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 4, 2010, 10:46 pm

Rights leader: More Cuban prisoners to go free

A Cuban human rights leader on Monday revealed the names of nine inmates apparently offered early release by the government in exchange for accepting exile, including some convicted of violent crimes such as hijacking, assault and piracy. During formal ... (Source: AP - msnbc.com 2010-10-04T15:22:47Z)

Gubernatorial candidates appear in first televised debate

Georgia's three candidates for governor battled hard Sunday in a student-sponsored debate that touched on education, jobs and transportation. In their first televised debate, Republican Nathan Deal, Democrat Roy Barnes and Libertarian John Monds threw ... (Source: Atlanta Journal Constitution 2010-10-04T01:53:54Z)

Sanofi Bid for Genzyme Turns Hostile, and No Sweeter

Sanofi-Aventis of France took its $18.5 billion takeover bid for Genzyme hostile on Monday, going directly to Genzyme's shareholders in an effort to advance deal negotiations. Sanofi declined to raise the price it had floated for months, keeping its ... (Source: New York Times 2010-10-04T23:22:23Z)

Microsoft brings back Windows 7 Family Pack -- that's three Home Premium licenses for $150

As marketing tactics go, Microsoft's Windows 7 Family Pack revival is shrewdly timed. That's right, Family Pack is back -- and for a limited time. According to Microsoft's Windows Blog, " while supplies last ," whatever that means. Microsoft is drumming ... (Source: Beta News 2010-10-04T22:46:36Z)

Companies Plan 100 MW of Solar for India

Gujrat, India -- The European power-electronics company AEG Power Solutions and the Indian solar developer Electrotherm have partnered to deploy 100 MW of solar PV projects around India in the next three years. The first installations are targeted for the ... (Source: RenewableEnergyWorld.com 2010-10-04T18:21:44Z)

Saudi Arabia supports Jordan's bid for free trade deal with Persian Gulf nations

AMMAN, JORDAN — Saudi Arabia says it will support Jordan's bid to sign a free trade agreement with the six nations that make up the Gulf Cooperation Council. Oil-rich Saudi Arabia made the promise after two days of talks between officials from the two ... (Source: San Francisco Examiner 2010-10-04T15:51:25Z)

Defense electronics co Elbit wins Asia tank deal

Defense electronics developer Elbit Systems Ltd. (Nasdaq: ESLT ; TASE: ESLT ) said today that it has won a tank upgrade contract from a customer in Asia. The deal is worth approximately $56 million. Elbit said that the tank upgrade project will include the ... (Source: Globes - Israel Business Arena 2010-10-03T09:54:41Z)

Justice Dept. sues Amex, reaches deal with Visa and Mastercard over credit card 'swipe fees'

The Justice Department announced Tuesday that it had filed an antitrust suit against American Express for preventing retailers from offering customers discounts for using rival credit cards with lower processing fees. Federal officials added that they had ... (Source: Washington Post 2010-10-05T02:49:59Z)

LBO Firms Leave Backers in Lurch in Secondary Buyouts

(Updates to add executive's comment in 19th paragraph.) Oct. 4 (Bloomberg) -- What happens when a private equity firm sells a company it owns to another private equity firm? While the managers of the sale collect a fee and a profit, some of their ... (Source: BusinessWeek 2010-10-04T12:23:50Z)

UPDATE 1-Rockefeller Group takes majority stake in Europa

LONDON, Oct 4 (Reuters) - U.S real estate investor Rockefeller Group International (RGI) has secured its maiden UK real estate deal with the purchase of a majority interest in unlisted London-based property fund manager Europa Capital. Detailed terms of ... (Source: Reuters 2010-10-04T08:13:17Z)

U.S. sues American Express, reaches proposed deal with Visa, Mastercard

WASHINGTON -- The Justice Department on Monday sued the three largest U.S. credit card companies for anticompetitive practices and reached a proposed settlement with two of them, MasterCard and Visa. "We want to put more money in consumers' pockets, and by ... (Source: San Jose Mercury News 2010-10-04T18:36:03Z)

Secondary Deals Hide Buyout Shops' Shuffle

Cinven reaped a 70 percent return on its investment by selling German academic publisher Springer Science+Business Media in December. ATP , one of the private equity firm's backers, isn't sure what it's made, Bloomberg News reports. The Danish ... (Source: New York Times Blogs 2010-10-04T09:53:30Z)

Latest Connecticut News, Sports, Business And Entertainment:,

Jury deliberations beginning in Conn. killings NEW HAVEN, Conn. (AP) A Connecticut jury is beginning deliberations in the trial of a man charged in the home invasion killings of a woman and her two daughters in 2007. New Haven Superior Court Judge Jon Blue ... (Source: WNCT 2010-10-04T19:11:51Z)

LBO Firms Profit From 'Pass-the-Parcel' Deals

(Corrects conversion in 12th paragraph.) Oct. 4 (Bloomberg) -- Cinven Ltd. reaped a 70 percent return on its investment by selling German academic publisher Springer Science+Business Media GmbH in December. ATP, one of the private equity firm's backers ... (Source: BusinessWeek 2010-10-04T00:35:09Z)

Europa Capital Bought by Rockefeller Group

Europa Capital will now be owned primarily by US-based real estate developer Rockefeller Group International, after the company purchased 75 percent of London-based Europa Capital for an undisclosed amount. Europa's management will operate the company ... (Source: The Epoch Times 2010-10-04T22:25:07Z)

AEG Power Solutions, Electrotherm partner to develop solar business in India

AEG Power Solutions and Electrotherm have signed an agreement to develop their solar business in India together. The minimum goal is to reach 100MW over a period of 36 Months. First installations are targeted for the last quarter of 2010 (15MW) and for the ... (Source: PennEnergy 2010-10-04T15:58:34Z)

Statewide Restaurant Week Brings $3.75 Deals

This week, you might be able to get your favorite appetizer for $3.75 at some Connecticut restaurants. A three-course meal will cost you $20.10, or you could get a two-for-one dinner for $37.50. More than 100 restaurants are participating in the 2010 ... (Source: msnbc.com 2010-10-04T11:40:53Z)

AEG Power Solutions, Electrotherm Sign Deal To Develop Solar Business In India - Quick Facts

(RTTNews) - AEG Power Solutions Monday said it signed an agreement with Electrotherm to develop solar business in India. Both companies expect to develop together a minimum of 100MW of business activity in India over a period of 36 months. The companies ... (Source: RTT News 2010-10-04T10:14:59Z)

Cuban human rights leader details govt offer of freedom for more prisoners

HAVANA — A Cuban human rights leader on Monday revealed the names of nine inmates apparently offered early release by the government in exchange for accepting exile, including some convicted of violent crimes such as hijacking, assault and piracy. During ... (Source: Washington Examiner 2010-10-04T15:37:06Z)

No Shariah Law for Breaking Deals Gets Review: Islamic Finance

Oct. 4 (Bloomberg) -- The leading global Islamic Finance accounting regulator is introducing conditions for contracts that comply with religious laws, seeking to standardize an industry with $1 trillion in assets under management. The Bahrain-based ... (Source: BusinessWeek 2010-10-04T08:41:55Z)

Rockefeller Group takes majority stake in Europa

LONDON (Reuters) - U.S. real estate investor Rockefeller Group International ( RGI ) has secured its maiden UK real estate deal with the purchase of a majority interest in unlisted London-based property fund manager Europa Capital. Detailed terms of the ... (Source: MSN Money 2010-10-04T08:13:17Z)

Southern New Haven

severe thunderstorm warning for: western new haven county in southern Connecticut, fairfield county in southern Connecticut, Until 300 pm edt. At 205 pm edt, national weather service doppler radar indicated a severe thunderstorm capable of producing ... (Source: Eyewitness News 2010-10-04T18:21:44Z)

Market Report -- In Play (ESLT)

Elbit Systems awarded Asian tank upgrade contract valued at ~$56 mln Co announces it was awarded an ~$56 mln tank upgrade contract from a customer in Asia. Under the contract, the tank upgrade project will include the installation of advanced battle ... (Source: MSN Money 2010-10-04T05:42:58Z)

Sanofi Bid for Genzyme Turns Hostile

Sanofi-Aventis of France took its $18.5 billion takeover bid for Genzyme hostile on Monday, going directly to Genzyme's shareholders in an effort to advance deal negotiations. Sanofi declined to raise the price it has floated for months and kept its ... (Source: New York Times 2010-10-04T22:03:39Z)

Elbit to upgrade tanks in Asia

HAIFA, Israel, Oct. 4 (UPI) -- Israel's Elbit Systems Ltd., announced it has received a $56 million contract to upgrade an Asian country's tank force. The upgrade is to be performed within two years and is to include installation of advanced battle ... (Source: United Press International 2010-10-04T14:04:02Z)

Ga. gubernatorial hopefuls clash in debate

ATLANTA — The three candidates for governor clashed in the first televised debate of the campaign sponsored by student government groups from five Georgia universities. Nathan Deal faced questions about his finances including one from Democrat Roy Barnes ... (Source: Washington Examiner 2010-10-03T23:59:22Z)

Exile deal on offer to criminals

Cuba's government has asked prisoners jailed for crimes against the state if they would be willing to accept freedom in return for quitting the island and going into exile. Around a dozen have been made the offer, the head of the Cuban Commission on Human ... (Source: Morning Star 2010-10-04T17:31:38Z)

Hopefuls toss barbs at Georgia governor debate

ATLANTA --- Georgia's candidates for governor battled hard Sunday in a student-sponsored debate that touched on education, jobs and transportation. In their first televised debate, Republican Nathan Deal, Democrat Roy Barnes and Libertarian John Monds ... (Source: Augusta Chronicle 2010-10-04T05:21:29Z)

Sanofi's Genzyme Bid Turns Hostile

French pharmaceutical giant Sanofi-Aventis S.A. launched an $18.5 billion hostile takeover bid for Genzyme Corp., hoping to pressure the U.S. biotech firm to strike a deal after four months of fruitless efforts to bring it to the negotiating table. Sanofi ... (Source: Wall Street Journal 2010-10-05T00:05:20Z)

Feds sue MasterCard, Visa, American Express

WASHINGTON - The Justice Department on Monday sued the three largest U.S. credit-card companies for anti-competitive practices and reached a proposed settlement with two of them, MasterCard and Visa. "We want to put more money in consumers' pockets, and by ... (Source: AZCentral.com 2010-10-05T03:18:37Z)

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