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 11, 2010, 8:43 pm

David Axelrod doubts need to halt foreclosures

Monday, October 11, 2010 A top White House adviser questioned the need Sunday for a blanket stoppage of all home foreclosures, even as pressure grows on the Obama administration to do something about mounting evidence that banks have used inaccurate ... (Source: San Francisco Gate 2010-10-11T12:37:00Z)

Kim Jong Il's heir debuts at massive parade in North Korea

PYONGYANG, North Korea – North Korean leader Kim Jong Il presided over a military parade Sunday alongside his youngest son and heir apparent in a massive coming-out party for the newly anointed and still-mysterious young man. Kim Jong Un, believed to be ... (Source: Dallas Morning News 2010-10-11T13:48:35Z)

British hostage may have been killed by US grenade: Cameron

LONDON (AFP) – A British aid worker who died in an attempt to rescue her from her Taliban kidnappers in Afghanistan may have been killed by a grenade detonated by US troops, Prime Minister David Cameron said Monday. Linda Norgrove, 36, was abducted on ... (Source: YAHOO! 2010-10-11T21:48:11Z)

Bidders join to buy Ga.'s Sea Island for $212M

Bidders have agreed to join forces to buy the Sea Island Co. for $212.4 million in auction to settle the Georgia resort operator's bankruptcy case. Sea Island spokesman Mike Geczi said Monday evening that the deal was reached after eight hours of ... (Source: AP - msnbc.com 2010-10-12T01:51:34Z)

Chinese buy third of Chesapeake's south Texas energy field

China's state-owned offshore oil and gas company has bought a one-third interest in 600,000 acres that Chesapeake Energy leases in a south Texas oil and gas field. CNOOC Ltd. and Oklahoma City-based Chesapeake announced the deal worth up to $2.16 billion ... (Source: Salt Lake Tribune 2010-10-11T22:16:49Z)

Chesapeake reaches $2 billion deal with Chinese company

CNOOC Limited has agreed to pay Chesapeake $1.08 billion for an interest in the Oklahoma City -based company's 600,000 net acres in the Eagle Ford, according to the joint venture announced Sunday. CNOOC also will pay 75 percent of Chesapeake's drilling and ... (Source: Daily Oklahoman 2010-10-11T12:15:31Z)

China's CNOOC tests U.S. with Chesapeake shale deal

HONG KONG/NEW YORK (Reuters) - China's top offshore oil producer, CNOOC Ltd ( 0883.HK ), agreed to pay $1.1 billion for a stake in a U.S. shale oil and gas field, testing the U.S. political climate for the first time since its 2005 failed bid for Unocal ... (Source: Reuters 2010-10-11T15:14:29Z)

U.S. Grenade May Have Killed British Taliban Hostage

LONDON — Prime Minister David Cameron said Monday that a British aid worker killed in an American rescue raid in Afghanistan last week may have been killed by a grenade detonated by a United States special forces unit — not by her Taliban captors, as ... (Source: New York Times 2010-10-11T16:54:42Z)

NFL: Jacksonville Jaguars claim former Stanford and Buffalo Bills quarterback Trent Edwards

Showing just how frustrated they are with quarterback David Garrard, the Jacksonville Jaguars claimed former Buffalo Bills starter Trent Edwards off waivers Tuesday. The former Stanford quarterback is expected to sign a contract this morning and join his ... (Source: Inside Bay Area 2010-09-29T04:58:47Z)

US rescuers may have killed Afghanistan aid worker

At first, NATO blamed a Taliban bomb for the death of a captive British aid worker during an American rescue attempt in eastern Afghanistan. Two days later, the coalition changed its account, saying Monday that U.S. forces may have detonated a grenade that ... (Source: AP - msnbc.com 2010-10-12T01:37:15Z)

Sources: Singaporean prepares new Liverpool bid

L ONDON — People with knowledge of the situation say a Singaporean businessman is preparing to make a new offer for Liverpool despite the board choosing to sell the Premier League club to the owners of the Boston Red Sox [ team stats ] . Two people told ... (Source: Boston Herald 2010-10-11T19:25:01Z)

Israel makes settlement offer; Palestinians say no

Israeli Prime Minister Benjamin Netanyahu offered on Monday to renew a partial settlement construction freeze in exchange for Palestinian recognition of Israel as a Jewish state. Palestinian officials swiftly rejected the proposal -- Israel's latest ... (Source: msnbc.com 2010-10-12T00:11:21Z)

New offer, no agreement over Israel settlements

The Palestinians swiftly rejected an offer Monday by Israeli Prime Minister Benjamin Netanyahu to renew a freeze on West Bank settlement construction in exchange for recognizing Israel as a Jewish nation-state. "If the Palestinian leadership will say ... (Source: msnbc.com 2010-10-11T18:27:45Z)

Singaporean prepares new Liverpool bid as bank goes to court to push through sale to Red Sox

Rob Harris, The Associated Press LONDON - A Singaporean billionaire is to make an improved offer for Liverpool, a day before a court case that could help to force through the Boston Red Sox owners' bid for the English club which has already been accepted ... (Source: Big Hollywood 2010-10-12T02:34:31Z)

Bain Buys Gymboree for $1.8 Billion

The children's clothing store Gymboree announced on Monday that it had agreed to sell itself to the private equity firm Bain Capital for $1.8 billion, raising hopes among investors that buyers may emerge for other specialty retailers. The deal, for $65 ... (Source: New York Times Blogs 2010-10-12T01:30:06Z)

Bidders join to buy Ga.'s Sea Island for $212M

(AP) SAVANNAH, Ga. - Bidders have agreed to join forces to buy the Sea Island Co. for $212.4 million in auction to settle the Georgia resort operator's bankruptcy case. Sea Island spokesman Mike Geczi said Monday evening that the deal was reached after ... (Source: WNYT 2010-10-12T02:13:03Z)

Bain Capital will buy out Gymboree

NEW YORK – Children's clothing retailer Gymboree Corp. has agreed to be bought by asset management firm Bain Capital for $1.8 billion in what would be the sixth-largest private equity deal of the year. Gymboree said Monday that the deal is for $65.40 ... (Source: Nashua Telegraph 2010-10-12T03:10:18Z)

UPDATE 1-Spain's OHL 'studying' Mexico unit share offer

Builders are also feeling the impact of austerity measures, including the cancelling of state-funded infrastructure contracts, as the government scrambles to reduce its public deficit and avoid a Greek-style debt crisis. About 87 percent of OHL's core ... (Source: Reuters 2010-10-11T09:16:34Z)

Sunday Breakfast Menu, Oct. 10

November's midterm elections continue to dominate the Sunday talk shows, with candidates in close races facing off on ABC and NBC. On ABC's "This Week," Richard Blumenthal, the Democratic Senate nominee in Connecticut, debates his Republican ... (Source: New York Times Blogs 2010-10-08T23:53:26Z)

Spain's OHL to spin off Mexican unit-sources

MADRID/NEW YORK, Oct 11 (Reuters) - Spanish builder Obrascon Huarte Lain is preparing to spin off its Mexican airport and road operating concessions unit and has hired banks for a November offering worth $700-800 million, said sources familiar with the ... (Source: The Guardian 2010-10-11T07:07:43Z)

Gymboree could be first in a wave of private equity-retail deals

Children's clothing retailer Gymboree Corp. has agreed to be bought by asset management firm Bain Capital for $1.8 billion in what would be the sixth-largest private equity deal of the year. Gymboree said the deal is for $65.40 per share, a 24 percent ... (Source: NJ.com 2010-10-11T20:15:08Z)

AP Sources: Singaporean prepares new Liverpool bid

LONDON— A Singaporean billionaire is set to make an improved offer for Liverpool, a day before a court case that could help to force through the Boston Red Sox owners' bid for the English club that has already been accepted by the board. Peter Lim ... (Source: Boston Globe 2010-10-11T22:52:37Z)

Palestinians Reject Israel's Demand To Recognize It As Jewish State

Tel Aviv, Israel (AHN) - Israeli Prime Minister Benjamin Netanyahu has offered to renew a ban on settlement construction, if Palestinians recognize Israel as a Jewish state - an offer that was quickly rejected. The latest move came amid intense ... (Source: All Headline News 2010-10-11T21:05:14Z)

Sunday's NFL Games

SAN FRANCISCO | It looks as if the Eagles didn't miss Michael Vick. Kevin Kolb passed for 253 yards while capably filling in for the injured Vick, and Quintin Mikell returned Alex Smith's fumble 51 yards for a touchdown early in the fourth quarter of ... (Source: Kansas City Star 2010-10-11T04:30:14Z)

White House adviser casts doubt on …

WASHINGTON (AP) — A top White House adviser questioned the need Sunday for a blanket stoppage of all home foreclosures, even as pressure grows on the Obama administration to do something about mounting evidence that banks have used inaccurate documents ... (Source: Chicago Tribune 2010-10-11T23:49:53Z)

Kim Jong Un likely to be North Korea's next leader

A top official told the Associated Press Friday that North Koreans will be honored to follow the youngest son of Kim Jong Il as the third-generation leader of the communist nation. The remarks were the first official comment about the future of Kim Jong Un ... (Source: San Francisco Gate 2010-10-09T09:54:44Z)

Spain's OHL 'studying' Mexico unit share offer

MADRID/NEW YORK, Oct 11 (Reuters) - Spanish construction group Obrascon Huarte Lain is looking into the possibility of a share flotation in Mexico, it said on Monday, following a Reuters report that the group had hired banks for a spin-off of its Mexican ... (Source: The Guardian 2010-10-11T09:30:53Z)

NFL: Former Stanford and Buffalo Bills quarterback Trent Edwards claimed by Jacksonville Jaguars on waivers

Showing just how frustrated they are with quarterback David Garrard, the Jacksonville Jaguars claimed former Buffalo Bills starter Trent Edwards off waivers Tuesday. The former Stanford quarterback is expected to sign a contract this morning and join his ... (Source: San Jose Mercury News 2010-09-29T03:11:25Z)

N. Korea Gives Media A Peek At Heir Kim Jong Un

Kim Jong Un, the youngest son of North Korean leader Jim Jong Il, was officially introduced to the world as the country's next leader Sunday. In an unusual move for the secretive nation, about 100 members of the international press were allowed to cover ... (Source: NPR News 2010-10-11T13:12:47Z)

Sea Island bankruptcy auction underway

SAVANNAH, Ga. — Two bidders are competing to become the new owners of the Sea Island Co. as the Georgia resort operator goes on the auction block to settle its bankruptcy case. The auction today in Atlanta was closed to reporters. A Sea Island spokesman ... (Source: Florida Times-Union 2010-10-11T21:41:02Z)

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