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The board of 3Par Inc. has accepted Hewlett-Packard Co.'s 30-a-share takeover over and notified Dell Inc. that it will rescind its previous sale agreement.
The Fremont data storage company (NYSE:PAR) must wait three days to formally accept HP's (NYSE:HPQ) offer, which is valued at $2 billion. During that time Dell (NASDAQ:HPQ) has the option of matching […]

Former Cold Stone Creamery CEO Doug Ducey is cruising to victory in the Republican primary for State Treasurer.
As of roughly 9:15 p.m. Tuesday night, Ducey had 42 percent of the vote in the GOP field. He leads former state lawmakers Barbara Leff and Thayer Verschoor easy to get unsecured personal loans.
Ducey touted his business experience […]

Economist and 2006 Nobel Peace Prize winner Muhammad Yunus is scheduled to speak at Agnes Scott College Wednesday night.

The author, banker and economics professor from Bangladesh is expected to discuss his new book, “Building Social Business.” The event, which is open to the public, is scheduled to take place at 8:15 p.m. in Presser Hall. […]

Valley of the Sun Active 20-30 Club, Scottsdale Active 20-30 Club and Kohl’s helped 100 children from the Boys & Girls Clubs of Greater Scottsdale gear up for the school year in the second annual Kohl’s Kids Spree Back to School Shopping Event Aug. 7.
Each child received a $100 gift card to select clothing and […]

The Portland Timbers are expected on Tuesday to name John Spencer head coach for the team's inaugural season of Major League Soccer, according to a report in The Oregonian.
The Business Journal reported last December that Spencer was the leading candidate for the job.
The team starts MLS play next year.
Spencer, a 39-year-old native of Glasgow, Scotland, […]

In a stunning move, Bay Commercial Bank said it raised $18 million in permanent capital as part of a fund-raising effort that could eventually bring in $53 million.
The bank raised the $18 million from Jacobs Asset Management, Commerce Street Financial Partners, Starboard Funds and other institutional and accredited investors. That money doubled the capital base […]

MobileIron has completed a $16 million Series C round of financing led by Paul Holland, general partner with Foundation Capital.
Menlo Park-based Foundation Capital joined existing investors Norwest Venture Partners, which has an office in Palo Alto, and Sequoia Capital and Storm Ventures, both of Menlo Park, in the financing.
Mountain View-based MobileIron makes software that manages […]

The state of California’s attempt to sell of EdFund has been disallowed by federal officials.
For years the state has sought to sell EdFund, the student loan servicing auxiliary of the California Student Aid Commission, as part of a way to raise money to bridge the state’s perennial budget problems.
In fiscal 2008-09, EdFund processed $10.3 billion […]