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, 8:43 am

BP Plans Debt Offering in First Sale After Oil Spill

(Updates with price guidance in eighth paragraph.) Sept. 28 (Bloomberg) -- BP Plc is planning its first bond sale since a rig explosion caused an estimated 4.9 million barrels of crude oil to spew into the Gulf of Mexico in the largest offshore U.S. spill ... (Source: BusinessWeek 2010-09-28T16:05:41Z)

Greece aims to beat deficit target with new budget

Crisis-hit Greece on Monday vowed to slash next year's budget deficit beyond demands made by the European Union and International Monetary Fund, but braced for a surge in unemployment and another year of recession. A draft austerity budget for 2011 sees ... (Source: AP - msnbc.com 2010-10-04T15:22:47Z)

Sanofi-aventis Commences Tender Offer to Acquire All Outstanding Shares of Genzyme for $69 ...

PARIS , Oct. 4 /PRNewswire-FirstCall/ -- Sanofi-aventis [(EURONEXT: SAN - News ) and (NYSE: SNY - News )] announced today it has commenced a tender offer for all outstanding shares of common stock of Genzyme Corporation (Nasdaq: GENZ - News ) for $69 per ... (Source: Yahoo Finance 2010-10-04T07:01:42Z)

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)

Greece's austere 2011 budget to target 7.0 percent gap

ATHENS (Reuters) - Greece is due to unveil on Monday a 2011 draft budget aimed at cutting its deficit below a 7.6 percent-of-GDP target agreed in a bailout deal with the International Monetary Fund and its euro zone peers. More austerity is expected as the ... (Source: Reuters UK 2010-10-04T11:19:24Z)

Egypt exchange halts trading in Orascom Telecom on reports about possible deal with VimpelCom

CAIRO (AP) — Trading in mobile phone service provider Orascom Telecom's shares was halted on the Egyptian stock exchange Monday as the bourse sought clarification about reports of a possible deal with Russia's VimpelCom Ltd. Media reports indicated that ... (Source: Los Angeles Times 2010-10-04T13:56:53Z)

High levels of cancer-causing chemicals recorded since BP spill

Levels of some cancer-causing oil compounds rose significantly in the waters off the Louisiana coast during the BP spill in the Gulf of Mexico, according to Oregon State University researchers. "It's an incredibly huge jump in concentration in a natural ... (Source: Los Angeles Times 2010-10-03T01:04:58Z)

State-funded NJ transportation projects halted

TRENTON, N.J. (AP) -- New Jersey Transportation Commissioner James Simpson ordered an immediate stop Friday to all state-funded road construction because he said the Legislature hasn't approved a bond sale. The state was looking to sell up to $1.25 billion ... (Source: Yahoo Finance 2010-10-01T22:07:12Z)

Sanofi-Aventis goes hostile with $69/share offer for US biotech company Genzyme

PARIS - France's Sanofi-Aventis on Monday launched an $18.5 billion hostile takeover offer for Genzyme Corp., stepping up its effort to capture the U.S. biotech company's promising drugs for high cholesterol and lucrative treatments for rare genetic ... (Source: Minneapolis Star Tribune 2010-10-04T12:30:59Z)

United, Continental close merger deal

United and Continental closed the deal on Friday that will create the world's biggest airline, although it will be months before it looks that way to travelers. By early 2012, travelers will see a combined airline called United Airlines, with Continental's ... (Source: Denver Post 2010-10-02T07:04:04Z)

Dutch Politician on Trial for Anti-Islam Remarks

Dutch anti-Islam politician Geert Wilders appealed for freedom of expression Monday as he went on trial for alleged hate speech at a time when his popularity and influence in the Netherlands are near all time highs. Prosecutors say Wilders has incited hate ... (Source: FOX News 2010-10-04T14:32:40Z)

6 Ways the Southwest Merger Impacts You

This low-fare, low-fee marriage could mean, yes, lower fares and lower fees for more travelers in more markets – but also more late flights, say airfare analysts. Overall, the merger may have more impact on passengers than the mega-merger of United ... (Source: Smart Money 2010-09-28T22:03:36Z)

Delegates told to identify achievable goals on climate change

TIANJIN, China — The U.N. climate chief urged countries Monday to search faster for common ground on battling climate change so that a year-end meeting in Mexico can produce results in that fight. Christiana Figueres told 3,000 delegates in China — the ... (Source: Deseret News 2010-10-04T13:28:15Z)

Lobbyist riding with Christie draws criticism

CINCINNATI Gov. Chris Christie has been traveling the country, aiding like-minded GOP candidates, offering his support, endorsement and even a little of the newfound political stardust he is enjoying. But the folks who may well have benefited the most from ... (Source: NJ.com 2010-10-03T08:14:28Z)

UPDATE 1-Greece's austere 2011 budget to target 7.0 pct gap

ATHENS, Oct 4 (Reuters) - Greece is due to unveil on Monday a 2011 draft budget aimed at cutting its deficit below a 7.6 percent-of-GDP target agreed in a bailout deal with the International Monetary Fund and its euro zone peers. More austerity is expected ... (Source: Reuters 2010-10-04T11:12:15Z)

Egypt exchange halts trading in Orascom Telecom

CAIRO (AP) -- Egypt's stock exchange has halted trading in shares of Egyptian telecom giant Orascom Telecom amid reports of a possible deal with Russia's VimpelCom Ltd. The exchange said in a statement Monday that it was waiting for a response from OT ... (Source: Yahoo Finance 2010-10-04T11:26:34Z)

Southwest deal will change travel

Southwest Airlines agreed to buy AirTran last week for $1.4 billion. When the combination is complete, fliers — especially those used to AirTran — will notice plenty of changes, from the way they book to the way they board. Here's a look at four ways ... (Source: Baton Rouge Advocate 2010-10-03T05:08:21Z)

Cancún Failure Would Make Climate Talks 'Irrelevant', EU Negotiator Warns

TIANJIN, China - International climate talks are at risk of becoming irrelevant if countries fail to substantially narrow their differences before the end of this year, a senior European diplomat warned today. The grim prognosis by Artur Runge-Metzger ... (Source: Common Dreams 2010-10-04T15:15:37Z)

Stocks nudge higher on first day of October

NEW YORK — Stocks started off October on a positive note following mostly good news on the economy. Stock indexes started the day higher but gave up some of their gains late in the day. The market is coming off a major surge that brought the Dow Jones ... (Source: USA Today 2010-10-01T22:35:50Z)

Dutch Politician On Trial For Comparing Koran To Mein Kampf

In yet one more reminder that the Netherlands and America operate under very different rules, a Dutch lawmaker went on trial today for "inciting hatred and discrimination against Muslims." Geert Wilders compared the Koran to Mein Kampf in an editorial and ... (Source: NPR News 2010-10-04T14:39:50Z)

What to expect from the Southwest-AirTran deal

Southwest Airlines agreed to buy AirTran this week for $1.4 billion. When the combination is complete, fliers — especially those used to AirTran — will notice plenty of changes, from the way they book to the way they board. Here's a look at four ways ... (Source: Cape Cod Times 2010-10-03T06:12:47Z)

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)

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)

Egypt exchange halts trading in Orascom

CAIRO - Egypt's stock exchange has halted trading in shares of Egyptian telecom giant Orascom Telecom amid reports of a possible deal with Russia's VimpelCom Ltd. The exchange said in a statement Monday that it was waiting for a response from OT about ... (Source: MSN Canada News 2010-10-04T13:28:15Z)

Increase in levels of some cancer-causing chemicals recorded since BP spill

Los Angeles — Levels of some cancer-causing oil compounds rose significantly in the waters off the Louisiana coast during the BP spill in the Gulf of Mexico, according to Oregon State University researchers. "It's an incredibly huge jump in ... (Source: Baltimore Sun 2010-10-02T23:17:36Z)

Dutch Close In On Coalition Deal

AMSTERDAM—A vote Tuesday among Christian Democrat legislators will be the final hurdle to the Netherlands getting its first operating government since February and pushing through €18 billion ($24.8 billion) in budget cuts to 2015. However, analysts ... (Source: Wall Street Journal 2010-10-04T09:10:33Z)

United, Continental close deal to become world's largest airline

United and Continental closed the deal today that will create the world's biggest airline, ending Delta's brief hold on the top spot. The transaction puts the two airlines in the same holding company, United Continental Holdings Inc., which will spend ... (Source: Oregonian 2010-10-01T15:12:01Z)

State-funded road construction in New Jersey stopped amid standoff over bond sale

TRENTON, N.J. — New Jersey Transportation Commissioner James Simpson ordered an immediate stop Friday to all state-funded road construction because he said the Legislature hasn't approved a bond sale. The state was looking to sell up to $1.25 billion in ... (Source: Washington Examiner 2010-10-01T21:02:47Z)

Climate chief urges nations to show deal can be done

TIANJIN, China (Reuters) - The U.N. climate change chief urged governments on Monday to make real steps toward a new treaty to fight global warming or risk throwing negotiations into doubt. Negotiators are meeting in the northern Chinese port city of ... (Source: Reuters 2010-10-04T05:14:20Z)

Genzyme Board Urges Shareholders to Take No Action On Sanofi-Aventis' Unsolicited Tender Offer

CAMBRIDGE, Mass. - (Business Wire) Genzyme Corp. (NASDAQ: GENZ) said today that its board of directors urged shareholders to take no action on an unsolicited tender offer from Sanofi-Aventis to acquire all outstanding common shares of Genzyme for $69 per ... (Source: Earthtimes 2010-10-04T14:54:09Z)

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