Stocks Surge on Oracle, PeopleSoft Merger
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Investors welcomed the end of Oracle Corp.'s 18-month battle to take over PeopleSoft Inc., pushing stocks higher Monday. A better-than-expected survey of retail sales also helped the markets.
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Stocks rose sharply on Tuesday, driving the Nasdaq composite index more than 1 percent higher, as overseas equities rebounded and investors bet that markets may be stabilizing after recent heavy losses.
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NEW YORK: Wall Street rallied Friday on mostly upbeat economic news, with the technology sector lifted by a shakeup at PeopleSoft that boosted expectations for a high-profile merger.
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NEW YORK - Investors sent stocks sharply higher Friday as new economic data showed strength in manufacturing and construction, and Wall Street greeted the departure of PeopleSoft Inc.'s chief executive by buying up technology shares. The Dow Jones industrials gained 100 points in morning trading...
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U.S. stocks rose sharply on Tuesday, driving all three major stock indexes up more than 1 percent, as nearly a week of steep declines made shares' valuations look enticing to buyers.
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U.S. stocks rallied on Thursday, boosting the Dow to a record, as healthy sales from key retailers reassured investors about the economy, while takeover speculation drove Alcoa Inc.'s  shares to a lifetime high.
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US software company Oracle reports a jump in profits after acquisitions boosted its sales of business products.
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Software stocks rose on Friday on  speculation there may be more mergers in the industry after a  U.S. judge allowed Oracle Corp. to proceed with its takeover of  rival PeopleSoft Inc.
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U.S. stocks surged on Tuesday, as  battered insurers rose on confidence a probe of the industry  would end quickly, helping the Dow break its 5-day streak of  losses to score its strongest one-day rally since early June.
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SAN FRANCISCO Shares of Oracle, the software maker, were up more than 7 percent in late trading Wednesday, a day after the company said its first-quarter earnings rose 16 percent on strong demand for its flagship database programs.
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Stocks rallied on Monday, the start of the third quarter, with the Nasdaq gaining more than 1 percent, after news of merger-and-acquisition activity and data showing a surprise pickup in manufacturing growth.
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Stocks surged on Thursday, lifting the Dow to a record, as stronger-than-expected retail sales and takeover speculation fueled optimism about the economy.
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Stocks gained on Friday, putting the Dow and S&P on track for their best week since March, after stronger-than-expected results from software maker Oracle Corp  helped the profit picture for technology.
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Investors sent stocks sharply higher Friday as new economic data showed strength in manufacturing and construction, and Wall Street greeted the departure of PeopleSoft Inc.'s chief executive by buying up technology shares. The Dow Jones industrials gained 100 points in morning trading.
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Stocks surged on Monday as investors snapped up shares of manufacturers and downtrodden banks after more weak housing data bolstered expectations the Federal Reserve will slash rates this week.
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REDWOOD SHORES, Calif. -- After months of wrangling, Oracle said Monday that it has signed a merger agreement to buy rival business software maker PeopleSoft.
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INVESTORS welcomed the end of Oracleâs 18-month battle to take over PeopleSoft yesterday, pushing stocks in the United States higher.