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3Par accepts HP’s ’superior’ $2B offer

August 31, 2010

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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Nobel winner coming to Agnes Scott

August 23, 2010

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. […]

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Valley Benefits: 20-30 clubs, Kohl’s team on back-to-school spree

August 19, 2010

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 […]

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Bay Commercial Bank raises first $18 million

August 7, 2010

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 […]

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Strong Q2 results expected from Yahoo

July 21, 2010

Yahoo Inc. investors get another update on CEO Carol Bartz' turnaround efforts at the Internet giant on Tuesday when second quarter earnings are posted.
Analysts expect earnings will come in around 14 cents per share on revenue of $1.16 billion after subtracting Yahoo's advertising commissions.
That would be the Sunnyvale company's (NASDAQ:YHOO) best quarter since Bartz took […]

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State gets $30M broadband stimulus grant

July 9, 2010

A public-private state partnership has been awarded $30 million in federal stimulus funding for a project to extend broadband access in Ohio.
The Ohio Middle Mile Consortium, a group of broadband providers around the state, sought the grant on behalf of the state. Gov. Ted Strickland said the funding will support the construction of 700 miles […]

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Falling gas prices bring down CPI

June 19, 2010

U.S. consumer prices decreased in May for the second straight month as gasoline prices fell, the Labor Department reported Thursday.
The consumer price index fell a seasonally adjusted 0.2 percent after a 0.1 percent decline in April, the government said. Energy prices fell 2.9 percent, food prices were flat and shelter prices rose […]

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Electrical workers to rally against splinter union

June 16, 2010

An alliance of St. Louis-area trade organizations has scheduled a late afternoon rally in Forest Park today to launch what organizers are calling a "national public campaign" aimed at stopping a splinter electrical workers union in its tracks.
The rally serves as formal notice that a "summit" in early May failed to clear the […]

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Big boost for stocks - Dow gains 273

June 13, 2010

A stock rally gained momentum Thursday, with the major indexes hitting highs for the day in the last minutes of trade, as concerns over Europe’s debt crisis and its impact on the global recovery were calmed by a sharp boost in Chinese exports and a strengthening euro.
The Dow Jones industrial average (INDU) […]

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Moody’s lowers Anadarko outlook to negative

June 6, 2010

Anadarko Petroleum Corp. was the latest company affected by the Gulf oil spill to see its ratings lowered by Moody’s Investors Service.
Some $13 billion in Anadarko rated debt securities were the subject of Moody’s decision to lower its rating from stable to negative.
In a statement, Moody’s said the decision reflects the considerable uncertainty associated with […]

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