PeopleSoft Inc.'s board of directors rejected Oracle Corp.'s $9.2 billion takeover bid Wednesday, thrusting the business software maker's fate in the hands of its shareholders.
New claims for jobless benefits rose last week by 2,000 to 333,000 the Labor Department said. Even with the increase, the level of claims pointed to a recovery in the jobs market, analysts said.
Delphi Corp., whose Thermal and Interior Division is headquartered in Lockport, Wednesday said the release of its third-quarter results will be delayed because of a government investigations of transactions with suppliers. The SEC is investigating $86.5 million of the company's transactions with Electronic Data Systems Corp. in 2001 through 2003, and $3.5 million from another provider.