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 27, 2010, 4:39 am

Basketball Capsules: Nets GM Billy King still waiting to make a deal

EAST RUTHERFORD, N.J. (AP) — The New Jersey Nets' attempt to acquire Carmelo Anthony is in a holding pattern. A person close to the trade talks told The Associated Press on Sunday that the Nets are waiting for the Nuggets to sign off on a deal that would ... (Source: Brownsville Herald 2010-09-27T04:03:53Z)

Chrysler CEO Sergio Marchionne says share sale likely in '11

TURIN, Italy -- Chrysler CEO Sergio Marchionne said the automaker will probably sell shares publicly in the second half of 2011 after investors approved Fiat's plan to spin off its non-automotive industrial business. "I don't think it's the first part; I ... (Source: Detroit Free Press 2010-09-18T03:53:05Z)

Unilever to buy Alberto Culver for $3.7 billion

AMSTERDAM — Consumer products maker Unilever NV said Monday it has agreed to buy Alberto Culver Co., the Melrose Park-based maker of beauty products such as TRESemme, VO5 and Simple, for $3.7 billion in a management-backed deal. Unilever, which makes ... (Source: Chicago Sun-Times 2010-09-27T10:44:45Z)

Kentucky changing identity of basketball team

LEXINGTON, Ky. (AP) - University of Kentucky basketball coach John Calipari sees his team's image changing for the 2010-11 season. Calipari says freshman forward Terrence Jones, who's recovering from a rib injury, has returned to workouts in a limited ... (Source: 14 WFIE 2010-09-26T21:51:40Z)

American woman freed by Iran after bail deal

TEHRAN, Iran (AP) — In just a few dizzying hours, American Sarah Shourd exchanged a cell in Tehran's Evin Prison for a private jet crossing the Persian Gulf on Tuesday, after an apparent diplomatic deal to cover a $500,000 bail and secure a release that ... (Source: Times Union 2010-09-15T03:56:39Z)

Romanian govt in uproar amid protests over austerity measures; interior minister resigns

BUCHAREST, ROMANIA — The Romanian government was in an uproar Monday over austerity protests — the interior minister resigned, the opposition demanded the prime minister go as well and top police officials held emergency talks with the president. The ... (Source: Washington Examiner 2010-09-27T11:27:42Z)

Fiat Worker's 7 Cars a Year Impair Europe Efficiency

(Updates with share performance in 22nd paragraph.) Sept. 27 (Bloomberg) -- General Motors Co.'s 1,300 workers in Antwerp, Belgium, are fighting for their jobs, hoping for a white knight to rescue the factory from closure. "We're trying to find an ... (Source: BusinessWeek 2010-09-27T08:43:04Z)

Romania needs to borrow $7.9 billion in 2011, will sign new IMF deal in 2011

BUCHAREST , Romania (AP) — Romania needs to borrow almost euro6 billions ($7.9 billion) next year to cover its budget deficit and plans to sign a new deal with the International Monetary Fund in 2011 to shore up the ailing economy, the president said. On ... (Source: Chicago Tribune 2010-09-22T10:43:31Z)

Sports in brief: Nets working to obtain Carmelo Anthony from Nuggets

EAST RUTHERFORD, N.J. — The Nets' attempt to acquire Carmelo Anthony is in a holding pattern. The Nets are waiting for the Nuggets to sign off on a deal that would bring Anthony to New Jersey, and also involve Charlotte and Utah, the Associated Press ... (Source: St. Petersburg Times 2010-09-27T03:28:06Z)

Wal-Mart Seeks to Enter Africa With $4.6 Billion Deal

(Updates transaction value in second paragraph, adds analyst's comment in fourth, Andy Bond's comments in eighth.) Sept. 27 (Bloomberg) -- Wal-Mart Stores Inc., the world's largest retailer, plans to buy Massmart Holdings Ltd. in a transaction worth ... (Source: BusinessWeek 2010-09-27T10:23:17Z)

Report: Unilever nears deal to buy suburbs' Alberto Culver

NEW YORK -- Consumer products giant Unilever PLC is nearing a deal to buy hair-care products maker Alberto Culver Co. as it continues to expand its personal care business, according to a published report. The Dutch conglomerate is in advanced talks with ... (Source: Arlington Heights Daily Herald 2010-09-27T05:08:19Z)

Wal-Mart Offers To Buy South African Retailer

BENTONVILLE, Ark. -- Wal-Mart Stores, Inc. said Monday it offered to buy South African retailer Massmart Holdings Ltd. for approximately $4.25 billion. A deal would give the world's largest retailer an opening to expand in Africa, a fast-growing region ... (Source: KHBS 2010-09-27T11:13:23Z)

Union, state of Illinois reach deal that could bar government layoffs for nearly 2 years

SPRINGFIELD, Ill. (AP) — Gov. Pat Quinn has reached a deal with a major union that could save the Illinois government between $50 million and $100 million while barring layoffs of most state employees, both sides said Monday. Under the agreement, the ... (Source: Los Angeles Times 2010-09-21T01:19:12Z)

In new calm, USOC can attack pressing issues

COLORADO SPRINGS -- Congressional intervention after a scandal involving both the volunteer and salaried leaders of the U.S. Olympic Committee led to a complete reorganization of the USOC's governance in 2003 and 2004. An internecine power struggle last ... (Source: Chicago Tribune (blog) 2010-09-26T01:41:55Z)

KKR buys Visma for £1.2b

LONDON: Buyout firm Kohlberg Kravis Roberts has bought Norway software company Visma for an enterprise value of £1.2 billion from private equity firm HgCapital, the companies said on Sunday. HgCapital, which will retain a 17.7 per cent stake in Visma ... (Source: Business Times Malaysia 2010-09-26T18:24:04Z)

Freed American resting in Oman after bail deal

MUSCAT, Oman (AP) American Sarah Shourd rested Wednesday in Oman's capital on her first full day of freedom following a surprise bail deal with Iran that secured her release after more than 13 months in custody. U.S. and Omani officials said it was unclear ... (Source: msnbc.com 2010-09-15T16:13:57Z)

Romania needs to borrow $7.9 billion in 2011

Romania needs to borrow almost €6 billions ($7.9 billion) next year to cover its budget deficit and plans to sign a new deal with the International Monetary Fund in 2011 to shore up the ailing economy, President Traian Basescu said. On Wednesday, at ... (Source: AP - msnbc.com 2010-09-22T16:12:48Z)

Wal-Mart offers to buy Massmart

BENTONVILLE, Ark. (AP) — Wal-Mart-Stores Inc. says it has offered to buy South African retailer Massmart Holdings Ltd. for approximately $4.25 billion. A deal would give the world's largest retailer an opening to expand in Africa, a fast-growing region ... (Source: KOKI FOX 23 2010-09-27T11:06:14Z)

Fiat may sell part of Ferrari unit, report says

MILAN — Italian automaker Fiat is considering listing part of its sports car unit Ferrari to raise cash in order to increase its stake in U.S. carmaker Chrysler, Il Corriere della Sera said on Sunday. Citing information gathered at Fiat's Turin ... (Source: msnbc.com 2010-09-26T22:48:55Z)

Calipari confident Enes Kanter will play for Wildcats

LOUISVILLE (AP) — Kentucky coach John Calipari believes that freshman center Enes Kanter is an amateur and that Turkish club officials have "four million reasons" why they want him to return to Europe. The NCAA is reviewing Kanter's status, though ... (Source: USA Today 2010-09-24T21:39:43Z)

HgCapital profits on sale of Norway's Visma

HgCapital 's focus on the corporate software sector has paid off after the UK private equity group made big profits on the NKr11bn ($1.87bn) sale of Visma, the Nordic software group, to its US buy-out rival Kohlberg Kravis Roberts. Visma, which was taken ... (Source: Financial Times 2010-09-26T17:12:29Z)

Union reaches deal with Ill. to avoid government layoffs

Gov. Pat Quinn has reached a deal with a major union that could save the Illinois government between $50 million and $100 million while barring layoffs of most state employees, both sides said Monday. Under the agreement, the state won't cut jobs or close ... (Source: St. Louis Post-Dispatch 2010-09-21T23:30:39Z)

IOC official says financial deal with USOC heralds 'new era' in relations

LONDON (AP) -- The resolution of a key financial dispute heralds the "start of a new era" in relations between the U.S. and international Olympic committees and should help rebuild the American body's global standing, a senior IOC member said Friday. The U ... (Source: Associated Press 2010-09-09T23:59:12Z)

Union reaches deal with Ill. to avoid layoffs

Gov. Pat Quinn has reached a deal with a major union that could save the Illinois government between $50 million and $100 million while barring layoffs of most state employees, both sides said Monday. Under the agreement, the state won't cut jobs or close ... (Source: AP - msnbc.com 2010-09-21T01:12:03Z)

European Stocks Set To Edge Higher

(RTTNews) - European stocks may see further upside on Monday, adding to Friday's sharp gains, with a weaker dollar, firm oil prices and easing concerns over a slowdown of the U.S. economy improving investor risk appetite. Asian stocks gained on Monday ... (Source: RTT News 2010-09-27T06:27:03Z)

Nets still waiting on Nuggets' answer

EAST RUTHERFORD, N.J. (AP) -- The New Jersey Nets' attempt to acquire Carmelo Anthony is in a holding pattern. A person close to the trade talks told The Associated Press on Sunday that the Nets are waiting for the Nuggets to sign off on a deal that would ... (Source: NBA 2010-09-27T10:59:04Z)

Freed American plans medical visit in Oman after bail deal cut with Iran

MUSCAT, Oman - American Sarah Shourd planned a medical exam Wednesday for the first appraisal of her health after more than 13 months in an Iranian prison, said Omani officials after the country's rulers mediated a deal for $500,000 bail to win her release ... (Source: Minneapolis Star Tribune 2010-09-15T14:05:06Z)

Nets GM Billy King still waiting to make a deal

The New Jersey Nets' attempt to acquire Carmelo Anthony is in a holding pattern.A person close to the trade talks told The Associated Press on Sunday that the Nets are waiting for the Nuggets to sign off on a deal that would bring Anthony to New Jersey and ... (Source: msnbc.com 2010-09-27T09:40:20Z)

USOC board gets look at task force recommendations for safe training environment

COLORADO SPRINGS, Colo. (AP) — The U.S. Olympic Committee passed a resolution Saturday to take a leadership role in promoting safe training environments for Olympic athletes. The board of directors approved the measure at its quarterly meeting after ... (Source: Chicago Tribune 2010-09-25T22:57:16Z)

Unilever paying $3.7 billion to acquire US-based beauty products maker Alberto Culver

AMSTERDAM (AP) — Consumer products maker Unilever NV said Monday it has agreed to buy Alberto Culver Co., the U.S. maker of beauty products such as TRESemme, VO5 and Simple, for $3.7 billion in a management-backed deal. Unilever, which makes Dove soaps ... (Source: Los Angeles Times 2010-09-27T08:35:54Z)

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