BEA Systems has rejected a cash bid for the company from rival business software provider Oracle that appeared to signal the start of a bidding war for the company.
Technology shares surged Friday afternoon on Oracle's $6.7 billion bid for BEA, while broader gains were smaller as investors welcomed strong economic news, but wondered what if it will limit further interest-rate cuts.
A significant proportion of lipstick manufactured in the United States and used by millions of American women contains surprisingly high levels of lead, the Campaign for Safe Cosmetics said Thursday.
With the 2008 model year now upon us, its a good time to look back at the first nine months of calendar 2007 to see who the champs and chumps are. The names may not surprise you but the amount of movement might.
In the midst of yet another management shakeup at Citigroup - these stretch across the landscape like a very long freight train crossing Kansas - there is one statement to focus on. That is the declaration of Citigroup executive Robert Rubin (made to The New York Times) that he would bet $100 that Citi's Charles "Chuck" Prince will still be the company's CEO five years from now.
Retail sales saw a surprisingly better-than-expected bounce, helped by a surge in auto purchases in September, although many merchants complained that unseasonably warm weather hurt demand for fall merchandise last month.
Wall Street is already betting that next week's earnings at the nation's biggest banks will be dismal. What remains to be seen is just how bad they will be.
