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, 8:43 am

Petrobras Prices a Record Sale

RIO DE JANEIRO—Demand for the share offer by Brazilian federal oil company Petroleo Brasileiro SA, or Petrobras, reached $140 billion, a market participant with knowledge of the deal told Dow Jones. Late Thursday, Petrobras set the terms for the world's ... (Source: Wall Street Journal 2010-09-24T02:12:55Z)

US stock "flash crash" sparked by heavy orders, sales-Nanex

NEW YORK, Sept 27 (Reuters) - A surge in quote traffic immediately followed by heavy sales of key securities may have sparked the "flash crash" on U.S. stockmarkets on May 6, a firm that has provided key insights into that day's events said on Monday. The ... (Source: The Guardian 2010-09-27T19:48:47Z)

Hyundai Unit Creditors Launch Stake Sale

SEOUL—Creditors of Hyundai Engineering & Construction Co. on Friday launched the sale of their controlling stake in the company in a deal that could fetch $3 billion and will pit two groups of former sister companies against each other. Bidding for the ... (Source: Wall Street Journal 2010-09-24T10:48:19Z)

Gunman shoots 5 people at Seton Hall University; female student is killed

EAST ORANGE, N.J. — A man who was denied access to a private party at an apartment near Seton Hall University left and returned with a handgun, fatally shooting a university student and wounding four other people. Seton Hall student Jessica Moore, 19 ... (Source: St. Petersburg Times 2010-09-26T02:24:52Z)

Octomom Nadya Suleman's yard sale draws crowd

Octomom Nadya Suleman had a yard sale Friday at her home in La Habra, Calif. About 150 people checked out the various items by 10:30 a.m., reports the Orange County Register . Bargain hunters and TV news vans were there. Police had to close of her street ... (Source: AZCentral.com 2010-09-27T16:21:12Z)

At What Cost Sentimentality, Hyundai Motor?

It has all the trappings of a good soap opera: sibling rivalry, a widow's appeal for sympathy, the fate of a multibillion-dollar business and nostalgia for the origins of a global empire. Great television, maybe. But not necessarily good business. Hyundai ... (Source: Wall Street Journal 2010-09-27T23:52:10Z)

University of Texas Shooting: Shots Fired on UT Campus, One Gunman Dead, Another Sought

AUSTIN, Texas (CBS/AP/KEYE) A gunman opened fire today - reportedly with an automatic weapon - inside the Perry Castaneda Library on the University of Texas at Austin campus, then shot and killed himself. Police are seeking a possible second suspect. UT ... (Source: CBS News 2010-09-28T15:15:35Z)

Treasury sells 2-year notes at a record low rate amid massive demand from investors

NEW YORK - The world's appetite for U.S. government debt helped the Treasury sell two-year notes at the lowest interest rate on record. At Monday's Treasury auction, investors placed bids for 3.87 times the $36 billion up for sale. Such strong bidding for ... (Source: Minneapolis Star Tribune 2010-09-27T21:36:09Z)

Wal-Mart Targets Africa

Wal-Mart Stores Inc. made an aggressive and expensive bid to expand in Africa ahead of its international competitors, offering to buy South African retailer Massmart Holdings Inc. for 32 billion rand ($4.6 billion). Wal-Mart's proposed offer would ... (Source: Wall Street Journal 2010-09-28T02:36:48Z)

Pre-launch 'Allure' charity cruise to benefit United Way

United Way of Broward and Miami-Dade counties are the beneficiaries of the overnight charity cruise Nov. 28-29, on Royal Caribbean International's newest ship, Allure of the Seas. The one-night cruise will offer charitable contributors an opportunity to ... (Source: Palm Beach Post (blog) 2010-09-27T20:03:06Z)

Huge demand pushes rate for 2-year note to new low

The world's appetite for U.S. government debt helped the Treasury sell two-year notes at the lowest interest rate on record. At Monday's Treasury auction, investors placed bids for 3.87 times the $36 billion up for sale. Such strong bidding for Treasurys ... (Source: AP - msnbc.com 2010-09-27T20:24:34Z)

Pros Say: Bond Market Rally Is Ending

What is the best trade on Treasurys? Dan Greenhaus, chief economic strategist at Miller Tabak, and George Goncalves, head of U.S. interest rates strategy in the Americas at Nomura Securities, shared their insights. "We're coming toward the end of a bond ... (Source: CNBC 2010-09-28T02:43:58Z)

Petrobras Raises Record $70 Billion Through Share Sale

Brazilian energy giant Petroleo Brasileiro SA, better known as Petrobras , shattered previous share-sale records by raising nearly $70 billion from a share sale, proving wrong the critics who had warned that the company's offering would not draw investors ... (Source: msnbc.com 2010-09-25T12:27:20Z)

Wal-Mart pursues South Africa retailer in $4.25 billion deal

Bentonville-based Wal-Mart Stores Inc. has made a $4.25 billion offer to buy Johannesburg, South Africa-based Massmart Holdings, a retailer with 290 stores in 13 African countries. The non-binding deal is subject to several regulatory hurdles. However, a ... (Source: The City Wire 2010-09-27T13:58:02Z)

Wal-Mart Bids for Massmart to Expand Into Africa

While Wal-Mart operates in 14 countries in addition to the United States, it has no stores in Africa. The retail giant has emphasized international sales, which make up about a quarter of its revenue, as sales in the United States have softened. Sales at ... (Source: New York Times 2010-09-28T00:27:57Z)

Royal Caribbean International to name its newest ship, Allure of the Seas, during the United ...

FORT LAUDERDALE, Fla. - (Business Wire) United Way of Broward and Miami-Dade counties are the beneficiaries of the overnight charity cruise November 28-29, on Royal Caribbean International's newest ship, Allure of the Seas . The one-night cruise will offer ... (Source: Earthtimes 2010-09-27T13:29:24Z)

Police say gunman fired shots inside University of Texas library, killed self; no others hurt

Police say a gunman opened fire inside a library at the University of Texas at Austin, then shot and killed himself. Police spokeswoman Rhonda Weldon says no one else was hurt in the shooting Tuesday morning at the Perry-Castaneda Library. Weldon says a ... (Source: msnbc.com 2010-09-28T15:15:35Z)

Royal Caribbean International to name its newest ship, Allure of the Seas, during the ...

United Way of Broward and Miami-Dade counties are the beneficiaries of the overnight charity cruise November 28-29, on Royal Caribbean International's : newest ship, Allure of the Seas : . The one-night cruise will offer charitable contributors an ... (Source: PR Inside 2010-09-27T13:36:33Z)

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)

New Jersey police charge 2 in fatal Seton Hall shooting

EAST ORANGE, N.J. - Two men were charged Monday in the weekend shooting at an off-campus house party that left a Seton Hall University student dead and four other people wounded. One was arrested, while the second remained at large. Nicholas Welch was ... (Source: AZCentral.com 2010-09-28T04:38:30Z)

Brazil oil company Petrobras aims at offshore reserves with $70B stock offer, world's largest

BIG DEAL: Petroleo Brasileiro SA , or Petrobras, Brazil's state-run energy company, raised $70 billion through the sale of more than 4 billion common and preferred shares in Brazil and the U.S. BIG OIL: The money will fund Petrobras' ambitious $224 billion ... (Source: Chicago Tribune 2010-09-24T18:19:17Z)

US stock "flash crash" sparked by heavy orders, sales: Nanex

A surge in quote traffic immediately followed by heavy sales of key securities may have sparked the "flash crash" on U.S. stock markets on May 6, a firm that has provided key insights into that day's events said Monday. The sale of $125 million worth ... (Source: Edmonton Sun 2010-09-27T20:10:15Z)

Octomom holds yard sale at La Habra home

LA HABRA - "Octomom" Nadya Suleman hosted a yard sale Saturday to raise money so the La Habra mother of 14, including octuplets, could keep her home and stay off welfare. An Octo-frig, Octo pictures and even an Octo bra were for sale. "I'm working really ... (Source: San Gabriel Valley Tribune 2010-09-27T17:18:27Z)

Two Charged in Shooting Near Seton Hall University

EAST ORANGE, N.J. — Two men were charged Monday in the weekend shooting at an off-campus house party that left a Seton Hall University student dead and four other people wounded. One was arrested, while the second remained at large. Nicholas Welch was ... (Source: Wall Street Journal 2010-09-28T04:02:42Z)

Stock "flash crash" sparked by heavy orders, sales: Nanex

NEW YORK (Reuters) - A surge in quote traffic immediately followed by heavy sales of key securities may have sparked the "flash crash" on U.S. stockmarkets on May 6, a firm that has provided key insights into that day's events said on Monday. The sale of $ ... (Source: Reuters 2010-09-27T19:41:37Z)

Hyundai Motor to announce bid for Hyundai Engg

SEOUL (Reuters) - Hyundai Motor ( 005380.KS ) plans to disclose on Monday it is bidding for a controlling stake in Hyundai Engineering & Construction ( 000720.KS ), an executive of the South Korean car maker said. Hyundai Motor is now set to face off with ... (Source: Reuters UK 2010-09-24T06:09:08Z)

Low-fare king Southwest to buy AirTran for $1.4 billion

TOP 5 CARRIERS The number of seats on scheduled domestic flights this month is down 9.5% compared to Sept. 2007. The top five carriers based on share of domestic seats Sept. 2007 vs. 2010: Southwest Airlines said Monday that it will buy smaller rival ... (Source: USA Today 2010-09-28T10:36:25Z)

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)

Octomom Nadya Suleman Yard Sale To Stop Foreclosure: Bras & Bikinis

Octomom is selling her nursing bra amoung other items at her yard sale. Nadya Suleman, the famous mother of octuplets, had a weekend yard sale in La Habra, Calif., to stave off foreclosure. Suleman offered baby clothes, bikinis and other goods Saturday to ... (Source: Post Chronicle 2010-09-27T17:11:18Z)

BREAKINGNEWS: University of Texas (Austin) On Lockdown Following Shooting in Campus Library

AUSTIN, Texas (AP) - Police say a gunman opened fire inside a library at the University of Texas at Austin, then shot and killed himself. Police spokeswoman Rhonda Weldon says no one else was hurt in the shooting Tuesday morning at the Perry-Castaneda ... (Source: KOLO TV Reno 2010-09-28T14:39:47Z)

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