Ford dumps $200m Oracle system
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Ford has ditched Oracle&#39;s online purchasing system eVEREST, because of flaws in the software. The car manufacturer has reportedly spent more than $200m trying to get the system to work since it bought it in 2000.
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OAKVILLE, ONT. - Ford Motor Co. plans a new $1-billion project to build a flexible manufacturing plant at its facility in Oakville.
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FORD, the American car giant, confirmed yesterday that it is to stop producing Jaguar cars at its Brownâs Lane plant in Coventry, with the loss of 1,150 jobs.
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Oracle Corp. , the business software maker that recently acquired rival PeopleSoft, said on Friday it plans to cut the combined work force of the two companies by about 5,000 people, leaving a total of 50,000 employees.
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Ford Motor Credit, the financial arm of   Ford Motor Co. F.N on Thursday said it would cut 2,000 jobs   -- almost a quarter of its staff in North America -- and close   branch offices in order to cut costs.
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A troubled ERP installation at a foreign subsidiary of Asyst Technologies left the semiconductor automation products maker facing delisting from the stock market, while forcing it to restate earnings and spend as much as $2 million to resolve the issues.
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Buoyed again by strong results at its financial services arm, Ford Motor Co. said Tuesday it swung to a profit of $266 million in the third quarter even though its worldwide automotive operations lost $609 million.
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Ford Motor Credit, the financial arm of   Ford Motor Co. F.N said on Thursday it would cut 2,000 jobs   -- almost a quarter of its staff in North America -- and close   branch offices in order to cut costs.
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BUSINESS IN BRIEF  FORD POSTS RECORD  LOSS OF $12.7 BILLION  DEARBORN, Mich. - Ford Motor Co. posted a $12.7 billion loss in 2006, the largest annual loss in the fabled automaker's 103-year history.
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Ford Motor Co.  said on Monday it  plans to obtain financing totaling about $18 billion to address  near-and medium-term negative operating-related cash flow, to  fund its restructuring, and to provide added liquidity.
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Car giant Ford is reportedly abandoning a $200m web-based purchasing project because it can&#39;t get the software to work properly.
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Ram Gupta, who was an executive vice president, leaves the company after a four-year stint. PeopleSoft is mum on the details.
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Ford Motor Credit, the financial arm of  Ford Motor Co.  said on Thursday it would cut 2,000 jobs  -- almost a quarter of its staff in North America -- and close  branch offices in order to cut costs.
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Shares of Ford Motor Co.  fell  nearly 5 percent on Thursday in reaction to a news report that  its automotive unit could lose up to $9 billion this year,  information that came on the final day of a board meeting to  review the carmaker's stepped-up cost-cutting plan.
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Ford Motor Co.  is planning to announce that its Five Hundred mid-size sedan will be renamed the Taurus, after its once-popular but now discontinued model, Dow Jones Newswires reported on Tuesday.
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It&#39;s out with the new and in with the oldâat least at PeopleSoft, Pleasanton, Calif. Just two weeks after the ouster of CEO Craig Conway, Ram Gupta, PeopleSoft executive vice president of product and technology, has also left the building.
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Ford Motor Co. will build a new center for fuel cell development as part of an $820 million upgrade at its Toronto-area assembly operations, the company plans to announce today.