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, 7:40 pm

Feds reject new St. Croix River bridge on scenic grounds

STILLWATER, Minn. (AP) - The National Park Service has rejected a proposed bridge over the St. Croix River, saying it would hurt the scenic and recreational values of the river. Friday's decision means the $668 million project won't move forward unless ... (Source: Eau Claire Leader-Telegram 2010-10-16T19:33:24Z)

GM to set aside 5% of IPO offering

Detroit — General Motors Co. has asked banks underwriting its initial public stock offering to set aside 5 percent of common stock shares for sale to more than 600,000 U.S. and Canadian workers, retirees and dealers, according to a Securities and ... (Source: Detroit News 2010-10-15T13:15:12Z)

National Park Service decision deals another blow to St. Croix River bridge supporters

A proposed bridge over the St. Croix River south of Stillwater can't be built because it would hurt the scenic and recreational values of the river, the National Park Service announced Friday. That means the $668 million project won't move forward unless ... (Source: Pioneer Press 2010-10-16T06:33:09Z)

College hoops kicks off with first night of practice

LEXINGTON, Ky. (AP) — Kentucky coach John Calipari raised his hand, calling for silence from the 22,000 who packed Rupp Arena on Friday night for Big Blue Madness. He gave a brief rundown of his dizzying first season with the Wildcats, when Kentucky won ... (Source: Sporting News 2010-10-16T05:00:06Z)

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 2010-10-17T01:02:41Z)

No. 9 Penn State Outlasts No. 19 Minnesota

UNIVERSITY PARK, Pa. - The No. 9 Penn State women's volleyball team defeated No. 19 Minnesota, 3-1 (25-22, 25-14, 21-25, 25-16), Friday night in front of 3,111 raucous Nittany Lion fans. Penn State is now 35-7 all-time against the Gophers (14-5, 4-3 Big ... (Source: NCAA.com 2010-10-16T06:04:31Z)

Report: World Cup votes offered for sale

LONDON, Oct. 16 (UPI) -- Two FIFA officials offered to sell their votes in the competition to host the 2018 World Cup, The Sunday Times of London reported. The newspaper said it had video of Nigerian Amos Adamu, a FIFA executive committee member ... (Source: United Press International 2010-10-16T23:01:00Z)

Seagate Receives Buyout Offer

Several private equity firms, including TPG , have made an offer to take over the hard drive maker Seagate Technology , a person briefed on the matter told DealBook on Thursday, in what would be the largest leveraged buyout this year. The bid comes just ... (Source: New York Times Blogs 2010-10-14T23:10:32Z)

TPG and K.K.R. Approach Seagate for Potential Deal

12:09 a.m. | Updated The private equity firms TPG and Kohlberg Kravis Roberts have made a preliminary approach to take over the hard drive maker Seagate Technology , people briefed on the matter said Thursday, in what would be the largest leveraged buyout ... (Source: New York Times Blogs 2010-10-15T11:34:59Z)

Russia, Venezuela sign nuke deal

MOSCOW: Venezuelan President Hugo Chavez reached a deal with Russia on Friday to build the South American country's first nuclear plant, as questions arose why a nation rich in oil and gas would feel the need to venture into atomic energy. The two nations ... (Source: Arab News 2010-10-15T19:48:55Z)

MLB notebook: Baylor won't return as Rockies hitting coach

Don Baylor is being replaced as the Colorado Rockies` hitting coach by former major league infielder Carney Lansford. Baylor has been offered a special assistant role in the organization, and the club said he is considering that offer. Baylor, 61, was the ... (Source: Daily Camera 2010-10-16T06:11:41Z)

FedExField student ticket sale on Monday; Bus trip also available

University Park, Pa. — On Monday, Oct. 18, Penn State students will be able to secure their spot in one of two specially designated student sections for the Nittany Lions' game vs. Indiana at FedExField on Nov 20. The sale will begin at 10 a.m. at the ... (Source: Digital Collegian 2010-10-15T13:51:00Z)

Wichita Mayor reacts to vote outcome

Wichita mayor, Carol Brewer, says he's disappointed with the outcome of the machinist's union vote. Fifty-five percent of the union voted against a contract offered to them by Hawker-Beechcraft. He hoped the workers would accept the offer. He thought they ... (Source: KWCH.com 2010-10-17T02:14:16Z)

Russia agrees to build nuclear plant in Venezuela

Venezuelan President Hugo Chavez reached a deal with Russia on Friday to build the South American country's first nuclear plant, as questions arose why a nation rich in oil and gas would feel the need to venture into atomic energy. The two nations also ... (Source: AP - msnbc.com 2010-10-15T18:23:01Z)

TPG Said to Be in Talks to Acquire Seagate With KKR

(Adds investor's comment in fourth paragraph.) Oct. 15 (Bloomberg) -- TPG Capital and KKR & Co. are in talks to acquire Seagate Technology Plc, a deal that would mark the disk-drive maker's second leveraged buyout in a decade, according to people with ... (Source: BusinessWeek 2010-10-15T05:29:55Z)

Big doings in Kentucky's Blue Madness

LEXINGTON, Ky -- LEXINGTON, Ky. - Something old: the five first-round picks in June's NBA Draft. Something new: The promise of freshmen like Brandon Knight, Doron Lamb and Terrence Jones. Something borrowed: The DJ of the Washington Wizards, who goes by ... (Source: Lexington Herald-Leader 2010-10-16T10:00:45Z)

GM stock set aside for workers, dealers

DETROIT (AP) — General Motors Co. and its Wall Street bankers are setting aside 5 percent of the shares to be sold in next month's initial sale of stock for GM's employees, car dealers and retirees. That detail was included in a regulatory filing ... (Source: Columbia Daily Tribune 2010-10-15T21:21:58Z)

Calipari talks to UK fans at Midnight Madness

LEXINGTON, Ky. -- Kentucky coach John Calipari raised his hand, calling for silence from the 22,000 who packed Rupp Arena on Friday night for Big Blue Madness. He gave a brief rundown of his dizzying first season with the Wildcats, when Kentucky won 35 ... (Source: CBS Sports 2010-10-16T04:52:56Z)

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)

FIFA looks into bribery claims in World Cup

LONDON - FIFA said it will examine evidence from a British newspaper alleging that two executive committee members offered to sell their votes on World Cup hosts. The Sunday Times filmed Amos Adamu of Nigeria and Oceania Football Confederation president ... (Source: Tampa Bay Online 2010-10-17T02:07:07Z)

Don Baylor won't return as Rockies hitting coach

D ENVER — Don Baylor is being replaced as the Colorado Rockies hitting coach by former major league infielder Carney Lansford. Baylor has been offered a special assistant role in the organization, and the club said he is considering that offer. Baylor ... (Source: Boston Herald 2010-10-16T11:26:39Z)

Rockies remove Baylor as hitting coach

DENVER ? Don Baylor is being replaced as the Colorado Rockies hitting coach by former major league infielder Carney Lansford. Baylor has been offered a special assistant role in the organization, and the club said he is considering that offer. Baylor, 61 ... (Source: msnbc.com 2010-10-15T22:12:05Z)

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)

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)

Sale of Liverpool soccer team another loss for Tom Hicks

Tom Hicks lost his soccer team Friday after pulling his own legal punches, allowing the Liverpool Football Club's board to sell the storied franchise out from under him. It's the latest humiliation in sports ownership for Hicks, who appears to be on his ... (Source: Dallas Morning News 2010-10-16T04:52:56Z)

Chavez clinches energy, nuclear deals on Russia visit

AFP - Venezuela's maverick President Hugo Chavez clinched a host of deals Friday to boost a burgeoning relationship with Russia, including an accord to build the first nuclear power plant in his country. As well as the accord for Russia to build and ... (Source: France 24 2010-10-15T16:49:57Z)

Penn State basketball student ticket sale set for Thursday

University Park, Pa. — Penn State students eager to see the final campaign of two-time All-Big Ten point-guard Talor Battle and a senior-laden Nittany Lion basketball team or the 2010-11 edition of the Lady Lions coming off a 2010 WNIT berth will have ... (Source: Digital Collegian 2010-10-06T13:47:21Z)

National Park Service says no to St. Croix River bridge

St. Paul, Minn. — The National Park Service on Friday said a proposed bridge over the St. Croix River near Stillwater can't be built. In a letter to the Federal Highway Administration, the park service said constructing the bridge would "fundamentally ... (Source: Marketplace.publicradio.org 2010-10-15T19:34:36Z)

GM, bankers set aside 5 pct of common stock to be sold in IPO for employees, retirees, dealers

FILE - This April 21, 2009 file photo shows General Motors world headquarters in Detroit. Five percent of General Motors' common shares are being set aside for employees and dealers to buy in the company's initial stock sale. (AP Photo/Paul Sancya, file ... (Source: Republic 2010-10-15T03:28:14Z)

FIFA to investigate bribery claims for World Cup vote

LONDON, Oct. 17 (Xinhua) -- FIFA will examine evidence from a British newspaper alleging that two FIFA officials offered to sell their votes on which country will host the 2018 World Cup, said the world football's governing body on Sunday. LONDON, Oct. 17 ... (Source: Xinhua News Agency 2010-10-17T01:52:48Z)

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