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 23, 2011, 10:44 pm

Asia Dominates Paris Air Show

The AirAsia deal, worth $18 billion at list prices, followed IndiGo's order for 180 A320 and A320neo planes. Go Airlines (India) Ltd., Cebu Pacific and PT Garuda Indonesia also agreed to orders or commitments for another 127 A320-family planes during the exhibition. (Source: Bloomberg 2011-06-24T05:24:33Z)

Airbus Wins Record $18 Billion AirAsia Deal for 200 Neo Jets

By Andrea Rothman - Thu Jun 23 10:51:43 GMT 2011 Airbus SAS won 200 orders for its A320neo jetliner from Malaysian discount carrier AirAsia Bhd. (AIRA) , the biggest deal in the European planemaker's history by aircraft numbers with a value of $18 ... (Source: Bloomberg 2011-06-23T10:55:01Z)

Cavs take Irving with No. 1 pick

7. However, the 18-year-old Biyombo, who has a 7-foot-7 wingspan, became the property of the Charlotte Bobcats thanks to a three-team deal involving Milwaukee. Detroit took Kentucky point guard Brandon Knight at No. 8. Coming off a freshman season in which ... (Source: Sports Network 2011-06-24T05:03:04Z)

Markets Surge as Fear of a Greek Default Eases

The Federal Reserve began a two-day meeting that ends Wednesday, when Fed watchers hope to learn more about the United States central bank's policy to deal with an economy that shows signs of slowing while underlying inflation pressures build. (Source: New York Times 2011-06-22T16:11:10Z)

Situation in N.D. Worsens as Water Rises Rapidly

Loose clothes and dark trash bags could be seen floating in the Souris, cast off by departing residents. Broadway Bridge, on a major north-south artery, was closed around midday and officials fretted over the possible closure of other bridges that would ... (Source: FOX News 2011-06-24T05:17:23Z)

Minot gets ready for disaster

Loose clothes and dark trash bags could be seen floating in the Souris, cast off by departing residents. Broadway Bridge, on a major north-south artery, was closed around midday and officials fretted over the possible closure of other bridges that would ... (Source: Wichita Eagle 2011-06-24T05:03:04Z)

Dana MIlbank: Job growth inches along

"We've ended our combat mission in Iraq, with 100,000 American troops already out of that country. And even as there will be dark days ahead in Afghanistan, the light of a secure peace can be seen in the distance." To be sure, the president was ... (Source: St. Louis Post-Dispatch 2011-06-24T04:55:55Z)

Harry Potter wizard series will join the e-book world

Harry Potter battled the forces of evil and now is set to conquer the web -- coming to e-books in a groundbreaking deal that has delighted fans but alarmed the book industry that helped make creator J.K. Rowling a billionaire. Rowling announced Thursday ... (Source: Florida Today 2011-06-24T05:17:23Z)

Airbus wins record $18 billion order from AirAsia

The deal wrapped up a frenetic biennial air show which demonstrated a shift in the balance of power in the industry. AirAsia and IndiGo are now Airbus's first and second largest airline customers, lagging only the U.S. leasing giants ILFC and GECAS ... (Source: msnbc.com 2011-06-23T14:36:55Z)

Digest: Trades of Mike Richards and Jeff Carter shake up Philadelphia Flyers' roster

Later in the day, the Flyers announced they signed the goalie to a multiyear contract. TSN reported it was a $51 million, nine-year deal. The Flyers acquired the rights to Bryzgalov earlier this month from Phoenix. Richards was traded for forwards Brayden ... (Source: San Jose Mercury News 2011-06-24T05:03:04Z)

Republicans bail on budget talks, blaming Democrats

Washington — Republicans pulled out of debt-reduction talks led by Vice President Joe Biden with a flourish on Thursday, blaming Democrats for demanding tax increases as part of a deal rather than accepting more than $1 trillion in cuts to Medicare and ... (Source: Detroit News 2011-06-24T05:03:04Z)

Cavaliers take Duke's Irving with No. 1 pick in NBA draft

There was no chance the Cavs would deal Irving, confident his foot is healthy enough to lead the rebuilding effort that follows LeBron James ' departure. Loudly cheered by family and friends not far from where he starred at St. Patrick's High School in ... (Source: USA Today 2011-06-24T04:55:55Z)

Debt Ceiling Talks: Republicans Bail, Blame Democrats

WASHINGTON -- Republicans pulled out of debt-reduction talks led by Vice President Joe Biden with a flourish on Thursday, blaming Democrats for demanding tax increases as part of a deal rather than accepting more than $1 trillion in cuts to Medicare and ... (Source: Huffingtonpost.com 2011-06-24T05:10:14Z)

Stocks post third straight day of gains

The deal will make PNC the fifth biggest U.S. bank with 2,870 branches. Whole Foods Market Inc. gained 2.2 percent after a BMO Capital Markets analyst upgraded the stock following a recent sell-off. And Wal-Mart stores Inc. rose 0.4 percent after the ... (Source: Yahoo Finance 2011-06-23T14:08:17Z)

Kings pluck Richards from Flyers in blockbuster deal that should pump up the L.A. offence

Philadelphia moved quickly after clearing much-needed cap space, and agreed with goalie Ilya Bryzgalov on a long-term deal. The Flyers were swept by Boston in the second round of the playoffs, one year after losing to Chicago in the 2010 Stanley Cup finals ... (Source: FOX News 2011-06-24T04:48:45Z)

In the news: New-look Flyers trade pair

whose signing is said to be imminent. The Flyers acquired the rights to Bryzgalov, 30, this month in a deal with the Phoenix Coyotes. The Flyers moved out over $100 million in salary in Thursday's deals that sent Richards to the Los Angeles Kings and ... (Source: Memphis Commercial Appeal 2011-06-24T04:55:55Z)

Deals of the Hour / June 23, 2011, 8:46 pm

Stocks drift higher ahead of the Fed

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 ... (Source: CNN Money 2011-06-22T15:21:03Z)

Deals of the Hour / June 23, 2011, 6:47 pm

Same-sex couples make up 1 of 100 CA households

New census figures show that one of every 100 California households is made up of cohabitating same-sex couples, the highest proportion among the seven states for which detailed demographic data has been released so far. The U.S. Census Bureau reported ... (Source: Santa Maria Times 2011-06-24T00:52:32Z)

FTC to Serve Google With Subpoenas in Broad Antitrust Probe

Surfboards lean against a wall at the Google office in Santa Monica, California. The U.S. Federal Trade Commission is poised to serve Google with civil subpoenas, according to people familiar with the matter, signaling the start of a wide-ranging ... (Source: FOX News 2011-06-24T01:28:19Z)

NFL owners, players meet again

A right-of-first-refusal option would allow teams to match any offer that its free agent player signs with another club; in essence, operating under the "transaction" tag model in the previous collective bargaining agreement. It would seem to be an ... (Source: ESPN.com 2011-06-24T01:35:29Z)

Whitey Bulger, a savvy, feared fugitive, is found frail and paranoid

But soon after Bulger was lured out of a Santa Monica apartment on Wednesday and arrested at long last, it became clear that the reputed mobster was an old and ailing man living a quiet life. The end did not come in a hail of gunfire, as he'd once ... (Source: Los Angeles Times 2011-06-24T01:28:19Z)

Rory McIlroy is not alone in skipping PGA Tour membership

The 1992 Masters champion noted the pain he feels these days is like nothing he's previously experienced, and on the flight home to Santa Barbara, Calif., he actually had to sit with his legs up. The 51-year-old has tried to play through the discomfort ... (Source: Regina Leader-Post 2011-06-24T00:59:41Z)

Google Offers Holding Its Own Against Groupon in Portland

Google may have a shot at entering the daily deals market despite being very, very late to it. After Groupon turned down Google's $6 billion offer, the online search giant boldly decided to start from scratch and build its own service. Now after 22 days ... (Source: All Things Digital 2011-06-22T19:53:04Z)

How Whitey Bulger Evaded The FBI For 16 Years

But the reality was a lot more mundane -- it turns out that he spent at least 14 years living in a rent-controlled apartment a few blocks from the beach in Santa Monica, Calif. Bulger's hiding in plain sight recalls the recent capture of Osama Bin Laden ... (Source: Huffingtonpost.com 2011-06-24T01:14:00Z)

Timberwolves grab Williams at No. 2

In the end, they couldn't find an offer they liked enough to pass up on the explosive, 6-foot-8 forward. The Timberwolves also had the 20th pick in the first round. Kahn made the decision without coach Kurt Rambis in the room. The coach was watching the ... (Source: Bay News 9 2011-06-24T01:06:51Z)

Cars 2': Pixar stalls out | 2 stars

So many puns. When characters Brent Mustangburger (voiced by sportscaster Brent Musburger) and Darrell Cartrip (NASCAR driver Darrell Waltrip) show up as race announcers, they offer the same low-level rung of cleverness as the stone-age names (e.g. Cary ... (Source: Kansas City Star 2011-06-24T00:59:41Z)

NBA Draft live blog: Irving goes No.1; foreign players dominate early

7:48 : So far there have been major fashion statements made as in year's past. Both Irving and Williams wore dark suits. Very fashionable but a long way from Jalen Rose's red pinstripes. Maybe Kawhi Leonard will rise to the challenge. 7:44 : With the No. (Source: Tucson Citizen 2011-06-24T00:45:22Z)

NFP Scouting Series: Ohio State

However, isn't real rangy in space, struggles to get back up to speed quickly and looks limited when asked to cover a lot of ground. Impression: A nice college linebacker who simply doesn't offer enough physically in my mind to warrant a draftbale grade. (Source: Collegebaseball.rivals.com 2011-06-22T16:04:00Z)

Boston mob boss was hiding in plain sight

SANTA MONICA, Calif. — As the FBI chased leads on two continents ... who was partial to baseball caps and dark sunglasses, kept a low profile. He would divert his eyes every time he got into the elevator with other people. Josh Bond, a property manager ... (Source: Houston Chronicle 2011-06-24T01:28:19Z)

Dining News: Capital Pub & Hot Dog to offer gourmet dogs with unusual toppings

It is the creation of Terri Roberts, who also owns Terri's Frame Shop in the same strip mall with the yogurt place. Yo2Go will offer a revolving selection of flavors, 12 at one time, and six different combinations, or twists, of two flavors. This will be a ... (Source: Des Moines Register 2011-06-24T01:14:00Z)

DC investigating police escorts for 17 celebrities

She said dozens of other escorts — including to college and professional sports teams and their owners, Santa Claus and the Cherry Blossom Princess — have been granted during the same time. She said many other public figures, including Jon Stewart and ... (Source: Boston Herald 2011-06-24T01:21:10Z)

Pottermore Pros And Cons: Our Reactions To 'Harry Potter' Site

Some of what we initially speculated about the site is true; plenty is not. Pottermore.com will offer fans a free, online reading experience including, according to a press release, "extensive new material about the characters, places and objects in the ... (Source: MTV.com (blog) 2011-06-24T01:21:10Z)

Deals of the Hour / June 23, 2011, 2:43 pm

'Transformers' holds world premiere in Moscow

Stars from the $200-million, 3D blockbuster "Transformers: Dark of the Moon" will grace the red carpet at the 33rd Moscow International Film Festival -- a rare world premiere in the Russian capital, which is increasingly beating Western rivals for the ... (Source: Cleveland News - Fox 8 2011-06-23T20:56:18Z)

EU to pressure Greece amid bank rollover talks

STRESS THE POSITIVE In an attempt to offer positive incentives to Greeks ... (Additional reporting by Martin Santa in Bratislava, Ben Deighton and Robert-Jan Bartunek in Brussels, George Georgiopoulos and Lefteris Papadimas in Athens; Writing by Paul ... (Source: msnbc.com 2011-06-23T10:04:54Z)

The Best Stocks for the Rest of 2011

But Foolish investors like us know that lower prices mean an opportunity to find bargain-priced stocks ... The stocks are reasonably priced, offer very attractive dividends, and even give you great downside protection as some investors grow concerned ... (Source: Motley Fool 2011-06-22T19:17:17Z)

Airbus-Boeing Duopoly Holds Upstarts at Bay

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 2011-06-23T11:16:29Z)

Famed crime boss James 'Whitey' Bulger arrested in Santa Monica

Legendary Boston crime boss James "Whitey" Bulger, who has been on the run for more than a decade, was arrested Wednesday in Santa Monica, multiple law enforcement sources told The Times. Bulger, 81, has been the subject of several books and was the ... (Source: Los Angeles Times 2011-06-23T05:54:22Z)

What's next for Hulu?

Hulu declined to comment and declined to say whether Kilar has committed to remain with the Santa Monica company. The outcome of the sale may determine whether Kilar stays or goes. (Source: Los Angeles Times 2011-06-23T21:17:47Z)

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)

FTC to Serve Google With Subpoenas in Broad Antitrust Probe

Surfboards lean against a wall at the Google office in Santa Monica, California. The U.S. Federal Trade Commission is poised to serve Google with civil subpoenas, according to people familiar with the matter, signaling the start of a wide-ranging ... (Source: FOX News 2011-06-23T21:17:47Z)

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. "We assume AMR is attempting to seek out price concessions from Boeing" or urge 737 efficiency gains ... (Source: Bloomberg 2011-06-23T10:55:01Z)

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)

Whitey Bulger arrest sheds perspective on Pakistan

James "Whitey" Bulger's arrest Wednesday night in Santa Monica shows that it is entirely possible for a fugitive to hide in plain sight just as Osama bin Laden did in Pakistan. Will this help change the view of many Americans who are convinced that ... (Source: Los Angeles Times 2011-06-23T20:49:09Z)

Barca underline Fabregas stance

"[Pep] Guardiola knows the values of players and Cesc's is less than ¬40million. Barcelona will offer less and if they don't accept, then he won't come. Pep knows the club is not well-off in terms of money." (Source: ESPN Soccernet 2011-06-22T07:42:55Z)

AIRSHOW-WRAPUP 3-AirAsia rules Paris with record order

Industry analysts say the rush of orders may put pressure on Boeing to make up its mind whether to re-engine its competing 737 airplane in 2016 or wait a few years longer and build an all-new model from scratch to offer even greater benefits. Boeing has ... (Source: Reuters 2011-06-23T10:12:04Z)

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)

Casey Anthony's mother testifies

Still more slides were shown during prosecutor Jeff Ashton's cross examination, as he attempted to assure jurors that experts could indeed identify hair from a dead body through the microscopic identification of specific dark areas on the hair. Separately ... (Source: msnbc.com 2011-06-23T21:03:28Z)

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)

Why Google should buy Hulu.

The negotiations about these restrictions have been tense. Last year, Hulu CEO Jason Kilar threatened to quit when executives rejected his plan to offer Hulu Plus for $5 a month rather than $10. That time, the two sides managed to compromise: Hulu Plus now ... (Source: Slate 2011-06-23T21:32:06Z)

Google Offers Holding Its Own Against Groupon in Portland

Google may have a shot at entering the daily deals market despite being very, very late to it. After Groupon turned down Google's $6 billion offer, the online search giant boldly decided to start from scratch and build its own service. Now after 22 days ... (Source: All Things Digital 2011-06-22T19:53:04Z)

Video made in Maine leads FBI to most-wanted mobster

There's one fugitive with a $1 million price on his head, and the others offer $100,000 each ... an impromptu editing suite set up in the dining room. Initially, as the dark cars and serious agents came into the housing development, it was a bit ... (Source: Bangor Daily News 2011-06-23T20:56:18Z)

Deals of the Hour / June 23, 2011, 12:44 pm

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)

Biden Group Members Oppose Short-Term Debt Limit Extension

Durbin said he would support a deal with an initial "serious down payment" on deficit reduction, combined with a short-term debt-limit increase. He said that could be followed by a larger package to curb deficits that would reach at least $4 trillion ... (Source: BusinessWeek 2011-06-22T23:27:49Z)

Serena comeback gathers pace after sticky start

That's all. That's all I can do right now." More used to playing her matches on the enclosed surroundings of Center Court, Williams took a while to find her range as the wind swirled and dark clouds loomed above the snug 4,000-seater arena. She later ... (Source: FOX News 2011-06-23T19:23:15Z)

How to Benefit from Depressed Housing and a Declining Dollar

For many foreigner buyers, the depressed US housing market, combined with the falling value of the US dollar, has moved American homes and condominiums to the discount shelf ... [insert chart – real bargain] That's a big reason why Brazilians are ... (Source: The Business Insider 2011-06-23T19:30:24Z)

Coalition Calls for 'Cut, Cap, And Balance' on Capitol Hill

LL: Based on the schematics of the House, Tea Party members are not necessary to pass a debt ceiling deal. As long as GOP House Leadership can get the moderates on both sides of the aisle to agree, (as they did with the passage of the 2011 budget), they ... (Source: CNBC 2011-06-22T20:36:01Z)

Googleopoly: The Definitive Guide To Antitrust Investigations Against Google

Plenty of opponents lined up against the deal, but Google won FTC approval in December 2007 and later EU approval in March 2008. Some background stories: In November 2008, Google pulled out of a proposed deal to power Yahoo's search results, over fears ... (Source: Searchengineland.com 2011-06-23T19:23:15Z)

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

Airlines typically buy planes at a discount. "We assume AMR is attempting to seek out ... No major U.S. airline has yet ordered from the A320neo family, so a deal with American would bolster Airbus's efforts to market the model to other large carriers. (Source: Bloomberg 2011-06-23T10:55:01Z)

Report: Porto's Radamel Falcao could follow Andre Villas-Boas to Chelsea

Falcao has a contract until the summer of 2013 with Porto, but has a minimum fee release clause of €30 million inserted into his deal. Chelsea appear to be ready to meet the terms and is willing to offer the 25-year-old an annual salary of €5.7m. (Source: YAHOO! 2011-06-23T12:13:45Z)

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)

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)

Potter Adventures To Be Continued... Online

"It was right for me and Harry to go at it ourselves," Rowling said about the deal. The author also said she was inspired by the hundreds of letters she received every week from fans around the world and wanted to "give something back." The Potter series ... (Source: KCRA.com 2011-06-23T19:30:24Z)

Google facing wide-ranging US antitrust probe: WSJ

Several online travel sites, including Expedia, Kayak and Travelocity, had sought to block the Google-ITA deal, claiming it would give Google too much control over the lucrative online travel market and lead to higher prices. In late March, the FTC reached ... (Source: The Vancouver Sun 2011-06-23T19:30:24Z)

Stocks Cut Losses On Greek Deal Pipe Dream

A Reuters report Thursday afternoon said Greece has reached a deal with the European Union and the International Monetary Fund on a new five-year austerity program, helping Wall Street shed some of its heavy losses Thursday afternoon, even though such an ... (Source: Forbes (blog) 2011-06-23T19:23:15Z)

Democrats push for jobs package in debt deal

The report by the nonpartisan Congressional Budget Office adds urgency to the work of negotiators, led by Vice President Joe Biden, who are trying to find trillions of dollars in savings as part of a deal that would allow Congress to sign off on new ... (Source: msnbc.com 2011-06-22T23:27:49Z)

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)

Markets Surge as Fear of a Greek Default Eases

The Federal Reserve began a two-day meeting that ends Wednesday, when Fed watchers hope to learn more about the United States central bank's policy to deal with an economy that shows signs of slowing while underlying inflation pressures build. (Source: New York Times 2011-06-22T16:11:10Z)

Harry Potter and the Amazing Exploding Book Industry

Hocking was signed to a $2-million publishing deal.Some other authors, meanwhile, have gone in the opposite direction, turning down traditional publishing deals in order to sell directly to their readers. J.K. Rowling may have just discovered the virtues ... (Source: BusinessWeek 2011-06-23T19:23:15Z)

NATO chief tries to repair cracks over Libya

In a sign of the increasing impact of the crisis on daily life, Libyan state media issued instructions that ordinary people should follow to deal with a shortage of fuel. They called on people to use public transport instead of cars, avoid using air ... (Source: msnbc.com 2011-06-23T09:50:35Z)

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)

AIRSHOW-WRAPUP 1-AirAsia becomes biggest Airbus airline

LE BOURGET, France, June 23 (Reuters) - AirAsia thundered into the Paris Air Show with an expected order for 200 revamped A320neo jets plus 100 options on Thursday -- a $17 billion deal making the Malaysian firm Airbus's largest airline. AirAsia chief ... (Source: Reuters 2011-06-23T08:10:22Z)

Italy ceasefire call exposes NATO split on Libya

Time is now a crucial factor for both sides in the conflict, with unity in the NATO-led coalition likely to come under more strain and Gaddafi having to deal with the economic impact of international sanctions. In a sign of the increasing impact of the ... (Source: YAHOO! 2011-06-22T23:27:49Z)

Google facing wide-ranging US antitrust probe: Reports

Several online travel sites, including Expedia , Kayak and Travelocity, had sought to block the Google-ITA deal, claiming it would give Google too much control over the lucrative online travel market and lead to higher prices. In late March, the FTC ... (Source: Economic Times 2011-06-23T19:16:05Z)

Deals of the Hour / June 23, 2011, 10:43 am

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)

FDA Leaves Silicone Implants on Market Despite Risks

Silicone breast implants were allowed back onto the U.S. market for cosmetic purposes in 2006, after their sale was sharply curtailed by the FDA in 1992 over perceived safety issues. "Despite frequent local complications and adverse outcomes, the benefits ... (Source: Wall Street Journal 2011-06-22T23:20:39Z)

Fed to Maintain Stimulus After Ending Treasury Purchases

"We expect the recovery will continue to be slow and uneven, particularly for more moderate-income households," Gregg Steinhafel , chairman and chief executive of Minneapolis- based Target Corp., the second largest U.S. discount retailer, told investors last month. (Source: Bloomberg 2011-06-22T17:01:16Z)

Europe debt crisis shadows Fed meeting on economy

The Fed could resume that effort if the European crisis worsened. It could also pursue stepped-up lending to financial firms through its emergency loan program, called the discount window. And it could resume the unorthodox loan programs it used during the ... (Source: Yahoo Finance 2011-06-23T04:49:56Z)

The Best Stocks for the Rest of 2011

So below, I present five stocks that I think will continue to do well, regardless of the concerns above. The stocks are reasonably priced, offer very attractive dividends, and even give you great downside protection as some investors grow concerned about ... (Source: Motley Fool 2011-06-22T19:17:17Z)

Scary enough to quit? New cigarette labels revealed

Sebelius said their goal is to stop children from starting to smoke and offer adults who want to quit some help ... Some experts have cited tobacco company discount coupons on cigarettes or lack of funding for programs to discourage smoking or to help ... (Source: msnbc.com 2011-06-22T17:51:23Z)

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)

JPMorgan, Credit Suisse Top Greenwich's U.S. Equity Broker List

The largest brokers, including Goldman Sachs in New York and Bank of America in Charlotte , North Carolina , offer more services than other securities ... To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net (Source: Bloomberg 2011-06-23T17:21:34Z)

Greek vote eases market fears ahead of Bernanke

"We do not expect any indications that a further round of Treasury purchases is likely, nor do we expect the Fed to suggest it is likely to move to less accommodative monetary policy any time soon," said Nick Bennenbroek, head of currency strategy at Wells ... (Source: AP - msnbc.com 2011-06-22T15:56:51Z)

Stocks drift higher ahead of the Fed

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 ... (Source: CNN Money 2011-06-22T15:21:03Z)

TMZ: Sean Kingston Released from Hospital

GOD IS GREAT! Thanks for all the prayers and support! Love you ALL!" Most famous for his hit single "Beautiful Girls," Kingston has released two studio albums since his career took off in 2007. The Jamaican-American singer frequently appears as a guest in ... (Source: My Fox Boston 2011-06-23T16:52:56Z)

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 2011-06-23T17:07:15Z)

'Pottermore' Secrets Revealed: J.K. Rowling's New Site is E-Book Meets Interactive World

Fans will have 18,000 words of new Harry Potter content to devour in a matter of hours. Meanwhile, Rowling has deftly cornered the market on proceeds from the sale of her books online, without having to pay Apple or Amazon one galleon. ( LIST: Top 10 ... (Source: YAHOO! 2011-06-23T17:14:24Z)

Barca underline Fabregas stance

"[Pep] Guardiola knows the values of players and Cesc's is less than ¬40million. Barcelona will offer less and if they don't accept, then he won't come. Pep knows the club is not well-off in terms of money." (Source: ESPN Soccernet 2011-06-22T07:42:55Z)

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)

Jon Huntsman: The new JFK, Reagan, or McCain?

"never found a way to offer voters more than his star-spangled resume." 3. Ronald Reagan The comparison Huntsman is clearly hoping to elicit is with the Gipper, says Paul Bentley at the Daily Mail . He was a staffer in the Reagan White House, has a picture ... (Source: The Week Magazine 2011-06-23T17:00:05Z)

Deals of the Hour / June 23, 2011, 8:50 am

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

McCoy made a phone call while still at the park, said Lynnette Roebuck, then about 20 minutes later, a dark car arrived, and she got in and disappeared. McCoy's body was found in a canal in the woods next door to a day care owned by McCoy's cousin Tuesday ... (Source: First Coast News 2011-06-23T14:36:55Z)

Alstom, Carrefour, Galp Energia, Total: Europe Equity Preview

The shares gained 2.2 percent to 38.88 euros. --Editor: Jeff Sutherland To contact the reporter on this story: Victoria Stilwell in New York at vstilwell@bloomberg.net To contact the editor responsible for this story: Nick Baker at nbaker7@bloomberg.net (Source: BusinessWeek 2011-06-22T04:15:20Z)

Lady Gaga, in Tokyo for benefit concert, urges fans to visit Japan, says it's safe

"It's fine to come here. It's beautiful." Many performers and athletes have canceled appearances in Japan after the March 11 earthquake and tsunami that caused widespread destruction and set off a crisis at the Fukushima Dai-ichi nuclear power plant about ... (Source: Chicago Tribune 2011-06-23T14:15:27Z)

Rowling Releases 'Harry Potter' Into the Ether on Pottermore

Harry Potter is coming to the e-book. J.K. Rowling, the author behind the blockbuster fantasy series, said at a news conference in London on Thursday that a new interactive Web site built around the series will also sell the e-book editions of the seven ... (Source: New York Times Blogs 2011-06-23T14:36:55Z)

Heisey Hits 3 HRs, Reds Beat Yanks 10-2 For Split

"It relaxes you. Nobody likes to go 0 for 4 or 0 for 5. One home run's a good day, let alone three." Cueto (5-2) gave up Nick Swisher's solo homer and Alex Rodriguez's single. The right-hander pitched out of a bases-loaded threat in the seventh, retiring ... (Source: NBC4 Columbus 2011-06-23T14:51:14Z)

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)

Wal-Mart Gets A Free Pass For Bias From The Supreme Court

In ROC-N.Y.'s first study, interviews with employers revealed their rationale for raced and gendered decisions. They wanted "tall, beautiful" people in the front of the house jobs -- these are the workers who make more money and actually speak to diners. (Source: Huffingtonpost.com 2011-06-23T15:19:52Z)

Lady Gaga wants to boost Japan tourism

"It's fine to come here. It's beautiful." Many performers and athletes have canceled appearances in Japan after the March 11 earthquake and tsunami that caused widespread destruction and set off a crisis at the Fukushima Dai-ichi nuclear power plant about ... (Source: msnbc.com 2011-06-23T15:27:02Z)

Rizzo's RBI lifts Padres to 5-4 win over Red Sox

He allowed two runs when he walked five consecutive batters—Maybin, Nick Hundley, Chris Denorfia, Jason Bartlett and Headley. Then Ludwick flied out. Aceves set down the first two batters in the third before getting into trouble again. Rizzo doubled and ... (Source: San Jose Mercury News 2011-06-22T03:03:45Z)

Padres 5, Red Sox 4

He allowed two runs when he walked five consecutive batters - Maybin, Nick Hundley, Chris Denorfia, Jason Bartlett and Headley. Then Ludwick flied out. "I lost command," he said. "I lost command and was trying to keep the ball down." Aceves set down the ... (Source: NBC Sports 2011-06-22T04:36:49Z)

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)

Yankee Magic Wears Off in the Evening

might have caused Tuesday's rainout, pitched very well before running into trouble in the seventh. Alex Rodriguez, Nick Swisher and Robinson Cano, pinch hitting for Eduardo Nunez, loaded the bases with one out to give Ramiro Pena a shot at chipping away at ... (Source: NBC New York 2011-06-23T14:29:46Z)

Heisey's 3 home runs help Reds beat Yankees for split

"It relaxes you. Nobody likes to go 0 for 4 or 0 for 5. One home run's a good day, let alone three." Cueto (5-2) gave up Nick Swisher 's solo homer and Alex Rodriguez 's single. The right-hander pitched out of a bases-loaded threat in the seventh ... (Source: USA Today 2011-06-23T15:05:33Z)

Family Begs For Tips At Vigil For Murdered 19-year-old | SLIDESHOW

"We're going to make it mean something." Witnesses say McCoy was last seen getting into a dark car at the park. "You wanna say your prayer, say your prayer," Roebuck shouted toward the crowd at the vigil. "But I'll tell you this, if you know what happened ... (Source: First Coast News 2011-06-23T14:51:14Z)

Lady Gaga pays visit to Japan

"It's fine to come here. It's beautiful." Since the March 2011 natural disaster, Japan's National Tourism Organization reports that tourism fell 73 percent compared to March 2010. Gaga, sporting an aquarium wig, urged people across the world to visit the Asian country. (Source: The Celebrity Cafe.com 2011-06-23T14:29:46Z)

Movie Review: 'Bad Teacher' (With Video)

But sometimes, twisted little nuggets of kindness inadvertently pop out, as in her admonishment of a nerdy, lovesick student to get over the pretty, popular girl in class. She'll never like him, Elizabeth tells him, figuring she's doing him a favor by ... (Source: Delaware County Daily Times 2011-06-23T14:29:46Z)

Monster Mash: 'How to Succeed in Business Without Really Trying' stagehand dies; Philadelphia Symphony to get $45-million stimulus

Associated Press ) Where's the money? Financial statements detail how "Spider-Man: Turn Off the Dark" has spent $75 million -- more than twice as much as any production in Broadway history. ( New York Times ) After a long delay: A fair frequented by ... (Source: Los Angeles Times 2011-06-23T14:36:55Z)

Pottermore: Our Top-Five Wish List For J.K. Rowling's New Site

Alan Rickman could instruct a brief beginner-level Defense Against the Dark Arts Class? We'll even settle for video clips from the movies popping up every now and again. Also, if Rowling is taking the time to make this special announcement, we're hoping ... (Source: MTV 2011-06-23T14:44:05Z)

Miss USA remembers roots as a Jersey girl

This ain't your mother's beauty queen: She's enamored fans across the board already with her talk of being a history buff, a fan of HBO's medieval fantasy series "Game of Thrones,'' and a "Star Wars'' lover. The model and commercial ... (Source: Courier-Post 2011-06-23T15:27:02Z)

Strange twists abound in Padres win

San Diego's next two runs scored the next time the bottom of the lineup came up in the third on three straight two-out hits -- a double by Rizzo off the Green Monster in left, an RBI single by Cameron Maybin, a steal by Maybin and an RBI double by Nick Hundley. (Source: San Diego Union-Tribune 2011-06-22T05:41:14Z)

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