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 3, 2010, 4:42 pm

Gerdau head calls for probe into Chinese deal

The head of Brazil's largest steelmaker has weighed into the row surrounding a planned US steel plant backed by a Chinese state-owned steel producer. "I believe in free trade, but also fair trade," Mr Johannpeter said in an interview at the World ... (Source: Financial Times 2010-10-03T23:09:15Z)

Fed's Dudley: Further Fed Action To Support Economy Is 'Likely'

NEW YORK (Dow Jones)--A top Federal Reserve official said Friday the central bank is almost certain to have to offer fresh support to ensure that already tepid economic growth does not further falter, although he stopped short of saying what type of ... (Source: Wall Street Journal 2010-10-01T12:27:23Z)

Theodore filling Wild void, report says

It appears as though the Wild has a backup plan after losing Josh Harding for the season. Montreal radio station CKAC reported late Friday that the Wild has signed goaltender Jose Theodore to a one-year, $1.1 million contract. The 33-year old Theodore ... (Source: Minneapolis Star Tribune 2010-10-02T07:32:42Z)

Fredrickson leads Wayne State past No. 1 UMD

WAYNE — No. 2 Wayne State College knocked off No. 1 Minnesota Duluth 3-1 in Northern Sun Conference volleyball played Friday evening before 1,202 fans at Rice Auditorium in Wayne. Scores of the match were 25-17, 23-25, 25-22 and 25-21. The Wildcats are ... (Source: Grand Island Independent 2010-10-02T04:55:14Z)

U.S. stocks rise on hopes for global growth

NEW YORK (MarketWatch) — U.S. stocks opened higher Friday, kicking off the fourth quarter on a positive note after upbeat personal income and spending data as well as strong economic figures from China. Encouraging U.S. personal income and spending data ... (Source: Yahoo Finance 2010-10-01T07:48:13Z)

Fiscal plan takes shape

SACRAMENTO - After a record-long impasse, California legislators are set to vote this week on a no-new-taxes budget that relies on a combination of spending cuts and optimistic financial projections to close a $19 billion deficit. Details of the agreement ... (Source: San Jose Mercury News 2010-10-03T04:25:24Z)

AIG, U.S. Agree on an Exit Deal; Making It Work Will Be Tougher

The U.S. government will sell off its stake in American International Group Inc., under a plan that could end the controversial bailout sooner than many thought but that remains fraught with risk. Analysts cautioned that executing the plan, which will ... (Source: Wall Street Journal 2010-10-01T02:26:05Z)

Report: #mnwild signs Jose Theodore

Because of the early hours, the Wild hasn't confirmed yet a report from CKAC that the Wild has signed goalie Jose Theodore to a one-year, $1.1 million contract to replace Josh Harding, who could miss the season with a torn ACL and MCL. But I talked with ... (Source: Minneapolis Star Tribune 2010-10-02T05:23:52Z)

Stern says NBA is 'entirely' focused on labor deal

MILAN(AP) -- NBA commissioner David Stern insisted Sunday he hasn't begun pondering the effects of a possible lockout next year, and gave new assurances that the league and players' union remain focused on reaching a new labor agreement. The sides are ... (Source: NBA 2010-10-03T21:57:40Z)

Report: Wild make Theodore offer, but there's no deal yet

Jose Theodore has an offer from the Minnesota Wild, but the team says there is no deal yet. According to a report in the Minneapolis Star-Tribune, Wild General Manager Chuck Fletcher has made a contract offer to the free-agent goaltender, but he says ... (Source: TSN 2010-10-02T14:42:12Z)

British Airways, Iberia and American Airlines Sign Alliance Deal

The revenue-sharing alliance between British Airways, Iberia and American Airlines is finally about to begin. The airlines signed the final agreement for the venture on Wednesday, announced the British party, and they could begin sharing revenue as soon as ... (Source: Car Rentals 2010-09-30T07:35:05Z)

UPDATE: Fed's Dudley: Fed Action To Support Economy 'Likely'

NEW YORK (Dow Jones)--A top Federal Reserve official said Friday the central bank is almost certain to have to offer fresh support to ensure that already tepid U.S. economic growth doesn't falter further, although he stopped short of saying what type of ... (Source: Wall Street Journal 2010-10-01T13:31:48Z)

China Needs to Boost Domestic Demand, Wen Says

(Adds comments on euro, Greek bonds from 11th paragraph.) Oct. 4 (Bloomberg) -- China will address "structural problems" and stabilize its economy by increasing domestic demand, Premier Wen Jiabao said. Wen, in an interview with CNN, said he'd argued ... (Source: BusinessWeek 2010-10-03T17:54:18Z)

Iranian president stops in Syria on way to UN

DAMASCUS, Syria (AP) -- Iran's president said Saturday that Middle Eastern countries will "disrupt" American and Israeli plans to change the political geography of the region, appearing to brush aside U.S. efforts to forge a regional peace deal between ... (Source: Associated Press 2010-09-17T23:56:52Z)

With China taking the lead, Europe and Asia will address global economic crisis during summit

BRUSSELS (AP) — European and Asian leaders will seek common ground on ways to fix and regulate the global financial market but will likely be bogged down by such issues as market restrictions and trade surpluses during three days of summits. "The ... (Source: Los Angeles Times 2010-10-03T23:09:15Z)

UMD women picked to win WCHA

The Western Collegiate Hockey Association head coaches have chosen the University of Minnesota Duluth — the 2010 defending NCAA champions — to win the WCHA in 2010-11, the league announced Wednesday. The Bulldogs, who return 12 players off last season ... (Source: Daily Telegram 2010-09-22T21:13:27Z)

NBA commissioner Stern not pondering possible lockout, says league focused on labor deal

MILAN - NBA commissioner David Stern insisted Sunday he hasn't thought about the effects of a possible lockout next year, and gave new assurances that the league and players' union remain focused on reaching a new labor agreement. The sides are divided ... (Source: Minneapolis Star Tribune 2010-10-03T21:21:53Z)

In Syria, Iranian president disparages U.S. peace efforts in Mideast

DAMASCUS, SYRIA - Iran's president said Saturday that Middle Eastern countries will "disrupt" U.S. and Israeli plans for the region, appearing to dismiss U.S. efforts to forge a regional peace deal between Israel and its Palestinian neighbors. Mahmoud ... (Source: Washington Post 2010-09-17T23:56:52Z)

AIG reaches deal to repay government

AIG, which became a lightning rod for criticism over government bailouts, said it reached a deal to repay billions of dollars it received during the credit crisis. The plan announced Thursday could return a profit to taxpayers who footed the bill for AIG's ... (Source: AP - msnbc.com 2010-09-30T14:37:25Z)

Supreme Court prepares to study hot-button issues

WASHINGTON — The new Supreme Court term, which begins tomorrow, includes cases on some of the most contested issues of the day, including protests at military funerals, support for religious schools, violent video games, DNA evidence, and prosecutorial ... (Source: Boston Globe 2010-10-03T10:23:19Z)

UMD signs 2-year TV deal with My9 for hockey

Minnesota Duluth receives a significant television upgrade this season in signing a two-year agreement with the Northland's NewsCenter to air 14 men's home hockey games and four women's home games in the digital widescreen format on the My9 Sports ... (Source: Daily Telegram 2010-09-30T16:24:48Z)

$19.1 billion budget deal reached in California

Gov. Arnold Schwarzenegger and top lawmakers said Friday night that they have reached a deal to close the state's $19.1-billion deficit. Senate President Pro Tem Darrell Steinberg (D-Sacramento), flanked by three other legislative leaders, proclaimed a ... (Source: Los Angeles Times 2010-10-02T04:26:36Z)

Justices" coming term to offer hot issues, hints of the future

WASHINGTON — The new Supreme Court term, which begins Monday, includes cases on some of the most contested issues of the day, including protests at military funerals, illegal immigration, support for religious schools, violent video games, DNA evidence ... (Source: Bend Bulletin 2010-10-03T10:59:07Z)

California Budget Deal Ends Impasse With Vote Expected in Days

Oct. 2 (Bloomberg) -- California Governor Arnold Schwarzenegger and top lawmakers came up with a compromise to close a $19.1 billion deficit and give the state a budget, ending a record three-month impasse with a vote expected next week on the spending ... (Source: BusinessWeek 2010-10-02T04:05:07Z)

Stoudemire makes Knicks debut in win over Milan

MILAN -- Amare Stoudemire scored 32 points in his first game with New York and the Knicks shook off a rusty start to pull away for a 125-113 win Sunday over Italian team Olimpia Milano in an exhibition game. The Knicks looked sluggish at times in the first ... (Source: YES Network 2010-10-03T22:33:28Z)

BA, Iberia, American Airlines sign alliance deal

LONDON (Reuters) - British Airways ( BAY.L ), American Airlines and Spanish carrier Iberia ( IBLA.MC ) have signed off on a long-awaited strategic alliance that will see them cooperate on flights between Europe and North America. "The joint business will ... (Source: Reuters UK 2010-09-29T07:00:28Z)

Assad, Ahmadinejad Discuss Lebanon, Stress Need to Maintain Lebanon Calm

President Bashar al-Assad on Saturday met his Iranian counterpart Mahmoud Ahmadinejad in Tehran and Syrian FM Walid Muallem said the two leaders stressed the need to maintain calm in Lebanon to prevent any unrest. Iranian media said that Iraq and Palestine ... (Source: Naharnet 2010-10-03T08:00:09Z)

AIG reaches deal to repay billions to taxpayers

NEW YORK — AIG, which became a lightning rod for criticism over government bailouts, said it reached a deal to repay billions of dollars it received during the credit crisis. The plan announced today could return a profit to taxpayers who footed the bill ... (Source: Oregonian 2010-09-30T15:41:51Z)

Pakistan: Dozens of Europeans in terror training

Associated Press Writer= ISLAMABAD (AP) — Dozens of Muslim militants with European citizenship are believed to be hiding out in the lawless tribal area of northwestern Pakistan, Pakistani and Western intelligence officials say, training for missions that ... (Source: The Guardian 2010-10-03T21:00:24Z)

Eyes on Kagan as controversial issues fill upcoming Supreme Court docket

WASHINGTON — The new Supreme Court term, which begins Monday, includes cases on some of the most contested issues of the day, including protests at military funerals, illegal immigration, support for religious schools, violent video games, DNA evidence ... (Source: Denver Post 2010-10-03T09:40:22Z)

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