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 18, 2010, 7:39 pm

Rio Tinto BHP scrap $120B deal as regulators balk

BHP Billiton Ltd. and Rio Tinto Group abandoned a plan to create the world's largest iron-ore exporter after regulators from Europe to Asia were concerned it would limit competition. The changes, including asset sales, demanded by regulators were ... (Source: Salt Lake Tribune 2010-10-18T21:25:34Z)

Chad Carr gets chance for plea in toddler death

A man accused of murdering a 19-month-old North Newton boy will get an opportunity at a plea deal. Chad Carr of North Newton is charged in the death of his girlfriend's son, Vincent Hill, on March 27 in North Newton. Carr was home alone with the boy the ... (Source: Newton Kansan 2010-10-16T13:21:11Z)

Lt. governor hopefuls offer experience, charisma

The lieutenant governor of California occupies an office with more responsibility than real power. Besides the most important function -- acting as chief executive when the governor is away -- the state's second in command sits on the California Emergency ... (Source: San Jose Mercury News 2010-10-17T07:00:36Z)

Newton charged in toddler's death will get an opportunity at plea deal

NEWTON, Kan. (AP) — A man charged in the death a 19-month-old North Newton boy will get an opportunity at a plea deal. Chad Carr of North Newton is charged with first-degree murder in the death of his girlfriend's son, Vincent Hill, on March 27 in ... (Source: fox4kc.com 2010-10-17T23:21:17Z)

Northeast in $4.3 Billion Stock Deal for NStar

8:31 a.m. | Updated Northeast Utilities said on Monday that it had agreed to acquire NStar for $4.3 billion in stock in a merger that would create one of the biggest power utility companies in the country. The deal is among the largest utility mergers this ... (Source: New York Times Blogs 2010-10-18T15:34:49Z)

Asian Stocks Decline After BHP, Rio Cancel Deal; Banks Retreat

Monday, October 18, 2010 Oct. 18 (Bloomberg) -- Asian stocks fell having completed a seventh weekly advance, with material companies leading declines after BHP Billiton Ltd. and Rio Tinto Group scrapped a joint venture and commodity prices slumped. BHP ... (Source: San Francisco Gate 2010-10-18T21:18:25Z)

Abel Maldonado, Gavin Newsom set to debate

Republican Abel Maldonado and Democrat Gavin Newsom will face off at 3 p.m. Thursday in a debate between the two major party candidates for California lieutenant governor. Maldonado, a former state senator, was appointed to the post by Gov. Arnold ... (Source: Los Angeles Times 2010-10-07T21:52:56Z)

Bankers Take Blows from Evaporated Rio Tinto-BHP Deal

How dare Rio Tinto and BHP Billiton drop plans for their $116 billion iron-ore joint venture, which the companies did over the weekend under opposition from regulators and rivals? Won't someone please think of the bankers? The scrapped deal dents the ... (Source: Wall Street Journal 2010-10-18T21:32:44Z)

Abbas: Claims to end with statehood

JERUSALEM (AP) - Palestinian President Mahmoud Abbas said yesterday that the Palestinians are willing to end all historic claims against Israel once they get their state as part of a peace deal. An end-of-claims declaration is a long-standing Israeli ... (Source: Columbus Dispatch 2010-10-18T10:34:10Z)

Northeast Utilities to buy Nstar in $4.17 bln deal as it ramps up projects tied to renewables

Northeast Utilities will buy Nstar for $4.17 billion, forming one of the nation's biggest utility companies with 3.5 million electric and gas customers in three New England states. The acquisition should help Northeast pay for large transmission projects ... (Source: Los Angeles Times 2010-10-18T14:37:33Z)

Fox, Cablevision back at table as blackout looms

News Corp.'s Fox and Cablevision said today they were returning to the negotiating table in an effort to end a programming deal impasse that could deprive some 3 million cable subscribers of baseball playoff and football games in the New York and ... (Source: New York Post 2010-10-16T17:10:14Z)

KKR Perpetual Bid May Spark M&A in Fourth-Biggest Pool of Funds

Oct. 19 (Bloomberg) -- Kohlberg Kravis Roberts & Co.'s offer of as much as A$1.75 billion ($1.73 billion) for Perpetual Ltd. may spur consolidation among Australian firms that help oversee the world's fourth-biggest pool of managed funds. "If you ... (Source: BusinessWeek 2010-10-18T12:57:20Z)

BHP Faces Pressure to Win Potash After Rio Plan Fails

(Updates with shares in fifth paragraph.) Oct. 19 (Bloomberg) -- BHP Billiton Ltd. Chief Executive Officer Marius Kloppers faces greater pressure to win a hostile $40 billion bid for Potash Corp. of Saskatchewan Inc. after scrapping his second deal with ... (Source: BusinessWeek 2010-10-18T23:55:53Z)

Settlement Conference Set For Man In Baby's Death

A man charged in the death a 19-month-old North Newton boy will get an opportunity at a plea deal. Chad Carr of North Newton is charged with first-degree murder in the death of his girlfriend North Newton. The Newton Kansan reports that during a hearing ... (Source: KAKE TV 2010-10-16T23:58:16Z)

Northeast Utilities to buy Nstar in $4.17B deal

BOSTON  -- Northeast Utilities will buy New England energy company Nstar in a stock-for-stock deal valued at $4.17 billion, forming one of the biggest utility companies in the country. The combined company, will own six regulated gas and electric ... (Source: msnbc.com 2010-10-18T13:40:17Z)

With statehood, Palestine ready to end all claims against Israel

RAMALLAH, West Bank (AP) -- Palestinian President Mahmoud Abbas says the Palestinians are willing to end all historic claims against Israel once they get their state as part of a peace deal. An end-of-claims declaration is a long-standing Israeli demand ... (Source: KXTV News10Net 2010-10-17T22:59:49Z)

Asian stocks mostly lower, Google boosts Nikkei

Asian stock markets were mostly lower Monday, but Japanese tech shares were boosted by Google's strong earnings. Oil prices fell below $81 a barrel as a month-long rally lost momentum amid the U.S. dollar rising moderately from recent lows. The dollar's ... (Source: AP - msnbc.com 2010-10-18T05:26:21Z)

The truth behind 10 big lies this election year

WASHINGTON — Truth may be stranger than fiction in this strange election year, with its talk of witches and demon sheep and all that hocus pocus — but there has been plenty of fiction, too. Candidates and outside attack dogs have spread a liberal dose ... (Source: Houston Chronicle 2010-10-17T04:51:45Z)

RI's Green Airport to get rail link by year's end

WARWICK, R.I.— Officials are hailing the news that a deal has been struck to provide commuter rail service to T.F. Green Airport in Warwick by year's end. The deal bringing Massachusetts Bay Transportation Authority trains from Boston through Providence ... (Source: Boston Globe 2010-10-13T22:35:55Z)

KKR Perpetual Bid May Spark Australian Funds Mergers

(Updates with analyst's comment in fourth paragraph.) Oct. 19 (Bloomberg) -- Kohlberg Kravis Roberts & Co.'s offer of as much as A$1.75 billion ($1.73 billion) for Perpetual Ltd. may spur consolidation among Australian firms overseeing the world's ... (Source: BusinessWeek 2010-10-18T23:27:15Z)

Abbas: Palestinians ready to end all historic claims against Israel once they get their state

Palestinian President Mahmoud Abbas says the Palestinians are willing to end all historic claims against Israel once they get their state as part of a peace deal. An end-of-claims declaration is a long-standing Israeli demand, and Abbas addressed the issue ... (Source: St. John's Telegram 2010-10-17T21:48:14Z)

Fox pulls channels off Cablevision, threatening baseball playoffs for NY, Philly viewers

News Corp.'s Fox pulled its channels off Cablevision early Saturday after the companies' programming deal expired and negotiations for a new one stalled, threatening broadcasts of baseball playoffs for some 3 million Cablevision subscribers in New York and ... (Source: Minneapolis Star Tribune 2010-10-16T11:05:10Z)

Sumitomo to Overtake Ford as Mazda's Top Shareholder

(Closes share price in fifth paragraph.) Oct. 18 (Bloomberg) -- Sumitomo Mitsui Financial Group Inc. expects to overtake Ford Motor Co. as the largest shareholder in Mazda Motor Corp., according to the bank's chairman. The company will become the leading ... (Source: BusinessWeek 2010-10-18T07:35:12Z)

Fox, Cablevision trying to settle dispute in time for games

NEW YORK -- News Corp.'s Fox and Cablevision said Saturday they were returning to the negotiating table in an effort to end a programming deal impasse that could deprive some 3 million cable subscribers of baseball playoff and football games in the New ... (Source: CBS Sports 2010-10-16T19:04:46Z)

Stock index futures fall as eyes on Citi and IBM

NEW YORK (Reuters) Stock index futures pointed to a lower open on Wall Street on Monday, with futures for the S&P 500 down 0.54 percent, Dow Jones futures down 0.63 percent and Nasdaq 100 futures down 0.51 percent at 4:56 a.m. ET. * All eyes were on ... (Source: msnbc.com 2010-10-18T10:27:00Z)

Providence's Green Airport to get rail link

WARWICK, R.I. (AP) — Rhode Island transportation officials say a deal has been struck to provide rail service to T.F. Green Airport in Warwick. Kevin Dillon, president of the Rhode Island Airport Corp., the agency that runs Green, welcomed the news ... (Source: USA Today 2010-10-13T15:33:35Z)

Under freedom deal, American visits site of Iran blast

TEHRAN, Iran -- An Iranian-American businessman freed after more than two years in Tehran's main prison visited survivors of a deadly 2008 mosque bombing as a condition of his release in a scripted event Sunday that could carry propaganda value at home ... (Source: Pittsburgh Post-Gazette 2010-10-18T04:43:25Z)

Deal struck for train service to T.F. Green Airport in Warwick

The state Department of Transportation and three railroads have reached a deal to begin commuter train service connecting T.F. Green Airport to Providence and Boston this fall, according to Rhode Island officials. The station, with 800 parking spaces for ... (Source: Providence Journal 2010-10-13T03:01:58Z)

American visits Iran blast site under freedom deal

TEHRAN, Iran—An Iranian-American businessman freed after more than two years in Tehran's main prison visited survivors of a deadly 2008 mosque bombing as a condition of his release in a scripted event that could carry propaganda value at home. Iranian ... (Source: San Jose Mercury News 2010-10-18T12:50:10Z)

U.S. Hikers Spend 444th Day in Prison in Iran

Fattal's brother Alex said it's a milestone the hikers and their families never expected to reach. But it's now clear they will add to it. Iranian officials tell ABC News they will face trial for spying. The hikers' continued detention stands in contrast ... (Source: ABC News 2010-10-18T21:32:44Z)

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