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Dow dips more than 500 on worries about financials- The misery worsened on Wall Street Tuesday, with stocks piling on losses late in the session and bringing the two-day decline in the Dow Jones industrials to more than 875 points amid escalating worries about credit markets and the financial sector.
Congress scolds former AIG executives over crisis- Executives at American International Group Inc. hid the full range of its risky financial products from auditors as losses mounted, according to documents released Tuesday by a congressional panel examining the chain of events that forced the government to bail out the conglomerate.
Trailing Obama, McCain hopes to gain in debate- Leading in the polls, Barack Obama hopes to cement his standing while John McCain is trying to turn his fortunes around in their second presidential debate - with economic turmoil bordering on chaos suddenly serving as the backdrop.
- Barack Obama has his William Ayers connection. Now John McCain may have an Iran-Contra connection. In the 1980s, McCain served on the advisory board to the U.S. chapter of an international group linked to ultra-right-wing death squads in Central America.
- A U.S. military officer warned Pentagon officials that an American detainee was being driven nearly insane by months of punishing isolation and sensory deprivation in a U.S. military brig, according to documents obtained by the American Civil Liberties Union and provided to The Associated Press.
- Five Massachusetts men became the first divers to reach the wreck of a 19th-century steamship that sank in one of the most destructive storms in New England history, and say they saw an array of artifacts like dishes and mugs but no human remains.
- Don't give over-the-counter cold remedies to kids under 4, drug companies said Tuesday. What sniffling little ones need, doctors said, are plenty of fluids and lots of tender, loving care.
Nick Nolte breaks window to flee from burning home- Nick Nolte has escaped a fire that burned a Malibu home to the ground. The Los Angeles County Sheriff's Department says the actor slightly cut his hand when he broke a window and fled the home shortly after 11:30 a.m. Tuesday.
- A Kansas man whose girlfriend was physically stuck to the toilet in their home wins $20,000 in the state Lottery, for the second time this year. Kory McFarren cashed in his winning $2 Bonus Crossword ticket in Great Bend Monday.
Bonds says he's enjoying life away from baseball- Barry Bonds made a rare public appearance Tuesday and said he is enjoying life away from baseball. "I'm happy now that I have more time," Bonds told the crowd at the kickoff event of the Macy's Christmas tree lighting. "I've actually enjoyed myself immensely."
Oracle(R) E-Business Suite and Oracle's PeopleSoft Enterprise Both Named A Leader in Latest Independent Research Firm's Accounts Payables - Electronic Invoice Presentment and Payment Report
REDWOOD SHORES, Calif.
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* As further recognition for Oracle's "Applications Unlimited" Program,
Oracle (Nasdaq: ORCL) today announced that Forrester Research, a leading
independent research firm, has recognized both the Oracle(R) E-Business Suite
Release 12 and Oracle's PeopleSoft Enterprise Release 9 as a "Leader" in the
* The report stated "AP-EIPP products streamline the invoice-to-pay (I2P) process by receiving invoices directly from suppliers' systems, automatically validating them against supporting documents such as purchase orders (POs), and loading them into payment systems, ready to be paid.(1) "
* Procure-to-Pay, a combination of the Oracle E-Business Suite Financials family of applications and Oracle Advanced Procurement is an integrated solution that links purchasing and payables to maximize return on invested capital. With Oracle Procure-to-Pay, customers can help reduce costs to improve margins, streamline procure-to-pay processes to improve working capital, and drive compliance to optimize asset usage.
* PeopleSoft Enterprise Payables and eSettlements, both part of Oracle's PeopleSoft Enterprise Financial Management family of applications, enables users to streamline the procure-to-pay, deliver operational savings and helps reduce liabilities by supporting asset and liability management objectives. The PeopleSoft Enterprise EIPP solution also helps ensure a quick return on investment by integrating a full procurement suite and providing supplier collaboration through a superior user interface.
* Forrester evaluated 10 vendors across 78 criteria, then grouped the vendors into 17 categories to assess strengths and weaknesses in three areas: current offering, strategy and market presence.
Supporting Quotes
* According to Forrester, "both of Oracle's EIPP products -- within the Oracle E-Business Suite and PeopleSoft Enterprise product lines -- are leading options for companies that are already using the finance and procurement modules of those products.(2)"
* "AP-EIPP systems reduce costs while improving strategic supplier
relationships," said Oracle Vice President of Financial Applications
Supporting Resources
* Full report -- http://tinyurl.com/5dj5qu
* Oracle E-Business Suite 12 -- http://tinyurl.com/3csanc
* Oracle's PeopleSoft Enterprise 9 -- http://tinyurl.com/8yk2x
About Oracle
Oracle (NASDAQ: ORCL) is the world's largest enterprise software company. For more information about Oracle, please visit our Web site at http://www.oracle.com.
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(1) The Forrester Wave(TM): AP-EIPP, Q2 2008. Duncan Jones, June 2008.
(2) The Forrester Wave(TM): AP-EIPP, Q2 2008. Duncan Jones, June 2008.
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