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, 8:41 am

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)

Peruvian Mario Vargas Llosa wins Nobel Prize in literature

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 came close to being elected president of his ... (Source: New Orleans Times-Picayune 2010-10-07T15:26:23Z)

Peruvian wins Nobel Prize in literature

STOCKHOLM - Peruvian Mario Vargas Llosa won the 2010 Nobel Prize in literature on Thursday as the academy honored a man who was both one of the Spanish-speaking world's most acclaimed authors and a former presidential candidate in his politically divided ... (Source: Herald Tribune 2010-10-07T14:07:38Z)

Saint Joseph Mercy Health System, IHA to merge

Ann Arbor-based Saint Joseph Mercy Health System today announced a merger with IHA, a physician group practice based in Ann Arbor with more than 150 doctors and 40 nurse practitioners across Southeast Michigan. The deal is expected to be completed on or ... (Source: Detroit News 2010-10-06T11:31:21Z)

Peru's Mario Vargas Llosa wins 2010 Nobel literature prize (Roundup)

Stockholm - Peruvian author Mario Vargas Llosa was Thursday awarded this year's Nobel Prize in Literature 'for his cartography of the structures of power and his trenchant images of the individual's resistance, revolt and defeat.' Vargas Llosa told ... (Source: Monsters and Critics 2010-10-07T13:31:51Z)

UPDATE 2-Kremlin chief to court Algeria on Vimpelcom deal

MOSCOW/LONDON Oct 6 (Reuters) - Russian President Dmitry Medvedev faces an uphill battle on Wednesday convincing Algeria to approve the sale of its biggest mobile telephone operator and BP's Algerian assets to Russian companies. On the line is Vimpelcom's ... (Source: Reuters 2010-10-06T12:35:46Z)

Rangers lack star power to compete

The King's Castle remains a fortress, with Lundqvist, six pounds lighter than he was last year and perhaps quicker, entering his sixth NHL season. The Rangers believe Lundqvist, who started 72 games last year, including 25 of the final 26, allowed some ... (Source: New York Post 2010-10-07T06:15:12Z)

Saint Joseph Mercy Health System buys IHA physician group

Saint Joseph Mercy Health System and IHA, a physician group practice, will be merging as part of a larger plan to develop a new integrated health network, according to a press release. Both entities are based in Ann Arbor, Mich. The deal is just the latest ... (Source: FierceHealthcare 2010-10-06T15:41:53Z)

2010 NHL preview

Among other things, former Cardinals pitcher Joaquin Andujar was known for philosophically summarizing things with one fundamental, if slightly compressed, expression: "Youneverknow." He must have been a hockey fan. In the 2009-2010 NHL season, the ... (Source: St. Louis Post-Dispatch 2010-10-07T04:49:18Z)

Kremlin chief to court Algeria on Vimpelcom deal

MOSCOW, Oct 5 (Reuters) - Russian President Dmitry Medvedev faces an uphill battle on Wednesday when he tries to convince Algeria to approve the sale of its biggest mobile telephone operator and BP's Algerian assets to Russian companies. Medvedev's ability ... (Source: Reuters 2010-10-06T06:37:51Z)

Lehman in deal for Ambac to drop $6.1B in claims

Lehman Brothers Holdings Inc. has reached a deal with Ambac Assurance Corp. that calls for the troubled bond insurer to drop $6.1 billion in claims against the bankrupt investment bank. A hearing date of Oct. 20 was set by the U.S. Bankruptcy Court in New ... (Source: AP - msnbc.com 2010-10-06T22:51:23Z)

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)

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)

Lehman in deal that calls for Ambac Assurance to drop US$6.1 billion in claims

NEW YORK, N.Y. - Lehman Brothers Holdings Inc. has reached a deal with Ambac Assurance Corp. that calls for the troubled bond insurer to drop US$6.1 billion in claims against the bankrupt investment bank. A hearing date of Oct. 20 was set by the U.S ... (Source: Brandon Sun 2010-10-07T01:36:01Z)

Rangers sign Fedotenko to one-year deal

The New York Rangers have signed veteran forward Ruslan Fedotenko to a one-year, $1 million contract. The big Russian, playing on a tryout contract, won a job by leading the team with six assists, seven points and a plus-5 rating in preseason games ... (Source: Sporting News 2010-10-04T17:45:57Z)

Peruvian Mario Vargas Llosa Wins Nobel Literature Prize

Peruvian Mario Vargas Llosa, one of the most acclaimed writers in the Spanish-speaking world who once ran for president in his homeland, won the 2010 Nobel Prize in literature on Thursday. The Swedish Academy said it honored the 74-year-old author "for his ... (Source: FOX News 2010-10-07T15:12:04Z)

Mario Vargas Llosa wins 2010 Nobel prize for literature - 2nd Update

Stockholm - Peruvian author Mario Vargas Llosa has won this year's Nobel prize for literature, the Swedish Academy announced in Stockholm on Thursday. The academy's citation said he was awarded "for his cartography of the structures of power and his ... (Source: Earthtimes 2010-10-07T11:44:29Z)

Patriots trade WR Randy Moss to Vikings

Eden Prairie, Minn. — Brett Favre finally got his wish. He will be playing with Randy Moss, and the Vikings couldn't be happier about it. The Vikings got Moss from New England on Wednesday for a 2011 draft pick, another eye-opening acquisition that ... (Source: LJWORLD 2010-10-07T15:19:13Z)

American Airlines to start second daily Miami-Madrid route in spring 2011

American Airlines Wednesday announced plans to begin a second daily flight between Miami and Madrid. The announcement is part of a larger joint business arrangement between American, British Airways, and Iberia to provide service between North America and ... (Source: Sun-Sentinel (blog) 2010-10-07T14:07:38Z)

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 came close to being elected president of his ... (Source: AP - msnbc.com 2010-10-07T14:43:26Z)

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)

Televisa Invests $1.2 Billion for a Stake in Univision

Univision, the leading Spanish-language television network in the United States, will retain the rights to popular telenovelas produced by the Mexican television giant Grupo Televisa for another 15 years. In a deal announced Tuesday, Televisa will invest $ ... (Source: New York Times 2010-10-06T01:58:41Z)

Washington Could Learn From Havana and Moscow

Once upon a time the United States had some standing to lecture communist countries on the virtues of free markets. Today, however, our government is growing larger by the minute, while Cuba and Russia — once the most communist of communist nations ... (Source: New American 2010-10-07T14:36:16Z)

St. Joseph buys IHA physician company

The Saint Joseph Mercy Health System is acquiring IHA, a physician group with more than 150 doctors and 37 nurse practitioners in southeastern Michigan, the organizations said Tuesday. The deal is expected to be completed on or before Dec. 31 and IHA will ... (Source: Detroit News 2010-10-07T02:18:58Z)

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)

Mexico's Televisa Shares Sharply Higher On Univision Deal

MEXICO CITY (Dow Jones)--Shares of Mexican media conglomerate Grupo Televisa (TV, TLEVISA.MX) opened sharply higher Tuesday after the company unveiled plans to take a stake in U.S. Spanish-language broadcaster Univision Communications Inc. (UVN), while ... (Source: Wall Street Journal 2010-10-05T14:02:51Z)

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)

Lehman Brothers in deal that calls for Ambac Assurance to drop $6.1 billion in claims

NEW YORK (AP) — Lehman Brothers Holdings and Ambac Assurance Corp. have a deal that calls for the troubled bond insurer to drop $6.1 billion in claims against the bankrupt investment bank. A hearing date is set for Oct. 20 in U.S. Bankruptcy Court in New ... (Source: Chicago Tribune 2010-10-06T21:39:48Z)

Univision, Televisa reconciled

After years of legal disputes over content deals, Mexican TV giant Televisa and U.S. Spanish-lingo web Univision have kissed and made up. Televisa said Tuesday it had closed a $1.2 billion deal for a 5% stake in Univision. "From today onwards, Univision is ... (Source: Variety 2010-10-06T11:24:11Z)

New England Patriots: The "System" Won't Be Able to Replace Randy Moss

In-season trades involving high-profile players are pretty typical. Contending teams pick up big-time talent from teams with no shot in exchange for draft picks and/or prospects. Have you ever seen a team tied for first in the division get rid of one of ... (Source: Bleacherreport.com 2010-10-07T15:04:54Z)

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