The Pleasanton, California- based company, considered a leader in the cloud computing sector, opened New York Stock Exchange trading at $48.05 and reached as high as $49.21 after pricing shares above the expected range at $28.00. Duffield and Bhusri left PeopleSoft following its acquisition by Oracle Corp in 2004..
The Dow Jones industrial average rose as much as 83 points, shrugging off a widening U.S. trade deficit, higher unemployment in Greece and a ratings cut for Spain. "There's not a lot to move the market today," said Erik Davidson, deputy chief investment officer of Wells Fargo Private Bank in San Francisco. "
DALLAS-- Just weeks ago, American Airlines was working its way through bankruptcy court, on schedule for one of the fastest turnarounds in aviation history. Then seemingly overnight, American became the butt of jokes from Facebook to late-night TV. "American Airlines has a new slogan," Jay Leno joked on NBC's "The Tonight Show."
*Wal-Mart lines up 6 major health centers for procedures. *Wal-Mart has covered transplants since 1996 By Jessica Wohl.
--Specialty chemical producer PQ Corp. plans to redesignate as restricted subsidiaries, Potters Holdings II L.P. and its subsidiaries. --PQ Corp. plans to refinance all debt at PQ and Potters using proceeds from proposed debt issuance. Rating Action On Oct. 11, 2012, Standard& Poor's Ratings Services revised its outlook on PQ Corp. to stable from negative.
Penn National Gaming Inc. said on Thursday it was seeking to build an $807 million resort casino and hotel on a parcel that is now home to a newspaper and a bus terminal.
AVONDALE, Penn., Oct 11- The September U.S. employment report was "mostly good news" that shows some progress, though the labor market still has a long way to go, Charles Plosser, president of the Philadelphia Federal Reserve Bank, said on Thursday.
NEW CASTLE, Pa.-- A New Jersey firm has plans to build a 900 megawatt, $750 million natural gas-fired power plant in western Pennsylvania. LS Power, which has offices in East Brunswick, N.J. and St. Louis says the plant in North Beaver Township, Lawrence County, will be fueled from gas drawn from a pipeline out of Tennessee.
AVONDALE, Penn., Oct 11- When the U.S. Federal Reserve eventually begins to sell some of the assets it has accumulated over the last few years it risks logging losses if longer-term interest rates are rising, a top central bank official said on Thursday.
NEW YORK-- Tom Hanks will play a gutsy New York City newspaper columnist when he makes his debut on Broadway in the spring. Previews begin March 1 at the Broadhurst Theatre and an opening night is set for April 1.
AVONDALE, Penn., Oct 11- The Federal Reserve's intention to keep interest rates ultra low for nearly three more years is suggesting to some that the Fed is willing to cut the jobless rate at the expense of higher inflation, putting the central bank's credibility at risk, a top Fed official said on Thursday.
CHUQUICAMATA, Chile-- From above, it looks like a colossal amphitheater carved from rock, or the vast crater from a meteorite that crashed into Chile's Atacama desert ages ago.
When the stay-at-home mom and her family visited New York from their home in Germantown, Md., they joined the crowd of fans outside the NBC morning show's Rockefeller Center studio.
DARLINGTON, Pa.-- A natural gas drilling company has settled federal lawsuits by western Pennsylvania landowners who contested the company's drilling leases and were, in turn, countersued by the company for permission to cut down trees sometimes inhabited by a protected bat species so the wells could be drilled.
DOVER, Del.-- Attorneys for the state medical society and a southern Delaware hospital have settled a class-action lawsuit filed on behalf of victims of former pediatrician Earl Bradley, who sexually abused scores of his young patients over more than a decade.
NEW YORK-- One piece of good news on jobs was enough Thursday on Wall Street. That one piece of good news was enough to help traders forget about a drumbeat of worrisome developments, like a widening U.S. trade deficit, higher unemployment in Greece and a ratings cut for Spain. `.
OWEGO, N.Y.-- A Texas company has begun drilling a vertical well to explore the potential of the Marcellus Shale natural gas formation, joining about a dozen others probing the potentially lucrative rock beneath New York's southern tier. Carizzo Oil& Gas of Houston recently started digging its first well north of the Tioga County village of Owego.
MARTINSVILLE, Va.-- Titanium production is under way at RTI International Metals Inc.' s new $135 million plant in Martinsville, Va.. Pittsburgh- based RTI says the plant produced its first certified commercial aerospace titanium product on Thursday.
AVONDALE, Penn., Oct 11- The Federal Reserve's stated intention to keep interest rates ultra low for nearly three more years is suggesting to some that the Fed is willing to cut the jobless rate at the expense of higher inflation, putting the central bank's credibility at risk, a top official of the U.S. central bank said on Thursday.
It was the second-consecutive monthly decline in filings, although there remains a sharp divergence along state lines, according to a report Thursday by foreclosure listing firm RealtyTrac Inc..