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, 6:40 pm

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)

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)

TEXAS FAITH: Should non-Hindus beware of yoga?

Here's what we posed this week to the Texas Faith panel: The president of Southern Baptist Theological Seminary, Albert Mohler, caused a stir with a recent column decrying the practice of yoga by Christians. He did a follow-up, not backing down, but noting ... (Source: Religionblog.dallasnews.com 2010-10-19T19:08:22Z)

Yuan Bond Sale in Hong Kong Sees Strong Demand

HONG KONG—The Asian Development Bank said Tuesday it sold 1.2 billion yuan (US$180 million) in yuan-denominated bonds, more than it initially targeted, after the offering met strong demand from investors. It was the first sale of yuan-denominated bonds ... (Source: Wall Street Journal 2010-10-19T12:13:12Z)

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)

Kansas guarding details of aviation job deal

TOPEKA, Kan.—Kansas officials hoped Wednesday to thwart new attempts to lure aviation jobs away from Wichita by withholding details of an agreement between the state and manufacturer Hawker Beechcraft. Gov. Mark Parkinson hints that the deal might ... (Source: San Jose Mercury News 2010-10-07T00:17:17Z)

UPDATE 1-Enel starts Europe's biggest IPO, eyes 3.4 bln euros

MILAN, Oct 18 (Reuters) - Enel SpA kicks off the sale of almost a third of renewable arm Enel Green Power (EGP) on Monday, targeting up to 3.4 billion euros ($4.8 billion) in Europe's biggest initial public offering in three years. The Italian power group ... (Source: CNBC 2010-10-18T07:13:44Z)

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)

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)

Not-for-profit pedestal is shaky

"Philadelphia Scandal Underscores Pitiful State of Public Housing Oversight," read Jonathan Berr's Aug. 28 report in the Daily Finance. It was a story about Carl Greene, the embattled director of the Philadelphia Housing Authority. He was put on paid ... (Source: Columbia Daily Tribune 2010-10-19T20:19:57Z)

ADB issues yuan bonds in Hong Kong

The Asian Development Bank said Tuesday it has issued its first yuan-denominated bonds in Hong Kong, as China promotes international use of its currency, also known as the renminbi. The Manila-based bank said in a statement the new bonds are the first ... (Source: AP - msnbc.com 2010-10-19T11:37:24Z)

Apple Fuels Rumor Mill With Verizon Retail Deal

Apple (NASDAQ: AAPL - News ) is putting the throttle down on iPad distribution ahead of the holidays, and competition from Google (NASDAQ: GOOG - News ) Android-powered peers. Best Buy Co. (NYSE: BBY - News ) has been selling the tablet since April, and ... (Source: Yahoo Finance 2010-10-14T16:15:21Z)

Factbox: Details of Enel Green Power IPO

(Reuters) - Italian power giant Enel kicked off the sale of almost a third of renewable energy arm Enel Green Power, targeting up to 3.4 billion euros ($4.75 billion) in what is set to be Europe's biggest initial public offering in three years. Following ... (Source: Reuters 2010-10-18T06:23:37Z)

Don't cry for Apple's share price

After Apple ( AAPL ) reported iPad sales and gross margin numbers that were lower than expected, the stock dropped nearly $20 in after-hours trading, dragging it below the $300-per-share line that was, for so many months, a psychological barrier. It may ... (Source: Fortune Tech 2010-10-19T11:08:46Z)

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)

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)

Hurt, Perriello oppose South Korea trade deal

State Sen. Robert Hurt yesterday said NAFTA-style trade agreements have devastated Southside Virginia's once-robust manufacturing industry. "I'm in favor of free trade but . . . I think it has to be fair trade," Hurt, a Republican, said in an editorial ... (Source: Charlottesville Daily Progress 2010-10-19T11:51:43Z)

EU executive still wants tougher debt rules

The EU executive commission said Tuesday it will still push for automatic fines to be levied on governments who flout euro spending rules — even though a French-German deal containing less drastic enforcement has won broad backing from elected ... (Source: AP - msnbc.com 2010-10-19T16:23:44Z)

P/$ Rate Stands at P43.235 to $1

MANILA, Philippines – The peso exchange rate stands at P43.235 to the US dollar, the closing rate on Monday at the Philippine Dealing & Exchange Corp. (PDEx). The weighted average rate stands at P43.251. B.O.P. SURPLUS READJUSTED TO $6.45 B IN SEPT. The ... (Source: Manila Bulleting Online 2010-10-19T17:28:10Z)

Dodgers sign LHP Lilly to 3-year, $33M deal

LOS ANGELES -- Pitcher Ted Lilly signed a three-year, $33 million deal on Tuesday to return to the Los Angeles Dodgers . General manager Ned Colletti said Tuesday that Lilly helped stabilize the Dodgers' rotation after he was acquired in a deal with the ... (Source: CBS Sports 2010-10-20T00:59:08Z)

Why most iPad rivals are already doomed

Where do people shop? Target has the iPad . Wal-Mart has the iPad. Best Buy has the iPad. Amazon.com has the iPad. Even AT&T and Verizon Wireless stores will soon have the iPad -- and the iPad 3G functionality won't even work with the Verizon network (so ... (Source: Infoworld 2010-10-19T23:54:42Z)

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)

Ted Lilly finalizes Dodgers deal

The Los Angeles Dodgers finalized a three-year, $33 million agreement with Ted Lilly on Tuesday after the veteran left-hander passed a physical examination. The deal ensures that at least three of the team's starting pitchers from 2010 will be back in the ... (Source: ESPN.com 2010-10-20T00:01:52Z)

Marchionne Makes Final Push to Fix Alfa Romeo as VW Circles Unit

Oct. 20 (Bloomberg) -- Fiat SpA Chief Executive Officer Sergio Marchionne, rejecting overtures from Volkswagen AG, says Alfa Romeo isn't for sale. That means at least two more years of depressed profit for the Italian company's shareholders. Fiat is ... (Source: BusinessWeek 2010-10-19T22:14:29Z)

Roanoke College poll shows close race in 5th District

A new poll shows the battle for the 5th District getting closer. The poll by Roanoke College's Institute for Policy and Opinion Research found State Senator Robert Hurt (R) with a six percentage point lead over incumbent Congressman Tom Perriello (D), 46% ... (Source: Richmond Times-Dispatch 2010-10-19T00:46:00Z)

Hurt Leads Perriello in Virginia's Fifth Congressional District, According to Roanoke College Poll

SALEM, Va. , Oct. 18 /PRNewswire-USNewswire/ -- Republican state Senator Robert Hurt holds a six-point lead (46%-40%) over Democratic incumbent Tom Perriello in Virginia 's Fifth Congressional district according to a poll conducted by the Institute for ... (Source: Earthtimes 2010-10-18T16:10:36Z)

Dodgers retain Ted Lilly, sign pitcher to 3-year, $33 million deal

LOS ANGELES (AP) — Pitcher Ted Lilly   (FSY) signed a three-year, $33 million deal on Tuesday to return to the Los Angeles Dodgers . General manager Ned Colletti said Tuesday that Lilly helped stabilize the Dodgers' rotation after he was acquired in a ... (Source: USA Today 2010-10-20T00:44:49Z)

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)

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: Orlando Sentinel 2010-10-19T11:01:37Z)

Kansas officials quiet about details of deal to keep Hawker Beechcraft jobs, fearing counter

TOPEKA, Kan. (AP) — Kansas officials hoped Wednesday to thwart new attempts to lure aviation jobs away from Wichita by withholding details of an agreement between the state and manufacturer Hawker Beechcraft. Gov. Mark Parkinson hints that the deal might ... (Source: Orlando Sentinel 2010-10-07T00:17:17Z)

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