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 21, 2010, 5:40 am

US announces USD 60 billion arms deal with Saudi Arabia

Billed as America's largest-ever arms deal with a foreign country, US on Thursday announced its plans to sell up to USD 60 billion worth of aircraft, helicopters and other weapons to Saudi Arabia apparently aimed at sending a strong message to Iran. The ... (Source: MSN India 2010-10-21T11:20:43Z)

Pentagon plans $60 billion weapons sale to Saudi Arabia

The Defense Department has notified Congress that it wants to sell $60 billion worth of advanced aircraft and weapons to Saudi Arabia . The proposed sale, which includes helicopters, fighter jets, radar equipment and satellite-guided bombs, would be the ... (Source: Washington Post 2010-10-21T04:04:04Z)

UK plans to raise 2.5 bln stg with bank levy

LONDON, Oct 21 (Reuters) - Britain said on Thursday it expected to generate around 2.5 billion pounds ($4 billion) of annual revenues by 2012-13 via a permanent levy on banks' balance sheets. The figure was in line with a forecast made when the levy was ... (Source: Inside Fidelity 2010-10-21T10:44:55Z)

Firethorn Inks Deal with The Wet Seal, Inc. to Provide Customers with SWAGG

ATLANTA and FOOTHILL RANCH, Calif. – October 12, 2010 – Leading mobile commerce enabler Firethorn Holdings, LLC, a wholly owned subsidiary of Qualcomm Incorporated (NASDAQ: QCOM), today announced that The Wet Seal, Inc. (NASDAQ: WTSLA), a national ... (Source: Industrial Distribution 2010-10-12T14:08:52Z)

Obama Seeks Congressional OK For Weapons Sale

The Obama administration has notified Congress that it plans to sell $60 billion in fighter jets, helicopters and other advanced weaponry to Saudi Arabia. The deal is part of the U.S. effort to build up allies in the Persian Gulf to counter Iran. (Source: NPR News 2010-10-21T10:30:36Z)

THQ Adds Seven More Years To UFC License Exclusivity

Thanks to a new deal with Zuffa LLC, THQ will retain the exclusive rights to the UFC license for another seven years beyond its current contract. With THQ's previous contract lasting until 2011, that gives the developer/publisher control over the license ... (Source: Game Informer Online 2010-10-20T07:40:00Z)

Novartis's Offer for Alcon Is More Attractive Now, Jimenez Says

Oct. 21 (Bloomberg) -- Novartis AG indicated Alcon Inc. shareholders should take another look at its $11.5 billion buyout offer now that an increase in the Swiss drugmaker's share price and a rally in the franc have lifted the value of the bid. Novartis ... (Source: BusinessWeek 2010-10-21T08:14:36Z)

UPDATE 1-Novartis Q3 tops poll, new products sell well

ZURICH, Oct 21 (Reuters) - Novartis ( NOVN.VX ) stuck to its full-year sales guidance after posting a better-than-expected 16 percent rise in third-quarter core earnings thanks to strong demand for its recently launched drugs. The Swiss drugmaker, which is ... (Source: Reuters 2010-10-21T09:26:11Z)

UPDATE 1-BT in deal with UK govt as Whitehall tigthens belt

LONDON, Oct 15 (Reuters) - Telecoms provider BT ( BT.L ) has managed to hang onto contracts with the British government after agreeing amendments with an administration grappling to plug big holes in the country's budget. "All of BT's central government ... (Source: Reuters 2010-10-15T11:34:59Z)

Sonoco Reports Strong Third Quarter 2010 Results; Quarterly Base Earnings Reach Record

HARTSVILLE, S.C.--(BUSINESS WIRE)-- Sonoco (NYSE: SON - News ), one of the largest diversified global consumer and industrial packaging companies, today reported strong third quarter 2010 results with sales and earnings significantly exceeding prior year ... (Source: Yahoo Finance 2010-10-21T11:42:11Z)

Pentagon working on new memo for policy on gays after on-again, off-again court rulings

WASHINGTON - The Pentagon says it's working to come up with new guidelines regarding gays serving in the military after a court ruling restored the "don't ask, don't tell" law, at least for now. Defense Department spokesman Col. Dave Lapan said Thursday ... (Source: Minneapolis Star Tribune 2010-10-21T11:56:30Z)

EXCLUSIVE: Al Qaeda Leader Dined at the Pentagon Just Months After 9/11

Anwar Al-Awlaki may be the first American on the CIA's kill or capture list, but he was also a lunch guest of military brass at the Pentagon within months of the Sept. 11, 2001, terror attacks, Fox News has learned.  Documents exclusively obtained by Fox ... (Source: FOX News 2010-10-21T11:42:11Z)

Canadian province sees no net gain from BHP-Potash deal

REGINA/OTTAWA (Reuters) - Saskatchewan dismissed on Wednesday the idea that a hostile offer from mining giant BHP Billiton ( BHP.AX ) for provincial crown jewel Potash Corp would bring net benefits, playing up an argument that the federal government could ... (Source: Reuters 2010-10-20T21:08:53Z)

TradeStation Group Reports 2010 Third Quarter Financial Results

PLANTATION, Fla., Oct. 21, 2010 (GLOBE NEWSWIRE) -- TradeStation Group ( TRAD - news - people ), Inc. (Nasdaq:TRAD) today reported 2010 third quarter net revenues of $29.6 million, net income of $3.1 million, and earnings per share (diluted) of 8 cents ... (Source: Forbes 2010-10-21T12:03:40Z)

Redwood City cuts tentative $15.9 million deal for alternative jail site

Redwood City officials have struck a deal that would allow the county to buy six properties on Chemical Way for $15.9 million and build a new jail at the site. And on Monday, they will ask the city council to plunk down a $200,000 deposit to hold the land ... (Source: Santa Cruz Sentinel 2010-10-09T10:09:03Z)

UPDATE 1-UK plans to raise 2.5 bln stg with bank levy

LONDON, Oct 21 (Reuters) - Britain said on Thursday it expected to generate around 2.5 billion pounds ($4 billion) of annual revenues by 2012-13 via a permanent levy on banks' balance sheets. The figure was in line with a forecast made when the levy was ... (Source: Reuters UK 2010-10-21T10:16:17Z)

THQ extends UFC deal

THQ and Ultimate Fighting Championship owner Zuffa, LLC announce the continuation of its license agreement. The new deal to develop and publish games based on the mixed martial arts fighting league now runs through 2018. The terms of the agreement haven't ... (Source: Network World Fusion 2010-10-20T16:29:42Z)

San Mateo won't build downtown Redwood City jail

REDWOOD CITY, Calif.—San Mateo County supervisors say the new jail won't be built in downtown Redwood City, which was initially preferred by the sheriff. Supervisors agreed Tuesday to abandon the contested downtown proposal and instead pursue building ... (Source: San Jose Mercury News 2010-10-20T12:12:00Z)

THQ Locks Up UFC License Through 2018

Expect to see sequels to UFC Undisputed for many, many years to come. THQ just announced that it has secured the rights to create games based on the UFC license until 2018. Previous deals between THQ and UFC license-holder Zuffa, LLC would have allowed the ... (Source: 1UP.COM 2010-10-19T19:22:41Z)

Apple adds apps to Mac, upgrades MacBook Air

C UPERTINO, Calif. — Taking a page from its popular iPhone, Apple is going to be opening an App Store for the Mac. As with the one introduced for the iPhone, which also serves the iPad and iPod touch, the store will allow Mac users to buy, download and ... (Source: Boston Herald 2010-10-21T08:50:23Z)

C&D Technologies Commences Exchange Offer for Debt-to-Equity Swap

BLUE BELL, Pa., Oct. 21 /PRNewswire-FirstCall/ -- C&D Technologies, Inc. announced today that as part of its restructuring plan it has commenced an offer to exchange all of its outstanding 5.25% Convertible Senior Notes due 2025 and 5.50% Convertible ... (Source: Forbes 2010-10-21T10:44:55Z)

Apple shows off iPad-inspired Mac laptop

CUPERTINO, California (Reuters) - Apple Inc CEO Steve Jobs unveiled the thinnest, lightest Mac laptop yet, fusing features from its popular iPhone and iPad with its traditional line of personal computers. Apple, whose computers have taken market share from ... (Source: MSN Money 2010-10-20T22:27:37Z)

Firethorn's SWAGG Application Expands Its Mobile Footprint Through Collaboration with Crocs, Inc.

ATLANTA and NIWOT, Colo. , Oct. 20 -- Leading mobile commerce enabler Firethorn Holdings, LLC, a wholly owned subsidiary of Qualcomm Incorporated (Nasdaq: QCOM), today announced that Crocs, Inc. (Nasdaq: CROX), a world leader in innovative casual footwear ... (Source: Earthtimes 2010-10-20T11:29:04Z)

Novartis Says Q3 Profit up 10 Percent to $2.32 Billion

GENEVA -- Swiss pharmaceutical company Novartis AG posted a 10 percent rise in third-quarter net profit Thursday thanks to strong sales of new products and added revenue from recently acquired eye care company Alcon. The maker of hypertension drug Diovan ... (Source: Phramalive.com 2010-10-21T11:06:24Z)

Firethorn's SWAGG Application Expands its Mobile Footprint through Collaboration with Crocs ...

NewswireToday - /newswire/ - San Diego, CA, United States, 10/20/2010 - Mobile application prepares to hit its full stride this holiday season (NASDAQ: CROX) . Leading mobile commerce enabler Firethorn Holdings, LLC, a wholly owned subsidiary of Qualcomm ... (Source: Newswiretoday.com 2010-10-20T20:40:15Z)

US to sell $60 billion in advanced weaponry to Saudi Arabia in massive arms sale

WASHINGTON - The Obama administration has notified Congress that it plans to sell up to $60 billion in advanced weaponry to Saudi Arabia, in one of the largest-ever single U.S. arms deals. The State Department and Pentagon informed lawmakers on Wednesday ... (Source: Minneapolis Star Tribune 2010-10-20T18:24:14Z)

Canada's Saskatchewan Said to Reject BHP Infrastructure Offer

Oct. 20 (Bloomberg) -- Saskatchewan rejected an offer of C$370 million ($360 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 2010-10-20T11:50:32Z)

Biz Break: Meet Apple's new MacBook Airs; plus: an app store for your Mac

Today: Apple CEO Steve Jobs shows off new MacBook Air notebooks and software that makes the Mac work more like an iPad or iPhone. Plus: Netflix, eBay earnings. Apple CEO Steve Jobs today showed off the Cupertino Mac and "i" device maker's newest notebook ... (Source: San Jose Mercury News 2010-10-20T20:33:05Z)

New jail site will not be downtown

Redwood City's effort to keep a new county jail away from its downtown got a big boost yesterday as the San Mateo County Board of Supervisors voted 5-0 to pursue construction of the facility on land city officials favor. The county will now consider ... (Source: San Mateo Daily Journal 2010-10-20T11:00:26Z)

Saskatchewan Said to Reject BHP Infrastructure Offer

(Updates with shares in fifth paragraph.) 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 ... (Source: BusinessWeek 2010-10-20T05:16:50Z)

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