Monday, March 05, 2007

WALL STREET JOURNAL - Latest News - Oracle to Buy Hyperion Solutions for $3.3B Cash -- NYT 



The Wall Street Journal and New York Times report that according to people familiar with the matter, software giant Oracle Corp., the worlds #2 maker of business software for areas like finance and human resources, will buy Hyperion Solutions Corp. for $52 cash a share, or about $3.3 billion -- a 21% premium over Hyperion's [... ]

Fight to end hatred, slain reporters dad urges 
Judea Pearl conveyed his message of peace at The Community School of Naples on Sunday night with strength and determination. Pearl said he was inspired by his son, Wall Street Journal reporter Daniel Pearl, who delivered his final words to the world in the same fashion.

WSJ: Blockbuster May Buy Movielink 
The Wall Street Journal reports Blockbuster is in "advanced talks" to buy Movielink for an amount not to exceed $50 million in cash and stock, according to people familiar with the matter.

U.S. Equities Suffer Worst Week in Four Years Leading Bonds Higher 
The U.S. equity market experienced its largest weekly decline since January of 2003 wiping out $837 billion in market value, spurred by a global selloff. The heavy declines also meant the S&P 500 index closed lower for the month of February - the first monthly decline in eight months.

Late mortgage payments rise, according to lender 
Countrywide Financial Corp., the largest U.S. home mortgage lender, said payments were at least 30 days late at the end of 2006 on 2.9 percent of prime home-equity loans serviced by the company, according to The Wall Street Journal.

Lists of Best-Selling Books 
WALL STREET JOURNAL BEST-SELLERS FICTION 1. "Innocent in Death by Nora Roberts, writing as J.D. Robb 2. "Step on a Crack" by James Patterson, Michael Ledwidge

Charles Koch: His philosophy and his company 
Charles Koch, chairman and chief executive of Koch Industries, has added a new title to his already impressive resume: author.

Palm's Share Price Rises as Takeover Talk Gets Louder 
Shares of Palm Inc., manufacturer of the Treo smartphone, rose 11% on Friday to over $18 on speculation that Nokia is considering buying the company. The share price has soared over 25% this year on persistent takeover rumors.

Report faults FDA drug-safety tracking system: paper 
The U.S. Food and Drug Administration is relying on a "dysfunctional" computer system for tracking drug safety as it struggles to upgrade its technology, The Wall Street Journal reported on Saturday, citing a report commissioned by the FDA.

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