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Deals of the Hour / September 24, 2010, 2:41 pm

Blockbuster files for Chapter 11 bankruptcy, sets plan to reorganize

After struggling with nearly $1 billion in debt and growing competition from Redbox and Netflix, Blockbuster Inc. filed for Chapter 11 bankruptcy protection on Thursday. The filing, long expected, would ... (Source: Los Angeles Times 2010-09-23T15:07:12Z)

Hertz says not to raise offer for Dollar Thrifty

BANGALORE (Reuters) - Hertz Global Holdings (NYSE: HTZ - News ) said on Friday it would not raise further its offer for Dollar Thrifty (NYSE: DTG - News ), a day after rival Avis Budget outbid it again in the battle ... (Source: Yahoo Finance 2010-09-24T16:31:54Z)

Crawford, Longoria homer back-to-back, Rays beat Yankees 7-2 to cut AL East gap to 1 1/2 games

NEW YORK - Carl Crawford and Evan Longoria hit consecutive homers Wednesday night, and the Tampa Bay Rays feasted on a fallible New York bullpen after a long rain delay took some of the luster out of a key September game for a 7-2 victory over the Yankees ... (Source: Minneapolis Star Tribune 2010-09-23T12:15:24Z)

Comcast to push aside NBC Universal CEO Jeff Zucker, ending his long career at ...

NEW YORK (AP) — NBC Universal chief Jeff Zucker, who rose from a youthful producer at the "Today" show to run the multifaceted media business, said he would step down after cable provider Comcast takes ... (Source: Chicago Tribune 2010-09-24T19:38:01Z)

Brazil Stocks Open Higher, Bolstered By Petrobras Share Pricing

RIO DE JANEIRO (Dow Jones)--Brazilian stocks opened higher Friday as the market was boosted after pricing of a massive share offer by oil giant Petroleo Brasileiro SA (PBR, PETR4.BR), or Petrobras. The ... (Source: Wall Street Journal 2010-09-24T14:01:35Z)

Target announces plans to carry iPad

MINNEAPOLIS (AP) — Target Corp. says it will begin carrying four models of Apple Inc.'s iPad, starting at $499. The nation's second-largest discount chain says it will start selling the touch-screen tablet computer Oct. 3. The iPad will be covered ... (Source: Columbia Daily Tribune 2010-09-24T19:23:42Z)

Brazil oil company Petrobras aims at offshore reserves with $70B stock offer ...

BIG DEAL: Petroleo Brasileiro SA , or Petrobras, Brazil's state-run energy company, raised $70 billion through the sale of more than 4 billion common and preferred shares in Brazil and the U.S. BIG OIL ... (Source: Chicago Tribune 2010-09-24T18:19:17Z)

UN session seeks to kick-start stalled nuke talks

UNITED NATIONS -- U.N. Secretary-General Ban Ki-moon urged world governments on Friday to end the "long inertia" at the Geneva disarmament talks and free up much of the money spent on arms for use alleviating hunger, disease and other ills in impoverished ... (Source: Washington Post 2010-09-24T20:06:39Z)

Target to add more groceries, offer iPad for holidays

Target Corp. is beefing up its competition with Wal-Mart Stores Inc. and will add fresh food sections to more than half of its 1,500 stores by the end of next year, according to a Reuters report. Target (NYSE: TGT) also confirmed it will start offering ... (Source: Business Courier 2010-09-24T18:04:58Z)

Late Fees: Blockbuster Files For Bankruptcy

Troubled video-rental chain Blockbuster Inc. filed for Chapter 11 bankruptcy protection, and said it plans to keep stores and kiosks open as it reorganizes. The move, long expected and pre-arranged with bondholders ... (Source: NPR News 2010-09-24T09:58:12Z)

At high-level meeting on disarmament, UN's Ban urges end to 'long inertia' at ...

U.N. Secretary - General Ban Ki-moon is urging world governments to end the "long inertia" at the Geneva disarmament talks and free up much of the money spent on arms for use alleviating hunger, sickness and other ... (Source: Canada East 2010-09-24T12:35:41Z)

4th man sues Ga. megachurch pastor Bishop Eddie Long

ATLANTA (AP) — A fourth young male member of Bishop Eddie Long's megachurch says the prominent pastor coerced him into a sexual relationship. Attorney B.J. Bernstein says she is filing a lawsuit Friday on behalf of a member of New Birth Charlotte. New ... (Source: Savannah Morning News 2010-09-24T19:59:30Z)

Target to begin selling iPad in October

Apple Inc. continued fortifying its leading position in the tablet computer market Friday when Target Corp. said it would begin offering the iPad at its 1,743 U.S. stores. The retailer will make the iPad available beginning Oct. 3.  The base price will ... (Source: Los Angeles Times 2010-09-24T18:12:07Z)

Boost for business clears Congress

WASHINGTON – The Democratic-controlled Congress on Thursday sent President Barack Obama a long-delayed bill to help struggling small businesses with easier credit and other incentives to expand and hire ... (Source: The Spokesman-Review 2010-09-24T06:59:15Z)

NHL suspends Blackhawks D Boynton for 1 game after throat-slashing gesture vs ...

CHICAGO – The NHL has suspended Chicago Blackhawks defenseman Nick Boynton for the regular-season opener for making a throat-slashing gesture during a preseason game against Tampa Bay. Boynton was given ... (Source: FOX News 2010-09-24T20:20:58Z)

Brazil's Real Closes Stronger on Petrobras Offer, US Data

RIO DE JANEIRO (Dow Jones)--The Brazilian real closed stronger against the U.S. dollar Friday, still buoyed by the massive share offer just completed by state-run energy giant Petroleo Brasileiro SA (PBR, PETR4.BR). Negative U.S. indicators also weighed ... (Source: Wall Street Journal 2010-09-24T20:28:08Z)

Atlanta megachurch Bishop Eddie Long denies sex with young men

A TLANTA — The prominent pastor of a 25,000-member megachurch near Atlanta denies allegations in a lawsuit that he coerced two young men from the congregation into a sexual relationship, his attorney said. Lawyers for the men, now 20 and 21, say they ... (Source: Boston Herald 2010-09-22T15:58:29Z)

Fourth Man to Sue Bishop Eddie Long

ATLANTA -- A fourth young male member of Bishop Eddie Long's megachurch says the prominent pastor coerced him into a sexual relationship. Attorney B.J. Bernstein says she is filing a lawsuit Friday on behalf of Spencer LeGrande, a member of New Birth ... (Source: WXIA 11 Alive 2010-09-24T21:11:05Z)

Yankees beat Rays to extend AL East lead

New York -- Real fast, Nick Swisher and the New York Yankees got real comfortable against James Shields. Swisher homered to key a five-run burst in the first inning against Big Game James and the Yankees beat Tampa Bay 8-3 on Tuesday night, opening a 2 1/2 ... (Source: Detroit News 2010-09-22T08:06:03Z)

Debt, Changing Media Habits Topple Blockbuster

Now that Blockbuster has filed for bankruptcy protection, the question is whether the firm can reorganize and go on to live another day. Under the plan filed Thursday, the company cuts its debt by about $ ... (Source: NPR News 2010-09-24T18:26:26Z)

Blackhawks D Boynton suspended one game

Chicago Blackhawks defenseman Nick Boynton has been suspended for one game for making a throat-slashing gesture towards Tampa Bay center Blair Jones during Wednesday's preseason game. The obscene display ... (Source: Kansas City Star 2010-09-24T19:45:11Z)

NBC Universal CEO to leave when Comcast takes over

NEW YORK — NBC   Universal chief Jeff Zucker , who rose from a youthful producer at the Today show to run the multifaceted media business, said he would step down after cable provider Comcast takes control of the company later this year. Zucker, the ... (Source: USA Today 2010-09-24T21:11:05Z)

UN session seeks to kick-start 'sleeping conference' and cut off nuclear bomb material

UNITED NATIONS – UNITED NATIONS (AP) — U.N. Secretary-General Ban Ki-moon urged world governments on Friday to end the "long inertia" at the Geneva disarmament talks and free up much of the money spent on arms for use alleviating hunger, disease and ... (Source: FOX News 2010-09-24T12:50:00Z)

Congress to send small business bill to president

WASHINGTON — The Democratic-controlled Congress on Thursday sent President Barack Obama a long-delayed bill to help struggling small businesses with easier credit and other incentives to expand and hire new workers ... (Source: San Mateo Daily Journal 2010-09-24T11:02:38Z)

NHL suspends Blackhawks D Boynton for 1 game

CHICAGO—The NHL has suspended Chicago Blackhawks defenseman Nick Boynton for the regular-season opener for making a throat-slashing gesture during a preseason game against Tampa Bay. Boynton was given a ... (Source: San Jose Mercury News 2010-09-24T20:06:39Z)

Rays close to half-game behind Yankees in AL East

New York -- B.J. Upton and the Tampa Bay Rays knocked around CC Sabathia, took a few lumps of their own and left the Bronx with the confidence -- and schedule -- that could carry them to an AL East title. Upton and Carl Crawford each drove in two runs in a ... (Source: Detroit News 2010-09-24T17:07:42Z)

UPDATE 2-Hertz says not to raise offer for Dollar Thrifty

BANGALORE, Sept 24 (Reuters) - Hertz Global Holdings ( HTZ.N ) said on Friday it would not raise further its offer for Dollar Thrifty ( DTG.N ), a day after rival Avis Budget outbid it again in the battle ... (Source: Reuters 2010-09-24T16:24:45Z)

Zucker to leave NBC Universal after Comcast deal

Jeff Zucker said Friday he will be stepping down as president and CEO of NBC Universal Inc. when Comcast Corp. takes control of it. Zucker announced the news in a memo to employees of the General Electric Co. unit. In a memo to GE employees, that company ... (Source: Birmingham Business Journal 2010-09-24T20:20:58Z)

Hertz stays firm on Dollar Thrifty offer

Hertz Global Holdings said on Friday it would not raise further its offer for Dollar Thrifty, a day after rival Avis Budget outbid Hertz again in the battle for gaining control over the smaller car rental firm. In a statement, Hertz said its raised bid ... (Source: msnbc.com 2010-09-24T18:26:26Z)

Congress OKs small business incentives

The Democratic-controlled Congress on Thursday sent President Barack Obama a long-delayed bill to help struggling small businesses with easier credit and other incentives to expand and hire new workers. The $40 billion-plus bill is the last vestige of the ... (Source: Florida Today 2010-09-24T20:20:58Z)

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