Update: Oracle begins cutting 5,000 jobs following PeopleSoft takeover
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Oracle will eliminate about 5,000 jobs following its $10.3 billion acquisition of PeopleSoft, the company said Friday.ADVERTISEMENTWhite paper: Solutions to Address IT Control RequirementsLearn how BMC Software Solutions address requirements such as the Sarbanes-Oxley Section 404 in this 20 page whitepaper!
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WASHINGTON -- Four executives of PeopleSoft Corp. were replaced by officers of Oracle Corp., which is working to complete a $10.3-billion acquisition of its business software rival, according to a regulatory filing Thursday.
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PeopleSoft Inc. PSFT.O on  Tuesday said Chief Executive and Chairman Dave Duffield has  resigned from the business software maker, which agreed to a  $10.3 billion buyout by rival Oracle Corp. ORCL.O earlier  this month.
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The British oil giant said it would cut an additional 5,000 jobs by the middle of next year as part of a plan by the chief executive to slim management and make the company more efficient.
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Oracle Corp. ORCL.O will cut  5,000 jobs as it combines with PeopleSoft Inc., the business  software rival it acquired for $10.3 billion after a bitterly  fought takeover battle, the company said on Friday.
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PeopleSoft Inc.&#39;s board of directors unanimously rejected Oracle Corp.&#39;s takeover offer Saturday, Nov. 20, only hours after PeopleSoft stockholders tendered a majority of their shares in favor of the deal.
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December 30, 2004 - One day after PeopleSoft Chief Executive Dave Duffield resigned, Oracle announced that it has taken control of its rival, as 75 percent of PeopleSoft shareholders have tendered their shares.
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Oracle Corp. said on Wednesday it has taken control of PeopleSoft Inc., now that about 75 percent of shareholders of the rival software maker have tendered their shares.
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Oracle Corp. announced on Wednesday the end of an 18-month fight for the takeover of software maker PeopleSoft as 75% of the competitorâs shareholders have agreed to tender their shares to Oracle.
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BP will cut 5,000 jobs after reporting "disappointing" profits as margins were squeezed and costs rose.
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On Friday, PeopleSoft announced the Board of Directors&#39; decision to terminate Craig Conway as President and CEO of the Company, effective immediately.
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OracleÂ will eliminate about 5,000 jobs following its $10.3 billion acquisition of PeopleSoft, the company said Friday.ADVERTISEMENTWhite paper: Solutions to Address IT Control RequirementsLearn how BMC Software Solutions address requirements such as the Sarbanes-Oxley Section 404 in this 20 page whitepaper!
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Software maker Computer Associates  CA.Non Wednesday said it would cut 800 jobs, or 5 percent of  its work force, in one of its biggest cost cutting efforts amid  weaker demand and falling prices for software and services.
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Software giant Oracle has finally taken control of rival PeopleSoft after an 18-month takeover battle. Wednesday, Oracle said that 75% of PeopleSoft shareholders have tendered their shares.
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Oracle Corp.  said on Wednesday it has taken control of PeopleSoft Inc. , now that about 75 percent of PeopleSoft's shareholders have tendered their shares.
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Oracle Corp could reduce its offer for PeopleSoft Inc by as much as a third, to $2.5 billion or $14 a share, to reflect declining performance at the rival company, an Oracle executive reportedly testified yesterday.
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Oracle Corp. said on Wednesday it has  taken control of PeopleSoft Inc., now that about 75 percent of  PeopleSoft's shareholders have tendered their shares.