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 / October 1, 2010, 3:42 am

FreeSeas Announces the Results of its 2010 Annual General Meeting of Shareholders; 1:5 ...

PIRAEUS, Greece, Sept. 30, 2010 (GLOBE NEWSWIRE) -- FreeSeas Inc. (Nasdaq:FREE) (Nasdaq:FREEZ) ("FreeSeas" or the "Company"), a transporter of dry-bulk cargoes through the ownership and operation of a fleet of seven Handysize vessels and two Handymax ... (Source: msnbc.com 2010-09-30T21:11:07Z)

Wireless Ronin Technologies, Inc. Common Stock to Commence Trading on NASDAQ Capital ...

MINNEAPOLIS, Sept. 30, 2010 (GLOBE NEWSWIRE) -- Wireless Ronin Technologies, Inc. (Nasdaq:RNIN), a Minneapolis-based digital signage provider, today announced that the NASDAQ Stock Market has approved the Company's application to transfer the listing of ... (Source: msnbc.com 2010-09-30T17:43:32Z)

Dollar Thrifty shareholders reject Hertz deal, means Avis offer still a possibility

CHICAGO (AP) — Dollar Thrifty Automotive Group shareholders have rejected a buyout offer from Hertz, giving an opening for rival bidder Avis Budget Group's offer for the car rental company. Hertz Global Holdings Inc. shares fell $1.12, or 9.7 percent, to ... (Source: Los Angeles Times 2010-09-30T19:38:04Z)

Play suspended at Ryder Cup »

Saturated fairways have brought a halt to the Ryder Cup. At the moment, Europe leads in three matches, the US in one. Lee Westwood/Matin Kaymer are 2-up on Phil Mickelson/Dustin Johnson through five holes, Rory McIlroy/Graeme McDowell are 1-up on Stewart ... (Source: New York Daily News 2010-10-01T08:52:38Z)

GM buyout of AmeriCredit approved by shareholders

Shareholders at AmeriCredit approved the company's acquisition by General Motors Co., the companies said Wednesday. The deal is expected to close Oct. 1. Americredit is a company that handles loans for potential customers with less than stellar credit ... (Source: AP - msnbc.com 2010-09-29T16:47:27Z)

Washington Post closes Newsweek sale

The Washington Post Co. said Thursday it has closed its sale of Newsweek magazine to Harman Newsweek LLC, led by Sidney Harman. Harman agreed to buy Newsweek in August, ending a nearly half-century chapter for the magazine with the Washington Post. The ... (Source: AP - msnbc.com 2010-09-30T16:39:07Z)

McDonald's denies it might drop coverage

The new health care law could make it difficult for companies like McDonald's to continue offering limited insurance coverage to their low-wage workers. The world's largest restaurant chain provides its hourly workers with low-cost plans known as "mini ... (Source: Houston Chronicle 2010-10-01T05:25:03Z)

Newsweek sale to Sidney Harman is a done deal

The Washington Post Company says that its spin-off of iconic-yet-troubled magazine Newseek is complete. It now belongs to billionaire Sidney Harman's Harman Newsweek LLC. Terms of the transaction were not disclosed. The deal was first made public 8/2/10 ... (Source: Radio Business Report 2010-09-30T17:36:22Z)

A.M. Best Affirms Ratings of Ansvar Insurance Limited

A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and issuer credit rating of "a-" of Ansvar Insurance Limited (Ansvar Insurance) (New Zealand). The outlook for both ratings is stable. The ratings reflect Ansvar Insurance's ... (Source: PR Inside 2010-09-29T20:07:53Z)

A.M. Best Revises Outlook of COPIC Insurance Company to Stable

A.M. Best Co. has revised the outlook to stable from negative and affirmed the financial strength rating of A (Excellent) and issuer credit rating of "a" of COPIC Insurance Company (COPIC) (Denver, CO). The revised outlook reflects COPIC's improved ... (Source: PR Inside 2010-09-29T19:46:25Z)

Asian stock markets climb, take cues from Wall Street rally and higher metal prices

TOKYO – TOKYO (AP) — Asian stock markets kicked off a new week of trading in good spirits, encouraged by an improvement in U.S. economic indicators and higher metal prices. An increase in U.S. corporate spending and a big jump in orders for ... (Source: FOX News 2010-09-27T03:42:25Z)

Treasury announces sales of Citigroup shares

The 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 the sales Wednesday ... (Source: AP - msnbc.com 2010-09-29T14:02:49Z)

UPDATE: Asian Shares Mostly Up; Bargain Hunting Aids Tokyo

SINGAPORE (Dow Jones)--Asian stock markets were mostly higher Friday, with some beaten down stocks in Tokyo attracting buyers amid hopes the Bank of Japan will announce additional monetary easing measures to support the economy at its policy meet next week ... (Source: Wall Street Journal 2010-10-01T04:06:18Z)

Avaya and Skype Sign Strategic Agreement for Business Communications and Collaboration ...

Avaya, a global leader in enterprise communications systems, software and services, and Skype today announced a strategic agreement to deliver innovative, real-time communications and collaboration solutions to businesses of all sizes. The multi-phase deal ... (Source: msnbc.com 2010-09-29T15:00:05Z)

Tiger Woods, Steve Stricker paired for Ryder Cup start

N EWPORT, Wales — U.S. captain Corey Pavin called on one of his strongest tandems to lead off his team's defense of the Ryder Cup. Tiger Woods? He'll be going third. Phil Mickelson and Dustin Johnson, famous for the big-money games they play during ... (Source: Boston Herald 2010-09-30T21:03:58Z)

AmeriCredit shareholders approve acquisition by GM

AmeriCredit Corp. shareholders have approved the company's $3.5 billion sale to General Motors Co., the auto financing company said Wednesday. The deal is expected to close on Friday. Votes were reported at a shareholder meeting Wednesday at AmeriCredit ... (Source: AP - msnbc.com 2010-09-29T16:11:40Z)

Avaya, Skype in deal to offer low-cost, IP-based calling

Computerworld - Avaya and Skype signed an agreement Wednesday to offer Skype Connect to Avaya customers to help them lower international voice-calling costs through IP-based calls. Avaya and Skype also plan to deliver a wider range of communications and ... (Source: Computerworld 2010-09-29T16:18:49Z)

Dollar Thrifty shareholders reject Hertz deal; Avis offer could still be in play

THE VOTE: Dollar Thrifty shareholders rejected a buyout offer from Hertz, with 11.8 million votes for the deal and 13.8 million against. THE OFFERS: Hertz was offering $43.60 in cash and 0.6366 shares of common stock of Hertz, for each share of Dollar ... (Source: Los Angeles Times 2010-09-30T20:42:29Z)

AIG CEO: Insurer 'Glimpsing Sunshine' as It Reveals Bailout Repayment Plan; Sale of Japan ...

NEW YORK, Sep 30, 2010 (A. M. Best via COMTEX) -- American International Group Inc.'s top officer said the company is "glimpsing sunshine" as it announced plans to repay its debt to the federal government, plus said it would sell two Japanese life ... (Source: TradingMarkets.com 2010-09-30T16:17:38Z)

Health care law may threaten low-wage plans | It may be hard for employers to offer limited ...

INDIANAPOLIS — The new health care law could make it difficult for companies such as McDonald's to continue offering limited insurance coverage to their low-wage workers. The world's largest hamburger chain provides its hourly workers with low-cost ... (Source: Register-Guard 2010-10-01T06:15:09Z)

PHI, Inc. Announces Receipt of Requisite Consents with Respect to Its Tender Offer and Consent Solicitation ...

PHI, Inc. ("PHI") (The Nasdaq Global Market: PHII (voting) and PHIIK (non voting)) announced today that it had received, as of 5:00 p.m., New York City time, on September 22, 2010 (the "Consent Deadline"), tenders and consents from holders of over ... (Source: MSN Money 2010-09-22T22:46:31Z)

Dollar Thrifty Shareholders Vote Against Hertz Offer

Thursday, September 30, 2010 Sept. 30 (Bloomberg) -- Dollar Thrifty Automotive Group Inc.'s shareholders rejected Hertz Global Holdings Inc.'s $1.44 billion takeover offer a day after Avis Budget Group Inc. added a breakup fee to its higher bid. The vote ... (Source: San Francisco Gate 2010-10-01T07:48:13Z)

Washington Post Completes Sale Of Newsweek - Quick Facts

(RTTNews) - Washington Post Co. (WPO: News ) said Wednesday that Harman Newsweek LLC has purchased Newsweek magazine. The agreement with Dr. Sidney Harman was announced on August 2. Sidney Harman is Founder and Chairman Emeritus of Harman International ... (Source: RTT News 2010-09-30T16:03:19Z)

Sale of Fort Worth-based AmeriCredit to GM gets OK

AmeriCredit Corp. shareholders have approved the company's $3.5 billion sale to General Motors Co., the auto financing company said Wednesday. The deal is expected to close Friday. Detroit-based GM agreed to acquire Fort Worth-based AmeriCredit in June to ... (Source: Dallas Morning News 2010-09-30T14:51:44Z)

Treasury announces start of sales of $2.2B in preferred shares of Citigroup

WASHINGTON - The U.S. government says it is starting to sell off US$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 the ... (Source: Brandon Sun 2010-09-29T14:02:49Z)

Skype, Avaya partner on communications

Avaya Inc. and Skype SA announced a strategic agreement for business communication and collaboration products. Basking Ridge, N.J.-based Avaya and Skype are both partly owned by Menlo Park private equity firm Silver Lake Partners , and both focus on ... (Source: San Jose Business Journal 2010-09-30T19:52:23Z)

New law may limit 'mini-med' plans

INDIANAPOLIS — The new health care law could make it difficult for companies like McDonald's to continue offering limited insurance coverage to their low-wage workers. The world's largest hamburger chain provides its hourly workers with low-cost plans ... (Source: Seattle Daily Journal of Commerce 2010-10-01T06:58:06Z)

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

Last update: September 27, 2010 - 10:32 PM TOKYO - 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 lackluster performance followed a down ... (Source: Minneapolis Star Tribune 2010-09-28T03:34:04Z)

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)

Ryder Cup play has been suspended

Newport, Wales -- Play has been suspended today at the Ryder Cup because of inclement weather and unplayable conditions. Heavy rain pelted Celtic Manor in the morning, but play went off as scheduled. After about two hours of action, the decision was made ... (Source: Los Angeles Times 2010-10-01T09:57:04Z)

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