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, 3:42 am

World stock markets slide as Europe finance jitters offset flurry of corporate deals

BANGKOK — World stock markets sank Tuesday as renewed worries about the health of Europe's banks offset optimism from a flurry of corporate deal making. The lackluster performance in Asia and Europe followed a down session on Wall Street, where losses ... (Source: Washington Examiner 2010-09-28T08:56:12Z)

Airtran, Southwest Agrees To $1.4B Deal

U.S. discount carrier Southwest Airlines said Monday it had agreed to purchase AirTran Airways for $1.4 billion in cash and common stock. The deal values AirTran at $7.69 per share, a premium of 69 percent over the airline's closing share price on Friday ... (Source: Post Chronicle 2010-09-28T10:07:47Z)

Southwest Airlines bags rival AirTran

DALLAS - Leisure travelers turned Southwest Airlines Co. into a profit-making machine, but the acquisition of rival AirTran Airways shows how much Southwest is counting on business travelers to propel its growth in the future. The $1.42 billion deal ... (Source: Philadelphia Daily News 2010-09-28T07:01:40Z)

Lehman Brothers art auctioned off in NYC

Lehman Brothers may have blundered its way to disaster on Wall Street, but at least the bank's art curators knew what they were doing. An auction of contemporary artworks held by the failed investment firm and its former subsidiary, Neuberger Berman ... (Source: AP - msnbc.com 2010-09-25T22:14:19Z)

Brazilian Coffee Traders Await Rain Amid Few Sales

SAO PAULO (Dow Jones)--Brazilian coffee traders are waiting for rain as a long, dry period has slowed trading. There hasn't been heavy rain for over 100 days in Brazil's coffee-growing region, said a Rio de Janeiro-based broker. "We need consistent rain ... (Source: Wall Street Journal 2010-09-17T22:02:20Z)

Just what Doc ordered: Halladay, Werth help Phillies beat Nationals 8-0 to clinch NL East

WASHINGTON (AP) — The Philadelphia Phillies are the NL East champions for the fourth consecutive year and, fittingly, Roy Halladay helped seal the deal this time with a two-hitter. Halladay earned his 21st win with his fourth shutout and ninth complete ... (Source: Chicago Tribune 2010-09-28T02:51:07Z)

World markets slide as bank worries offset deals

BANGKOK (AP) -- World stock markets sank Tuesday as renewed worries about the health of Europe's banks offset optimism from a flurry of corporate deal making. The lackluster performance in Asia and Europe followed a down session on Wall Street, where ... (Source: Yahoo Finance 2010-09-28T08:41:53Z)

Southwest Airlines To Acquire AirTran; No Service Changes For Bradley Announced Yet

Southwest Airlines , one of the top air carriers at Bradley International Airport , has agreed to acquire the parent company of AirTran Airways in a deal worth nearly $3.5 billion. The airlines did not immediately announce anticipated service changes from ... (Source: Hartford Courant 2010-09-27T18:01:24Z)

Southwest's bid to buy AirTran could bump US Airways as dominant carrier

Southwest Airlines could knock US Airways off its long-held perch as the region's dominant carrier with its proposed $3.4 billion acquisition of AirTran Airways. In Pittsburgh, the acquisition, announced Monday, also could reduce the number of nonstop ... (Source: Pittsburgh Post-Gazette 2010-09-28T04:17:01Z)

LDK Solar Agrees to Borrow $8.9 Billion for Expansion

Sept. 27 (Bloomberg) -- LDK Solar Co. , a Chinese solar wafer maker whose shares have risen more than 80 percent this quarter, agreed to borrow as much as 60 billion yuan ($8.9 billion) from China Development Bank to help fund its expansion. The 5-year ... (Source: Bloomberg 2010-09-28T10:14:56Z)

China, Russia call for increased efforts in Asia-Pacific security: joint statement

BEIJING, Sept. 28 (Xinhua) -- China and Russia have called on Asian and Pacific countries to step up efforts to maintain regional security and stability amid mounting threats and challenges in the Asia-Pacific region. China and Russia made the call in a ... (Source: Xinhua News Agency 2010-09-28T10:22:06Z)

Rousseff Confidence Spurs Record Corporate Sales: Brazil Credit

Sept. 27 (Bloomberg) -- Brazilian companies are selling a record $8.7 billion of international bonds this month in a sign investors are confident President Luiz Inacio Lula da Silva's successor will continue his economic policies. Sales by Vale SA, the ... (Source: BusinessWeek 2010-09-27T14:33:49Z)

Phillies win NL East

The Philadelphia Phillies are the NL East champions for the fourth consecutive year and, fittingly, Roy Halladay helped seal the deal this time with a two-hitter. Halladay (21-10) pitched his fourth shutout and ninth complete game, and Jayson Werth drove ... (Source: Raleigh News & Observer 2010-09-28T09:31:59Z)

Wal-Mart offers to buy South African-based Massmart for $4.25 billion

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: Kansas City Star 2010-09-28T07:23:08Z)

UPDATE 1-LDK Solar signs $8.95 bln loan deal with CDB

Sept 27 (Reuters) - Chinese solar wafer maker LDK Solar Co Ltd ( LDK.N ) said it has signed a 60 billion yuan ($8.95 billion) credit agreement with China Development Bank (CDB) to support the company's long-term growth initiatives and corporate development ... (Source: Reuters 2010-09-27T07:52:57Z)

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)

Brazil Petrobras To Give Price For World's Largest Share Sale

RIO DE JANEIRO (Dow Jones)--Brazilian state-run energy giant Petroleo Brasileiro (PBR, PETR4.BR), or Petrobras, will unveil the price of the world's largest share offer Thursday, as it seeks to double oil production over the next five years. Market ... (Source: Wall Street Journal 2010-09-22T19:33:14Z)

LDK Solar Jumps 7% On $8.9 Billion China Development Bank Financing (LDK)

9/27/2010-Chinese solar wafer maker LDK Solar ( NYSE:LDK ) rose 7% to $8.85 in pre-market trading after it received $8.9 billion in financing from China Development Bank Corp. LDK Solar said the deal will enable it to "pursue our long-term growth strategy ... (Source: Comtex Smartrend 2010-09-27T11:49:11Z)

Wal-Mart buys into South Africa in $4.6 billion deal

Wal-Mart Stores Inc., the world's largest retailer, plans to buy Massmart Holdings Ltd. in a transaction worth about $4.6 billion, entering Africa in its biggest deal in more than a decade. Wal-Mart's proposed offer is $21.10 for South Africa's second ... (Source: Pittsburgh Tribune-Review 2010-09-28T03:55:33Z)

Southwest to buy Airtran in $1.4 billion deal

In an announcement that stunned the industry, Southwest Airlines announced  it has entered into a definitive agreement to acquire AirTran Holdings, Inc. for a combination of cash and Southwest Airlines' common stock valued at $1.4 billion. Southwest is ... (Source: Cecil Whig 2010-09-28T07:44:37Z)

Sotheby's Sale of Lehman Brothers Collection Totals $12.3 Million

LONDON.- Sotheby's sale of selected works from the distinguished Neuberger Berman and Lehman Brothers Corporate Art Collections brought a total of $12,277,751 today, reaching the high estimate ($8/12 million). Seventeen auction records were set for ... (Source: Art Daily 2010-09-28T05:21:27Z)

Asian stock markets mixed as Europe finance jitters offset flurry of corporate deals

BANGKOK - Asian stock markets were mixed Tuesday as renewed worries about the health of Europe's banks offset optimism from a flurry of corporate deal making. The region's lacklustre performance followed a down session on Wall Street, where losses were led ... (Source: St. John's Telegram 2010-09-28T06:47:21Z)

China, Russia condemn attempts to falsify WWII history

BEIJING, Sept. 28 (Xinhua) -- China and Russia have condemned attempts to falsify the history of the Second World War (WWII), warning the move might sow hostility among states and nations. The condemnation is expressed in a joint statement on the 65th ... (Source: Xinhua News Agency 2010-09-28T10:07:47Z)

BASEBALL NOTEBOOK: Phillies make it 4 NL East titles in row

The Philadelphia Phillies are the National League East champions for the fourth consecutive season, and Roy Halladay helped seal the deal this time with a two-hitter. Halladay earned his 21st victory with his fourth shutout and ninth complete game -- all ... (Source: Chicago Sun-Times 2010-09-28T04:59:58Z)

Dodger CFO testifies at McCourt divorce trial; closing arguments expected Wednesday

LOS ANGELES - Attorneys for Frank and Jamie McCourt will get one last chance Wednesday to tell a judge in the couple's divorce trial why their client should be the owner of the Los Angeles Dodgers. After 10 days of testimony, Superior Court Judge Scott ... (Source: Minneapolis Star Tribune 2010-09-28T09:31:59Z)

Art treasures of the failed bank Lehman Brothers auctioned off in NYC

NEW YORK - Lehman Brothers may have blundered its way to disaster on Wall Street, but at least the bank's art curators knew what they were doing. An auction of contemporary artworks held by the failed investment firm and its former subsidiary, Neuberger ... (Source: Minneapolis Star Tribune 2010-09-25T22:21:29Z)

Jamie McCourt Thought Dodgers Deal Was Risky, Finance Chief Says

Sept. 28 (Bloomberg) -- Jamie McCourt, who is fighting her estranged husband over ownership of the Los Angeles Dodgers, thought the acquisition of the Major League Baseball team was "risky," its chief financial officer testified at the couple's ... (Source: BusinessWeek 2010-09-28T04:02:42Z)

Wal-Mart eyes South Africa

N EW YORK - 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 ... (Source: Boston Herald 2010-09-28T08:56:12Z)

Southwest, AirTran deal would boost flier options

The effect on the Phoenix air-travel market may be limited at first, but Southwest Airlines' largest-ever acquisition offers a glimpse at the airline's strategic plans for the next several years. If the deal to buy AirTran for $1.42 billion goes through ... (Source: AZCentral.com 2010-09-28T06:11:33Z)

CFO: Jamie McCourt told her husband not to buy Dodgers

LOS ANGELES (AP) -- Jamie McCourt didn't refer to herself as owner of the Los Angeles Dodgers and told her estranged husband that he shouldn't pursue the team 6½ years ago because the deal was too risky, the team's chief financial officer testified Monday ... (Source: CNN Sports Illustrated 2010-09-27T22:04:47Z)

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