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, 5:41 pm

Vincent Jackson not dealt by deadline

The San Diego Chargers have rejected several trade offers for wide receiver Vincent Jackson , letting the Wednesday deadline to trade him pass without making a deal. The NFL and the NFL Players Association had agreed to a 4 p.m. ET deadline for San Diego ... (Source: ESPN.com 2010-09-23T01:09:41Z)

Wal-Mart offers $4 billion for S.Africa's Massmart

JOHANNESBURG/LONDON (Reuters) - Wal-Mart is in talks to buy South Africa's Massmart, a $4 billion deal that would give the U.S. retailer a big presence in fast-growing Africa and boost its emerging markets strategy. The world's largest retailer has been ... (Source: Reuters 2010-09-27T15:23:56Z)

Steve Burke to replace Jeff Zucker as CEO of NBC Universal

Comcast and General Electric announced today that Chief Operating Officer Steve Burke will become the chief executive officer of NBC Universal upon the close of Comcast's purchase of the media company from GE. Burke, 52, will take over for  NBC ... (Source: Entertainment Weekly Online 2010-09-26T20:04:17Z)

Los Angeles area melts under record high temperatures

A post-summer heat wave brought searing temperatures across the Southland today, even setting a record high of 113 degrees in downtown Los Angeles. The record was set at 12:15 p.m., according to Stuart Seto of the National Weather Service in Oxnard. The ... (Source: Desert Sun 2010-09-27T22:40:35Z)

Wal-Mart proposes buying Massmart Holdings for $4.26 billion

NEW YORK — Wal-Mart Stores Inc. , the world's No. 1 retailer, proposed Monday to buy Massmart Holdings Ltd. for $4.26 billion in what would be its biggest deal in more than 10 years as it seeks entry into the rapidly growing African market. Massmart ... (Source: Los Angeles Times 2010-09-27T23:37:51Z)

Southwest Airlines to buy Orlando's AirTran

Tampa International's biggest airline wants to get bigger. Southwest Airlines announced Monday it had a deal to buy rival discount carrier AirTran Airways for $3.4 billion, including cash and debt. A larger Southwest will bring more competition and lower ... (Source: St. Petersburg Times 2010-09-27T23:30:41Z)

Holdout over: Marcus McNeill signs 1-year deal with Chargers

SAN DIEGO -- Chargers left tackle Marcus McNeill ended his holdout Saturday when he signed his one-year contract tender as a restricted free agent. However, he must sit out the next three games because he and wide receiver Vincent Jackson were placed on ... (Source: Detroit Free Press 2010-09-26T10:17:18Z)

Segway company owner dies after falling into river on the unique two-wheeler

LONDON – LONDON (AP) — A British businessman who last year bought the company that makes the two-wheeled Segway personal transporter has died in an accident on one of the vehicles. Police in West Yorkshire said Monday that 62-year-old James Heselden ... (Source: FOX News 2010-09-27T23:37:51Z)

JPMorgan in talks for RBS Sempra trading book: report

LONDON (Reuters) JPMorgan Chase <JPM.N> is the frontrunner to buy the remaining infrastructure of RBS Sempra Commodities <SRE.N>, the Financial Times said on Monday, citing people familiar with the deal. French bank Societe Generale <SOGN.PA> is among ... (Source: msnbc.com 2010-09-27T01:26:24Z)

PREVIEW-New Russian oil for Asia as Sakhalin field launches

OKHA, Russia, Sept 27 (Reuters) - An ExxonMobil-led ( XOM.N ) Russian group this week launches a new wave of output from the oil fields off the Pacific island of Sakhalin as the world's top oil producer moves to conquer fast growing Asian energy markets ... (Source: Reuters 2010-09-27T16:06:53Z)

Russia, China Sign Energy Deal

Beijing, China (AHN) – In what could boost strategic relations between two super powers, Russian President Dmitry Medvedev on Monday inked several commercial and political agreements during his meeting with Chinese leader Hu Jintao. The deals came during ... (Source: Gant Daily 2010-09-27T22:11:57Z)

JPMorgan Said to Lead in RBS Sempra Talks

JPMorgan Chase is the frontrunner to buy the remaining infrastructure of Royal Bank of Scotland 's RBS Sempra Commodities, The Financial Times reported, citing people familiar with the deal. Societe Generale , the French bank, is among those said to be ... (Source: New York Times Blogs 2010-09-27T11:27:42Z)

Beveridge Discusses China-Russia Energy Deals, Prices: Video

Sept. 27 (Bloomberg) -- Neil Beveridge, an analyst at Sanford C. Bernstein & Co. in Hong Kong, talks about energy cooperation between China and Russia. Russian President Dmitry Medvedev is on a three-day visit to China to diversify trade between the two ... (Source: Yahoo Finance 2010-09-27T01:26:24Z)

Los Angeles bakes at record 113 degrees

LOS ANGELES — California's blistering fall heat wave sent temperatures to an all-time record high of 113 degrees in downtown Los Angeles on Monday, and many sought refuge at the beach. Downtown hit 113 degrees for a few minutes at about 12:15 p.m ... (Source: msnbc.com 2010-09-28T00:20:48Z)

Stocks close down after 4-week rally

U.S. stocks slipped Monday as investors took a break from a four-week rally, but they remained optimistic the advance would resume as a flurry of deals suggested companies were seeing value in the market. The Dow Jones industrial average eased 48.22 points ... (Source: Los Angeles Times 2010-09-27T20:53:12Z)

JPMorgan in talks for RBS Sempra trading book - FT

LONDON, Sept 27 (Reuters) JPMorgan Chase ( JPM.N ) is the frontrunner to buy the remaining infrastructure of RBS Sempra Commodities ( SRE.N ), the Financial Times said on Monday, citing people familiar with the deal. French bank Societe Generale ( SOGN.PA ... (Source: Reuters 2010-09-27T01:19:15Z)

Stocks edge lower after 4 weeks of gains

NEW YORK - Stocks took a pause Monday from their September rally as worries about the financial sector offset excitement over corporate dealmaking. The Dow Jones industrial average lost 48 points in a late-day slide, but it's still up 8 percent for the ... (Source: AZCentral.com 2010-09-27T23:59:19Z)

Vincent Jackson's agent: Deals were in place but no trades were made for Chargers receiver

Holdout wide receiver Vincent Jackson remains the property of the San Diego Chargers despite his agent saying he had deals in place with several teams before Wednesday's deadline. Agent Neil Schwartz said he heard from multiple general managers, whom he ... (Source: Los Angeles Times 2010-09-22T22:25:02Z)

Wall Street Ends Lower Amid a Rush of Deals

Despite a rush of mergers, there was little in the way of fresh economic news to propel shares. Analysts said that as the quarter neared a close, some traders were looking to lock in gains that had given the broader market its best monthly performance ... (Source: New York Times 2010-09-28T00:20:48Z)

Chargers left tackle Marcus McNeill ends holdout, signs 1-year deal

SAN DIEGO (AP) — Chargers left tackle Marcus McNeill ended his holdout Saturday when he signed his one-year contract tender as a restricted free agent. However, he must sit out the next three games because he and wide receiver Vincent Jackson were placed ... (Source: Chicago Tribune 2010-09-26T08:51:24Z)

Southwest Airlines to Buy AirTran

Southwest Airlines Co. on Monday said it plans to buy U.S. discount rival AirTran Holdings Inc. for $1.4 billion, in a move that is likely to intensify pressure on network carriers on the U.S. East Coast. The deal promises to be transformational for Dallas ... (Source: Wall Street Journal 2010-09-28T00:20:48Z)

Chargers strike deal with LT Marcus McNeill

C hargers left tackle Marcus McNeill ended his holdout yesterday when he signed his one-year contract tender as a restricted free agent. However, he must sit out the next three games because he and wide receiver Vincent Jackson were placed on the roster ... (Source: Boston Herald 2010-09-26T05:30:58Z)

Southwest is buying AirTran airline for $1.4 billion

Southwest Airlines will buy AirTran Airways for $1.4 billion, giving it access to Atlanta, the nation's busiest airport. The airlines announced the deal Monday morning after discussing it since the spring. The acquisition also gives Dallas-based ... (Source: Houston Chronicle 2010-09-27T16:56:59Z)

Comcast's Burke to be chief of NBC Universal

Comcast Corp. 's second-in-command, Steve Burke, will become chief executive of NBC Universal when the merger of the entertainment assets of Comcast and General Electric Co. is complete, the two companies announced Sunday. Burke, 52, will succeed Jeff ... (Source: Chicago Tribune 2010-09-27T13:43:43Z)

Wide receiver Vincent Jackson remains property of Chargers

Holdout wide receiver Vincent Jackson remains the property of the San Diego Chargers despite his agent saying he had deals in place with several teams before Wednesday's deadline. Agent Neil Schwartz said he heard from multiple general managers that the ... (Source: Chicago Tribune 2010-09-21T23:59:17Z)

British owner of Segway dies while riding one of his scooters

A British businessman whose company makes the popular Segway upright "personal transporter" died when he rode one of the scooters over a cliff and into a river, it was confirmed Monday. Police in West Yorkshire said the body of Jimi Heselden, 62, was found ... (Source: St. Petersburg Times 2010-09-28T00:13:38Z)

Segway company owner dies after rolling into river

L ONDON — A British businessman who last year bought the company that makes the two-wheeled Segway personal transporter has died in an accident on one of the vehicles. Police in West Yorkshire said Monday that 62-year-old James Heselden and a Segway were ... (Source: Boston Herald 2010-09-27T22:40:35Z)

Los Angeles records hottest temperature ever

LOS ANGELES (AP) — The National Weather Service says downtown Los Angeles has recorded an all-time record high of 113 degrees as a heat wave bakes California. Weather forecaster Stuart Seto says the record high was reached about 15 minutes after noon ... (Source: USA Today 2010-09-27T20:38:53Z)

Wal-Mart pays $4.3B to expand in Africa

Wal-Mart (WMT) is looking to expand into South Africa, offering to purchase Massmart Holdings for $4.25 billion. The discount behemoth said on Monday it would pay $21.11 a share for Massmart, which operates 290 discount stores in 13 countries in sub ... (Source: MSN Money 2010-09-27T21:43:19Z)

Is Comcast Nearing an NBC Universal Deal?

Is Comcast Corp. ( CMCSA ) on the verge of getting regulatory approval to acquire a controlling stake in NBC Universal ( NBCU )? A r ecent change at the helm of NBCU indicates this. Yesterday, Comcast and General Electric Co. ( GE ) , the current owner of ... (Source: Seekingalpha.com 2010-09-27T18:22:53Z)

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