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 / September 25, 2010, 7:41 am

RPT-DEALS-Deals return in Q3, but outlook still cautious

PHILADELPHIA, Sept 24 (Reuters) - Buoyed by the busiest August in more than a decade, global mergers and acquisitions have risen 21 percent so far this year, with stable activity in the United States and growth in emerging markets offsetting a drop in ... (Source: Inside Fidelity 2010-09-24T11:09:47Z)

Washington REIT launches debt buyback offers

ROCKVILLE, Md. Washington Real Estate Investment Trust said Thursday it has launched two offers to buy back more than $275 million of senior notes due in 2011 and 2026. The first cash tender offer covers 5.95 percent senior notes due June 15, 2011, with ... (Source: BusinessWeek 2010-09-23T17:37:31Z)

1,500 museums across country offer free admission for Smithsonian Museum Day

WASHINGTON - More than 1,500 museums across the country are opening their doors for free as part of Smithsonian magazine's sixth annual Museum Day. About 90 museums that are participating have a partnership with the Smithsonian Institution to show ... (Source: Minneapolis Star Tribune 2010-09-25T13:31:46Z)

Deals rise by 21% in Q3, but outlook still cautious

So far this year, worldwide M&A has totaled $1.678 trillion, up 21% from a year ago, according to preliminary data from Thomson Reuters Philadelphia: Buoyed by the busiest August in more than a decade, global mergers and acquisitions have risen 21% so far ... (Source: Livemint.com 2010-09-24T05:04:43Z)

Goldman, Morgan Stanley Diverge on Junk Bonds: Credit Markets

Sept. 23 (Bloomberg) -- Morgan Stanley says investors should buy the lowest-rated corporate debt, while Goldman Sachs Group Inc. says stay away, underscoring the dilemma faced by investors as junk-bond prices rise to the highest since 2007. Bonds graded ... (Source: BusinessWeek 2010-09-23T09:59:23Z)

Vizada and Diginonymous Team Up to Offer Low-Cost, Secure Multi-Media Collaboration Tool for Use Over ...

WASHINGTON, DC--(Marketwire - 09/23/10) - Vizada, the world's largest independent provider of satellite communications, has reached an agreement with Diginonymous, LLC to become a Global Distributor of the company's powerful software-based multi-media ... (Source: Yahoo Finance 2010-09-23T12:08:14Z)

Washington REIT launches $250 million debt offer

ROCKVILLE, Md. Washington Real Estate Investment Trust said Thursday it has launched an offer to sell $250 million in senior unsecured notes due in 2020. The offering was made under Washington REIT's shelf registration with the Securities and Exchange ... (Source: BusinessWeek 2010-09-23T18:41:57Z)

MUSEUM DAY: 1,500 US museums offer free admission Saturday

WASHINGTON — More than 1,500 museums across the country are opening their doors for free as part of Smithsonian magazine's sixth annual Museum Day. About 90 museums that are participating have a partnership with the Smithsonian Institution to show ... (Source: Delaware Wave 2010-09-25T13:24:36Z)

IMAX Signs Theatre Deal in Russia

NEW YORK, Sept. 23, 2010 (GLOBE NEWSWIRE) -- On the heels of last week's announcement in Kazakhstan and building on the momentum of the expanding IMAX(R) theatre network in Russia and The Commonwealth of Independent States (CIS), IMAX Corporation (NASDAQ ... (Source: Marketwatch 2010-09-23T13:12:40Z)

Target takes measure of remodeling

MINNEAPOLIS (MarketWatch) — Target Corp. knew what it was up against. The worst economic slump in a generation and cutthroat competition among the nation's giant discounters called for a drastic overhaul of its stores. In an initiative that began last ... (Source: MENAFN 2010-09-25T09:49:52Z)

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)

Hertz Declares Its Dollar Thrifty Bid 'Best and Final'

Hertz Global Holdings is standing by its deal to acquire the Dollar Thrifty Automotive Group , even after the Avis Budget Group unveiled on Thursday what it described as a significantly higher offer. Almost two weeks ago, Dollar Thrifty agreed to a revised ... (Source: New York Times Blogs 2010-09-24T22:58:27Z)

JPM strength in crisis boosts M&A business

NEW YORK (Reuters) - JPMorgan Chase and Co ( JPM.N ) is making the traditional top two in the worldwide rankings of deal advisors -- Goldman Sachs Group Inc ( GS.N ) and Morgan Stanley ( MS.N ) -- fight hard to keep their dominance. In fact, the bank led ... (Source: Reuters 2010-09-24T10:26:50Z)

Transition Therapeutics to Hold Conference Call on Fiscal 2010 Year End Financial Results on ...

TORONTO, Sept. 24, 2010 (GLOBE NEWSWIRE) -- Transition Therapeutics Inc. ("Transition" or the "Company") (Nasdaq:TTHI) (TSX:TTH) will hold a conference call on Monday, September 27, 2010 at 4:30 P.M. EDT to discuss Fiscal 2010 year-end financial results ... (Source: msnbc.com 2010-09-24T21:11:05Z)

Brazil's huge oil reserves fuel largest-ever share offer

SAO PAULO, Brazil - The exploration and production of Brazil's huge offshore oil reserves is the driving force behind the globe's biggest-ever share offering. Petroleo Brasileiro SA, or Petrobras, the nation's state-run energy company, raised $70 billion ... (Source: Philadelphia Daily News 2010-09-25T07:12:23Z)

JetBlue signs deal for satellite onboard Wi-Fi

NEW YORK — JetBlue said Wednesday it signed a deal to install satellite broadband Internet and TV service on its fleet of 160 planes. The airline is partnering with telecommunications company ViaSat Inc. to begin installing the service by the end of 2012 ... (Source: Austin American-Statesman 2010-09-22T18:21:39Z)

JetBlue signs deal for satellite onboard Wi-Fi for all planes in fleet

NEW YORK (AP) — JetBlue said Wednesday it signed a deal to install satellite broadband Internet and TV service on its fleet of 160 planes. The airline is partnering with telecommunications company ViaSat Inc. to begin installing the service by the end of ... (Source: Chicago Tribune 2010-09-22T16:19:58Z)

Target to roll out small-box stores

After decades as a big-box retailer, Target Corp. is starting to embrace the idea of smaller, urban stores. So is it eyeing one for downtown St. Paul? The short answer: perhaps. The Minneapolis-based discounter said Friday that it hopes to build mini ... (Source: TradingMarkets.com 2010-09-25T07:05:13Z)

JDSU Teams With smartTECH to Offer Ground-Breaking Solution for Optimization of Radio Access Networks

MILPITAS, CA--(Marketwire - 09/13/10) - JDSU (NASDAQ: JDSU - News ) (TSX: JDU - News ) today announced it is closely collaborating with smartTECH to offer wireless service providers and network equipment manufacturers an industry-unique solution that ... (Source: Yahoo Finance 2010-09-13T12:41:34Z)

Deals return in Q3, but outlook still cautious

By Jessica Hall PHILADELPHIA (Reuters) - Buoyed by the busiest August in more than a decade, global mergers and acquisitions have risen 21 percent so far this year, with stable activity in the United States and growth in emerging markets offsetting a drop ... (Source: msnbc.com 2010-09-24T09:15:15Z)

Washington Real Estate Investment Trust launches buyback offers for notes due in 2011, 2026

ROCKVILLE, MD. — Washington Real Estate Investment Trust said Thursday it has launched two offers to buy back more than $275 million of senior notes due in 2011 and 2026. The first cash tender offer covers 5.95 percent senior notes due June 15, 2011 ... (Source: San Francisco Examiner 2010-09-23T17:51:50Z)

RPT-DEALS-QUOTEBOX-Top dealmakers on 3rd-quarter M&A

NEW YORK, Sept 23 (Reuters) - Global mergers and acquisition volumes totaled $1.678 trillion in the third quarter -- the best quarter for M&A in a year. Volumes were particularly high in the energy and power sector, which accounted for around 20 percent of ... (Source: Finanz Nachrichten 2010-09-24T11:09:47Z)

1,500 US museums offer free admission Saturday

More than 1,500 museums across the country are opening their doors for free as part of Smithsonian magazine's sixth annual Museum Day. About 90 museums that are participating have a partnership with the Smithsonian Institution to show artifacts on loan ... (Source: AP - msnbc.com 2010-09-25T09:21:14Z)

Petrobras raises $70B in offer, world's largest

The exploration and production of Brazil's massive offshore oil reserves is the driving force behind the globe's biggest-ever share offering. Petroleo Brasileiro SA, or Petrobras, the South American nation's state-run energy company, raised $70 billion ... (Source: AP - msnbc.com 2010-09-24T20:28:08Z)

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)

JetBlue to offer inflight Wi-Fi by 2012

JetBlue Airways Corp. plans to outfit its fleet of 160 planes with inflight Internet access starting in mid-2012, the airline said Wednesday. The Wi-Fi system will be provided by ViaSat Inc. , a Carlsbad, Calif., telecommunications company. Neither JetBlue ... (Source: Los Angeles Times 2010-09-22T20:23:21Z)

Brazil oil company Petrobras aims at offshore reserves with $70B stock offer, world's largest

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: The money will fund Petrobras' ambitious $224 billion ... (Source: Chicago Tribune 2010-09-24T18:19:17Z)

AccessKey IP Public Disclosure

ALBUQUERQUE, NM--(Marketwire - September 24, 2010) - AccessKey IP, Inc. ( PINKSHEETS : AKYI ) issued the following statement today which reads as follows: It is with regret that I report to our Shareholders that the company was informed our former ... (Source: Market Wire 2010-09-24T15:56:07Z)

Avis Shakes Up Hertz-Dollar Thrifty Deal

Not taking "non-negotiable and final" for an answer, Avis strikes back in rental car bidding war. The offer comes a few weeks after Dollar Thrifty and Hertz announced they had agreed on a deal worth $1.4 billion, or $50 per share, at the time was believed ... (Source: Forbes 2010-09-23T17:23:12Z)

Hudson Highland Group to Present at CL King's Best Ideas Conference

NEW YORK, Sept. 14, 2010 (GLOBE NEWSWIRE) -- Hudson Highland Group, Inc. (Nasdaq: HHGP - News ), one of the world's leading providers of permanent recruitment, contract professionals and talent management solutions, today announced that the company will ... (Source: Yahoo Finance 2010-09-14T10:02:54Z)

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