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, 9:40 am

In search of new revenue sources, Media General pairs with Groupon to offer daily deals, VA

RICHMOND, Va. (AP) — Media General is teaming up with Groupon.com, a company that offers daily group discounts via the Web. The publisher of the Richmond Times-Dispatch, Tampa Tribune and other newspapers announced the deal Monday. It's another avenue ... (Source: Daily Press 2010-10-11T19:53:39Z)

Attack on NATO helicopter in Afghanistan kills one

KABUL (Reuters) – Afghan insurgents fired a rocket-propelled grenade into a NATO helicopter after it landed on Tuesday, killing one person and wounding eight troops, the NATO-led International Security Assistance Force (ISAF) said. Twenty-six people ... (Source: YAHOO! 2010-10-12T16:10:34Z)

Liverpool sale goes to court amid new bids

LONDON -- Liverpool's proposed takeover by the owners of the Boston Red Sox is uncertain after a Singapore businessman raised his offer for the Premier League club on Tuesday and lawyers representing the current owners said a third group is also making a ... (Source: ESPN.com 2010-10-12T13:11:36Z)

Texas Rangers (2-2) at Tampa Bay Rays (2-2), 8:07 p.m.

The Tampa Bay Rays attempt to become just the second team to win a a best-of-five American League Division Series after losing the first two games at home, as they try to advance to the ALCS this evening in a decisive Game 5 against the Texas Rangers at ... (Source: Miami Herald 2010-10-12T14:44:40Z)

Shell chief exec criticizes Gulf spill

The head of Royal Dutch Shell says that his company would never have made the mistakes that led to BP's devastating Gulf of Mexico oil spill. But Shell chief executive Peter Voser acknowledges that the industry as a whole is not prepared to deal with a ... (Source: Newsday 2010-10-12T14:37:30Z)

Treasury Secretary Geithner to meet with new GM CEO in New York ahead of public stock sale

DETROIT (AP) — Treasury Secretary Timothy Geithner is meeting with new General Motors CEO Dan Akerson in New York as the government-owned automaker moves toward a public stock sale. The government says the two men are meeting Tuesday afternoon. It's ... (Source: Chicago Tribune 2010-10-12T13:33:05Z)

Greece raises $1.6B in oversubscribed debt sale

Greece raised €1.17 billion ($1.63 billion) Tuesday in a sale of 26-week treasury bills that was both oversubscribed and saw a drop in borrowing costs. The sale, originally for €900 million, received bids worth 4.22 times the total and resulted in a ... (Source: AP - msnbc.com 2010-10-12T15:20:27Z)

Media General pairs with Groupon to offer deals

Media General Inc., publisher of the Richmond Times-Dispatch, Tampa Tribune and other newspapers, is teaming up with Groupon.com, a company that offers daily group discounts via the Web. It's another avenue traditional publishers are exploring in their ... (Source: AP - msnbc.com 2010-10-11T19:46:30Z)

Lions Gate offering to combine with MGM

Lions Gate is offering to combine its business with MGM in a deal supported by billionaire investor Carl Icahn, who owns stakes in both studios. Lions Gate Entertainment Corp. said Tuesday it has sent a proposal for a combination with financially troubled ... (Source: AP - msnbc.com 2010-10-12T14:44:40Z)

Israel deputy PM: Cabinet officials doubt there can be peace deal with Palestinians soon

JERUSALEM - An Israeli deputy prime minister says members of the Cabinet's decision-making circle doubt a peace deal with the Palestinians can be reached in the near future. Moshe Yaalon's remarks appear contrary to Prime Minister Benjamin Netanyahu's ... (Source: Minneapolis Star Tribune 2010-10-12T08:32:26Z)

Lions Gate - MGM deal in the works

NEW YORK — Lions Gate is offering to combine its business with MGM in a deal supported by billionaire investor Carl Icahn, who owns stakes in both studios. Lions Gate Entertainment Corp. said today that it has sent a proposal for a combination with ... (Source: Oregonian 2010-10-12T14:44:40Z)

Treasury, GM meeting today

DETROIT – New General Motors CEO Dan Akerson will meet Tuesday afternoon with Treasury Secretary Timothy Geithner in New York as the government-owned automaker heads toward a public stock sale. The Treasury Department said the men will meet briefly for ... (Source: Fort Wayne Journal Gazette 2010-10-12T14:37:30Z)

Israel as a Jewish state would have to ensure equality, EU stresses

Brussels - Israel will have to guarantee the equality of all citizens regardless of religion, even if Palestinians recognize it as a Jewish state, a European Union spokeswoman said Tuesday. On Monday, Israeli premier Benjamin Netanyahu said he would be ... (Source: Earthtimes 2010-10-12T12:50:08Z)

Liverpool sale to Red Sox owners uncertain amid court hearing and new offers

LONDON - Liverpool's proposed takeover by the owners of the Boston Red Sox is uncertain after a Singapore businessman raised his offer for the Premier League club on Tuesday and lawyers representing the current owners said a third group is also making a ... (Source: Minneapolis Star Tribune 2010-10-12T16:24:53Z)

Royal Dutch Shell's Voser says his company wouldn't have made BP mistakes in Gulf of Mexico

LONDON (AP) — The head of Royal Dutch Shell says that his company would never have made the mistakes that led to BP's devastating Gulf of Mexico oil spill. But Shell CEO Peter Voser acknowledges that the industry as a whole is not prepared to deal with a ... (Source: Cleveland News - Fox 8 2010-10-12T14:16:02Z)

Rays put 5,000 seats on sale

The Tampa Bay Rays don't have an attendance problem for playoff games. The team, which struggled to draw crowds all season despite posting baseball's best regular-season record, is making 5,000 obstructed-view seats available for Tuesday's fifth and ... (Source: ESPN.com 2010-10-12T14:37:30Z)

Confident Rays send David Price to mound against Cliff Lee, aim to finish improbable comeback

ST. PETERSBURG, Fla. - Rays manager Joe Maddon spoke matter-of-factly, assessing Tampa Bay's chances of completing an improbable comeback against the Texas Rangers in the opening round of the AL playoffs. Down 2-0 after losing the first two games of the ... (Source: Minneapolis Star Tribune 2010-10-12T15:34:46Z)

Carl Icahn Backs Lions Gate's Proposed Merger With MGM

Lions Gate Entertainment proposed a merger with Metro-Goldwyn-Mayer late Monday, in a deal that would bring the indie studio together with MGM's film library -- and be alternative to a proposed merger between MGM and Spyglass already on the table. Carl ... (Source: TheWrap 2010-10-12T16:10:34Z)

NewsNow: Pfizer to buy pain drugmaker King Pharmaceuticals for $3.6 billion

NEW YORK - Pfizer says it will buy a company specializing in pain drugs in a $3.6 billion deal meant to shore up the portfolio of the world's largest drug company. Pfizer Inc. says it is paying $14.25 a share for King Pharmaceuticals Inc. in Bristol, Tenn ... (Source: Minneapolis Star Tribune 2010-10-12T16:17:43Z)

Liverpool sale heads to court

LONDON -- Liverpool's proposed takeover by the owners of the Boston Red Sox is uncertain after a Singapore businessman raised his offer for the Premier League club on Tuesday and lawyers representing the current owners said a third group is also making a ... (Source: ESPN.com 2010-10-12T14:16:02Z)

Media General, Groupon partner for local branded deals

Communications company Media General and daily deal service Groupon announced a partnership October 11 allowing the media company to offer locally branded deals to its consumers and advertisers. The partnership gives Media General the opportunity to let ... (Source: dmnews.com 2010-10-11T21:19:33Z)

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)

Shell CEO criticizes Gulf spill

The head of Royal Dutch Shell says that his company would never have made the mistakes that led to BP's devastating Gulf of Mexico oil spill. But Shell CEO Peter Voser acknowledges that the industry as a whole is not prepared to deal with a spill of that ... (Source: San Francisco Gate 2010-10-12T14:30:21Z)

Insurgent grenade caused NATO chopper blast

A rocket-propelled grenade caused an explosion aboard a NATO helicopter that killed one and wounded eight shortly after the aircraft landed in eastern Afghanistan on Tuesday, the NATO-led International Security Assistance Force (ISAF) said. The CH-47 ... (Source: msnbc.com 2010-10-12T15:20:27Z)

Pfizer To Buy King Pharmaceuticals For $3.6 Billion In Cash

Drug maker Pfizer Inc. ( PFE ) agreed to buy King Pharmaceuticals Inc. ( KG ) for $3.6 billion in cash, a deal that could modestly soften the blow of next year's expected loss of market exclusivity for Pfizer's blockbuster cholesterol drug Lipitor. The ... (Source: FOXBusiness 2010-10-12T15:49:05Z)

NATO Endorses Afghan Bid to Strike Peace Deal With Taliban

Oct. 11 (Bloomberg) -- NATO endorsed the Afghan government's bid to strike a peace accord with Taliban rebels to end a war now in its 10th year. A 68-member peace council was set up last week to accelerate informal talks under way between Afghan ... (Source: BusinessWeek 2010-10-11T14:31:32Z)

EU plays down prospects of extending Greek loan

BRUSSELS, Oct 12 (Reuters) - The European Union played down prospects of extending an emergency loan programme for Greece, saying on Tuesday that the issue was not being discussed. The European Commission, the EU's executive arm, said Greece should be able ... (Source: Inside Fidelity 2010-10-12T12:21:30Z)

Geithner to meet GM CEO in New York

WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner is scheduled to meet General Motors Co Chief Executive Dan Akerson on Tuesday to get an update on GM's business and initial public offering plans. The first face-to-face meeting between the new GM ... (Source: Reuters 2010-10-12T15:41:56Z)

Pfizer to acquire King Pharmaceuticals

NEW YORK, Oct. 12 (UPI) -- U.S. drugmaker Pfizer said Tuesday it had agreed to purchase King Pharmaceuticals Inc. for $3.6 billion or $14.25 per share. The price of the deal, agreed to by the boards of both companies, was set at a 40 percent premium above ... (Source: United Press International 2010-10-12T15:56:15Z)

Greece Raises $1.63 Billion in Bond Sale

ATHENS (AP) — Greece raised 1.17 billion euros ($1.63 billion) Tuesday in a sale of 26-week treasury bills that was both oversubscribed and saw a drop in borrowing costs. The sale, originally for 900 million euros, received bids worth 4.22 times the ... (Source: New York Times 2010-10-12T12:07:11Z)

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