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 12, 2010, 5:40 am

Moody's backs Penn's rating after M Resort deal

NEW YORK -- Moody's Investors Service said Friday that Penn National Inc.'s purchase of all of The M Resort LLC's secured bank debt and subordinated debt for $230.5 million has no immediate impact on its corporate family rating or rating outlook. Penn ... (Source: Forbes 2010-10-08T20:40:10Z)

Singapore's Lim raises offer for Liverpool

Singapore billionaire Peter Lim has raised his offer for Liverpool to 320 million pounds ($507 million), with an additional 40 million pounds ($63 million) offered to pay for new players. Lim says in a statement that he would also acquire 200 million ... (Source: FOXSports.com 2010-10-12T11:09:55Z)

Nuggets' players bewildered by new NBA standards

At first, Chauncey Billups didn't even want to talk about it. Nuggets players seemed rattled after a recent meeting with NBA officials, who told the Nuggets as they've told other teams that they're cracking down on overt gestures during games such as a ... (Source: Denver Post 2010-10-12T07:13:41Z)

UPDATE 1-Billionaire's report uncovers UK government waste

LONDON, Oct 11 (Reuters) - The British government is wasting large sums of money by failing to take advantage of its size and credit rating to get the best deals from suppliers, a retail tycoon said on Monday in a government-commissioned report. The ... (Source: Reuters 2010-10-11T16:40:23Z)

Statoil's Texas Deal Heats Up Eagle Ford Shale

NEW YORK -- Statoil ASA said Monday it would team up with Talisman Energy Inc. and Enduring Resources LLC to buy acreage in the Eagle Ford shale formation in Southwest Texas. Statoil and Talisman formed a joint venture to purchase assets from Enduring ... (Source: FOXBusiness 2010-10-11T13:12:47Z)

California Revenue 15% Above Schwarzenegger Estimate

(Treasurer spokesman corrects maturity of notes in last paragraph.) Oct. 11 (Bloomberg) -- California's tax revenue for September came in 15 percent above Governor Arnold Schwarzenegger's May estimate, according to Controller John Chiang. About $1.1 ... (Source: BusinessWeek 2010-10-11T23:14:05Z)

California budget deal details ready for public view

SAN FRANCISCO (Reuters) - Details of the California state budget agreement struck last week between Governor Arnold Schwarzenegger and top lawmakers may be made public on Tuesday, according to legislative aides. Full details of the agreement will be ... (Source: Reuters 2010-10-05T19:03:30Z)

SRA International (SRX) to Acquire Platinum Solutions; Deal Accretive to 2011 Earnings

SRA International, Inc. (NYSE: SRX ) announced the signing of a definitive agreement to acquire Platinum Solutions, Inc., a leading provider of systems integration and collaborative solutions for the federal government. The purchase price is approximately ... (Source: StreetInsider.com 2010-10-11T20:58:05Z)

Israel offers freeze extension

Israeli Prime Minister Benjamin Netanyahu offered Monday to extend a freeze on building in West Bank settlements if the Palestinian leadership declares that it recognizes Israel as the Jewish state. The offer was promptly rejected by the Palestinians. (Source: Arkansas Online 2010-10-12T12:07:11Z)

SRA International To Buy Platinum Solutions For About $90 Mln

(RTTNews) - SRA International, Inc. (SRX: News ) said Monday that it has agreed to buy privately held Platinum Solutions, Inc. for about $90 million. Headquarters in Reston, Virginia, Platinum Solutions is a systems integrator and software developer. The ... (Source: RTT News 2010-10-11T21:19:33Z)

Moody's Reviews China's Credit Rating For Upgrade

Moody's Investors Service has announced that it is going to review China's credit rating for a possible upgrade, a move that reinforces the strength of the countries economy, but could put more pressure on leaders to allow the currency to appreciate ... (Source: Emii.com 2010-10-12T08:03:48Z)

Nuggets F Kenyon Martin in no rush to rehab knee

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 a ... (Source: FOXSports.com 2010-09-30T22:51:20Z)

Zimbabwe PM: don't recognize our 6 ambassadors

Tuesday, Oct. 12, 2010 | 2:50 a.m. Zimbabwe's prime minister says he has asked the United Nations, the European Union and four nations not to recognize six ambassadors who he says the president appointed without consulting him. The government's power ... (Source: Las Vegas Sun 2010-10-12T10:05:29Z)

Singapore's Lim ups offer for Liverpool to $507M

Singapore billionaire Peter Lim has raised his offer for Premier League club Liverpool to 320 million pounds ($507 million), with an additional 40 million pounds ($63 million) offered to pay for new players. Lim says in a statement that he would also ... (Source: FOXSports.com 2010-10-12T11:09:55Z)

Foreign buyers snapping up U.S. condos at fire-sale prices

The Viceroy, a swanky condominium complex in downtown Miami, gives the impression that the United States is in another real estate boom. The sales office is strangely exuberant. Buyers gush about the glam condos — designed by hipster tastemaker Kelly ... (Source: Seattle Daily Journal of Commerce 2010-10-05T06:53:22Z)

Israel offers deal with conditions

JERUSALEM - Israeli Prime Minister Benjamin Netanyahu on Monday said for the first time that he would extend the settlement restrictions in the West Bank - if the Palestinians recognize Israel as the Jewish national homeland. The idea, while innocuous to ... (Source: Philadelphia Daily News 2010-10-12T06:59:22Z)

Foreigners snagging realty deals

The Viceroy, a swanky condominium complex in downtown Miami, gives the impression that the United States is in another real estate boom. The sales office is strangely exuberant. Buyers gush about the glam condos — designed by hipster tastemaker Kelly ... (Source: MySanAntonio 2010-10-11T23:35:34Z)

Talisman, Statoil buy Texas shale in $1.3B JV deal

A Canadian-Norwegian joint venture is buying 97,000 acres of natural gas-rich land in Texas' Eagle Ford play, the companies said Sunday. Calgary-based Talisman Energy Inc. and Stavanger, Norway-based Statoil are paying $1.325 billion for the land, which ... (Source: AP - msnbc.com 2010-10-10T20:37:47Z)

SRA To Acquire Platinum Solutions, Inc.

SRA International, Inc. (NYSE: SRX), a leading provider of technology and strategic consulting services and solutions to government organizations and commercial clients, today announced the signing of a definitive agreement to acquire Platinum Solutions ... (Source: Street.Com 2010-10-11T21:12:24Z)

Moody's cites withheld payments, cuts Seneca Gaming credit ratings

Moody's Investors Service has lowered Seneca Gaming Corp.'s credit ratings, citing uncertainty resulting from the Seneca Nation of Indians' withholding of revenue-sharing payments to the state. Moody's lowered Seneca Gaming's corporate family ... (Source: Buffalo News 2010-10-12T10:41:17Z)

Statoil joins Talisman in Eagle Ford venture

HOUSTON, Oct. 11 -- Statoil ASA has agreed to acquire 67,000 net acres in the Eagle Ford shale play of South Texas in deals with Enduring Resources LLC and Talisman Energy Inc. that the Norwegian company says might result in the drilling of 1,500 wells ... (Source: Oil & Gas Journal 2010-10-11T16:40:23Z)

Foreign buyers step up

The Viceroy, a swanky condominium complex in downtown Miami, gives the impression that the United States is in another real-estate boom. The sales office is strangely exuberant. Buyers gush about the glam condos -- designed by hipster tastemaker Kelly ... (Source: Lowell Sun 2010-10-09T12:10:44Z)

Kenyon Martin not rushing knee rehab

DENVER -- Kenyon Martin won't rush his rehab from knee surgery with no contract beyond this season. The Denver Nuggets forward said Thursday that with nobody in a hurry to give him a new deal, "why would I be in a hurry to risk further injury?" The 32-year ... (Source: ESPN.com 2010-09-30T23:12:49Z)

Zimbabwe PM: Don't recognize our 6 ambassadors

Zimbabwe's prime minister has asked the United Nations, the European Union and four nations not to recognize six ambassadors the president appointed without consulting him, his party said Tuesday. The government's power-sharing deal requires coalition ... (Source: AP - msnbc.com 2010-10-12T10:55:36Z)

Schwarzenegger, California leaders reach budget deal

SACRAMENTO (AP) — Gov. Arnold Schwarzenegger and legislative leaders said they struck a comprehensive agreement after an intensive five-hour meeting Friday night, signaling an end to California 's record-long budget stalemate after 93 days. A vote on the ... (Source: USA Today 2010-10-02T04:05:07Z)

Billionaire's report uncovers UK government waste

LONDON (Reuters) - The British government is wasting large sums of money by failing to take advantage of its size and credit rating to get the best deals from suppliers, a retail tycoon said on Monday in a government-commissioned report. The Conservative ... (Source: Reuters India 2010-10-11T18:20:36Z)

Singapore billionaire Lim raises Liverpool offer

SINGAPORE -- Singapore billionaire Peter Lim has raised his offer for Premier League club Liverpool to $507 million, with an additional $63 million offered to pay for new players. Lim says in a statement that he would also acquire $317 million of the club ... (Source: CBS Sports 2010-10-12T11:45:42Z)

Rift Endangers Power-Sharing Deal in Zimbabwe

JOHANNESBURG -- After months of putting an optimistic face on his power-sharing deal with Zimbabwe's autocratic president, Robert Mugabe, Prime Minister Morgan Tsvangirai erupted last week with frustration at Mr. Mugabe and the country's troubled progress ... (Source: Pittsburgh Post-Gazette 2010-10-11T06:03:18Z)

City Spy: Chase's revenge on 'scarecrow' Sir Philip Green

Arcadia boss Sir Philip Green may have done the nation a service by highlighting inefficiencies in the way the Government goes about spending our cash but that does not impress everyone. Millionaire farmer William Chase (Tyrrells Crisps, Chase Vodka) is ... (Source: Evening Standard 2010-10-12T11:31:23Z)

Israel makes settlement offer, Palestinians say no

Prime Minister Benjamin Netanyahu offered the Palestinians a trade off on Monday to revive peace talks they quit -- a new freeze on building in settlements if they recognize Israel as a Jewish state. The Palestinians immediately rejected making any such ... (Source: msnbc.com 2010-10-12T00:11:21Z)

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