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 22, 2011, 10:42 pm

Obama to unveil plan for Afghanistan troop withdrawal

While the United States has embraced efforts to find a political settlement with the Taliban, officials acknowledge a peace deal may be far in the future even if one could be had. Obama is mindful of the American public's lack of support for the war as he ... (Source: msnbc.com 2011-06-22T17:08:26Z)

There is no quick fix for Cleveland Cavaliers in 2011 NBA Draft: Bud Shaw's Sports Spin

This NBA Draft, though, doesn't lend itself to bold moves. The boldest, of course, would be to swing a deal that delivers the top two picks -- Irving and Williams. If that happens, Nick Gilbert should immediately suspend his father's Twitter app for fear ... (Source: Cleveland Plain Dealer 2011-06-23T05:25:44Z)

Markets Surge as Fear of a Greek Default Eases

"There is increased optimism that one, the prime minister will survive the confidence motion tonight and two, that will pave the way for austerity measures to be passed," said Nick Stamenkovic ... bank's policy to deal with an economy that shows ... (Source: New York Times 2011-06-22T16:11:10Z)

Ben's escape hatch

First, I'll deal with Hapless Ben. Yesterday, Bernanke's Federal Reserve Open Market Committee met and said pretty much what I and everyone else expected them to say: the economy is growing but not enough; inflation is too high but not for long ... (Source: New York Post 2011-06-23T04:35:37Z)

Top Women in India Banking Proving ICICI's Factory for CEOs Gender Neutral

Directors approved the funding, Vaghul says, and Reliance got the complex running again in about 20 days. After that, "Reliance loved to deal with her," he says. Kochhar, a badminton and Bollywood enthusiast, says her status as a mother once even ... (Source: Bloomberg 2011-06-23T04:57:06Z)

New camera technology on target to end out-of-focus photos Tech talk Nick delorenzo

It's expected to be launched around the end of the year and slated to cost less than $500. Nick DeLorenzo is director of interactive and New Media for The Times Leader. Write to him at ndelorenzo@timesleader.com (Source: Times-Leader 2011-06-23T04:57:06Z)

Meet the Stealthy Start-Up That Aims to Sharpen Focus of Entire Camera Industry

It hopes to have a point-and-shoot model on sale later this year. The device will be "reasonably priced," but Lytro didn't offer further details. "It will be a competitively priced consumer product that fits in your pocket," Ng said. Of course ... (Source: All Things Digital 2011-06-22T05:19:45Z)

Analysis: Afghanistan drawdown has bipartisan backing

In a separate Pew poll two weeks ago, 60% said the Afghanistan and Iraq wars had contributed a great deal to the nation's debt, far more than the percentage who cited domestic spending increases or tax cuts. As Obama struggles with the economy, some of his ... (Source: USA Today 2011-06-23T05:11:25Z)

Fed must inject QE3 if US economy doesn't wakeup: Expert

That's going to be a key to market response. Q: Do you expect the Fed to deploy any kind of creative measures either within the scope of QE or outside to be able to deal with the weak data, the weakness in the economy and also are you in favour of QE3? (Source: MoneyControl.com 2011-06-23T05:11:25Z)

A Look Inside the Fed's Balance Sheet

"It appears JP Morgan Chase is a vampire squid as well. JPMorgan will pay a $153 million fine to settle Securities and Exchange Commission charges that it misled investors in a mortgage bond deal just as the housing market was about to crack. The SEC ... (Source: Minyanville 2011-06-22T15:06:44Z)

2011 NBA Draft Results: Reaction and Analysis for All the Night's Picks

And for others, the draft can be a deal-breaker. The wrong choice can kill a franchise for years. Witness the brilliant selections made the New York Knicks in the last half-dozen years. So tonight, Bleacher Report will break down every pick and offer up ... (Source: Bleacherreport.com 2011-06-23T04:57:06Z)

Frontier Orders 80 Airbus Jets After Bombardier CSeries Deal

Frontier Airlines parent Republic Airways Holdings Inc. (RJET) agreed to buy 80 upgraded Airbus SAS jets, adding planes similar to the Bombardier Inc. (BBD/B) CSeries model that the carrier ordered just last year. The letter of intent is for 40 A320neo ... (Source: Bloomberg 2011-06-22T14:45:16Z)

AirAsia to buy 200 A320neo plus 100 options: Sources

AirAsia is set to place a record order for 200 revamped A320neo jets plus 100 options in a USD 17 billion deal making the Malaysian carrier Airbus's largest airline customer, industry sources said. The deal is expected to be finalized at the Paris Air Show ... (Source: MoneyControl.com 2011-06-23T04:42:47Z)

Some Greeks wary of more fiscal medicine

Greece has promised to generate an additional $72 billion by selling off prime state assets, which many Greeks consider a fire sale of national patrimony. Mired in "debt trap"? While the commitment to austerity will allow Greece access to a fresh infusion ... (Source: Seattle Times 2011-06-23T05:04:15Z)

Bernie: Contract is sore subject with Pujols

They terminated contract discussions with the Cardinals. Lozano and Pujols had every right to pursue a deal that topped A-Rod's 10 years and $275 million, but make no mistake: This was a gamble. The Cardinals also took a risk by choosing to let Pujols ... (Source: St. Louis Post-Dispatch 2011-06-23T05:04:15Z)

Doyle McManus: A pivot point in Afghanistan

Instead, officials said, the objective is to negotiate a deal with the now-weakened Taliban, one that could see some of the Islamist insurgents return to a role in Afghanistan's government. A White House official said Obama hoped that Americans would see ... (Source: Los Angeles Times 2011-06-23T04:49:56Z)

Duke star may head to Cavs

With the collective bargaining agreement set to expire June 30 and owners and players far apart on a new deal, the possibility of a lockout and a shortened or canceled 2011-12 season remains. (Source: Times-Leader 2011-06-23T04:57:06Z)

BJP supports the done nuclear deal: Jaitley

Washington, June 23 (IANS) Opposition Bharatiya Janata Party (BJP) leader Arun Jaitley has defended his party's stand on the India-US nuclear deal saying that now that "it was a done deal" US firms should have no apprehensions about investing in India. (Source: Thaindian.com 2011-06-23T04:49:56Z)

Prosecutors Raise Possibility Casey Anthony Stole Accidental Drowning Defense From Jailmate

In Whalen's case, her son Isaiah was found Christmas Day 2007 by his grandfather at the bottom of a dirty pool that was dark green with large amounts of tree debris floating in it, according to the incident report. Attempts by the grandfather to perform ... (Source: FOX News 2011-06-22T09:51:46Z)

Deals of the Hour / June 22, 2011, 8:43 pm

Another top SFMTA leader leaving job

Carter Rohan, Muni's second-in-command and a top contender to replace departing chief Nathaniel Ford, submitted his own resignation Tuesday. Citing personal and health reasons, Rohan will step down from the agency July 22, roughly three weeks after ... (Source: San Francisco Examiner 2011-06-22T04:22:30Z)

Lindsay Lohan Shoots Commercial While on House Arrest

I found this amazing site with great deals. It's called Beezid.com. Be sure to check it out," Lohan says in the promo. According to TMZ , Lohan was originally thrown $25K for the gig but in the end, the initial offer was reportedly far too minimal a fee ... (Source: Pop Eater 2011-06-22T08:18:43Z)

What Are Hulu's Owners Really Selling?

That fundamental tension is what led to Hulu CEO Jason Kilar's Web outburst in February this year, and it's what has underscored the networks' recent renegotiations of their distribution deals with the site . And all of that has been going on while ... (Source: All Things Digital 2011-06-23T02:26:46Z)

Another Texas Republican for president?

Ronald Reagan's alleged extremism didn't look so scary next to the economic chaos and foreign-policy humiliations of Jimmy Carter's presidency. Democrats (and some Republicans) thought Reagan a smiling dunce. But the simple themes he enunciated were a ... (Source: Washington Examiner 2011-06-23T02:41:05Z)

Prosecutors Raise Possibility Casey Anthony Stole Accidental Drowning Defense From Jailmate

In Whalen's case, her son Isaiah was found Christmas Day 2007 by his grandfather at the bottom of a dirty pool that was dark green with large amounts of tree debris floating in it, according to the incident report. Attempts by the grandfather to perform ... (Source: FOX News 2011-06-22T09:51:46Z)

Dear Abby: Thoughtfulness can ease hard times under one roof

Dear Abby: With so many families moving in with relatives because of personal struggles in their lives, I thought it might be helpful to offer a few suggestions to help this work for everyone. If you move in with relatives: 1. Do not assume they won't mind ... (Source: Herald & Review 2011-06-23T02:33:56Z)

Obama likely to bring 10K troops home this year

The administration has begun briefing NATO allies on its plans. British Prime Minister David Cameron's office confirmed that officials there have been informed but declined to offer comment, or to make any immediate statement on the plans for about 9,500 ... (Source: Boston Herald 2011-06-23T02:12:27Z)

East Bay House members blast Obama's Afghanistan plan

withdrawal is "not significant nor is it sizeable," and so she will offer defense appropriations amendments to cut all funding for combat operations as well as to redirect a $5 billion Pentagon "slush fund." It is time to concentrate on diplomatic and ... (Source: Berkeley Voice 2011-06-23T01:58:08Z)

Texas governor's call to prayer doesn't foster 'unity'

Throughout our history, many elected officials have been highly visible participants in their religious communities (think President Jimmy Carter teaching Sunday Bible classes). But Perry's prayer plan is something new and different. As one critic of Perry ... (Source: Coshocton Tribune 2011-06-23T02:26:46Z)

Hulu considering buyout bid

NEW YORK (CNNMoney) -- Hulu is considering an unsolicited takeover offer, according to several news reports making ... for an IPO last year because it wasn't able to secure long-term deals with content providers. While those content deals have been elusive ... (Source: CNN Money 2011-06-22T18:48:39Z)

Lindsay Lohan Fails Sobriety Test, Due Back In Court: Reports

She had rejected plea deals earlier in the case , confident that she'd win. "It's a scary place and a place that I don't wish on anyone," she told Life & Style Magazine of her time in jail . Blogger Perez Hilton confirmed with multiple sources that Lohan ... (Source: Huffingtonpost.com 2011-06-23T03:02:34Z)

Prada Grapples With Hong Kong Slump as Majority of IPOs Drop in China Rout

Only one of the 16 companies that started trading this year after raising more than $100 million in a Hong Kong IPO has risen from its offer price ... China and the $13.6 billion for Hong Kong deals, according to data compiled to Bloomberg. (Source: Bloomberg 2011-06-23T02:55:24Z)

Obama: 'The Tide Of War Is Receding'; Troop Withdrawals To Begin

The president tonight recognized the sacrifices that American troops and their families have made since that dark day nearly 10 years ago. "We have learned anew the profound cost of war," he said, "a cost that has been paid by the nearly 4,500 Americans ... (Source: NPR News 2011-06-23T02:12:27Z)

Deals not done In Albany, while same-sex marriage debate lingers

ALBANY -- State legislators and Gov. Andrew Cuomo were looking to wrap up most of their unfinished legislative business today, but deals continued to prove elusive. There was also no immediate decision on whether the Senate would vote to legalize same-sex marriage. (Source: Ithaca Journal 2011-06-23T03:16:53Z)

Officials: River Crest At Minot Will Hit Record Levels

Minot got some support from a hometown hero who was halfway around the world. Actor Josh Duhamel, in Moscow for the "Transformers: Dark of the Moon" premiere, asked for donations to the local Red Cross. "My heart goes out to all the incredible people of ... (Source: ClickOnDetroit.com 2011-06-23T02:33:56Z)

Hulu for sale? Company mulls offer from undisclosed bidder.

Is Hulu up for sale?  CNBC and the Wall Street Journal are reporting that the streaming-video service is mulling an unsolicited bid from a company whose identity is not being disclosed. Hulu, which scrapped plans for an IPO last December, may find more ... (Source: Venturebeat.com 2011-06-22T11:53:28Z)

Ford Looks to Protect Customers Against Bad Drivers, Smartphones

That city would have Wi-Fi communications devices added to traffic signals and could offer drivers of older vehicles kits to retrofit their vehicle to properly "talk" to its fellow autos. Additionally, all new vehicles sold in the area would come with the ... (Source: DailyTech 2011-06-23T02:41:05Z)

Deals of the Hour / June 22, 2011, 6:45 pm

Austerity Is Good

He isn't buying it any more, if he ever did. So, senior politicians and their finance ministers are going through the motions of driving a hard bargain. If they were serious, they would tell the Greek government that there will be no further bailouts ... (Source: Lewrockwell.com 2011-06-22T03:53:52Z)

Fed cuts growth forecast; no hint of more support

Prices for U.S. government bonds were nearly flat and the dollar edged up against the euro. "There are no hints of further easing from the Fed," said Nick Bennenbroek, head of Group of 20 forex strategy at Wells Fargo in New York. "The statement overall ... (Source: Reuters 2011-06-23T01:22:21Z)

Heiress Leaves $34M to Nurse in Will

The bulk of the rest of Clark's massive fortune -- an estimated $275 million -- was left to establish an arts foundation, the Bellosguardo Foundation, on her huge 24-acre estate in Santa Barbara, Calif. Clarke hadn't visited the estate in 50 years. (Source: myfoxny.com 2011-06-23T00:46:33Z)

Best Buy to downsize brick-and-mortar footprint

When it comes to retailing, big is not so beautiful anymore. Weak sales, online competition and changing consumer habits have big-box chains looking to downsize. Best Buy Co. is the latest merchant shedding space, in an initiative that stands out in both ... (Source: Los Angeles Times 2011-06-23T00:39:24Z)

Art collector Huguette Clark leaves prime Monet to Corcoran but sets up museum in Santa Barbara

But she specified that her other paintings and artifacts be shown at her $100-million, 24-acre estate in Santa Barbara, soon to be a museum. The museum will be called, like her estate, Bellosguardo, meaning "beautiful view." For more on Huguette Clark's ... (Source: Los Angeles Times 2011-06-23T00:10:46Z)

The Plague of Greek Debt Punishes Banks

With a current stock price of $40.48, JP Morgan is trading at a significant discount to its 52-week high of $48.36 reached on February 16, and below both its 50- and 200-day moving averages. JPM has $70B in global derivative liabilities through credit ... (Source: Seekingalpha.com 2011-06-22T11:24:50Z)

Montana mining heiress leaves NY fortune to arts

Artworks by Renoir, John Singer Sargent and other greats that graced Clark's New York home will be moved to her 24-acre oceanfront estate in Santa Barbara ... which means "beautiful view" in Italian. It's where she spent her youth, but has not been ... (Source: Salon 2011-06-23T01:36:40Z)

UK charges teen with cybercrimes

British police filed charges Wednesday against a teenager suspected of involvement in cyberattacks on the CIA website. Ryan Cleary, 19, has been charged with five offenses under the Computer Misuse Act, police said. One of the charges relates to bringing ... (Source: Santa Maria Times 2011-06-23T00:39:24Z)

Markets Surge as Fear of a Greek Default Eases

"There is increased optimism that one, the prime minister will survive the confidence motion tonight and two, that will pave the way for austerity measures to be passed," said Nick Stamenkovic, a strategist at RIA Capital Markets in London. "As a ... (Source: New York Times 2011-06-22T16:11:10Z)

Frontier Orders 80 Airbus Jets After Bombardier CSeries Deal

Airlines typically buy at a discount. Republic fell 17 cents, or 3.7 percent, to $4.41 at 10:13 a.m. New York time in Nasdaq Stock Market composite trading. Bombardier slid 28 cents, or 4 percent, to C$6.75 in Toronto. It dropped as much as 4.4 percent ... (Source: Bloomberg 2011-06-22T14:45:16Z)

Prosecutors Raise Possibility Casey Anthony Stole Accidental Drowning Defense From Jailmate

In Whalen's case, her son Isaiah was found Christmas Day 2007 by his grandfather at the bottom of a dirty pool that was dark green with large amounts of tree debris floating in it, according to the incident report. Attempts by the grandfather to perform ... (Source: FOX News 2011-06-22T09:51:46Z)

Internet hackers exhort others to join the 'AntiSec' movement

Seeking to fully expose all corruption and dark secrets, the two have released an Internet message that begins, "Salutations Lulz Lizards!" "As we're aware, the government and white-hat security terrorists across the world continue to dominate and control ... (Source: Catholic Online 2011-06-22T06:02:42Z)

Report: Amazon Tablet to Hit in August/Sept.

Sadly, other than a ball-park release period, these Taiwanese sources shared nothing in the way of specs, so everything is still dark on that front. We also still don't know what Amazon's vision for this device is. Last month, Amazon Chief Jeff Bezos spoke ... (Source: Tom's Guide 2011-06-23T01:08:02Z)

Airbus-Boeing Duopoly Holds Narrow-Body Startups at Bay at Paris Air Show

Commercial Aircraft Corp. of China's C919 may be most likely to mount a challenge after enlisting Ryanair Holdings Plc (RYA) as a development partner, though the Irish discount carrier is also in talks with Boeing, and analysts said a deal for the Comac ... (Source: Bloomberg 2011-06-23T00:17:55Z)

Wal-Mart's Authoritarian Culture

To these men and women, the burgeoning chain of discount stores founded by Sam Walton was a godsend ... Nelson Lichtenstein, a professor of history at the University of California, Santa Barbara, is the author of "The Retail Revolution: How Wal-Mart ... (Source: New York Times 2011-06-23T00:39:24Z)

Forex: A relieved USD climbs further up

According to Nick Nasad, Fundamental Analyst at FXTimes.com, the main takeaway from the FOMC yesterday was the increased attention on inflation both in headline and core, which according to the expert means that the Fed may have to take a slightly more ... (Source: FXStreet.com 2011-06-23T01:29:30Z)

Deals of the Hour / June 22, 2011, 4:43 pm

Nelson Mandela welcomes Obamas on Africa tour

Michelle Obama was following in the footsteps of thousands of tourists to South Africa by taking her family to the Nelson Mandela Foundation in Johannesburg to learn about apartheid when she had an offer of the best history lesson of all – to meet the ... (Source: The Guardian 2011-06-22T04:15:20Z)

Self-Help Author Convicted of Negligent Homicide in Sweat Lodge Deaths

But his multimillion-dollar self-help empire was thrown into turmoil with the sweat lodge deaths. Ray ended his seminars shortly after but has continued to offer advice throughout his trial via the Internet and social networking sites. (Source: FOX News 2011-06-22T23:13:30Z)

Former DC journalist says he's an illegal immigrant

He was denied an internship at The Seattle Times because he didn't have all the documents they required. But he kept applying and got an offer from The Washington Post. The newspaper required a driver's license, so Vargas said his network of mentors ... (Source: Bangor Daily News 2011-06-22T22:59:11Z)

Prosecutors Raise Possibility Casey Anthony Stole Accidental Drowning Defense From Jailmate

In Whalen's case, her son Isaiah was found Christmas Day 2007 by his grandfather at the bottom of a dirty pool that was dark green with large amounts of tree debris floating in it, according to the incident report. Attempts by the grandfather to perform ... (Source: FOX News 2011-06-22T09:51:46Z)

In Congress, divisions over Libya

GOP leaders also want to offer a resolution similar to the McCain-Kerry measure, but that is expected to fail in the House. The House ban, if approved by both chambers, would represent a further repudiation of President Obama 's policy and would force the ... (Source: Los Angeles Times 2011-06-22T04:22:30Z)

NY gay-marriage talks hinge on religious rights

Many states that offer gay marriage or civil unions have some religious exemptions. But in some places, Catholic adoption agencies shut down and at least one religious organization lost its tax-exempt status. Supporters of gay marriage say there are ... (Source: St. Louis Post-Dispatch 2011-06-22T22:59:11Z)

Foster's rejects A$9.5bn SABMiller bid

The company rejected an A$9.5bn ($10bn) takeover offer on Tuesday morning from SABMiller , the world's second-largest brewer by sales, claiming the bid significantly undervalued the company. But analysts predicted further machinations, either through the ... (Source: Financial Times 2011-06-22T02:42:17Z)

U.S. Mission Exposes Divisions in Congress and Within G.O.P.

The divisions came to the fore on Tuesday when Senator John McCain , an Arizona Republican, introduced a measure with Senator John Kerry , a Massachusetts Democrat, to offer President Obama official Congressional authorization for the Libyan operation. (Source: New York Times 2011-06-22T09:58:56Z)

China Resources says overseas deal possible

Global beer giant SABMiller Plc ( SAB.L )( SABJ.J ) launched a cash bid for the Australian brewer valued at A$9.5 billion ($10.1 billion), excluding debt, which Foster's rejected. Investors predicted Foster's would accept a higher offer. (Source: Reuters 2011-06-22T03:03:45Z)

Self-help author convicted of negligent homicide

But his multimillion-dollar self-help empire was thrown into turmoil with the sweat lodge deaths. Ray ended his seminars shortly after but has continued to offer advice throughout his trial via the Internet and social networking sites. (Source: Houston Chronicle 2011-06-22T23:34:58Z)

Ex-DC journalist says he's an illegal immigrant

He was denied an internship at The Seattle Times because he didn't have all the documents they required. But he kept applying and got an offer from The Washington Post. The newspaper required a driver's license, so Vargas said his network of mentors helped ... (Source: Chippewa Herald 2011-06-22T22:59:11Z)

Stocks End Lower On Bernanke Bummer

The home decor retailer is expected to report earnings of 62 cents a share. Video streaming website Hulu LLC is considering putting itself up for sale, according to news reports that cite people familiar with the situation. World markets: European stocks lost ground. (Source: Denver Channel 2011-06-22T22:44:52Z)

Lakers offer of Lamar Odom for No. 2 pick in NBA draft rejected by Timberwolves

The Lakers tried to move up in Thursday's NBA draft by offering forward Lamar Odom to Minnesota for the Timberwolves' No. 2 overall pick, but Minnesota turned them down, according to two NBA officials who were not authorized to speak publicly about the ... (Source: Los Angeles Times Blogs 2011-06-22T23:06:21Z)

Meet Britney Spears' Other Opening Act: Jessie and the Toy Boys

US : Have you had the opportunity to hang out with Britney Spears and Nicki Minaj? J: I have met Britney and she is incredible, beautiful, and very sweet and everyone around her is really sweet, too. Nicki and I have talked a little bit more and I have ... (Source: DailyFill 2011-06-22T22:52:02Z)

Deals of the Hour / June 22, 2011, 2:43 pm

Official: Andre Villas-Boas appointed as new Chelsea manager

English powerhouse Chelsea has appointed former Porto coach Andre Villas-Boas as its new manager. The Portuguese tactician has signed a three-year deal with the London giants. Chelsea was in the market for a new manager ever since the departure of Carlo ... (Source: goal.com 2011-06-22T12:50:44Z)

The Real Reboot Greece Needs

If we fail to deal with them effectively, the achievements of decades of increasing integration and shared sovereignty in postwar Europe may no longer be taken for granted. Loukas Tsoukalis is a professor of European integration at the University of Athens ... (Source: New York Times 2011-06-22T11:31:59Z)

Qantas settles with Rolls-Royce

Rolls-Royce agreed to compensate the airline in a deal worth US $100 million, Qantas CEO Alan Joyce said at a news conference. The deal was signed Wednesday morning and the terms will be kept confidential, according to Joyce. The settlement brings to an ... (Source: CNN 2011-06-22T04:15:20Z)

UPDATE 2-Struggling Nokia revamps ops, reels in Navteq

Separately, Nokia said it had closed its deal to outsource its Symbian software business to Accenture , which will take care of its development until 2016. Some 2,800 Nokia staff will transfer to Accenture as part of the deal. (Source: Reuters 2011-06-22T08:18:43Z)

Libya's Misrata hit; China shifts toward rebels

In a sign of the increasing impact of the crisis on daily life, Gaddafi's state media issued instructions ordinary people should follow "to deal with the fuel shortage." They called on people to use public transport instead of cars, avoid using air ... (Source: msnbc.com 2011-06-22T13:40:50Z)

Frontier Orders 80 Airbus Jets After Bombardier CSeries Deal

Frontier Airlines parent Republic Airways Holdings Inc. (RJET) agreed to buy 80 upgraded Airbus SAS jets, adding planes similar to the Bombardier Inc. (BBD/B) CSeries model that the carrier ordered just last year. The letter of intent is for 40 A320neo ... (Source: Bloomberg 2011-06-22T14:45:16Z)

Obama to unveil plan for Afghanistan troop withdrawal

The announcement caps weeks of speculation about the future of U.S. involvement in Afghanistan, nearly 10 years after the September 11 attacks on the United States that triggered the war in which U.S. and other Western forces have been unable to deal a ... (Source: YAHOO! 2011-06-22T21:04:39Z)

Did Nokia Win the Battle Against Apple, But Lose the War?

It's as if Nokia's CEO, Stephen Elop, is still working for his former employer, Microsoft (Nasdaq: MSFT ). He forged a deal with Microsoft to make Windows Phone 7 the primary operating system for Nokia phones. And now there are the rumors about Mr ... (Source: Seekingalpha.com 2011-06-22T13:19:22Z)

Boeing Unveils 787 Jet Under A Downpour Of Rain

With news conferences delayed, Airbus had to make due with just a written announcement for its first order of the day, a deal for six A350 long-range jets from Kuwaiti leasining company ALAFCO. Boeing, meanwhile, showcased its 787 jet, dubbed the ... (Source: NPR News 2011-06-22T10:27:34Z)

Obama to unveil plan to withdraw troops from Afghanistan

While the United States has embraced efforts to find a political settlement with the Taliban, officials acknowledge a peace deal may be far in the future even if one could be had. Obama is mindful of the American public's lack of support for the war as he ... (Source: msnbc.com 2011-06-22T05:05:26Z)

Qantas, Rolls Royce reach settlement

Qantas CEO Alan Joyce said Wednesday that the Australian airline has accepted a settlement offer from Rolls Royce of 95 million Australian dollars ($100 million). In November, a Rolls Royce engine on a Qantas A380 disintegrated shortly after takeoff from Singapore. (Source: Denver Post 2011-06-22T02:49:26Z)

Pakistan Army Officer's Suspected Militant Links Raise Fresh Fears

Other countries such as Britain, Australia and the U.S. – where free speech and association laws offer some protection – just monitor it closely. Britain is currently reviewing the group's status in the hopes of implementing a ban. Home Secretary ... (Source: Huffingtonpost.com 2011-06-22T21:26:08Z)

Nelson Mandela welcomes Obamas on Africa tour

Michelle Obama was following in the footsteps of thousands of tourists to South Africa by taking her family to the Nelson Mandela Foundation in Johannesburg to learn about apartheid when she had an offer of the best history lesson of all – to meet the ... (Source: The Guardian 2011-06-22T04:15:20Z)

Villas-Boas resigns from Porto

Villas-Boas is expected to sign an initial two-year deal with Chelseas, with star striker Falcao tipped to follow him. The Colombia international set a new goalscoring record for the Europa League last season, netting 17 goals in 14 games as Porto won the ... (Source: ESPN Soccernet 2011-06-22T06:31:20Z)

US STOCKS-Wall St set for slightly lower open; Fed decision eyed

NEW YORK, June 22 (Reuters) - U.S. stocks were set for a lower open on Wednesday as investors were cautious about the direction the Federal Reserve would take to deal with renewed weakness in the economy. U.S. stocks posted gains for the fourth straight ... (Source: Reuters 2011-06-22T12:43:34Z)

Cavs have options, starting with Irving at No. 1

With the collective bargaining agreement set to expire June 30 and owners and players far apart on a new deal, the possibility of a lockout and a shortened or canceled 2011-12 season remains. Many of the players Wednesday were asked what they would do if ... (Source: AP - NBC Sports 2011-06-22T20:57:30Z)

Obama Navigates Math and Politics With Afghan Troop Withdrawal

Fifty-seven percent say the war has contributed to the long-term security of the United States. But far fewer, 25 percent, say it has contributed "a great deal," which is the kind of payback many want to see, given the war's steep price tag. The United ... (Source: ABC News 2011-06-22T21:11:49Z)

Derrick Williams will be front and center/forward in NBA draft

Of course, above and beyond questions about him are questions about an actual NBA season. A lockout is pending if a new labor deal between the players and owners is not struck by June 30. If there is a lockout, Williams says, he could always go back to ... (Source: Los Angeles Times 2011-06-22T03:03:45Z)

Deals of the Hour / June 22, 2011, 12:44 pm

Paris Hilton confirms Cy Waits split on 'Lopez Tonight': 'The relationship ran its course'

"I've always been scared to be alone … I've never really got to know myself." 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've entertained us for hours on ... (Source: New York Daily News 2011-06-22T18:55:48Z)

Obama to unveil plan to withdraw troops from Afghanistan

While the United States has embraced efforts to find a political settlement with the Taliban, officials acknowledge a peace deal may be far in the future even if one could be had. Obama is mindful of the American public's lack of support for the war as he ... (Source: msnbc.com 2011-06-22T05:05:26Z)

American Said to Be In Talks for 100 Airbus Single-Aisle Planes

An A320 has a list price of $85 million, giving a potential American order a value of about $8.5 billion. Airlines typically buy planes at a discount. Stefan Schaffrath, a spokesman for Toulouse, France-based Airbus, said the planemaker doesn't comment ... (Source: Bloomberg 2011-06-22T19:31:36Z)

The Real Reboot Greece Needs

If we fail to deal with them effectively, the achievements of decades of increasing integration and shared sovereignty in postwar Europe may no longer be taken for granted. Loukas Tsoukalis is a professor of European integration at the University of Athens ... (Source: New York Times 2011-06-22T03:46:42Z)

Fed stance boosts the dollar

Wednesday 20.15 BST . Risk appetite weakened, though not by much, after the US Federal Reserve said it would maintain the size of its balance sheet but became a bit more cautious about the pace of inflation. Markets did not react sharply to the Fed ... (Source: Financial Times 2011-06-22T19:24:26Z)

Airbus set to unveil record plane order

OUT OF COURT DEAL Engine maker Rolls-Royce Plc and Qantas Airways Ltd said separately they had reached an out-of-court settlement over an engine explosion last year that forced an A380 to make an emergency landing. Airbus outsold U.S. rival Boeing Co in ... (Source: msnbc.com 2011-06-22T09:08:49Z)

Derrick Williams will be front and center/forward in NBA draft

Of course, above and beyond questions about him are questions about an actual NBA season. A lockout is pending if a new labor deal between the players and owners is not struck by June 30. If there is a lockout, Williams says, he could always go back to ... (Source: Los Angeles Times 2011-06-22T03:03:45Z)

Villas-Boas resigns from Porto

Villas-Boas is expected to sign an initial two-year deal with Chelseas, with star striker Falcao tipped to follow him. The Colombia international set a new goalscoring record for the Europa League last season, netting 17 goals in 14 games as Porto won the ... (Source: ESPN Soccernet 2011-06-22T06:31:20Z)

Wizards moving up for Enes Kanter?

So, now comes the speculation about a possible deal for Kanter being discussed ... When asked about rumored deals involving Minnesota and Cleveland during his news conference on Tuesday, Wizards President Ernie Grunfeld declined to comment on specifics ... (Source: Washington Post 2011-06-22T02:35:07Z)

Qantas settles with Rolls-Royce

Rolls-Royce agreed to compensate the airline in a deal worth US $100 million, Qantas CEO Alan Joyce said at a news conference. The deal was signed Wednesday morning and the terms will be kept confidential, according to Joyce. The settlement brings to an ... (Source: CNN 2011-06-22T04:15:20Z)

Greek PM survives confidence vote in parliament

He has called for a renegotiation of the initial bailout deal. Papandreou's losing the confidence vote would have likely led to early elections and thrown into question whether Greece could pass the new austerity measures. Expectations he would win lifted ... (Source: YAHOO! 2011-06-22T06:09:52Z)

Nelson Mandela welcomes Obamas on Africa tour

Michelle Obama was following in the footsteps of thousands of tourists to South Africa by taking her family to the Nelson Mandela Foundation in Johannesburg to learn about apartheid when she had an offer of the best history lesson of all – to meet the ... (Source: The Guardian 2011-06-22T04:15:20Z)

Ebert sorry for timing of 'Jackass' tweet

In response to the outcry, Ebert attempted to clarify his stance on his Chicago Sun-Times blog Tuesday. "To begin with, I offer my sympathy to Ryan Dunn's family and friends, and to those of Zachary Hartwell, who also died in the crash," Ebert wrote. (Source: United Press International 2011-06-22T19:24:26Z)

Deals of the Hour / June 22, 2011, 10:47 am

Family: Body Found on Eastside is Missing 19-Year-Old Girl

Mikhail Muhammad also said the last time he saw Kalil McCoy she was at Kooker Park and got into a dark car. McCoy, who just graduated from Andrew Jackson High School earlier this month, went missing after a family gathering on Sunday. Her cousin ... (Source: First Coast News 2011-06-22T17:01:16Z)

'Up in the Air' director Jason Reitman files for divorce from wife Michele Lee

Two years later, they welcomed their only child together, daughter Josie. 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 ... (Source: New York Daily News 2011-06-22T16:04:00Z)

Deals not done In Albany, while same-sex marriage debate lingers

ALBANY -- State legislators and Gov. Andrew Cuomo were looking to wrap up most of their unfinished legislative business today, but deals continued to prove elusive. There was also no immediate decision on whether the Senate would vote to legalize same-sex marriage. (Source: Press & Sun-Bulletin 2011-06-22T16:39:48Z)

'Transformers: Dark Of The Moon' In Moscow: Red Square, Shrek And John Malkovich

Dark of the Moon " in Russia. These are his stories. Red Square isn't really all that red. And don't come to Moscow with your own money. These and other revelations will be unleashed in the forthcoming memoir of my junket adventures. Soon to be at the ... (Source: MTV.com (blog) 2011-06-22T16:46:57Z)

Casey Anthony trial resumes after blow to defense

The convicted kidnapper, Vasco Thompson, said Tuesday he only learned who George Anthony was by watching TV. Video: Judge deals blow to Casey Anthony defense (on this page) On Tuesday, forensic botanist Jane Bock testified that Caylee Anthony's skeletal ... (Source: msnbc.com 2011-06-22T16:04:00Z)

Afghanistan presents GOP candidates with identity crisis

Lindsey Graham of South Carolina, to warn of a risky role reversal: "From the party's point of view, the biggest disaster would be to let Barack Obama become Ronald Reagan and our people become Jimmy Carter." Last weekend, the 2008 GOP nominee ... (Source: msnbc.com 2011-06-22T17:01:16Z)

Private takeover of Meadowlands, Monmouth Park tracks completed

The deals came Tuesday night after more than nine hours of negotiations at the Meadowlands Racetrack between standardbred and thoroughbred racing officials, as well as New Jersey Sports and Exposition Authority executives. Luchento said that New York real ... (Source: NorthJersey.com 2011-06-22T16:32:38Z)

Weather roundup: Drying out, cleaning up, waiting for power

Despite the debris covering their front yards and being stuck without power, they were laughing and complimenting each other for putting their eyeliner on in the dark and fixing their hair without blow dryers. (Source: Chicago Tribune 2011-06-22T16:25:29Z)

Family: Body Found Tuesday is 19-Year-Old Kalil McCoy

Mikhail Muhammad also said the last time he saw Kalil McCoy she was at Kooker Park and got into a dark car. McCoy, who just graduated from Andrew Jackson High School earlier this month, vanished after a family gathering on Sunday. Muhammad, who is also the ... (Source: First Coast News 2011-06-22T17:08:26Z)

Former postmaster to head airports authority

"He brings a lot of credibility to this organization." Two of the 13 board members, Washington, D.C., appointee Shirley Robinson Hall and Maryland appointee Richard Carter, voted against Potter's nomination, saying that they would prefer a candidate ... (Source: Fairfax Times 2011-06-22T16:25:29Z)

GOP senators key to same-sex marriage law meet privately

ALBANY — Republican senators who are key to whether there will be legalized gay marriage in New York have gone into a closed-door caucus. The gay marriage bill isn't on the immediate agenda but could be later Wednesday after talks on a tax cap, New York ... (Source: Democrat and Chronicle 2011-06-22T16:32:38Z)

Meet Britney Spears' Other Opening Act

US: Have you had the opportunity to hang out with Britney Spears and Nicki Minaj? J: I have met Britney and she is incredible, beautiful, and very sweet and everyone around her is really sweet, too. Nicki and I have talked a little bit more and I have seen ... (Source: Wonder Wall 2011-06-22T16:39:48Z)

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