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 13, 2010, 9:40 pm

Sampling of editorials from NY state

Power corrupts, as the saying goes, and former state Comptroller Alan Hevesi is the poster boy right now. As the sole guardian of New York's gargantuan pension fund, Hevesi accepted nearly $1 million in gifts in a pay-to-play investment scheme. Last week ... (Source: Times Union 2010-10-13T13:17:35Z)

Lions Gate Entertainment proposes to combine with MGM, gets financier Carl Icahn's support

NEW YORK (AP) — 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 ... (Source: Chicago Tribune 2010-10-12T12:00:01Z)

Done deal: Chargers will pay LT McNeill $48.5M over five years

There are no hard feelings between the San Diego Chargers and Marcus McNeill , just a contract extension. The Chargers officially announced Wednesday night that had agreed to a new deal with the two-time Pro Bowl left tackle, who missed training camp and ... (Source: NFL 2010-10-14T02:17:50Z)

Hevesi pleads guilty to felony linked to pension fund

ALBANY — Former state Comptroller Alan Hevesi pleaded guilty Thursday to a felony public-corruption charge in a massive pay-to-play scandal involving the state pension fund. In his plea deal, Hevesi, a Democrat, admitted that about $1 million from a ... (Source: Poughkeepsie Journal 2010-10-08T13:44:59Z)

Verizon's Android Success Augurs Well for Its iPhone

Verizon Wireless's embrace of Google Inc.'s Android operating system did more than provide the carrier with devices to compete with the iPhone. It also gave the company experience dealing with the data hogs who can hobble a wireless network. That ... (Source: Wall Street Journal 2010-10-13T21:38:39Z)

Chargers holdout McNeill agrees to five-year deal

SAN DIEGO -- Chargers left tackle Marcus McNeill has agreed to a five-year contract extension through 2015 believed to be worth $48.5 million, with $24.5 million guaranteed. McNeill said after practice Wednesday that the sides were still tweaking the deal ... (Source: CBS Sports 2010-10-14T03:29:25Z)

Liverpool sale to Red Sox owners headed for another court battle

LONDON (AP) — Liverpool 's proposed sale to the owners of the Boston Red Sox was stymied Wednesday when its current American owners obtained an injunction in Texas blocking the deal — just as it was about to be approved. Co-owners Tom Hicks and George ... (Source: USA Today 2010-10-14T00:08:59Z)

Japanese game company DeNA snaps up Ngmoco for $400 million

Japanese mobile Internet company DeNA Co. has bought iPhone game developer Ngmoco Inc. for a tidy $300 million in cash, plus an additional $100 million if the company meets certain financial targets before the end of 2011. Ngmoco, founded two years ago by ... (Source: Los Angeles Times 2010-10-12T23:34:22Z)

WSJ: Verizon's iPhone due early in 2011

The Wall Street Journal's online edition says that Apple's exclusive deal with AT&T will end by early next year, and that Verizon will start offering its own version of the iPhone: Apple Inc. plans to begin mass producing a new iPhone by the end of 2010 ... (Source: Philadelphia Daily News 2010-10-06T23:27:10Z)

Apple Readies Verizon iPhone

AT&T Inc. is about to lose its lock on the iPhone. Apple Inc. is making a version of its iPhone that Verizon Wireless will sell early next year, according to people familiar with the matter, ending an exclusive deal with AT&T and sharpening the competition ... (Source: Wall Street Journal 2010-10-07T03:37:43Z)

Frontier Airlines to Provide Travelers With Flexibility in Advance of Hurricane Paula

DENVER-- (BUSINESS WIRE) -- In response to the potential impact of Hurricane Paula, Frontier Airlines has put the following travel policy guidelines into place for customers scheduled to travel to or from Cancun (CUN) on Oct. 13-14, 2010, and who purchased ... (Source: SmartBrief 2010-10-12T20:13:57Z)

Prosensa Earns £7.5M from GSK on Positive Phase IIa Data with Antisense DMD Drug

Dutch biopharmaceutical company Prosensa received a £7.5 million (about $12 million) milestone payment from GlaxoSmithKline (GSK) on the achievement of successful data from a Phase IIa trial with the Duchenne muscular dystrophy (DMD) candidate GSK2402968 ... (Source: Genetic Engineering News 2010-10-13T13:31:54Z)

Christine O'Donnell takes jabs at Coons in Delaware Senate debate

"Tea party" -backed Republican Christine O'Donnell went on the offense Wednesday in Delaware's first Senate debate, hurling sound bites at Democrat Chris Coons, who gamely tried to adhere to discussing points of policy. The campaign so far has largely ... (Source: Los Angeles Times 2010-10-14T04:12:22Z)

Christine O'Donnell, Chris Coons spar in Delaware debate

NEWARK, Del. - Republican Senate candidate Christine O'Donnell, the tea-party sensation, questioned Democratic opponent Chris Coons' patriotism in a nationally televised debate Wednesday evening, calling him a Marxist who would "rubber-stamp" the ... (Source: Philadelphia Daily News 2010-10-14T03:15:06Z)

Lions Gate execs call MGM merger 'natural fit'

SANTA MONICA, Calif. -- Lions Gate Entertainment Corp. executives on Wednesday called the company's proposed merger with struggling Metro-Goldwyn-Mayer Studios Inc. a "once-in-a-lifetime opportunity" that would cut costs as it neatly melds complementary ... (Source: Forbes 2010-10-14T02:03:31Z)

Prosensa receives GBP7.5m milestone payment under programme with GlaxoSmithKline for ...

Disclaimer: The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves ... (Source: TradingMarkets.com 2010-10-13T13:39:03Z)

Chargers' McNeill agrees to 5-year extension

SAN DIEGO – Chargers left tackle Marcus McNeill has agreed to a five-year contract extension through 2015 believed to be worth $48.5 million, with $24.5 million guaranteed. McNeill said after practice Wednesday that the sides were still tweaking the deal ... (Source: FOX News 2010-10-14T02:03:31Z)

Soccer-Liverpool plan to complete sale to NESV

LONDON Oct 13 (Reuters) - Liverpool's board resolved to complete the sale of the Premier League club to New England Sports Ventures (NESV) on Wednesday, the club said in a statement. Owners Tom Hicks and George Gillett obtained a temporary restraining ... (Source: Reuters 2010-10-13T22:50:14Z)

Republic Airways CEO works as flight attendant in 'Undercover Boss'

While overseeing the merger of two airlines, Republic Airways Holdings Inc. CEO Bryan Bedford donned a toupee, put on a flight attendant's uniform, and went undercover to hear and see what his employees are saying. He got a close look at how some workers ... (Source: Milwaukee Journal Sentinel 2010-10-14T04:19:31Z)

Christine O'Donnell, Chris Coons Trade Barbs in Delaware Debate

In their nationally-televised debate Wednesday, Delaware U.S. Senate candidates Christine O'Donnell and Chris Coons each displayed polarizing views of government and contempt for the way each has been characterized in this campaign. O'Donnell, a former ... (Source: ABC News 2010-10-14T03:15:06Z)

Japanese company DeNA buys iPhone game developer Ngmoco for $400 million

Japanese mobile Internet company DeNA Co., intent on establishing a broad mobile games business in the U.S., has bought iPhone game developer Ngmoco Inc. for $300 million in cash, plus an additional $100 million if the company meets undisclosed financial ... (Source: TradingMarkets.com 2010-10-13T09:07:02Z)

Republic's Frontier May Seek Marketing Deal With Major Airline

Frontier Airlines, a unit of Republic Airways Holdings Inc. , may seek a marketing agreement with a major carrier as industry collaboration expands, Republic Chief Executive Officer Bryan Bedford said. Bedford declined to offer specifics during a telephone ... (Source: Bloomberg 2010-10-11T18:34:55Z)

Icahn supports Lions Gate, MGM merger

NEW YORK (Reuters) - Lions Gate Entertainment Corp has proposed merging with Metro-Goldwyn-Mayer, in a deal that would combine two Hollywood studios that have thrilled audiences with hits including "Mad Men" and "James Bond". The proposal immediately won ... (Source: Reuters 2010-10-12T14:44:40Z)

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)

Pfizer to buy King Pharmaceuticals

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. That's a ... (Source: Today's THV 2010-10-12T16:53:31Z)

Hevesi pleads guilty to public corruption charge

ALBANY -- Former state Comptroller Alan Hevesi pleaded guilty Thursday to a felony public corruption charge in a massive pay-to-play scandal involving the state pension fund. In his plea deal, Hevesi, a Democrat, admitted that about $1 million from a ... (Source: Press & Sun-Bulletin 2010-10-08T03:36:32Z)

Liverpool sale headed for another court battle

L ONDON — Liverpool's proposed sale to the owners of the Boston Red Sox [ team stats ] was stymied Wednesday when its current American owners obtained an injunction in Texas blocking the deal — just as it was about to be approved. Co-owners Tom Hicks ... (Source: Boston Herald 2010-10-14T04:05:12Z)

Pfizer to buy Bristol, Tenn.-based King Pharmaceutical for $3.6B

Price: $3.6 billion, or $14.25 per share. Advantage for Pfizer: The deal expands Pfizer's portfolio and would give it access to King's pain drugs and drug candidates, along with the allergy injection EpiPen, treatments for exposure to nerve agents and ... (Source: Knoxville News Sentinel 2010-10-13T00:45:57Z)

Prosensa Earns £7.5M Milestone from GSK through Antisense DMD Drug Deal

Dutch biopharmaceutical company Prosensa received a £7.5 million (about $12 million) milestone payment from GlaxoSmithKline ( GSK ) on the achievement of successful data from a Phase IIa trial with the Duchenne muscular dystrophy (DMD) candidate ... (Source: Genetic Engineering News 2010-10-13T14:14:51Z)

DeNA Deal Justifies iPhone Fund

Kleiner Perkins Caufield & Byers' move to form a venture fund dedicated to iPhone applications has already paid off, with the buyout of mobile-game publisher Ngmoco Inc. for up about $400 million. The acquisition by Japanese social videogame developer ... (Source: Wall Street Journal 2010-10-13T08:38:24Z)

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