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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 […]

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The Tuesday primary set the field for this fall’s elections, with Ohio’s senate, congressional and county races shaping up – while voters approved the two state bond issues on the ballot.
In one of the most-watched races, the 2nd Congressional District, incumbent Rep. Jean Schmidt will face Surya Yalamanchili, a former Procter & Gamble executive who […]

Multnomah County commissioners have signed off on building a new courthouse that will serve the board’s easternmost residents.
The board approved a $19.6 million structure at Southeast 185th Avenue and Stark Street, in Gresham’s Rockwood neighborhood. The county will sell at least $15 million worth of bonds for the project.
The building will contain three courts. A […]

The U.S. Department of Housing and Urban Development will award nearly $8 million in grants for Bexar and El Paso counties.
The grants are part of HUD’s Continuum of Care program designed to keep local homeless programs operating and prevent interruption of care. Continuum of Care programs provide permanent and transitional housing to the homeless.
The grants […]

China’s automakers may dominate their home market, now the world’s largest, but the collapse of the sale of Saab to a Chinese-backed group shows it will be a bumpy ride for them to build a global profile.
Beijing Automotive Industry Holding Corp (BAIC) ranks 10th among China’s automakers, who are looking for a short cut […]

U.S. producer prices rose more slowly than expected in October despite a rebound in food and energy costs, according to a government report on Tuesday that pointed to tame inflation pressures.
The Labor Department said the seasonally adjusted index for prices paid at the farm and factory gate rose 0.3 percent following a 0.6 percent […]

Bank of America and regulators once again urged a federal judge to uphold a $33 million settlement tied to the disclosure of Merrill Lynch bonuses.
In two separate court filings made Wednesday, both the Charlotte, N.C.-based bank and the Securities and Exchange Commission defended the proposed settlement the pair struck in early August.
The settlement […]

Apple Inc. is investigating media reports that one or more of the company’s iPhones have exploded in Europe, a European Commission spokeswoman said on Tuesday.
The spokeswoman for the EU executive, which oversees the safety of consumer products sold in the 27-country bloc, said Apple had described the reported incidents as isolated.
Apple (AAPL, Fortune 500) […]

Cash-starved small business lender CIT Group said Wednesday evening that it has been told it won’t be getting a government bailout anytime soon.
There is "no appreciable likelihood of additional government support being provided over the near term," the company said in statement. The CIT board and executives are evaluating alternatives.
Trading of CIT’s shares was […]

The number of Americans filing for initial unemployment insurance fell more than expected last week, but ongoing claims ticked higher, according to government data released Thursday.
There were 601,000 initial jobless claims filed in the week ended June 6, down 24,000 from 625,000 the previous week, the Labor Department said.
Economists expected 615,000 new […]