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 20, 2010, 12:40 am

Oregon sues University of Phoenix for $10 million

SALEM – The nation's largest for-profit college, University of Phoenix, is getting sued by Oregon for allegedly misleading students and the state on how it deals with student loans. Karen Johnson said she insisted on paying for classes herself when she ... (Source: msnbc.com 2010-10-19T14:14:53Z)

Brazil to Consider Sale of 100-Year Debt After Mexico, Treasury Head Says

Brazil may consider selling 100-year bonds after Mexico succeeded in offering the longest-maturity debt issued by a Latin American country, Treasury Secretary Arno Augustin said. "As Brazil improves, this possibility, that was hard before, is starting to ... (Source: Bloomberg 2010-10-14T18:52:50Z)

iPad Sales Disappoint, Jobs Slams Android

SAN FRANCISCO, Oct 18 (Reuters) - Apple Inc (NASDAQ:AAPL) CEO Steve Jobs went on the offensive on Monday after a rare disappointment in sales by the iPad maker sent its shares tumbling, but even his biting words failed to reverse market sentiment. Jobs ... (Source: Channel Insider 2010-10-19T15:05:00Z)

Cotton Exposure Through ETFs

Over the last three months, the price of cotton futures has risen over 50 percent, propelled by speculation that demand will outstrip supply. Just last week, the price for a pound of cotton hit $1.198, the highest level since the New York Cotton Exchange ... (Source: Seekingalpha.com 2010-10-19T16:45:13Z)

Oregon AG sues University of Phoenix for $10 million

SALEM – The nation's largest for-profit college, University of Phoenix, is getting sued by Oregon for allegedly misleading students and the state on how it deals with student loans. Karen Johnson said she insisted on paying for classes herself when she ... (Source: kgw.com 2010-10-19T15:19:19Z)

Upbeat bank earnings push Wall Street higher

Upbeat news for banks and homebuilders pushed the stock market broadly higher Monday, extending its gains for the month. Better-than-expected results from Citigroup Inc. drove financial stocks up by more than 2 percent, halting a recent slide brought on by ... (Source: AP - msnbc.com 2010-10-19T11:30:15Z)

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 2010-10-20T06:57:03Z)

Jobs blasts rivals as iPad sales disappoint

SAN FRANCISCO (Reuters) - Apple Inc CEO Steve Jobs went on the offensive on Monday after a rare disappointment in sales by the iPad maker sent its shares tumbling, but even his biting words failed to reverse market sentiment. Jobs, who has not addressed ... (Source: Reuters 2010-10-19T11:30:15Z)

Evening Reading: Should Apple Buy Facebook? Will It?

On what Does Steve Jobs plan to spend Apple's $51 billion in cash? Facebook? On yesterday's earnings call, Apple's CEO said, "We strongly believe that one or more very strategic opportunities may come along that we're in unique opportunity to ... (Source: Wall Street Journal 2010-10-19T22:50:17Z)

Seau drives SUV off cliff after arrest

CARLSBAD, Calif. - Former NFL star linebacker Junior Seau drove off a cliff - apparently after falling asleep at the wheel - and was hospitalized with minor injuries yesterday, less than 9 hours after he was arrested on suspicion of domestic violence. The ... (Source: Philadelphia Daily News 2010-10-20T06:57:03Z)

ALCS: Texas Rangers Cliff Lee shuts down Yankees

NEW YORK -- Cliff Lee was even better than before in the postseason, and that was no small feat. The ace of October went through the New York Yankees like a buzzsaw again, striking out 13 and pitching the Texas Rangers to an 8-0 victory Monday for a 2-1 ... (Source: San Jose Mercury News 2010-10-19T04:49:23Z)

Ex-NFL great Seau out of hospital one day after driving off cliff

SAN DIEGO -- Former NFL linebacker Junior Seau was released from the hospital Tuesday, one day after he plunged down a seaside cliff in his sport-utility vehicle, a spokeswoman said. Seau, 41, spent the night at Scripps La Jolla Hospital in San Diego and ... (Source: NFL 2010-10-20T05:16:50Z)

Mantega Trumps Serra as Tax Fuels Bond Rout: Brazil Credit

Oct. 20 (Bloomberg) -- Brazil's longest-maturity fixed-rate bonds are tumbling the most on record this week as a tax increase on foreigners squelches a surge in demand sparked by opposition candidate Jose Serra's advance in presidential polls. Yields ... (Source: BusinessWeek 2010-10-20T02:03:33Z)

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)

Junior Seau out of hospital after crash

Former NFL linebacker Junior Seau was released from a San Diego hospital Tuesday, a day after his vehicle plunging down a seaside cliff. Seau, 41, told police in Carlsbad, Calif., that he fell asleep at the wheel while going south on Carlsbad Boulevard ... (Source: Sporting News 2010-10-20T06:35:34Z)

Buy your towels, T-shirts now -- prices expected to rise

Buy sheets and towels and blue jeans now. This is not an advertisement for a linen sale. And I'm not kidding. If you think your household will need new sheets or towels -- or socks or T-shirts or jeans -- in the next year, go out and buy them today. A ... (Source: Chicago Sun-Times 2010-10-18T19:23:53Z)

Oregon Suing University Of Phoenix For $10M

SALEM, Ore. -- The state of Oregon is suing an Arizona company to recover $10 million. Oregon Treasurer Ted Wheeler and Attorney General John Kroger have filed a securities fraud lawsuit against Apollo Group Inc., the parent company of University of ... (Source: kptv.com 2010-10-19T17:56:47Z)

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)

Jobs Speaks! The Complete Transcript

[Editor's note: Steve Jobs had a lot to say Monday during his conference call with analysts following Apple's announcement of record earnings and sales . Here's the Apple CEO in his own words.] Hi, everybody. As most of you know, I don't usually ... (Source: PC World 2010-10-19T22:50:17Z)

UPDATE: US Treasury Plans Sale Of Added 1.5 Billion Citigroup Shares

WASHINGTON -(Dow Jones)- The U.S. Treasury plans to sell another 1.5 billion shares of its Citigroup Inc. ( C ) common stock, a move that would cut the government's holdings of the bank's shares to a quarter of what it was during the height of the ... (Source: NASDAQ 2010-10-19T14:00:34Z)

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)

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)

Brazil Real Set for Biggest Fall in 2 Months After Tax Increase

Oct. 19 (Bloomberg) -- Brazil's real is poised for its biggest drop in two months after Finance Minister Guido Mantega raised taxes on foreign inflows for the second time this month to prevent appreciation and protect exports from what he called a global ... (Source: BusinessWeek 2010-10-19T15:40:47Z)

Financial Shares Are Higher On Citi's Upbeat Earnings

Financial stocks rose more than 2 percent on Wall Street on Monday after upbeat earnings from Citigroup , which also helped push the broad market higher. Citigroup shares ended up more than 5 percent. JPMorgan Chase and Bank of America gained nearly 3 ... (Source: New York Times 2010-10-18T22:58:38Z)

Expect to pay more for towels, T-shirts

Buy sheets and towels and blue jeans now . This is not an advertisement for a linen sale. And I'm not kidding. If you think your household will need new sheets or towels -- or socks or T-shirts or jeans -- in the next year, go out and buy them today. A ... (Source: Chicago Sun-Times 2010-10-18T09:58:22Z)

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)

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)

Steve Jobs Keeping Apple Cash `Powder Dry' for Future Bets

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 In Motion Ltd. "We'd like to continue to kee ... (Source: Yahoo Finance 2010-10-19T07:05:23Z)

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