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 6, 2010, 12:43 pm

AirTran, YRC Worldwide: Volume Movers

BOSTON ( TheStreet ) -- AirTran ( AAI ) was one of several stocks poised to move on above-average volume Monday after Southwest Airlines ( LUV ) said it will acquire the company in a $1.4 billion cash and stock deal. AirTran shareholders will receive $7.69 ... (Source: Street.Com 2010-09-27T11:49:11Z)

Repeal tax breaks, risk corporate exits

As the price for winning GOP votes for budget deals in 2008 and 2009, Democratic legislative leaders held their noses and agreed to a trio of tax breaks for certain corporations operating in California. Those tax breaks haven't yet gone into effect, but ... (Source: Modesto Bee 2010-09-28T08:56:12Z)

Our View: The wrong way to set tax policy

As the price for winning GOP votes for budget deals in 2008 and 2009, Democratic legislative leaders held their noses and agreed to a trio of tax breaks for certain corporations operating in California. Those tax breaks haven't yet gone into effect, but ... (Source: Merced Sun-Star 2010-10-05T08:33:34Z)

Plea deals loom in Tracy torture case

STOCKTON - Four people charged with torturing a boy held captive in a Tracy home for more than a year appear to be close to taking a prosecutor's plea deal. But until such an agreement is reached, the case is moving toward trial, which is scheduled to ... (Source: Record 2010-10-06T04:07:32Z)

RPT-WRAPUP 2-GE a buyer once more, signs energy, finance deals

BOSTON, Oct 6 (Reuters) - General Electric Co ( GE.N ) marked its return to the takeover track with its first major deals since the start of the financial crisis, for a maker of engines used in oil and gas production and a credit card portfolio. The ... (Source: Reuters 2010-10-06T18:55:10Z)

MARTA to receive $19.7 million in federal grants

ATLANTA — Atlanta's public transportation system is getting $19.7 million in federal grants to upgrade its deteriorating bus fleet. The Federal Transit Administration says MARTA is getting $18.3 million to replace its paratransit facility, which hasn't ... (Source: Washington Examiner 2010-10-05T08:33:34Z)

UPDATE 2-Southwest Airlines to buy AirTran for $1.04 bln

WASHINGTON/CHICAGO, Sept 27 (Reuters) - Southwest Airlines ( LUV.N ) will purchase AirTran Holdings ( AAI.N ) for $1.04 billion in cash and stock in a deal that will allow Southwest to expand its presence in major East Coast markets. Contraction in the U.S ... (Source: Reuters 2010-09-27T13:22:14Z)

Creed's US distributor, Saujet, named Economic Club member

Emmanuel Saujet (pictured), 42, CEO of International Cosmetics & Perfumes, has been named a member of the prestigious Economic Club of New York ( link ). Founded in 1907, the Economic Club of New York is a nonpartisan, nonprofit forum for discussion and ... (Source: basenotes 2010-10-06T06:23:32Z)

Diamondbacks give Kirk Gibson 2-year deal as manager

The Arizona Diamondbacks are sticking with Kirk Gibson as their manager but will make significant changes to his coaching staff for 2011. Gibson received a two-year deal with a team option for 2013 on Monday. The club has called a 3 p.m. news conference to ... (Source: AZCentral.com 2010-10-05T07:43:28Z)

Roubini Says 2008 Bank Deals Created 'Too Bigger to Fail' Risk

Sept. 30 (Bloomberg) -- Nouriel Roubini, the professor credited with predicting the 2008 economic crisis, said mergers during the recession raise the risk that the U.S. government will have to bail out even larger financial companies. "The 'too big to ... (Source: BusinessWeek 2010-10-01T01:00:11Z)

Santa Cruz Metro gets $4.8M grant for alternative-fuel buses

SANTA CRUZ -- The Santa Cruz Metropolitan Transit District has received a $4.8 million grant from the Federal Transit Administration to buy 12 new buses that operate on alternative fuels, which will save an estimated 150,000 gallons of diesel fuel per year ... (Source: San Jose Mercury News 2010-10-05T08:33:34Z)

Santa Cruz Gets Federal Funds For Bus Fleet

KSBW.com Santa Cruz will be receiving a chunk of the $775 million handed out across the country as part of grants to improve transportation. On Monday, U.S. Transportation Secretary Ray LaHood announced the transit projects that will receive $775 million ... (Source: msnbc.com 2010-10-05T19:10:40Z)

D-backs sticking with Gibson on two-year pact

PHOENIX -- The D-backs have signed manager Kirk Gibson to a two-year contract with a club option for 2013, and will announce the deal at a 3 p.m. MST news conference on Monday. Gibson served as interim manager after A.J. Hinch was dismissed on July 1 and ... (Source: Major League Baseball 2010-10-04T19:33:19Z)

2nd UPDATE: Southwest Airlines To Buy Discount Rival AirTran

Southwest Airlines Co. (LUV) on Monday announced plans to buy discount rival AirTran Holdings Inc. (AAI) in a move that would revive its stalled international expansion and intensify pressure on network carriers on the U.S. East Coast. The definitive ... (Source: Wall Street Journal 2010-09-27T12:17:49Z)

GE Energy absorbing Dresser Inc. in $3B deal

General Electric Co. plans to buy energy infrastructure technology and service provider Dresser Inc. in a deal worth $3 billion. The move boosts GE's energy offerings, giving it Dresser's $40 billion portfolio of technologies for gas engines, control ... (Source: Albany Business Journal 2010-10-06T18:26:32Z)

Mexico: Monterrey beats Necaxa, tops standings

MEXICO CITY (AP) -- Humberto Suazo and Aldo De Nigris scored first-half goals to give Monterrey a 2-1 win against Necaxa in the Mexican Apertura on Saturday. The win moved unbeaten Monterrey ahead of Cruz Azul atop the general standings. Cruz Azul hosts ... (Source: CNN Sports Illustrated 2010-10-03T07:02:53Z)

Diamondbacks name Kirk Gibson full-time manager

PHOENIX — Kirk Gibson is going to get a shot at managing the Arizona Diamondbacks for a full season. Hired as the interim manager after a midseason shake-up, Gibson was given the permanent job on Monday, signing a two-year deal with a team option for ... (Source: Sporting News 2010-10-05T08:19:15Z)

Photo Release -- OMA Opens the New Terminal B at Monterrey International Airport

Press Release Source: Grupo Aeroportuario del Centro Norte S.A.B. de C.V. On Wednesday September 1, 2010, 3:15 pm EDT MONTERREY, Mexico, Sept. 1, 2010 (GLOBE NEWSWIRE) -- Mexican airport operator Grupo Aeroportuario del Centro Norte, S.A.B. de C.V., known ... (Source: Yahoo Finance 2010-10-05T12:58:26Z)

Corrected: GE a Buyer Once More With Energy and Finance Deals

BOSTON (Reuters) - General Electric Co marked its return to the takeover track with its first major deals since the start of the financial crisis, for a maker of engines used in oil and gas production and a credit card portfolio. The largest U.S ... (Source: ABC News 2010-10-06T19:23:48Z)

Jury selection to begin next week for trial of four Tracy torture suspects

STOCKTON -- Nearly two years after he showed up at a Tracy gym begging for help -- battered and bruised with a chain wrapped around his ankle -- the case against four people accused of imprisoning and torturing a 16-year-old boy is moving forward. Jury ... (Source: San Jose Mercury News 2010-10-04T20:37:45Z)

Judge denies delay in teen torture case

STOCKTON - A judge refused Monday to delay next month's trial of four people charged with torturing a 16-year-old boy held captive in a Tracy home for more than a year. Defense attorneys for the four said they wanted time to research the need to move the ... (Source: Record 2010-09-28T08:06:05Z)

D-backs give Kirk Gibson 2-year deal

PHOENIX, Oct. 4 (UPI) -- The Arizona Diamondbacks have signed interim Manager Kirk Gibson to a two-year contract, the team announced Monday. The deal also includes a third-year club option for 2013. Gibson was promoted from bench coach to interim manager ... (Source: United Press International 2010-10-04T22:10:48Z)

Kirk Gibson, from TV to Arizona manager

Sometime over the next several days, new Arizona general manager Kevin Towers is expected to remove the "interim" tag on manager Kirk Gibson's title. The Diamondbacks , according to sources, are on the verge of negotiating a two-year contract with Gibson ... (Source: CBS Sports 2010-09-30T02:55:54Z)

Metro will get $4.8M grant to buy new alternative fuel buses

SANTA CRUZ - The Santa Cruz Metropolitan Transit District has received a $4.8 million grant from the Federal Transit Administration to buy 12 new buses that operate on alternative fuels, which will save an estimated 150,000 gallons of diesel fuel per year ... (Source: San Jose Mercury News 2010-10-05T00:48:17Z)

Business-commissioned Study Inflates Cost of NYC Paid Sick Leave, Say Researchers

WASHINGTON, Oct 04, 2010 (BUSINESS WIRE) -- In a letter to the Speaker of the New York City Council, the Institute for Women's Policy Research (IWPR) and other leading scholars outlined flaws in a study by the Partnership for New York City estimating high ... (Source: CNBC 2010-10-04T19:54:48Z)

Monterrey stays unbeaten in Mexico

MEXICO CITY (AP) -- Monterrey played out a scoreless draw with Queretaro on Saturday to remain the only unbeaten team in the Mexican league. The point was enough to improve Monterrey to 19 points, just behind leaders Cruz Azul with 21. Cruz Azul lost 2-1 ... (Source: CNN Sports Illustrated 2010-09-26T01:20:26Z)

MARTA Getting Millions for Bus Improvements

ATLANTA (AP) Atlanta's public transportation system is getting $19.7 million in federal grants to upgrade its deteriorating bus fleet. The Federal Transit Administration says MARTA is getting $18.3 million to replace its paratransit facility, which hasn't ... (Source: News/Talk 750 WSB 2010-10-05T09:30:50Z)

Metro Transit gets maintenance funds

Behind every good bus system, there's a paint job. On Monday, U.S. Transportation Secretary Ray LaHood announced which projects will share in $776 million from the Federal Transit Administration's new "State of Good Repair" program, which aims to spruce up ... (Source: Pioneer Press 2010-10-05T05:05:59Z)

Calif. measure: Protect schools or cap job growth?

SACRAMENTO, Calif. -- The tax breaks targeted by Proposition 24 can be mind-numbing. But for voters, understanding the Nov. 2 ballot initiative comes down to a simple argument: Will repealing the tax breaks protect public schools and health care programs ... (Source: Forbes 2010-10-05T15:07:17Z)

Gibson, Dipoto get new deals with Diamondbacks

PHOENIX -- Kirk Gibson is going to get a shot at managing the Arizona Diamondbacks for a full season. Hired as the interim manager after a midseason shake-up, Gibson was given the permanent job on Monday. Interim general manager Jerry Dipoto also will ... (Source: CBS Sports 2010-10-05T04:08:43Z)

Blog Archive