CALIFORNIA | LOCAL
March 31, 1989
Armed with search warrants, criminal investigators seized records this week from a large real estate developer and two other firms connected with an Atwater site where hazardous asbestos was improperly ripped out late last year and exposed to the elements. In court papers filed Thursday that disclosed the search, an investigator for the Los Angeles County district attorney's office said it appeared that Schurgin Development Co.
September 5, 2003 |
PeopleSoft Inc., the target of a flagging takeover attempt by archrival Oracle Corp., said Thursday that it would cut 750 to 1,000 jobs as it wraps its $1.9-billion acquisition of J.D. Edwards & Co. Combined with other cuts, the staff reduction -- up to 7.7% of the workforce -- is expected to save the combined company $167 million to $207 million a year, helping to boost sales and profit projections over the next 18 months, said Kevin Parker, PeopleSoft's chief financial officer.
June 17, 2003 |
Software maker PeopleSoft Inc. sweetened the terms of its friendly offer for J.D. Edwards & Co. on Monday with $863 million in cash in an attempt to ward off a $5.1-billion hostile takeover bid from database giant Oracle Corp. PeopleSoft and Oracle are battling for the allegiance of PeopleSoft shareholders. Oracle is hoping to woo them with a tender offer of $16 per share. PeopleSoft is trying to convince them that their shares are worth more -- especially if PeopleSoft completes its $1.
July 15, 2003 |
Federal antitrust officials Monday cleared PeopleSoft Inc.'s purchase of J.D. Edwards & Co., possibly thwarting a hard-fought effort by Oracle Corp. to undermine the deal by buying PeopleSoft first. PeopleSoft executives said they expected to complete the $1.7-billion union Friday, creating the world's second-largest provider of business applications software. Oracle launched a hostile $5.3-billion tender offer for PeopleSoft shortly after that firm announced plans to buy J.D. Edwards.
June 13, 2003 |
Database software giant Oracle Corp. got a double dose of rejection Thursday. First, PeopleSoft Inc.'s board of directors scorned Oracle's $5.1-billion hostile offer. Hours later, J.D. Edwards & Co. sued Oracle, alleging that it is trying to foil Edwards' $1.7-billion acquisition by PeopleSoft.
June 5, 2000 |
C. Edward McVaney co-founded J.D. Edwards & Co. more than 20 years ago, built it into a major provider of large-scale computer software, became a multimillionaire in the process and then all but retired 18 months ago. Today? He's back at work trying to save his creation. J.D. Edwards' fortunes have been eroding--fast.