BRIEFCASE.Byline: - Staff and Wire Services Oracle set to cut about 2,000 jobs SAN FRANCISCO San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden - Business software maker Oracle Corp. said Thursday that it will cut about 2,000 jobs, or more than 3 percent of its work force, as it digs for bigger profits from its recent $5.85 billion takeover of Siebel Systems Siebel is a brand name of Oracle Corporation. Siebel Systems, Inc., founded by Thomas Siebel in 1993, was principally engaged in the design, development, marketing and support of CRM applications. Inc. Redwood Shores, Calif.-based Oracle inherited 4,700 Siebel workers in the acquisition, but most of the cuts will be concentrated among employees on the company payroll before the deal closed last week, Chief Executive Officer Larry Ellison Lawrence Joseph Ellison (born August 17, 1944) is the co-founder and CEO of Oracle Corporation, a major database software company. Early life Ellison was born in New York City to Florence Spellman, a 19-year-old unwed Jewish mother. told analysts during a conference call. About 90 percent of Siebel's customer support, engineering and sales staff is being retained, Ellison said. Lay was involved, witness testifies HOUSTON - Enron Corp.'s former investor-relations chief on Thursday acknowledged that founder Kenneth Lay had to jump back into nuts-and-bolts management of his company when he resumed the role of chief executive after Jeffrey Skilling resigned less than four months before Enron collapsed in December 2001. ``He had to get more involved, yes,'' Mark Koenig said in response to cross examination by lead Lay lawyer Michael Ramsey in his sixth day on the witness stand. Koenig is the government's first witness in the fraud and conspiracy trial of his former bosses. Ramsey's questioning appeared to try to highlight what Lay claimed publicly when he was indicted INDICTED, practice. When a man is accused by a bill of indictment preferred by a grand jury, he is said to be indicted. in July 2004: Lay knew of no skulduggery, and was like a student cramming for an exam when his handpicked successor as CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. quit. Delta Air's pilots threaten walkout ATLANTA - Delta Air Lines Inc. pilots aren't mincing words anymore: The chairman of the union's executive committee said Thursday that the pilots will strike if their contract is thrown out as part of the carrier's attempt to impose $325 million in concessions. The chairman, Lee Moak, also told The Associated Press that the airline has informed the union that it believes the pilots' defined benefit pension plan will be terminated. Union leaders had previously said the pilots would not ``willingly work without a contract,'' interpreted by many people as a strike threat. However, until Thursday union leaders had been cautious not to say they would definitely strike if the contract was rejected. BlackBerry tests way to keep going NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of - The operator of the BlackBerry wireless e-mail device said Thursday that it has tested a software ``workaround'' that would keep its service running if a court bars the use of its current system in a patent dispute. Research In Motion Ltd. has previously said it was developing such a workaround (jargon, programming) workaround - A temporary kluge used to bypass, mask or otherwise avoid a bug or misfeature in some system. Customers often find themselves living with workarounds for long periods of time rather than getting a bug fix. . The latest announcement appears to be a way for the company to strengthen its hand in settlement negotiations with NTP (Network Time Protocol) A TCP/IP protocol used to synchronize the real time clock in computers, network devices and other electronic equipment that is time sensitive. It is also used to maintain the correct time in NTP-based wall and desk clocks. Inc., the tiny Arlington, Va.-based company that has persuaded a federal jury that RIM's software infringes on its patents. NTP is now seeking an injunction that would shut down BlackBerry service for private-sector U.S. users. Senate OKs bill to reform USPS (1) (Uninterruptible Switching Power Supply) A power supply for a computer that contains its own battery and uninterruptible power supply (UPS) circuitry. See power supply and UPS. WASHINGTON - A bill intended to improve the finances and operations of the U.S. Postal Service The U.S. Postal Service (USPS) processes and delivers mail to individuals and businesses within the United States. The service seeks to improve its performance through the development of efficient mail-handling systems and operates its own planning and engineering programs. won Senate approval Thursday despite last-minute opposition by management of the agency it is intended to help. The Senate bill was passed by voice vote. The House passed similar legislation by a vote of 410-20 in July. The two versions will now go to conference committee to work out differences. It's crucial to change the way post offices operate, the sponsors of the Senate bill said in a joint statement. ``Under its current business model, the Postal Service's financial future is not viable,'' said Sens. Susan Collins, R-Maine, and Thomas Carper, D-Del. Senate action was welcomed by Rep. Tom Davis, R-Va., who ushered the bill through the House. ``Congress is not only helping move the Postal Service into the 21st century, but we are addressing the structural, legal, and financial constraints that have brought the Postal Service toward a financial death spiral Death Spiral A type of loan investors lend to a company in exchange for convertible debt, which, like a convertible bond, typically has provisions that allow the investors to convert the bonds into stock at below-market prices. ,'' said Davis, chairman of the House Government Reform Committee. ``The health of the Postal Service is important to the entire economy.'' More than 9 million American jobs, $900 billion in commerce and 9 percent of the gross domestic product depend upon mail and package delivery. |
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