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, 8:42 am

US STOCKS SNAPSHOT-Wall St ticks down after 4-week run-up

NEW YORK, Sept 27 (Reuters) - U.S. stocks ticked lower at the open on Monday as investors paused to assess four straight weeks of gains on Wall Street and a flurry of acquisition deals. The Dow Jones industrial average .DJI dropped 15.14 points, or 0.14 ... (Source: Reuters 2010-09-27T13:36:33Z)

Embroiled megachurch pastor Bishop Eddie Long tells congregation he will fight sex allegations ...

LITHONIA, Ga. — Many followers of embattled Baptist megachurch leader Bishop Eddie Long remained unwavering in their support as their pastor vowed to fight like David versus Goliath against claims he lured four young men into sex. Casting himself as the ... (Source: Everything Alabama Blog 2010-09-27T13:29:24Z)

8 shot, 1 fatally, at L.A. house party

LOS ANGELES (AP) — Eight people were shot — one fatally — and another three stabbed Saturday after a fight broke out at a birthday party, authorities said. One man, Steven Lopez, 22, died at the scene and two other gunshot victims were taken to ... (Source: USA Today 2010-09-26T10:17:18Z)

UPDATE 3-Russia prepares to open oil pipeline to China

BEIJING, Sept 27 (Reuters) - Russia and China took a step toward a closer energy relationship on Monday as they prepared to open a pipeline that will bring Siberian crude oil to China, but failed to finalise pricing for a similar pipeline for gas. Russia ... (Source: Reuters 2010-09-27T12:03:30Z)

Unilever to acquire St. Ives and VO5 manufacturer Alberto Culver for $3.7 billion

MELROSE PARK, ILLINOIS (BNO NEWS) — Unilever has acquired Alberto Culver Company (ACC), which manufactures important beauty care brands such as TRESemme, Alberto VO5, and St. Ives, for approximately $3.7 billion, ACC said Monday. Along with the ... (Source: Thaindian.com 2010-09-27T14:48:08Z)

8 people shot, 3 stabbed, 1 dead at birthday party in LA's Boyle Heights neighborhood

LOS ANGELES — Eight people were shot — one fatally — and another three stabbed Saturday after a fight broke out at a birthday party, authorities said. One man, Steven Lopez, 22, died at the scene and two other gunshot victims were taken to County-USC ... (Source: San Francisco Examiner 2010-09-26T06:42:33Z)

The Coca-Cola Company Receives Regulatory Clearance For Coca-Cola Enterprises' North ...

(RTTNews) - The Coca-Cola Company (KO: News ) Monday announced that both the U.S. Federal Trade Commission and Canadian Competition Bureau cleared its proposed acquisition of the North American operations of Coca-Cola Enterprises (CCE: News ), subject to ... (Source: RTT News 2010-09-27T14:40:59Z)

FTC approves Coca-Cola's $3.4B bottler deal if it limits access to Dr Pepper information

WASHINGTON (AP) — Regulators have approved Coca-Cola 's $3.4 billion buyout of its largest North American bottler on the condition that the soft drink maker restrict its access to confidential competitive business information from rival Dr Pepper Snapple ... (Source: Los Angeles Times 2010-09-27T14:33:49Z)

Stocks tick lower at the open

NEW YORK (CNNMoney.com) -- U.S. stocks opened lower Monday, coming off sharp gains in the previous week, as investors digest a small flurry of corporate dealmaking. An upbeat mood has taken hold on Wall Street lately. U.S. stocks soared Friday, and are ... (Source: CNN Money 2010-09-27T13:43:43Z)

Wal-Mart offers to buy Massmart for $4.25B

Wal-Mart Stores Inc. is offering to buy South African retailer Massmart Holdings Ltd. for about $4.25 billion in a bid to jump-start growth beyond its sluggish U.S. business. A deal would give the world's largest retailer an opening to expand in South ... (Source: AP - msnbc.com 2010-09-27T15:09:37Z)

Unilever PLC nears deal to buy maker of Alberto VO5: report

AFP - Anglo-Dutch food and cosmetics giant Unilever PLC is nearing a deal to buy US-based Alberto Culver Co., the Wall Street Journal reported Sunday, citing people familiar with the matter. According to the Journal, the Melrose Park, Illinois-based ... (Source: France 24 2010-09-27T00:07:40Z)

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)

Southwest Airlines buying AirTran; Dayton impact unknown

Southwest Airlines' announcement Monday that it will buy AirTran Airways in a $1.42 billion marriage of low-fare carriers will ultimately bring the Southwest nameplate to Dayton for the first time. AirTran provides daily nonstop service from Dayton ... (Source: Dayton Daily News 2010-09-27T15:23:56Z)

Bishop Eddie Long | Aggressive tone in dealing with scandalous allegations

As Bishop Eddie Long vowed to fight allegations that he coerced four teen boys into sexual relationships, his wife, Vanessa Bishop Long, stood quietly by his side. The "Tammy Wynette" model is a staple of crisis management for the rich and powerful ... (Source: Atlanta Journal Constitution 2010-09-27T11:49:11Z)

China Focus: China, Russia look to "new era" of strategic relations

BEIJING, Sep 27, 2010 (Xinhua via COMTEX) -- Russian President Dmitry Medvedev Monday signed a series of political and commercial deals on his second state visit to China, a sign of closer strategic ties between the two world powers. Medvedev held talks ... (Source: Investors Business Daily 2010-09-27T15:31:05Z)

Japanese veteran Date Krumm beats defending champ Sharapova at Pan Pacific Open

TOKYO - Japanese veteran Kimiko Date Krumm rallied to beat defending champion Maria Sharapova 7-5, 3-6, 6-3 Monday in the first round of the Pan Pacific Open. Date Krumm, who is one day shy of her 40th birthday, broke the 23-year-old Russian to go up 5-3 ... (Source: Minneapolis Star Tribune 2010-09-27T13:58:02Z)

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)

Airlines Climb; JetBlue Up On Southwest-AirTran Deal

NEW YORK (Dow Jones)--Airline stocks got a lift Monday as two discounters agreed to merge, helping to further reduce remaining oversupply in the airways and giving other discounters, particularly JetBlue Airways Corp. (JBLU), more reason to cheer ... (Source: Wall Street Journal 2010-09-27T14:48:08Z)

Stocks edge lower as investors pocket profits

Stocks took a pause from their big September rally on Monday. With no major economic reports to drive trading, investors focused instead on individual stocks after a fresh round of corporate dealmaking in the airline, consumer products and retailing ... (Source: AP - msnbc.com 2010-09-27T15:02:27Z)

Eight Shot, Three Stabbed, One Dead at L.A. Party

(LOS ANGELES) — Eight people were shot — one fatally — and another three stabbed Saturday after a fight broke out at a birthday party, authorities said. One man, Steven Lopez, 22, died at the scene and two other gunshot victims were taken to County ... (Source: Time 2010-09-26T13:23:25Z)

Wal-Mart offers to buy South African retailer Massmart for $4.25B

BENTONVILLE, Ark. — Wal-Mart Stores Inc. is offering 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. ♦ Click ... (Source: Post-Crescent 2010-09-27T14:05:11Z)

Wall Street set to climb on news of deals

NEW YORK — Stock futures edged higher Monday on corporate dealmaking in the airline, consumer products and retailing segments. With no new economic reports to be released, investors turned their attention to individual companies for insight into the ... (Source: msnbc.com 2010-09-27T13:22:14Z)

Date Krumm deals Sharapova first-round exit at Pan Pacific

TOKYO -- Japanese veteran Kimiko Date Krumm rallied to beat defending champion Maria Sharapova 7-5, 3-6, 6-3 on Monday in the first round of the Pan Pacific Open. Date Krumm, who is one day short of her 40th birthday, broke the 23-year-old Russian to go up ... (Source: CBS Sports 2010-09-27T13:00:46Z)

More Bags Flying Free? Southwest Airlines Buying AirTran

PITTSBURGH -- Southwest Airlines has announced plans to buy rival AirTran for about $1.4 billion. The deal will expand the number of routes available from low-cost carrier, known for the unique style of its flight attendants and promoting its no-fee ... (Source: Pittsburgh Channel 2010-09-27T15:31:05Z)

Stocks poised for positive open

NEW YORK (CNNMoney.com) -- U.S. stock futures climbed early Monday, boosted by a flurry of deal activity and economic optimism. An upbeat mood has taken hold on Wall Street lately. U.S. stocks soared Friday, and are poised to end September with the ... (Source: CNN Money 2010-09-27T11:42:01Z)

Stocks set for sharp gains

LONDON (CNNMoney.com) -- U.S. stock futures climbed Monday morning, boosted by deal activity and economic optimism . An upbeat mood has taken hold on Wall Street lately. U.S. stocks soared Friday and are poised to end September with the biggest monthly ... (Source: CNN Money 2010-09-27T09:18:51Z)

Unilever snaps up Simple and VO5

Consumer goods giant Unilever today unveiled a deal worth £2.3bn to add VO5 shampoo and Simple soap to its line-up of hair and skin care products. Unilever, which already owns brands such as Dove, Sunsilk, Pond's and Vaseline, said the proposed ... (Source: nebusiness.co.uk 2010-09-27T10:44:45Z)

FTC OKs Coca-Cola bottler deal with conditions

Regulators have approved Coca-Cola Co.'s $3.4 billion buyout of the North American operations of its largest bottler on the condition that the soft drink maker restrict its access to business information from rival Dr Pepper Snapple Group Inc. The Federal ... (Source: AP - msnbc.com 2010-09-27T15:16:46Z)

Krumm beats defending champion Sharapova in Pan Pacific

TOKYO - Japan's Kimiko Date Krumm rallied to beat defending champion Maria Sharapova 7-5, 3-6, 6-3 on Monday in the first round of the Pan Pacific Open. Date Krumm, who is one day shy of her 40th birthday, broke the 23-year-old Russian to go up 5-3 in the ... (Source: TSN 2010-09-27T15:09:37Z)

Eddie Long: "I'm going to fight."

Bishop Eddie Long's steadfast vow to fight accusations of sexual coercion drew cheers from church members Sunday, but left some uncertain about the high-profile religious leader. Vino Wong, vwong@ajc.com A steady flow of traffic heads toward New Birth ... (Source: Atlanta Journal Constitution 2010-09-27T11:49:11Z)

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