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 8, 2010, 2:40 am

Top Tech Bosses Tell White House How to Boost Economy

WASHINGTON, Oct 6 (Reuters) - Top U.S. technology bosses met with White House officials on Wednesday to recommend how to use technology to cut U.S. deficits by $1 trillion over 10 years and offer advice on boosting the country's sluggish economy. The ... (Source: Channel Insider 2010-10-07T14:57:45Z)

Report: Microsoft eyes Adobe

NEW YORK - Shares of Adobe soared in heavy trading yesterday on a report that Microsoft CEO Steve Ballmer discussed a possible buyout of the company. A report posted in the "Bits" blog of the New York Times said that Ballmer recently met with Adobe CEO ... (Source: Philadelphia Daily News 2010-10-08T06:56:58Z)

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)

Israeli Peace Talks May Avoid Collapse on Settlement Compromise

Oct. 8 (Bloomberg) -- Israel signalled that a deal may be reached to prevent the collapse of U.S.-brokered peace talks over Israeli settlement construction in the West Bank. Incentives offered by the Obama administration to Israel may allow Prime Minister ... (Source: BusinessWeek 2010-10-08T08:30:01Z)

Euroclear and Broadridge Plan to Jointly Offer End-to-End Shareholder Voting

Broadridge Financial Solutions, Inc. and Euroclear have signed a Memorandum of Understanding (MoU) whereby both firms are looking into forming an alliance to jointly strengthen shareholders' governance rights by making it easier for investors to vote ... (Source: TMCnet 2010-10-05T09:38:00Z)

Allied Irish Plans to Raise $2 Billion in M&T Sale

(Updates with share price in fourth paragraph, analyst comment in fifth.) Oct. 7 (Bloomberg) -- Allied Irish Banks Plc, the lender being taken over by Ireland's government, said it will raise about $2 billion from the sale of its 22.4 percent stake in U ... (Source: BusinessWeek 2010-10-07T09:49:57Z)

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)

Allied Irish Prices M&T Stake Offering, Will Raise $2 Billion

Oct. 7 (Bloomberg) -- Allied Irish Banks Plc, Ireland's second-largest bank by market value, said it will raise about $2 billion in net proceeds from the sale of its stake in M&T Bank Corp. through a U.S. public offering. The Dublin-based bank priced a ... (Source: BusinessWeek 2010-10-07T01:14:33Z)

RFK-Owned Emancipation Proclamation Up for Bid

The widow of Robert F. Kennedy plans to auction a family-owned copy of the Emancipation Proclamation, the document that declared all slaves "forever free," at a Dec. 10 sale at Sotheby's in New York. It is estimated to bring up to $1.5 million. (Source: HappyNews.com 2010-10-07T22:14:24Z)

Skittish retailers mean great holiday deals

NEW YORK — The Christmas shopping season doesn't kick off for another six weeks, but retailers already are signaling they're prepared to discount aggressively to entice shoppers still skittish about spending. Gift buyers are likely to scrutinize every ... (Source: msnbc.com 2010-10-07T19:15:27Z)

Denny's Announces the Expiration of Tender Offer for its 10% Senior Notes due 2012

SPARTANBURG, S.C. - (Business Wire) Denny's Corporation (NASDAQ: DENN) today announced that the tender offer (the "Tender Offer") by Denny's Holdings, a wholly owned subsidiary of Denny's Corporation, for its 10% Senior Notes due 2012, guaranteed by ... (Source: Earthtimes 2010-10-07T19:58:24Z)

Emancipation Proclamation copy on the block

NEW YORK — A copy of the Emancipation Proclamation signed by Lincoln and bought by Robert F. Kennedy, who drew inspiration from the document as he enforced civil rights legislation in the 1960s, is going up for auction and could fetch as much as $1.5 ... (Source: NorthJersey.com 2010-10-08T06:06:51Z)

RFK's copy of Emancipation Proclamation up for sale

A copy of the Emancipation Proclamation signed by President Lincoln and bought by the late Robert F. Kennedy is being offered for sale and could bring as much as $1.5 million. The late senator and brother of President John F. Kennedy bought the copy ... (Source: Chicago Sun-Times 2010-10-07T08:59:50Z)

Palestinians, Israel edge toward compromise

JERUSALEM — In the clearest sign that a deal might be emerging to keep the troubled U.S. Mideast peace push alive, a top Palestinian official said Thursday that his side would accept an American proposal for Israel to curtail settlement construction for ... (Source: Denver Post 2010-10-08T06:56:58Z)

EU executive outlines 25 bln euro transaction tax on banks

BRUSSELS (Reuters) - A new European Union tax on bank profits and remuneration could raise as much as 25 billion euros (15.7 billion pounds) for cash-strapped governments to repair their economies, the bloc's executive body said on Thursday. The European ... (Source: Reuters UK 2010-10-07T10:04:16Z)

Denny's Announces the Expiration of Tender Offer for its 10% Senior Notes due 2012

SPARTANBURG, S.C.--( BUSINESS WIRE )--Denny's Corporation (NASDAQ: DENN) today announced that the tender offer (the "Tender Offer") by Denny's Holdings, a wholly owned subsidiary of Denny's Corporation, for its 10% Senior Notes due 2012 ... (Source: Business Wire 2010-10-07T06:00:53Z)

Sybase Launches New Version of Afaria with Industry's Most Advanced Enterprise Device ...

Sybase, Inc., an SAP company (NYSE:SAP) and industry leader in enterprise and mobile software, today announced the industry's most advanced and complete mobile device management (MDM) and security solution for iOS 4 and Android powered smartphones and ... (Source: PR Inside 2010-10-07T13:24:42Z)

Tech execs tell White House IT can curb deficit

Top U.S. technology bosses met with White House officials on Wednesday to recommend how to use technology to cut deficits by $1 trillion over 10 years and offer advice on boosting the country's sluggish economy. The Technology CEO Council said six chief ... (Source: msnbc.com 2010-10-06T19:16:38Z)

EU executive lays out 25 billion euro bank tax idea

BRUSSELS/LONDON (Reuters) - A European Union tax on bank profits and remuneration could raise as much as 25 billion euros ($34.97 billion) annually for cash-strapped governments to repair their economies, the bloc's executive said on Thursday. The European ... (Source: Reuters UK 2010-10-07T12:13:07Z)

Shoppers may have the upper hand come Christmas

NEW YORK - The Christmas shopping season doesn't kick off for another six weeks, but retailers already are signaling they're prepared to discount aggressively to entice shoppers still skittish about spending. Gift buyers are likely to scrutinize every ... (Source: Lansing State Journal 2010-10-08T07:54:14Z)

NYT: Adobe, Microsoft executives discussed sale of Adobe to Microsoft

The chief executives of software makers Adobe Systems and Microsoft discussed the possibility of Microsoft acquiring Adobe to take on Apple in the mobile-phone market, according to a report by the New York Times. Microsoft CEO Steve Ballmer and Adobe CEO ... (Source: Reuters 2010-10-07T21:45:46Z)

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)

Adobe Shares Advance on Report That Company Met With Microsoft

Adobe Systems Inc. shares surged 12 percent yesterday after a New York Times report fueled speculation that Microsoft Corp. may work more closely with the company or possibly acquire it. Microsoft Chief Executive Officer Steve Ballmer recently met with ... (Source: Bloomberg 2010-10-08T04:26:38Z)

Maintains Top-Ranking Business App in Apple's iTunes Store for the iPad, Updates iPhone App ...

Quickoffice, Inc., the global leader in mobile office productivity solutions, further established its technical leadership and strengthened its family of mobile office applications during the third quarter of 2010. The company continues to achieve record ... (Source: Product Design & Development 2010-10-06T17:14:57Z)

Denny's tender offer of $125.3M notes expires

Restaurant chain operator Denny's Corp. said Thursday its offer of about $125.3 million senior notes expired. At expiration time, nearly all of the notes were validly tendered and not withdrawn. On Sept. 30 Denny's paid $1,002.50 for each $1,000 principal ... (Source: AP - msnbc.com 2010-10-07T20:34:11Z)

Retailers ready for picky buyers at Christmas

NEW YORK — The Christmas shopping season doesn't kick off for another six weeks, but retailers are signaling they're prepared to discount aggressively to entice shoppers still skittish about spending. Gift buyers are likely to scrutinize every purchase ... (Source: Pioneer Press 2010-10-08T05:02:26Z)

UPDATE 1-AIB may cut M&T stake price after Santander walks

By Paul Hoskins and Steve Slater DUBLIN/LONDON, Oct 6 (Reuters) - Allied Irish Banks , once Ireland's biggest lender, might have to cut the sale price of its $2.2 billion stake in M&T Bank Corp after Spanish lender Santander walked away. AIB shares were ... (Source: CNBC 2010-10-06T15:06:06Z)

Sprint to offer app packs on Android phones

Sprint Nextel is planning a service to make it easier for consumers to get what they want from the thousands of applications available for phones based on Google Inc Android. Sprint said on Wednesday that starting next week it would offer its customers ... (Source: msnbc.com 2010-10-07T06:58:09Z)

Compromise is in the air in Israeli-Palestinian talks

JERUSALEM • In the clearest sign that a deal may be emerging to keep the troubled U.S. Mideast peace push alive, a top Palestinian official said Thursday that his side would accept an American proposal for Israel to curtail settlement construction for ... (Source: St. Louis Post-Dispatch 2010-10-08T05:02:26Z)

Tech execs tell White House IT can curb US deficit

WASHINGTON, Oct 6 (Reuters) - Top U.S. technology bosses met with White House officials on Wednesday to recommend how to use technology to cut U.S. deficits by $1 trillion over 10 years and offer advice on boosting the country's sluggish economy. The ... (Source: Reuters 2010-10-06T19:16:38Z)

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