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, 3:41 am

U.S. pushes to keep Mideast peace talks alive

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 two months ... (Source: San Francisco Gate 2010-10-08T09:55:55Z)

Red Sox owners agree to buy Liverpool football club

Sooooolllllllddddd. Owners of the Boston Red sox have reached an agreement to buy the Liverpool football club of the English Premier League. The $477 million bid by New England Sports Ventures, the holding company for the Red Sox, was accepted by Liverpool ... (Source: USA Today 2010-10-06T17:43:35Z)

Israel Signals Settlement Compromise to Save Talks

(Updates with comment from Palestinian negotiator in eighth paragraph.) Oct. 8 (Bloomberg) -- Israel signaled that a compromise may be reached in a dispute over settlement construction in the West Bank that threatens to derail U.S.-brokered peace talks ... (Source: BusinessWeek 2010-10-08T09:34:26Z)

Citigroup selling credit assets to GE

NEW YORK (AP) — Citigroup is selling $1.6 billion in retail credit card assets to GE Capital as the bank continues to shed smaller businesses to focus on its core consumer banking operations. The New York-based bank, which was one of the top recipients ... (Source: Monterey County Herald 2010-10-07T09:35:38Z)

WRAPUP 3-IMF, World Bank call for cooler heads on currencies

WASHINGTON, Oct 7 (Reuters) - World leaders must defuse currency tensions before they worsen to avoid repeating the mistakes of the Great Depression, the head of the World Bank said on Thursday. The spirit of global economic cooperation, first forged in ... (Source: Reuters 2010-10-07T23:11:40Z)

Asian Stocks Rise on U.S. Services, Bank of Japan

(Corrects name and company of speaker in fourth paragraph.) Oct. 6 (Bloomberg) -- Asian stocks rose, sending the MSCI Asia Pacific Index to the highest level in almost six months, after U.S. service companies expanded faster than forecast and on ... (Source: BusinessWeek 2010-10-06T01:37:12Z)

Asia shares mixed as bank worries offset deals

Asian stock markets were mixed Tuesday as renewed worries about the health of Europe's banks offset optimism from a flurry of corporate deal making. The region's lackluster performance followed a down session on Wall Street, where losses were led by ... (Source: AP - msnbc.com 2010-09-28T05:28:36Z)

Peruvian Mario Vargas Llosa Wins Nobel Literature Prize

Vargas Llosa, 74, has written more than 30 novels, plays and essays, including "Conversation in the Cathedral" and "The Green House." In 1995, he won the Cervantes Prize, the most distinguished literary honor in Spanish. He is the first South American ... (Source: The Ledger 2010-10-08T10:03:04Z)

Citi sells $1.6 billion in store card loans to GE

NEW YORK (Reuters) - Citigroup Inc ( C.N ) sold to GE Capital $1.6 billion in credit card loans made to retail stores' customers, the companies said on Wednesday, as it chips away at unwanted assets. Citigroup has been struggling to sell those assets ... (Source: Reuters 2010-10-06T16:46:19Z)

Lil Wayne Seeks Prayers in Final Letter From Jail

NEW YORK (Billboard) - A hopeful Lil Wayne wrote a final letter from jail and posted it on his weezythanxyou.com blog site on Thursday. "Because of my new limitations, this unfortunately has to be my last letter," Wayne wrote in his first paragraph ... (Source: ABC News 2010-10-07T21:52:56Z)

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)

BANKING: Citi selling $1.6B in consumer finance assets to GE

NEW YORK ---- Citigroup is selling $1.6 billion in retail sales finance assets to GE Capital as the bank continues to restructure its business to focus on core consumer banking operations. The assets being sold to GE consist of consumer financing ... (Source: North County Times 2010-10-07T01:28:52Z)

Mario Vargas Llosa wins 2010 Nobel Prize in literature

THE PRESTIGIOUS awards were created by Swedish industrialist Alfred Nobel, the inventor of dynamite, and first given out in 1901. The prizes, worth about $1.5 million each, always are handed out Dec. 10, the anniversary of Nobel's death in 1896. Medicine ... (Source: Seattle Times 2010-10-08T02:03:28Z)

WRAPUP 3-Japan stands firm on FX, China lets yuan rise

TOKYO, Oct 8 (Reuters) - Japan said it will continue to intervene to curb a strong yen if necessary, just hours before G7 and IMF officials meet to discuss escalating tension over currency policies, and Thailand is also poised to act. China, which has ... (Source: Reuters 2010-10-08T09:27:17Z)

Mario Vargas Llosa wins Nobel

Friday, October 8, 2010 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: San Francisco Gate 2010-10-08T09:55:55Z)

World stock markets down ahead of US jobs data; dollar stabilizes after sharp falls

LONDON - World stocks fell Friday as investors remained cautious ahead of key U.S. jobs data that could determine whether the Federal Reserve decides to introduce another batch of monetary easing measures. The FTSE 100 index of leading British shares was ... (Source: Minneapolis Star Tribune 2010-10-08T10:03:04Z)

Red Sox ownership reach agreement to buy English Premier League's Liverpool FC

The Boston Red Sox owners have tried their hand at auto racing, golf, college sports and — of course — baseball. They even kicked a little soccer around before making a deal to buy Liverpool of the English Premier League. New England Sports Ventures ... (Source: MLive.com 2010-10-06T21:54:07Z)

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)

Citi selling $1.6B consumer finance assets to GE

Citigroup is selling $1.6 billion in retail sales finance assets to GE Capital as the bank continues to restructure its business to focus on core consumer banking operations. The assets being sold to GE consist of consumer financing portfolios for select ... (Source: AP - msnbc.com 2010-10-06T18:33:41Z)

Lil Wayne's 'I Am Not A Human Being' Digital Birthday Release Worries Retailers

Lil Wayne may be celebrating his 28 th birthday today with a bang with the much anticipated release of the digital version of his new album "I Am Not A Human Being", but Wayne's celebration has traditional storefront music retailers worried. As more ... (Source: Gather.com 2010-09-28T01:39:32Z)

Liu Xiaobo, Jailed Chinese Dissident, Awarded Nobel Peace Prize

Oct. 8 (Bloomberg) -- Liu Xiaobo, a jailed Chinese dissident, was awarded the Nobel Peace Prize for his efforts to promote democracy and human rights. Liu, 54, became the first Chinese national to be awarded the peace prize, announced today by the ... (Source: BusinessWeek 2010-10-08T09:20:07Z)

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 2010-10-07T19:22:36Z)

DIARY-IMF, World Bank fall meetings in Washington

The following is a diary of key events to be held in conjunction with the International Monetary Fund/World Bank annual meetings on Oct 8-9, including events held on the sidelines of the official meetings. 1645/2045 - French Economy Minister Christine ... (Source: Reuters 2010-10-07T19:15:27Z)

World stocks mostly down ahead of US jobs report

SINGAPORE— World stock markets were mostly lower Friday as investors pared bets ahead of a key U.S. jobs report later in the day and the yen traded at a 15-year high against the dollar. The U.S., a major market for Asia's exporters, likely added a net ... (Source: Boston Globe 2010-10-08T09:41:36Z)

Lil Wayne Follows Suit and Releases Album Online

In the new world of MP3 players and digital downloads, we have all seen music stores closing their doors. Nowadays, it seems like every artist has some promotion online, rather than promoting anything in stores anymore. This is the case for Lil Wayne, who ... (Source: Associated Content 2010-09-28T16:05:41Z)

Boston Red Sox jump feet first into another new sport with deal to buy Liverpool soccer team

BOSTON - The Boston Red Sox owners have tried their hand at golf, auto racing, U.S. college sports and — of course — baseball. Now comes a deal to buy Liverpool of the English Premier League. New England Sports Ventures reached an agreement with the ... (Source: Minneapolis Star Tribune 2010-10-06T16:39:09Z)

Asian Stocks Advance After U.S. Services Expansion, Bank of Japan's Action

Asian stocks rose, sending the MSCI Asia Pacific Index to the highest level in almost six months, after U.S. service companies expanded faster than forecast and on speculation that more central banks will act to spur growth. Canon Inc., the world's ... (Source: Bloomberg 2010-10-06T00:39:57Z)

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)

Peruvian Writer Mario Vargas Llosa Wins Nobel Literature Prize

Vargas Llosa has written more than 30 novels, plays and essays, including "Conversation in the Cathedral" and "The Green House." In 1995, he was awarded the Cervantes Prize, the Spanish-speaking world's most distinguished literary honor. The ... (Source: The Ledger 2010-10-08T10:03:04Z)

Asian Stocks Rise, Reversing Drop After Bank of Japan Cuts Rate

Oct. 5 (Bloomberg) -- Asian stocks rose, reversing declines in the MSCI Asia Pacific Index after Japan cut its benchmark interest rate and Australia unexpectedly kept its rate unchanged for the fifth straight month. Mitsubishi UFJ Financial Group Inc ... (Source: BusinessWeek 2010-10-05T08:33:34Z)

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