Last rebound on Friday: HP announced in mid-afternoon that he raised his bid for 3PAR to $ 30 per share, valuing the company proposed data storage to 2 billion dollars! Rival Dell had announced earlier in the day he lined up on the previous HP offers made Thursday night: $ 27 per share, or $ 1.8 billion.

In this battle of "cloud computing (cloud computing via the Internet), and two days are alike. The day of Thursday has been marked by the same scenario.By putting on the table an offer to 1.8 billion, HP responded to Dell, which had outbid earlier in the day.

For Dell, the matter seemed closed Thursday morning. Thirty cents per share closely. Indeed, the offer was raised from Dell was barely higher than that of HP, to 24.30 cents per share against 24 cents. If the transaction would receive the green light from authorities, Dell assured however that it could be finalized before the end of the year. The computer maker also added that the operation "should have a positive impact on [his] profit excluding exceptional items from fiscal 2012.

The "cloud computing" is popular

He had not reckoned on the pugnacity of HP.The acquisition would allow 3PAR to expand its range of storage products for cloud computing and support services activities, like other industry heavyweights like IBM, they tend to generate higher profit margins than sales of computers.

The ball is now in the hands of Dell. And it did not intend to waive 3PAR Friday. "The group continues to believe that the acquisition of 3PAR, and its storage technology market leaders, is an important operation for our customers and will strengthen Dell's position on these services," he said in its statement.Dell has until Sept. 20 to launch a public offer to acquire all the shares of 3PAR, "unless the offer is extended," he says.

The battle began last Aug. 16, when Dell announced plans to acquire 3PAR price of $ 18 per share. A week later, HP came out of the woods. Last Monday, the group also proposed 1.6 billion dollars against 1.15 billion for Dell. The suspense continues, therefore. And the recovery of 3PAR flies …

On Friday, shares of Hewlett-Packard bend 1.5% to 37.6 dollars in Wall Street, about 17 hours, while Dell shares advance 1.8% to $ 12. 3PAR him, flew 21.5%.

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But optimists emphasize that, although down compared to July, the PMI indicator reflects a strong growth in business services as industry. This also recovers to 54.7 against 53.9 a month earlier. In general, grade Markit, the two sectors have "stronger growth in the volume of new business" on the month. What "confirm the solidity of the French takeover," analyzes Jack Kennedy, economist at Markit.The government has revised its forecast Friday for growth for 2011 downward from 2.5% to 2%.

On another positive note, employment continued to grow, driven by strong hiring in the services. Above all, companies "remain confident about their business outlook," "anticipate new business opportunities" and "hope for an improvement in overall economic conditions over the next twelve months," notes Markit.

Germany shaped

In Germany, activity has accelerated in August, reaching the highest since three years, according to Markit index. This was up by 59.3 points, against 59 in July. "The strong growth in services from the index, while the industry recorded a slight slowdown in growth."While some manufacturers are worried about the holding of world trade, the robust performance of services will be crucial in the second half" to maintain the dynamism of the recovery in Germany, analyzes Tim Moore, an economist at Markit.

The PMI index for the entire euro area fell slightly to 56.1, against 56.7 points in July. This result, which indicates a growth in activity, conceals alarming disparities between national economies, growth still based primarily on Germany and France, "warned Markit.

"After an excellent second quarter, growth in the third quarter should be relatively robust to the heart of Europe," said Pierre-Olivier Beffy, chief economist at Exane BNP Paribas."A further rise in significant business is in the cards, probably beyond current expectations."

Less optimistic economists at BNP Paribas' doubt that the dynamism in the services prevent the European economy to slow sharply in the second half. "

For a subscription of 19 euros per month, or 54 euros per year, the site provides access to a database containing the profiles and contact information of 283,000 men and women worldwide. These people, they register for free, detailing their name, age, place of residence but also hobbies and passions. The 2500 subscribers can then contact them by email or telephone to offer them to accompany them to the restaurant, cinema, for a stroll, a VIP or travel.

The company to 8 euros per hour

If no tariff is imposed, the friend offers to rent usually a base price of 8 euros per hour. The latter, for which all costs are borne by the person who contacted him, pocketed the entire sum at the end of the day. The site itself, survives financially through paid subscription for access to the base coordinates. "The site is profitable," says founder Scott Rosenbaum.

According to the American version of RentaFriend, launched in October 2009, it has been the rental of their friendship their daily livelihood. "If you charge $ 20 an hour and you work three days a week, you can make $ 1,920 a month. If you work full time at the same hourly rate, you can reap USD 3,200 a month, "promises the site. "There is no obligation to be friends with anyone.You decide which bind with a friendship, how much you charge and how long you want to work. You make all the rules! You're the boss! ".

"A new way to meet people"

This type of site is already paying friendlies in Japan, where the archipelago are at least a dozen. RentaFriend exports so the project in Europe. From what to wear uncomfortable associations fighting against loneliness. "The idea of connecting people who feel alone with others is positive because the latter do not occur. But it would be better if it was not paid. The danger in this scenario to be in a relationship distorted trade, while the need to promote human relations, "says Peter Villelongue, association, St. Vincent de Paul who fight against the phenomenon.

"I think people do not fully grasp the concept.Nearly 90% of members are not alone, or depressed. The evidence shown, "defends Scott Rosenbaum facing controversy. "The most common use is that of finding a local friend to play the guide during a trip or looking for dialogue for learning languages. People buy the company, they lease time another person for a specific purpose. Scott Rosenbaum said he also "stunned" by the debate provoked by RentaFriend since its launch in Europe: "I thought the U.S. was prudish and that other countries were more relaxed," wryly creator of the site.

Pinned on the risks of sexual abuses, Scott Rosenbaum scans again the critics: "Every profile is manually checked and we have a system of alerts that words allow us to act. Anyway, there are thousands of website offering sex on the Internet.There is no reason for an individual to try on RentaFriend.

For the rest, Scott Rosenbaum is confident. "I was approached by organizations and private funds but for now, I'm not looking for investors. However, if someone is interested in buying, I'm willing to listen to offers, "he says. Meanwhile, the young man of 30 years is an international coverage by the end of the year. "People should open their minds and see the benefits they can derive rather than judge, consider til.

This was due to the decline of the euro against the dollar in the spring, pro-European exports, but bad for imports, which are to higher prices.

All countries of the European Union, namely sixteen of the euro area and the eleven who did not belong, recorded in May a trade deficit of 15.1 billion euros free instant credit report . It widened from April (-11 billion) and over the same month of 2009 (-7000000000). In May 2010, exports of "27" rose 0.9% and imports by 4.1%. One area where the deficit was more accentuated for the "27", the éenergie (-91.5 billion euros against a deficit of 76.1 billion a year ago).Conversely, manufactured products emit a surplus of 50.5 billion euros (ocntre a surplus of 34.7 billion).

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Meanwhile, a meeting is being held in Switzerland and covers the establishment of new prudential standards proposed by the committee of "Basel III". The objective of these measures is to raise the level of capital requirements at banks to limit to reduce the risk of bankruptcy of these establishments, and limit the risk of traders in the market, including products derivatives.But even the regulators and central bankers seem to make concessions against their original objectives, under pressure from banking lobby. They are afraid that a new credit crisis since experts believe that these new rules would force banks to raise more than 1.000 billion in new capital. The final text must be presented at the G20 summit in Seoul in South Korea, 11 and 12 November.

Reform in Europe delayed

And in Europe, the Twenty-seven have found common ground on how to conduct stress tests that will be published July 23. However, the reform of financial supervision has been delayed over disagreements between the Parliament and the Council of Europe. It should not come into effect before September, according to the Wall Street Journal.

Anglo American is activated

The Anglo-South African Anglo American sells, in turn, coal mines in Australia to a consortium of South Korea's Korea Electric Power Corporation (KEPCO) and POSCO, and the Australian Cockatoo Coal for 500 million dollars.Finally, Banpu, Thai producer of coal, wants to increase its shareholding in the Australian Centennial Coal, up 80% to $ 1.7 billion.

Many projects had been put between brackets, because of the uncertainty surrounding the new tax taxing up to 30% profits of mining groups.

Another sign of their increasing weight between 1990 and 2000, the number of countries called emerging markets (ie whose average per capita equivalent to more than double that of OECD countries) has increased from 12 65. Several states of Eastern Europe like the Czech Republic, Hungary and Slovakia acceded to the richest group, along with Saudi Arabia. Today, says the OECD, a simple division into two is more relevant. Château de la Muette now retains the concept of world "four speed", according to growth rates and income levels: poor, distressed, convergent and rich.Interesting phenomenon, twenty economies, mostly in Asia like India, Indonesia and Bangladesh but also in Africa, like Ethiopia or Nigeria, have made a great leap forward from the status of "poor" than "converge".

Note in this scenario, the underperformance of Latin America, where reforms have done little to advance growth. The report noted a reduction of poverty, especially in China where the rate has decreased by 60% in 1995 to 16% in 2005. The downside, if the number of poor has decreased overall from 300 million in the last decade, growth has often been accompanied by increasing inequality, which may influence the long term.

But the trend should not be reversed.In 2030, the OECD area could represent 43% of global GDP in purchasing power parity, against 60% in 2000 and 51% in 2010.

Support size, because boards of RiskMetrics are followed by institutional investors. But they represent 78.51% of the capital of Lagard?re (50,51% of foreign institutional investors and 20% French).

Rejection of proposals by the management and the board

But on Monday, the general partners and managers of Lagardere SCA voted against the amendment of articles of the company – a company limited by shares to a company – in a proposed resolution before the next general meeting Guy Wyser-Pratte.A decision that is "not surprised" to advise shareholders of the activist. "The opposite would have been more democratic," he quipped.

Last Friday, the group's supervisory board had rejected outright the two main proposals of the Franco-American investor to relax the sponsorship of the Lagard?re group. For now, Arnaud Lagardere, the manager-partner of Lagardere, which holds all powers of decision with 10% of capital. Partnership status allows to use external financing without losing control of the company.

RiskMetrics 'agree' with Wyser-Pratte

Thus, the shareholder advisory firm RiskMetrics looking for arguments Guy Wyser-Pratte: "We agree with his criticism of the sponsorship per share.

"The presence of dissent to the supervisory board of Lagard?re would be beneficial to the long-term shareholder value," she said in a statement. In any case, any election "reflects the intention of the limited partners to adopt a different status," said the company. Verdict on 27 April at the general meeting of shareholders.

On Monday, the shares are granted Lagard?re 0.46%, to 31.51 euros in a market equilibrium.

Wyser-Pratte had accused Mr Lagardere's "mismanagement", accusing him of preferring to "go play tennis in running the company." Arnaud Lagardere leads the group since the death of his father Jean-Luc Lagard?re in 2003.

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American society is the subject of much speculation about a possible takeover due to the difficulties he encounters. Although the company has poached Jon Rubinstein, Apple, and there was the launch of two flagship models, sales remain subdued.

The Chinese company Lenovo, maker of computers, could be interested in Palm, but for now this is a rumor. Indeed, the boss of Lenovo, Yang Yuanqing said will make acquisitions in the mobile Internet but did not mention Palm.

In mid March, Palm has released new quarterly losses with sales projections by the calamitous end of MayNews that had booed the course, the share had fallen by almost 30%.

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Delzant Ellen: The Basel Committee has submitted to banks on December 31 last, ten recommendations for strengthening the system of banking supervision and harmonize accounting and prudential standards.

The new regulation called "Basel III" offers a better credit side, with the strengthening of equity and weighted by their market activities, securitization or counterparty risk. And the other, a much higher level of liquidity that banks can refinance markets. According to recent studies, these new standards would impose on banks to raise, by 2012, approximately 450 billion euros in capital to 1.500 billion debt.

What seems impossible in the eyes of banks, explaining that such rules would threaten the financing of the economy. The recommendations of Basel III were subjected to these banks, who are currently studying more accurately the impact of such measures. They make their copy on April 16 next.

The aim would be to implement a new regulation in 2012, the time that the economy really recovering from the crisis.

What exactly is the tax on banks which Berlin and Paris agreed on Wednesday?

At Summit Pittsburgh, which took place in September 2009, the G20 countries have shown their determination to rethink the regulation of the financial system, particularly for states to prevent digging into the coffers filled by taxpayers to save banks the bankruptcy crisis.

In Europe, there are already many discussions on this aspect of bank failures. And in Germany, recently adopted a tax credit that would put money into a rescue fund to be used in case of difficulty of the banking system. Such a tax would yield between 1 and 1.3 billion euros per year. What remains poor compared to the hundreds of billions of dollars injected by the German state banks. But pre-election period in Germany is already a good way to reassure taxpayers, who are also voters no fax cash loans.

Such a tax is not she justified since it was introduced in all countries?

Yes. But he must first of each country working at national level.Last Wednesday, while Christine Lagarde was alongside his German counterpart Wolfgang Sch?uble, France went in the direction of a tax credit. But it would fuel the state budget.

Whatever the allocation of such a tax, these are national decisions that will prevail, but will add a European, and even to globalize this process predominates, partly to avoid distortions of competition.

Already, the Franco-German cooperation is a strong sign of the desire to bring the case to the European level.A global control is obviously essential and the principle of transforming debt of banks capital seems consistent with the desire to take arms against a possible new crisis and save the taxpayers of the world's financial woes.

History:

• Basel I: In 1988, central bankers from the G-10 countries have issued recommendations to "ensure the stability of the international banking system by setting a minimum limit to the amount of bank capital.It showed the famous "Cooke ratio, established in 1992, which required that capital in relation to all lending commitments do not exceed 8%.

• Basel II: In 2006, the New Basel Accord, has established standards constitute a prudential perspective to improve understanding of banking risks, mainly credit risk or counterparty and capital requirements.

• Basel III: The governor of the Bank of the Netherlands, Nout Wellinck, chairman of the Basel Committee, announced December 31, 2009 "a profound change" prudential rules. The application of new standards will not happen until the world economy will not be permanently out of the crisis.Experts believe that Basel III should not occur before 2010 and 2011.

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