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 16, 2010, 3:39 pm

Liverpool sale complete

Red Sox owner John Henry stretched his sports empire across the Atlantic yesterday, completing what amounted to a hostile takeover of Liverpool FC, one of the cornerstone teams of the English Premier League. Team owners Tom Hicks and George Gillett gave up ... (Source: Boston Globe 2010-10-16T15:30:02Z)

Liverpool confirms sale of soccer team to Red Sox owner

LONDON - Liverpool confirmed on Friday that the club was bought by New England Sports Ventures (NESV) after Tom Hicks and George Gillett lost their legal battle to stop the takeover. Hicks and Gillett, though, have threatened to sue the club for one ... (Source: Sacramento Bee 2010-10-16T22:03:44Z)

Hawker Beechcraft contract offer seeks pay cut to keep most of airplane maker's jobs in Kansas

Last update: October 13, 2010 - 3:56 PM WICHITA, Kan. - It was only two years ago that striking machinists at Hawker Beechcraft accepted a hard-fought, three-year labor contract after nearly a month on the picket lines. But that was before a global ... (Source: Minneapolis Star Tribune 2010-10-13T20:55:42Z)

New Attorney General Will Have Major Impact On Prop 8 Appeals

SAN FRANCISCO -- A University of California law school dean said Thursday that voters' choice of a new state attorney general in November could have a "profound impact" on legal battles over Proposition 8. "The new attorney general will play a huge role no ... (Source: BayInsider 2010-10-15T02:09:29Z)

NHL Sharks ink Thornton to extension

The NHL's San Jose Sharks signed captain Joe Thornton to a three-year, 21 million-dollar contract extension Thursday, insuring a key player won't be lost to free agency. The Sharks announced the deal hours before their home opener against Atlanta. It came ... (Source: Turkishpress.com 2010-10-16T22:10:53Z)

Hawker Beechcraft contract offer seeks pay cut to keep most jobs in Kansas

WICHITA, Kan. (AP) — Airplane-maker Hawker Beechcraft is offering its machinists a seven-year contract that includes a 10 percent pay cut and other concessions in a move to keep the majority of its 6,000 jobs in Kansas . The machinists union early ... (Source: Chicago Tribune 2010-10-16T20:23:31Z)

Trunkbow International plans $125M IPO

Chinese cell telephone application provider Trunkbow International Holdings Ltd. said Friday it hopes to raise $125.5 million in an initial public offering. The Beijing-based company detailed Friday in a regulatory filing that it intends to offer 16.1 ... (Source: AP - msnbc.com 2010-10-15T20:24:42Z)

Sharks lock up top player Thornton with 3-year extension

SAN JOSE, Calif. -- The San Jose Sharks signed captain Joe Thornton to a $21 million, three-year contract extension Saturday, locking up another key player before he could leave for free agency. The Sharks announced the deal hours before their home opener ... (Source: CBS Sports 2010-10-16T22:10:53Z)

U.S. Stocks Advance as Google Leads Tech Rally; Banks Tumble

U.S. stocks rose for a second week as Federal Reserve Chairman Ben S. Bernanke said more stimulus may be needed to protect the economic recovery and better-than- estimated earnings boosted investor confidence. Hewlett-Packard Co. and Cisco Systems Inc ... (Source: Bloomberg 2010-10-16T04:45:47Z)

UPDATE 1-Venezuela inks oil deal with Belarus-Chavez

MINSK, Oct 16 (Reuters) - Venezuelan President Hugo Chavez agreed on Saturday to supply the former Soviet republic of Belarus with 30 million tonnes of oil over three years from 2011 in a deal worth as much as $19.4 billion. Belarus has slashed imports of ... (Source: Reuters India 2010-10-16T18:21:49Z)

U.S. Businessman Freed From Iran After 30 Months Behind Bars

Carrying a small bag and showing a relieved smile, Reza Taghavi, a 71-year-old businessman from Los Angeles, walked out of Tehran's Evin prison today after 30 months behind bars. "Sometimes I feel relief, sometimes, I feel angry. What happened? 2 ½ years ... (Source: ABC News 2010-10-16T17:53:11Z)

San Jose Sharks captain Joe Thornton signs $21-million, three-year deal

The Canadian Press SAN JOSE, Calif. - Joe Thornton won't be testing the free-agent waters. The veteran centre signed a US$21-million, three-year extension with the San Jose Sharks, putting him under contract through the 2013-14 season. Thornton could have ... (Source: Big Hollywood 2010-10-16T21:42:15Z)

Machinists' union rejects contract with Hawker Beechcraft

Machinists from Hawker Beechcraft rejected the company's contract offer today in Kansas, casting doubt on the company's future in Wichita, The Wichita Eagle reported, raising the question whether that keeps Louisiana in contention for the company's ... (Source: Baton Rouge Advocate 2010-10-16T21:56:34Z)

UPDATE:NetSpend Delays IPO After Partner Bank's Regulatory Woes

Prepaid debit card company NetSpend Holdings Inc. is postponing its initial public offering until next week after its preferred issuing bank's regulatory problems cast a shadow over their partnership. NetSpend's IPO, which had been considered a strong deal ... (Source: Wall Street Journal 2010-10-14T18:17:02Z)

Warsaw Exchange Starts Share Sale, Extending IPO Boom

(Adds bourse earnings from eighth paragraph.) Oct. 14 (Bloomberg) -- The Warsaw Stock Exchange starts taking orders tomorrow for an initial public offering that will make it the first bourse operator in emerging Europe to go public. Bookbuilding for ... (Source: BusinessWeek 2010-10-14T07:18:29Z)

Venezuela inks oil deal with Belarus

MINSK (Reuters) - Venezuelan President Hugo Chavez agreed on Saturday to supply the former Soviet republic of Belarus with 30 million metric tones of oil over three years from 2011 in a deal worth as much as $19.4 billion. Belarus has slashed imports of ... (Source: msnbc.com 2010-10-16T18:28:59Z)

U.S. Stocks Gain for Second Week on Stimulus Bets, Earnings

Oct. 16 (Bloomberg) -- U.S. stocks rose for a second week as Federal Reserve Chairman Ben S. Bernanke said more stimulus may be needed to protect the economic recovery and better-than- estimated earnings boosted investor confidence. Hewlett-Packard Co. and ... (Source: BusinessWeek 2010-10-16T04:38:37Z)

Venezuela inks oil deal with Belarus-Chavez

MINSK Oct 16 (Reuters) - Venezuela signed a deal on Saturday to supply the former Soviet republic of Belarus with 30 million tonnes of oil in 2011-2013, President Hugo Chavez said. "You are allowing us to create new routes to sell our oil," Chavez told his ... (Source: Reuters India 2010-10-16T17:17:24Z)

Iran frees U.S. businessman held for 30 months: report

Iran has freed a 71-year-old U.S. businessman who had been held in prison for 2 1/2 years on accusations of giving money to an alleged anti-government group, ABC News reported on Saturday. "Sometimes I feel relief, sometimes, I feel angry," Reza Taghavi ... (Source: msnbc.com 2010-10-16T19:54:53Z)

Chavez lands deal with Russia to build nuclear plant

MOSCOW - Venezuelan President Hugo Chavez and Russian President Dmitry Medvedev on Friday announced a deal calling for Russia to build the Latin American country's first nuclear power plant with both leaders emphasizing the plan involves purely peaceful ... (Source: Charleston Gazette 2010-10-16T08:13:22Z)

Iran Releases American Man Held for 2 Years

WASHINGTON -- Iran on Saturday set free an American businessman jailed in Tehran for more than two years on suspicion on ties to an allegedly violent opposition group. Reza Taghavi, 71, hadn't been charged with a crime and denied knowingly supporting the ... (Source: FOX News 2010-10-16T22:18:03Z)

Friday Talking Points [143] -- Don't Ask, Don't Tell, Don't Appeal?

[OK, that was rather a fun title to write, but I have to at least begin with a warning that, while today's column is almost completely Obama-centric in focus, that only about the first third of it is going to deal with the gays-in-the-military issue -- the ... (Source: Huffingtonpost.com 2010-10-16T00:56:43Z)

Bernanke sees case for more Federal Reserve easing

U.S. Federal Reserve Chairman Ben Bernanke said on Friday there was a case for further monetary easing given high unemployment and low inflation, but he offered no details on the central bank's next step. It was the most explicit signal yet from Bernanke ... (Source: msnbc.com 2010-10-15T19:05:58Z)

Fed to buy Treasury bonds to spark economy, Bernanke says

The Federal Reserve is prepared to take further steps to rejuvenate the economy by buying Treasury bonds but is wrestling with how big the program should be, Chairman Ben Bernanke said Friday. Bernanke also indicated that Fed policymakers were trying to ... (Source: Kansas City Star 2010-10-16T04:17:09Z)

Most credit cards writedowns decline in September, but rates remain high; late payments slow

sns-ap-us-credit-card-charge-offs NEW YORK (AP) — Credit card default rates mostly fell in September, but improvements in late payments slowed for most of the major card issuers. American Express , Discover, Chase, Bank of America and Citibank all ... (Source: Chicago Tribune 2010-10-15T22:47:52Z)

Venezuela's president lands deal with Russia to build nuclear plant

Venezuelan President Hugo Chavez and Russian President Dmitry Medvedev on Friday announced a deal calling for Russia to build the Latin American country's first nuclear power plant with both leaders emphasizing the plan involves purely peaceful energy uses ... (Source: Kansas City Star 2010-10-16T04:09:59Z)

Ben Bernanke outlines risks Fed will take to help recovery

BOSTON - The Federal Reserve chairman, Ben Bernanke, went further Friday than he had of late in outlining the risks the central bank was prepared to take by pumping more money into the flagging recovery. In formal remarks in Boston, Bernanke explained a ... (Source: Minneapolis Star Tribune 2010-10-16T02:08:18Z)

Angry Hicks claims Liverpool 'swindle'

Former Liverpool co-owner Tom Hicks is "devastated" about the sale of the club and says it was "swindled away from me in an epic swindle". On Friday, New England Sports Ventures completed the £300million takeover of the club following a frenetic week that ... (Source: FOXSports.com 2010-10-16T10:22:13Z)

Russia, Venezuela sign nuclear deal

MOSCOW - Venezuelan President Hugo Chavez and Russian President Dmitry A. Medvedev on Friday announced a deal calling for Russia to build the Latin American country's first nuclear power plant, with both leaders emphasizing the plan involves purely ... (Source: Philadelphia Daily News 2010-10-16T07:01:47Z)

Attorney general candidates offer differing visions of post

In a searing first debate, state attorney general candidates Steve Cooley and Kamala Harris on Tuesday traded shots over their differing visions for California's top law enforcement job, with Cooley hammering on his opponent's opposition to the death ... (Source: Los Angeles Times 2010-10-04T23:58:11Z)

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