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 29, 2010, 8:40 pm

UPDATE 2-Sanofi reported weighing higher Genzyme offer

PARIS/LONDON, Sept 29 (Reuters) - Sanofi-Aventis is considering whether to raise its $18.5 billion bid for U.S. drugmaker Genzyme as soon as next week, Bloomberg said on Wednesday, citing people with knowledge of the matter. France's largest drugmaker is ... (Source: Finanz Nachrichten 2010-09-29T10:35:13Z)

Deal news helps stocks recover from early losses

Stocks are ending higher as more deal news helps investors brush off a drop in consumer confidence. A big jump in earnings from Walgreen Co. and another corporate acquisition brought enough confidence to investors to extend a four-week rally in the market ... (Source: AP - msnbc.com 2010-09-28T20:16:14Z)

John Carney: Saints Sign Veteran Kicker to One-Year Deal

The Saints have signed 46-year-old veteran kicker John Carney to a one-year deal for the veteran's minimum. Carney worked out for the Saints after Garrett Hartley missed a game-winning field goal in the Saints' 27-24 overtime loss to the Falcons on ... (Source: Bleacherreport.com 2010-09-30T02:48:45Z)

Halftime: Gains In Citi Send Wrong Signal?

However, in the wake of Citi's move higher, optimistic chatter has surfaced suggesting gains in Citi could finally light a fire under the beleaguered financials, broadly. If Citi triggers a rally in the XLF I'd add to shorts in the financials as a whole ... (Source: CNBC 2010-09-29T17:16:05Z)

Gascoyne extends deal with Lotus

LONDON (AP)—Lotus Racing has extended the contract of its chief technical officer Mike Gascoyne until 2015, amid legal challenges over the future of the Formula One team. The reborn Lotus, led by Malaysian airline tycoon Tony Fernandes, entered F1 this ... (Source: YAHOO! 2010-09-26T23:53:21Z)

Veteran K John Carney says he's Garrett Hartley's 'caddie,' ready to kick for Saints if needed

METAIRIE, LA. — John Carney applies the language of golf to kicking in the NFL. When the 46-year-old kicker talks about how he envisions his role in what is now his 23rd NFL season, he refers to himself as a "caddie" for embattled fellow Saints kicker ... (Source: Washington Examiner 2010-09-30T01:30:00Z)

Latecomers rush to join Wall St's rally

NEW YORK (Reuters) - The Dow (DJI: ^DJI - News ) and the S&P 500 edged up on Tuesday as corporate deal news and earnings expectations continued to fuel investor optimism. Wall Street had opened lower after weak data on the state of consumer and the housing ... (Source: Yahoo Finance 2010-09-28T20:09:04Z)

Carmelo Anthony Trade Rumors Continue; What Destinations Make the Most Sense?

For a good portion of the weekend, it appeared that Carmelo Anthony was going to become a member of the New Jersey Nets in a blockbuster four-team trade that would have also included Charlotte and Utah. With Denver fretting over the economics of the deal ... (Source: Associated Content 2010-09-30T02:34:26Z)

Stocks: Deal news helps market recover from early losses

NEW YORK — Stocks are ending higher as more deal news helps investors brush off a drop in consumer confidence. A big jump in earnings from Walgreen Co. and another corporate acquisition brought enough confidence to investors to extend a four-week rally ... (Source: Tulsa World 2010-09-28T20:37:42Z)

Source: Carmelo to Nets 'dead'

A four-way deal that would have sent Carmelo Anthony to New Jersey is "dead," a person with knowledge of the discussions said yesterday. The person spoke to the Associated Press on condition of anonymity because he wasn't authorized to speak publicly about ... (Source: Philadelphia Daily News 2010-09-30T03:03:04Z)

Wall Street Inches up on Deal News but Data Weighs

NEW YORK (Reuters) - The Dow .DJI> and the S&P 500 edged up on Tuesday as corporate deal news and earnings expectations continued to fuel investor optimism. Wall Street had opened lower after weak data on the state of consumer and the housing sector, but ... (Source: ABC News 2010-09-28T20:09:04Z)

Carney says he's ready to help embattled Saints kicker Hartley

METAIRIE, La. -- John Carney applies the language of golf to kicking in the NFL. When the 46-year-old talks about how he envisions his role in what is now his 23rd NFL season, he refers to himself as a "caddie" for fellow New Orleans Saints kicker Garrett ... (Source: NFL 2010-09-30T01:51:29Z)

Proton insists it owns Lotus name

PARIS: Group Lotus is the only company entitled to use the Lotus name in Formula One, reiterated Proton Holdings Bhd group managing director Datuk Syed Zainal Abidin Syed Mohamed Tahir. He said Lotus Racing Formula One team principal Datuk Seri Tony ... (Source: star.com.my 2010-09-30T02:05:48Z)

JetBlue CEO says no deal to compete with Southwest

NEW YORK — JetBlue's CEO says his airline doesn't need to combine with another carrier to compete with Southwest. In an internal memo obtained Tuesday by The Associated Press, CEO Dave Barger said growing too fast through an acquisition could ... (Source: Lubbock Avalanche-Journal 2010-09-29T05:41:44Z)

Hevesi Said to Be Close to a Guilty Plea

Former New York state comptroller Alan Hevesi is close to a deal to plead guilty in an ongoing probe of corruption in the state's public pension fund, people familiar with the matter said. A deal, which the people said would likely be for a felony charge ... (Source: Wall Street Journal 2010-09-29T02:49:56Z)

More Fed easing not yet a done deal

SEWANEE, Tennessee — A top Federal Reserve official said on Tuesday that he has yet to make up his mind whether further ease monetary policy is needed, despite a weakening U.S. economy and some risk of deflation. Even with the risk of deflation, a ... (Source: Calgary Herald 2010-09-29T22:59:41Z)

Report: Carmelo Anthony deal to Nets dead

DENVER -- A person with knowledge of the discussions said Tuesday that a four-team deal that would have sent Nuggets All-Star Carmelo Anthony to New Jersey is dead. The person spoke to the Associated Press on condition of anonymity because he wasn't ... (Source: Detroit Free Press 2010-09-29T18:27:40Z)

Genzyme Chief Prepared to Leave to Ease Deal

Genzyme 's chief executive, Henri Termeer, has suggested he is more open Sanofi-Aventis 's proposed takeover of the biotechnology company than at any point in the past, telling The Financial Times, he would be prepared step down to facilitate the deal ... (Source: New York Times Blogs 2010-09-29T10:42:23Z)

JetBlue CEO: No deal to compete with Southwest

JetBlue's CEO says his airline doesn't need to combine with another carrier to compete with Southwest. In an internal memo obtained Tuesday by The Associated Press, CEO Dave Barger said growing too fast through an acquisition could jeopardize JetBlue ... (Source: AP - msnbc.com 2010-09-29T00:05:18Z)

Fernandes and Lotus tug-of-war unpacked

The Lotus Racing story has some odd twists and turns but in the end, it really appears to be a power struggle for the name Lotus. The Lotus Racing team was originally formed as 1Malaysia Racing Team owned by Malaysian tycoon and AirAsia owner Tony ... (Source: Bleacherreport.com 2010-09-29T18:20:31Z)

JetBlue: No deal to compete with Southwest

JetBlue 's CEO says his airline doesn't need to combine with another carrier to compete with Southwest. In an internal memo obtained Tuesday by The Associated Press, CEO Dave Barger said growing too fast through an acquisition could jeopardize JetBlue ... (Source: Long Island Business News 2010-09-29T19:17:47Z)

WRAPUP 1-More Fed easing not yet a done deal, Lockhart says

SEWANEE, Tenn., Sept 28 (Reuters) - A top Federal Reserve official said on Tuesday that he has yet to make up his mind whether further ease monetary policy is needed, despite a weakening U.S. economy and some risk of deflation. Even with the risk of ... (Source: Reuters 2010-09-29T00:05:18Z)

No California budget deal yet, more talks on Tuesday

SACRAMENTO, California (Reuters) - California's leaders failed to reach a final budget agreement to close a $19.1 billion deficit on Monday, the 89th day of their stalemate over a spending plan, top lawmakers said. California's budget has suffered massive ... (Source: Reuters 2010-09-28T02:29:39Z)

Hevesi plea deal nears

ALBANY -- Alan G. Hevesi , the former New York state comptroller, is poised to plead guilty to a felony corruption charge after a lengthy investigation into his office's rewarding of pension investment business to firms that provided financial benefits to ... (Source: Times Union 2010-09-29T04:01:31Z)

Deal news Tuesday helps stocks recover from early losses

NEW YORK — Stocks ended higher Tuesday as more deal news helps investors brush off a drop in consumer confidence. A big jump in earnings from Walgreen Co. and another corporate acquisition brought enough confidence to investors to extend a four-week ... (Source: Pioneer Press 2010-09-29T02:28:28Z)

Hevesi backer agrees to NY attorney general deal

ALBANY -- A state official says New York Attorney General Andrew Cuomo is expected to announce that he has secured a civil agreement with a former fundraiser for ex-Comptroller Alan Hevesi in a probe of the pay-to-play scandal at the massive state pension ... (Source: WRGB 2010-09-16T15:36:58Z)

Sanofi reported weighing higher Genzyme offer

By Caroline Jacobs and Quentin Webb PARIS/LONDON (Reuters) - Sanofi-Aventis <SASY.PA> is considering whether to raise its $18.5 billion bid for U.S. drugmaker Genzyme <GENZ.O> as soon as next week, Bloomberg said on Wednesday, citing people with knowledge ... (Source: msnbc.com 2010-09-29T11:53:58Z)

New delay hits faith in California budget deal

California's leaders will not meet on Wednesday to press on with talks to reach an agreement on a state budget, raising concerns that a deal on a spending plan may not be as near as indicated. California is in its 91st day without a state budget in place ... (Source: msnbc.com 2010-09-29T20:00:44Z)

Governor and lawmakers cancel budget meeting

SACRAMENTO - Gov. Arnold Schwarzenegger and legislative leaders abruptly canceled their scheduled budget talks Tuesday, hours after Schwarzenegger's press secretary blamed "union bosses" for blocking pension reforms the governor insists are needed to solve ... (Source: San Jose Mercury News 2010-09-29T04:51:38Z)

More Fed easing not yet a done deal, Lockhart says

SEWANEE, Tenn. (Reuters) - A top Federal Reserve official said on Tuesday that he has yet to make up his mind whether further ease monetary policy is needed, despite a weakening U.S. economy and some risk of deflation. Even with the risk of deflation, a ... (Source: Reuters 2010-09-29T03:47:12Z)

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