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 / June 3, 2011, 10:43 pm

California firm buys Lunda Construction Co. for $153.5 million

"We go back to 1938, and it was a difficult choice," Lunda said. "We think this is a good match with Tutor Perini." Lunda said the sale won't affect the Lunda Charitable Trust, which has made numerous financial donations to the community of Black River ... (Source: Winona Daily News 2011-06-04T05:05:19Z)

Dow Average Has Its Longest Weekly Slump Since 2004 on Employment Report

To contact the reporter on this story: Inyoung Hwang in New York at ihwang7@bloomberg.net To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net (Source: Bloomberg 2011-06-04T04:58:09Z)

K-State tumbles in regional opener

He ranks 10th all-time and needs one more to tie teammate Nick Martini.... Stanford's Tyler Gaffney extended his hit streak to 18 games. E—Witt (17), Klein (3), Brown (12), Lindsey 2 (2). DP—Stanford 1. LOB—Kansas State 4, Stanford 10. 2B—Urban (8 ... (Source: Wichita Eagle 2011-06-04T05:05:19Z)

Thunder success brings bittersweet memories to Seattle

But I remember Kevin Durant imploring the crowd to keep chanting "Save Our Sonics" at the last game and Nick Collison making the final basket. Take care of our team, Oklahoma City. And take heart, too. We would have rooted for the Thunder over the Heat (Source: Daily Oklahoman 2011-06-04T05:05:19Z)

Saturday Morning Tip: How Harmon handles the hated half-wedge

In the July issue of Golf Digest (on sale June 7, with Adam Scott on the cover), Butch Harmon, ranked No. 1 among America's 50 Best Teachers, shows you how to play one of the most dreaded shots in golf: the partial-wedge. Of course, it's best to not leave ... (Source: Golf Digest Magazine 2011-06-04T04:58:09Z)

Short sales may be targeted for fraud

Then they contact the bank with the investors' short-sale offer. Meanwhile, the agent finds legitimate buyers who are willing to pay more for the property, but the agent never presents their offers to the bank. To back up the investors' lowball offer ... (Source: Los Angeles Times 2011-06-04T05:05:19Z)

Having your jam today can prove bittersweet

Southern Cross , which runs 750 care homes housing 31,000 mostly elderly people, is in danger of going under because, after pursuing a particularly aggressive sale and leaseback policy, it cannot pay its landlords. The tale is a salutary one. Blackstone ... (Source: Financial Times 2011-06-04T05:19:38Z)

Flying part of the game for some top drivers

I wound up having to pick up the slack a little bit, otherwise I wouldn't be racing it (in Chicago)." Sponsorship deals often dictate such inconveniences, but Edwards and Keselowski are genuinely eager for the dual-city, dual-race challenge. "The reason I ... (Source: Wichita Eagle 2011-06-04T05:05:19Z)

Gardner feels 'terrific' after surgery for prostate cancer

"I feel terrific," says Gardner, who was diagnosed six months ago with a high-risk form of the disease. Gardner, 64, had been urged by John Carter , who does the early news shift on WBTV (Channel 3), to get his PSA levels checked. Carter was diagnosed in ... (Source: CharlotteObserver.com 2011-06-04T04:51:00Z)

Robert Redford, Mr. Nice Guy

No matter how any of us may feel about Redford's skill as an actor — he was sometimes terrific, sometimes terrifically bland — he was one of the great fantasy figures of American movies in the '70s: he seemed to glow gold. That kind of glow is ... (Source: New York Times 2011-06-04T05:12:28Z)

Deals of the Hour / June 3, 2011, 8:52 pm

John Edwards indicted over campaign sex scandal

The News & Observer has learned that Edwards also turned down a last-minute offer of a plea to three misdemeanor charges. Edwards rejected that deal because it still would have likely included some type of prison sentence, as much as six months ... (Source: Sacramento Bee 2011-06-04T03:17:56Z)

United States v. Johnny Reid Edwards: The Case Begins

Was Edwards offered such a deal before today? Or did Craig offer it up as a nugget to Breuer and company? If we knew the answers to those questions we'd know for sure what each side really thinks of the strength of their case. Right now, alas, all we know ... (Source: NationalJournal.com 2011-06-03T18:49:42Z)

Joe Jonas' New Single 'See No More' Gets Mixed Responses

Sounds like any other Chris Brown song." Following young brother Nick Jonas who did side project with The Administration in 2009, Joe ditches some of the band's pop tunes which make them Disney friendly these past years. Instead, he infuses R&B riffs which ... (Source: AceShowbiz 2011-06-04T03:32:15Z)

Rangers Roll Over Indians With 11-2 Win

He's expected to miss about 10 more weeks. ... 1B Nick Johnson, signed by the Indians to a minor league contract in February, has been activated from extended spring training and joined Double-A Akron. Johnson had wrist surgery last season. (Source: Cleveland News - Fox 8 2011-06-04T02:56:28Z)

Mesoraco powers Louisville Bats 10-4 past Columbus Clippers

Cozart followed with a line-drive double to right that tied it at 4, and Smith was replaced by Nick Hagadone. Yonder Alonso greeted Hagadone with an RBI double to right, and Jeremy Hermida's sacrifice fly made it 6-4. Mesoraco then homered on a 2-1 pitch ... (Source: Courier-Journal 2011-06-04T03:32:15Z)

Lenovo agrees to buy German computer seller Medion

It became a household name after it started cooperating with German discount retail chain Aldi almost two decades ... and Lenovo will make a conditional offer to all other shareholders. "Through this process we will gain 55-80% of the company," a Lenovo ... (Source: Economic Times 2011-06-04T03:32:15Z)

Rolen's hit puts Reds on roll

Logan Ondrusek and Nick Masset each got three outs before Francisco Cordero turned in a perfect ninth to earn his 11th save in 13 opportunities this season and No. 301 for his career, snapping a tie with Bruce Sutter for 21st place on the saves list. (Source: Courier-Journal 2011-06-04T03:17:56Z)

Reds 2, Dodgers 1

"He thought they would let the ball go through and was caught in no man's land." Logan Ondrusek and Nick Masset each got three outs before Francisco Cordero turned in a perfect ninth to earn his 11th save in 13 opportunities this season and No. 301 for his ... (Source: NBC Sports 2011-06-04T03:32:15Z)

City Council to be briefed on helping Formula 1

City Council Member Sheryl Cole said the city will do its due diligence. "We have to make sure that this offer pencils out for the city," Cole said. Cole said the event is expected to generate approximately $6 million in city sales tax revenue, so minus ... (Source: Austin American-Statesman 2011-06-04T03:10:47Z)

Ogando's Record Now 6-0

He's expected to miss about 10 more weeks. ... 1B Nick Johnson, signed by the Indians to a minor league contract in February, has been activated from extended spring training and joined Double-A Akron. Johnson had wrist surgery last season. (Source: NBC Dallas-Fort Worth 2011-06-04T03:25:06Z)

AFL OnLine Bulldogs vs Geelong Live streaming Australian Foo

Sports is the most popular and exciting entertainment site. So we are offer you that's HDQ sports tv link by which you can watch live on your pc tv AFL Bulldogs vs Geelong match and enjoy much more online. Watch today's AFL Bulldogs vs Geelong match. (Source: Salon 2011-06-04T03:17:56Z)

Casey's Set to Buy 22 Kum & Go Stores

The stores will change names once the deal closes next month. The Des Moines Register is reporting that Kum & Go President Kyle Krause says proceeds from the sale will be reinvested in Kum & Go's more than 400 remaining stores and to drive long-term ... (Source: KCRG.com 2011-06-04T03:10:47Z)

Dr. Mark Lynn: Don't let eye allergies ruin your summer

Over the years, I have seen numerous patients suffering from eye allergies. I would like to offer a few tips for people to take into consideration to help prevent some symptoms of eye allergies so they can enjoy the outdoors this spring. The best solution ... (Source: Knoxville News Sentinel 2011-06-04T03:25:06Z)

Deals of the Hour / June 3, 2011, 6:48 pm

John Edwards pleads not guilty to felony charges

It said the money was used to pay for Hunter's living and medical expenses and for chartered airfare, luxury hotels and rental for a house in Santa Barbara, Calif., to keep her hidden from the public. It accused Edwards of lying when he told the media he ... (Source: Star News Online 2011-06-04T01:09:05Z)

Grape Encounters Radio Welcomes Special Guest Richard Sanford

In 1970, he planted the first Pinot Noir vineyard in the region at Sanford & Benedict Vineyard, and as others followed, he helped to establish the area now known as the Santa Rita Hills American Viticultural Area. He and his wife, Thekla, currently own and ... (Source: PRLog (free press release) 2011-06-04T00:47:37Z)

KDOT commits $192 million to complete South Lawrence Trafficway

I-35 interchange between Edgerton and Gardner: $26 million in improvements to help handle additional truck traffic expected as part of Burlington Northern Santa Fe's proposed intermodal transportation hub. The South Lawrence Trafficway now has a checkbook. (Source: LJWORLD 2011-06-04T00:40:27Z)

No happy return for Monty at Celtic Manor

It is at the 13th, though, that a car is the prize. However downcast Montgomerie felt, he cannot compare his situation to that of Liverpool's Nick Dougherty, who has now had 13 missed cuts in a row going back to last November. He was on six over and the ... (Source: espnstar.com 2011-06-04T01:09:05Z)

Timeline: Protests against Saleh rule in Yemen

Saleh proposes staying in office until elections are held but transferring his powers to a caretaker. -- The opposition rejects the offer. April 2 - The opposition proposes a five-point plan for the army and security forces to be restructured by a vice ... (Source: Reuters UK 2011-06-04T00:54:46Z)

Qatari expulsion of alleged Libyan rape victim upsets U.S.

Kempinski's corporate office in Geneva, Switzerland, was unaware of the incident. An official there said the office may offer a response later. The UNHCR on Friday called the forced return a violation of international law and said it was working to meet ... (Source: CNN 2011-06-03T17:09:29Z)

Melwood Prince George's County Open Presented by Under Armour

From festivals to theater to amusement parks, Prince George's County has something to offer everyone. University of Maryland The University of Maryland experience fosters a commitment to responsible citizenship, critical thought, community involvement ... (Source: PGA Tour 2011-06-04T00:47:37Z)

Yemeni President: 'Gangsters' Launched Attack On Palace

"If Saleh is compelled to leave Yemen, Saudi Arabia is one of the few countries that could possibly offer him refuge. The Saudis have sought to subordinate their role in the crisis under the auspices of the Gulf Cooperation Council, but must now take a ... (Source: ClickOnDetroit.com 2011-06-04T00:40:27Z)

New venture funding brings WhaleShark's take to $130 million in a year

Bath had been vice president of strategy and new business for Gilt Groupe Inc., the online discount luxury retailer. The new hires include Paul Rogers as chief technology officer and Steven Pho as senior director for business development. Rogers opened ... (Source: Austin American-Statesman 2011-06-04T00:47:37Z)

Yemen president Saleh fights to keep grip on power

By then, tens of thousands of Yemenis had begun daily protests outside Sanaa University and Saleh had begun to offer verbal concessions. First he said he would not stand for re-election in 2013 and dismissed the idea of his son succeeding. In March ... (Source: Reuters UK 2011-06-04T00:54:46Z)

Old Buildings in Central business districts opting for makeover

Central business districts (CBDs) are gradually losing their sheen because of their inability to offer Grade A buildings at competitive rates, and retrofitting, which involves raising the economic life of existing old buildings, is emerging as the preferred option. (Source: Economic Times 2011-06-04T01:37:43Z)

Columnist dismisses the obvious in slap at GE engine

DERRICK Z. Jackson's column (" Engine failure: House OK of GE backup engine epitomizes irresponsible spending ,'' Op-ed, June 1) dismisses the obvious in his analysis of the GE-Rolls-Royce offer to self-fund the continued development of its engine ... (Source: Boston Globe 2011-06-04T01:09:05Z)

Deals of the Hour / June 3, 2011, 4:49 pm

AEG chief: Problems with NFL stadium deal in L.A. stem from years of mistrust

AEG 's Tim Leiweke said a big part of the problem in persuading Los Angeles to make a deal for a new football stadium is the rampant mistrust between the city and the NFL — largely created by so many false starts on stadium concepts. Leiweke said NFL ... (Source: Los Angeles Times 2011-06-03T23:36:02Z)

Sprint formally asks FCC to block AT&T/T-Mobile deal

Sprint, which has opposed the deal almost since it was announced in March, said the acquisition will hurt competition and consumers no matter what terms might be imposed on Dallas-based AT&T. "No divestitures or conditions can remedy these fundamental anti ... (Source: TMCnet 2011-06-03T23:07:24Z)

Zimbabwe : Obama Left Behind by Arab Revolutions

Two years after the American president's much-ballyhooed speech in Cairo promised a new relationship with the Muslim world, not much has changed in American policy -- but a great deal has changed ... t agree even if Obama twisted his arm very hard. (Source: AllAfrica.com 2011-06-03T13:20:25Z)

AEG's Tim Leiweke Issues Yet Another NFL Ultimatum

"We will know by July 31, one way or the other," Leiweke said. Hm. Remember back in December, when Leiweke said there would be a deal within three months ? Speaking at the Central City Association, Leiweke said , "We're going to give this our best shot in ... (Source: Los Angeles Weekly 2011-06-03T23:28:52Z)

Fiat to Buy Remaining U.S. Govt. Stake in Chrysler

Italian automaker Fiat agreed Thursday to buy the U.S. Treasury's 6 percent interest in Chrysler for $500 million. Once the deal closes, the government will no longer hold a stake in the auto company. President Barack Obama is expected to announce the ... (Source: FOX News 2011-06-03T12:51:47Z)

'Food Network Star,' premiering Sunday on the Food Network

"They think they know what the deal is, but they have no clue," Flay said. "We do everything we can to keep them guessing and see what happens." No doubt the competitors also arrive well versed in rule No. 1 of reality TV: conflict equals TV face time. (Source: Centre Daily 2011-06-03T23:14:34Z)

CFL: 2011 Winnipeg Blue Bombers Training Camp Ends; Camp To Open Sunday

There was a snag just before camp opened, however both sides were able to agree to a deal which allowed fourth overall pick Jade Etienne to make the trip to camp. Unfortunately for Kito Poblah, the first pick in the supplemental draft, he was unable to ... (Source: Bleacherreport.com 2011-06-03T23:21:43Z)

Controversial Israeli billionaire Ofer dies

The Ofer brothers did not comment publicly on the U.S. charge. A spokesman said the $8.5 million deal, small for the massive conglomerate, was conducted unwittingly with an Iranian shell company. Nonetheless, the company said it was embarrassed. (Source: AP - msnbc.com 2011-06-03T12:37:28Z)

Obama Says Auto Makers' Success Is Trickling Down

Under the deal, Fiat will also pay the Treasury $75 million for the right to purchase the 45.7% Chrysler ownership stake held by the United Auto Workers union's health-care trust fund. Fiat must negotiate a purchase price with the trust fund. The ... (Source: Wall Street Journal 2011-06-03T23:14:34Z)

Insiders' guide to Greece

And if much of the island's sand is buried beneath rows of sunbeds, it doesn't take a great deal of effort to find a windier ... alongside standard Greek fare of roast meats and stews. Peter and Tony offer en-suite rooms with en-suite bathrooms and ... (Source: The Guardian 2011-06-03T23:14:34Z)

Highlights from the Texas Capitol Friday

Texas lawmakers are pushing toward a $4 billion cut to schools over the next two years and school districts say they need ways to deal with those losses. One of the bills before the House Public Education Committee on Friday requires state officials to ... (Source: RealClearPolitics 2011-06-03T23:14:34Z)

Witness: Alleged Libyan rape victim appears bruised after deportation

Kempinski's corporate office in Geneva, Switzerland, was unaware of the incident. An official there said the office may offer a response later. The UNHCR on Friday called the forced return a violation of international law and said it was working to meet ... (Source: CNN 2011-06-03T12:30:19Z)

Chrysler IPO not likely until 2012: Marchionne

But neither Chrysler nor Fiat is going to get pushed into a position. They will do it when it's ready." As part of the Treasury deal, Fiat will pay $75 million for Treasury's option to buy all shares held by the VEBA trust. Marchionne said a share offering ... (Source: Chicago Tribune 2011-06-03T23:07:24Z)

These 3 Companies Announced Interesting Earnings This Week

Dollar General Corporation ( NYSE:DG ): The discount retailer, which "operates convenient ... Although, the quality retailer's earnings did offer some redeeming financial statistics. Last quarter marked the fifth consecutive quarter of gross margins ... (Source: Yahoo Finance 2011-06-03T13:13:16Z)

Greek FinMin: negotiations concluded positively

Greece has so far received euro53 billion from its rescue deal since it first started tapping into the bailout package in May 2010. Prime Minister George Papandreou was heading to Luxembourg later Friday for emergency talks with Jean-Claude Juncker ... (Source: AP - msnbc.com 2011-06-03T13:49:03Z)

Deals of the Hour / June 3, 2011, 2:44 pm

Isiah Thomas not interested in Knicks

When Dolan hired Thomas as a consultant instead, NBA commissioner David Stern voided the deal because he viewed Thomas' role as a college coach as a conflict of interest. On a Friday conference call with reporters, Walsh called constant news media reports ... (Source: ESPN.com 2011-06-03T21:12:52Z)

These 3 Companies Announced Interesting Earnings This Week

Shares were slammed in trading today with "Bank" shares falling almost 14% by closing time. Although, the quality retailer's earnings did offer some redeeming financial statistics. Last quarter marked the fifth consecutive quarter of gross margins ... (Source: Yahoo Finance 2011-06-03T13:13:16Z)

Zimbabwe cop murder suspects show signs of torture

Regional countries including South Africa pressured Mugabe to accept Tsvangirai and the MDC in a power-sharing deal. The MDC said that the past week saw police making house-to-house searches all over the township that targeted party officials, many of whom ... (Source: Monsters and Critics 2011-06-03T21:27:11Z)

Marchionne: Fiat has cash to buy Chrysler shares

If Canada were to take the same deal as the U.S. and sell its 1.7 percent stake and the health trust were interested in a private sale to Fiat of its 45 percent, then an IPO would not be necessary, Marchionne said. Getting rid of all government ... (Source: Detroit News 2011-06-03T21:12:52Z)

100 Black Men Offer Swim Lessons

WAPT.com The 100 Black Men of Jackson are offering swim lessons this summer. The group said more than 60 percent of Jackson Public Schools students don't know how to swim. In an effort to change that, the group is offering swim lessons. The program costs $ ... (Source: msnbc.com 2011-06-03T21:12:52Z)

Raptors F Johnson has surgery on ankle

He signed a five-year deal worth $34 million last summer. He averaged career highs in points (9.6), rebounds (6.4), minutes (25.7) and starts (54) in 2010-11. (Source: FOXSports.com 2011-06-03T21:12:52Z)

Chrysler CEO says IPO won't come before next year

The deal will give Fiat a majority 52 percent stake in the automaker, just two years after it agreed to manage Chrysler after its bankruptcy. He's currently talking with Canadian officials about buying that country's 1.7 percent ownership in Chrysler. (Source: Cleveland Plain Dealer 2011-06-03T21:27:11Z)

Storms Rip Through Spartanburg County

Most Popular Stories at WYFF 4 Storm Damages SC Governor's Mansion Sheriff's Former Mistress Files Lawsuit Deputies: Man Having Yard Sale Stabbed, Robbed Woman, 72, Recovering After Dog Attack Injured Boater Air Lifted To Hospital (Source: msnbc.com 2011-06-03T13:41:54Z)

MLB: Will Debt Issue Undermine the Futures of Some Prominent Franchises?

the Dodgers have been appointed an oversight trustee by Selig as owner Frank McCourt deals with a contentious divorce; and the Rangers emerged from bankruptcy court last summer before advancing to the World Series. "You've got to be thinking, with two of ... (Source: Bleacherreport.com 2011-06-03T21:20:02Z)

Walsh out as Knicks president, will stay on as consultant

Although James and Bosh both signed with the Miami Heat last summer, the Knicks landed Stoudemire to a whopping five-year, 100 million dollar deal. In February, Walsh brought in a second superstar, acquiring Carmelo Anthony from Denver in a multi-player swap. (Source: Monsters and Critics 2011-06-03T20:58:33Z)

Fiat to Buy Remaining U.S. Govt. Stake in Chrysler

Italian automaker Fiat agreed Thursday to buy the U.S. Treasury's 6 percent interest in Chrysler for $500 million. Once the deal closes, the government will no longer hold a stake in the auto company. President Barack Obama is expected to announce the ... (Source: FOX News 2011-06-03T12:51:47Z)

NFL, players state their case in St. Louis court

Judge Bye acknowledged the rarity of a "standing-room only" crowd. They listened to NFL attorney Paul Clement and players attorney Ted Olson spend a good deal of their allotted 30 minutes grappling with the issue of antitrust law vs. labor law in light of ... (Source: St. Louis Post-Dispatch 2011-06-03T21:20:02Z)

New Issue-Vulcan Materials sells $1.1 bln in two parts

The size of the deal was increased from an originally planned $1 billion. Bank of America Merrill Lynch, Goldman Sachs and SunTrust Robinson Humphrey were the joint bookrunning managers for the sale. BORROWER: VULCAN MATERIALS CO TRANCHE 1 AMT $500 MLN ... (Source: Reuters 2011-06-03T21:20:02Z)

Deals of the Hour / June 3, 2011, 12:44 pm

Fiat Buys Rest of U.S.'s Chrysler Stake, Right to UAW Shares

The U.S. Treasury said it will receive an additional $60 million as part of a deal for Fiat to acquire the government's rights to buy a union trust fund's stake in Chrysler. The Canadian government will get $15 million from that part of the transaction ... (Source: BusinessWeek 2011-06-03T08:41:15Z)

Polyus Gold says not in merger talks with gold majors

Polyus co-owner and Chief Executive Mikhail Prokhorov said last month he was seeking a merger partner for Polyus and was hoping to complete a deal by the end of the year. [ID:nLDE75206R] (Source: Reuters 2011-06-03T08:19:46Z)

Arch Coal prices stock offering

St. Louis-based Arch Coal, led by Chairman and CEO Steven Leer , launched a tender offer May 14 to buy Scott Depot, W.Va.-based International Coal Group Inc. for $14.60 per share, a total of $3.4 billion in cash. The combined company will be the second ... (Source: The Business Journal 2011-06-03T19:04:01Z)

Fiat to Buy Rest of U.S. Government's Chrysler Stake, Right to UAW Shares

The U.S. Treasury said it will receive an additional $60 million as part of a deal for Fiat to acquire the government's rights to buy a union trust fund's stake in Chrysler. The Canadian government will get $15 million from that part of the transaction ... (Source: Bloomberg 2011-06-03T08:26:56Z)

Tesla prices secondary stock offering at $28.76

It will offer a $50,000 four-door luxury sedan called the Model S next year. Tesla also makes technology, such as battery packs and chargers, for Daimler and Toyota. It is developing the power system for an electric version of the Toyota RAV-4, a popular ... (Source: Detroit News 2011-06-03T19:18:20Z)

San Diego fireworks — and much more — are in limbo

Quinn was prepared to let her order take effect immediately but had second thoughts after a city attorney warned Thursday that it would deal a severe economic blow. The Coastal Environmental Rights Foundation sued San Diego last year to force a review of a ... (Source: AP - msnbc.com 2011-06-03T08:26:56Z)

Protesters take over finance ministry in Athens

Greece has so far received €53 billion from last May's rescue deal. Greek officials were also completing tough negotiations on the details of more austerity measures needed to ensure the country can avoid defaulting on its debts. The original bailout ... (Source: AP - msnbc.com 2011-06-03T08:26:56Z)

In South Dakota, some blame Corps for flood threat

She said conditions on May 1 indicated peak releases at only a third of what they're now projected, and the reservoir system had full capacity to deal with flood control at the start of the runoff season. All that changed with the record rainfall in the ... (Source: St. Louis Post-Dispatch 2011-06-03T19:04:01Z)

UPDATE 1-Prada point to rising profits ahead of HK IPO

Prada, known for its handbags and Miu Miu dresses, plans to sell 423.3 million shares, equivalent to 16.5 percent of its enlarged capital, according to a term sheet of the deal seen by Reuters on Wednesday. The IPO has been valued at around $2 billion. (Source: Reuters 2011-06-03T08:34:05Z)

Moody's may cut BofA, Citi, Wells ratings

WFC - News ), citing concerns about waning U.S. political willingness to offer support for the largest banks. The sweeping Dodd-Frank financial reform law is eliminating the certainty of U.S. governmental support that some "too big to fail" banks needed to ... (Source: Yahoo Finance 2011-06-03T09:17:02Z)

Carla Bailo takes R&D reins of Nissan in North, Latin America

During her stint in Japan, Bailo helped broker deals with other automakers, said Andy Palmer, Yokohama-based executive vice president of product planning at Nissan. "Carla is not only a very talented engineer, but also a very shrewd businesswoman," he said. (Source: Detroit News 2011-06-03T19:18:20Z)

Deals of the Hour / June 3, 2011, 10:46 am

Tesla prices secondary stock offering at $28.76

In addition to the shares in the public offering, CEO and co-founder Elon Musk will buy 1.4 million shares in a private sale at the same price. Blackstar Investco LLC, an affiliate of Daimler AG, also will buy 637,475 shares directly from Tesla ... (Source: Detroit News 2011-06-03T16:40:51Z)

Asian Stocks Drops a Second Day on Signs U.S. Economy Faltering

Real Estate Developers in Hong Kong fell after home-sale transactions in the city declined for a fifth straight month in May as rising mortgage rates continue to dent buying sentiment. The number of units that changed hands last month declined 12 percent ... (Source: BusinessWeek 2011-06-03T08:48:24Z)

Apple pays music bigs $100M+

with the tech firm taking a 30 percent cut, 12 percent going to music publishers, and the rest to the labels to divide with their artists. Apple yesterday finalized its cloud deals with all labels and their publishing units, according to sources. (Source: New York Post 2011-06-03T07:36:49Z)

Sound of Music: Three Tech Titans Battle for the Cloud

While Apple is last to enter the game, the tech behemoth's hesitation came with sound reasoning: it has already inked several deals with a majority of the world's top music publishers and is rumored to have developed a service that will trump its ... (Source: FOXBusiness 2011-06-03T17:09:29Z)

UPDATE 1-Tribune creditors sue ex-shareholders for billions

In general, former shareholders can defend themselves by arguing they sold in good faith and without any knowledge that the sale would render the company insolvent, said Jonathan Lipson, a law professor at the University of Wisconsin Law School. (Source: Reuters 2011-06-03T17:23:48Z)

Drug sweep nets 6 arrests

PORTSMOUTH, N.H. (FOX 25 / MyFoxBoston) - Police arrested six people in a drug sweep Thursday in Portsmouth, N.H. The roundup was the result of an investigation into the sale of cocaine, Roxicodone, Suboxone, Adderall and marijuana. The following were ... (Source: My Fox Boston 2011-06-03T16:33:42Z)

Alex Rodriguez, Cameron Diaz split: Actress 'hurt and betrayed' after Yankee slugger calls it quits

Breaking up is hard to do, even if you're rich and beautiful. Check out the latest star couples to join the celebrity broken hearts club. They're back together before you can say "it's over," and broken up again before you can say "they're back together." (Source: New York Daily News 2011-06-03T17:09:29Z)

Coachella Valley Music and Arts Festival tickets on sale today

The same musical acts will perform at each event, organizers said. Passes for either weekend go on sale beginning today at 10 a.m. The early opportunity to purchase tickets will last until 10 p.m. next Friday. Tickets, which cost $269 each, will go on sale ... (Source: Desert Sun 2011-06-03T17:09:29Z)

Apple's iCloud: The halo effect

What is less clear is if Apple has also reached deals with providers of TV shows, movies, and e-books. Regardless, we believe reaching cloud music deals would be a great start and further distance Apple from Google, Amazon, Microsoft, and others ... (Source: CNET News 2011-06-03T17:02:20Z)

U.K. Spectrum Sale Should Not Dictate Market Size, Vodafone Says

Ofcom wants to maintain at least four national carriers and would impose limits on the minimum and maximum amounts of frequencies set to go on sale in the first quarter of 2012 to ensure competition. The industry should decide the size of the market in the ... (Source: BusinessWeek 2011-06-03T16:40:51Z)

Hot deal: Groupon files for highly anticipated IPO

That puts him in line to be a billionaire, if investors like Groupon's stock as much as consumers seem to like its daily deals. Groupon has created a new marketing phenomenon catering to people's hunger for bargains. The service has become so popular that ... (Source: Yahoo Finance 2011-06-03T17:02:20Z)

Americas Petrogas Drilling Plans for 2011-2012 and Acquisition of Private Company

Americas Petrogas further announces that it has entered into a share purchase and sale agreement to acquire all of the issued and outstanding shares of Energicon S.A. ("Energicon"), a private Argentine company that holds a 19.5% participating interest in ... (Source: StreetInsider.com 2011-06-03T16:55:10Z)

BMB Munai, Inc. Stockholders Approve the Sale of Emir Oil LLP

(NYSE Amex: KAZ) (the "Company") today announced that its stockholders have approved at a special meeting of stockholders the previously announced sale of all of its interests in its wholly- owned operating subsidiary, Emir Oil LLP, to a subsidiary of MIE ... (Source: American Chronicle 2011-06-03T07:51:08Z)

Deals of the Hour / June 3, 2011, 8:44 am

Study cites Des Moines area's income advantage

Adjusted for the cost- of-living index, the figure was nearly $62,500. By comparison, the adjusted income in the New York City metro was nearly $35,400. Swenson says the Des Moines area's lower housing costs helped make the area a relative bargain. (Source: Quad-Cities Times 2011-06-03T15:07:48Z)

Deals of the Hour / June 3, 2011, 6:47 am

Israeli tycoon at heart of Iran trade scandal dies

Ofer's death is likely to further deepen the mystery surrounding the firm's alleged ties to Iran, which has sparked a lively debate over the issue of lucrative business deals conducted under the guise of spying. High-ranking security officials quoted by ... (Source: YAHOO! 2011-06-03T13:06:06Z)

Catherine Ashton not to arrive in Armenia in either June, or July

Weekly digest of foreign currency deals From May 23 to 29, 2011, AMD loans granted by banks totaled 23.2bln, while USD loans amounted to 57mln. Merkel, Obama to discuss role of developing countries in IMF Germany strongly supports French Finance Minister ... (Source: PanARMENIAN Network 2011-06-03T13:27:35Z)

Protesters take over finance ministry in Athens

Greece has so far received euro53 billion from its rescue deal since it first started tapping into the bailout package in May 2010. Prime Minister George Papandreou was heading to Luxembourg later Friday for emergency talks with Jean-Claude Juncker ... (Source: Arizona Daily Sun 2011-06-03T13:20:25Z)

Tarnished DOJ unit would handle Edwards indictment

Edwards' attorneys are thought to be negotiating with the U.S. Attorney's Office over a possible plea deal to avoid indictment. Statistically, the section has an impressive record, and it likely will see the Edwards case as entirely separate from problems ... (Source: Arizona Daily Sun 2011-06-03T13:20:25Z)

Reports: John Edwards to be indicted for affair cover up

ABC News, citing unnamed sources, says the indictment will be handed down in Raleigh today unless a plea deal is reached. A "person with knowledge of the investigation" says Edwards' lawyer, Gregory Craig, planned to be in North Carolina today. CNN says ... (Source: USA Today 2011-06-03T13:20:25Z)

Landlord's bills piling up; residents fear losing water

Smith says the reason he's 50 grand behind is because he's an embezzlement victim. He says his former property manager cut rent deals that he didn't know about, then pocketed the money and took off. $150,000 and six months worth of rent were gone. (Source: WCNC 2011-06-03T13:06:06Z)

Report: Amazon Lost $3 Million By Selling Lady Gaga Album For A Buck

The wholesale figure came from the Times' anonymous sources who were briefed on the deal. If you partook of the offer, did you find the album was worth your buck? And do you think the publicity Amazon gained in the promotion was worth its loss? (Source: Consumerist.com 2011-06-03T13:13:16Z)

In District, Puzzled by Weiner's Uncertainty on Photo

"She's a smart, beautiful woman," she explained. Morris Mosseri, 36, who works for a security company and lives in the Marine Park section of Brooklyn, said he was confident the photo was of Mr. Weiner. "There must be such a picture of him out ... (Source: New York Times 2011-06-03T13:27:35Z)

For-Profit 'Charter' Schools Don't Address Core Problem

I understand that every kid we help matters. But we can't build enough charter schools to deal with the problems millions of kids are facing. The argument for charter schools has never been that they are the answer to the failings of public education. (Source: NewsMax.com 2011-06-03T13:34:44Z)

San Francisco Giants GM unloads on Florida Marlins outfielder Scott Cousins

My guess is the Marlins' feelings on Sabean's take can be summed up in three words: Deal with it. Sabean should be upset about losing one of his best player, a guy they can't begin to replace. That doesn't change the fact Posey got injured on a ... (Source: Sun-Sentinel (blog) 2011-06-03T04:59:21Z)

Buster Posey: Does Scott Cousins Deserve to Be a MLB Pariah?

There's no doubt that the injury to San Francisco catcher Buster Posey is a big deal for the Giants. He won Rookie of the Year honors during the club's magical World Series winning season and was the cornerstone around which the franchise was building ... (Source: Bleacherreport.com 2011-06-03T13:27:35Z)

Deals of the Hour / June 3, 2011, 4:43 am

Japan's premier survives no-confidence vote, but will step down

"From tomorrow on," independent political analyst Minoru Morita said, "Kan will face difficulties." Whoever becomes Japan's next prime minister must deal with a growing set of problems: a soaring debt, an economy in perma-deflation, and a northeastern ... (Source: Cleveland Plain Dealer 2011-06-03T03:47:46Z)

Carla Bailo takes R&D reins of Nissan in North, Latin America

During her stint in Japan, Bailo helped broker deals with other automakers, said Andy Palmer, Yokohama-based executive vice president of product planning at Nissan. "Carla is not only a very talented engineer, but also a very shrewd businesswoman," he said. (Source: Detroit News 2011-06-03T11:04:25Z)

Sammy Ofer

The Ofer brothers did not comment publicly on the U.S. charge. A spokesman said the $8.5 million deal, small for the massive conglomerate, was conducted unwittingly with an Iranian shell company. Nonetheless, the company said it was embarrassed. (Source: New Orleans Times-Picayune 2011-06-03T11:33:03Z)

Chevron refinery blast kills 4 in UK

U.S. refiner Valero Energy Corp agreed in March to buy the refinery and other assets in a $730 million deal expected to close in the third quarter. bdnews24.com/cr/1024h. WARNING: Any unauthorised use or reproduction of bdnews24.com content for commercial ... (Source: Bangladesh News 24 hours 2011-06-03T11:18:44Z)

J. Lo Sex Tape: Will it Actually Sell?

Sounds INSANE. But here's why it's far, far from a done deal ... Noa and his producing partner Claudia Vazquez say they are in no rush to make a decision, which likely means they haven't gotten an offer. Think about it. You're Ojani Noa . This is your one ... (Source: The Hollywood Gossip 2011-06-03T11:33:03Z)

Lynx-Sparks Preview

Shortly after being selected by Minnesota, Moore became the first female basketball player to sign an endorsement deal with the Jordan Brand, a division of Nike Inc. "Every year the first pick has a chance to make a difference," Lynx vice president Roger ... (Source: ESPN 2011-06-03T11:18:44Z)

Chevron's Pembroke Refinery 'Fully Operational' After Fire

Deals were done yesterday from $1,020 to $1,068. Lindsey Fire Yesterday's explosion follows a fire in a crude distillation unit at Total SA's 221,000 barrel-a-day Lindsey refinery in northeast England in June last year that killed one worker. (Source: BusinessWeek 2011-06-03T11:11:34Z)

UPDATE 2-Prada points to rising profits ahead of HK IPO

The price range for the offering is expected to be finalised before the roadshow starts on Monday, sources close to the deal told Reuters on Friday. <^^^^^ Prada, also known for its colourful Miu Miu ... (Source: Reuters 2011-06-03T11:11:34Z)

Israeli billionaire at heart of Iran trade scandal dies

Sammy Ofer, the Israeli billionaire at the heart of a fierce controversy over his alleged business deals with Iran , was found dead in his Tel Aviv home on Friday. Together with his brother Yuli, Ofer controlled one of the largest and most powerful ... (Source: Financial Times 2011-06-03T11:11:34Z)

Obama on Middle East: Right Goals, Wrong Strategy

By thus pre-empting the prime minister, he forced him to become more defensive of Israel's bargaining positions and less willing to offer specific, generous concessions. The result was a powerful speech in defense of Israel by Netanyahu, an ... (Source: NewsMax.com 2011-06-03T11:25:53Z)

Japan ruling party resumes bickering over when PM to quit

Kan survived the no-confidence motion on Thursday after a last-minute offer to resign persuaded party critics not ... Disaster Management Minister Ryu Matsumoto told reporters it was clear the deal was for Kan to step down soon. "I think it's the end ... (Source: Reuters 2011-06-03T11:18:44Z)

Golf Channel risk reaps big reward

A variety of programming, such as instructional and reality shows, defines the Golf Channel, but its evolution into widespread acceptance took a major step in 2007 when it signed a 15-year deal to broadcast PGA Tour events. "That was a watershed moment ... (Source: Columbus Dispatch 2011-06-03T11:18:44Z)

Return of the Giant Carnivorous Hermaphrodite Snails

[Read: Why the Full Moon Makes Scorpions Glow in the Dark ] Like some other land and freshwater snail species, powelliphanta snails are hermaphrodites . This means that any adult can mate with any other adult because both female and male sexual organs are ... (Source: YAHOO! 2011-06-03T11:11:34Z)

Pistons president Joe Dumars ready to get back in saddle

"What I didn't do was come out and call press conferences. My job is not really to call press conferences. It's to deal with the issues behind the scenes. That's what my job was." But really, it became an impossible job this winter, with the obvious fixes ... (Source: Detroit News 2011-06-03T11:04:25Z)

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