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 28, 2010, 10:42 am

Southwest to buy AirTran for $1.4 billion

NEW YORK -- Southwest Airlines has agreed to buy AirTran in a $1.42 billion deal that will combine two of the nation's biggest discount carriers. The two airlines primarily overlap in the Baltimore and Orlando markets. Passengers traveling to and from ... (Source: San Jose Mercury News 2010-09-28T15:37:03Z)

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)

Unarmed Pregnant Woman Shot During Drug Raid

A pregnant, unarmed woman was shot during a drug raid in Spokane on Friday morning and she remained hospitalized late last night as investigators pieced together what happened in the county's third officer-involved shooting in four weeks. A Washington ... (Source: Reason.com 2010-09-27T14:55:18Z)

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)

Bill on outsourced jobs fails Senate test

WASHINGTON (CNNMoney.com) -- As expected, a Senate bill designed to end tax breaks for U.S. companies that move jobs and manufacturing plants overseas failed a key test vote Tuesday. With a 53-45 vote, Senate Republicans blocked a Democratic efforts to end ... (Source: CNN Money 2010-09-28T16:27:10Z)

GOP blocks effort to repeal tax breaks for job outsourcing

Senate Republicans blocked a Democratic bill Tuesday to end tax deductions enjoyed by companies that close their U.S. plants and move overseas. With a largely party-line vote of 53-45, Democrats failed to muster the 60 votes needed to clear a Republican ... (Source: Chicago Tribune 2010-09-28T16:48:38Z)

State patrol officer shoots pregnant unarmed woman shot during Spokane drug raid

A pregnant, unarmed woman was shot during a drug raid in Spokane on Friday morning and she remained hospitalized late last night as investigators pieced together what happened in the county's third officer-involved shooting in four weeks. A Washington ... (Source: Tacoma News Tribune 2010-09-25T13:38:55Z)

Stocks waver as investors take profits, see deals

Stocks took a pause from their big September rally on Monday as worries about the financial sector offset excitement over a fresh round of corporate dealmaking. With no major economic reports to drive trading, investors focused on individual stocks after ... (Source: AP - msnbc.com 2010-09-27T19:20:09Z)

RPT-DEALS-BHP, Sanofi, CVC show financing revival aids M&A

LONDON/NEW YORK, Sept 24 (Reuters) - Banks are more willing to lend for big takeovers by companies such as BHP Billiton Ltd ( BLT.L ), Sanofi-Aventis SA ( SASY.PA ) and CVC Capital Partners [CVC.UL], and with borrowing cheap, would-be buyers are seizing ... (Source: Reuters 2010-09-24T10:55:28Z)

Stocks are flat despite deal flurry

The last week of September is starting with a flurry of deals in airlines and personal-care products, but the deals aren't giving stocks overall much of a boost. The major averages were basically flat as the deal excitement was offset by weakness in health ... (Source: MSN Money 2010-09-27T18:44:21Z)

World's First Human-Powered Ornithopter Takes Flight [VIDEO]

Last month, a University of Toronto student brought one of Leonardo da Vinci's dreams to life by building (and flying!) a human-powered ornithopter capable of sustained flight. So... what's an ornithopter? Good question! Ornithopters are winged aircraft ... (Source: Reuters India 2010-09-28T14:46:57Z)

Ornithopter Achieves Leonardo Da Vinci Dream?

Leonardo Da Vinci would be proud: the Snowbird has flown. Centuries after the Renaissance inventor sketched a human-powered flying machine, Canadian engineering students say they have flown an engineless aircraft that stays aloft by flapping its wings like ... (Source: Post Chronicle 2010-09-27T12:39:17Z)

Indexes Flat as Investors Pause, Deals Cheer

NEW YORK (Reuters) - Stocks were little changed on Monday as investors took a break after a four-week rally, but a flurry of merger and acquisition news fed optimism. Defying September's track record of being the worst month for stocks, Wall Street was on ... (Source: ABC News 2010-09-27T20:53:12Z)

Republicans Seek to Derail Plan Restricting Drug Company Deals

Sept. 28 (Bloomberg) -- Republican senators are vowing to block a measure that would put limits on patent agreements between generic and brand-name drug companies, a practice that critics call pay-for-delay deals. "The bill would do serious violence ... (Source: BusinessWeek 2010-09-28T16:12:51Z)

Medvedev Fires Defiant Moscow Mayor

MOSCOW (Reuters) - Russian President Dmitry Medvedev on Tuesday abruptly sacked veteran Moscow mayor Yuri Luzhkov, a powerful political opponent who criticized the Kremlin and then defied pressure to resign. Luzhkov, 74, a pillar of the ruling United ... (Source: ABC News 2010-09-28T17:17:16Z)

Dmitry Medvedev Fires Defiant Moscow Mayor Yuri Luzhkov

Russian President Dmitry Medvedev on Tuesday abruptly sacked veteran Moscow mayor Yuri Luzhkov, a powerful political opponent who criticized the Kremlin and then defied pressure to resign. Luzhkov, a pillar of the ruling party, had ruled Russia's capital ... (Source: Post Chronicle 2010-09-28T11:40:50Z)

Dow closes down 48 points despite flurry of deals

NEW YORK - 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. Defying September's track record as the ... (Source: WHNT-TV 2010-09-27T21:00:22Z)

Dividend Deals Most Since 2007 as Leveraged Loans Heat Up: Credit Markets

Speculative-grade companies are borrowing to finance dividend payments to their private-equity firm owners at the fastest rate since before the credit crisis, taking advantage of investor demand for high relative yields. Banks arranged or started marketing ... (Source: Bloomberg 2010-09-28T00:27:57Z)

Official: President Jimmy Carter hospitalized in Cleveland

C LEVELAND — An airport spokeswoman in Cleveland says Jimmy Carter was taken off a plane by rescue crews and taken to a hospital. Jackie Mayo, a spokeswoman at Cleveland Hopkins International Airport, says the 85-year-old former president was a passenger ... (Source: Boston Herald 2010-09-28T17:24:26Z)

Tampa's airport expects growth from Southwest's purchase of AirTran

Tampa International's biggest airline wants to get bigger. Southwest Airlines announced Monday that 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 ... (Source: St. Petersburg Times 2010-09-28T12:59:34Z)

Too early to tell what Southwest-AirTran merger would mean for PHL

If Southwest Airlines Co. succeeds in closing its deal to buy AirTran Airways, the legendary discount fares and service Southwest is famous for could take hold in more Southeastern U.S. cities, and eventually could mean cheaper air tickets to Atlanta for ... (Source: Philadelphia Daily News 2010-09-28T13:21:03Z)

Pregnant woman shot

A pregnant, unarmed woman was shot during a drug raid in Spokane on Friday morning and she remained hospitalized late last night as investigators pieced together what happened in the county's third officer-involved shooting in four weeks. A Washington ... (Source: The Spokesman-Review 2010-09-25T07:05:13Z)

WATCH IT: Student Flies First Human-Powered Plane

YAHOO.COM - A Canadian university student has done what Leonardo da Vinci had only dreamt of: Piloted a human-powered "wing-flapping" plane! Called an ornithopter, and the inspiration for modern day helicopters, the machine was first sketched by da Vinci ... (Source: msnbc.com 2010-09-24T22:44:08Z)

Former President Jimmy Carter hospitalized in Ohio

An airport spokeswoman says former President Jimmy Carter has been hospitalized in Cleveland. Carter was a passenger on a commercial flight to Cleveland on Tuesday morning and became ill. Jackie Mayo, a spokeswoman at Cleveland Hopkins International ... (Source: Oregonian 2010-09-28T17:10:07Z)

Michigan State's Mark Dantonio plans to coach vs. Wisconsin Saturday

Michigan State football coach Mark Dantonio plans to coach his team Saturday, just two weeks after he suffered a mild heart attack, according to multiple media reports. Dantonio will be in coaching box above the field when his No. 24 Spartans take on No ... (Source: Sporting News 2010-09-28T16:34:19Z)

US indices flat as investors pause, deals cheer

NEW YORK: US stocks were little changed on Monday as investors took a break after a four-week rally, but a flurry of merger and acquisition news fed optimism. Defying September's track record of being the worst month for stocks, Wall Street was on track ... (Source: Economic Times 2010-09-27T19:41:37Z)

Dantonio plans to return for Spartans on Saturday

EAST LANSING, Mich. -- Michigan State's Mark Dantonio plans to be in a coaching box above the field Saturday when the No. 24 Spartans face No. 11 Wisconsin, just two weeks after he was hospitalized after a mild heart attack. Dantonio showed up at the team ... (Source: CBS Sports 2010-09-28T16:48:38Z)

Spartans' Mark Dantonio suffers heart attack

Michigan State Coach Mark Dantonio was hospitalized after suffering a mild heart attack shortly after the Spartans defeated Notre Dame in overtime, 34-31, Saturday night. A stent was inserted into a blocked blood vessel that leads to Dantonio's heart ... (Source: Washington Post 2010-09-18T23:55:41Z)

BREAKING NEWS: Former President Jimmy Carter Hospitalized In Ohio

CLEVELAND (AP) -  An airport spokeswoman in Cleveland says former President Jimmy Carter was taken off the plane by rescue crews and has been hospitalized. Jackie Mayo, a spokeswoman at Cleveland Hopkins International Airport, says the 85-year-old former ... (Source: msnbc.com 2010-09-28T17:17:16Z)

Dow drops 48 despite deal flurry

There was a flurry of deals or potential deals today to generate lots of chatter, but stocks sagged in the last hour of trading as profit-taking set in, particularly in financial stocks. As declines go, today's was modest -- less than a half percentage ... (Source: MSN Money 2010-09-28T10:29:15Z)

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