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Endgame for the takeover of 3PAR. In deciding to raise its bid again on the specialist data storage, Hewlett-Packard has won the battle, forcing Dell threw in the towel.

The range of HP was increased by three dollars to 33 dollars per share, after a bidding war for Dell $ 32, and many analysts believe that this takeover battle has gone too far. The HP offers spring to 2.4 billion.

3PAR has responded by stating that the offer was superior to HP and that he intended to break its previous merger agreement with Dell.

The PC maker reported its side that not revise its offer, rejected by the Board of 3PAR, and he put an end to discussions. He added that he should receive compensation of 72 million dollars because of breach of the agreement with 3PAR.

The action 3PAR wins 2.2% to 32.79 dollars in early trade. It was traded around $ 10 during most of the year until Dell announced its offer of $ 18 per share in August.

Analysts said the transaction too expensive

The analysts thought that HP would prevail on Dell. The annual turnover of the former is 115 billion dollars against 53 billion for Dell. HP also has a sales force much stronger and internationally and can help 3PAR to grow faster.

Dell has not released the piece easily and many observers did not think he would go so far in his bid. The winning HP is more than eight times the turnover and for many analysts, it is too expensive for a company that has rarely been profitable since its inception in 1999.Beyond five times, every operation is considered expensive in the high tech field.

Other experts believe, however, that multiple 3PAR worth its share his specialty, which is considered crucial in the development of cloud computing – the use cloud computing for application directly on the Internet, these applications are no longer stored in the hard disk of the user but the server room.

The takeover battles are rare in the high technology sector. The latest, in 2009, EMC and NetApp were opposed to the takeover of Data Domain. EMC had won with a bid of 2.4 billion dollars.

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Chrysler to enjoy. The U.S. is the only manufacturer on Wednesday has announced a jump in August sales in the U.S.. The third manufacturer in this market grew by 7% of its sales on a year to 99,611 vehicles. This August is his fifth consecutive month of increase yoy. Sales are also up 6.7% compared to those of July.

"Chrysler is proud to have beaten the consensus, is congratulated Fred Diaz, director of U.S. sales. "This shows that we have accomplished our goals. We will continue our efforts with the production of new models by the end of the year. " The group, now controlled by Fiat, has seen sales of its brands to grow by 4% against a rise of 17% for Jeep and Dodge 8%.

GM, Ford and Toyota to the penalty

The month of August was more difficult for the competition.General Motors (GM) announced in a statement that sales of its four brands together (Chevrolet, Buick, GMC and Cadillac) in August were down 24.9% year on year to 185,176 vehicles. Excluding the four brands that GM is shutting down (Pontiac, Saturn, Hummer) or sold (Saab), the decline in sales of only 11% to 184,921 vehicles, insisted the group.

"Last year, the scrappage supported sales. Therefore, the results of this August are, unsurprisingly, a bit mixed, moderates the vice director of sales in the United States, Don Johnson. "The most important thing is that three of our brands have shown strong gains," he adds.

GM, however, said its sales of pickups and utility vehicles had increased last month, a positive sign indicating a general economic recovery Installment payday loans.

For its part, Ford has suffered most with a decline in sales by 10.7% yoy in August to 157,503 vehicles. Sales are also down 7.5% compared to July. Ford, the only American manufacturer to not be calling for government assistance at the height of the crisis and not have declared bankruptcy last year, however, emphasized that its sales jumped 18% since the beginning of year compared to the same period in 2009.

Toyota posted a drop of 31.4% of its U.S. sales in August on a year to 148,388 vehicles.The manufacturer may have been affected by the announcement last week of a new recall of 1.13 million models in its flagship car Corolla in North America for an engine problem, having already recalled more than 10 million vehicles worldwide since the fall.

"Resuming modest expected"

In a conference call Wednesday, the heads of GM sales in the United States have looked forward to "a modest recovery and irregular" in the U.S. economy, and still rely on annual sales of 11.5 to 12 million vehicles in the U.S. this year.

Ford, meanwhile, anticipates weak demand as it provides an output of 570,000 vehicles in the fourth quarter, 4000 from a year earlier to "adjust capacity to the actual demand.

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New York is still the city where the price of hotel rooms is the highest to London and Stockholm. Rio de Janeiro (5th) and Shanghai (16th) are those whose prices rise the most in a year, according to the barometer Hotel.info Monday.

New York in July showed an average price of 194.50 euros per night, up 14.75% compared to 2009 but down from July 2008 (-12.25%), year of starting the crisis. London came second with 146.60 euros and 145.30 euros in the third Stockholm.

Rio de Janeiro is the fifth to 143.60 euros (after Zurich), a price that jumps to 44.60% compared to 2009 (50% compared to 2008).According Hotel.info This sharp increase is partly explained by the large number of fairs held last July in this city.

Nice more expensive than Paris

In the same vein, Shanghai, the venue of the exposition, saw prices rise by 30% in one year to 99.84 euros.

Paris is in 13th place with an average price of 110.8 euros in July, up 4.8% over the same month of 2009 but a decline of 2.26% compared to July 2008.

In France, Nice as in 2009 and 2008 to rank ahead of Paris's most expensive cities in July to 115.8 euros per night, even if the price is down 12.3% year on year.

Hotel.info is a central reservation which includes 210,000 hotels worldwide.It accounts for 482,000 overnight stays recorded monthly through it and 30 million page views per month.

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When he bought his house in August 2006, Michael B, 42, is confident in the future. He just got married and earns his living as comfortably as mortgage broker for Guild Mortgage, a company based in the South Bay, affluent suburb southwest of Los Angeles. The housing market is in full intoxication. It has reached exorbitant prices unrelated to the quality of buildings. Due to earthquakes, all buildings here are made of wood and thus condemned the attack of termites and demolition few decades later.

In South Redondo Beach, where Michael and his wife decided to buy a two bedroom townhome without a seal, it is impossible in 2006 to find housing for less than $ 500,000. They pay them 732,000 dollars."I was spared," says Michael, but I decided to keep my money rather than making a contribution. "Their monthly payments therefore amount to $ 5,500. "An expenditure authorized by high but my income," he adds.

Four years later, the savings have shrunk. And Michael and his wife, now parents of a boy two years, are on the verge of losing their homes. A year ago, they stopped paying their mortgages. "In 2007, we have been hit hard by the housing crisis. My earnings have dropped 75%. "The three-piece is only worth 550,000 dollars.

After a year of negotiations with its bank, Michael has finally won the right to make a short sale (that is to say, sell his home at a price less than its mortgage). He could have chosen a foreclosure, easier to manage. "But it would have prevented me from getting a loan for seven years.With a short sale, the credit we are prohibited for two years! "

The worst is not past

After an upsurge in real estate transactions due to tax credits of $ 8,000 offered until 30 April by the Obama Administration, the defaults and foreclosures are on the rise again in the United States. It was once thought that the worst was over (no one spoke of seizures) but it now appears that the revival was artificial.

Figures released Tuesday by the National Association of Realtors are alarming: the volume of resale homes fell 27% compared to June 2009. And according to statistics from the Treasury Department, the defaults on mortgages have reached 13.6% at the end of 2009.Real Estate Agent Redondo Beach, Alison Clay-Deboffe can only sympathize with the suffering of former clients who call today to share their hardships. "As the retiree who has been keen to buy a duplex without really afford, but which has been encouraged by his banker at the time when lenders were handing out loans without verifying." This lady, whose name Alison prefers silence , is now on the verge of being expelled. She does not know where to go. "She is guilty of wanting to live beyond its means. But the lender is even more irresponsible. "

In California, the number of dwellings for which a seizure is imminent now stands at 104,000. Over the past twelve months, about 76,000 seizures were conducted in the state. "And their numbers will grow as the reviewable-rate loans contracted five years ago expire," says Michael.The mortgages of millions of people are going to increase by several hundred dollars per month. They can not afford to repay. "All this when, far from reinforcing the job market weakens.

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The CAC 40, which again closed lower Wednesday on a net, trying to back up the hill on Thursday. At the opening, the leading index in Paris climbed 1.17% to 3490.75 points. Elsewhere, the same movement: the Footsie in London is 0.73% to 5146.69 points while in Frankfurt the Dax was up 0.64% at 5937.27 points

European markets based on the surge on Wall Street Wednesday. The NYSE has erased its losses late in the session to close up 0.2%. A technical rebound which was conducted in a context of bad macro news (sales of new homes in July after falling sales in the former, smaller increase than expected orders for durable goods). The Paris markets will also be comforted by Asia which has borrowed the same road this morning as Wall Street.

After consecutive declines (which have seen the ACC lost 2% since Monday), European investors are making purchases on the cheap pending the release of weekly unemployment registration in the United States earlier this afternoon.

Side currencies, the euro remains strong against the dollar. In morning trade, one euro is worth 1.2710 dollars (0.31%).

The Paris markets react to the small decline in unemployment in France in July, fell after the market closes Wednesday. More importantly, they welcomed acueillent battery results fell before the opening.

Accor flies, Gemalto tumbles

For the first time in years, the industrial take over ads on macroeconomic indicators:

After his former branch of service Edenred, Accor issued this morning. The group announced a net loss for the first half of 64 million euros against a loss of 236 million a year earlier.Despite perspectivas very conservative, the stock market welcomed the performance: the titles are leading the ACC with an increase of 6.60% to 25.05 euros.

Credit Agricole has reported a net profit of 379 million euros in the second quarter, well above the 280 million expected by the markets payday advances. Net revenue reached 5.469 billion euros and the cost of risk fell by 13%. Again, the stock appreciates: the titles are among the strongest increase with a jump of 2.78% to 10.17 euros.

Bureau Veritas (2.65% to 46.59 euros) announced adjusted net income Group share up 8.9% to 149.5 million euros in the first half. Turnover was up 1.5% to 1.349 billion euros.The group aims to increase its sales in the second half of the order of 10% and expects a "slight increase" in operating margin over the full year 2010 on the current scope.

Gemalto has reported net earnings fell to 63 million euros in the first half and sales of 840 million euros, up 5%. The group said banking on accelerated growth in the second half, with a turnover of over one billion euros over the period. The title is at the bottom of the SBF 120: -5.69% to 27.77 euros.

Bongrain (stable), Lagardere (+0.38%), Stallergenes (1.50%) and Etam (-1.56%) publish after the market closes.

Wednesday, L'Oreal (3.76% to 78.62 euros) announced an operating profit up sharply in the first half and higher expectations.This performance allows the number one global cosmetics find a level of operating margin similar to the record first half of 2008.

L'Oreal and Total (0.74% to 37.25 euros), major shareholders of Sanofi-Aventis (+0.09% at 44.64 euros) would otherwise be reserved on the proposed acquisition of Genzyme, fearing that French pharmaceutical group pays its target too expensive, said Wednesday the banking sources told Reuters.

BioAlliance Pharma (8.38% to 6.47 euros) has received European agencies agreed in principle on the filing in mid-2011 the registration dossier of the drug against herpes labialis. The laboratory recorded a strong increase in its turnover in the first half and a net positive.

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• Budget: tough decisions on niches
• Pensions: outline of the reform should remain
• Towards the compulsory insurance underwriting loss of autonomy
• The delicate capital increase
• 2011 upturn expected for the job
• Paris wants to reform the international monetary system

Of the four returnees that Nicolas Sarkozy has had to manage since his election, now is probably the trickiest. Very politically charged, the fall will also be heavy in economic terms. Number of reforms and sensitive issues facing the head of state and government who begin their Wednesday Cabinet reentry in a tense social climate.

Contrary to tradition, the vote of the Finance Bill 2011 will not be the first meeting of the economic return.It will be preceded by consideration of the Assembly, from September 7, the pension reform. The fiercely contested between a Labour Minister, Eric Woerth, weakened by the controversies that have continued over the summer, and an opposition determined to block any progress, including the extension to 62 years of retirement age.

But the pressure in this landmark case – the Head of State intends to establish his image as a reformer, especially with financial markets – especially coming from the street. Unions, braced against a reform they consider "unfair and ineffective", the French call en masse to protest on September 7. A mobilization that looks very well attended, in the street, transport and some public services where strikes were not hard to exclude. This day of action will not be the last.Meeting Monday at FSU, the unions agreed to see the 8 "decide how to proceed quickly, probably before September 29, when a euromanifestation against the austerity policies.

Behind the social issues lies the question of growth. For despite the increase of 0.6% of GDP in the second quarter, the horizon remains uncertain. And the downward revision of 0.5 percentage points of growth for 2011, together with further cuts in public spending and tax loopholes, reflects these uncertainties. "France has suffered a negative shock with its strong and deep recession of 2008 and 2009, says Philippe Waechter, director of economic research at Natexis Asset Management. A policy is too restrictive in order to quickly rebalance public finances will penalize the economy. "The paradox of this situation is summarized by the rating agency Moody's.This concern, last week, the deteriorating situation of public finances States rated "AAA", inviting them to structural reforms to rebalance their accounts. On Monday, the same agency cautioned, however, put the European states against a too rigorous, which could negatively affect their growth and influence their debt. In short, the government must practice strict management of public finances without too strict. A delicate balancing act …

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Budget: tough decisions on niches

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The Paris Bourse started the day on a slight gain: 0.31% to 3536.95 points. But in mid-session, the CAC40 has accelerated its rebound, clinching 0.86% to 3556.43 points. In London, the FTSE was up 0.77% to 5235.44 points shortly after noon, while the German Dax climbed 0.45% to 6032.44 points.

Markets are still clinging to macroeconomic announcements, only able to move the index in August. On Monday, the Institute has unveiled a Markit composite PMI index in France to 59 points in August against 59.7 in juillet.C is its lowest level in five months. The services PMI index stood at 59.9 against 60.5 expected and 61.1 in July.For its part, the manufacturing PMI stood at 54.7 against 53.4 expected and 53.9 in July, its highest in two months.

In Germany, the PMI for services stood at 58.5, while economists had expected a figure 56.3 from 56.5 after he published the previous month. It was his fastest pace in three years. In contrast, the manufacturing PMI fell to 58.2, its slowest pace in six months, against 61.2 observed in July and 60.5 expected by economists. The composite index has nonetheless reached its highest level in four months, to 59.3 against 59.0 in July.

The rest of the week promises to be loaded including unemployment figures in France in July (Wednesday), the new home sales and durable goods orders in July in the U.S. (Wednesday) and weekly entries to unemployment overseas (Thursday).

The hesitation may yet be well on the markets on Monday. After closing largely under the 3600 points on Friday, down 1.30% net, the CAC 40 should be difficult to get out of the red zone. With two weeks of decline, Wall Street does not give signals of optimism. For their part, Asian markets are very hesitant, juggling between gains and declines for several sessions.At the Paris Bourse, the key index also remained febrile throughout the week, erasing gains from one month to return to its levels of July.

Note that the side of currencies this morning, the euro has tried unsuccessfully to stay the course against the dollar. It gained 0.12% to 1.2714 dollars in the morning before yielding 0.13% to 1.2698 dollars in mid-session.

Values follow

Until the weekend, charged in half-yearly publication, the day of Monday is quiet on the side advertisements.

Brussels plans to dismiss the complaint against the French state by telecom operators Orange (France Telecom 1.43% to 16.325 euros), SFR (Vivendi: 0.08% to 17.665 euros) and Bouygues Telecom (one , 34% to 32.985 euros) in the allocation of the fourth 3G mobile license to Free (Iliad: 0.54% to 68.79 euros), La Tribune reported Monday.

GDF Suez (+0.10% to 24.995 Euro) is interested in acquiring sites for storing gas sold by Exxon Mobil and Shell, valued around one billion euros, according to a report in Le Figaro on Saturday.

Carrefour (+0.14% to 35.8 euros) will launch a new concept of hypermarkets to address the erosion of its customers.

The absence for several days, any public information on the new presumed interest of Sanofi-Aventis (2.22% to 4,596 euros) for the U.S. Genzyme could mean that both sides have begun discussions, says Geoffrey Porges, an analyst at Sanford Bernstein.

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Mark Zuckerberg is made of rare bird among billionaires: it is his first full-time job that allowed him to hit the jackpot. Facebook, the social networking site founded by Zuckerberg when he started his studies at Harvard in 2004, has found success almost immediately. We know the rest. Last March, his fortune was estimated at four billion dollars.

Many other billionaires have started small before climbing the ladder. Charles Schwab picked and packed nuts in orchards around Sacramento, California. David Murdock, Dole had left school at fifteen and worked at a gas station where he did oil changes and greasing parts before being recruited into the army.

Andrew Beal, the billionaire banker, repaired televisions hand and sold them door-to-door to poor families.In high school, Steve Jobs had managed to get a summer job at Hewlett-Packard, technology pioneer, where he met Steve Wozniak. Together, they founded Apple in 1976.

Barry Diller, founder of IAC / InterActiveCorp, is one of many entertainment moguls who began their careers through training program agent William Morris Agency. The program was dubbed "the mail room" because it began with a stint in the service.

A newspaper delivery round is the first job the most common member of the Forbes 400. Patrick McGovern, T. Boone Pickens, Dennis Washington and Sheldon Adelson have all been there before making a fortune.

These activities are very common, but these future millionaires have managed to get the maximum.So he was 12, Adelson, the richest man in the future of Las Vegas, borrowed $ 200 from an uncle to buy the right to sell newspapers at two intersections in the city borrowed very Boston Guaranteed no fax payday loans. Pickens, future oil tycoon has also shown leadership when he was 12 years and distributing newspapers. He quickly turned his tour of 28 places to include 156 rounds of taking control of its competitors.

Patrick McGovern, founder of technology media, event management and research, International Data Group, said he learned several important lessons when he was distributing newspapers.

"The main lesson I learned was how to manage my time effectively. I learned to be proud of my work and strive for excellence in service.And I learned that we must never forget that the key is to find customers and satisfy them, "said McGovern. Putting the customer is a habit that kept McGovern far beyond his tour of newspaper distribution.

"I learned that everything must be done to ensure the success of its customers," said McGovern."That philosophy has proven very valuable in business and I've kept throughout my career."

IDG reaches over 200 million people in 95 countries and focus on customer service by McGovern has obviously succeeded: we believe it is now worth 3.1 billion dollars.

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They will give half of what they have. Nearly 40 American billionaires have pledged to donate over 50% of their fortune to charity. The initiative, called "Giving Pledge" ("Pledge"), was launched in mid-June by Bill Gates, the founder of Microsoft, and Warren Buffet, the richest man in America. "We just started the operation and we already have tremendous returns," enthuses the latter, which the Americans nicknamed the sage of Omaha.

The director George Lucas, CNN founder Ted Turner, the New York Mayor Michael Bloomberg, co-founder Larry Ellison of Oracle (also the highest paid boss in the world) are among the generous donors. "I'm not a staunch supporter of the legacy," says his side T. Boone Pickens, chairman of oil group BP."It usually generates more harm than good."

"Operation Giving Pledge aims to solve the pressing problems of society by inviting the rich American families to commit to more than half of their fortune to philanthropy and charity", is it explained in a release. It is a moral commitment, not a legal contract, is it explained. The total amount promised is not specified.

"We have more money that our family will ever need, evidenced by eBay founder Pierre Omidyar and his wife, Pam, in a letter. "There is no reason to keep it in a box so it can be useful today to tackle the worst problems of our time." For his part, Buffett had said he would give 99 % of its wealth (more than 47 billion dollars) to charity.

Have you ever asked your vacation dates? Be careful, your employer could refuse to grant you leave you want … If in practice, employees and employers have an interest in finding common ground, it is the employer who ultimately decides the date of leave granted to its employees. "They say in everyday language that the employee" take leave ". In reality, it only makes a request to his employer, which is the only one to decide, "says Ms. Carine Geronimi, lawyer labor law.

In August, as economic activity slows, many SMEs and craftsmen even shut their doors altogether, unilaterally fixing the date of summer vacation for their employees. Some are also surprised, and wondered if this requirement is legal. Witness the many comments that bloom about this on the forums.An employee in the computer reports that his company requires him three weeks of vacation during the summer. "Am I a recourse?" He asks. In most cases, the answer is no. Unless the employer has not complied with its obligations.

And particularly that of preventing their employees holiday dates at least one month before departure, as required by the labor code. If your boss refuses to meet your wishes, it also has an obligation to propose another date for leave, and give the reasons. "Otherwise, he incurs the payment of damages," says Mr. Geronimi.

The reconciliation prevails

Another constraint that must call the employer that each employee to give at least 12 continuous days of leave, unless approved it.One way to guard against an excessive fragmentation of its leaves, as reported by the three masseuses who found "that puts us in our head off a half day here, a morning with the, without us having our word say …».

But in most cases, the reconciliation prevails. Employers often even going beyond its legal obligations by ensuring that parents of school children can leave during school holidays, or other employees are idle at the same time as their spouse … In sum, it is the common interest of the employer and his employee not to offend one another.