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 it.

Dell on Friday morning matched HP's $1.8 billion offer, only to have it topped.

Dell said simply on Saturday that it is assessing the situation, offering no indication of what it intends to do business cards.

In addition to the three-day waiting period, 3Par's agreement with Dell calls for a $72 million breakup fee if a competing offer is accepted.

The bidding started at $18 a share on Aug. 16 when Dell announced that it would buy 3PAR for $1.15 billion, or $18 a share.

For continuing coverage of the bidding war for 3Par click here.

Click here to read the 3Par press release.

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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 in the race, and this run could be a precursor to running for governor or U.S. Senate.

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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. There is no admission fee.

Yunus is responsible for creating the concepts of microcredit and microfinance. These concepts are based on his belief that poor entrepreneurs can succeed if given access to very small loans with affordable interest rates that traditional banks do not provide cash till payday.

Yunus put these concepts into practice at his own Graneen Bank, for which he and the lending institution he created were awarded the Nobel Prize in 2006. In 2009, Yunus received the Presidential Medal of Freedom from President Obama.

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Each child received a $100 gift card to select clothing and other items at the Kohl’s store located at 8680 E. Raintree Drive in Scottsdale. Volunteer chaperones were on hand to help with the purchases. The shopping event also included a healthy breakfast donated by Scottsdale Healthcare.

The event allows civic groups and businesses to engage directly with the kids who may otherwise return to school without the basic essentials like clothes, shoes and backpacks, Steve Davidson, president and CEO of the group.

For more: www.vos2030az.org, 602-452-2030.

Donations

DM Productions LLC provided $50,000 in pro-bono marketing services to three nonprofits: Grand-prize winner Heritage Museum of Orange County received $25,000 toward its mission of preserving the heritage of Orange County; Westbrook Village Players of Peoria, which involves the elderly and children in theater, received a new website; and Desert Foothills Land Trust of Carefree received a video promoting the organization’s effort to preserve the Sonoran Desert.

Balsz Elementary School received $5,000 from Desert Schools Federal Credit Union to help fund programs that prepare students for AIMS Math testing and ongoing education. The credit union also donated six personal computers and four printers.

Arizona Women’s Education and Employment received $300,000 from the U.S. Department of Labor to provide pre-release guidance for veterans who are incarcerated or in the process of entering into the work force. Through its Veterans Employment and Transition Project, AWEE Career Development Specialists will work with up to 100 veterans over the next 12 months.

With a final boost of more than $40,000 from its Spring Challenge Campaign, Rosie’s House: A Music Academy for Children exceeded its goal of raising $30,000 for its summer charity campaign. The free music education program serves inner-city youth.

Breaking its record for the second consecutive year, St. Mary’s Food Bank Alliance distributed 72.3 million pounds of food during fiscal 2010. That is a 6.8 percent increase over fiscal 2009, when the alliance recorded its highest total since it was founded by John van Hengel in 1967. Officials say, however, the numbers show the growing need for emergency food in Arizona.

Opportunities

The Chandler/Gilbert Family YMCA is looking for donations for its Back To School Drive. Drop-off locations include YMCAs at 1655 W. Frye Road in Chandler and at Power Ranch, 4546 E. Haven Crest in Gilbert. For more: http://www.valleyymca.org/chandlergilbert/news.cfm or 480-899-9622.

The 11th Annual Juvenile Diabetes Research Foundation’s Walk to Cure Diabetes is scheduled for Oct. 30 and will be presented by GoDaddy.com. The event draws about 20,000 participants and will feature a circus theme. For more: http://walk.jdrf.org, (602)224-1840.

Hula’s Modern Tiki is supporting Friends of Animal Care & Control during its Mahalo Mondays promotion in August with the group receiving 10 percent of gross proceeds. The program aims to decrease the number of homeless animals by funding free spay and neuter services through Maricopa County Animal Care & Control’s Spay Neuter Assistance Program. Last year, more than 11,000 animals were spayed or neutered at no-cost. For more: www.azfaccs.org, www.hulasmoderntiki.com.

Treasures 4 Teachers and Arizona Clean & Beautiful are asking for assistance after sustaining severe building damage in a monsoon storm July 29. The roof over the agencies’ shared office in Tempe collapsed, flooding the offices and damaging contents. For more: www.arizonacleanandbeautiful.org, www.treasures4teachers.org, MaryLynn@arizonacleanandbeautiful.org .

Southwest Human Development, the Central and Northern Arizona Easter Seals affiliate that provides developmental services for more than 135,000 local children and families, is seeking additional help because of the faltering economy and budget cuts. For more: www.swhd.org, 480-505-4527.

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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, has spent the last four years as an assistant with the Houston Dynamo, a period in which the team won two MLS Cup championships guaranteed payday loan. He had an 18-year playing career with the Glasgow Rangers in Scotland, and Chelsea, Queens Park Rangers, and Everton in England, and MLS' Colorado Rapids.

In mid-July, reports again surfaced that Spencer would be the first MLS coach for the Timbers.

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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 at Bay Commercial Bank, which had already received the top rating of five stars from Bauer Financial, reflecting its financial strength.

The bank has another $12 million in commitments as part of an effort to raise up to $35 million in financing that will be contingent on Bay Commercial acquiring a failed institution with FDIC assistance.

“Please get the word out. I’m shopping,” said George Guarini, CEO of Walnut Creek-based Bay Commercial, with offices in Oakland and Castro Valley.

High on his shopping list, in addition to an FDIC-assisted deal, is an open-bank transaction in which a bank that’s not in so bad a shape as to be closed by regulators might decide it’s better off teaming up with a stronger institution.

“There are a lot of opportunities in Northern California,” Guarini said, adding that he’s focusing on the coastal Bay Area stretching from Sonoma County south to Monterey in a stretch that includes Alameda, Contra Costa and Santa Clara counties.

Guarini is also considering the purchase of existing branches from banks looking to prune their network, which is how he picked up the Castro Valley location last year.

Bay Commercial’s fund-raising success might be considered more of a last hurrah in community banks raising substantial sums rather than the opening of the floodgates.

Guarini said his own efforts encountered difficulty when investors grew more skittish over the May 6 “flash crash” in which the Dow Jones industrial average plunged almost 1,000 points in minutes. Adding to investor unease was Europe’s financial woes that spurred concerns over a global slowdown.

But the tighter conditions for other banks to raise money may put Bay Commercial Bank (OTC BB: BCML) in an even stronger position to negotiate with acquisition candidates.

For his part, Guarini said, “We are very pleased with this offering and appreciative of the support we received from long-term investors.”

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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 smart phone content across different operating systems, to help businesses as they turn toward smart phones and mobile devices.

The company said the funding will go toward business expansion and investment in innovation.

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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 in student loans. It manages a $38 billion portfolio of government-guaranteed loans.

The state’s Department of Finance had been pushing federal officials to allow the sale.

But federal authorities have ruled that the authority to make loan guarantees is not an asset that can be sold.

Furthermore, the U.S. Department of education is now likely to transfer the billions of dollars being serviced by EdFund to another entity, all without any compensation to the state, according to a letter from Barry Keene, a retired California State Senator and the current chairman of the California Student Aid Commission, to the chief operating officer of the California Department of Finance.

EdFund laid off more than 100 employees in the past couple of months as it reacted to changes in the way student loans are made.

The federal Student Aid and Fiscal Responsibility Act of 2009 eliminated the Federal Family Educational Loan Program, which used private lenders to make government-guaranteed loans. Rather than subsidize private lenders, the money is being lent directly through the U.S. Department of Education.

The changes made in the federal act last year took effect July 1.

When California first sought to sell EdFund, it hoped to get $1 billion. After the change in federal law, the value dropped by about half. With the recent rulings, the state has no asset to sell.

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The company’s U.S. solar division, Juwi Solar Inc., already is headquartered in Boulder and employs some 30 people there. The new Boulder headquarters of Juwi Wind U.S. Corp., which is relocating from Cleveland, is expected to employ another 20 people.

“Despite difficult economic times, Colorado continues to attract 21st-century companies and careers,” Ritter said in a statement Low fee payday loans. “Thanks to Colorado’s innovative spirit and relentless drive to advance new technologies, we are building a New Energy Economy and securing a strong future for generations to come. It is my pleasure and privilege to welcome Juwi’s wind headquarters to Boulder.”

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The National Association of Realtors reported that existing home sales fell last month to a seasonally adjusted annual rate of 5.37 million units, down from 5.66 million in May. Sales year-over-year were up 9.8%.

Analysts had expected sales to fall to an annual rate of 5.09 million units, according to consensus estimates from Briefing.com.

"The housing industry is slogging through a swamp looking for solid ground," said Mitchell Hochberg, a principal at Madden Real Estate Ventures. "With mounting foreclosures, growing consumer pessimism and a rise in inventory, the only path to recovery is an increase in employment."

June sales still reflect the impact of a popular $8,000 tax credit, which is due to expire in September after Congress extended the June 30 closing deadline.

But analysts expect the housing market to deteriorate as the credit expires and unemployment remains high.

Meanwhile, the inventory of homes on the market rose 2.5% in June to 3 no fax payday loans.99 million units. At that level, it would take 8.9 months to sell all the existing homes on the market, compared with 8.3 months of inventory in May.

"The supply of homes on the market is higher than we’d like to see," said NAR chief economist Lawrence Yun, adding that home prices have held up well despite the glut.

The national median existing-home price for all housing types was $183,700 in June, up 1% from a year ago, according to NAR.

The report comes after government data showed Tuesday that new home sales fell to an 8-month low in June, while the number of building permits issued in the month rose.

But the combination of declining sales and excess supply means home prices will fall later this year, according to Mark Vitner, a senior economist at Wells Fargo. "As a result, homebuilding will be restrained even further, making it a bigger drag on second half economic growth," he said 

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