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 30, 2010, 6:41 pm

2nd UPDATE: Southwest Airlines To Buy Discount Rival AirTran

Southwest Airlines Co. (LUV) on Monday announced plans to buy discount rival AirTran Holdings Inc. (AAI) in a move that would revive its stalled international expansion and intensify pressure on network carriers on the U.S. East Coast. The definitive ... (Source: Wall Street Journal 2010-09-27T12:17:49Z)

Unrest grips Ecuador, threatening President Rafael Correa

In a violent day of chaos, Ecuadoran security forces protesting cuts in their benefits took to the streets and are threatening the government of President Rafael Correa. The government declared a state of emergency after Correa was confronted by angry poli ... (Source: Los Angeles Times 2010-09-30T23:48:36Z)

Southwest's AirTran buy will expand options for some, but fares could rise in Northeast

NEW YORK - Southwest's decision to buy AirTran will mean more routes and fewer delays and cancellations in small cities but higher fares in the Northeast and perhaps the end of the super-low sale fare. Southwest Airlines, which has built a loyal following ... (Source: Minneapolis Star Tribune 2010-09-30T13:47:19Z)

Poland's 'Less Hawkish' Bank May Boost Bonds, Zloty, BNP Says

Sept. 30 (Bloomberg) -- The Polish central bank's "dovish rhetoric" after the decision to leave interest rates at a record low yesterday may boost foreign demand for bonds and strengthen the zloty, according to BNP Paribas SA. Investors cut their ... (Source: BusinessWeek 2010-09-30T09:36:46Z)

Southwest Airlines Agrees To Acquire AirTran In $1.4B Deal

Southwest Airlines Co. (LUV) agreed to acquire AirTran Holdings Inc. (AAI) for $1.4 billion in cash and stock, the first major merger among healthy U.S. discount carriers. The proposed deal follows Southwest's failed effort to acquire Denver-based Frontier ... (Source: Wall Street Journal 2010-09-27T11:20:33Z)

Correa Claims Ecuador Coup Attempt After Scuffling With Police

Sept. 30 (Bloomberg) -- Ecuador President Rafael Correa said police and soldiers protesting a plan to trim their salaries were part of an attempted coup d'état after they assaulted him during a demonstration in Quito. "We're faced with a permanent ... (Source: BusinessWeek 2010-09-30T18:19:19Z)

Pentagon: China, U.S. Military Relations Back On Track

Washington, D.C., United States (AHN) – Months after the United States signed a $6.4 billion arms deal with Taiwan, the military-to-military relations between Washington and Beijing have nonetheless improved. Pentagon spokesman Col. David Lapan also ... (Source: Gant Daily 2010-09-29T22:59:41Z)

Bargains move in to growing Great Lakes Crossing

Auburn Hills -- Great Lakes Crossing is reinventing itself as a high-fashion outlet center with a new name -- Great Lakes Crossing Outlets. The addition of close to 10 outlet brands, including retailers targeting women between the ages of 25 and 50, will ... (Source: Detroit News 2010-09-29T04:58:47Z)

Deutsche Bank Q3 sales, trading at prior-year level

FRANKFURT, Sept 30 (Reuters) - Deutsche Bank ( DBKGn.DE ) says a market recovery in the second half of September meant that its sales and trading in the third quarter would be at the prior-year level, chief executive Josef Ackermann said on Thursday ... (Source: Reuters UK 2010-09-30T08:39:30Z)

Southwest-AirTran merger could lead to higher fares

Southwest Airlines , the nation's biggest low-fare carrier, moved to buy AirTran Airways in a $1.4 billion deal that positions it to take on more established giants in overseas and East Coast markets. While the proposed consolidation holds the prospect of ... (Source: Chicago Tribune 2010-09-28T02:22:29Z)

Great Lakes Crossing shifts focus to designer deals, dining

Great Lakes Crossing in Auburn Hills has a new name and mission as it moves away from entertainment and more toward designer brand-name discounts and dining, said Bill Taubman, chief operating officer of Taubman Centers, the mall's owner. And at 1.4 ... (Source: Detroit Free Press 2010-09-28T11:33:40Z)

Goldman to sell up to $2 billion in shares of China's ICBC

HONG KONG (Reuters) - Goldman Sachs is selling up to $2 billion worth of shares of its stake in Industrial and Commercial Bank of China, 16 months since its last selldown of the world's largest bank. Block sales of this nature rarely come with an ... (Source: Reuters 2010-09-29T13:05:33Z)

Southwest Airlines to buy AirTran for $1.4 billion

NEW YORK -- Southwest's decision to buy AirTran will mean more routes and fewer delays and cancellations in small cities but higher fares in the Northeast and perhaps the end of the super-low sale fare. Southwest Airlines, which has built a loyal following ... (Source: San Jose Mercury News 2010-09-28T18:36:01Z)

Travelocity Launches Major Fall and Holiday Travel Savings with the "Fall for Fall Sale"

With the autumn leaves changing and football season underway, fall is when many consumers are taking last minute road trips, while others are planning their holiday travel to visit family. Fall also brings cooling temperatures, but Travelocity® ( www ... (Source: PR Inside 2010-09-30T11:09:50Z)

China, U.S. Resume Military Talks After Break Over Taiwan Arms

Sept. 29 (Bloomberg) -- The U.S. and China will resume military talks broken off after the Obama administration announced an arms sale to Taiwan earlier this year, starting with a meeting on maritime issues next month, a Pentagon spokesman said. That ... (Source: BusinessWeek 2010-09-29T22:52:32Z)

US Treasury announces start of sales of $2.2 billion in trust preferred shares of Citigroup

WASHINGTON (AP) - The U.S. government says it is starting to sell off $2.2 billion in trust preferred shares it holds in Citigroup, another move to recoup the costs incurred in the $700 billion financial bailout. The Treasury Department says it will start ... (Source: Today Online 2010-09-29T15:21:33Z)

UPDATE 9-Ecuador's Correa attacked, says opponents plot coup

QUITO, Sept 30 (Reuters) - Renegade police attacked Ecuadorean President Rafael Correa in anti-austerity protests on Thursday and surrounded the hospital where he was treated as he accused his opponents of trying to topple him in a coup. "I'll leave here ... (Source: Reuters 2010-10-01T00:02:55Z)

UPDATE 1-SocGen says won't need Basel capital hike

PARIS, Sept 30 (Reuters) - French bank Societe Generale ( SOGN.PA ) said it will not need a capital increase to meet looming tougher capital requirements as it sought to reassure investors after its shares fell on Thursday. SocGen Chief Executive Frederic ... (Source: Reuters India 2010-09-30T09:58:15Z)

Treasury announces start of sale of $2.2 billion in trust preferred shares of Citigroup

WASHINGTON (AP) — The government said Wednesday it is starting to sell $2.2 billion in trust preferred shares that it holds in Citigroup , another move to recoup the costs incurred in the $700 billion financial bailout. The Treasury Department said the ... (Source: Los Angeles Times 2010-09-30T22:29:52Z)

Deutsche Bank Third-Quarter Trading Matches Last Year

(Adds comments on capital in last paragraph.) Sept. 30 (Bloomberg) -- Deutsche Bank AG Chief Executive Officer Josef Ackermann said third-quarter sales and trading revenue matched last-year's level after a rebound in September. "Thanks to a very strong ... (Source: BusinessWeek 2010-09-30T10:19:43Z)

Travelocity launches 'Fall Sale' to many destinations

Travelocity has launched a "Fall for Fall Sale," which offers travelers up to 35 percent off participating hotels and vacation packages (flight + hotel). Savings can be found for travel through Dec. 31, 2010. Travelocity's "Fall for Fall Sale ... (Source: Palm Beach Post (blog) 2010-09-27T23:59:19Z)

Great Lakes Crossing to emphasize outlet niche with new name

Auburn Hills -- Great Lakes Crossing is reinventing itself as a high-fashion outlet center with a new name -- Great Lakes Crossing Outlets. Key outlet brands, including retailers targeting women between the ages of 25 and 50, will boost sales and traffic ... (Source: Detroit News 2010-09-28T04:17:01Z)

China, U.S. Turn to Maritime Agenda as Military Talks Resume

Sept. 30 (Bloomberg) -- The U.S. and China will confer on maritime issues next month as the two countries resume military talks broken off after the Obama administration announced an arms sale to Taiwan earlier this year, a Pentagon spokesman said. That ... (Source: BusinessWeek 2010-09-29T23:14:00Z)

Yoplait Owners Said to Hire Morgan Stanley, SocGen for Sale

PAI Partners, the French private- equity firm, and dairy cooperative Sodiaal hired Morgan Stanley and Societe Generale to manage the sale of PAI's 50 percent stake in yogurt maker Yoplait, said four people with knowledge of the matter. The banks will ... (Source: Bloomberg 2010-09-30T10:19:43Z)

Deutsche Bank to Raise EU10.2 Billion in Share Sale

(Adds number of shares in second paragraph.) Sept. 20 (Bloomberg) -- Deutsche Bank AG, Germany's largest bank, said it will raise about 10.2 billion euros ($13.3 billion) in the company's biggest-ever share sale after setting the price for the stock ... (Source: BusinessWeek 2010-09-20T18:02:33Z)

Treasury announces sale of Citigroup shares

WASHINGTON -- The government said Wednesday it is starting to sell $2.2 billion in trust preferred shares that it holds in Citigroup , another move to recoup the costs incurred in the $700 billion financial bailout. The Treasury Department said the pace of ... (Source: Forbes 2010-09-29T14:31:27Z)

Travelocity Launches Major Fall and Holiday Travel Savings with the "Fall for Fall Sale"

BusinessWire - With the autumn leaves changing and football season underway, fall is when many consumers are taking last minute road trips, while others are planning their holiday travel to visit family. Fall also brings cooling temperatures, but ... (Source: Forbes 2010-09-30T11:24:09Z)

Southwest Airlines Takes Aim at Bigger Rivals With AirTran Deal

In a deal that turns up the heat on its bigger rivals, Southwest Airlines Co. (NYSE: LUV ) on Monday announced plans to buy discount carrier AirTran Holdings Inc. (NYSE: AAI ) for $1.4 billion. By nabbing AirTran, Southwest is making a move that supports ... (Source: Seekingalpha.com 2010-09-29T09:02:10Z)

UPDATE: Goldman Sachs Seeks Up To US$2.05 Bln In ICBC Share Sale - Source

HONG KONG (Dow Jones)--Goldman Sachs Group Inc. (GS) is raising as much as US$2.05 billion from the sale of part of its stake in Industrial & Commercial Bank of China Ltd. (1398.HK) in a placement, a person familiar with the deal said Wednesday. Goldman is ... (Source: Wall Street Journal 2010-09-29T11:53:58Z)

Goldman Cutting Stake in China's ICBC

HONG KONG — Goldman Sachs Group Inc. is selling down its stake in Industrial & Commercial Bank of China Ltd. in a placement expected to raise as much as US$2.05 billion, a person familiar with the deal said Wednesday. The sale will reduce Goldman's stake ... (Source: Wall Street Journal 2010-09-29T14:31:27Z)

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