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, 5:41 pm

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)

Cadence cancels Trustmark deal

Cadence Financial Corp. called off an acquisition deal Wednesday with Mississippi competitor Trustmark Corp. and accepted a more lucrative buyout from a Houston company formed to invest in community banks. Starkville, Miss.-based Cadence said Wednesday ... (Source: Montgomery Advertiser 2010-10-07T11:44:29Z)

Shocking phone bills add to scrutiny of cell phone carriers' billing practices

WASHINGTON — Liz Szalay said she was shocked when she saw her 14-year-old son's phone bill. Because he didn't have a $30 data plan as part of his Verizon Wireless contract, he'd run up charges of $2,000 over two months for downloading songs. "I ... (Source: Bend Bulletin 2010-10-07T11:01:32Z)

Budget deal based on ifs

Here are details of the budget proposal the state Legislature is scheduled to begin debating Thursday. It was reached by Gov. Arnold Schwarzenegger and the four legislative leaders last week as a way to address California's $19 billion deficit, which ... (Source: Long Beach Press-Telegram 2010-10-07T02:04:39Z)

Hess, PetroChina in China marginal oilfield deal

* Two companies seeking to enhance output at aging oilfield * China's crude oil production is seen up 6 pct this year BEIJING, Sept 29 (Reuters) - U.S. independent oil and gas firm Hess Corporation ( HES.N ) is studying a marginal oilfield in China's ... (Source: Reuters 2010-09-29T11:18:10Z)

Canadian Firms To Buy Australian Assets: Analyst

SAN FRANCISCO -- Canadian companies are poised to acquire Australian assets, Credit Suisse analysts said on Thursday, forecasting an increased trend in M&A activity between the two countries. The base metals sector is the most likely to feel the effects ... (Source: FOXBusiness 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)

PepsiCo's 3Q profit rises, but narrows guidance

NEW YORK -- PepsiCo Inc. 's third-quarter net income rose 12 percent on strong sales gains in drinks and Frito-Lay snacks abroad, but shares fell after the company lowered the top end of its guidance because of investments to expand its presence overseas ... (Source: Forbes 2010-10-07T21:09:59Z)

Cadence drops Trustmark deal

Cadence Financial Corp. has called off a deal with Trustmark Corp. and accepted a more lucrative deal with a company formed to invest in community banks. Starkville, Miss.-based Cadence said Wednesday that Houston-based Community Bancorp will buy it for $2 ... (Source: Hattiesburg American 2010-10-07T11:37:19Z)

Turkey's ties with China, Iran of concern

JERUSALEM, Oct 7, 2010 (UPI via COMTEX) -- Military cooperation among Turkey, China and Iran is of concern to Israel and the United States, a report said. Last week Turkey completed a joint covert air force exercise with China, the daily Haaretz said ... (Source: Investors Business Daily 2010-10-07T11:58:48Z)

Cricket to offer the new Huawei Ascend Smartphones in mid-October

Oct 07, 2010 (M2 EQUITYBITES via COMTEX) -- Provider of wireless services Cricket Communications Inc, a wholly-owned subsidiary of Leap Wireless International Inc (Nasdaq:LEAP), on Wednesday announced the upcoming launch of the Huawei Ascend Smartphone ... (Source: TMCnet 2010-10-07T14:07:38Z)

GDF's Tractebel in deal to build China MOX plant

PARIS Oct 7 (Reuters) - French utility GDF Suez ( GSZ.PA ) signed a fuel manufacturing agreement with China that could place it in competition with French state-owned nuclear energy firm Areva ( CEPFi.PA ). Belgium's nuclear research centre said the French ... (Source: Reuters India 2010-10-07T07:26:47Z)

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)

Huawei Ascend Unveiled, Possibly the Cheapest Android Smartphone

Huawei just showcased one of the cheapest Android smartphones on the market, known as Huawei Ascend. The device is expected to be released somewhere in mid October at Cricket, together with a Mi-Fi-like device called Crosswave. It seems that the Chinese ... (Source: Softpedia 2010-10-06T13:54:31Z)

Cadence drops Trustmark, accepts alternate deal

— Cadence Financial Corp. called off an acquisition deal Wednesday with Mississippi competitor Trustmark Corp. and accepted a more lucrative buyout from a Houston company formed to invest in community banks. Starkville, Miss.-based Cadence said Wednesday ... (Source: Houston Chronicle 2010-10-06T18:05:03Z)

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)

Rep. Johnson, Selah business owner face off in Dist. 14 Pos. 1 race

YAKIMA, Wash. – Rep. Norm Johnson is running for re-election this November to keep his seat in the Legislature and faces off with a challenger who promises a different approach to representing her community in the state House. "I feel like I've offered ... (Source: msnbc.com 2010-10-06T18:19:22Z)

Calif. budget plan relies on accounting maneuvers

California lawmakers got their first look during brief committee hearings Wednesday at a proposal that attempts to end the state's record-long budget impasse and close a $19 billion deficit, primarily through targeted spending cuts and a large dose of ... (Source: AP - msnbc.com 2010-10-07T00:10:07Z)

Teck Resources Ltd. completes cash tender offer

Canadian mining company Teck Resources Ltd. said Wednesday it has completed its cash tender offer to purchase up to $1 billion in outstanding senior secured notes. The company said as of Tuesday, the amount tendered in the offer was about $543 million ... (Source: AP - msnbc.com 2010-10-06T19:59:35Z)

Surprise data charges may end

WASHINGTON — Liz Szalay said she was shocked when she saw her 14-year-old son's phone bill. Because he didn't have a $30 data plan as part of his Verizon Wireless contract, he'd run up charges of $2,000 over two months for downloading songs. "I would ... (Source: NorthJersey.com 2010-10-07T06:08:02Z)

Cricket 2 Offer Low-Budget Android 2.1 Huawei Ascend for $149.99

At CTIA, there were also low-cost budget Android smartphones released. Criicket announced the Huawei Ascend with a no-contract non-subsidized price of $149.99. The Huawei Ascend will be available starting mid-October. The Huawei Ascend has a 3.5" HVGA ... (Source: Wireless and Mobile News 2010-10-07T20:55:40Z)

SC congressman attacks opponent over land deal

LANCASTER, S.C. (AP) — A Lancaster County land deal has become a big deal in the congressional race in South Carolina's 5th District. The first negative ad made came from U.S. Rep. John Spratt, who is running for a 15th term in the northern South ... (Source: The Post and Courier 2010-10-07T23:54:37Z)

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)

Wells Fargo In Pact To Provide $772M In Mortgage Relief

Wells Fargo & Co. (WFC) agreed to offer hundreds of millions of dollars in mortgage relief to borrowers in eight states as part of a pact over allegedly deceptive marketing of payment-option adjustable rate mortgage loans offered by companies it acquired ... (Source: Wall Street Journal 2010-10-06T19:02:19Z)

Wells Fargo in Mortgage-Relief Pact

Wells Fargo & Co. agreed to offer hundreds of millions of dollars in mortgage relief to borrowers in eight states as part of a pact over allegedly deceptive marketing of payment-option adjustable-rate mortgage loans offered by companies it acquired. The ... (Source: Wall Street Journal 2010-10-06T19:45:16Z)

Fla. schools trying to cope with class size chaos

MIAMI (AP) — School districts are taking or preparing to take such drastic steps as increasing taxes, moving administrators and librarians into classrooms and busing students to other schools to meet Florida's class-size limits, which might be loosened ... (Source: Syracuse Post-Standard 2010-10-07T22:35:53Z)

Cell phone providers say they offer ways for customers to monitor usage

WASHINGTON -- Liz Szalay said she was shocked when she saw her 14-year-old son's phone bill. Because he didn't have a $30 data plan as part of his Verizon Wireless contract, he'd run up charges of $2,000 over two months for downloading songs. "I would ... (Source: Pittsburgh Tribune-Review 2010-10-07T03:59:11Z)

Peruvian Writer Mario Vargas Llosa Wins Nobel Prize

(Adds author's comment in 5th and 12th paragraphs and material on relations with Chavez starting in 13th.) Oct. 7 (Bloomberg) -- Mario Vargas Llosa, the Peruvian writer whose work explores the political corruption and military dictatorships of Latin ... (Source: BusinessWeek 2010-10-07T18:53:58Z)

California budget relies on cutting, creativity

SACRAMENTO -- California lawmakers got their first look Wednesday at a proposal that attempts to end the state's record-long budget impasse and close a $19 billion deficit, primarily through targeted spending cuts and a large dose of creative accounting ... (Source: Vacaville Reporter 2010-10-07T09:28:28Z)

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)

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