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 19, 2010, 10:40 pm

JetBlue Flight Attendant Steven Slater Avoids Jail

Steven Slater , the JetBlue flight attendant and self-professed "bag Nazi" who made a dramatic emergency slide exit from a JetBlue plane in August, pleaded guilty today to criminal mischief charges as part of a deal to avoid jail time. Appearing in Queens ... (Source: ABC News 2010-10-19T17:21:00Z)

JetBlue 'I'm Outta Here' Guy Avoids Jail

The JetBlue Airways Corp. flight attendant whose job-quitting meltdown landed him in court avoided jail time in a plea deal Tuesday that requires him to undergo counseling and treatment for a least a year. Steven Slater spoke politely and calmly as he ... (Source: NPR News 2010-10-19T19:44:10Z)

Brilliant Cliff Lee, Texas Rangers Dominate New York Yankees in ALCS Game 3

For the first time in my time as a baseball observer, the Texas Rangers have a decent pitching staff. Since their move to Arlington from our nation's capital in 1972, they have been known more for humidity and homeruns than their pitching prowess. Since ... (Source: Gather.com 2010-10-19T22:28:48Z)

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)

Reportlinker Adds Melamine: World Market Outlook and Forecast

The report analyzes worldwide markets for Melamine, including Europe , Asia , North America . It provides the most complete and current analytical account of the following areas: Melamine producers, plant-by-plant capacities, supply/demand, future demand ... (Source: Yahoo Finance 2010-10-19T17:35:19Z)

Platinum Equity buys American Commercial Lines

American Commercial Lines Inc. is being sold to an affiliate of Beverly Hills' Platinum Equity in a deal valued at about $777 million, the companies announced Monday. The deal has been recommended unanimously by a special committee of independent directors ... (Source: Birmingham Business Journal 2010-10-18T20:56:56Z)

EU ministers near deal on hedge funds

EU officials say they are near an agreement on new regulations for hedge funds. Governments have been wrestling for months over a so-called European passport for the freewheeling funds, which cater to rich and institutional investors. The passport would ... (Source: AP - msnbc.com 2010-10-19T10:04:21Z)

Collins clicks as Titans roll over Jaguars

JACKSONVILLE, Fla. -- Vince Young watched from the sideline. David Garrard was in the locker room. Both starting quarterbacks were knocked out of last night's game, turning things over to veteran Kerry Collins and recently signed Trent Edwards. The backups ... (Source: New York Post 2010-10-19T14:50:41Z)

Northeast Utilities and Nstar to create New England's biggest utility with $4.17 billion deal

NEW YORK (AP) — Northeast Utilities will buy Nstar for $4.17 billion, forming the biggest New England utility company with 3.5 million electric and gas customers in three states. The companies and industry analysts expect some of the savings from the ... (Source: Chicago Tribune 2010-10-18T19:31:02Z)

Dynegy To Investors: Blackstone Deal or Bust

Responding to complaints from some investors, including Carl Icahn , energy firm Dynegy said there is "significant downside risk" to shareholders if they turn down a pending sale to Blackstone Group for $542 million. The full letter from Dynegy is ... (Source: Wall Street Journal 2010-10-19T13:31:56Z)

Greek minister: No further bailout needed in 2013

Greek finance minister George Papaconstantinou says that there will be no need for a new emergency bailout loan when the current one expires in 2013 but refuses to rule out extending the repayment period. Papaconstantinou says in an interview published ... (Source: AP - msnbc.com 2010-10-17T21:48:14Z)

Dynegy again defends Blackstone deal

NEW YORK (Reuters) - U.S. power company Dynegy Inc ( DYN.N ) defended on Tuesday its proposed sale to private equity firm Blackstone Group LP ( BX.N ), which has come under fire from investor Carl Icahn. Blackstone agreed to buy the struggling power ... (Source: Reuters 2010-10-19T14:00:34Z)

Rangers pound Yankees to brink of elimination in ALCS

New York — No disputing this: The Texas Rangers are routing the New York Yankees and are now just one win from their first trip to the World Series. Bengie Molina hit a go-ahead, three-run homer off A.J. Burnett in the sixth inning, Josh Hamilton added a ... (Source: Detroit News 2010-10-20T05:31:09Z)

UPDATE 1-Dynegy agains defends Blackstone deal

NEW YORK Oct 19 (Reuters) - U.S. power company Dynegy Inc ( DYN.N ) defended on Tuesday its proposed sale to private equity firm Blackstone Group LP ( BX.N ), which has come under fire from investor Carl Icahn. Blackstone agreed to buy the struggling power ... (Source: Reuters India 2010-10-19T13:31:56Z)

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)

Kerry Collins defeats Trent Edwards in battle of backups

Jacksonville, Fla. — Tennessee's Vince Young watched from the sideline. Jacksonville's David Garrard was in the locker room. Both starting quarterbacks were knocked out of Monday night's game, turning things over to veteran Kerry Collins and recently ... (Source: Detroit News 2010-10-19T19:29:51Z)

DragonWave and HFCL Address Strategic Indian Market by Forming Joint Venture

DELHI, INDIA--(Marketwire - 10/19/10) - DragonWave Inc. (TSX: DWI - News )(NASDAQ: DRWI - News ), a leading global supplier of packet microwave radio systems for mobile and access networks, and Himachal Futuristic Communications Ltd. (HFCL), one of India's ... (Source: Yahoo Finance 2010-10-19T20:12:48Z)

CPS agrees to build library inside Whittier

Chicago Public Schools agreed Monday to lease a field house next to Whittier Elementary School to a community group for $1 a year and build a library inside the school. The action comes as a group of Pilsen parents continued a sit-in to gain control of the ... (Source: Chicago Sun-Times 2010-10-19T08:59:55Z)

Young leaves Titans-Jags game with leg injury

JACKSONVILLE, Fla. (AP) -- Tennessee Titans quarterback Vince Young left the game midway through the first quarter when he fumbled the snap and Terrance Knighton of the Jacksonville Jaguars fell on his left leg. Young, who threw a 23-yard touchdown pass to ... (Source: CNN Sports Illustrated 2010-10-19T01:14:38Z)

EU Governments Reach Deal On Sanctions, Possible Treaty Changes

LUXEMBOURG (Dow Jones)--European Union governments reached a deal Monday to tighten rules governing the bloc's public finances, handing more power to the European Commission, the EU's executive arm, to act against countries that violate them. EU finance ... (Source: Wall Street Journal 2010-10-18T20:06:50Z)

IMF, markets discussing Greek debt repayment -Greece

ATHENS Oct 13 (Reuters) - The possibility of extending Greece's aid repayments in an EU/IMF bailout deal is being discussed within the IMF and in international markets, a Greek government spokesman said on Wednesday. "There is a discussion in the framework ... (Source: Reuters 2010-10-13T11:51:41Z)

Deal of the day: 250 new jobs at Groupon

A $3.5 million business investment package will create 250 new jobs at Chicago-based Groupon Inc., the nation's leading social shopping website, the governor's office announced Tuesday. Gov. Pat Quinn made the announcement Tuesday at Groupon's River West ... (Source: Chicago Sun-Times 2010-10-19T21:10:04Z)

JetBlue attendant who deployed chute slide in meltdown due in NYC court; plea deal possible

NEW YORK (AP) — The former flight attendant whose famous New York City meltdown landed him in court is scheduled for another hearing and may avoid jail time. Steven Slater was scheduled for a hearing Tuesday. He's charged with criminal mischief, reckless ... (Source: Chicago Tribune 2010-10-19T11:01:37Z)

CPS Offers Deal With Protesting Parents

Chicago Public Schools CEO Ron Huberman and a Chicago alderman late Monday afternoon offered a resolution to parents who'd taken a weeks-old protest from a Pilsen field house to the school district's Loop offices. The parents have been protesting the ... (Source: msnbc.com 2010-10-18T22:51:28Z)

American Commercial Lines to be sold

American Commercial Lines Inc. is being sold to an affiliate of Platinum Equity in a deal valued at about $777 million, the companies announced Monday. The deal has been recommended unanimously by a special committee of independent directors. It must be ... (Source: Birmingham Business Journal 2010-10-18T19:31:02Z)

Greece discussing prolonging EU/IMF aid repayment - finmin

ATHENS Oct 11 (Reuters) - Greece is discussing prolonging the repayment of a 110 billion euro ($153.4 billion) EU/IMF bailout deal, Finance Minister George Papaconstantinou told Greek Skai television on Monday. "It is an ongoing discussion, there is no ... (Source: Reuters 2010-10-11T16:40:23Z)

Jeffboat owner to be bought by private equity firm

A private equity firm has proposed to buy American Commercial Lines, owner of the Jeffboat shipyard in Jeffersonville, Ind., in a $777 million deal, the inland marine-shipping company said Monday. The company employs about 1,000 in Jeffersonville between ... (Source: Courier-Journal 2010-10-18T23:48:44Z)

CPS Offers Deal to Protesting Parents

Chicago Public Schools CEO Ron Huberman and a Chicago alderman late Monday afternoon offered a resolution to parents who'd taken a weeks-old protest from a Pilsen field house to the school district's Loop offices. The parents have been protesting the ... (Source: NBC Chicago 2010-10-18T22:51:28Z)

Texas Rangers lead New York Yankees 3-1 in ALCS

NEW YORK - No disputing this: The Texas Rangers are routing the New York Yankees and now just one win from their first trip to the World Series. Bengie Molina hit a go-ahead, three-run homer off A.J. Burnett in the sixth inning, Josh Hamilton added a pair ... (Source: AZCentral.com 2010-10-20T05:31:09Z)

Summary Box: EU nations reach deal on hedge funds

HEDGE FUNDS REINED IN: European finance ministers on Tuesday agreed to tighten regulation of hedge funds. The agreements sets out requirements for risk management and transparency about who runs the funds. BORDER CROSSING: The agreement introduces a ... (Source: AP - msnbc.com 2010-10-19T18:39:44Z)

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