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, 4:40 pm

Caritas Christi deal with Cerberus Capital gets AG's OK

Massachusetts Attorney General Martha Coakley has approved the sale of Caritas Christi Health Care to private equity firm and turnaround specialist Cerberus Capital Management, but with strings attached. Coakley imposed several conditions on the deal to ... (Source: FierceHealthcare 2010-10-07T14:00:29Z)

CB&I Signs Agreement With BP To License Paraxylene Technology

CB&I (NYSE:CBI) announced today that Lummus Technology, a CB&I Company, has signed an agreement with BP for the exclusive right to license and market BP's paraxylene recovery and isomerization technology and catalyst. CB&I's Lummus Technology business ... (Source: Street.Com 2010-10-06T11:09:52Z)

Hint of possible plea deal in the offing for Tracy torture suspects

STOCKTON -- Three of the four Tracy people accused of torturing and holding a teen boy captive for more than a year will return to court Friday, possibly to accept plea deals in a case that stunned their hometown. A gag order prevents attorneys from ... (Source: San Jose Mercury News 2010-10-06T19:45:16Z)

Citi Completes Asset Sale To GE Capital

NEW YORK -- Citigroup Inc. said Wednesday that it has closed the sale of $1.6 billion in managed assets to GE Capital, a unit of General Electric Co. . The assets, retail sales finance portfolios, were part of Citi Holdings. Terms of the deal were not ... (Source: FOXBusiness 2010-10-06T14:01:40Z)

SABMiller eyes $9.5 bn Africa Castel beer buy

Global brewer SABMiller is in talks to buy the African beer operations of the privately-held French drinks group Castel in a deal worth 6 billion pounds (USD 9.5 billion), the Times of London said on Thursday. The newspaper said founder Paul Castel's ... (Source: MoneyControl.com 2010-10-07T08:16:53Z)

Defense says it's in plea talks in San Joaquin shackle case

STOCKTON – A plea deal may be in the works for at least three of four people accused of holding captive a Sacramento teenager and ritualistically abusing him for more than a year, lawyers in the case said Monday. The attorneys are preparing to begin the ... (Source: Sacramento Bee 2010-10-05T07:00:31Z)

Mass. AG backs Caritas sale under conditions

Massachusetts Attorney General Martha Coakley says she'll back the sale of the nonprofit Caritas Christi Health Care System to a private equity firm under conditions that protect the quality of care, and maintain jobs. Coakley announced Wednesday that ... (Source: AP - msnbc.com 2010-10-06T21:39:48Z)

GE Capital Acquires $1.6 Bln Retail Partner Cards Assets From Citigroup - Update

(RTTNews) - GE Capital, the financial services unit of General Electric Co. (GE: News ), Wednesday said it has acquired $1.6 billion worth sales finance portfolios from Citigroup, Inc. (C), which would enhance its Sales Finance business. Terms of the deal ... (Source: RTT News 2010-10-06T15:06:06Z)

Washington Mutual Files Amended Reorganization Plan - Update

(RTTNews) - Washington Mutual Inc. (WAMUQ.PK: News ) said Tuesday that it has filed an amended plan of reorganization and disclosure statement with the U.S. Bankruptcy Court for the District of Delaware. The filing is based upon consummating the company's ... (Source: RTT News 2010-10-07T03:09:05Z)

CB&I, BP Inks Deal To License Paraxylene Technology - Quick Facts

(RTTNews) - Chicago Bridge & Iron Company N.V. or CB&I (CBI: News ) announced that Lummus Technology, a CB&I Company, has signed a deal with BP for the exclusive right to license and market BP's paraxylene recovery and isomerization technology and catalyst ... (Source: RTT News 2010-10-06T11:31:21Z)

Peru's Mario Vargas Llosa wins Nobel Prize for literature

2010: Mario Vargas Llosa , Peru. 2009: Herta Mueller, Germany. 2008: Jean-Marie Gustave Le Clezio, France. 2007: Doris Lessing , Britain. 2006: Orhan Pamuk , Turkey. 2005: Harold Pinter , Britain. 2004: Elfriede Jelinek , Austria. 2003: J.M. Coetzee ... (Source: USA Today 2010-10-07T22:28:43Z)

'It Was A Big, Big Surprise,' New Nobel Laureate Mario Vargas Llosa Tells NPR

As we reported earlier , the Swedish Academy has awarded this year's Nobel Prize in Literature to Peruvian writer Mario Vargas Llosa, currently a visiting lecturer in creative writing in the Lewis Center for the Arts at Princeton University, in recognition ... (Source: NPR News 2010-10-07T21:31:27Z)

UPDATE 1-WaMu strikes deal with bank bondholders

* Deal aimed at bringing company out of bankruptcy NEW YORK Oct 6 (Reuters) - Washington Mutual Inc ( WAMUQ.PK ) reached a $335 million settlement with holders of notes issued by its bank, according to court documents, broadening the company's settlement ... (Source: Reuters UK 2010-10-06T22:58:32Z)

Georgia coach Mark Richt tries new ploys as Bulldogs and Tennessee looking for first SEC win

ATHENS , Ga. (AP) — Georgia 's longest losing streak in 20 years has coach Mark Richt searching for answers. The Bulldogs are scuffling to get their first Southeastern Conference victory — and so is Tennessee . The Volunteers are in their first season ... (Source: Chicago Tribune 2010-10-06T01:08:35Z)

WaMu strikes deal with bank bondholders

NEW YORK (Reuters) - Washington Mutual Inc ( WAMUQ.PK ) reached a $335 million settlement with holders of notes issued by its bank, according to court documents, broadening the company's settlement it hopes will bring it out of bankruptcy. The company ... (Source: Reuters 2010-10-06T22:58:32Z)

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)

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

STOCKHOLM - 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 ... (Source: Minneapolis Star Tribune 2010-10-07T19:15:27Z)

Three suspects likely to announce plea deals in tortured teen case on Friday

STOCKTON – Three of four defendants awaiting trial on charges they tortured a teenage boy held captive in Tracy are due back in court Friday possibly to announce settlements. Anthony Waiters is the lone defendant who appears to be headed to trial later ... (Source: Record 2010-10-06T17:00:38Z)

Family ties: A Dooley is back between the hedges, and the Big Dog will sit this one out

ATHENS, Ga. (AP) — Derek Dooley says it's no big deal. His father knows better. So Vince Dooley is sitting this one out. The retired Georgia coach will naturally be cheering for his son when Tennessee faces the Bulldogs at Sanford Stadium on Saturday ... (Source: Chicago Tribune 2010-10-07T21:24:18Z)

UPDATE 2-SABMiller declines comment on Castel bid report

LONDON, Oct 7 (Reuters) - Global brewer SABMiller ( SAB.L ) declined to comment on a report it was in talks to buy the African beer operations of private French drinks group Castel in a deal worth over 6 billion pounds ($9.5 billion) The Times report came ... (Source: Reuters UK 2010-10-07T07:48:15Z)

GE's Dresser deal taps into the natural gas boom

NEW YORK -- 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 ... (Source: Forbes 2010-10-06T20:56:51Z)

Citi sells retail partner card portfolios to GE Cap

NEW YORK (Reuters) - Citigroup Inc <C.N> has sold $1.6 billion in sales finance portfolios from its retail partner card business to GE Capital, the companies announced on Tuesday. The terms of the deal were not disclosed. The assets were from the partner ... (Source: msnbc.com 2010-10-06T13:18:43Z)

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)

British Airways, Iberia and American Airlines launch tie-up

The three carriers announced four new flight routes and codeshares on more than 2,600 additional flights as part of the new deal that is aimed at taking a chunk of business from the larger Star alliance. American Airlines signaled its confidence in the ... (Source: Deseret News 2010-10-06T15:06:06Z)

SABMiller declines comment on Castel bid report

LONDON (Reuters) - Global brewer SABMiller <SAB.L> declined to comment on a report it was in talks to buy the African beer operations of private French drinks group Castel in a deal worth over 6 billion pounds ($9.5 billion) The Times report came a day ... (Source: msnbc.com 2010-10-07T10:04:16Z)

This time, a Dooley is trying to beat the Dawgs

ATHENS, Ga. -- Derek Dooley says it's no big deal. His father knows better. So Vince Dooley is sitting this one out. The retired Georgia coach will naturally be cheering for his son when Tennessee faces the Bulldogs at Sanford Stadium on Saturday. But the ... (Source: ESPN.com 2010-10-07T21:24:18Z)

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)

Coakley backs sale of Caritas Health

BOSTON (AP) -- Attorney General Martha Coakley says she'll back the sale of the nonprofit Caritas Christi Health Care System to a private equity firm under conditions that protect the quality of care, and maintain jobs. Coakley announced yesterday that ... (Source: Lowell Sun 2010-10-07T10:47:13Z)

Lummus Technology to Market and License BP's Paraxylene Technology

CB&I (NYSE:CBI) announced today that Lummus Technology, a CB&I Company, has signed an agreement with BP for the exclusive right to license and market BP's paraxylene recovery and isomerization technology and catalyst. CB&I's Lummus Technology business ... (Source: Azom.com 2010-10-07T11:01:32Z)

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)

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