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 5, 2010, 11:41 pm

Schlumberger, Eurasia Drilling swap Russian assets

MOSCOW (Reuters) - Eurasia Drilling Co( EDCLq.L ), Russia's top oil and gas driller, and global giant Schlumberger Ltd( SLB.N ) have agreed to swap assets and form a strategic alliance in Russia, the world's leading energy producer. Their deal follows ... (Source: Reuters India 2010-10-05T17:51:55Z)

UPDATE 2-Schlumberger, Eurasia Drilling swap Russian assets

MOSCOW, Oct 5 (Reuters) - Eurasia Drilling Co ( EDCLq.L ), Russia's top oil and gas driller, and global giant Schlumberger Ltd ( SLB.N ) have agreed to swap assets and form a strategic alliance in Russia, the world's leading energy producer. Their deal ... (Source: Reuters UK 2010-10-05T17:51:55Z)

Thousands of Romanian teachers protest wage cuts

BUCHAREST, Romania - About 5,000 Romanian teachers and education employees protested Tuesday in the capital over austerity measures implemented by the government to trim the budget deficit amid a deep recession. They demanded decent salaries, more ... (Source: AZCentral.com 2010-10-05T17:44:46Z)

Sawiris confident about Weather-VimpelCom merger

CAIRO (AP) -- Egyptian telecom mogul Naguib Sawiris says there is a 90 percent chance that the merger of his investment company and Russia's VimpelCom Ltd. will be finalized. Sawiris also told reporters Tuesday, a day after the $6.6 billion deal between ... (Source: Yahoo Finance 2010-10-05T14:17:10Z)

Twitter COO is New CEO at Tweet Central - Dick Costolo Takes Helm

There has been a Twitter Coo, and it means a new CEO is heading the brief message company. Co-founder, Evan Williams, stepped down on Monday after serving as CEO for 2 years. His replacement is Dick Costolo. Williams is the second Twitter co-founder to ser ... (Source: Gather.com 2010-10-05T19:39:18Z)

American Express Accused Of Antitrust Violations

The Justice Department is suing American Express claiming the rules AmEx imposes on retailers are anti-competitive. Visa and MasterCard decided to settle the charges. American Express said it had no intention of settling because it doesn't have the ability ... (Source: NPR News 2010-10-05T19:46:27Z)

Mariners shut down Felix Hernandez

SEATTLE - Felix Hernandez is done pitching for the season. Mariners general manager Jack Zduriencik says Hernandez will not start on Sunday in the finale against Oakland. "It's tough, because you know how competitive he is," Zduriencik said. "He wants to ... (Source: Tampa Bay Online 2010-10-02T03:57:58Z)

Gymboree Hires Goldman Sachs As It Explores Sale : Reports

(RTTNews) - According to media reports Tuesday, San Francisco-based children's clothing retailer Gymboree Corp. (GYMB: News ) has hired investment banking and securities firm Goldman Sachs Group, Inc. (GS) to begin a formal auction of the company, which is ... (Source: RTT News 2010-10-05T14:24:20Z)

U.S. sues American Express, reaches proposed deal with Visa, Mastercard

WASHINGTON -- The Justice Department on Monday sued the three largest U.S. credit card companies for anticompetitive practices and reached a proposed settlement with two of them, MasterCard and Visa. "We want to put more money in consumers' pockets, and by ... (Source: San Jose Mercury News 2010-10-04T18:43:13Z)

Mariners shut down King Felix for final weekend

SEATTLE -- Felix Hernandez is done pitching for the season. Seattle Mariners general manager Jack Zduriencik says Hernandez will not start on Sunday in the regular-season finale against Oakland. Zduriencik met with Hernandez on Thursday to inform him of ... (Source: CBS Sports 2010-10-01T00:17:14Z)

Egypt exchange halts trading in Orascom Telecom on reports about possible deal with VimpelCom

CAIRO (AP) — Trading in mobile phone service provider Orascom Telecom's shares was halted on the Egyptian stock exchange Monday as the bourse sought clarification about reports of a possible deal with Russia's VimpelCom Ltd. Media reports indicated that ... (Source: Los Angeles Times 2010-10-04T13:56:53Z)

Twitter's Dick Costolo Replaces Evan Williams as CEO

Twitter CEO Evan Williams is stepping down from the top job at the microblogging service and will direct product strategy. Current Chief Operating Officer Dick Costolo (pictured) will assume William's CEO duties. Williams made the announcement Monday in a ... (Source: Daily Finance 2010-10-04T20:09:07Z)

S&P places Univision ratings on CreditWatch positive after $1.2B Grupo Televisa investment

NEW YORK — Standard & Poor's Ratings Services on Monday placed its ratings for Univision Communications Inc. on CreditWatch with positive implications, citing a $1.2 billion deal that gives Mexican media giant Grupo Televisa SAB a minority stake in the ... (Source: Washington Examiner 2010-10-05T23:57:00Z)

Shift at the Top of Twitter as a Founder Steps Aside

Evan Williams, the co-founder and chief executive of Twitter, is stepping down to lead product strategy at the company, Twitter announced on Monday. Dick Costolo, the chief operating officer, will succeed Mr. Williams. The company, which announced the ... (Source: Pittsburgh Post-Gazette 2010-10-06T04:21:51Z)

VimpelCom Signs $6.5 Billion Deal With Egypt's Sawiris

MOSCOW (Dow Jones)--Russian mobile operator VimpelCom Ltd. (VIP) agreed to combine with the highly indebted telecom assets of Egyptian billionaire Naguib Sawiris in a $6.5 billion stock-and-cash deal, transforming two regional emerging-markets companies ... (Source: Wall Street Journal 2010-10-05T03:47:15Z)

Gymboree Hires Goldman Sachs to Auction Itself Off

After seeing interest from potential buyers, children's clothing retailer Gymboree has hired Goldman Sachs ( GS ) to auction itself off, and more private-equity firms have already stepped in to say they want to play, according to a New York Post article ... (Source: Daily Finance 2010-10-05T17:30:27Z)

Justice Department sues Visa, Mastercard

The U.S Attorney General is accusing them of holding consumers hostage. That is why the Justice Department sued Visa, Mastercard and American Express. It says the companies are eliminating competition by not allowing merchants to offer discounts on other ... (Source: msnbc.com 2010-10-05T02:14:11Z)

Romania needs to borrow $7.9 billion in 2011

Romania needs to borrow almost €6 billions ($7.9 billion) next year to cover its budget deficit and plans to sign a new deal with the International Monetary Fund in 2011 to shore up the ailing economy, President Traian Basescu said. On Wednesday, at ... (Source: AP - msnbc.com 2010-09-22T16:12:48Z)

Romania needs to borrow $7.9 billion in 2011, will sign new IMF deal in 2011

BUCHAREST , Romania (AP) — Romania needs to borrow almost euro6 billions ($7.9 billion) next year to cover its budget deficit and plans to sign a new deal with the International Monetary Fund in 2011 to shore up the ailing economy, the president said. On ... (Source: Los Angeles Times 2010-09-22T10:43:31Z)

Oil hovers below $83 in Asia after report shows US crude supply jump

SINGAPORE (AP) — Oil prices hovered below $83 a barrel Wednesday in Asia after a report showed U.S. crude supplies unexpectedly jumped last week, suggesting demand may be weaker than anticipated. Benchmark oil for November delivery was down 14 cents to $ ... (Source: Los Angeles Times 2010-10-06T04:50:29Z)

Oil hovers below $83 after US crude supply jump

Oil prices hovered below $83 a barrel Wednesday in Asia after a report showed U.S. crude supplies unexpectedly jumped last week, suggesting demand may be weaker than anticipated. Benchmark oil for November delivery was down 14 cents to $82.68 a barrel at ... (Source: AP - msnbc.com 2010-10-06T04:50:29Z)

Oil slips below $81 a barrel after jump higher as European stock markets slide

KUALA LUMPUR, MALAYSIA — Oil prices slipped below $81 a barrel Monday as weak European stock markets dampened sentiment. Benchmark oil for November delivery was down 62 cents to $80.96 a barrel at late afternoon Kuala Lumpur time in electronic trading on ... (Source: Washington Examiner 2010-10-04T09:10:33Z)

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)

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)

Schlumberger, Eurasia Drilling Swap Assets

Eurasia Drilling and global giant Schlumberger on Tuesday said they agreed to swap assets and form a strategic alliance in Russia, the world's top energy producer. The two firms signed a letter of intent under which Schlumberger will purchase Eurasia's ... (Source: Moscow Times 2010-10-05T17:23:17Z)

Mariners shut down Cy Young candidate Felix Hernandez

SEATTLE (AP) — Felix Hernandez   (FSY) is done pitching for the season. Seattle Mariners general manager Jack Zduriencik says Hernandez will not start on Sunday in the regular-season finale against Oakland. "It's tough because you know how competitive ... (Source: USA Today 2010-10-01T02:54:43Z)

W. Pa. mom pleads in pregnancy plot case

UNIONTOWN, Pa. A western Pennsylvania woman accused of conspiring with her boyfriend to drug her 13-year-old daughter so he could try to impregnate her has reached a plea deal. The woman, 34, was slated for trial Monday. But she pleaded guilty to criminal ... (Source: Vindy.com 2010-10-06T04:43:19Z)

Police: Woman Tried To Get Daughter, 13, Pregnant

UNIONTOWN, Pa. -- A western Pennsylvania woman accused of conspiring with her boyfriend to drug her 13-year-old daughter so he could try to impregnate her has reached a plea deal with prosecutors. The 34-year-old woman was slated for trial Monday in ... (Source: Pittsburgh Channel 2010-10-06T03:46:03Z)

Mom pleads guilty in plot to impregnate 13-year-old daughter

UNIONTOWN, Pa. (AP) -- A western Pennsylvania woman accused of conspiring with her boyfriend to drug her 13-year-old daughter so he could try to impregnate her has pleaded guilty in a deal with prosecutors. The 34-year-old Uniontown woman was slated for ... (Source: KXTV News10Net 2010-10-06T05:33:26Z)

Gymboree shares rise on report of potential sale

Shares of Gymboree Corp. surged in afternoon trading on Tuesday after a report indicated the children's clothing company could go for more than $1 billion in an auction. Gymboree's stock rose $2.96, or 6.1 percent, to $51.20. The shares have traded between ... (Source: AP - msnbc.com 2010-10-05T16:33:11Z)

Deals of the Hour / October 5, 2010, 10:41 pm

Sky Harbor shut down as powerful storm hits

High winds, heavy rain and golf ball-sized hail swept through the Phoenix area Tuesday, downing power lines, severely damaging homes and temporarily shutting down Phoenix Sky Harbor International Airport. Also Tuesday, an early winter storm that chased ... (Source: AP - msnbc.com 2010-10-06T00:47:06Z)

Sanofi Makes Hostile $18.5 Billion Bid for Genzyme

PARIS (Reuters) - French pharmaceutical giant Sanofi-Aventis launched a hostile bid for Genzyme at $69 per share, or $18.5 billion, setting off what could be a protracted battle for control of the U.S. biotech. The move comes a month after Genzyme rebuffed ... (Source: ABC News 2010-10-04T05:50:07Z)

With China taking the lead, Europe and Asia will address global economic crisis during summit

BRUSSELS (AP) — European and Asian leaders will seek common ground on ways to fix and regulate the global financial market but will likely be bogged down by such issues as market restrictions and trade surpluses during three days of summits. "The ... (Source: Los Angeles Times 2010-10-03T23:09:15Z)

What's next for GTSI?

The Small Business Administration put its foot down last week by suspending GTSI Corp. from federal contracting, and experts say it will be hard to get SBA to back down, especially in this political environment. "This is going to be an uphill battle [for ... (Source: Washington Technology 2010-10-05T22:16:47Z)

Braves vs. Giants: Why the Braves will win -- or lose

The Braves will win: With almost four days between the end of the regular season and the beginning of the NLDS, the rotation will have a chance to recharge, and the top three of Derek Lowe, Tim Hudson and Tommy Hanson can shut down any team. Lowe, the Game ... (Source: USA Today 2010-10-05T15:21:36Z)

Ryder Cup can make, break career

N EWPORT, Wales - This was the sort of Ryder Cup that can define a career. There's Graeme McDowell, coming off his first major championship just four months earlier in the U.S. Open, feeling the sort of gut-wrenching pressure he's never known before ... (Source: Boston Herald 2010-10-06T04:29:00Z)

Aggressive care urged for sepsis

WASHINGTON (AP) — It's one of the most intractable killers you've probably never heard of: Sepsis , an out-of-control reaction to infection that can start shutting down organs in mere hours. A new push is beginning for hospitals to be more aggressive in ... (Source: Baltimore Sun 2010-10-05T15:14:26Z)

EU-Asia summit to address economy

BRUSSELS -- European and Asian leaders will seek common ground on ways to fix and regulate the global financial market but will likely be bogged down by such issues as market restrictions and trade surpluses during three days of summits. Monday kicks off ... (Source: Forbes 2010-10-04T05:14:20Z)

Quicker treatment urged if sepsis suspected

Washington — It's one of the most intractable killers you've probably never heard of: Sepsis, an out-of-control reaction to infection that can start shutting down organs in mere hours. A new push is beginning for hospitals to be more aggressive in ... (Source: LJWORLD 2010-10-05T19:32:08Z)

Braves win again, go into Wednesday night with 2-game lead in NL wild-card race

Atlanta Braves manager Bobby Cox, taking a gamble by using starters Tim Hudson and Derek Lowe on short rest, came up huge. The Braves won again Wednesday, 5-1, over Florida, opening a two-game lead in the National League wild-card race over the San Diego ... (Source: USA Today 2010-09-30T09:22:27Z)

Shift at the Top of Twitter as a Founder Steps Aside

Evan Williams, the co-founder and chief executive of Twitter, is stepping down to lead product strategy at the company, Twitter announced on Monday. Dick Costolo, the chief operating officer, will succeed Mr. Williams. The company, which announced the ... (Source: Pittsburgh Post-Gazette 2010-10-06T04:21:51Z)

EU-Asia summit stresses cooperation, but cracks remain (Roundup)

Brussels - European Union and Asian leaders on Tuesday stressed their cooperation on economic and security issues, but failed to bridge the gaps on key questions, at the end of a two-day summit in Brussels. The Asia Europe Meeting (ASEM), a biennial summit ... (Source: Monsters and Critics 2010-10-05T17:51:55Z)

Eyak withdraws offer to buy GTSI

Alaska's Eyak Technology LLC said Monday it has withdrawn is offer to buy GTSI Corp., sending GTSI's shares skidding 41 percent on pre-market trading. Eyak said it is withdrawing its offer of $7.50 per share in cash, after the U.S. Small Business ... (Source: AP - msnbc.com 2010-10-04T13:21:05Z)

Atlanta Braves are armed and ready for National League Division Series against San Francisco ...

ATLANTA — Derek Lowe wasn't ready to look past his Game 1 start for the Braves against the Giants in the National League division series on Tuesday. At least not in public. Manager Bobby Cox said Lowe, Tommy Hanson and Tim Hudson are the Braves ... (Source: Ledger-Enquirer 2010-10-06T05:19:07Z)

Phoenix airport shut down as powerful storm hits

HOENIX - High winds, heavy rain and golf ball-sized hail swept through the Phoenix area Tuesday, downing power lines, severely damaging homes and temporarily shutting down Phoenix Sky Harbor International Airport. Also Tuesday, an early winter storm that ... (Source: Lafayette Journal and Courier 2010-10-06T01:01:25Z)

Stocks Close Down Monday

NEW YORK (October 4, 2010)--Analysts said the market was due for a pullback after a 10.4 percent gain in the Dow last month and investors appeared to be on the sidelines Monday, holding back ahead of a busy week of earnings and economic news. According to ... (Source: KWTX 2010-10-04T20:52:04Z)

Pentagon: More Than 100 Insurgents Killed Along Afghanistan-Pakistan

WASHINGTON -- U.S. and NATO forces have killed more than 100 fighters from a Pakistan-based faction of the Taliban during two weeks of stepped-up military operations along the Afghanistan-Pakistan border, the Pentagon said Tuesday. The intensified border ... (Source: FOX News 2010-10-06T04:43:19Z)

Sanofi Bid for Genzyme Turns Hostile

PARIS — Sanofi-Aventis , the French drugmaker, turned its $18.5 billion takeover bid for the U.S. biotechnology company Genzyme hostile on Monday but stuck to the same terms. The offer of $69 per share is a premium of 31 percent over Genzyme's one ... (Source: New York Times 2010-10-04T11:48:02Z)

Twitter's Dick Costolo Replaces Evan Williams as CEO

Twitter CEO Evan Williams is stepping down from the top job at the microblogging service and will direct product strategy. Current Chief Operating Officer Dick Costolo (pictured) will assume William's CEO duties. Williams made the announcement Monday in a ... (Source: Daily Finance 2010-10-04T20:09:07Z)

Sanofi Launches Genzyme Bid

PARIS—French pharmaceutical giant Sanofi-Aventis SA on Monday launched its $18.5 billion tender offer for Genzyme Corp. without waiting for approval from the U.S. biotechnology company's board, citing what it called the target company's "unwillingness to ... (Source: Wall Street Journal 2010-10-04T08:56:14Z)

Q+A - NATO's supply network in Pakistan hit by attacks

ISLAMABAD (Reuters) - Gunmen in Pakistan attacked and set fire to 20 trucks transporting supplies to NATO troops in Afghanistan on Wednesday, police said, the latest in a series of attacks on the logistical backbone of the war in Afghanistan. The attacks ... (Source: Reuters UK 2010-10-06T05:11:57Z)

Stocks fall at the beginning of a busy week

Stocks are closing lower as investors take a pause from a historic rally in September. Analysts say the market was due for a pullback following a 10.4 percent gain in the Dow last month. The monthlong rally has come on low volume, a sign that many ... (Source: Forbes 2010-10-04T20:16:16Z)

HEALTHBEAT: More aggressive care for sepsis urged as scientists find new clue to what fuels it

WASHINGTON (AP) — It's one of the most intractable killers you've probably never heard of: Sepsis , an out-of-control reaction to infection that can start shutting down organs in mere hours. A new push is beginning for hospitals to be more aggressive in ... (Source: Los Angeles Times 2010-10-05T14:52:58Z)

Stocks fall at the beginning of busy week

NEW YORK -- Stocks are closing lower as investors take a pause from a historic rally in September. Analysts say the market was due for a pullback following a 10.4 percent gain in the Dow last month. The monthlong rally has come on low volume, a sign that ... (Source: KABC 2010-10-04T21:20:42Z)

EyakTek withdraws GTSI takeover offer, GTSI sinks

(Reuters) - Eyak Technology LLC said it withdrew its offer to buy software maker GTSI Corp ( GTSI.O ) as a U.S. regulator suspended GTSI from any future federal contracts, sending GTSI shares tumbling 42 percent to a new year-low. Eyak Technology, or ... (Source: Reuters 2010-10-04T18:07:25Z)

Aborted takeoff at Phoenix airport causes delays

PHOENIX — Phoenix Sky Harbor International Airport has reopened a runway it had shut down because an engine on an airliner taking off failed. Airport spokeswoman Deborah Ostreicher (OH'-stry-kur) says some flights will still be delayed until about 11 a.m ... (Source: Houston Chronicle 2010-09-24T17:43:29Z)

Clutch Graeme McDowell takes Cup from U.S.

N EWPORT, Wales - The pressure was more than Graeme McDowell wanted. The heartbreak was more than Hunter Mahan could handle. The longest Ryder Cup in history came down to the very last match yesterday at Celtic Manor, exposing the rawest emotions found in ... (Source: Boston Herald 2010-10-05T10:42:25Z)

Police say NATO supplies torched again in Pakistan

Gunmen in southwestern Pakistan torched eight NATO oil tankers and shot dead a driver Wednesday, police said, in the latest strike against supply convoys heading for Afghanistan since Pakistan shut a key border crossing to international forces last week ... (Source: AP - msnbc.com 2010-10-06T04:43:19Z)

Twitter COO is New CEO at Tweet Central - Dick Costolo Takes Helm

There has been a Twitter Coo, and it means a new CEO is heading the brief message company. Co-founder, Evan Williams, stepped down on Monday after serving as CEO for 2 years. His replacement is Dick Costolo. Williams is the second Twitter co-founder to ser ... (Source: Gather.com 2010-10-05T19:39:18Z)

Europe holds on to win Ryder Cup

NEWPORT, Wales -- The pressure was more than Graeme McDowell wanted. The heartbreak was more than Hunter Mahan could handle. The longest Ryder Cup in history came down to the very last match Monday at Celtic Manor, exposing the rawest emotions found in ... (Source: FOXSports.com 2010-10-06T02:34:28Z)

Deals of the Hour / October 5, 2010, 9:45 pm

11 charged in casino scandal in Alabama

MONTGOMERY, ALA. - After the governor began raiding the state's electronic bingo halls, casino owners sent lobbyists to the Capitol with orders to make their Vegas-style parlors legal. Part of the plan, federal authorities said Monday, was to offer ... (Source: Minneapolis Star Tribune 2010-10-05T04:15:53Z)

NBA-X: Boykins leads Bucks to victory over Bulls

Milwaukee, WI (Sports Network) - The diminutive Earl Boykins scored a team-high 14 points, as the Milwaukee Bucks held off the Chicago Bulls, 92-83, in the preseason opener for both teams. Keyon Dooling and Drew Gooden each went for 12 points for the Bucks ... (Source: TSN 2010-10-06T03:10:16Z)

Sanofi-Aventis launches Genzyme takeover battle

France's Sanofi-Aventis on Monday launched an $18.5 billion hostile takeover attempt for Genzyme Corp., escalating the battle after the U.S. biotech company's management twice rejected its offer. At $69 per share, it's the same as the friendly bid Paris ... (Source: AP - msnbc.com 2010-10-04T19:04:41Z)

Republicans Offer Their Agenda for Midterm Elections

STERLING, Va. — House Republicans offered their "Pledge to America," a combination campaign platform and legislative agenda, on Thursday morning, saying that jobs will return if spending slows and taxes come down. Representative John Boehner of Ohio ... (Source: New York Times 2010-09-23T15:21:31Z)

Sexual habits of Americans undergo changes driven by culture, study says

WASHINGTON — The first comprehensive snapshot of Americans' sexual activity in almost two decades suggests a social landscape changed by HIV/AIDS and by an increasingly open national conversation about sexual acts other than plain-old intercourse. "The ... (Source: Austin American-Statesman 2010-10-05T04:15:53Z)

Genzyme Board Urges Shareholders To Take No Action On Sanofi-Aventis' Unsolicited Tender ...

Genzyme Corp. (NASDAQ: GENZ) said today that its board of directors urged shareholders to take no action on an unsolicited tender offer from Sanofi-Aventis to acquire all outstanding common shares of Genzyme for $69 per share. Genzyme's board will review ... (Source: Street.Com 2010-10-04T14:54:09Z)

Sanofi-Aventis Takes $69 a Share Genzyme Offer to Shareholders

Sanofi-Aventis SA took its $69 a share cash offer directly to Genzyme Corp. shareholders, citing the U.S. biotechnology company's "unwillingness to engage in constructive discussions" in a statement on its website today. (Source: Bloomberg 2010-10-04T05:42:58Z)

Mitchell: Bingo indictment timing is suspect

This week's indictment of 11 high-profile defendants, including four state senators, stemming from a federal probe of gambling legislation leaves state Sen. Wendell Mitchell questioning the timing of the actions. "It strikes me as political," said ... (Source: Troy Messenger 2010-10-06T04:00:22Z)

European Stocks Advance; Greek Banks, TUI Travel Shares Climb

Oct. 5 (Bloomberg) -- European stocks rose, snapping six days of losses for the Stoxx Europe 600 Index, as Moody's Investor Service said it's impressed with Greece's efforts to reform its finances. U.S. futures and Asian shares gained. EFG Eurobank E ... (Source: BusinessWeek 2010-10-05T12:15:29Z)

From ecstasy to despair: Hunter Mahan learns there's another side to the Ryder Cup

NEWPORT, Wales - Hunter Mahan kept searching for the words. All he could muster were tears. From the ecstasy of Valhalla to the despondency of Celtic Manor, Mahan was the unmistakable face of an American team that came so close pulling off an improbable ... (Source: Minneapolis Star Tribune 2010-10-05T04:58:50Z)

CBS Corporation Announces Cash Tender Offer

NEW YORK, Oct 04, 2010 /PRNewswire via COMTEX/ -- CBS Corporation (NYSE: CBS.A and CBS) announced today that it has commenced a cash tender offer for up to $250 million combined aggregate principal amount of specified series of its outstanding debt. The ... (Source: TMCnet 2010-10-04T14:11:12Z)

Recap: Milwaukee vs. Chicago

The diminutive Earl Boykins scored a team- high 14 points, as the Milwaukee Bucks held off the Chicago Bulls, 92-83, in the preseason opener for both teams. Keyon Dooling and Drew Gooden each went for 12 points for the Bucks, who are trying to build off a ... (Source: Kansas City Star 2010-10-06T03:17:25Z)

Pepco Holdings, Inc. Announces Debt Tender Offer

WASHINGTON--( BUSINESS WIRE )--Pepco Holdings, Inc. (NYSE:POM) (the "Company") announced today that it has commenced a cash tender offer to purchase any and all of its 6.125% senior notes due 2017, of which a principal amount of $121,094,000 is outstan ... (Source: Business Wire 2010-10-05T02:07:02Z)

Jay-Z and Nicki Minaj Win Big at BET Hip-Hop Awards

The 2010 BET Hip-Hop Awards took place at the Atlanta Civic Center in Atlanta, Georgia this past Saturday evening. The show, which is hosted by actor/comedian Mike Epps, will be aired on BET October 12 at 8 p.m. Of all the winners, Nicki Minaj and Jay-Z ... (Source: The Celebrity Cafe.com 2010-10-05T04:44:31Z)

John Boehner's useful thoughts on fixing Congress

The Democrats were lying in wait for John Boehner when the Republican leader of the House announced that he would address the subject of congressional reform in a speech Thursday at the American Enterprise Institute . Before Boehner opened his mouth ... (Source: Washington Post 2010-10-02T04:05:07Z)

Sanofi-aventis Commences Tender Offer to Acquire All Outstanding Shares of Genzyme for $69 ...

PARIS , Oct. 4 /PRNewswire-FirstCall/ -- Sanofi-aventis [(EURONEXT: SAN - News ) and (NYSE: SNY - News )] announced today it has commenced a tender offer for all outstanding shares of common stock of Genzyme Corporation (Nasdaq: GENZ - News ) for $69 per ... (Source: Yahoo Finance 2010-10-04T07:01:42Z)

UPDATE 3-Harbinger sells half of Inmarsat stake

NEW YORK/LONDON Oct 5 (Reuters) - U.S. hedge fund firm Harbinger Capital Partners said on Tuesday that it had halved its stake in British satellite operator Inmarsat ( ISA.L ) at a time the $9 billion fund firm is making a large wireless bet. New York ... (Source: Reuters 2010-10-05T16:47:30Z)

Sanofi-Aventis goes hostile with $69/share offer for US biotech company Genzyme

PARIS - France's Sanofi-Aventis on Monday launched an $18.5 billion hostile takeover attempt for Genzyme Corp., escalating the battle after management of the U.S. biotech company twice rejected its offer. At $69 per share, the offer for Genzyme, based in ... (Source: Minneapolis Star Tribune 2010-10-04T15:58:34Z)

Americans are branching out sexually, survey finds

Sexually speaking, Americans are mixing it up a good deal more than they have in the past. The first comprehensive snapshot of Americans' sexual activity in almost two decades suggests a social landscape changed by HIV and AIDS and by an increasingly open ... (Source: Los Angeles Times 2010-10-05T14:52:58Z)

Nicki Minaj, Jay-Z Big Winners at BET Awards

NEW YORK (Billboard) - Nicki Minaj and Jay-Z were the big winners at the 2010 BET Hip-Hop Awards this past Saturday at the Atlanta Civic Center in Atlanta, Georgia. Minaj won three awards: Rookie of the Year, People's Champ and the Made You Look award. The ... (Source: ABC News 2010-10-04T20:37:45Z)

Congressional Republicans Start 20-State Ad Blitz

Over the weekend, the National Republican Congressional Committee began releasing 27 spots in 20 states, many of which aim to portray Democrats as part of the Washington establishment and link them to House Speaker Nancy Pelosi of California. The N.R.C.C ... (Source: New York Times Blogs 2010-10-04T20:16:16Z)

I've never been so nervous - McDowell;Irishman keeps his cool to clinch Ryder Cup for Europe

EUROPE'S Ryder Cup hero Graeme McDowell last night revealed how he had to battle with the worst nerves of his golfing career before clinching a classic win at Celtic Manor. The US Open champion's 3&1success against Hunter Mahan ended a fearless United ... (Source: FOXSports.com 2010-10-06T02:27:19Z)

UPDATE 2-Harbinger to sell Inmarsat stake, rules out offer

(Adds detail from Harbinger statement, updates shares) LONDON, Oct 4 (Reuters) - U.S. hedge fund Harbinger Capital Partners said on Monday it will sell almost half its 28 percent stake in Inmarsat ( ISA.L ) and ruled out making an offer for the British ... (Source: Reuters UK 2010-10-04T17:17:19Z)

Sanofi-Aventis in $18.5 billion hostile takeover offer for Genzyme

France's Sanofi-Aventis on Monday launched an $18.5 billion hostile takeover offer for Genzyme Corp., stepping up its effort to capture the U.S. biotech company's promising drugs for high cholesterol and lucrative treatments for rare genetic disorders. At ... (Source: New York Daily News 2010-10-05T11:18:13Z)

Rick Ross, MC Hammer Open 2010 BET Hip-Hop Awards

The 2010 BET Hip-Hop Awards kicked off on quite the high note on Saturday, October 2 in Atlanta as Rick Ross , DJ Khaled , and Diddy opened with 'B.M.F.,' one of the year's biggest hits. To the surprise of those in the audience Rick Ross' set then segued ... (Source: The BoomBox 2010-10-04T03:12:38Z)

Americans' 'sexual repertoire' has expanded, study finds

WASHINGTON - Sexually speaking, Americans are mixing it up a good deal more than they have in the past. The first comprehensive snapshot of Americans' sexual activity in almost two decades suggests a social landscape changed by the HIV/AIDS virus and by an ... (Source: Arizona Daily Wildcat 2010-10-06T03:17:25Z)

Bucks beat Bulls in preseason opener

MILWAUKEE — Earl Boykins scored 12 of his 14 points in the fourth quarter to help the Milwaukee Bucks to a 92-83 victory over the Chicago Bulls in their preseason opener Tuesday night. "It was a typical first exhibition game," Bucks coach Scott Skiles ... (Source: Huffingtonpost.com 2010-10-06T03:53:13Z)

Ryder Cup can make, break career

N EWPORT, Wales - This was the sort of Ryder Cup that can define a career. There's Graeme McDowell, coming off his first major championship just four months earlier in the U.S. Open, feeling the sort of gut-wrenching pressure he's never known before ... (Source: Boston Herald 2010-10-06T04:29:00Z)

11 arrested, linked to vote-buying plot in Alabama

MONTGOMERY, Ala. – After the governor began raiding the state's electronic bingo halls, casino owners sent lobbyists to the Capitol with orders to make their Vegas-style parlors legal. Part of the plan, federal authorities said Monday, was to offer ... (Source: Dallas Morning News 2010-10-05T14:52:58Z)

Titan Announces Expiration and Final Results of Tender Offer

QUINCY, Ill.--( BUSINESS WIRE )--Titan International, Inc. (NYSE: TWI) today announced that the tender offer for its 8% Senior Unsecured Notes due 2012 (the "Senior Notes") expired at 5:00 p.m., New York City time, on October 1, 2010 (the "Expiration ... (Source: Business Wire 2010-10-04T02:01:03Z)

Deals of the Hour / October 5, 2010, 8:42 pm

Virgin Mobile USA enters the Android™ smartphone market

[Virgin Mobile announces availability of the Samsung Intercept running Android as part of its no-contract lineup. It features a 3.2" touch-screen display, full slide-out QWERTY keyboard and a 3.2 MP camera and video.] The line between prepaid and postpaid ... (Source: MobileTechNews 2010-10-05T13:19:54Z)

T-Mobile USA to offer new Microsoft phones

SEATTLE (Reuters) - T-Mobile USA, a unit of Deutsche Telekom ( DTEGn.DE ), said it will support Windows Phone 7 software and plans to reveal details of phones based on the Microsoft Corp ( MSFT.O ) software at an event on Oct 11. AT&T Inc ( T.N ), the No ... (Source: Reuters 2010-10-04T21:56:29Z)

RMBS buybacks expected to increase due to robo-signing: DBRS

Researchers at DBRS , a global rating agency, said Monday the recent robo-signing debacle will likely lead to a large number of residential mortgage-backed securities repurchases as well as higher monetary losses and continual ratings downgrades if it is ... (Source: Housing Wire 2010-10-04T22:25:07Z)

1 pleads guilty to conspiracy in Ala. bingo probe

MONTGOMERY, Ala. (AP) — Federal officials have indicted the owner of Alabama's largest casino, four state senators and several top lobbyists in a scheme to buy and sell votes to get electronic bingo legalized. One defendant also has pleaded guilty to ... (Source: Times Union 2010-10-04T16:55:50Z)

11 arrested, linked to vote-buying plot in Alabama

MONTGOMERY, Ala. – After the governor began raiding the state's electronic bingo halls, casino owners sent lobbyists to the Capitol with orders to make their Vegas-style parlors legal. Part of the plan, federal authorities said Monday, was to offer ... (Source: Dallas Morning News 2010-10-05T14:52:58Z)

Sunrise Senior Living Enters into Purchase and Sale Agreement with Ventas for $41.5 Million

MCLEAN, Va. , Oct. 4 -- Sunrise Senior Living, Inc. (NYSE: SRZ) announced today that the Company and certain of its affiliates have entered into purchase and sale agreements with Ventas, Inc. and certain of its affiliates to sell to Ventas all of Sunrise's ... (Source: Earthtimes 2010-10-04T10:57:56Z)

mPhase Technologies to Present at DoD Energy Workshop at Oak Ridge National Labs

mPhase Technologies, Inc. (OTCBB: XDSL) today announced that it has been invited to present at the symposium on "Scalable Energy Storage Beyond Li-Ion: Materials," to be held Oct. 7-8, 2010, at Oak Ridge National Laboratory (ORNL), Oak Ridge, Tennessee. At ... (Source: msnbc.com 2010-10-05T13:05:35Z)

Android-Based Samsung Intercept Available For Purchase At Virgin Mobile For $249

Beginning today you will have the possibility to buy the Samsung Intercept, available at Target stores nationwide. The device will be available for purchase at virginmobileusa.com by October for $249.99, and it will be launched to other major retailers ... (Source: Soft Sailor 2010-10-05T12:08:19Z)

New York Mortgage Trust Declares Third Quarter 2010 Common Stock Dividend of $0.18 Per Share

NEW YORK, Oct. 4, 2010 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (Nasdaq:NYMT) ("NYMT" or the "Company") announced today that its Board of Directors declared on October 4, 2010 a cash dividend of $0.18 per share on shares of its common stock for ... (Source: msnbc.com 2010-10-04T20:44:54Z)

Ariz. governor opposes Mexico's participation in appeal

PHOENIX (AP) - Arizona Governor Jan Brewer is opposing a court ruling that lets other countries file a friend-of-the-court brief in her appeal of a decision that put parts of the state's new immigration law on hold. Mexico and 10 other Latin American ... (Source: KOB.com 2010-10-06T03:17:25Z)

State senators indicted in Ala. bingo plot

MONTGOMERY, Ala. — The owner of Alabama's largest casino, four state senators, and several lobbyists face federal charges of conspiring to buy and sell votes for millions of dollars to get electronic bingo legalized, according to an indictment released ... (Source: Boston Globe 2010-10-05T13:19:54Z)

Sources: Randy Moss on trade block

FoxSports.com first reported the trade talks and cited Patriots sources who said the deal was contingent upon Moss agreeing to a contract extension with the Vikings. Sources told Schefter that the Vikings and Moss have yet to talk about a contract ... (Source: ESPN.com 2010-10-06T02:20:09Z)

Ariz. governor opposes ruling that lets Mexico offer viewpoints in immigration appeal

PHOENIX - Arizona Gov. Jan Brewer is opposing a court ruling that lets other countries file a friend-of-the-court brief in her appeal of a decision that put parts of the state's new immigration law on hold. Mexico and 10 other Latin American countries were ... (Source: Minneapolis Star Tribune 2010-10-06T00:25:38Z)

11 charged in casino scandal in Alabama

MONTGOMERY, ALA. - After the governor began raiding the state's electronic bingo halls, casino owners sent lobbyists to the Capitol with orders to make their Vegas-style parlors legal. Part of the plan, federal authorities said Monday, was to offer ... (Source: Minneapolis Star Tribune 2010-10-05T04:15:53Z)

Desperate Vikings go 'all in' in pursuit of Randy Moss

The Minnesota Vikings cannot play it safe. They are close to acquiring seven-time Pro Bowl wide receiver Randy Moss in a blockbuster deal with the New England Patriots, according to multiple reports. The trade is contingent on Moss agreeing to a contract ... (Source: Sporting News 2010-10-06T02:55:57Z)

Supercomputer simulations offer insights into the origin of life

Scientists are using supercomputer simulations at the Department of Energy's Oak Ridge National Laboratory to unravel how nucleic acids could have contributed to the origins of life. A research team led by Jeremy Smith, who directs ORNL's Center for ... (Source: Daily News and Analysis 2010-10-05T11:46:51Z)

Sanofi-Aventis in $18.5 billion hostile takeover offer for Genzyme

France's Sanofi-Aventis on Monday launched an $18.5 billion hostile takeover offer for Genzyme Corp., stepping up its effort to capture the U.S. biotech company's promising drugs for high cholesterol and lucrative treatments for rare genetic disorders. At ... (Source: New York Daily News 2010-10-05T11:18:13Z)

Ventas to buy real estate interests in 58 Sunrise Senior Living communities

Real estate investment trust (REIT) Ventas Inc. on Monday said it is acquiring the real estate interests in 58 private senior living communities from Sunrise Senior Living Inc. The deal, which is valued at roughly $186 million, also includes an agreement ... (Source: McKnight's 2010-10-05T09:45:09Z)

Casino owners, senators charged in Ala bingo probe

After the governor began raiding the state's electronic bingo halls, casino owners sent lobbyists to the Capitol with orders to make their Vegas-style parlors legal. The way they went about it, federal authorities said Monday, was to offer lawmakers ... (Source: AP - msnbc.com 2010-10-04T20:52:04Z)

Virgin Mobile's Samsung Intercept on sale at Target

The Samsung Intercept , Virgin Mobile USA's first Android offering in its prepaid lineup, is available at Target stores starting today. Virgin Mobile USA will roll out the Intercept to customers through other retailers throughout October. In addition, you ... (Source: CNet 2010-10-04T17:03:00Z)

Arizona governor opposes ruling that lets Mexico offer viewpoints in immigration appeal

PHOENIX - Arizona Gov. Jan Brewer is opposing a court ruling that lets other countries file a friend-of-the-court brief in her appeal of a decision that put parts of the state's new immigration law on hold. Mexico and 10 other Latin American countries were ... (Source: St. John's Telegram 2010-10-06T00:39:57Z)

BREAKING: Patriots discussing trade that could send Randy Moss to Vikings

The New England Patriots are currenly in conversations with the Minnesota Vikings that could send wide receiver Randy Moss back to his original NFL home. Foxsports.com first reported the talks and cited various Patriots sources who said that the deal was ... (Source: Examiner 2010-10-06T02:48:47Z)

MDA DataQuick Partners With MBSData to Offer Enhanced RMBS Valuation Product

MDA DataQuick : ®, a division of MDA Lending Solutions : and the nation's largest independent provider of property data : to real estate and mortgage professionals, announced today the availability of an enhanced residential mortgage backed securities ... (Source: PR Inside 2010-10-04T15:37:06Z)

Sanofi-Aventis Takes $69 a Share Genzyme Offer to Shareholders

Sanofi-Aventis SA took its $69 a share cash offer directly to Genzyme Corp. shareholders, citing the U.S. biotechnology company's "unwillingness to engage in constructive discussions" in a statement on its website today. (Source: Bloomberg 2010-10-04T05:42:58Z)

Sanofi-aventis Commences Tender Offer to Acquire All Outstanding Shares of Genzyme for $69 ...

PARIS , Oct. 4 /PRNewswire-FirstCall/ -- Sanofi-aventis [(EURONEXT: SAN - News ) and (NYSE: SNY - News )] announced today it has commenced a tender offer for all outstanding shares of common stock of Genzyme Corporation (Nasdaq: GENZ - News ) for $69 per ... (Source: Yahoo Finance 2010-10-04T07:01:42Z)

Casino owner, others indicted in Ala. bingo probe

MONTGOMERY, Ala.—Federal officials have indicted the owner of Alabama's largest casino, four state senators and several top lobbyists in a scheme to buy and sell votes to get electronic bingo legalized. Assistant Attorney General Lanny Breuer says the ... (Source: San Jose Mercury News 2010-10-04T16:20:03Z)

T-Mobile to Sell Microsoft Windows Phone

NEW YORK—T-Mobile USA will join AT&T Inc. in selling a smartphone using Microsoft Corp.'s revamped mobile operating system, Windows Phone 7, according to people familiar with the launch plans. T-Mobile USA will sell a device made by Taiwan-based HTC Corp ... (Source: Wall Street Journal 2010-10-04T17:45:57Z)

T-Mobile USA Likely To Carry Microsoft's Phones

T-Mobile USA is likely to carry Microsoft's Windows phone 7 as the telecom operator hints that it would support the Windows based phones. Meanwhile, the device is expected to be unveiled at an event held by Microsoft while it would hit markets in the ... (Source: indiaserver.com 2010-10-05T06:46:12Z)

Ventas Buys Sunrise Properties For $186M

Healthcare real estate investment trust, Ventas , is acquiring the minority interests in 58 senior living communities from Sunrise Senior Living for $186 million, The Wall Street Journal reports. The deal, which give Ventas full ownership of all 79 ... (Source: Emii.com 2010-10-05T11:46:51Z)

A Supercomputer Analyzes Life's Origins

Researchers at the Department of Energy's Oak Ridge National Laboratory , Center for Molecular Biophysics, are using the latest technology to find out the potential role of nucleic acids in the creation of life. Supercomputer simulations of molecular ... (Source: Softpedia 2010-10-05T08:19:15Z)

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