to it. When I was 19 years old, it got to a point where I said, 'Enough is enough'…I saw time was just passing me by I wasn't being productive." Mad Man: After kicking the ... (Source: Rolling Stone 2011-06-08T18:50:56Z)

Apple Intros Read-Aloud Feature for Children in iBooks 1.3

"Browse your library on a beautiful bookshelf, tap a book to open it, flip through pages with a swipe or a tap, and bookmark or add notes to your favorite passages," reads the company's description for the popular iBooks app. Suitable for both iPhone ... (Source: Softpedia 2011-06-08T09:25:26Z)

Tell y'all tales for me: Weiner

The two spent Monday night in a Manhattan hotel after dinner with her family. Asked how he was holding up, the 46-year-old pol, dressed in a dark navy suit, replied, "OK, good. Nothing new today." * House Speaker Nancy Pelosi ordered an ethics probe ... (Source: New York Post 2011-06-08T06:33:38Z)

Muddy Waters 'Pre-Marketed' Report to Funds, Dundee Says

Share Sale Dundee was among institutions that helped Sino-Forest sell shares in December 2009 and also in May 2009. Short selling, or selling borrowed shares with the hope of profiting when they fall, more than doubled to a record 35 percent of Sino-Forest ... (Source: BusinessWeek 2011-06-08T07:16:35Z)

Lawyer: Feds balk at sale of Barefoot Bandit story

SEATTLE (AP) — Plea negotiations involving the young man known as the "Barefoot Bandit" have hit a snag as federal prosecutors balk at letting him sell the rights to his sensational tale, even if money from movie or book deals is used to repay his ... (Source: USA Today 2011-06-08T18:58:05Z)

Beyonc shocked to see woman wearing burka at one of her gigs

"I was shocked she was even there, that she had been allowed to attend the concert, because after it gets dark you don't see many women on the street. So her presence alone was moving." She added: "Witnessing the power, beauty and strength of women ... (Source: Monsters and Critics 2011-06-08T19:05:15Z)

Demand for iPad 2 in China fuels corruption in Hong Kong

Hong Kong - Twenty-four people were arrested in Hong Kong for alleged bribery in relation to the sale of tablet computers, such as Apple Inc's iPad 2, officials said Wednesday. The Independent Commission Against Corruption said the group was arrested in an ... (Source: Monsters and Critics 2011-06-08T07:38:03Z)

EBay seeks acquisitions to speed impulse buys

Yankovich said listing an item for sale on the site took 38 minutes on a mobile phone, compared with 20 minutes on the computer website, aided by time-saving features like being able to scan in a barcode instead of typing in details. EBay bought barcode ... (Source: Reuters 2011-06-08T18:22:18Z)

The Weiner Sale: Spirit Air Offers Fares "Too Hard To Resist"

Just when you thought the Rep. Anthony Weiner saga couldn't get any weirder, the discount airline, known for its wacky and clever ad campaigns , promises fares so low they are just "too hard to resist". "This scandalous sale is no secret so get socially ... (Source: Yahoo Finance 2011-06-08T18:43:46Z)

Citigroup Sells $1.7 Billion of LBO Fund Stakes to Axa Unit

"This sale marks the completion of a significant share of Citi Holdings's proprietary private equity investments and demonstrates the progress the Citi Holdings team is making in reducing non-core assets on our balance sheet," Mark Mason, chief ... (Source: BusinessWeek 2011-06-08T09:03:57Z)

Deals of the Hour / June 8, 2011, 10:46 am

Citigroup sells buy-out portfolio to Axa

"This sale marks the completion of a significant share of Citi Holdings ... Dominique Senequier, Axa Private Equity's chief executive, said she expected a further series of deals in the next few years as market valuations for such assets, which ... (Source: Financial Times 2011-06-08T17:03:33Z)

UPDATE 1-Citigroup sells private equity assets to Axa unit

"This sale marks the completion of a significant share of Citi Holdings' proprietary private equity investments and demonstrates the progress the Citi Holdings team is making in reducing non-core assets on our balance sheet," Mark Mason, Chief Operating ... (Source: Reuters 2011-06-08T08:35:19Z)

A Gay Man's Perspective on Anthony Weiner

And sometimes, that dance stops making sense, entering a fantasy world in which we find ourselves eschewing expectations and indulging fancies that others might consider inappropriate. The online world makes such indiscretions easier to commit, and that ... (Source: DAILY KOS 2011-06-08T07:16:35Z)

Arbor Park shopping center sold in 1031 exchange

The buyer was not disclosed. A&B used the proceeds of that sale to purchase the Union Bank Office Complex in Everett, Wash. — what's commonly known as a 1031 exchange. "Acquisition of the Union Bank Office complex continues our strategy of ... (Source: The Business Journal 2011-06-08T16:56:24Z)

Weiner Scandal Raises 3 Issues Concerning Sexting and Online Sharing

What's online is the true you, not what you portray in person. 0% 0 votes Of course not! An online persona is fantasy, half-truths and just fun and games. It shouldn't impact your career. A tag is a way to search for this diary. If someone is searching for ... (Source: DAILY KOS 2011-06-08T16:34:55Z)

Muddy Waters 'Pre-Marketed' Report to Funds, Dundee Says

Share Sale Dundee was among institutions that helped Sino-Forest sell shares in December 2009 and also in May 2009. Short selling, or selling borrowed shares with the hope of profiting when they fall, more than doubled to a record 35 percent of Sino-Forest ... (Source: BusinessWeek 2011-06-08T07:16:35Z)

Cascadia Capital Promotes Jamie Boyd and Bryan Jaffe to Managing Director

Jaffe played a major role in structuring and closing Questmark Partners' $8.5 million growth equity financing in Lakewood, WA-based Thrift Recycling Management and in the sale of Tacoma, WA-based Interstate Distribution Co. to Saltchuk Resources ... (Source: StreetInsider.com 2011-06-08T16:34:55Z)

British Airways Announces Exceptional Business Class Seat Sale to London

Discounted seats are available for sale on ba.com through Thursday, 12:00am (EDT), June 16, 2011. Travel is valid June 28, 2011 through September 3, 2011 from U.S. gateways and from Canadian gateways June 24, 2011 through September 6, 2011. Travelers may ... (Source: Yahoo Finance 2011-06-08T16:56:24Z)

Triton in exclusive talks to buy K+S's Compo-source

The talks over a sale worth about 200 million euros ($293 million) are in the final stretch, the person told Reuters on Wednesday. A spokesman for K+S referred to the company's statement at its recent annual shareholders' meeting that it aims to complete a ... (Source: Reuters 2011-06-08T17:10:43Z)

State blocks East Ramapo's sale of Hillcrest school

SPRING VALLEY — The state education commissioner has annulled the East Ramapo school board's sale of Hillcrest Elementary School to the Congregation Yeshiva Avir Yakov. In the critical 10-page ruling released Monday, Commissioner David Steiner said the ... (Source: LoHud.com 2011-06-08T17:17:52Z)

Citigroup Sells $1.7 Billion of LBO Fund Stakes to Axa Unit

"This sale marks the completion of a significant share of Citi Holdings's proprietary private equity investments and demonstrates the progress the Citi Holdings team is making in reducing non-core assets on our balance sheet," Mark Mason, chief ... (Source: BusinessWeek 2011-06-08T09:03:57Z)

Demand for iPad 2 in China fuels corruption in Hong Kong

Hong Kong - Twenty-four people were arrested in Hong Kong for alleged bribery in relation to the sale of tablet computers, such as Apple Inc's iPad 2, officials said Wednesday. The Independent Commission Against Corruption said the group was arrested in an ... (Source: Monsters and Critics 2011-06-08T07:38:03Z)

Deals of the Hour / June 8, 2011, 8:44 am

Americans Unlikely to Alter Summer Travel Plans Over the Cost of Two Pizzas, Industry Leaders Indicate at Summit

Rather than promote last-minute deals during the peak summer season, airlines, rental car brands and hotels are more likely to offer extras or value-added promotions rather than heavily discounted rates or fares as they did last summer. "Travelers will ... (Source: Yahoo Finance 2011-06-08T15:23:20Z)

Getafe says Luis Garcia Plaza to become new coach

Spanish media reports that the deal is for three years. Garcia Plaza spent the last three years coaching Levante, which was promoted in 2010 and finished 15th in its first season back in the top flight. Last season, Getafe escaped being relegated in the final round. (Source: Cleveland Plain Dealer 2011-06-08T15:23:20Z)

Weiner vs. Bayh: Which One's A Bigger Scandal?

This is not your father's bipartisanship The word "bipartisanship" doesn't what it did when Ronald Reagan and Tip O'Neill worked out a deal to save Social Security (back when it really was in danger). They had different beliefs, but worked out their ... (Source: Huffingtonpost.com 2011-06-08T15:23:20Z)

Starfruit Frozen Kefir to Sweeten Menus at Ravinia Festival, Taste of Chicago & Lollapalooza

Like the Lifeway Kefir from which it is made, it is also 100% gluten-free, 99% lactose-free, and packed with 12 live and active probiotic cultures shown by researchers to offer health benefits including digestion support and enhanced immunity. That's ... (Source: Yahoo Finance 2011-06-08T15:01:52Z)

Time running out to ID E. coli culprit, experts say

Ciolos then promised to come up with a higher offer within days to compensate farmers through June, but did not name a specific figure. (Source: Detroit News 2011-06-08T07:23:44Z)

Has Vulcan Materials Company Made You Any Real Money?

That means it turned 5.9% of its revenue into FCF. That sounds OK. Since a single-company snapshot doesn't offer much context, it always pays to compare that figure to sector and industry peers and competitors, to see how your business stacks up. (Source: Motley Fool 2011-06-08T15:23:20Z)

VIDEO: Huma Abedin Knew About Sexting Before Marrying Anthony Weiner

The former presidential candidate -- having been through her fair share of sex scandals in the 90s as the First Lady to then- President Bill Clinton -- counseled Abedin on how to deal with the drama on Monday, according to the Wall Street Journal. (Source: Radar Online.com 2011-06-08T15:16:11Z)

Citigroup Sells $1.7 Billion of LBO Fund Stakes to Axa Unit

"This sale marks the completion of a significant share of Citi Holdings ... "The excellent visibility of the quality of the assets enabled us to offer a fair price." Axa Private Equity, along with Menlo Park, California-based Lexington Partners ... (Source: BusinessWeek 2011-06-08T09:03:57Z)

Indian firms eye part of Exxon stake in Kashagan field

The consortium led by ONGC Videsh has submitted a "non-binding but firm indicative bid" to Exxon for half of its 16.81 percent stake in the Kashagan oil field, the report said, citing documents related to the deal. ExxonMobil has never publicly stated its ... (Source: Reuters 2011-06-08T07:38:03Z)

China's CO2 emissions rose 10 percent in 2010: BP data

The rapid growth is happening as U.N. talks look unlikely to agree on a legally binding deal to curb emissions and fight climate change before the existing Kyoto Protocol expires in 2012. Global carbon dioxide emissions are widely seen as a major factor ... (Source: Reuters 2011-06-08T15:23:20Z)

EU health chief won't criticize Germany on E. coli

On Wednesday, the EU farm chief raised his offer of aid to farmers to euro210 million ($306 million) from an earlier proposal of euro150 million ($219 million). In China, authorities ordered stepped-up health inspections for travelers arriving from Germany ... (Source: Salon 2011-06-08T15:30:30Z)

iPad app now available for Bakersfield Californian replica edition

Olive Software, which powers the replica edition we offer for desktop and laptop readers, created this app specifically for the iPad. Apple, as you may know, hasn't traditionally played well, or at all, with Flash software so while our Olive replica ... (Source: Bakersfield Californian 2011-06-08T15:16:11Z)

A Gay Man's Perspective on Anthony Weiner

Sex is, for most of us, something that consumes a great deal of our brain power. This is not unnatural - in fact, it is one reason why our species has flourished on this rare, blue and green speck of life floating in a distant arm of an unremarkable galaxy. (Source: DAILY KOS 2011-06-08T07:16:35Z)

Deals of the Hour / June 8, 2011, 4:44 am

Obama to expand job-training partnership

The nation has "a set of long-term competitiveness challenges," Obama said at a Tuesday news conference, a day before he was to announce a deal with the largest U.S. industrial trade association that promised to prepare 500,000 workers for what the White ... (Source: United Press International 2011-06-08T10:58:29Z)

Confused.com Reveals 56% of Drivers Forget Where They Park

By using cutting-edge technology, it has developed a series of intelligent web-based solutions that evaluate a number of risk factors to help customers with their decision-making, subsequently finding them great deals on a wide-range of insurance products ... (Source: Yahoo Finance 2011-06-08T11:12:48Z)

Arsenal will do 'a lot of business' in transfer window – Liam Brady

Nasri, meanwhile, has urged Arsenal fans to ignore reports he could be on his way out. The France midfielder has yet to agree a new deal and is said to be a target for Manchester United and Bayern Munich. And Brady is confident the 23-year-old will soon ... (Source: The Guardian 2011-06-08T11:05:39Z)

Arsenal Transfer News: Carl Jenkinson Signed; What Does It Mean for Eboue?

News that Jenkinson had been signed by Arsenal had been in the internet for close to two weeks now but while it was initially reported that a deal had been done, it was confirmed by the Charlton Athletic manager that while a deal was on the verge of ... (Source: Bleacherreport.com 2011-06-08T11:27:07Z)

Working the Wire: Los Angeles Dodgers Shortstop Dee Gordon

With two full months of baseball now in the books, fantasy baseball team owners have an adequate sample size of games to effectively evaluate their teams. Although some perennial All-Stars have yet to reach their strides, most owners now have an grasp of ... (Source: Bleacherreport.com 2011-06-08T11:05:39Z)

BUYINS.NET: Market Maker Surveillance Report. XLF, LVLT, TLB…

It offers network and Internet services, including transport services, high speed Internet protocol services, dedicated Internet access, virtual private network services, and dark fiber services, as well as managed modem, an outsourced, turn-key ... (Source: TMCnet 2011-06-08T10:58:29Z)

Reds 8, Cubs 2: Volquez gets under control in return

"I knew I needed it," he said. "I was cool. I wasn't mad. I had to do something." He only pitched two minor-league games, but Baker hopes they paid off. "That was a long-term deal to help him get his stuff together," he said. "He went down there and worked." (Source: Columbus Dispatch 2011-06-08T10:58:29Z)

Rockies stumble again on the road, 2-0 to Padres

Rizzo is one of two prized prospects acquired by the Padres when they traded three-time All-Star first baseman Adrian Gonzalez to the Boston Red Sox in December in a five-player deal. Rizzo, who is tearing up the Pacific Coast League with Tucson ... (Source: 9News 2011-06-08T11:12:48Z)

Is Sony's 24-inch PlayStation 3D HDTV a good deal for $499?

One surprise that Sony pulled out of its hat at the E3 expo this week was the announcement of a 3D display specifically designed for the PS3 owners. But at $499, does it represent a good buy for gamers? The set represents a bit of an oddity in that its ... (Source: ZDNet 2011-06-08T11:05:39Z)

Fuel prices skyrocket in oil-rich South Sudan

A 2005 peace deal calls for a 50-50 split, but that deal expires on July 9 when Southern Sudan becomes its own country. Residents, local media reports and even the head of the U.N. World Food Program in Southern Sudan said the Sudanese government began ... (Source: St. Louis Post-Dispatch 2011-06-08T11:05:39Z)

West Brom striker set for new contract talks with Baggies

The 29-year-old has a year left of his current contract plus a 12 month option. But Albion are keen for the player to sign an improved long-term deal to stave off interest from other clubs. Odemwingie said: "A few days ago, I was supposed to have a meeting ... (Source: Mirror Football 2011-06-08T11:05:39Z)

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