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, 7:41 pm

Report: Anti-U.S. Shiite cleric backs Iraq PM

Powerful Shiite cleric Muqtada al-Sadr said on Friday he was backing Iraq's prime minister to retain power in a move that could speed an end to the seven-month political impasse. The step could also bring dealmaking that may give key concessions to al-Sadr ... (Source: AP - msnbc.com 2010-10-01T22:50:09Z)

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)

Nuggets' Martin in no rush to rehab knee

DENVER (AP) -- Kenyon Martin won't rush his rehab from knee surgery with no contract beyond this season. "The last year of my deal; everybody knows that," the Denver Nuggets forward said Thursday. "Ain't nobody in a hurry to give me one ... so why would I ... (Source: NBA 2010-10-01T10:54:20Z)

AIG says it has deal to repay bailout billions

AIG said Thursday it reached a deal to repay the government billions of dollars in assistance it received during the credit crisis. The U.S. Treasury Department will swap debt it currently holds in AIG for common stock and then sell those shares over time ... (Source: Newsday 2010-09-30T11:38:28Z)

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)

Edenor Announces an Exchange and Tender Offer for Any and All of its Outstanding 10.5% ...

The Offers will expire at 5:00 P.M. , New York City Time, on November 1, 2010 unless extended (such time and date, as the same may be extended, the "Expiration Time").  Holders who validly tender Existing Notes by 11:00 A.M. , New York City Time, on ... (Source: Earthtimes 2010-10-01T11:58:45Z)

Phoenix bus company, mechanics union agree to new deal

Contract talks between Veolia Transportation Services and three of its labor unions have been extended for the fourth time this summer, averting a possible bus strike for now. The company and two labor unions agreed Thursday to a new Oct. 3 deadline for ... (Source: AZCentral.com 2010-10-01T06:15:09Z)

Oct. 4 Readers' letters

Why is firing such a big deal? A woman, in the country illegally, lied to her employers and presented them with false documents concerning her resident status and now people are pointing their finger at Meg Whitman for bad behavior? The woman presented a ... (Source: San Jose Mercury News 2010-10-02T02:24:54Z)

California eases penalty for marijuana possession

SACRAMENTO, CALIF. - California Gov. Arnold Schwarzenegger (R) signed a bill Thursday that will downgrade possession of an ounce or less of marijuana from a misdemeanor to an infraction. The measure will keep most marijuana-related cases from going to ... (Source: Washington Post 2010-10-02T01:20:29Z)

AIG, U.S. reach deal on bailout payback

American International Group Inc. said it has reached agreement in principle with U.S. government officials to repay about $100 billion in taxpayer money it still owes, a process that could end one of the largest and most controversial bailouts of the ... (Source: Los Angeles Times 2010-10-01T01:07:21Z)

RPT-UPDATE 4-Major Zain shareholder backs Etisalat offer

KUWAIT/DUBAI, Sept 30 (Reuters) - Kharafi Group, a major shareholder in Zain ( ZAIN.KW ), will accept an offer for its stake in the Kuwaiti telco from the UAE's Etisalat ETEL.AD, a source familiar with the matter said on Thursday. Earlier, Nasser al ... (Source: Reuters 2010-09-30T11:59:56Z)

Phoenix bus co., unions extend talks deadline

Phoenix's bus operator and labor unions have agreed to extend a deadline for a new agreement. The Arizona Republic reports that Thursday's agreement means that a possible bus strike has been averted at least until Monday. Union officials and Veolia ... (Source: Arizona Daily Sun 2010-10-01T11:15:48Z)

California governor, legislative leaders say they've reached a budget deal

SACRAMENTO, Calif. (AP) — Gov. Arnold Schwarzenegger and legislative leaders say they've reached a budget deal. The governor and lawmakers say after nearly five hours of talks Friday they agreed on a deal that breaks the record-long budget impasse and ... (Source: Los Angeles Times 2010-10-02T02:24:54Z)

Closing argument: Jamie McCourt's lawyer takes one last shot at Frank and his attorney

LOS ANGELES -- Lunch break/halftime in the final day of the Dodger divorce trial: Dennis Wasser, Jamie McCourt's lawyer, has finished his closing argument. Frank's lawyers, led by Texas bulldog litigator Steve Susman, will get their turn this afternoon ... (Source: USA Today 2010-09-29T19:46:25Z)

Radio One, Inc. Announces Additional Extension of Pending Exchange Offer

WASHINGTON , Oct. 1 -- Radio One, Inc. (the "Company" or "Radio One") (Nasdaq: ROIAK and ROIA) today announced that it had further extended the expiration time of its previously announced exchange offer for its 8-7/8% Senior Subordinated Notes due 2011 ... (Source: Earthtimes 2010-10-01T12:48:51Z)

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)

Etisalat offers $12B for 46 percent of Kuwait Zain

Emirati telecommunications giant Etisalat said Thursday it has submitted a "preliminary conditional offer" to buy 46 percent it's Kuwait-based major regional competitor Zain, a deal valued at almost $12 billion. The Abu Dhabi-based company it had offered 1 ... (Source: BusinessWeek 2010-09-30T14:37:25Z)

Meg Whitman faces uproar over illegal immigrant maid in bid for California governor

SANTA MONICA, Calif. - Meg Whitman's campaign for governor was thrown into turmoil Thursday as the Republican sought to fend off new evidence that she knowingly had an illegal immigrant housekeeper on her payroll for nearly a decade. Whitman denounced the ... (Source: Minneapolis Star Tribune 2010-10-01T05:32:12Z)

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)

K-Mart in no rush to rehab knee

DENVER -- Kenyon Martin won`t rush his rehab from knee surgery with no contract beyond this season. "The last year of my deal; everybody knows that," the Denver Nuggets forward said Thursday. "Ain`t nobody in a hurry to give me one ... so why would I be in ... (Source: Daily Camera 2010-10-01T05:53:41Z)

Veolia Rejects Federal Mediator's Proposal, PG County Bus Service Continues to Suffer

WASHINGTON, Oct. 1 /PRNewswire-USNewswire/ -- Members of Teamsters Local 639 working for Veolia/TheBus remain on strike today after the company refused to agree to a settlement proposed by the Federal Mediation and Conciliation Service that would have ... (Source: Redorbit.com 2010-10-01T11:30:07Z)

Zain Shareholders Said Likely to Approve Etisalat Offer Today

Sept. 30 (Bloomberg) -- Holders of a 46 percent stake in Zain, Kuwait's biggest phone company, are likely today to approve an offer from Emirates Telecommunications Corp. of about $10.5 billion, a person familiar with the deal said. Zain shareholders ... (Source: San Francisco Gate 2010-09-30T08:25:11Z)

Edenor Begins Exchange And Tender Offer For Any And All Outstanding 10.5% Notes Due 2017 ...

(RTTNews) - Edenor SA (EDN: News ) Friday said it has commenced an offer to exchange any and all outstanding 10.5% Senior Notes due 2017 for 9.75% Senior Notes due 2022, plus cash and an offer to purchase for cash any and all outstanding Existing Notes. In ... (Source: RTT News 2010-10-01T12:20:13Z)

Aides: Iraqi Shiite cleric backs al-Maliki

Powerful Shiite cleric Muqtada al-Sadr has agreed to support the bid by Iraq's prime minister to retain power, aides said Friday, in a move that could speed an end to the seven-month political impasse and bring dealmaking that may give key concessions to ... (Source: AP - msnbc.com 2010-10-01T22:35:50Z)

Meg Whitman Gets Lie-Detector Offer From Journalist

In one of the highlights of California Republican gubernatorial nominee Meg Whitman's Thursday news conference, she said she'd consent to a lie detector test to show she's telling the truth when she says she didn't know before June 2009 that her ex ... (Source: NPR News 2010-10-01T22:00:03Z)

Calif. gov, legislative leaders reach budget deal

SACRAMENTO, Calif. -- Gov. Arnold Schwarzenegger and legislative leaders say they've reached a budget deal. The governor and lawmakers say after nearly five hours of talks Friday they agreed on a deal that breaks the record-long budget impasse and attempts ... (Source: Washington Post 2010-10-02T02:17:45Z)

Avis Shakes Up Hertz-Dollar Thrifty Deal

Not taking "non-negotiable and final" for an answer, Avis strikes back in rental car bidding war. The offer comes a few weeks after Dollar Thrifty and Hertz announced they had agreed on a deal worth $1.4 billion, or $50 per share, at the time was believed ... (Source: Forbes 2010-09-23T17:23:12Z)

AIG reaches deal to repay government

New York -- AIG said today it reached a deal to repay the government billions of dollars in assistance it received during the credit crisis. The U.S. Treasury Department will swap debt it currently holds in AIG for common stock and then sell those shares ... (Source: Detroit News 2010-10-01T11:22:58Z)

Deal to form new Iraq government would empower anti-U.S. cleric

BAGHDAD — A Muslim cleric who once used a militia to resist the U.S.-led occupation of Iraq positioned himself as a big winner in Iraq's months-long political deadlock Friday when his party threw its support behind the beleaguered prime minister. The ... (Source: Austin American-Statesman 2010-10-02T01:34:48Z)

Martin isn't rushing back from rehab after surgery

DENVER - Kenyon Martin won't rush his rehab from knee surgery with no contract beyond this season. "The last year of my deal; everybody knows that," the Denver Nuggets' forward said Thursday. "Ain't nobody in a hurry to give me one ... so why would I be in ... (Source: Coloradoan 2010-10-01T11:08:39Z)

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