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 7, 2010, 10:41 am

Wells Fargo to offer mortgage relief to Florida borrowers

More than 4,000 Florida homeowners will be eligible for loan modifications and mortgage-balance forgiveness totaling nearly $388 million under an agreement Wells Fargo Bank reached with eight states, Florida Attorney General Bill McCollum said Wednesday ... (Source: TradingMarkets.com 2010-10-07T15:55:01Z)

White House says it didn't withhold oil spill info

W ASHINGTON — The White House is pushing back against accusations that the administration blocked government scientists from telling the public just how bad the BP oil spill could become. Press secretary Robert Gibbs says the White House never tried to ... (Source: Boston Herald 2010-10-07T17:20:55Z)

Strange But True News Across the World

Bad news for baseball bats is good news for trees. The Minnesota Twins and the state Department of Natural Resources teamed up this season to launch the "Break a Bat, Plant a Tree" promotion. Under the deal, 100 trees will be planted in a Minnesota park or ... (Source: WGCL 2010-10-07T16:59:26Z)

Wells Fargo pays $24 million over mortgage probe

Wells Fargo will pay $24 million to end an investigation by eight states into whether lenders acquired by the company made risky mortgages to consumers without disclosing their perils. The states said loans known as option adjustable-rate mortgages, or ... (Source: CharlotteObserver.com 2010-10-07T12:34:35Z)

Larry Summers Replacement: Progressive Economists Offer Their Suggestions, 'No More Rubinites'

Progressive economists have one piece of advice for President Barack Obama when it comes to replacing top economic adviser Larry Summers: No more Robert Rubin disciples. Summers, who served as head of the White House's National Economic Council, a position ... (Source: Huffingtonpost.com 2010-09-24T01:58:36Z)

UPDATE 1-GE to pay $3 bln for oil equipment maker Dresser

BOSTON Oct 6 (Reuters) - General Electric Co ( GE.N ) reached a $3 billion deal to buy Dresser Inc [DRESS.UL], a maker of gas engines used to power oil and natural gas production equipment, in its latest bid to boost its energy business. The Addison, Texas ... (Source: Reuters 2010-10-06T13:40:12Z)

Patriots trade Randy Moss to Vikings

F OXBORO - The Patriots [ team stats ] have traded star receiver Randy Moss to the Minnesota Vikings, the team confirmed today, completing a mega deal that just a few days ago seemed implausible. Now, it is reality. The Patriots have received a 2011 third ... (Source: Boston Herald 2010-10-07T04:42:08Z)

GE to pay $3 billion for oil equipment maker Dresser

BOSTON (Reuters) - General Electric Co ( GE.N ) reached a $3 billion deal to buy Dresser Inc DRESS.UL, a maker of gas engines used to power oil and natural gas production equipment, in its latest bid to boost its energy business. The Addison, Texas-based ... (Source: Reuters 2010-10-06T13:47:21Z)

Randy Moss going to Vikings??

Malibu, no Patriot fan that i've seen has said we are better off statiscally, they say if Moss is going to be a distraction better to deal him now when they can get some value than wait until EVERYONE knows he wants to leave and we end up with a 6th ... (Source: CBS Sports 2010-10-07T06:08:02Z)

Apple Readies Verizon iPhone

AT&T Inc. is about to lose its lock on the iPhone. Apple Inc. is making a version of its iPhone that Verizon Wireless will sell early next year, according to people familiar with the matter, ending an exclusive deal with AT&T and sharpening the competition ... (Source: Wall Street Journal 2010-10-07T03:37:43Z)

Bats broken by Twins pitchers mean 18,000 new trees will be planted in Minnesota

MINNEAPOLIS - Bad news for baseball bats is good news for trees. The Minnesota Twins and the state Department of Natural Resources teamed up this season to launch the "Break a Bat, Plant a Tree" promotion. Under the deal, 100 trees will be planted in a ... (Source: Minneapolis Star Tribune 2010-10-07T16:23:39Z)

Wells Fargo, Arizona homeowners settle mortgage-loan case

Mortgage relief is on the way for Arizona homeowners who took out "pick-a-pay" loans from two companies that since have been acquired by Wells Fargo. Wells Fargo has agreed to provide more than $150 million in mortgage relief to homeowners who obtained the ... (Source: AZCentral.com 2010-10-07T15:04:54Z)

Mario Vargas Llosa wins Nobel literature prize

Peruvian Mario Vargas Llosa won the 2010 Nobel Prize in literature on Thursday as the academy honored one of the Spanish-speaking world's most acclaimed authors and an outspoken political activist who once ran for president in his tumultuous homeland ... (Source: AP - msnbc.com 2010-10-07T17:28:04Z)

British Airways, Iberia and American Airlines announce new routes under transatlantic deal

LONDON - American Airlines, British Airways and Iberia launched their transatlantic joint business Wednesday, unveiling new routes and detailing benefits for customers that include a shared frequent flyers program. BA Chief Executive Willie Walsh said the ... (Source: Minneapolis Star Tribune 2010-10-06T13:40:12Z)

BP, Azerbaijan sign deal on Caspian Sea gas

BP PLC's new Chief Executive Bob Dudley signed a deal with Azerbaijan's state oil company on Thursday to develop a major new gas field in the Caspian Sea — his first big move since taking over the top job this month. Azerbaijan is one of the British ... (Source: AP - msnbc.com 2010-10-07T10:54:22Z)

American Airlines announces recall of pilots, flight attendants on news of favorable antitrust ruling

Increased international traffic and opportunities for new international and domestic business have prompted American Airlines to recall 40 percent of its furloughed flight attendants and 12.6 percent of its laid-off pilots, company executives said ... (Source: Tulsa World 2010-10-07T17:20:55Z)

Peruvian Mario Vargas Llosa wins 2010 Nobel Prize in literature, 1st South American since 1982

STOCKHOLM (AP) — Peruvian Mario Vargas Llosa won the 2010 Nobel Prize in literature on Thursday as the academy honored one of the Spanish-speaking world's most acclaimed authors and an outspoken political activist who once ran for president in his ... (Source: Chicago Tribune 2010-10-07T16:45:07Z)

Factbox: Facts About Nobel Author Mario Vargas Llosa

Facts about Peruvian author Mario Vargas Llosa, who won the Nobel prize for literature on Thursday: * Vargas was born in Arequipa, Peru, on March 28, 1936, to a middle-class couple of Spanish heritage. He spent part of his childhood in Bolivia and later ... (Source: Post Chronicle 2010-10-07T17:13:45Z)

STIMULUS TRACKER: Lawrence Dodge dealer sings the praises of Cash for Clunkers

President Obama's Cash-for-Clunkers stimulus program was a rousing success in Greater Trenton and across America. It took thousands of old cars off the road, reducing air pollution, and put their drivers in nice new ones — subsidized by $4,500 from ... (Source: Trentonian 2010-10-06T05:33:26Z)

American Airlines, British Airways And Iberia Announce Better Deal For Trans-Atlantic Flyers

LONDON , Oct. 6 /PRNewswire/ -- More access to cheaper fares, bigger choice of flight times and easier connecting journeys will become reality for transatlantic flyers with the launch of the new joint business between American Airlines, British Airways and ... (Source: Street.Com 2010-10-07T00:17:17Z)

TURF ANALYSIS (10/4): The Ws' Ws could set up continental showdown

Wins by both Winchester and Workforce in major races the weekend of October 2-3 could renew a familiar Emirates Airline Breeders' Cup Turf (G1) storyline. American-based Winchester won the Joe Hirsch Memorial Turf Classic Stakes (G1) on October 2 at ... (Source: Thoroughbred Times 2010-10-07T16:02:10Z)

Dealers: Program clunky, but it spurred sales

The $3 billion Cash for Clunkers program was one of the Obama Administration's most highly-publicized economic recovery initiatives. The effort spurred new cars sales and got countless old, gas-guzzling and polluting vehicles off the nation's highways ... (Source: Troy Record 2010-10-07T06:36:40Z)

Twins pitchers break bats, Minn. DNR plants trees

Bad news for baseball bats is good news for trees. The Minnesota Twins and the state Department of Natural Resources teamed up this season to launch the "Break a Bat, Plant a Tree" promotion. Under the deal, 100 trees will be planted in a Minnesota park or ... (Source: AP - msnbc.com 2010-10-07T16:23:39Z)

Government thwarted worst-case scenario on Gulf oil spill

WASHINGTON — The Obama administration blocked efforts by government scientists to tell the public just how bad the Gulf oil spill could become and committed other missteps that raised questions about its competence and candor during the crisis, according ... (Source: Savannah Morning News 2010-10-07T17:28:04Z)

American Air Says Alliance Will Create London-New York `Shuttle Service'

American Airlines will step up competition in New York City by coordinating flights with joint- venture partner British Airways Plc to offer London departures every half hour each evening. American and British Airways' trans-Atlantic business alliance ... (Source: Bloomberg 2010-10-06T17:36:25Z)

American Air Says Venture Creates NYC-London 'Shuttle Service'

Oct. 6 (Bloomberg) -- American Airlines will step up competition in New York City by coordinating flights with joint- venture partner British Airways Plc to offer London departures every half hour each evening. American and British Airways' trans ... (Source: BusinessWeek 2010-10-06T17:36:25Z)

Consumer Confidential: Verizon iPhone, new Gap logo, job market improves (slightly)

Here's your think-about-it Thursday roundup of consumer news from around the Web: --Bloggers have frothed about it for months. Verizon has all but denied it. But now the Wall Street Journal is weighing in with a story that says a Verizon iPhone is a done ... (Source: Los Angeles Times 2010-10-07T17:13:45Z)

Sports Guy breaks Randy Moss story by "accident"

ESPN blogger and Boston sports nut Bill Simmons — known as "The Sports Guy" — used his Twitter account Wednesday evening to send a direct message to one of his 1,265,832 followers seeking "info," he says, on a rumor he heard that the New ... (Source: Boston Globe 2010-10-07T17:28:04Z)

New iPhone could come to Verizon as early as next January - NYPOST.com

Drop everything -- except your calls. A new version of the iPhone, capable of running on the Verizon Wireless network, could go on sale early next year, The Wall Street Journal reported yesterday. The end of Apple's exclusivity deal with AT&T, which has ... (Source: New York Post 2010-10-07T16:45:07Z)

GE's Dresser Deal Taps Into the Natural Gas Boom

General Electric Co. is expanding its energy business by tapping into the growing reliance of utilities and factories on natural gas. The addition Wednesday of privately held energy equipment maker Dresser Inc. for $3 billion bolsters GE's already sizable ... (Source: ABC News 2010-10-06T20:56:51Z)

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