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Bids climb for 3PAR. The computer giants Dell and Hewlett-Packard are engaged in a struggle to redeem the American Society of data storage. A standoff that intensified this week.

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

It was without counting on the pugnacity of HP payday advance lender.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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After closing down on Monday evening – the Dow has sold 0.38% to 10,174.4 points – Wall Street did not find this Tuesday, opportunities to redress the balance. Instead, the only indicator fell to 16 hours, is extremely disquieting: Sales of existing homes fell to its lowest level since 1995, to 3.83 million annual rate transactions, according to figures released Tuesday by the National Association of Realtors (NAR).

Upon publication of this indicator, Wall Street has plunged into the red, losing 1.48% to 4:10 p.m. at 10,024 points for the Dow Jones, which amounts to huge step towards the symbolic threshold of 10,000 points.

The broader S & P drops 1.61% at 1050 points and the Nasdaq, which includes technology stocks, yields 1.85% to 2120 points.

It was not until Wednesday to expect an improvement, both on the side of the promises of new home sales and durable goods orders.

Mergers and acquisitions are in full swing

If the bears seem to win now, but Wall Street is torn between the potential positive effects of mergers and acquisitions that animates it and the threats still facing strong economic recovery.

BHP Billiton (-1.94% to 65.83 dollars) is expected to announce on Wednesday a 50% jump in interim profits and strong cash flow with which it hopes to deter potential rivals to make an offer to buy out-cons the Canadian Potash Yet seeking a white knight eventually China.

The French pharmaceutical company Sanofi-Aventis and the U.S. biotech group Genzyme (-0.87% to 67.13 dollars) abut on the determination of a minimum price that would initiate the first comprehensive review of its accounts Target said Tuesday the Wall Street Journal in one hour payday loans.

If Genzyme and Sanofi seem to disagree on the French laboratory's initial offer to buy out U.S. biotech company, however the purchase of McAfee (-0.15% to 47.03 U.S. dollars) Intel (-1.02% to 18.51 U.S. $) continues to fascinate, like the stock market battle between HP and Dell in the acquisition of data storage specialist 3PAR.

The world of mobile phones, Nokia, and the giant American world of microprocessors Intel unveiled on Tuesday a joint research laboratory in central western Finland, they said.

American Apparel (-10.8% to $ 0.66), definitely ailing feared not being able to publish its quarterly results on time and to be delisted.

Disney (-1.70% to 32.37 dollars) could also react to statements yonni Sebbag, the boyfriend of a former employee of the giant media and entertainment Disney, who pleaded guilty to securities fraud Monday after stealing with his partner, financial records of the company and tried to sell to investors.

The dollar to its lowest against the yen

On the currency front, the dollar continued its fall Tuesday against the Japanese yen, down from 9:20 to its lowest level in 15 years, to come punctually at 84.14 yen, immediately after a briefing from the Minister of Finance , Yoshihiko Noda.

Acquisition appetite GDF SUEZ does not dry up. The group chaired by Gerard Mestrallet formalized fortnight ago the takeover of Britain's International Power. This nearly 20 billion euros making it the second largest electricity producer in the world.

This does not prevent targeting a wide range of assets in the energy sector. In Poland in particular, where GDF SUEZ already developing the largest biomass plant in the world with a capacity of 200 megawatts. The group intends to seize tricolor maximum opportunities in this key country in Central Europe. This Friday, however, he was left out of the race for the privatization of the producer and distributor of electricity Polish Energa, estimated 8 billion zlotys (2 billion euros).The Polish Treasury, which has sold 83% of Energa, announced he had chosen for further negotiations between the Czech and Polish groups EMP has Energeticky Prumyslovy Holding.

However, GDF Suez is in the running for the redemption of the third group of the country's electricity, Enea. Currently owned 60% by the Polish Treasury and 19% by the Swedish Vattenfall, Enea is listed at 51% for a price that could reach around 1.2 billion euros, according to Polish daily Parkiet. It provides 20% of electricity in Poland and supplies 2.3 million homes.

Faced with financial

The Polish Treasury, which had suffered an initial setback in 2009 when the only bidder, German RWE, had withdrawn its proposal, would have received this time five bids.These persons, in addition to GDF Suez, would appear EDF, Iberdrola of Spain, Italian Enel and Polish Kulczyk.

In Germany, GDF Suez is very interested in gas storage sites, sold by ExxonMobil and Shell oil companies, reported Friday a close group. The energy giant would face in the battle for assets valued at one billion euros in financial sector competitors. The infrastructure management subsidiaries of Deutsche Bank, Axa and Prudential are also candidates. Germany, third largest market in terms of GDF Suez supplies gas, is the second largest source of storage for this resource. The energy company it already has 600 million cubic meters (m3) of storage, and it would, if he can buy the two sites Uelsen Harsefeld and northwest of the country, its total capacity to about 1.5 billion m3.But France, with 10 billion cubic meters, will remain by far, its first storage area for gas.

The proposed acquisitions are still the order of the day, recalled yesterday a spokesman for GDF Suez. The merger with International Power, mainly funded by transfer of assets, slightly affects the budget of 10 billion investment that the group has set for 2010. And in the first half, investments, acquisitions and development operations or industrial maintenance, were $ 5.5 billion.

Subtracting the transfers of assets in parallel, GDF Suez had yet to end June with a bonanza of 7 billion euros to invest.

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Industrial projects of Renault in Russia are becoming clear. In cooperation with its Japanese subsidiary Nissan, the automaker in diamond should invest 300 million euros in the construction of a plant of national carmaker Avtovaz, which holds 25% stake. The goal: to produce three new small car from 2012.

This information has been reported by the Japanese business daily Nikkei, citing the chairman of Avtovaz, Igor Komarov. The total investment on the site amount to 400 million euros, Renault and Nissan, taking on two of them three quarters.

The models will then be marketed by each group its name, from 2012 or 2013 will come out every year with assembly lines, 150,000 Renault, Nissan 75,000 and 75,000 vehicles Avtovaz Lada brand.One way for the firm of Togliatti (980 kilometers southeast of Moscow) to benefit from technologies developed by the Franco-Japanese. Last March, the three partners had already announced the creation of a new common structure to increase the use of parts produced in Russia and improve the quality of suppliers.

Restructured, Avtovaz returned to the green

This announcement follows the presentation on Thursday, the financial restructuring plan Avtovaz, which plans from Renault investment of 240 million euros in the enterprise technology and materials no fax cash advance. In return for this, and in accordance with his wishes, the French manufacturer keeps intact its stake in the Russian manufacturer, while the conglomerate state Rosstechnology increases his (29%).In contrast, the investment bank Troika Dialog sees its participation diluted. The cards will be reshuffled in 2012. Like all builders in the country, Avtovaz has benefited greatly from program scrapping set last March by the Russian government, which has also planned to extend it.

At the price of a heavy restructuring, the group that there is less than a year, was on the brink of the abyss, even recorded a profit of 1 billion rubles in the second quarter (25 million euros). Nevertheless, the models produced by Avtovaz, including the famous Lada, are far from holding the rope against the European competitors, even if the manufacturer holds 30% of Russian market. "He does not let the success of the plan of scrapping done overshadow our true goal: to modernize the company, recently recalled the Prime Minister, Vladimir Putin the President of Avtovaz, Igor Komarov.Under the watchful eye of the Kremlin, the objective of the three manufacturers, Renault, Nissan and Avtovaz, is taking 40% of Russian market in 2015.

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While the Paris index ended the session fifth consecutive increase, and finished with 3661 points on Tuesday night against 3380 points a week earlier, the CAC 40 does not seem to want to stop. At the opening Wednesday, the benchmark index of the Paris meeting starts up sharply from 0.72% to 3687 points.

In six sessions, the CAC 40 rose 9.1%.

Elsewhere in Europe, the counters are green as well: the DAX index of the Frankfurt Stock Exchange opened up 0.45% to 6203.01 points, the Footsie-100 from London to 0.56% in 5247 11 points.

Early this morning the Nikkei is ironed beyond the 10,000 points and by 1.8%. Same trend in U.S. markets, which closed Tuesday on a sustained growth over 2%.

In the first exchanges to 9:00, the euro is still evolving up 0.2%: $ 1.23 rating than he. Oil, he, trades at more than $ 77.The gold is worth more than 1233 dollars.

The large statistics of the day are American

From the macroeconomic side Wednesday in the euro area, 11 hours, the second estimate of inflation for the month of April will be unveiled.

In the U.S., housing starts, producer prices and industrial production for the month of May will be known between 14.30 and 15.15, before the opening of U.S. markets.Then, the traditional weekly crude inventories will be published.

Rodriguez's boss resigns after indictment

The specialist luxury yacht on Tuesday announced the resignation of its president, Alexander Rodriguez, indicted and jailed last week in a case of banditry, and substituting the group's founder, Gerard Rodriguez.

The scoring title, which had been suspended at the request of the company, will resume Wednesday.

Zodiac Aerospace: 1.83% to 44.7 eurosLe group, whose sales fell 7.6% during the first nine months of its fiscal year, said receiving encouraging signs of restarting the industry aeronautics in a context of more favorable exchange rate.The aerospace supplier confirms its annual targets.

In an interview with the Tribune, Zarrouati Olivier, CEO, says there is no plan to merge with another actor can French aviation capital and no operations are planned at this time with a group foreign

Distribution: showdown on judicial coffee pods Nestlé sued for infringing its competitor Sara Lee (Coffee House). According to information of Figaro, the casino dealer would also be covered by the complaint.Nestle, the world leader in food and owner of Nespresso, sued Friday in front of the Tribunal de Grande Instance of Paris the U.S. Sara Lee, which sells in France for use in coffee pods Nespresso machines under the brand Gold ( coffee house).

GDF Suez: -0.16% to 25.4 euros Tuesday, the group headed by Gerard Mestrallet did not hide his satisfaction at the announcement of the signing of a contract to build a gas power plant of a capacity of 1730 megawatts (MW) in Saudi Arabia. The operation is substantial. The future plant, which will be commissioned in late 2012, an output slightly above the EPR (1600 MW), for a price much lower: 2.1 billion dollars.

Suez Environnement: 1.47% to 14.5 euros The group announced Tuesday night that AA successfully placed a bond issue of 500 million euros over 12 years, due 2022 at a rate of 4.123%.

Ubisoft: 2.84% to 7.98 euros The company will offer four games straight out, November 4, the new gaming device from Microsoft, which will be followed by eight others currently in preparation, "said CEO Yves Guillemot to Echos.

Sanofi Aventis: -0.08% to 50.9 euros The French pharmaceutical group has signed an agreement to acquire Canadian independent group Canderm, a specialist in dermatology.This acquisition will allow Sanofi-Aventis to double its turnover in public health in Canada, according to a statement.

In addition, the company managed to obtain a refund of the medicine disorders dy heart rate, Multaq, 65%.

Dassault Aviation: 1.33% to 608 euros The Defence Minister Herve Morin said on France Info "fanciful" press reports that the modernization of combat aircraft Rafale required by the Emirates would buy 60 aircraft from four to millliards five euros of development costs, partly at the expense of France.

Ginger: +1.2% to 16.85 euros The Dutch Grontmij Ginger will buy at a price of 28.20 euros per share, creating the fourth largest European player in the field of consulting engineering, with a combined turnover 1.1 billion euros and 11,000 employees, both groups announced in a statement. The offer price values the company 120 million euros.

Catastrophe! The verdict of the experts gathered yesterday on behalf of the Health Authority (FDA) on Naproxcinod NicOx is clear: sixteen votes to one against, they voted against the authorization for the U.S. market for treatment cons osteoarthritis.

If the FDA ultimately decides the approval of a drug in the United States, the Advisory Committee constitutes a notice of weight, especially when it is so decided. The agency should make its decision before July 24 next.

But already, the hopes were so meager that the actions d?grindolent Stock Exchange Thursday, while trading in securities listed in NicOx 9:00, after being suspended Wednesday from 2:00 p.m. at the request of the company. At the close of the Paris Bourse during the uncoupling of 44.53% to 2.9 euros.On Tuesday, the day the group announced this biotechnology application to stay the course, the shares had already fallen from 28.37%.

Total, in three sessions, NicOx has lost more than half its value.

The continuation of the project Naproxcinod compromised

The President's Advisory Committee meeting Wednesday, Dr. Kathleen O'Neil, summarizing the conclusions of the Advisory Committee meeting, said extant 'enthusiasm about the potential of naproxcinod but that additional data from additional studies on job security would be needed, "reports the group in a statement.

This single sentence has made it clear to investors that the case is wrong party.According to analysts at Natixis, the American drug agency should provide to NicOx a "Complete Response Letter" means not permitted, requiring further study to clarify the gray areas of the record, particularly in terms of job security product.

Now "option to initiate studies on the long term is virtually impossible for NicOx," according to them. This would require large patient populations over periods of several years of testing, an expensive option that NicOx should not continue, they said. Natixis is passed directly on Thursday morning of the recommendation to "buy" to "ease".

A big blow for NicOx, which had very high expectations of this product across the Atlantic.Analysts said the potential of the drug could reach 1.3 billion euros of sales at the peak of sales, in 2017.

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Greece will not wait long for the counter. Two days after the formal adoption of the aid plan of 110 billion euros in its favor, Athens seeks payment of an initial tranche of 20 billion euros, according to a government source quoted by AFP. The IMF should participate in this first installment to the tune of 5.5 billion euros, the rest from member states of the European Union.

Time is short. The Greek state has to repay a maturity of 8.5 billion euros on May 19 or next week. This is not all. "We must add all refunds coupon (interest on debt, Ed) of bonds issued in May in previous years, and there have been many," said Patrick Jacq, a strategist at BNP Paribas rate. To which must be added interest on the debt issued in foreign currencies.In total, it is not ? 8.5 billion that Greece should pay by the end of May, but between 11 and 12 billion euros, according to the calculations of the strategist.

Also remains an unknown: the short-term funding of deficit cash quick. Fortunately for the Greek government, after sending his letter to the European Commission, the Central Bank (ECB) and International Monetary Fund, Athens would receive 20 billion almost immediately, or "maybe in the day" according to a government source.

Because Greece has no choice now. She can no longer fund normally markets because of high interest "prohibitive," explained April Finance Minister George Papaconstantinou.

European aid comes not without consideration.The government has defied the unions and established an austerity plan of unprecedented severity, with the aim of reducing the deficit by almost 14% in 2009 to 8.7% in 2010. Events are also scheduled for tomorrow late Wednesday afternoon in Athens to protest against the severity.

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"SPECIAL CASE – Greece, a challenge for Europe

Who would have thought that a small economy could disturb the Mediterranean world power? Yet, a leader of the Fed, the U.S. central bank expressed concern about the effects of the crisis on the Greek United States. "I see three ways in which the Greek crisis could directly affect the economy of the United States," said Dennis Lockhart, a patron of the Atlanta Fed on Monday night.

Greece, attracting the attention of investors on the debt of European countries, could accelerate the introduction of austerity policies in Europe.An ominous prospect for U.S. exports, according to Lockhart: "If the countries of the European Union would provide for adjustments to budget problems, this could hinder the growth of the eurozone and U.S. exports to this region .

Second concern for the head of the Fed, the dollar's rise against the euro. The single currency is weakened by the Greek crisis, investors have been particularly its decline in January and February bad credit payday advance . Mechanical consequence down the euro, the dollar rises, which could "undermine the competitiveness of U.S. exports," according to Dennis Lockhart.

"The third [of concern] is the possibility that the Greek budget crisis leads to a large impact on financial markets.This could occur in the banking system or as a retreat General [investors] the debt market states ", has alarmed the leadership of the Fed.

These three concerns, first expressed by the Fed intervene to three days of the European Council of Heads of State and Government. The President of the European Commission Jose Manuel Barroso, has called in an interview with the Financial Times European leaders to show "solidarity" against Greece. This latest threat to resort to the International Monetary Fund if there is no mechanism in place.

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Stabilize the turnover of The Post in 2010, despite declining mail. That is the goal of President Jean-Paul Bailly, who surrendered Thursday at conservative projections. 2010 is a key year for the group, became a company limited by shares on 1 March in anticipation of a capital increase of 2.7 billion euros, funded by the State and the Caisse des Depots.

The past year has finally been better than expected. Jean-Paul Bailly talks about a "beautiful resistance group in a rather difficult year." The Post has achieved 395 million euros of savings and leaving only three have been replaced. The financial structure remained "almost stable", even if it is "extremely fragile", with net debt of 5.5 billion euros to 4.1 billion euros of equity.The State has hit 105 million euros in dividends, and postal workers have been entitled to 221 euro bonus incentive.

For 2010, "the situation remains fragile," says Jean-Paul Bailly. The situation of the post, which represents 53.8% of sales group, will not improve. Last year, the volume decline (- 5.3%) has accelerated, and 2010 will be the same vein. "We continue to believe that the decline is structural, perhaps with the exception of a small part that is direct marketing," warned the president of La Poste unsecured personal loans .He offset this decline with the development of La Banque Postale and recovery of the parcel and express services.

Mailbox Secure

To learn more, it was not until the next board meeting in mid-April, and the presentation of what management calls its "financial trajectory. It is the strategic plan of The Post in 2015. It will support the recovery of the group before the arrival of the Deposit capital. One thing is certain: The Post must find new sources of growth. She is preparing to launch an offer for mobile phone (our editions of Wednesday), in partnership with a telecommunications operator to limit investment.Jean-Paul Bailly has announced yesterday the launch of Digiposte a secure mailbox on the Internet, where the goal is to eventually receive all their mail management (invoice, bank statement, pay slip …). In late March, The Post Bank will also launch in the consumer credit. "2010 will be a very important year in terms of innovation," promises Jean-Paul Bailly, in all trades.

Burning a limit to the deficit in the marble of the law. The suggestion was made by Nicolas Sarkozy in 2007 during the presidential campaign. Then was taken in late 2009, a budget minister Eric Woerth, seduced by the German example. The topic should be discussed Thursday at the Elysee Palace during the conference on deficits. How, specifically, would this be possible?

The Germans themselves have already taken action. They have set a goal rigorous balance of public finances on an entire economic cycle and have entered into their constitution. Clearly, the German deficit will not exceed 0.35% of GDP in 2016.

Pass such a law in France could reassure the markets. They are concerned about the explosion of public debt. Rating agencies have already warned France that it would quickly present a plan resorption deficits.Otherwise, goodbye note prestigious Triple A allowing Paris to borrow very cheaply.

Eric Woerth, in his first statements, believed that coercion should be entered in a text of a range exceeding the classical law. The minister was thinking of an organic law? This type of text is in the legal hierarchy between the statute and the constitution. "I'm not sure that new legislation limiting deficits to this level would change the deal because all the existing provisions," argues Sophie Baziadoly, lecturer in public law at the University of Cergy-Pontoise.

Already copntraintes

Entering the euro zone, France has already pledged not to show a deficit above 3% of GDP bad credit payday loans . A rule regularly flouted.Nationally, the planning law, passed each year, limiting the increase in government spending to inflation. But this is not a legal rule, rather rule management. If it is not respected, there are no penalties.

The organic law will probably not solve these problems. "Like any law, it can be applied … or not, so it's purely symbolic," says Michel Bouvier, Professor at University Paris I Panth?on-Sorbonne and director of the Association for the International Foundation of Public Finance (Fondafip ). "The only serious solution is to fix the balance in the constitution." Follow the German example, in short.

But is it really desirable? This solution "removes responsibility policies and limits their freedom of action in the future," said Michel Bouvier. According to the university should instead strengthen fiscal transparency, streamline the budget.One area where France did not blush. For if it is bad in terms of student debt is one of the best in the world for the transparency of public finances, according to the International Budget Project. Still, this does not seem to be enough today to reassure the markets.

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