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, 7:40 pm

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)

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)

UPDATE 4-Weaker ties with Ford seen as boon, risk for Mazda

TOKYO, Oct 18 (Reuters) - Mazda Motor Corp ( 7261.T ) may gain a freer hand to make decisions if Ford Motor Co ( F.N ) cuts its ownership share, though the Japanese automaker may want to seek another partner eventually. Ford, once the controlling ... (Source: Reuters 2010-10-18T23:27:15Z)

Ford will reduce Mazda control

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 shareholder in Mazda by the end of this year, Masayuki Oku ... (Source: Detroit News 2010-10-19T14:29:12Z)

Coal India IPO institutional book fully covered

NEW DELHI (Reuters) – State-run Coal India's $3.5 billion initial public offer received bids for the entire institutional book midway through the second day, driven by strong investor demand and lower-than-expected pricing for the country's largest-ever ... (Source: YAHOO! 2010-10-19T11:08:46Z)

Google Soars After Third-Quarter Sales, Earnings Top Estimates

Oct. 15 (Bloomberg) -- Google Inc. rose as much as 9.6 percent in extended trading yesterday after the company reported quarterly revenue and profit that exceeded analysts' estimates, evidence the leader in Web search is benefitting from display and mobile ... (Source: San Francisco Gate 2010-10-15T05:08:26Z)

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)

Onex Commences Tender Offer for ResCare Shares

LOUISVILLE, Ky., Oct. 7, 2010 (GLOBE NEWSWIRE) -- ResCare, Inc. (Nasdaq:RSCR) announced that an affiliate of Onex Partners III, L.P. ("Onex") and Onex Corporation (TSX:OCX) today commenced a tender offer for shares of ResCare common stock. The tender offer ... (Source: msnbc.com 2010-10-08T07:11:17Z)

Mazda says report of Ford stake sale is speculation

TOKYO Oct 16 (Reuters) - Mazda Motor Corp ( 7261.T ) on Saturday said a newspaper report that its top shareholder, Ford Motor Co ( F.N ), would sell most of its stake in the Japanese car maker was speculation, echoing earlier comments made by Ford. "Mazda ... (Source: Reuters 2010-10-16T01:32:30Z)

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)

UPDATE 1-Coal India IPO institutional book fully covered

NEW DELHI, Oct 19 (Reuters) - State-run Coal India's $3.5 billion initial public offer received bids for the entire institutional book midway through the second day, driven by strong investor demand and lower-than-expected pricing for the country's largest ... (Source: Reuters 2010-10-19T08:09:49Z)

Samsung Omnia 7 Windows Phone 7 to be offered by UK's Orange, Three, and T-Mobile

Customers looking to purchase Samsung's newly launched Omnia 7 smartphone, which runs on the Windows Phone 7 operating system, in the UK can breathe easily as three different wireless carriers have announced they will offer this thin, new device: Orange ... (Source: MobileBurn 2010-10-12T12:50:08Z)

OncoGenex stock sinks on news of stock offering

OncoGenex Pharmaceuticals said Monday it will publicly offer common stock and warrants to buy shares. The Bothell company did not provide details on the offering. Shares of OncoGenex fell $3.20, or 17 percent, to $15.55 in after-hours trading Monday ... (Source: Seattle Times 2010-10-19T13:53:25Z)

OncoGenex publicly offering common stock

BOTHELL, Wa. - OncoGenex Pharmaceuticals Inc. said Monday it will publicly offer common stock and warrants to buy shares. The company did not provide details on the offering. It said it would use proceeds to advance its product pipeline, including OGX-427 ... (Source: CNBC 2010-10-18T21:47:03Z)

Pre-Order Samsung Omnia 7 at Three UK Starting Today

Three UK is yet another wireless carrier around the world set to offer its users the possibility to taste Windows Phone 7 as soon as the platform hits shelves, and went official with plans to have the Samsung Omnia 7 available for purchase come October ... (Source: Softpedia 2010-10-12T07:06:32Z)

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)

BHP Faces Pressure to Win Potash After Rio Plan Fails

(Updates with closes 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 ... (Source: BusinessWeek 2010-10-19T06:08:07Z)

Coal India IPO inst portion fully covered

Institutional buyers have bid for 1.47 times the shares on offer for them in state-owned Coal India IPO (initial public offering). Coal India IPO size is up to $3.5 billion, or Rs 15,000 crore, chairman Partha Bhattacharyya said on Tuesday. The company ... (Source: MSN India 2010-10-19T12:06:02Z)

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)

Canadian provincial government of Saskatchewan to oppose BHP's bid for Potash

BHP Billiton has launched a $38.6 billion takeover bid in August for the world's largest fertilizer company after Potash directors rejected its offer. The company hoped to profit from what it expects will be rising fertilizer demand in China and India ... (Source: Adelaidenow 2010-10-20T00:30:30Z)

Onex starts tender offer for ResCare shares

LOUISVILLE, Ky. (AP) -- ResCare Inc. said Canadian private-equity firm Onex Corp. has started a tender offer for ResCare stock as it moves to acquire the company. ResCare, a home health services company, accepted Onex's offer that values the company at $ ... (Source: Yahoo Finance 2010-10-11T15:21:38Z)

Apple Falls on Forecast Miss; Jobs to Use Cash for Future Deals

Tuesday, October 19, 2010 Oct. 19 (Bloomberg) -- Apple Inc. Chief Executive Officer Steve Jobs, joining an earnings conference call for the first time in two years, said the company will use cash for deals as it repels threats from Google Inc. and Research ... (Source: San Francisco Gate 2010-10-19T13:46:15Z)

Saskatchewan Said to Reject BHP Proposal on Infrastructure

Oct. 20 (Bloomberg) -- Saskatchewan rejected an offer of C$370 million ($358 million) of infrastructure investment from BHP Billiton Ltd., which is trying to win support for its $40 billion bid for Potash Corp. of Saskatchewan Inc., according to an e-mail ... (Source: BusinessWeek 2010-10-20T02:25:02Z)

"Go Shop" Period for ResCare Acquisition Expires

LOUISVILLE, Ky., Oct. 19, 2010 (GLOBE NEWSWIRE) -- ResCare, Inc. (Nasdaq:RSCR) ("ResCare") announced today that the 40-day "go shop" period under the share exchange agreement between ResCare and an entity sponsored by Onex Partners III, L.P. ("Onex"), an ... (Source: msnbc.com 2010-10-19T11:15:56Z)

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)

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)

OncoGenex Pharmaceuticals, Inc. Prices $50 Million Public Offering

BOTHELL, WA, and VANCOUVER, Oct. 19 /PRNewswire-FirstCall/ - OncoGenex Pharmaceuticals, Inc. (NASDAQ: OGXI) today announced that it has priced a public offering of 3,174,602 units, with each unit consisting of one share of the Company's common stock and ... (Source: Redorbit.com 2010-10-19T12:56:09Z)

HTC Surround slides into Best Buy for $550 unsubsidized, Omnia 7 appears at T-Mobile UK

Micro surround speaker bar in a Windows Phone sound like your cup of tea? Best Buy's taking your HTC Surround pre-orders right now for handsets that'll ship on November 8th, and cost a penny under $550 on the off-chance you're looking to buy off-contract ... (Source: engadget 2010-10-14T01:42:02Z)

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)

Halftime: Bank Strength Continue Into Wells, BofA Earnings?

All the bulls need to hold onto the momentum is for the banks to level off, explains Steve Grasso. If selling like we saw last week continues it will likely drag the market lower. But right now the selling is moderating which is positive for the S&P ... (Source: CNBC 2010-10-18T17:07:52Z)

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